Housing Wire

JUNE 18, 2024

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.

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Housing Wire

JUNE 1, 2022

The Community Home Lenders Association (CHLA), backed by 41 IMBs, sent a letter urging the FHA to streamline its servicing guidelines, increase permissible lender fees for executing an assumption of an FHA loan, and make changes to FHA’s condo rules.

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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.

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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 average interest rate for all loans was 3.48% in April 2020.

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Housing Wire

MAY 14, 2024

This is significant, because as noted in CHLA’s annual IMB Report , “84% of FHA loans were for first-time homebuyers, and FHA’s share of Black and Hispanic borrowers was twice the percentage of all other mortgage loans.” But now a new threat is emerging on this front.

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Housing Wire

SEPTEMBER 21, 2021

The announcement comes after more than a year’s worth of efforts by the FHA to streamline and modernize their FHA loan origination and claims process. Last year, the module was introduced as a pilot with no set deadline for lenders to transition.

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Housing Wire

SEPTEMBER 22, 2023

Kim: Executives at Dark Matter Technologies noted that lenders are most interested in bringing down their origination costs and retaining their clients in this rising-rate environment. Duncan: They have been investing in technology — primarily consumer-facing technologies to get business in the door. I would expect more.

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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.

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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.

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The Close

JULY 1, 2025

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. This makes it possible for buyers who might not qualify for traditional loans to still secure financing.

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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.

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Housing Wire

JUNE 9, 2022

A Federal Housing Administration (FHA) loan may also appeal to borrowers with a small down payment, as low as 3.5%, but a mortgage insurance premium (MIP) is required and it involves more paperwork than other types of mortgage loans. Presented by: Auction.com.

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Housing Wire

OCTOBER 27, 2020

Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means. FHA loans require just a 500 credit score, as long as you can make a 10% down payment, while VA loans have no credit score requirement whatsoever.

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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.

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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. LOs are only human — Tech is necessary to keep up with max loan volumes. It did not admit to any wrongdoing. “We

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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

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

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. The plan is to distribute the product through its network of partners as it scales. Better Home & Finance Holding Co. ,

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Housing Wire

APRIL 27, 2021

With SIME technology, it’s easy. TMS Subservicing has Freddie, Fannie, Ginnie, Fitch Rating, FNMA Star, conventional loans, FHA loans, VA loans and more. We wanted a subservicer that would allow us to stay proactive and in front of our customers,” said Eddy Perez, CEO of EPM.

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Housing Wire

JULY 11, 2025

Fello cutting-edge AI technology will help you sort your CRM and add crucial information to each contact to determine which leads to target. Fello dashboard This may seem like a lot of work, but it’s necessary to make the most of your mortgage lead generation. It even scores your leads so you know who to touch base with first.

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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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Housing Wire

JUNE 10, 2025

“Credit supply increased to its highest level since August 2022, driven by growth in the supply of both conventional and government loans, as lenders offered a greater variety of loan types to support the spring homebuying season,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement.

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Housing Wire

FEBRUARY 6, 2025

Click n’ Close underwent a massive rebranding effort in June 2022 as it expanded into the mortgage technology industry. It now offers multiple loan programs including SmartBuy SAM to third-party originators, alongside its direct-to-consumer programs for reverse and Native American borrowers.

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Housing Wire

SEPTEMBER 13, 2024

Department of Housing and Urban Development (HUD)’s Single Family Mortgage Asset Recovery Technology (SMART) Integrated Portal (SIP), and would then “provide it when they receive a payoff request on an existing FHA-insured mortgage,” the announcement said.

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Realtor.com

SEPTEMBER 25, 2020

of FHA loans were seriously delinquent. FHA loans cater to borrowers who often have lower credit scores and higher debt loads. “FHA loans are the canary in the coal mine,” which could be signaling greater trouble ahead, says Tobias Peter , director of research for the housing center. About 17.4%

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Calculated Risk Real Estate

JULY 7, 2025

“As figures from the July Mortgage Monitor bear out, national averages don’t tell the full story,” said Tim Bowler, President of ICE Mortgage Technology.

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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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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.

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HomeLight

JULY 23, 2024

However, the Federal Housing Administration (FHA) has programs that accept buyers with scores as low as 500. In fiscal year 2023, the average credit score of FHA recipients was 670, according to a U.S. Roughly 2% of FHA loans went to buyers with a FICO score between 500 and 599.

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Lab Coat Agents

FEBRUARY 7, 2023

Third, you want to find an agent who uses technology to their advantage. FHA mortgage: A mortgage insured by the Federal Housing Administration (FHA) is a good option for first-time homebuyers and other borrowers with limited resources. The minimum down payment for an FHA loan is 3.5%. What Are VA Loans?

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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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Realty Biz

JULY 23, 2023

Recent changes and technological advancements are shaping the lending landscape. Understanding the available options can help navigate the loan process successfully. These loans often have more flexible requirements compared to conventional loans, making them accessible and attractive for those with 1099 income.

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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 9, 2025

Lower Down Payment Options: There are some government programs, like FHA loans, that allow people to put down as little as 3.5%. Technology: The internet and online tools have made it easier to compare mortgage rates and find properties.

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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. These homes are typically properties that were financed with an FHA loan and have now been repossessed. Department of Housing and Urban Development ( HUD ).

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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. When competing against investors, it may be necessary to consider offering above-asking price or presenting a stronger financial profile.

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