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 mortgages were originated at interest rates of 3% or less, and rates now are more than 3 percentage points higher.

Loans 378

Loans Debt-to-income ratio Banks Mortgages 378

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

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 372

Loans Debt-to-income ratio Mortgages As-is 372

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 376

Debt-to-income ratio Closing Loans Closing costs 376

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.

Debt-to-income ratio 393

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 393

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? Two key trends have emerged in this landscape. Across the U.S.,

Debt-to-income ratio 355

Debt-to-income ratio Marketing Mortgages Loan Officer 355

Housing Wire

MAY 3, 2023

In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgages 376

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 376

Housing Wire

SEPTEMBER 10, 2020

and co-leader of the law firm’s mortgage practice group, to talk about regulatory proposals being considered by the Consumer Financial Protection Bureau. Q: What developments at the CFPB should the mortgage industry be watching? A: Probably among them is the Ability to Repay, Qualified Mortgage proposals.

Debt-to-income ratio 318

Debt-to-income ratio Loans Mortgages Industrial 318

Realty Biz

FEBRUARY 22, 2024

Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for a mortgage. 5 Steps for a Pre-Approval for a Home Loan Do a Free Credit Score Check. Calculate the Debt-to-Income Ratio.

Pre-approval 82

Pre-approval Debt-to-income ratio Loans Banks 82

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

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. 31, 2022. But “instead, Richards crumbled.”

Debt-to-income ratio 362

Debt-to-income ratio Loans Mortgages Closing 362

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ). I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

Equity 361

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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. UWM is riding that wave.

Marketing 318

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Housing Wire

APRIL 7, 2021

In fact, depending on where you live, your monthly rent could be more expensive than your monthly mortgage. A homebuyer’s guide to a competitive housing market. A homebuyer’s guide to a competitive housing market. 3 underrated mortgage products to consider. Your Income Is Stable. Yes, seriously.).

Debt-to-income ratio 450

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

HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. What is a bridge loan, in simple words? How does a bridge loan work in Connecticut?

Equity 102

Equity Debt-to-income ratio Loans Home sale contingency 102

Realtor.com

NOVEMBER 28, 2022

designer491/iStock FHA loans, which are insured by the Federal Housing Administration, help home buyers secure financing to buy a home despite their low income, lack of savings, or poor credit scores—the kind of things that often prevent people from getting a conventional loan. You’ll have to pay mortgage insurance.

FHA loan 98

FHA loan Debt-to-income ratio Loans Loan Officer 98

Realty Biz

APRIL 8, 2022

Physician mortgage loans are a particular loan class exclusively available for physicians and medical residents. A few factors can make home loans more difficult than you would expect for a person who works as a doctor. So, let’s look at three of those major problems you can solve by opting for physician mortgage loans.

Debt-to-income ratio 88

Debt-to-income ratio Loans Mortgages Closing costs 88

Housing Wire

APRIL 4, 2022

Text sign showing hand written words FHA Home loan. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

FHA loan 365

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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 419

Debt-to-income ratio Loan Officer Loans Mortgages 419

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

HomeLight

OCTOBER 25, 2023

Enter the bridge loan: a timely financial lifeline that lets you buy your new home before selling your old one. We’ll delve into the mechanics, pros, cons, and alternatives to bridge loans, ensuring you have all the tools you need to make the best decision for your unique situation. What is a bridge loan, in simple words?

Equity 105

Equity Loans Debt-to-income ratio Closing costs 105

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said.

Debt-to-income ratio 360

Debt-to-income ratio Technology Mortgages Pre-approval 360

Housing Wire

JANUARY 14, 2022

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Riches in the niches. trillion in 2022.

Debt-to-income ratio 337

Debt-to-income ratio Lending Loans Loan Officer 337

HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan. What is a bridge loan, in simple words?

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. However, there’s one financial tool you probably haven’t considered – a bridge loan. What is a bridge loan, in simple words?

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 7, 2023

The balance of timing and funds becomes even more precarious when faced with a competitive housing market where inventory is scarce and prices seem to keep climbing. Enter the bridge loan, a financial tool designed to bridge this very gap. Enter the bridge loan, a financial tool designed to bridge this very gap.

Equity 107

Equity Loans Debt-to-income ratio Home sale contingency 107

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

Debt-to-income ratio 353

Debt-to-income ratio Equity Pre-approval Finance 353

HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. But there’s another option that you probably haven’t considered: a bridge loan. If you need assistance navigating the use of a bridge loan in Miami, HomeLight encourages you to reach out to your own advisor.

Equity 110

Equity Loans Debt-to-income ratio Home sale contingency 110

HomeLight

DECEMBER 29, 2023

This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. However, there’s a solution that you may not have considered: a bridge loan. If you need assistance navigating the use of a bridge loan in Dallas, HomeLight encourages you to reach out to your own advisor.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

Realty Biz

MARCH 12, 2023

A real estate underwriter plays a critical role in the mortgage industry by evaluating loan applications and assessing real estate investment-associated risks. They work for lending institutions, such as banks and mortgage companies. Once they structure the loan terms, they present them to the borrower for review and approval.

Debt-to-income ratio 107

Debt-to-income ratio Mortgages FHA loan Loans 107

Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

Pre-approval 94

Pre-approval Debt-to-income ratio Mortgages Loans 94

HomeLight

JANUARY 30, 2024

Navigating the real estate market in Denver can feel like a high-wire act, especially when juggling selling your current home with purchasing a new one. This balancing act becomes even more challenging in a market with low inventory and high prices. But a potential solution to this buy-sell conundrum is a bridge loan.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

DECEMBER 15, 2023

With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. Enter the bridge loan. If you need assistance navigating the use of a bridge loan in Austin, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words?

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

DECEMBER 14, 2023

You might think your only choice is to sell your home, move out, and then scramble to find a new one, but there’s an alternative you likely haven’t considered — a bridge loan. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one. What is a bridge loan, in simple words?

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. But there’s an alternative you probably haven’t considered — a bridge loan. If you need assistance navigating the use of a bridge loan in San Diego, HomeLight encourages you to reach out to your own advisor.

Equity 113

Equity Loans Debt-to-income ratio Home sale contingency 113

HomeLight

DECEMBER 7, 2023

Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. Enter the bridge loan – a short-term financing option. If you need assistance navigating the use of a bridge loan in Washington, D.C., What is a bridge loan, in simple words?

Equity 107

Equity Loans Home sale contingency Debt-to-income ratio 107

HomeLight

NOVEMBER 30, 2023

This becomes particularly challenging in a market where homes are scarce, and prices are high. Enter the bridge loan. If you need assistance navigating the use of a bridge loan in Missouri, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words?

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108