Housing Wire

JUNE 8, 2022

The CHLA also said independent mortgage banks now originate more than 60% of all mortgage loans and more than 90% of FHA loans, which disproportionately serves minority borrowers. Intercontinental Exchange, the software and data parent company of ICE Mortgage Technology , will acquire Black Knight.

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Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. Credit scores for FHA loan borrowers could go down even lower.

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Housing Wire

MARCH 14, 2024

Lisa Moriello “Any loan officer can run a report in their own database to calculate when someone’s date of birth hits that prime age [for a reverse mortgage],” Moriello said. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA). 2024 HECM limit On Jan.

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Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . USDA loans. Shared equity financing.

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Housing Wire

JULY 14, 2022

This technology-enabled transparency is creating equal opportunity for more buyers, including smaller-volume local investors who can now better compete against the large-volume institutional investors. In that model, the only marketing of foreclosure auctions is through notices in a local newspaper or legal publication.

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Calculated Risk Real Estate

JULY 7, 2025

27% of all 2023 and 2024 vintage loans are now underwater, while in Austin, Texas, the rate is 18% among 2022 vintage loans. ARM and temporary buydown usage reflect affordability pressure More than 8% of borrowers financed homes with ARMs or temporary buydowns this year, which reduce monthly payments in the first years of the loan.

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HomeLight

JULY 23, 2024

Roughly 2% of FHA loans went to buyers with a FICO score between 500 and 599. Only 11.97% of FHA endorsements were given to credit scores below 620, while 14.95% were given to credit scores of 720 or higher. 82% of total FHA financing went to first-time homebuyers in 2023.

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The Close

MAY 28, 2025

620 Conventional loans FHA loans VA loans Jumbo loans Average turn time is 42 days Visit Better Mortgage Conventional: 6.75% FHA: 6.625% VA: 6.5% 620 Conventional fixed-rate loans FHA loans VA loans Jumbo loans Investment property loans Underwriting can take anywhere from a few days to a few weeks Visit U.S.

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AAOA

FEBRUARY 6, 2025

Financing for your tiny home may be more difficult than if you were constructing a traditional home, but in some cases, you may be able to secure an FHA loan. Smart technology integration is also far less expensive for tiny homes than larger properties as they require less equipment.

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HomeLight

JUNE 30, 2024

The platform offers innovative technologies like its Remote Bid , which allows buyers to bid and win foreclosure properties using a mobile phone app. Auction.com also offers resources to help you understand the auction process, including bidding guidelines, financing options, and market insights.

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Realty Biz

JULY 23, 2023

Recent changes and technological advancements are shaping the lending landscape. It's essential to grasp how 1099 income affects mortgage loans and what lenders look for when determining eligibility for home financing. Understanding the available options can help navigate the loan process successfully.

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RIS Media

MARCH 19, 2021

This means that there is a clear operational, marketing, technology and customer service model for your brokerage to easily adopt and provide optimal value for the partner’s company. This allows you to fund all loans including FHA loans, thus maximizing revenue and increasing the customer experience.

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Marco Santarelli

MAY 20, 2025

Future of Housing Market After Redfin's Acquisition by Rocket Mortgage This isn't just another business deal; it's a pairing that could fundamentally change how many of us find, finance, and close on our homes. In a world where convenience is king, integrating the search and financing aspects of homebuying makes a lot of sense.

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Realtor.com

JANUARY 11, 2023

Builders can help first-time buyers with better financing. Many builders can offer financing through their company’s mortgage arm or through a lender affiliate and also have programs to help reduce the amount of cash a buyer needs to close on a home.

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Marco Santarelli

MAY 30, 2024

Alternative Financing Options: Exploring programs like FHA loans or down payment assistance initiatives can help bridge the gap for aspiring homeowners facing stiff competition from cash buyers.

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HomeLight

AUGUST 20, 2021

FHA loans require a special appraisal. If the buyer is financing the property with an FHA loan, an official FHA loan appraiser must conduct the appraisal, in accordance with HUD’s designated guidelines. The FHA appraiser ensures that the property meets HUD’s minimum property requirements.

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HomeLight

MARCH 24, 2022

But before you can call this place yours, in order to get your financing, you’re going to need a home appraisal. he’d “like to see the industry do a better job of leveraging technology to improve the efficiency and accuracy of home appraisals. Different loans can make the response time longer as well, Daniels says.

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GeekEstate

FEBRUARY 14, 2024

Expanding into mortgage has been challenging for real estate businesses and professionals due to high technological entry barriers and complex regulations. This change, previously restricted with FHA loans, marks a pivotal moment. What problem does your product/service solve? What’s next for you?

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Redfin

MAY 2, 2023

The state’s economy is driven by various industries, including technology, tourism, energy. Get your finances together Getting your finances in order is crucial when buying a home in Colorado. However, many loan options are available that require lower down payments, including FHA loans, which may require as little as 3.5%

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Marco Santarelli

JULY 20, 2024

Employment stability : Job security often plays a role in the decision to purchase a home.

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HomeLight

JULY 14, 2021

Fintech, or financial technology , relates to all the new tech options out there that help consumers and businesses manage their money. This can include things like Bitcoin; digital shopping programs that offer small, immediate loans rather than using a credit card; mobile stock trading; and virtual lending institutions.

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Calculated Risk Real Estate

JULY 3, 2024

or higher – 1.9M “As of May, 24% of homeowners with mortgages now have a current interest rate of 5% or higher,” said Walden. “As recently as two years ago an astonishing nine of every 10 mortgage holders were below that threshold. “All in, there are 5.8M or higher – 1.9M “All in, there are 5.8M

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HomeLight

JANUARY 6, 2022

You also may have heard of the tech-enabled iBuyers such as Opendoor, Offerpad, Redfin Now and HomeLight (we offer iBuying services through our Simple Sale platform) that use technology to value homes and make near-instant offers. Overwhelmed with Home Repairs? Skip the hassle of arranging contractors and paying for renovations.

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Lab Coat Agents

JUNE 17, 2024

By offering an assumable loan with a lower interest rate, these sellers may be able to attract more potential buyers and sell their homes more quickly. Assuming an existing FHA loan with a lower interest rate can significantly reduce monthly mortgage payments, making homeownership more affordable and accessible for these buyers.

Loans 52

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Redfin

JUNE 14, 2023

The city is also a hotbed for technology and research, with the Research Triangle Park (RTP) nearby, attracting top-notch companies and fostering innovation. Prioritize your finances Getting your finances in order is crucial for the homebuying process in North Carolina, as it sets the foundation for a smooth and successful transaction.

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Lab Coat Agents

MAY 1, 2024

Additional Benefits No Mortgage Insurance Another significant benefit of assuming a VA loan is that there is no mortgage insurance required, even if the buyer puts less than 20% down. This can result in additional monthly savings compared to conventional or FHA loans with small down payments.

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Housing Wire

SEPTEMBER 20, 2024

But Broeksmit also expresses skepticism of Democratic presidential nominee Kamala Harris’ down payment assistance proposal, which he deems to be unnecessary due to the existence of FHA loan programs with 3.5% Next, the duo discusses the FHA 203(k) changes and the effects on overall housing supply. down payment minimums.

FHA loan 417

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Housing Wire

MARCH 30, 2021

HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely. Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry. “MBA Mortgage Tech Demo Day.

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HomeLight

JANUARY 12, 2022

But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan. 1 and accept an offer on Jan.

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HomeLight

DECEMBER 23, 2021

Any of these codes can change, particularly as technology evolves, making it difficult for the average homeowner to keep pace. For example, FHA loans typically won’t allow buyers to purchase properties with unpermitted converted garages or outdated electrical panels. For example, the NEC is updated every three years.

Inspection 111

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Housing Wire

FEBRUARY 7, 2022

In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. FHA has had gaps in loss-mitigation oversight of servicers it approved.

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Banks Lending Loans Mortgages 370

Housing Wire

DECEMBER 7, 2020

Chief among these is how to operationalize the advanceable feature of the credit, which is akin to asking the IRS to deliver individual tax refund checks to tax filers on a date of their choosing, relying on obsolete technology and inadequate staff resources. Now is the time to double down on diversity and inclusion efforts.

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Housing Wire

MAY 13, 2025

Additionally, the MBA is pushing for expedited revisions to the Federal Housing Administration (FHA)s claims curtailment policies. It said these changes are overdue as the policies contribute significantly to the higher cost of servicing nonperforming FHA loans in comparison to other portfolios. Meanwhile, the U.S.

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