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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

The importance preparing yourself with non-QM options The mortgage industry is fickle. Luck and success favor the prepared and that fact remains in the mortgage industry. Beyond that, Deephaven allows up to 3% seller concessions at closing. Supply chain issues and other factors can raise national interest rates.

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What Is an Appraisal Gap? How It Works and What Buyers Should Know

Redfin

This protects both buyers and lenders —buyers avoid overpaying and starting with negative equity, while lenders ensure the home is valuable enough to back the loan. In contrast, properties near busy roads, industrial areas, or those with limited access to local conveniences may appraise for less. >>Read:

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Home Loans With Small Down Payment: FHA, VA, and USDA Explained

The Mortgage Report

Between inflation, higher rent, and job insecurity in some industries, many buyers just don’t have the luxury of putting 20% down. You’ll also have less equity in the home upfront, which could impact your need to sell or refinance the home in the future,” Erickson continues. Government-backed programs are filling that gap.”

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

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Reverse mortgage volume, HMBS issuance see improvement in March

Housing Wire

After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news. Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% to 3,237,” according to the commentary accompanying RMI’s March data.

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Reverse mortgage volume, securities issuance fall in February

Housing Wire

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% Industry remains optimistic Every tracked geographic region recorded lower volume in February, but the largest — Pacific/Hawaii — recorded the least severe drop of 6.2%, according to RMI. Secondly, the Southwest also held up relatively well among the top three.”

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Reverse mortgage volume, HMBS issuance fall slightly in January

Housing Wire

With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. There’s always been a seasonality to the industry where the holidays are significantly slower than immediately before and after.” billion. “The