Housing Wire

JUNE 10, 2025

Reverse mortgage lender and servicer Longbridge Financial , a no. 2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers.

Equity

Housing Wire

DECEMBER 9, 2024

Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6 million in new funding under the Indian Community Development Block Grant (ICDBG) program, adding up to $2 million to 38 individual community recipients to bolster housing development , expansion and preservation.

Principal

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. The number of mortgage brokers approved to do business with PennyMac at the end of last year topped 4,850 an uptick of 19% from the end of 2023, the company shared. “[PennyMac] is well-rounded.

Marketing

Housing Wire

MARCH 7, 2025

Department of Housing and Urban Development (HUD) is considering employing cryptocurrency and blockchain technology to monitor the employment of agency grants, which some staffers believe could be a trial run for wider deployment of the technology across the federal government. This is according to a report published Friday by ProPublica.

Technology

Housing Wire

JULY 1, 2025

Now in its 16th year, the award honors leaders across mortgage, real estate and fintech who are making a measurable impact on their organizations and the broader housing economy. This year’s honorees include mentors, innovators, and community leaders.

Title

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal

Housing Wire

APRIL 3, 2025

A lawsuit over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender has been brought to an end with a summary judgment, but the plaintiffs in the case have vowed to appeal the decision. Congress granted extinguishment power over mortgages, he wrote. It chose mortgages.

Banks

Housing Wire

APRIL 24, 2025

The HECM Tool a software platform designed to serve as a reverse mortgage sales conversion tool announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platforms existing visualization and comparison capabilities.

Mortgages

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. “The Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement

Housing Wire

APRIL 1, 2025

These standout professionals all 40 years old or younger are driving innovation, transforming their organizations, and shaping the future of real estate, mortgage, and fintech. Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry.

Lending

Marco Santarelli

DECEMBER 12, 2024

In a significant development for potential homebuyers and those considering refinancing, todays mortgage rates fall again , with the average rates dropping across all major loan categories. The 30-year fixed mortgage rate currently sits at 6.73% , down 6 basis points from last week. for principal and interest.

Mortgages

The Residential Specialist

MAY 12, 2025

By Pat Zaby For many buyers, the mortgage ratesof the last few years created an expectation that anything above 5% feels too high. The Mortgage Rate Affordability Index (MRAI) is a simple yet powerful way to compare todays rates to long-term historical norms and focus on why homeownership remains a smart financial move.

Mortgages

Marco Santarelli

DECEMBER 7, 2024

In a significant development for the housing market, today's mortgage rates dopped after the jobs report , reflecting a pivotal shift in the borrowing landscape. For the second consecutive week, mortgage rates have decreased, reaching their lowest levels since October. The data indicates other positive trends.

Mortgages

The Close

NOVEMBER 7, 2024

Crowdfunding: Real estate crowdfunding is when investors pool resources and invest in projects such as new developments or acquisitions. You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest.

Hard money loan

Housing Wire

JANUARY 10, 2025

Incenter Lender Services , a group of companies that help nonbank and depository mortgage lenders nationwide, announced this week the hiring of two new vice presidents. I develop, direct, and provide strategic vision for sales and marketing plans for mortgage products and services,” according to her bio.

Principal

Marco Santarelli

APRIL 22, 2025

As of April 22, 2025, mortgage rates are showing a mixed bag of increases and decreases depending on the type of mortgage. The 30-year fixed mortgage rate has risen slightly to 6.81% , whereas the 20-year fixed rate has decreased to 6.63% , and the 15-year fixed rate currently stands at 6.10%.

Mortgages

Housing Wire

OCTOBER 31, 2024

He is overseeing the sizable government portfolio of mortgage-backed securities (MBS) while navigating the company’s stated need for more budgetary resources. Department of Housing and Urban Development (HUD) and the Office of Management and Budget (OMB), and recent budget cycles have shown Congress’s support as well.

Principal

Marco Santarelli

APRIL 17, 2025

On April 17, 2025, mortgage rates have slightly decreased for the third consecutive day, providing some relief for prospective homebuyers and refinancers amid ongoing economic uncertainties. The current average 30-year fixed mortgage rate stands at 6.74% , whereas the 15-year fixed is at 6.06%. Why Are Rates Falling Now?

Mortgages

Marco Santarelli

AUGUST 1, 2025

Are you dreaming of owning a home but getting bogged down by the complexities of mortgage rates ? As of Thursady, the states boasting the cheapest 30-year new purchase mortgage rates are New Jersey, New York, California, North Carolina, Georgia, Maine, Texas, and Wisconsin , with averages hovering between 6.78% and 6.83%.

Mortgages

Marco Santarelli

MAY 20, 2025

If you're eyeing a new home or considering refinancing, you're probably wondering about mortgage rate predictions for this week, May 19-25, 2025. Based on current trends and expert analysis, expect mortgage rates to hover above 6.5%. Currently, the average rate for a 30-year fixed mortgage is approximately 6.9% ” ( CNET ).

Mortgages

Marco Santarelli

APRIL 5, 2025

Mortgage rates today stand around 6.40% for a 30-year fixed mortgage, indicating a slight decline compared to previous months. This drop in mortgage rates comes as market analysts increase their predictions of a potential recession driven by tariffs imposed earlier this week. Understanding Mortgage Types and Their Rates 1.

Mortgages

Marco Santarelli

APRIL 5, 2025

Mortgage rates have indeed taken a dip , partly due to the ongoing trade tensions and tariffs, which is usually welcome news for anyone looking to buy a home or refinance. Mortgage rates, particularly for 30-year fixed-rate mortgages, often follow the trend of these Treasury yields. This sounds fantastic on the surface, right?

Mortgages

Marco Santarelli

JUNE 17, 2025

As of June 17, 2025, mortgage rates have remained stable, with the current average 30-year fixed mortgage rate at 6.93%. Additionally, the average 15-year fixed mortgage rate remains steady at 6.01%. In contrast, the 5-year adjustable-rate mortgage (ARM) has decreased, moving from 7.39% to 7.01 %.

Mortgages

Redfin

MARCH 5, 2025

Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. The 28/36 rule is a common mortgage budgeting guideline. For instance, the U.S.

Debt-to-income ratio

Redfin

FEBRUARY 28, 2025

Here are the key expenses: Earnest money deposit Down payment Closing costs Prepaid costs (taxes, insurance, interest) Moving costs Mortgage payments Mortgage insurance (if applicable) HOA fees (if applicable) Well use the median U.S. Mortgage interest , homeowners insurance. Mortgage interest , homeowners insurance.

Earnest money deposit

Marco Santarelli

JUNE 16, 2025

As of today, June 16, 2025, mortgage rates have unfortunately ticked up , putting a bit more pressure on potential homebuyers. The average 30-year fixed mortgage rate now sits at 6.94% , a slight increase from last week’s 6.93%. Similarly, the 15-year fixed mortgage rate has also edged higher, reaching 6.02%.

Mortgages

HomeLight

APRIL 2, 2025

As a homeowner, every mortgage payment you make is an investment in yourself. Even if only a small portion of it goes toward your principal loan balance, its typically better than paying rent. Department of Housing and Urban Development. As of this publication date, the average house price in the U.S. Census Bureau and the U.S.

Principal

Redfin

JULY 30, 2025

In this article: Understanding if you’re ready to buy a home Budgeting for your first home Finding the right mortgage Navigating the homebuying process What comes next? You haven’t held a mortgage in three years. Job security: Stable employment and income are key indicators for lenders when qualifying for a mortgage.

Pre-approval

The Living Room

MAY 5, 2025

sqft County: Multnomah Share This Post Cristen Lincoln Principal Broker | Earth Advantage | Business Development | OR She/Her Cristen has been a Portland real estate broker since 1993, giving her an exceptional understanding of the industry and the local market. Should I wait until mortgage rates drop before I buy?

Principal

Marco Santarelli

AUGUST 6, 2025

As of August 6, 2025 , mortgage rates have dropped slightly across the board , providing a modest break for both homebuyers and those looking to refinance. Today’s rates around 6.67% for a 30-year fixed mortgage are lower than recent highs but still elevated in historical terms. Why Are Mortgage Rates Changing Now?

Mortgages

Marco Santarelli

AUGUST 3, 2025

On August 3, 2025, mortgage rates today reveal a slight drop in the average 30-year fixed mortgage rate to 6.67%, down 19 basis points from last week’s 6.86%, according to Zillow’s latest data. 15-year fixed mortgage rate rose slightly to 5.77%, showing uneven movement across loan terms. 15-Year Fixed (Mortgage) 5.77 +0.02

Mortgages

BAM Media

JANUARY 30, 2025

But he also acknowledged that persistently high mortgage ratescurrently above 7%could limit future activity. Read on for Powells comments related to housing and mortgage rates. At the same time, since your first rate cut in September, long-term mortgage rates have gone up by a full percentage point back above 7%. The good news?

Mortgages

The Living Room

MAY 19, 2025

sqft County: Multnomah Share This Post Cristen Lincoln Principal Broker | Earth Advantage | Business Development | OR She/Her Cristen has been a Portland real estate broker since 1993, giving her an exceptional understanding of the industry and the local market. Should I wait until mortgage rates drop before I buy?

Principal

Marco Santarelli

APRIL 27, 2025

Speed of Light Closings: Forget waiting 30, 45, or even 60 days for mortgage approval, appraisal, and all the hoops. Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. ” This is crucial.

Finance

Redfin

AUGUST 5, 2025

They’re related to a jumbo loan, a type of mortgage loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Government-sponsored enterprises Fannie Mae and Freddie Mac can only purchase mortgages that conform to these limits. (We’ll We’ll get into that more in a second.)

Construction

AAOA

MAY 22, 2025

DSCR (Debt Service Coverage Ratio) (can the income cover the mortgage comfortably?) The more deals you look at, the faster your instincts develop. Operating Reserves Lenders often require reserves equal to six to twelve months of principal, interest, taxes, and insurance (PITI). million, 30-unit apartment complex.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

More About Homeowner Associations (HOAs) When you purchase a condo, house, or townhouse that is part of a planned development such as leased land or a gated community, you are required to join that community’s homeowners’ association. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Mortgages