Housing Wire

MARCH 30, 2021

Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. By effectively using credit report technology, lenders can help borrowers who were previously declined. Technology can enable lenders to educate borrowers.

Pre-qualification 451

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 451

Housing Wire

SEPTEMBER 11, 2023

Through the Guaranteed Backup Contract, the homeowner receives a valid purchase offer, allowing the homeowner’s lender is able to remove the departing debt obligations from the consumer’s debt to income ratio, allowing the lender to approve the loan on the new home, prior to the closing of the sale of the current home.

Debt-to-income ratio 417

Debt-to-income ratio Purchase and sale agreement Sales Loans 417

Housing Wire

NOVEMBER 2, 2023

loanDepot claims that Richards stole confidential information, including individual loan numbers, FICO scores and debt-to-income ratios. If true, that would violate federal laws, including the Dodd-Frank Act , which requires minimum standards for all mortgage products. But “instead, Richards crumbled.”

Debt-to-income ratio 417

Debt-to-income ratio Loans Mortgages Technology 417

Housing Wire

MARCH 23, 2021

Data-driven analysis also flags questions lenders should be asking, such as whether a deposit sum came from the borrower’s assets or represents a gift from an outside source (which should be calculated in the debt-to-income ratio). There were enough significant findings to make these loans unsalable.

Lending 460

Lending Mortgages Due diligence Debt-to-income ratio 460

Housing Wire

AUGUST 23, 2023

Secondly, we are going to continue to invest in our technology and drive products, like One Day Mortgage, that are innovative and groundbreaking and drive the adoption of those products across the industry. That technology platform has helped us maintain best-in-class compliance and regulatory audits. The machine has to do all of them.

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

Inman

JULY 7, 2025

and the inventory of homes for sale is growing at an accelerating pace, ICE Mortgage Technology reports. Price softening continues to spread from the Sunbelt into the Western U.S.

Technology 165

Technology Marketing Debt-to-income ratio Mortgages 165

Housing Wire

NOVEMBER 7, 2023

Media stories about home affordability rarely cover how the GSEs allow for low down payments and higher debt-to-income ratios. And when lenders — not headlines — explain cash-to-close and monthly all-in costs relative to incomes, the lights go on for borrowers.

Debt-to-income ratio 417

Debt-to-income ratio Mortgages VA loan Loans 417

Housing Wire

MARCH 20, 2024

With the advancements in technology, finding homes online has become easy and straightforward. Many are already shouldering the burdens of high debt-to-income ratios, mortgage insurance premiums, and elevated interest rates to secure a foothold in homeownership. For these buyers, every dollar matters.

Debt-to-income ratio 488

Debt-to-income ratio Agents Equity Closing costs 488

Housing Wire

AUGUST 27, 2021

Technology and scoring takes color out of the decision-making process. This rule remains in effect today. This 2 of 3 factor rule will clearly have a greater impact on first-time home buyers and minorities who are more likely to hit at least two of these caps at higher rates than white non-Hispanic borrowers.

Purchase and sale agreement 430

Purchase and sale agreement Debt-to-income ratio Pre-approval Loans 430

Housing Wire

AUGUST 26, 2024

Mr. Cooper must maintain high retention rates to drive more business, an achievement that requires investment in technology and product development. Middleman pointed to average loan-to-value ratios of 50%, average debt-to-income ratios in the low 40% range, and credit scores in the low 700s as indicators of an “extraordinary” credit.

Mortgages 440

Mortgages Banks Debt-to-income ratio Loans 440

Housing Wire

MARCH 10, 2023

said Peter Silberstein, chief capital officer, at Unlock Technologies , a fintech operating in the shared home-equity investment space. And we have more of an asset-based underwriting not focused on debt-to-income ratios.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

GeekEstate

JUNE 26, 2022

Landis leverages data to create customized financial plans for our clients so that they can save more money, improve their debt-to-income ratio, increase their credit score, and build a stronger financial foundation. We’ve made major investments in our technology and coaching capabilities over the last six months.

Debt-to-income ratio 124

Debt-to-income ratio Technology Loan Officer Banks 124

GeekEstate

JUNE 21, 2022

Fraction can help homeowners reduce how much they spend monthly paying down their debt. We have, on average, helped homeowners reduce their debt to income ratio (the amount you spend monthly paying back debt) by up to 50% on average simply by removing monthly payments.

Debt-to-income ratio 124

Debt-to-income ratio Finance Equity Mortgages 124

McKissock

JUNE 15, 2021

Millennials have unfavorable debt to income ratios. The median income for Millennials in the United States who have year­-round, full­-time employment is $33,883. Millennials rely heavily on technology. explores the impact of technology on Millennials in more detail. The US Census Bureau reported that 44.2%

Debt-to-income ratio 95

Debt-to-income ratio Technology As-is Agents 95

The Close

JULY 1, 2025

FHA mortgage loan Conventional mortgage loan Credit score 500 620 Income required (debt-to-income ratio) 50% 36% to 45% Minimum down payment 3.5% Income requirements When it comes to income, FHA lenders will generally allow a maximum of a 50% debt-to-income ratio (DTI).

FHA loan 40

FHA loan Loans Debt-to-income ratio Purchase and sale agreement 40

Realty Biz

JULY 23, 2023

Overcoming challenges in the mortgage process requires addressing higher interest rates, documenting income, and navigating common hurdles. Recent changes and technological advancements are shaping the lending landscape. These factors include the length of self-employment, consistency of income, and documentation of tax returns.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

Marco Santarelli

MAY 9, 2025

So many people I know have tens of thousands, even hundreds of thousands, of dollars in student loan debt. This makes it harder to save for a down payment and can also affect your ability to qualify for a mortgage because it increases your debt-to-income ratio. This wasn't as big of an issue 50 years ago.

Debt-to-income ratio 52

Debt-to-income ratio Loans FHA loan Mortgages 52

Marco Santarelli

OCTOBER 14, 2023

This was a period of stable economic growth and low inflation, supported by technological innovations, productivity gains, trade liberalization, and fiscal consolidation. Lenders assess borrowers' creditworthiness based on their income, assets, debts, credit history, and other factors. by the end of the decade.

Debt-to-income ratio 88

Debt-to-income ratio Mortgages Fixed-rate mortgage Construction 88

HomeLight

MAY 19, 2022

According to the Solar Energy Technologies Office , location is important for your solar panels to be the most effective. As solar technology advances, efficiency improves and the cost decreases. Factors that can influence how much value you get from your solar panels include: Your home’s location. The age of the system.

Purchase and sale agreement 122

Purchase and sale agreement Debt-to-income ratio Finance Loans 122

Realty Biz

JANUARY 19, 2024

Many first-time home buyers have low credit scores and need help with high debt-to-income ratios. Consider your monthly income, expenses, and debt-to-income ratio when setting a budget for your new home. Utilize online real estate tools to streamline your home search and make it more efficient.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Marco Santarelli

APRIL 28, 2023

This change would add an upfront fee for borrowers with a debt-to-income ratio (DTI) above 40%. Many lenders have already invested heavily in their systems to comply with the previous pricing structure, and the new changes could require additional investments in technology and personnel.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

RIS Media

OCTOBER 2, 2020

Banks and online lenders may have more advanced technology, including mobile apps, than credit unions. . Credit unions tend to hold onto loans to generate long-term income, rather than selling them to collect a one-time fee. Credit unions have fewer locations than banks, while online lenders have no physical branches. . Loan Servicer.

Banks 55

Banks Debt-to-income ratio Mortgages Loans 55

HomeLight

JUNE 28, 2023

Lenders will verify your income, check your credit, and calculate what’s called your debt-to-income ratio (your monthly debt payments divided by your gross monthly income ) to determine whether you qualify for a mortgage, and if so, how big of a loan you qualify for.

Debt-to-income ratio 98

Debt-to-income ratio Equity As-is Staging 98

Marco Santarelli

JULY 20, 2024

Factors contributing to this issue include: Rapid home price appreciation outpacing wage growth Limited housing inventory, particularly in desirable urban areas Rising construction costs Increased competition from investors and cash buyers Down Payment and Credit Requirements Many potential homebuyers struggle with: Saving for a substantial down payment (..)

Debt-to-income ratio 52

Debt-to-income ratio VA loan FHA loan Lending 52

Redfin

JULY 11, 2023

These may include proof of income, bank statements, employment verification, credit history, and debt information. Technological advancements have greatly simplified the document submission process for borrowers in the mortgage industry,” shares Ron Haddad Lending Team.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

HomeLight

JULY 14, 2021

The interest you pay for a 401(k) loan is usually much less than for a consumer loan, but buyers should keep in mind that it also adds another monthly payment, which can affect debt-to-income ratios when qualifying for a mortgage. Fintech platforms.

Banks 105

Banks Debt-to-income ratio Loans FHA loan 105

Broke Agent Media

MARCH 28, 2023

97% of all buyers consider honesty and integrity as very important in an agent, compared to 48% who consider “skills with technology” as very important. Debt delayed home purchases the longest for Older Millennial and Gen X buyers, at a median of 5 years.

Agents 98

Agents Debt-to-income ratio Finance As-is 98

Marco Santarelli

AUGUST 18, 2024

Economic Factors: Los Angeles boasts a thriving economy with a high concentration of high-paying industries, such as entertainment, technology, and finance. Unveiling the Minimum Qualifying Income According to C.A.R.' These sought-after areas command premium prices, reflecting the high value placed on lifestyle and convenience.

Debt-to-income ratio 59

Debt-to-income ratio Marketing Closing costs Loans 59

Redfin

AUGUST 3, 2022

Here are the steps to determine how much house you can afford: First, determine your debt to income ratio (DTI). This is your monthly expenses versus your cash intake or the bills you pay divided by your gross monthly income. Debts include recurring bills, such as car payments, daycare payments, and student loans.

Purchase and sale agreement 76

Purchase and sale agreement Pre-approval Title Debt-to-income ratio 76

Lab Coat Agents

MAY 1, 2024

While there are military service requirements to originate a new VA loan, almost any buyer can take over an existing VA loan if they meet the lender’s financial qualifications, such as: Sufficient income Good debt-to-income ratio Decent credit score Required down payment funds (which could be substantial if the seller has significant equity) (..)

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Redfin

JUNE 14, 2023

The city is also a hotbed for technology and research, with the Research Triangle Park (RTP) nearby, attracting top-notch companies and fostering innovation. Moving to Raleigh , you’ll be surrounded by numerous museums, such as the North Carolina Museum of Natural Sciences, the North Carolina Museum of Art, and the Marbles Kids Museum.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

Housing Wire

DECEMBER 31, 2020

Due to charter limits and credit policy, GSE-eligible mortgages are homogeneous, providing little room for product differentiation other than through changes in key risk attributes such as credit score, loan-to-value or debt-to-income ratio or loan documentation, among others.

Debt-to-income ratio 475

Debt-to-income ratio Finance Banks Mortgages 475

Housing Wire

DECEMBER 4, 2024

Certain borrower groups are especially vulnerable, including those with lower credit scores , higher debt-to-income ratios and those who opted for more affordable loan products. ICE Mortgage Technology reported a national delinquency rate of 3.48% in September, up from 3.29% a year earlier.

VA loan 298

VA loan Mortgages Debt-to-income ratio FHA loan 298

RIS Media

MARCH 10, 2022

If some of the mortgage lenders move away from just principal, interest taxes and insurance as part of the debt-to-income ratio , and instead start to look at what energy and transportation costs are, and include that in the valuation for the debt-to-income, that will be a huge driver for the market.

Debt-to-income ratio 98

Debt-to-income ratio Residential Industrial Principal 98

HomeLight

MARCH 17, 2021

While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI. The lender wants to be sure you can pay back the mortgage plus any other debts you owe, so the bank will calculate your DTI. You need an idea of how much house you can afford.

Pre-approval 98

Pre-approval Purchase and sale agreement Title Closing 98

Marco Santarelli

APRIL 30, 2021

Life moves very quickly these days, and technology is only increasing this rapid rate of change. Also, keep in mind that buying a primary residence first and incurring tremendous debt could prevent you from qualifying for investment property thereafter. Doing Things Simply Because “That’s the way I have always done them”.

Investor 111

Investor Residential Finance As-is 111

Housing Wire

DECEMBER 7, 2020

Chief among these is how to operationalize the advanceable feature of the credit, which is akin to asking the IRS to deliver individual tax refund checks to tax filers on a date of their choosing, relying on obsolete technology and inadequate staff resources. Now is the time to double down on diversity and inclusion efforts.

FHA loan 498

FHA loan Debt-to-income ratio Loans Equity 498