Housing Wire

MAY 8, 2025

Todays best loan officers operate differently and expect more. Naturally, this means loan officers (LOs) dont work the same way anymore, either. Market conditions If you dont like the market conditions today, just wait a few days theyll change. They simply cant if they wish to succeed.

Loan Officer 330

Loan Officer Debt-to-income ratio Loans Technology 330

Housing Wire

JUNE 11, 2025

Market size vs. potential When asked about the size of the market, Mayer described it as “enormous” but with a lot of unrealized potential. Of that number, just under 300,000 were rejected for the loan they applied for. So folks here and elsewhere are leaving hundreds of thousands of loans on the table.

Mortgages 349

Mortgages Debt-to-income ratio Lending Staging 349

Housing Wire

NOVEMBER 4, 2024

By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. They will continue to charge the highest price the market will bear, and leave buyers with an added up-front cost. High housing prices are caused by a housing shortage.

Debt-to-income ratio 305

Debt-to-income ratio Agents VA loan MLS 305

Housing Wire

SEPTEMBER 9, 2020

In June, the bureau released two proposals regarding the QM Patch, which allows loans sold to Fannie Mae or Freddie Mac to exceed the 43% debt-to-income ratio the Bureau had established in its Ability to Repay/Qualified Mortgage rule. Under § 1026.43(c)(2)(vii), Section 1026.43(c) ” (Bolding added by MBA.).

Debt-to-income ratio 428

Debt-to-income ratio Loans Industrial Mortgages 428

Housing Wire

SEPTEMBER 17, 2024

The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. The company explained that the product operates as a ”hybrid between debt and equity.” The product is a second mortgage with a below-market interest rate that allows a homeowner to tap into their equity without refinancing their existing mortgage.

Equity 431

Equity Loans Debt-to-income ratio Renovation 431

Housing Wire

MARCH 20, 2025

Many who bought during the pandemic are now rethinking their decisions, citing changing lifestyles, financial miscalculations, and shifting market conditions, according to new data from Opendoor. Whatever that looks like, they’re kind of maxing out with the debt-to-income ratio. They’re getting a loan.

Debt-to-income ratio 356

Debt-to-income ratio Staging Loans Equity 356

Housing Wire

MAY 24, 2024

Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans. How student loans impact your ability to buy a home Adding a mortgage on top of monthly student loan payments can create a significant financial strain.

Debt-to-income ratio 441

Debt-to-income ratio Loans Pre-approval VA loan 441

Housing Wire

MARCH 3, 2024

A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade. Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

Loans 504

Loans Debt-to-income ratio Lending Banks 504

Housing Wire

SEPTEMBER 16, 2021

Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report.

Loans 397

Loans Debt-to-income ratio Mortgages As-is 397

Housing Wire

MARCH 16, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, announced on Wednesday it will accept personal or business bank statements in self-employed borrowers’ loan applications. The product is available for loans up to $3 million and up to 90% loan to value. No mortgage insurance will be required.

Banks 384

Banks Loans Debt-to-income ratio Lending 384

Housing Wire

AUGUST 18, 2020

The Consumer Financial Protection Bureau is proposing a new category of qualified mortgages called Seasoned QM, which would require loans to meet certain performance requirements over a 36-month seasoning period. During the seasoning period, creditors would have to hold these loans on portfolio.

Debt-to-income ratio 517

Debt-to-income ratio Mortgages Loans As-is 517

Housing Wire

MAY 29, 2024

He wants to know whether the potential borrower has acquired a buy now, pay later (BNPL) loan. And an underwriter told us that she was required by her lender to count the debts that were on the bank statement, including the BNPL loans.” Racamato promptly called some lenders he partnered with to ask how they deal with BNPL loans.

Debt-to-income ratio 440

Debt-to-income ratio Mortgages Loans Banks 440

Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). peak prior to the housing market downturn in 2006.

Debt-to-income ratio 458

Debt-to-income ratio Marketing Equity Loans 458

Housing Wire

SEPTEMBER 10, 2020

They’re centering on – there’s been a desire to move away from the so-called GSE Patch QM which is the Qualified Mortgage for loans that are held for sale to Fannie Mae and Freddie Mac that is scheduled for sunset on Jan. There are two proposals that came out in June. Q: What about the other proposals? But there would be other factors.

Debt-to-income ratio 377

Debt-to-income ratio Loans Mortgages Industrial 377

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The changes include updates to pricing for second homes, high-balance loans and cash-out refinances that were first announced in 2022.

Debt-to-income ratio 541

Debt-to-income ratio Industrial Mortgages Loans 541

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Debt-to-income ratio 466

Debt-to-income ratio Marketing Mortgages Days on market 466

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

FHA loan 450

FHA loan Debt-to-income ratio Inspection Finance 450

Housing Wire

MARCH 22, 2023

HousingWire: How is today’s market shaping the need for a better customer experience particularly when it comes to closings? We’ve seen savings of up to 30% in difficult markets like Texas and Florida. In addition to finalizing a loan, there’s selecting movers, setting up utilities and more.

Debt-to-income ratio 410

Debt-to-income ratio Closing Loans Closing costs 410

Housing Wire

SEPTEMBER 17, 2024

. “There’s been an explosion in high-DTI lending since I left FHFA,” he said, pointing to the fact that some Federal Housing Administration (FHA) borrowers have a 57% debt-to-income ratio. DTIs on Fannie- and Freddie-backed loans have also risen, he said. “What we saw during COVID was the No.

Debt-to-income ratio 407

Debt-to-income ratio Loans Lending Finance 407

Housing Wire

APRIL 7, 2021

A homebuyer’s guide to a competitive housing market. And unfortunately, prices are only going to continue to rise as the housing market remains strong. Your Income Is Stable. A stable income means you’re more likely to be approved for a loan , than someone with an unstable income. How are your finances?

Debt-to-income ratio 450

Debt-to-income ratio Fixed-rate mortgage Finance Loans 450

Housing Wire

SEPTEMBER 27, 2023

And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday. The CFPB report shows that the median total loan costs for home purchases was $5,952 in 2022, up 21.8% in 2022, up from 8.3%

Debt-to-income ratio 431

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 431

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. HousingWire: What factors are contributing to borrowers falling out of the Agency market?

Debt-to-income ratio 429

Debt-to-income ratio Mortgages Banks Equity 429

Housing Wire

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Those loans are going to be 20 points underwater, for the 3% to 3.5%

Loans 384

Loans Debt-to-income ratio Banks Mortgages 384

Housing Wire

DECEMBER 13, 2024

The decline was sharper for refinances when compared with purchase loans, according to the report. Most of the refinance originations left in the market were a small number of cash-out refinance loans. Despite rising rates that fueled this increase, debt-to-income ratios did not see a significant change in the same period.

Debt-to-income ratio 370

Debt-to-income ratio Mortgages Fixed-rate mortgage Loans 370

Housing Wire

JANUARY 25, 2021

million mortgage originations between 2012 and 2018 from Freddie Mac’ s Single-Family Loan-Level dataset, Haus found that the sweet spot for rates is typically in January, when mortgage originations also typically slump. An updated market outlook from Zillow expects seasonally adjusted home values to increase by 3.7% Analyzing over 8.5

Debt-to-income ratio 527

Debt-to-income ratio Mortgages Loans Finance 527

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 That’s a strong start for a new issuer. “A KBRA seems to think so as well.

Marketing 382

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Housing Wire

JUNE 4, 2021

In this market where homes are selling like hot potatoes, it might seem like everyone can afford to buy a house, but that’s not true. And it doesn’t help that we’re living in a seller’s market where prices keep going up. A homebuyer’s guide to a competitive housing market. Step 2: Look At Different Loan Options.

Debt-to-income ratio 450

Debt-to-income ratio FHA loan Loans Land 450

Housing Wire

JANUARY 21, 2022

Digital mortgage platform MAXEX , backed by investment from financial-services giant JPMorgan , sees a bright future in the ESG market. Originator interest in the Opportunity and Sustainable programs helped ESG loans make up 26% of loan volume traded through the exchange in November. “As Roelof Slump, managing director of U.S.

Marketing 397

Marketing Debt-to-income ratio Loans Investor 397

Housing Wire

APRIL 24, 2024

So, start making money on every loan. Amid a challenging environment, Freedom has kept its cost structure low and has acquired loans to increase its servicing portfolio. According to Middleman, Freedom’s strategy allows the company to have a 30 basis-point cost to produce a loan. Guess what?

Debt-to-income ratio 432

Debt-to-income ratio Mortgages Loans Finance 432

Housing Wire

FEBRUARY 1, 2022

The recent offering , CAS Series 2022-R02, involves transferring loan-portfolio risk to private investors via a $1.2 billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3 trillion in single-family mortgage loans, measured at the time of the transaction. billion.

Debt-to-income ratio 370

Debt-to-income ratio Investor Loans Principal 370

Housing Wire

MARCH 15, 2023

Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

Debt-to-income ratio 397

Debt-to-income ratio Loans Mortgages Industrial 397

Housing Wire

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. The hiring trend at non-QM lenders stands in sharp contrast to recent layoffs at some consumer-direct lenders, which specialize in conventional refinance loans. trillion in 2022.

Debt-to-income ratio 406

Debt-to-income ratio Lending Loans Loan Officer 406

Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. HousingWire: What is the current home insurance market like? In 2022, property and casualty insurers recorded a combined ratio of 102.4%

Marketing 370

Marketing Debt-to-income ratio Loan Officer Mortgages 370

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio 409

Debt-to-income ratio Mortgages VA loan Loans 409

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Source: AEI Housing Center, www.AEI.org/housing.

Debt-to-income ratio 421

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 421

Housing Wire

NOVEMBER 2, 2023

The move is part of a legal battle that started in September 2021 when Richards filed a lawsuit alleging the lender closed thousands of loans without proper documentation to boost its performance ahead of its initial public offering (IPO) on the New York Stock Exchange. But “instead, Richards crumbled.”

Debt-to-income ratio 409

Debt-to-income ratio Loans Mortgages Technology 409

Housing Wire

JUNE 29, 2022

As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. For years, the dominant market narrative defining these generations has been digital-first experiences and poor financial habits. Creative paths to homeownership in a challenging market.

Debt-to-income ratio 432

Debt-to-income ratio Loan Officer Loans Mortgages 432