Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. 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

NOVEMBER 1, 2024

We’re excited to share that the FHFA ( Federal Housing Finance Agency ) pilot is expanded to all sellers who do business with Freddie Mac. We want to continue to see the right level of engagement from the industry when it comes to the loan quality.

Loans

Housing Wire

JUNE 18, 2025

billion in unpaid principal balance as of March 31. The data, from Inside Mortgage Finance , reflects only owned servicing assets. Guild’s servicing portfolio stood at $94.0 While Guild ranked as the 25th-largest servicer in the country in the first quarter, Bayview ranked second, with a $770 billion portfolio. million in Q1 2024.

Principal

Housing Wire

APRIL 21, 2025

Amid inflation worries, political turmoil and ripple effects from new federal spending cuts , Americans are growing increasingly pessimistic about the economy, housing market and their personal finances, according to a new consumer sentiment survey. director of research and a managing principal at John Burns. Only 34% of U.S.

Principal

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. This course covers real estate law, contracts, finance and ethics.

Agents

Housing Wire

APRIL 1, 2025

Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry. The 2025 HousingWire Rising Stars have demonstrated exceptional leadership, expertise, and dedication to moving the industry forward.

Lending

BAM Media

JANUARY 8, 2025

As a real estate agent, you know how critical financing is to the success of any property transaction. But did you know that the type of financing you choose can significantly impact your bottom line? Lets dive into how lending fees and interest rates can affect your investmentsand how seller financing can help you save big.

Finance

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55.

Mortgages

Housing Wire

JULY 31, 2025

Rocket Companies , the parent of Rocket Mortgage , has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S. Qualified clients who finance with Rocket and work with a Redfin agent have a one-point rate reduction in their first year, up to $6,000.

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. Personal savings: Using your money can be the cheapest way to finance real estate deals. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan

The Close

NOVEMBER 25, 2024

Open a Business Bank Account Once you have your EIN, set up a business bank account to separate your personal and business finances. Find Financing Sources for Your House Flipping Business Many people wonder how to start a house flipping business without any cash.

House Flipping

Housing Wire

OCTOBER 31, 2024

The industry has also been strongly supportive of our budget requests.” Funding for 2024 is already having a stabilizing effect on Ginnie Mae, he explained, but additional resources will help the company to serve the mortgage industry and market more reliably. “As What I can say is that we’ve had strong support from the U.S.

Principal

Marco Santarelli

DECEMBER 27, 2024

Sam Khater, Freddie Macs Chief Economist, suggests that while there are slight improvements in new and existing home sales, a significant undersupply of homes continues to challenge the market.

Fixed-rate mortgage

The Mortgage Report

JULY 11, 2025

To gain insights and (hopefully) make matters easier, The Mortgage Reports spoke with industry experts to help guide borrowers in 2025’s third quarter. Buyers who have evaluated their finances, secured mortgage pre-approval, and understand local market trends are better positioned to act decisively when the right opportunity arises.

FHA 203k rehab loan

The Mortgage Report

JULY 1, 2025

Personal finance expert and senior contributor at Save My Cent, Andrew Gosselin , says this news shouldn’t come as a shock to anyone. Between inflation, higher rent, and job insecurity in some industries, many buyers just don’t have the luxury of putting 20% down. Government-backed programs are filling that gap.” Go lender shopping.

Loans

Marco Santarelli

JULY 8, 2025

State-Level Regulations: Each state has its own set of rules governing the mortgage industry. Here's a breakdown: Principal & Interest : $2,264.38 For example, a smaller, regional bank might be more aggressive with its rates to gain market share in its local area compared to a national giant. Property Taxes : $256.67

Mortgages

HomeLight

JULY 29, 2025

This figure includes principal and interest based on current loan application data and assumes a 30-year fixed-rate mortgage. We’re presenting the “ median ” estimate rather than the average mortgage payment because most industry sources don’t track averages.

Mortgages

Marco Santarelli

JULY 21, 2025

Example: Impact of Mortgage Rate Changes on Monthly Payments Let’s consider a $350,000 loan for a home purchase with a 30-year fixed mortgage: At today's rate of 6.87%, the monthly principal and interest payment is roughly $2,306. If rates drop to the predicted 6.4% in the second half of 2025 and fall to 6.1% in 2026.

Mortgages

Marco Santarelli

MAY 14, 2025

Washington: Fueled by the tech industry and strong job growth, Washington's real estate market offers decent mortgage rates. New Jersey: Close to New York, this densely populated state's robust real estate market helps keep rates in check. Property Taxes: $256.67 Homeowners Insurance: $128.00

Mortgages

Norada Real Estate

AUGUST 1, 2025

State Regulations: Each state has its own set of regulations for the mortgage industry. Average Loan Size: The typical loan amount requested in a state can also play a role. Larger loan sizes might sometimes come with slightly different rates. You also need to factor in other expenses like home repairs, new furniture and landscaping etc.

Mortgages

Marco Santarelli

JUNE 16, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Here's the breakdown: Principal & Interest: $2,264.38 In pricier states (like California), where loan sizes are bigger, lenders might adjust rates to reflect perceived risk or different market dynamics. Property Taxes: $256.67

Mortgages

Marco Santarelli

MAY 2, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Economic Factors: Local economic conditions, such as unemployment rates or industry downturns, can impact lender risk assessments and, consequently, mortgage rates. Property Taxes $256.67 Homeowners Insurance $128.00

Mortgages

Marco Santarelli

APRIL 5, 2025

The cost of raw materials (like lumber and steel, which can be affected by tariffs, indirectly contributing to housing costs, though this is a more complex link), labor shortages in the construction industry, and land development expenses all contribute to higher prices for new builds, which in turn can impact the prices of existing homes.

Mortgages

Housing Wire

APRIL 18, 2025

Mortgage lenders shouldn’t interpret the downsizing of the Consumer Financial Protection Bureau ( CFPB ) as a green light to ease compliance, despite potential mass layoffs and a shift in priorities, industry experts told HousingWire. I spent the majority of my career up until that time responding to state law issues.

Mortgages

Housing Wire

JANUARY 30, 2025

In the final days of the Biden administration, officials had several policy decisions to make as the president worked to cement his legacy, including whether to move forward with the Federal Housing Finance Agencys ( FHFA ) title insurance waiver pilot program. The McCarran-Ferguson Act, signed by President Franklin D.

Title

Marco Santarelli

JUNE 11, 2025

State Regulations: Each state has its own set of regulations governing the mortgage industry. Read More: States With the Lowest Mortgage Rates on June 10, 2025 Are Mortgage Rates Expected to Go Down Soon: A Realistic Outlook Decoding the Mortgage Payment Puzzle A mortgage payment is more than just principal and interest.

Mortgages

Marco Santarelli

JUNE 25, 2025

State Regulations: Each state has different regulations affecting the mortgage industry. That includes $2,264.38 for principal and interest, $256.67 for property taxes, and $128.00 for homeowners insurance. Average Loan Size: The size of the average mortgage can also play a role.

Mortgages

Marco Santarelli

MARCH 6, 2025

Principal and Interest (P&I): The portion of your monthly payment that goes towards paying down the actual loan amount (principal) and the cost of borrowing the money (interest). Loan Term: The length of time you have to pay off your mortgage. Common terms are 15 years, 20 years, or 30 years.

Mortgages

Marco Santarelli

JUNE 5, 2025

State Regulations: State-specific laws and regulations governing the mortgage industry can also play a role in determining interest rates. Here are some of the key costs to factor in, as the mortgage calculator shows: Principal & Interest: This pays off your actual loan. Principal & Interest $2,264.38

Mortgages

Marco Santarelli

JULY 25, 2025

For example, here’s a basic calculation for a $400,000 home loan with a 20% down payment ($80,000 down): At a 6.89% interest rate (30-year fixed), monthly principal and interest payments come to approximately $2,373. If rates were to drop to 6.25%, those payments would be about $2,276 , saving nearly $100 monthly.

Mortgages

Housing Wire

JUNE 9, 2025

Despite a raft of what might seem like contradictory economic data points and a challenged housing market , the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. We advise [industry participants] to prepare for a delay in HMBS 2.0

Mortgages

Marco Santarelli

JULY 30, 2025

Homebuyers and homeowners seeking refinancing will find today's mortgage rates to be reflective of a stable but cautious housing finance environment influenced by evolving economic conditions and Fed monetary policy. 15-year fixed mortgage rate: Up marginally to 5.90% for purchases; refinance 15-year fixed slightly down to 5.92%.

Mortgages

Housing Wire

NOVEMBER 22, 2024

The historically fragmented mortgage servicing space has been transformed over the past few years due to an influx of large companies and ongoing consolidation, which presents challenges for smaller players, industry experts say. Annaly has built a platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8

Mortgages

Housing Wire

FEBRUARY 19, 2025

One of Ginnie Maes core functions in the reverse mortgage industry is providing liquidity through its Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program. on the reverse mortgage industry could be immediate. ” HMBS 2.0 ” HMBS 2.0 The potential impacts of HMBS 2.0

Bankruptcy

Housing Wire

APRIL 16, 2025

With Ginnie Maes central role in mortgage financing, his leadership will bring stability and strength to this segment of the housing market. I am very happy to see Joe Gormley take the helm at Ginnie Mae as Executive Vice President and Chief Operating Officer, said Scott Turner, secretary of the U.S.

Principal

Housing Wire

FEBRUARY 25, 2025

Bill Pulte, the Trump administration’s nominee to run the Federal Housing Finance Agency (FHFA), has a wide array of investments with a value north of $190 million, including holdings in rental properties, HVAC firms, entertainment companies and Elon Musk’s X.

Principal

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? We in the industry are very hopeful that this will be an eye-opener, especially for real estate agents and builders to start recommending this product to clients more regularly.”

Finance