Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. The revised LTVs could allow previously ineligible borrowers to have a renewed conversation about securing a loan, the company explained.

Mortgages

Housing Wire

DECEMBER 27, 2024

With Home Equity Conversion Mortgage (HECM) volume declining on an annual basis, many industry participants cited at least one key factor that couldve driven the decline, but the view was not universal. We’ll have those loans that come in where we have to look at every opportunity that we can to save that deal and help that client.

Industrial

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. In the case of FOA — the current industry leader — the earnings results were robust.

Investor

Housing Wire

JUNE 10, 2025

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. Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity

Housing Wire

JULY 14, 2025

the parent of Guild Mortgage , has left loan officers wondering how the traditionally purchase-focused lender would integrate refinance capabilities to leverage the $770 billion servicing portfolio of soon-to-be sister company Lakeview Loan Servicing , the nation’s second-largest mortgage servicer. Bayview Asset Management ’s $1.3

Mortgages

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. We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” “[PennyMac] is well-rounded. ”

Marketing

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. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement

Housing Wire

JUNE 6, 2025

Tom O’Donoghue, principal with Reverse Loans Now , has multiple clients impacted by the recent wildfires and said the program would help. The program needs more exposure, but it is encouraging to see that reverse loans finally get some support in California regarding disasters,” O’Donoghue said. .

Mortgages

Housing Wire

NOVEMBER 15, 2024

A shift in Rocket Mortgage’s MSR strategy Through the third quarter, Rocket has already acquired or committed to over $70 billion in unpaid principal balance for its servicing portfolio —a 15% increase over year-end 2023. All the while, companies like Mr. Cooper and Lakeview Loan Servicing have expanded their portfolios.

Mortgages

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” 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

JANUARY 31, 2025

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023. Its net revenue grew from $1.4 billion to $1.6 Pretax income for the final quarter of 2024 was $129.4

Principal

Housing Wire

APRIL 1, 2025

It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million. This is roughly in line with other proprietary product offerings in the space from companies such as Finance of America (FOA), Longbridge Financial , University Bank , Smartfi Home Loans and Nationwide Equities.

Mortgages

Housing Wire

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. ” Fees from fulfilling correspondent loans for PMT totaled $5.3

Principal

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

The Mortgage Report

JULY 8, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? What Are the Different Types of Home Equity Loans and Which Is Best?

Equity

The Close

NOVEMBER 7, 2024

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. Cash on hand lets you move quickly without worrying about loan or mortgage interest charges. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan

Marco Santarelli

DECEMBER 20, 2024

Here's the straightforward answer: The best time to refinance is when interest rates are lower than your current rate, or when your financial situation has improved, allowing you to secure a better loan term. This can add up significantly over the 30-year span of the loan. Now, lets dive deeper into understanding this process.

Mortgages

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? But not everyone can afford to put 20% down.

Loans

The Mortgage Report

JUNE 17, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Find the best first-time home buyer loan for you.

FHA 203k rehab loan

The Close

NOVEMBER 25, 2024

They usually find financing through hard money lenders or loans made just for flipping houses. The two main ways to dive into the house-flipping game are: Hard money loans : These loans offer faster approval and funding times than traditional mortgages. It’s common for flippers to aim for an ROI of 20%.

House Flipping

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. Jumbo Loans: Average rate reduced to 6.79% , down from 6.84%. for principal and interest.

Mortgages

AAOA

APRIL 28, 2025

From tax benefits to leveraging rental income for a new home loan, let’s break down why converting your home into a rental might be a golden opportunity. Plus, property values tend to appreciate over the long term, helping you build equity and net worth effortlessly. Real estate is one of the best hedges against inflation.

Property Management

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? The sky is not falling.

FHA 203k rehab loan

Marco Santarelli

MARCH 31, 2025

Current Mortgage Rates Breakdown When you're looking to buy a home, the interest rate you lock in plays a huge role in your monthly payment and the total amount you'll pay over the life of the loan. This rate environment makes careful shopping and understanding your loan options even more critical.

Mortgages

Redfin

JUNE 13, 2025

Step 3: Research second-time homebuyer programs and loans Step 4: Work with an experienced agent Step 5: Make a strong offer as a second-time homebuyer Step 6: Plan your transition Second-time homebuyer FAQs Is it harder to buy a house the second time? If your finances have improved, you might even qualify for a larger loan or better terms.

Debt-to-income ratio

Marco Santarelli

JULY 21, 2025

Loan Types : Government-backed loans typically offer lower rates than conforming loans. Rates Impact : Slight increases in refinance rates may affect homeowners looking to tap equity. They come with limits on loan amounts and borrower criteria which affect risk profiles. If rates drop to the predicted 6.4%

Mortgages

Marco Santarelli

MARCH 16, 2025

Breaking Down Today's Mortgage Rates Loan Type Interest Rate 30-Year Fixed 6.59% 20-Year Fixed 6.45% 15-Year Fixed 5.93% 5/1 ARM 6.85% 7/1 ARM 7.13% 30-Year VA 6.15% 15-Year VA 5.59% 5/1 VA 6.15% As you can see, the 30-year fixed-rate mortgage the most common choice for homebuyers is currently averaging 6.59%.

Mortgages

Marco Santarelli

MAY 8, 2025

According to the latest data from Zillow, today's mortgage rates show a decrease across various loan types, with the widely popular 30-year fixed-rate mortgage averaging 6.69% , a notable 10 basis points lower than the previous day. This slight downward trend also extends to refinance rates, offering a potential window for savings.

Fixed-rate mortgage

Redfin

JULY 23, 2025

In addition to repaying the principal amount of the loan, the monthly mortgage payment includes additional costs that can vary based on location and mortgage type. Let’s break it down. How much is the monthly mortgage payment on a $500K house?

Mortgages

Redfin

JULY 23, 2025

Key takeaways for your down payment strategy 20% isn’t required: You don’t always need a 20% down payment to buy a home, thanks to various loan options. Faster equity: Putting more money down means you build equity in your home more quickly. Government-backed loans like USDA and VA allow down payments as low as 0%.

FHA loan

Marco Santarelli

APRIL 2, 2025

Let's look at the specifics for today's mortgage rates: Loan Type Rate 30-Year Fixed 6.50% 20-Year Fixed 6.18% 15-Year Fixed 5.86% 5/1 ARM 6.60% 7/1 ARM 6.38% 30-Year VA 6.06% 15-Year VA 5.62% 5/1 VA 6.07% 30-Year FHA 5.95% 5/1 FHA 5.69% As you can see, the benchmark 30-year fixed-rate mortgage is averaging 6.50% nationally.

Mortgages

Marco Santarelli

MARCH 13, 2025

Over the life of the loan, you would pay about $115,530 in interest. This scenario shows how even a manageable loan amount can build up considerable interest, which emphasizes the importance of securing the best possible rates. Calculate approximately $385,105 in interest over the life of the loan.

Mortgages

Marco Santarelli

MAY 3, 2025

This decline offers a potential window of opportunity for both homebuyers and those looking to save money on their existing loans. While it may seem like a small change, every fraction of a percentage point can translate into significant savings over the life of a loan. Lets dive in. Why Are Mortgage Rates Declining?

Debt-to-income ratio

Redfin

JULY 24, 2025

Establishes the buyer’s immediate equity in the property. Reduces the mortgage principal, leading to lower monthly payments and total interest over time. Acts as a risk mitigant for lenders by lowering the loan-to-value (LTV) ratio. For instance, if you have a $300,000 loan at a 6.5%

Principal

Marco Santarelli

APRIL 29, 2025

And the mortgage rate you get can literally save you (or cost you) tens of thousands of dollars over the life of the loan. It affects your monthly payment, how quickly you build equity, and ultimately, how much the entire house will cost you. Average Loan Size: The size of the average mortgage can also affect rates.

Mortgages

Marco Santarelli

DECEMBER 11, 2024

15-Year Fixed Mortgages Conversely, the 15-year fixed mortgage appeals to those looking to save on overall interest payments and repay their loan faster. 15-Year Fixed Mortgages Conversely, the 15-year fixed mortgage appeals to those looking to save on overall interest payments and repay their loan faster.

Mortgages

Marco Santarelli

MARCH 27, 2025

VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%. FHA Loans: May provide lower rates than conventional loans, but typically involve mortgage insurance payments for the duration of the loan. The 30-year FHA refinance rate is 6.18%.

Mortgages