Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A A lender makes monthly payments to you based on the equity in your home, using your home as collateral.

Mortgages 382

Mortgages Equity Loans Closing 382

HomeLight

NOVEMBER 29, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

Housing Wire

APRIL 11, 2024

It will initially be made available for its home equity line of credit (HELOC) product first before being rolled out to other lending products. The DART System is pre-integrated with Figure’s origination and loan-sale services. “We Synergy One Lending is the first partner to use the platform, Figure said.

Lending 295

Lending Technology Equity Loans 295

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. It remains unclear when the FHA plans to add the 40-year loan modification option to its servicing and loss mitigation handbook.

Loans 414

Loans Industrial Mortgages Real-estate owned 414

HomeLight

NOVEMBER 30, 2023

Enter the bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What is a bridge loan, in simple words? How does a bridge loan work in Missouri?

Equity 102

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

HomeLight

DECEMBER 29, 2023

However, there’s a solution that you may not have considered: a bridge loan. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence. What is a bridge loan, in simple words? How does a bridge loan work in Dallas?

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

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 92

Equity Debt-to-income ratio Loans Home sale contingency 92

HomeLight

DECEMBER 15, 2023

However, there’s one financial tool you probably haven’t considered – a bridge loan. A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. What is a bridge loan, in simple words? How does a bridge loan work in Atlanta?

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

Housing Wire

AUGUST 31, 2022

trillion in home equity. With its innovative SaaS platform, Flueid Decision, Flueid brings robust data and analytics forward to jumpstart the loan life cycle, enhance the underwriting process and support a frictionless lender-borrower journey during one of life’s major moments. homeowners find themselves enjoying approximately $27.8

Loans 345

Loans Equity Lending Technology 345

HomeLight

NOVEMBER 30, 2023

However, a solution might fit your needs perfectly: a bridge loan. This short-term financing option is designed to help you purchase your new home in Maine before selling your old one, easing the transition and aligning the pieces of your real estate journey more smoothly. What is a bridge loan, in simple words?

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

DECEMBER 15, 2023

Enter the bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What is a bridge loan, in simple words? How does a bridge loan work in Austin?

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 17, 2023

However, there’s a strategic solution that might just fit your needs: a bridge loan. As a short-term financing option, bridge loans in Illinois offer a unique opportunity. In this post, we’ll provide insights and helpful tips about bridge loans in Illinois. What is a residential bridge loan?

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 29, 2023

Enter the bridge loan, a potential game-changer for your real estate strategy. A bridge loan is a short-term financing solution designed to bridge the gap, allowing you to purchase your new Hawaiian dream home before you’ve sold your current one. What is a bridge loan, in simple words?

Equity 90

Equity Loans Debt-to-income ratio Home sale contingency 90

HomeLight

NOVEMBER 29, 2023

However, there’s a solution that could simplify this complex situation: a bridge loan. This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one. What is a bridge loan, in simple words?

Equity 91

Equity Loans Debt-to-income ratio Home sale contingency 91

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 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 30, 2023

However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. What is a bridge loan, in simple words?

Equity 101

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

HomeLight

NOVEMBER 29, 2023

However, a strategic alternative could smoothly bridge this gap: a bridge loan. Designed as a short-term financing solution, a bridge loan enables you to purchase your new Wisconsin home before you’ve sold your current one, easing the transition and keeping you on track toward your real estate goals.

Equity 90

Equity Loans Debt-to-income ratio Home sale contingency 90

HomeLight

DECEMBER 4, 2023

But there’s a more streamlined solution that could be just what you’re looking for – a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 29, 2023

However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. In this guide, we explain the ins and outs of bridge loans in Utah and help you decide if they could be the answer to your property puzzle.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Enter the bridge loan: a timely financial lifeline that lets you buy your new home before selling your old one.

Equity 97

Equity Loans Debt-to-income ratio Closing costs 97

HomeLight

NOVEMBER 7, 2023

Enter the bridge loan, a financial tool designed to bridge this very gap. As a short-term financing solution, bridge loans empower you to leap ahead to purchase your new Oklahoma home before saying goodbye to your old one, helping you keep all the pieces in place without the interim shuffle.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 30, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 29, 2023

However, there’s a strategic solution that might just be the missing piece in this complex puzzle: a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 88

Equity Loans Home sale contingency Debt-to-income ratio 88

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Lending 352

Lending Technology Loans Equity 352

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 347

Mortgages VA loan Principal Loans 347

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. As long as the buyer complies with these ongoing loan obligations, a HECM for Purchase loan doesn’t have to be repaid until a maturity event, such as when the home is sold or is no longer considered their primary residence.

Finance 429

Finance Seller concession Loan Officer Loans 429

Housing Wire

MAY 14, 2024

The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience. ” FinLocker raised roughly $20 million in 2020 in its Series A round ( TransUnion was one of its early backers ) and $2.25

Pre-qualification 316

Pre-qualification Technology Equity Development 316

Housing Wire

JANUARY 18, 2023

Today’s housing market has many looking for ways to cash in their equity, especially older homeowners. Adrian Prieto : When it comes to leveraging the value of a home, a home equity line of credit (HELOC) is probably the most well-known option. With a HECM, there is no deadline for paying back the loan.

Equity 397

Equity Loans Mortgages Design 397

Housing Wire

OCTOBER 12, 2023

By deploying customer intelligence from Total Expert — a customer engagement platform for financial institutions — Mountain West Financial will provide automated alerts that notify its loan officers in real-time when a customer’s behavior or financial situation signals they’re a good candidate for a home loan, Total Expert said.

Loan Officer 386

Loan Officer Lending Loans Equity 386

Housing Wire

JANUARY 12, 2024

The original reporting described the amount of the loan as nearly one-fifth higher than the current $4 million limit for “HomeSafe,” the private-label product offered by FOA’s reverse mortgage division Finance of America Reverse (FAR). The company later told RMD, however, that the loan was within current product lending limits.

Mortgages 363

Mortgages Finance Lending Equity 363

Housing Wire

MARCH 8, 2024

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. NYCB, one of the largest U.S. NYCB, one of the largest U.S. in Q2 2023.

Banks 450

Banks Commercial Lending Residential 450

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgages 426

Mortgages Principal Equity Loans 426

Housing Wire

SEPTEMBER 14, 2021

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors.

Equity 177

Equity Mortgages Finance Industrial 177

Realty Biz

SEPTEMBER 19, 2023

NON-QM mortgage loans open up opportunities for a wider range of borrowers to achieve their homeownership and investment objectives. For the past six years, Stratton Equities has been at the forefront as the nation's top private money and NON-QM mortgage lender, setting the pace for other companies to follow.

Equity 84

Equity Mortgages Lending Loans 84

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 398

Equity Loans Investor Mortgages 398

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. The lender posted production of $3 billion across 8,569 loans in full year 2023.

Loan Officer 382

Loan Officer VA loan Loans Technology 382