Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

Due diligence 395

Due diligence Marketing Loans Mortgages 395

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. So, it’s not just our loans supplying into this ecosystem … it could be any originator.”.

Due diligence 446

Due diligence Mortgages Equity Loans 446

Housing Wire

SEPTEMBER 13, 2022

Fitch Group , the parent of bond-rating firm Fitch Ratings , is acquiring a majority ownership stake in capital-markets fintech company dv01 — which provides data and analytics services to the structured-finance market. Terms of the deal were not disclosed.

Due diligence 361

Due diligence Marketing Finance Loans 361

Housing Wire

AUGUST 14, 2023

According to the DOJ, the United States filed a complaint alleging that UBS “defrauded investors” by making false and misleading statements to buyers of 40 RMBS issued in 2006 and 2007 relating to the characteristics of the loans. In addition, UBS knew that property values associated with the loans were unsupported, the DOJ claimed.

Due diligence 362

Due diligence Banks Loans Investor 362

Housing Wire

OCTOBER 16, 2023

AI-based compliance review (50%), AI-based anomaly detection automation (39%) and AI-based mortgage loan offerings (32%) were noted as being the most appealing AI/ML application ideas. Lenders that adopt generative AI into the mortgage lending landscape wanted to see operational efficiency , the survey showed.

Due diligence 448

Due diligence Lending Technology Mortgages 448

Housing Wire

AUGUST 25, 2021

For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth in jumbo loan volume driven by increasing home prices, there has been renewed interest in the PLS market and its future growth.

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Due diligence Marketing Investor Finance 395

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . And there’s just no way for due-diligence to really compete with that.”. And we’re actively hiring.

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Due diligence Mortgages Loans Residential 400

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

Loans 350

Loans Marketing Due diligence Residential 350

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

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Land Due diligence Title search Finance 126

Realty Biz

DECEMBER 8, 2022

Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. Here are all of the steps to consider in order to get financing for a home purchase. With a good credit history and a score that's above 700, you will more easily qualify for a loan and benefit from better rates and terms.

Loans 132

Loans Debt-to-income ratio Due diligence Title search 132

Housing Wire

APRIL 30, 2021

Because of this, originators are having to mimic technology companies instead of focusing on buying and selling, underwriting credit risk and servicing loans. “No No one system today can handle pricing across the entire life of the loan,” Soukoulis said.

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Due diligence Mortgages Technology Loans 304

Housing Wire

MAY 10, 2022

The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. Hill instructed the homebuyers on how to game the system by submitting fraudulent asset, income and employment information on loan applications.

Mortgages 395

Mortgages Marketing Loans Finance 395

Housing Wire

SEPTEMBER 29, 2023

Part of that stems from its large portfolio predominantly composed of Fannie Mae and Freddie Mac -backed loans, and aligned with Mr. Cooper’s own strengths, Bray explained. “We There were no real surprises to be found in the transaction process that were not previously identified by prior due diligence conducted by Mr. Cooper, Bray added.

Due diligence 398

Due diligence Staging Loans Mortgages 398

Realty Biz

AUGUST 30, 2021

203k FHA Loans Explained. When buying a fixer-upper, one of your primary considerations should be how you will finance the project. One of the better options is what’s known as an FHA 203k loan. It is a more relaxed type of loan since the U.S. It allows you to pay for the renovations in one loan.

FHA 203k rehab loan 137

FHA 203k rehab loan Loans Renovation Due diligence 137

Point2Homes

MAY 21, 2021

Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. For example, affording a large down payment is a challenge for many first-time buyers, but FHA loans allow you to initiate a mortgage with only 3.5% USDA Loans. USDA Loans. Renovation Loan Programs.

Loans 144

Loans VA loan FHA loan Renovation 144

HomeLight

DECEMBER 12, 2023

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. Securing the loan: During the specified period, you must obtain a mortgage that meets these terms.

Earnest money deposit 100

Earnest money deposit Mortgages Purchase and sale agreement Finance 100

Realty Biz

JANUARY 25, 2023

Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence. By doing your research and due diligence, you will be better equipped to make an informed decision about whether to purchase a property and at what price.

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Due diligence Hard money loan Property Management Finance 94

Housing Wire

JULY 27, 2021

Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand. We got the exact opposite. While all these rapid market movements were occurring, the regulatory and political landscape started to shift.

Industrial 383

Industrial Mortgages Lending Due diligence 383

Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. We paid $222,000 for the home, with a $44,400 cash down payment (20%) and financing $177,600 for 30 years. Why would a seller want this?

Finance 70

Finance Due diligence Fixed-rate mortgage Lending 70

Realty Biz

MARCH 30, 2023

Assess Your Finances As you might assume, a good place to begin is by assessing your finances. There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. Therefore, make sure you do your due diligence before signing any contracts.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Housing Wire

MAY 5, 2022

In the best-case scenario, the renter wants to buy the home, has a down payment, and qualifies for standard financing. If the renter doesn’t qualify for financing and/or doesn’t have a large down payment, you can offer seller financing. You can provide financing for a few years (you choose the terms).

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Due diligence Finance Principal Sales 370

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

Technology 417

Technology Due diligence Development Loan Officer 417

Realty Biz

NOVEMBER 14, 2023

They can have a competitive advantage over those who rely solely on financing. Yet, careful due diligence is essential to understand these properties' potential risks and costs well. Conservative Financing During a market correction, lenders may become more risk-averse. Be cautious with your financing decisions.

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Due diligence Marketing Investor Finance 91

HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

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Purchase and sale agreement Earnest money deposit Option period Due diligence 106

Realty Biz

JUNE 20, 2023

However, it requires a sound strategy and due diligence to find the best deals. Understanding Foreclosures Foreclosure is a legal process where a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. Financing: Foreclosures can sometimes be challenging to finance.

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Due diligence Hard money loan Inspection Title 74

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. There’s no financing contingency.

Due diligence 77

Due diligence Inspection Pre-approval Pre-qualification 77

Realtor.com

AUGUST 13, 2020

This is presuming you aren’t planning to make an all-cash offer to a seller, but rather need a loan to make your goal of home buying happen. If your finances are in good shape, you can get mortgage pre-approval, which is a contract that the lender will lend you a certain amount of money. Step 2: Find your dream home.

Pre-approval 143

Pre-approval Pre-qualification Due diligence Loans 143

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

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Due diligence Earnest money deposit Investor Inspection 58

RIS Media

APRIL 18, 2022

Getting rid of the mortgage financing clause in their offer. Unless you have your financing in hand, you won’t be able to make an offer on the house. Over the life of the loan, it could translate into thousands of dollars. Now that you are able to make an offer on the house, make sure you perform some due diligence.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

Realty Biz

SEPTEMBER 26, 2021

The world of housing finance involves a lot of players, not just mortgage originators and servicers. The most significant pressure will be increased mortgage default and prepayment risks, resulting in adverse selection of the type of loans sold to GSEs. They are unprepared but no longer aware.”.

Industrial 108

Industrial Mortgages Due diligence Investor 108

Marco Santarelli

OCTOBER 16, 2023

You should always do your due diligence on the platform, the sponsor, and the deal before investing. Real estate crowdfunding is a way of investing in real estate projects without having to buy, finance, or manage properties yourself. The loans are secured by the properties and have short terms of 6 to 24 months.

Due diligence 52

Due diligence Investor Commercial Equity 52

Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. Executives with TPR firms and the bond-rating agencies that make use of their due-diligence reviews agree the problem is a big challenge.

Due diligence 380

Due diligence Mortgages Technology Loans 380

HomeLight

SEPTEMBER 30, 2020

The title’s been checked out, you can go inside the house and look at it and do all your due diligence. With the courthouse steps [auction], you literally do no due diligence.”. We also have a spreadsheet that does some assumptions, like a 30-year fixed loan and 5% [interest].” Figure out your financing.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

Realty Biz

APRIL 21, 2023

Understanding the Basics of Taxes on Assisted Living Facility Investments Before going for multifamily financing to put up an assisted living facility, you must understand the taxes related to this investment. Generally, investing in an assisted living facility will give you rental income, subject to federal and state income taxes.

Due diligence 52

Due diligence Finance Loans Closing 52

RIS Media

OCTOBER 22, 2020

Here are some tips from Zillow for how your buyers can score their dream home despite the bustling market: Financing. According to a Zillow survey, offers typically fall through because of issues with money, mortgage or financing. Due diligence for home improvements is also important, says Zillow.

Pre-qualification 97

Pre-qualification Pre-approval Due diligence Finance 97

Realty Biz

APRIL 17, 2023

Furthermore, it's also important for buyers to do their due diligence on the property before signing a contract. Due to the home inspection results, the buyer must provide written notice of their intent to terminate the contract. This is why buyers must know their rights and understand their contracts.

Earnest money deposit 66

Earnest money deposit Purchase and sale agreement Home sale contingency Title 66

Housing Wire

APRIL 24, 2024

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

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Principal Due diligence Lending Title 427