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FHFA requires GSEs to submit annual equity plans

Housing Wire

The Federal Housing Finance Agency (FHFA) will require the government sponsored enterprises to submit annual plans to advance equity in housing finance for the next three years. The post FHFA requires GSEs to submit annual equity plans appeared first on HousingWire.

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Here are the 2021 HW Finance Leaders

Housing Wire

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. Axia Home Loans.

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Structured Finance Association backs transition to SOFR

Housing Wire

With LIBOR slated to be phased out at the end of 2021 , industry trade group Structured Finance Association sent a letter this week to New York Gov. The ARRC’s proposal has strong market support and outlines a roadmap to an orderly transition. money market.

Alt equity firm Point says it won’t abandon reverse mortgage space

Housing Wire

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. Point’s primary product offering is a home equity investment, which centers on the sale of a small fraction of a customer’s home equity, typically in the range between 5-10% of the home’s current value.

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Caliber Home Loans plans $2B-plus IPO

Housing Wire

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. The post Caliber Home Loans plans $2B-plus IPO appeared first on HousingWire.

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OJO Labs acquires personal finance platform Digs

Housing Wire

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations. It also enables OJO Labs to continue to add value for agents and loan officers by equipping them to better engage with consumers.

What Can Happen If You Fall Behind on Your Home Equity Loan Payments

RIS Media

A home equity loan can be a convenient and relatively inexpensive way to access money that you can use to pay off credit cards, make home improvements or finance a child’s college education. If you fall behind on home equity loan payments, you will be assessed late fees.

RoyaleLife CEO Robert Bull Warns of the Dangers of Early Equity Release

Realty Biz

Equity release may seem like a good strategy in the short term, but the CEO of the UK’s largest provider of bungalow living for the over 45’s warns that the practice is, for many people, not the ideal financial strategy. What Is Equity Release? The Disadvantages of Equity Release Plans.

Nonbanks are seizing a “generational opportunity” to go public. But who will actually reap the rewards?

Housing Wire

members of the Federal Reserve’ s Federal Open Market Committee discussed hiking interest rates. billion public offering, citing adverse market conditions and poor valuations for other newly public fintech companies. On Nov.

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5 Different Kinds Of Loans And Their Benefits

Realty Biz

It’s a huge commitment to take out a loan. Since loans vary in their repayment schedules and interest rates, it’s crucial to know which kinds of loans are the most ideal for you. Most loans are either unsecured or secured. Personal loan. Personal Loans.

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How To Get A Loan For Investing In Real Estate

Realty Biz

Getting a loan for your investment property can be tricky but it doesn’t have to be impossible. Read our blog for a simple guide on how to get your investment loan. Concept of loan with icons on wooden cubes. Different loans to consider. Hard money loans.

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Ask Brian: What Should I Do When Selling My Home with Little Equity?

Realty Biz

What are my options when I have little or no equity? Gil, the better term for what you are referring to is “under-equitied” meaning having less than 20% home equity. One way investors buy underwater houses is “Subject to Existing Financing.”

What Is an Interest-Only Mortgage? An Affordable Home Loan, at Least at First

Realtor.com

It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. However, the rate adjusts after a specified initial period—usually three, five, seven, or 10 years—based on market indexes.

MBA Study Finds Home Equity Lending Growth Hindered by Alternative Products and COVID-19

RIS Media

Home equity loan debt outstanding and borrower utilization rates declined in 2019, and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021. Annual originations of HE loans are forecasted to increase by 0.5 HE Loans.

It’s time for private sector to address housing discrimination

Housing Wire

A prime example is our nation’s presently booming housing market, with decades of data showing that African Americans and other minority groups have not received the same treatment as Caucasians when seeking mortgages or having their homes appraised.

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How Do Interest-Only Loans Work? A Simple Guide For Smart Buyers

HomeLight

If you’re in the market to buy a home and you’re not planning to pay cash, chances are high that you’ve either already spoken with a lender or you’re planning to do so in the near future. On a 30-year, fixed-rate loan with an interest-only period of five years, your payment would be $781.25

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Private mortgage insurance industry boomed in 2020

Housing Wire

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. Presented by: Proctor Loan Protector.

How to Get a 203k Loan in 6 Steps (And What Else to Consider As a Buyer)

HomeLight

Does the idea of buying a fixer-upper and quickly gaining thousands of dollars in equity by making minor cosmetic repairs appeal to you? If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. .

Planning a Remodel? Know Your Home Renovation Loan Options

HomeLight

But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. If you’re considering taking out a home renovation loan to spruce up a powder room or gut the kitchen, we’ve got you covered. Personal loan.

#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. She also wants to investigate whether a Vanguard Institutional 500 Index Trust and a Vanguard Institutional Total Bond Market Index Trust are ideal.

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What Is a Wraparound Loan, and Is It Right for You?

Realtor.com

One Plan B may be to get what’s known as a wraparound loan. A wraparound loan is where a home buyer takes out a loan from the home sellers, who then “wrap” this new loan around the mortgage they already owe on a home. What is a wraparound loan?

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How Tapping Home Equity Can Pay the Taxes on a Roth IRA Conversion

Realtor.com

Yet the effects of new legislation and persistent market volatility make a Roth IRA conversion worth considering, and paying for it doesn’t have to break the bank. Another option is to take out a loan against your life insurance policy.

HUD Aims to Boost Homeownership for Buyers With High Student Loans

Realtor.com

MANDEL NGAN/AFP via Getty Images WASHINGTON—The Federal Housing Administration is relaxing the way it assesses student-loan debt when weighing eligibility for homebuying assistance as the Biden administration pushes to help lower-income borrowers and narrow a racial gap in homeownership.

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FHFA announces 2021 plans to serve underserved areas

Housing Wire

The Federal Housing Finance Agency published the 2021 plans for Fannie Mae and Freddie Mac to serve the most vulnerable communities through their Duty to Serve plans.

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Fannie Mae celebrates Single-Family Green MBS milestone

Housing Wire

Fannie Mae’s Single-Family Green MBS transactions are part of our broader ESG efforts,” Arthur Johnson, vice president, single family markets at Fannie Mae, said. Fannie partnered with several lenders on the single-family initiative, including the mortgage finance arms of builders D.R.

FHFA issues Final Capital Rule for Fannie Mae, Freddie Mac

Housing Wire

The Federal Housing Finance Agency (FHFA) released its Final Capital Rule Wednesday for mortgage giants Fannie Mae and Freddie Mac as it continues to work toward ending conservatorship.

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Is a Housing Market Crash Possible in 2021?

RIS Media

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? Housing Market Crash.

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#320: Ask Paula – Thinking about Money from First Principles

Afford Anything

One is about the tax efficiencies of ETFs vs. mutual funds, while the other is about Ginny Mae funds and whether there are bond funds that have an inverse relationship with equities. Having a portfolio that drops in equities and bonds at the same time doesn’t sound appealing.

What’s a Reverse Mortgage — And Is it Right for You? These Are the Pros and Cons

HomeLight

In that time, the market has gone up and up and up — and now you have substantial equity in that property. While someone in this position might be a good candidate for a loan like this, reverse mortgages are complicated products that come with plenty of potential downsides.

Dallas Real Estate Market 2020 Overview

Norada Real Estate

The Dallas housing market has recovered from the impact of the Coronavirus pandemic. There's about a 2.7-months supply of homes for sale in Dallas County, which is well below what’s considered to be a balanced real estate market. Dallas Housing Market Prices And Trends 2020.

UpEquity raises $25M in Series A round

Housing Wire

million in equity financing and $17.5 UpEquity essentially makes free cash offers but charges interest – currently 2.5% – on the loans it provides to homeowners, who can make an offer on a house without having to go through a bank to get a mortgage.

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Will Removal of FHFA Adverse Market Refi Fee Lead to Consumer Savings?

RIS Media

The Federal Housing Finance Agency (FHFA) just gave homeowners and lenders a savings opportunity by eliminating the Adverse Market Refinance Fee. According to the agency, about 2% of GSE loans remained in forbearance in April—down from a high of 5% in May 2020.

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Austin Real Estate Market & Investment Overview 2020

Norada Real Estate

We will discuss the latest Austin real estate market trends & prices and find out how they can affect the investors and homebuyers in the latter half of 2020. The complete “AUSTIN HOUSING MARKET REPORT” is given below. . Austin Housing Market Prices, Trends & News 2020.

3 Reasons We’re Definitely Not in a Housing Bubble

Keeping Current Matters

Here are three reasons why this market is totally different. The price of any market item is determined by supply and demand. The normal months’ supply of inventory for the market is about 6 months. Anything above that defines a buyers’ market, indicating prices will soften.

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Planning to Buy a Home? EPM Offers Expert Advice to Help You Make the Right Choice

Realty Biz

EPM recommends speaking to a professional, such as a financial planner or personal finance expert. Should the financial planner see any issue with your current finances, they can help you. As the housing market strengthens, you may also find that your home increases in value.

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