Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. .

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. UWM from June 7 to June 20th, we’re gonna match any price, up to 35 basis points of a competitor, someone that you work with, one of the top 15 lenders that do what 90% of the business. Presented by: Deluxe.

Loans 545

Loans Banks Mortgages Finance 545

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 2 Digital adoption.

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Mortgages Banks Loan Officer Technology 533

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. billion in profit in 2020 and $6.1 billion in 2021.

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Loan Officer Purchase and sale agreement Loans Mortgages 364

Housing Wire

SEPTEMBER 7, 2023

The lender and LO can make or break the transaction.” After looking at listings online, a prospective homebuyer typically reaches out to a real estate agent who then gives them a list of recommended lenders and LOs. For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction.

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Agents Loan Officer Lending MLS 392

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. What is a Turnkey Rental Property?

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

NOVEMBER 17, 2022

This debate comes at a time when mortgage rates have doubled since the beginning of the year, from around 3.5% to around 7%, giving new urgency to the need to keep mortgage fees down on all federal agency mortgage programs — not just FHA but also VA , Fannie Mae and Freddie Mac. 1 way most regular Americans build wealth.

Mortgages 274

Mortgages Finance Loans Development 274

Housing Wire

JANUARY 27, 2022

Use of the cash window for delivering mortgages to Fannie Mae and Freddie Mac was disrupted in a big way over the course of last year as lenders reacted to expectations that a cap on cash transactions was slated to go into effect by the start of 2022.

Loans 351

Loans Banks Mortgages Investor 351

Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. America braces itself, as do lenders. Quite the opposite.

Mortgages 545

Mortgages Loans VA loan Investor 545

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. What trends have you seen at FAR? Click here to nominate someone.

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Equity Mortgages Lending As-is 351

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. Tell us a little bit about your property, and we’ll provide you with an all-cash offer within a week.

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Pre-approval Mortgages Equity Principal 109

HomeLight

JUNE 16, 2023

However, there are ways you can acquire a home at auction, even if you don’t have the entire amount in your savings account. Lenders who foreclose on homes and then sell them at auction may be willing to let go of the home for significantly less than the market value. Here are seven ways to buy a home at auction without cash.

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Hard money loan Equity Finance Loans 75

Realtor.com

APRIL 22, 2021

Getty Images That home-remodeling project may give you all the extra space you need. But how will you pay for it? But the best way to pay? “If If you have the cash, you should consider paying cash,” said Michael Silver, a certified financial planner in Boca Raton, Fla.

Equity 88

Equity Renovation Banks Lending 88

Realtor.com

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. Get pre-approved ASAP.

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Pre-approval Mortgages Loans Banks 111

Realtor.com

APRIL 30, 2021

If you’re raring to buy a home , chances are you’ll need a mortgage. But which kind of mortgage should you get? One good place to start figuring out your options is a mortgage calculator , where you can plug in various home prices and and have this sum broken down into monthly payments. Fixed-rate mortgage.

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Fixed-rate mortgage Loans Mortgages Pre-approval 111

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. Can you still put in an offer? Can you still put in an offer? How do you buy a foreclosure?”.

Pre-approval 95

Pre-approval Short sale Banks Finance 95

HomeLight

AUGUST 16, 2021

The first time you do something is always the hardest, and buying a house is definitely no different. First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Sometimes you’ll even find grants to help you with closing costs and down payments.

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Loans VA loan FHA loan Purchase and sale agreement 95

HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. 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. So if you list your home on Jan. Source: Ice Mortgage Technologies , Data for Sept.

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Closing Purchase and sale agreement Pre-approval Inspection 110

HomeLight

JULY 25, 2022

In some cases, sellers with the best intentions may not be aware of a faulty breaker or an improperly installed vent hood. So how can buyers — and their lenders — make sure they’re getting what they’re paying for? Caveat emptor. Let the buyer beware. Appearances can be deceiving. Start With a Free Home Value Estimate. Request Estimate.

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Inspection Pre-approval Loans Finance 91

Real Trends

MAY 13, 2022

We, of course, deny that Smart Settlements violated any law or regulation with regard to the presumed facts, which are not necessarily accurate, you set forth above.”. In February, Lyndsi Sitcov updated her Instagram feed with a carousel of photos that showed her smiling and enjoying drinks and sunshine in Miami. The posts seem innocuous.

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Title Brokerage Agents Mortgages 75

Redfin

JUNE 14, 2023

Whether you’re a first-time homeowner, an investor, or new to the state and considering buying a house in North Carolina , you’re in for a treat. If you need help figuring out where to start, Redfin has your back. Living in North Carolina is an experience that encapsulates the best of both worlds.

Pre-approval 55

Pre-approval Debt-to-income ratio Closing costs Title 55

HomeLight

AUGUST 16, 2021

Have you been dreaming about homeownership? You know, just in case! The pool and the wallpaper are a good jumping-off point, but if you haven’t asked yourself the big question (“what do I need to buy a house? ”), then you may need to back up a step or five. Think you may want to buy a house?

Closing costs 104

Closing costs Purchase and sale agreement Inspection Loans 104

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 He also said two other major factors have created tailwinds for the lender. • Lind points to Finance of America Mortgage , First Guarantee Mortgage Corp. billion, up from $2.1

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Lending Banks Investor Loans 342

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. When a homeowner stops making mortgage payments , eventually the bank will foreclose on their house, and the property will become bank-owned. The bank or lender files a notice of default, and the house is listed as a preforeclosure.

Banks 75

Banks Inspection contingency Inspection FHA loan 75

HomeLight

JUNE 30, 2021

Between favorable mortgage interest rates and a low inventory of available homes for sale, buyers were submitting purchase offers of thousands of dollars over asking price , and sellers (and their agents!) A confidence index is relevant to assessing an impending recession,” explains Chris McGuire , real estate and finance expert.

Equity 63

Equity Loans Lending Industrial 63

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Even traditional depository lenders are keen to bring aboard LOs from coast to coast.

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Mortgages Banks Brokerage Loans 450

HomeLight

AUGUST 24, 2022

HomeLight always recommends doing your own research to determine which selling option is best for your situation. Maybe a pressing coast-to-coast transfer from Virginia Beach to Newport Beach leaves you with no time to sell your house. Perhaps an aging family home in Lynchburg has you overwhelmed with too many repairs to handle.

Closing costs 71

Closing costs Purchase and sale agreement Closing Staging 71

HomeLight

AUGUST 20, 2020

We’re only as good as the information we have, and in an era when both good and bad reports are available online, in some ways it’s more difficult than ever to be sure that you really do know what you think you know. Topics include redlining, socioeconomic profiling, and corruption within mortgage lending.

Banks 74

Banks Mortgages Lending Sales 74

The Close

AUGUST 18, 2022

Real estate prospecting letters—letters agents send to buyers, FSBO, FRBO and Expired listing homeowners—are still one of the best ways to generate leads in 2022. For this article, we pulled together 19 of the best real estate prospecting letters to help you connect with buyers, FSBOs, newly divorced homeowners, expired listings, and more.

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Purchase and sale agreement Title Closing Short sale 98

Zolo

AUGUST 13, 2020

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . I was wondering if you know of any strategies to solve our mortgage interest deduction dilemma. . The plan is to take out a mortgage on property C and move into this property as our new principal residence.

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Purchase and sale agreement Principal Mortgages Loans 82

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It Today, DeZarn is chief appraiser of Appraisal Management Services of America , an Irvine, California-based business that is one of more than 1,000 appraisal management companies across the country. It fit well.

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Bankruptcy Loans Industrial Mortgages 409

HomeLight

FEBRUARY 17, 2022

Before you request a cash offer, it’s important to understand how Texas cash-for-homes companies function, how much they might offer for your home, and how you can weigh your options so you don’t leave anything on the table. If you accept the offer, you’ll both sign a contract and the closing process will begin.

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Closing costs Closing Sales Staging 71

Housing Wire

JUNE 21, 2022

Recently, Intercontinental Exchange (ICE) announced a plan to acquire Black Knight in a reported $13 billion deal that, if approved by federal regulators, would certainly be one of the largest acquisitions ever in the mortgage technology space. Mortgage competition is critical. Mortgage competition is critical.

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Loans Technology Mortgages Lending 396

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. Let’s dive right in!

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Purchase and sale agreement Loans Inspection Closing costs 107

The Residential Specialist

JULY 7, 2023

These first-time real estate investors are under the age of 40, are more knowledgeable about real estate and financing, and are less risk-averse than previous generations. These first-time real estate investors are under the age of 40, are more knowledgeable about real estate and financing, and are less risk-averse than previous generations.

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Investor Finance Renovation Property Management 98

HomeLight

MARCH 31, 2022

The state has much to offer prospective homebuyers, whether you are looking for a home with property or want to settle down in the city. But buying a home can feel daunting and unachievable, especially if you are looking to purchase your first home. As of the fourth quarter of 2021, median home prices in Pennsylvania were $543,830.

Closing costs 80

Closing costs Loans Closing Debt-to-income ratio 80

HomeLight

MAY 23, 2022

Looking to sell a house “as is” in Massachusetts? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. This includes houses that may require a bit of TLC. “If Sell 'As Is' With a Cash Offer. Skip repairs and close in as few as 10 days. Request Cash Offer.

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As-is Inspection Investor Sales 89