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 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

Mortgages 473

Mortgages Loans Principal Development 473

Housing Wire

MAY 28, 2021

Computershare Loan Services (CLS) is one of the highest-rated servicers in the US. With deep roots in default servicing, Specialized Loan Servicing (SLS), part of the Computershare Group, helps clients mitigate a rise in foreclosures with contact strategies that meet borrowers where they are. “Times are changing.

Principal 432

Principal Loans Investor Mortgages 432

Housing Wire

MARCH 1, 2023

The Federal Housing Finance Agency (FHFA) issued a request for information in January 2021 focused on Climate and Natural Disaster Risk Management at Fannie Mae , Freddie Mac, and the Federal Home Loan Banks. property inspections) allowing them to restart their origination pipelines much sooner and continue to close loans without delay.

Industrial 384

Industrial Banks Loans Design 384

Housing Wire

JANUARY 28, 2022

While the taxonomy is meant to provide clarity on the rules of the road for servicers, the groups said it seems designed for loan origination reviews. 28, FHA released its draft defect taxonomy for loan servicing, the agency’s method of identifying loan-level defects and remedying them.

Principal 397

Principal Loans Lending Banks 397

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Banks 384

Banks Bankruptcy Loans Investor 384

Housing Wire

MARCH 3, 2022

” Forbearance allows homeowners to defer mortgage loan monthly payments due to financial hardships, remaining in their homes. Critically, during the pandemic, a share of borrowers in forbearance kept paying their mortgage loans monthly. of its serviced loans were in forbearance as of Dec. As of December 31, 1.3%

Principal 370

Principal Loans Lending Finance 370

Realty Biz

SEPTEMBER 27, 2023

Your payment goes to principal and interest each month following an amortization schedule. A monthly mortgage payment includes principal, interest, and other fees such as property tax and private mortgage insurance (PMI). This is called amortization — a process of breaking down loan payments over time. What is amortization?

Principal 114

Principal Staging Loans Equity 114

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. There is no exception,” it added.

Lending 421

Lending Principal Technology Mortgages 421

Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. The money can be used for mortgage payment assistance or mortgage principal or interest rate reductions. He is afraid of losing his home. Up to the task? billion at its peak in February 2021.

Pre-approval 397

Pre-approval Loans Mortgages Principal 397

Housing Wire

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums. FHA foreclosures’ glacial rise.

FHA loan 284

FHA loan Loans Principal Mortgages 284

Housing Wire

FEBRUARY 8, 2022

We service their loans. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge. When the pandemic hit, and they put their loan into forbearance, it was quite easy. For example, with Federal Housing Administration ( FHA ) loans, 1.5

Loans 370

Loans Pre-approval Mortgages Principal 370

Housing Wire

SEPTEMBER 30, 2020

The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster. Origence designed its platform with the ability to continually transform and stand the test of time. Andrew Weiss, Vice Principal of Platform Strategy.

Lending 221

Lending Mortgages Technology Loan Officer 221

HomeLight

DECEMBER 8, 2023

Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan. An assumable mortgage is a type of home loan transaction that allows a new buyer to take over the seller’s existing mortgage. Why would I let a buyer assume my loan?

VA loan 113

VA loan FHA loan Mortgages Loans 113

Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. And in July, it announced its formal launch of Orchard Home Loans. They can work with any lender of their choice, including Orchard Home Loans.

Title 351

Title Branding Principal Loans 351

RIS Media

JUNE 30, 2021

If you have room in your budget, making extra payments can help you pay off your loan early. If you pay more than the minimum required, you will lower your principal balance faster, build equity at a quicker rate and pay off your mortgage ahead of schedule. What Are the Benefits of Making Extra Mortgage Payments?

Mortgages 94

Mortgages Principal Loans Equity 94

Housing Wire

JULY 7, 2021

The sale is expected to reduce Mr. Cooper’s overall servicing portfolio by $16 billion in unpaid principal balance (UPB), and will also decrease its balance sheet by approximately $5 billion in Home Equity Conversion Mortgage (HECM) servicing rights (MSRs) and other unspecified assets.

Sales 397

Sales Mortgages Branding Principal 397

Calculated Risk Real Estate

JULY 13, 2023

This shows the surge in the percent of loans under 3%, and also under 4%, starting in early 2020 as mortgage rates declined sharply during the pandemic. of loans are under 3%, 61.3% The percent of outstanding loans under 4% peaked in Q1 2022 at 65.3%, and the percent under 5% peaked at 85.6%. Currently 23.3% are under 5%.

Principal 97

Principal Marketing Mortgages Loans 97

Broke Agent Media

APRIL 11, 2023

With the new filter, buyers can now search based on monthly payments—including principal and interest, with estimates for insurance costs, taxes, and HOA fees also factored in. Buyers can start the process by using Zillow’s affordability calculator to determine the monthly payment they can afford.

Principal 98

Principal Mortgages Finance Loans 98

HomeLight

JUNE 30, 2021

With the help of HomeLight Home Loans expert Richie Helali, we’re going to review everything that goes into a mortgage payment (and what doesn’t!). Ah, if only it were as simple as dividing the purchase price by the length of your loan term and calling it a day… Here’s what you need to be aware of when calculating a mortgage payment.

Mortgages 62

Mortgages Principal Loans Homeowner’s association 62

Housing Wire

APRIL 24, 2024

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

Principal 432

Principal Due diligence Lending Title 432

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans.

VA loan 421

VA loan Principal Loans Residential 421

Housing Wire

FEBRUARY 1, 2024

“Higher death termination caused by the COVID-19 pandemic was in the data and led to different age composition of the active loan,” the report read. “We We leave this to future research to identify the impact of the COVID-19 pandemic on the composition of surviving loans. in 2009 to about 12-14% during Fiscal Years 2010 through 2014.

Mortgages 410

Mortgages Principal Loans Equity 410

Broke Agent Media

FEBRUARY 22, 2023

The mortgage insurance premium is the fee homeowners with FHA loans pay every month—in addition to their monthly principal and interest payments—to insure their mortgages. FHA-insured mortgages, designed to help many home buyers who would typically be excluded from conventional mortgages, accounted for 7.5%

Mortgages 98

Mortgages FHA loan Principal Loans 98

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Jeff also holds the SRA and AI-RRS designation with the Appraisal Institute.

VA loan 85

VA loan Principal Development Title 85

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. What is a mortgage? How does a mortgage work? What are closing costs?

Pre-approval 59

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

HomeLight

AUGUST 26, 2020

If you continue to pay $1,250, that extra $250 will go toward your principal balance, the amount still owed on your loan, which means the loan will get paid off faster. USDA Streamlined Assist Refinance Loans. VA IRRRL (interest rate reduction refinance loan). FHA Streamline Program.

Fixed-rate mortgage 144

Fixed-rate mortgage Equity Loans VA loan 144

Realty Biz

FEBRUARY 12, 2023

We talked to licensed real estate broker Christina Prostano , founder and principal agent of CP Global, who has been working the Manhattan and Brooklyn real estate markets in New York City since 2005. Additionally, there are websites designed to provide anyone interested in purchasing a foreclosed property with the opportunity to do so.

Short sale 115

Short sale Banks Staging Principal 115

RIS Media

SEPTEMBER 21, 2021

While still serving in the military, Jackson earned his license as a loan officer in 2006 and shortly after opened Paradigm Institute Loan Officer and Mortgage Broker Training School. Woyak has been a principal broker for many years, leading small and large brokerages, and teaching thousands of agents across the state of Idaho.

Loan Officer 97

Loan Officer New Construction Brokerage Principal 97

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Jeff also holds the SRA and AI-RRS designation with the Appraisal Institute.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

DECEMBER 13, 2023

The Mortgage Bankers Association (MBA) and the National Mortgage Servicing Association (NMSA) are expressing their views on a recently revised Federal Housing Administration (FHA) loss mitigation proposal, stating that it needs additional adjustments to effectively address the challenges it is designed to tackle.

Principal 324

Principal Mortgages Design Industrial 324

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 420

Mortgages Marketing Equity Finance 420

Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 The average loan balance in the reference pool is $315,272, with the maximum balance at $1.56

Principal 421

Principal Loans Investor Mortgages 421

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

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Closing Inspection Title Due diligence 98

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 of the loans; Rocket Mortgage , 8.1%; Wells Fargo , 6.6%

Principal 370

Principal Loans Investor Mortgages 370

Housing Wire

JULY 22, 2022

Since the CIRT program ’s inception in 2013 to date, Fannie Mae has acquired some $21 billion in insurance coverage on a total of $709 billion of single-family loans, Fannie Mae states in the announcement of the latest CIRT deals. “We billion loan pool. billion loan pool. billion loan pool.

Fixed-rate mortgage 370

Fixed-rate mortgage Principal Loans Mortgages 370