Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

Closing 460

Closing Mortgages VA loan FHA loan 460

Housing Wire

DECEMBER 2, 2020

LOs are only human — Tech is necessary to keep up with max loan volumes. Explore three steps that enable technology to work more efficiently, which helps drive profitability. FHA’s mission is to support low-to-moderate income borrowers, so why does the law permit FHA to insure mortgages up to $822,375?

Loans 534

Loans FHA loan Mortgages Construction 534

Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

Mortgages 441

Mortgages VA loan FHA loan Staging 441

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% mortgage rate at the end of August. “At

Mortgages 488

Mortgages FHA loan Equity Loans 488

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgages 498

Mortgages FHA loan Lending Loans 498

Housing Wire

JUNE 10, 2025

Mortgage lenders increased their credit supply in May 2025 to the highest level in almost three years, according to data released Tuesday by the Mortgage Bankers Association (MBA). The Mortgage Credit Availability Index (MCAI), a report based on data from ICE Mortgage Technology , rose by 2.1%

VA loan 210

VA loan Mortgages Loans Lending 210

Housing Wire

JUNE 18, 2024

The Mortgage Bankers Association (MBA) on Tuesday announced its submission of a letter to the U.S. Servicers of Federal Housing Administration (FHA) loans are required to conduct inspections in a timely fashion, and any deficiencies are corrected per the Real Estate Assessment Center protocol,” Broeksmit said in the letter.

Inspection 451

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Housing Wire

JUNE 1, 2022

A coalition of independent mortgage banks want the Federal Housing Administration (FHA) to take steps it says would significantly improve access to credit for underserved borrowers. Two weeks ago the same group urged the administration to cut mortgage insurance premiums by 30 basis points to.55%

FHA loan 388

FHA loan Loans Mortgages Banks 388

Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

FHA loan 451

FHA loan Loans Technology Mortgages 451

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

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FHA loan Loans Title Banks 417

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics.

Mortgages 428

Mortgages Loan Officer FHA loan Equity 428

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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FHA loan Bankruptcy Marketing Loans 460

Housing Wire

AUGUST 31, 2023

. “This merger ensures our customers will continue to receive access to the products, services, and technology they need while maintaining the relationship-driven, hands-on service they’ve come to expect,” Dionise said in a statement. Mars Bank held $520.8 million in assets as of June 30, 2023.

Banks 403

Banks FHA loan Lending Equity 403

Housing Wire

SEPTEMBER 21, 2021

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week.

FHA loan 460

FHA loan Lending Equity Technology 460

Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system.

FHA loan 403

FHA loan Title Principal Development 403

Housing Wire

JUNE 9, 2022

For government loans, such as a Fannie Mae Homestyle Renovation loan, first-time buyers can qualify with a down payment as low as 3%, but renovation costs are limited to 75% of the home’s after-repair value, and borrowers must pay higher fees and closing costs than they would on other types of mortgage loans.

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FHA loan Renovation Equity Loans 369

Housing Wire

OCTOBER 27, 2020

Your credit plays a huge part in your ability to get a mortgage. It influences what loans you’re eligible for, how much you can take out, and how much you’ll pay in interest over the life of your loan. Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means.

Debt-to-income ratio 420

Debt-to-income ratio VA loan FHA loan Loan Officer 420

Housing Wire

JUNE 8, 2022

In its Wednesday letter to the DOJ, CHLA claimed the small and midsize independent mortgage banks it represents would be “particularly vulnerable” to market concentration — such as the large conglomerate resulting from an ICE/ Black Knight merger — in mortgage services. The planned merger between Intercontinental Exchange Inc.

FHA loan 370

FHA loan Banks Technology Loans 370

Housing Wire

FEBRUARY 15, 2024

We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. In third-quarter 2023 , it posted mortgage volume of $731 million, down from $900 million in Q2 2023 and $1.1 billion in Q3 2022. “VA

VA loan 417

VA loan Loans Loan Officer FHA loan 417

Housing Wire

JULY 22, 2024

While the emergence of technology tools is not new to the industry, the latest wave of artificial intelligence (AI)-driven technology is unlike many others that have come before. In this role of being a trusted adviser, technology is helping us be more time efficient and be better at our jobs, but it isn’t replacing us.

Industrial 438

Industrial Technology VA loan FHA loan 438

The Close

JULY 1, 2025

A home is the largest purchase most people will ever make, and many buyers rely on mortgage financing. However, some will struggle with getting approved for a loan, which is something that could result in the transaction falling through for you as a real estate agent. That’s where FHA loans can save the day for everyone.

FHA loan 40

FHA loan Loans Debt-to-income ratio Purchase and sale agreement 40

Housing Wire

FEBRUARY 6, 2025

Multistate mortgage lender Click n’ Close on Thursday announced that it’s adding a 30-year, fixed-rate conventional loan option to its SmartBuy Shared Appreciation Mortgage (SAM) program. SAM loans grant the lender a share of the home’s future appreciation in exchange for a lower interest rate. .

Loans 243

Loans Closing Mortgages Technology 243

Housing Wire

SEPTEMBER 13, 2024

The Federal Housing Administration (FHA) this week published a newly proposed Mortgagee Letter on its Single Family Drafting Table , which would align mortgage borrowers and originators in their understanding of how much is owed on a partial claim.

Loans 441

Loans Title Mortgages Design 441

Calculated Risk Real Estate

JULY 7, 2025

Here is the ICE July Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: Amid a Cooling Housing Market, Early Signs of Homeowner Risk Emerge Intercontinental Exchange, Inc. … released its July 2025 Mortgage Monitor report. According to ICE’s Home Price Index, annual home price growth slowed to 1.3%

Mortgages 52

Mortgages FHA loan Equity Loans 52

Realtor.com

SEPTEMBER 25, 2020

homeowners are behind on their mortgage payments and struggling to hang on to their abodes. of the roughly 8 million Federal Housing Administration mortgages, primarily made to these more vulnerable borrowers, were delinquent in August. of FHA loans were seriously delinquent. FHA loans make up about 21.2%

FHA loan 128

FHA loan Loans Mortgages Technology 128

HomeLight

JULY 23, 2024

A healthy credit score can help you get approved for a loan and even result in a better mortgage interest rate. If your credit score is low, you might think that getting a mortgage will be impossible. Read on to find out how to get a mortgage with bad credit. Get Estimate Can you really get a mortgage with bad credit?

Mortgages 116

Mortgages FHA loan Loans Finance 116

The Close

MAY 28, 2025

A great mortgage lender provides you with plenty of options, including different types of mortgage loans and products. 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%

VA loan 85

VA loan FHA loan Mortgages Pre-approval 85

Marco Santarelli

MAY 20, 2025

The news is out: Rocket Mortgage acquires Redfin, and what this means for the US housing market is a significant move towards a more streamlined, tech-driven, and potentially more consolidated homebuying future. Imagine your favorite online home search tool suddenly joining forces with a mortgage giant that's the scale we're talking about.

Mortgages 52

Mortgages Marketing Lending Brokerage 52

Real Trends

NOVEMBER 11, 2022

“With housing affordability at an all-time low and interest rates on the climb, it’s important that homeowners have alternative options to access their home equity without selling or taking on additional debt,” said Michael Gifford, CEO of Splitero , a financial technology company that helps homeowners access home equity. . USDA loans.

Finance 113

Finance VA loan FHA loan Agents 113

Lab Coat Agents

FEBRUARY 7, 2023

How To Get The Best Mortgage Rate You can do a few things to ensure you get the best mortgage rate possible. Next, consider the type of loan that’s right for you. Third, you want to find an agent who uses technology to their advantage. The minimum down payment for an FHA loan is 3.5%.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

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.

Renovation 370

Renovation MLS Investor Loans 370

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. If the tiny house is fixed to a permanent foundation, potential owners can explore conventional mortgages. Many tiny houses feature a loft for sleeping and storing.

Due diligence 102

Due diligence Land Construction FHA loan 102

Marco Santarelli

MAY 9, 2025

The Monthly Payment Squeeze: Even with Lower Interest, It Hurts More You might think, “Well, mortgage rates are lower now than they were back then, right?” In 1974, the average 30-year fixed mortgage rate was a whopping 9.19% ! So, their mortgage payment was about 21.2% ” And you'd be partly right.

Debt-to-income ratio 52

Debt-to-income ratio Loans FHA loan Mortgages 52

RIS Media

MARCH 19, 2021

The Consumer Financial Protection Bureau (CFPB) states that “any agreement that entails exchanging a thing of value for referrals of settlement service business involving a federally related mortgage loan likely violates RESPA, whether or not an MSA or some related agreement is part of the transaction.”

FHA loan 105

FHA loan Loans Mortgages Technology 105

Realty Biz

JULY 23, 2023

Understanding the implications of 1099 income on mortgage loans is crucial. Government-backed and conventional mortgage options, as well as home equity for down payment assistance, are available. Government-backed and conventional mortgage options, as well as home equity for down payment assistance, are available.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

HomeLight

JUNE 30, 2024

These websites compile data from banks, government agencies, and real estate services to provide comprehensive listings of homes that are being sold due to the owner’s inability to meet mortgage obligations. Zillow provides detailed listings, including photos, estimated mortgage payments, Zestimate , and neighborhood information.

Short sale 115

Short sale Banks Finance Investor 115

Calculated Risk Real Estate

JULY 3, 2024

“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. fewer sub-5% mortgages in the market today than there were at this time in 2022.

Mortgages 59

Mortgages FHA loan Loans Staging 59