Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021.

Mortgages 320

Mortgages Investor Loan Officer Principal 320

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams.

Investor 313

Investor Sales Mortgages Loan Officer 313

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. . Stricter regulations, new guidelines.

Fixed-rate mortgage 367

Fixed-rate mortgage Mortgages Loans Loan Officer 367

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgages 383

Mortgages Loans Investor Equity 383

Calculated Risk Real Estate

SEPTEMBER 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 125

Closing Equity Principal Short sale 125

Realtor.com

APRIL 5, 2021

Getty Images What is an interest-only mortgage? 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. But unlike a conventional ARM, borrowers don’t build any equity in their home with an interest-only mortgage. “I

Loans 122

Loans Mortgages Principal Equity 122

Calculated Risk Real Estate

MARCH 7, 2024

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 68

Closing Equity Principal Short sale 68

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. With the days of stimulus packages and low mortgage interest rates in the rearview, Americans are steeling themselves for a future with the potential for economic uncertainty.

Equity 102

Equity Finance Loans Closing costs 102

Calculated Risk Real Estate

DECEMBER 7, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 70

Closing Equity Principal Short sale 70

Realtor.com

JANUARY 16, 2023

designer491/iStock Most home buyers applying for a loan know what a mortgage is, but a reverse mortgage may seem far less familiar. Maybe you’ve heard this mortgage term bandied about, and maybe have even seen the late-night TV ads promoting them. What to know about a reverse mortgage.

Mortgages 89

Mortgages Equity Loans Loan Officer 89

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgages 446

Mortgages Loan Officer Loans Equity 446

HomeLight

SEPTEMBER 30, 2020

Mortgage payments can take up a good chunk of your income, especially with a new home. And the interest you pay on that mortgage loan is nothing to sneeze at. In 1982, mortgage rates hit an annual average of 16.03%. That means for a 30-year conventional mortgage loan for $250,000, you’d be paying $962,458.72

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

Mortgages 454

Mortgages Fixed-rate mortgage Equity Loans 454

HomeLight

JUNE 30, 2021

It’s no secret that there’s lots to consider before buying a house, but one of the trickiest points for first-time buyers is often figuring out how to calculate a mortgage payment. 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!).

Mortgages 55

Mortgages Principal Loans Homeowner’s association 55

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business?

Banks 406

Banks Mortgages Loan Officer Due diligence 406

Realty Biz

JUNE 15, 2022

A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. You Need a 20% Down Payment to Get a Mortgage.

Debt-to-income ratio 97

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 97

HomeLight

AUGUST 31, 2021

We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. It offsets the amount you need to borrow for a mortgage. Or, you can choose not to increase your purchase price and simply enjoy cheaper mortgage payments. Mortgage insurance. USDA loans.

FHA loan 97

FHA loan VA loan Loans Loan Officer 97

Housing Wire

MAY 1, 2023

This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 407

Equity Loan Officer Loans Mortgages 407

HomeLight

MAY 31, 2021

Before you even start looking, you’ll also need to find a mortgage lender who will determine how much house you can afford , make sure your credit is in good standing, and see what kind of loan programs will work best for you. How much mortgage do I qualify for? What type of home loans do you offer? Conventional.

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58

Housing Wire

MAY 16, 2022

As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights (MSRs), cut costs and diversified revenue stream to survive the mortgage storm. Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2 million from servicing mortgages during that period, up $64.8

Principal 378

Principal Banks Loans Lending 378

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. That means you’re probably concerned you’ll lose equity and are wondering how much value you might miss out on in the coming year. What is home equity? Home equity is the amount of your home’s value that belongs to you.

Equity 84

Equity Marketing Loans Principal 84

HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Getting a mortgage can be a stressful and frustrating process. Here are a few tips to get ahead of the game and mortgage like a champ! Paying mortgage insurance isn’t that big a deal. Don’t let it!

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

JUNE 22, 2023

All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. As a first-time homebuyer, you’re likely among the 85% of buyers who will apply for a home mortgage instead of paying cash.

Debt-to-income ratio 85

Debt-to-income ratio Mortgages FHA loan Loans 85

Calculated Risk Real Estate

JUNE 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 94

Closing Equity Principal Short sale 94

HomeLight

JANUARY 31, 2022

You’re thinking about buying a house, but you aren’t sure what your mortgage loan (or monthly payment ) will look like. Still, to make your dream a reality, determining how to estimate a mortgage loan and how much you can spend is something you’re going to have to do. Source: (sarah b / Unsplash). as a down payment.

Loans 92

Loans Mortgages FHA loan Principal 92

HomeLight

OCTOBER 11, 2021

Borrowing limits for FHA loans aren’t the same across the country; they’re based on your county. This allows buyers who live in more expensive housing markets to still get a mortgage on a house. For most counties in the United States, the FHA loan limit is $356,362, but in more expensive areas, the limit can go as high as $822,375.

FHA loan 78

FHA loan Loans Debt-to-income ratio Closing costs 78

HomeLight

OCTOBER 5, 2020

You’ve probably been warned that if you don’t have 20% to put down on a house, you’ll be stuck paying private mortgage insurance or “PMI.” (On On a government loan, it’s just mortgage insurance, or MI.) If you defaulted on your mortgage, mortgage insurance would help protect the lender from financial loss.

Mortgages 55

Mortgages Equity Loans Loan Officer 55

Housing Wire

MARCH 29, 2022

Calvin Bradford, the principal of Calvin Bradford & Associates Ltd, and one of the authors of the original Community Reinvestment Act of 1977. And HUD can bring lawsuits claiming bias in mortgage lending. “We are looking at where we have failed with the CRA, and we know we have.”. Photo provided by Calvin Bradford.

Lending 367

Lending Banks Mortgages Loans 367

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Acceleration clause.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

Notorious ROB

DECEMBER 19, 2022

Rocket Mortgage Acquires Redfin. To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way.

MLS 79

MLS Agents Pre-approval Brokerage 79

Marco Santarelli

JANUARY 3, 2021

Among the advantages of this strategy is that during the time that you hold the property and rent it out, the mortgage is paid down every month, decreasing your principal balance and increasing your equity in the rental property. There is a lot more than just a mortgage to think about.

Investor 105

Investor Property Management As-is Equity 105

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Banks 361

Banks Lending Loans Mortgages 361