Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Its ability to remove friction from the buying and selling process, while adding assurance, flexibility, and customer-centricity, aligns perfectly with our core tenants here at Flyhomes.

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Housing Wire

NOVEMBER 9, 2023

“Our pipeline is up about 24% since July and we’re going to fund almost 23% more loans in 2023 than we did in 2022,” he said. “So Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year. I think it just comes down to the fact that people want to buy homes,” Lind said.

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Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

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Staging Closing Marketing Mortgages 479

Housing Wire

MAY 23, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes about six months. The national median home price decreased 1.7% The national median home price decreased 1.7% million in April.

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Marketing Sales Mortgages As-is 430

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. My wife and I currently live in an Auction-purchased home,” said Dwayne, a survey respondent from Maryland. “We

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Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. VA home loans have given millions of veterans and their families the opportunity to purchase a home. In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture.

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Housing Wire

SEPTEMBER 9, 2021

When it comes to consumers’ growing desire for a seamless, fully digital home-buying experience, coupled with COVID-19’s influence on buying behaviors, it’s safe to say there truly is “no turning back.”. The pandemic had a profound impact on the home-buying experience. And why shouldn’t they?

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Mortgages Technology Inspection Closing 415

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. In the process, a historic $9 trillion of mortgage loans were closed over two years. 2022 Forecast series. What are the drivers of housing demand in 2022?

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Housing Wire

JUNE 29, 2022

As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. While over a quarter of those surveyed still live with their parents, 45% are currently renting and over half (51%) want to buy a home because the cost of rent is too high.

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Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! They own the home with their name on the title, as with any mortgage, traditional or reverse.

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Housing Wire

JANUARY 10, 2022

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HW: How can lenders help homebuyers avoid closing delays?

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Housing Wire

AUGUST 2, 2023

In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday. According to eXp, Daryl Ramon Casaus, an eXp agent, was key in the recruitment process. “We We looked at other companies to merge or buy us and ultimately we went with eXp.

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Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. Homeowners can convert their equity to cash by selling their homes to EasyKnock and staying on as renters.

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Housing Wire

DECEMBER 29, 2023

The lender reported GAAP net income of $115 million in Q3, lower than the $139 million in Q2 2023 but better than the $96 million in the same period of 2022. AI will be at the center of how clients buy, sell and finance homes,” Krishna said.

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Technology Finance Mortgages As-is 315

Housing Wire

FEBRUARY 13, 2023

The extremely high comps that we had to deal with from October 2022 to January 2023 are coming to an end, which means that every month we should see the year-over-year declines move lower, even if the data just stay flat. Morgage rates are higher and we’re working from much higher home prices as well.

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Mortgages Marketing As-is Sales 507

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years. They were scheduled for foreclosure auction nearly four times (3.8)

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Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. For example, a homebuyer who puts 5% down on a $350,000 home would have a loan of $332,500.

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Housing Wire

APRIL 16, 2023

Purchase application data was up 8% weekly, and the year-over-year decline was the lowest since September 2022. Since the second half of 2022, after mortgage rates reached 6.25%, new listing data has been in a constant year-over-year decline and hasn’t recovered. The answer is no!

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Marketing Mortgages Sales Banks 537

Housing Wire

SEPTEMBER 10, 2021

Orchard , which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. It also launched its lending division, Orchard Home Loans, in July. In 2022, following this latest round, the company said it will expand to four new markets.

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Housing Wire

OCTOBER 6, 2021

Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Fannie Mae currently requires first-time homebuyers purchasing a home with more than 95% financing to complete a homeownership education course.

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Housing Wire

NOVEMBER 13, 2023

Here are some of the highlights: In Entrepreneur, the writer states, “…the court ruling (Sitzer) could lead to a decrease in the average home price in the U.S. Home prices would likely fall.” Louis Federal Reserve that says American home equity amounted to nearly $30 trillion at the end of 2022.

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Closing costs Equity Agents Technology 358

Housing Wire

MARCH 4, 2022

Simkoff and his team have recently been honored as a HousingWire 2022 TECH100 Mortgage Winner. Headquartered in San Francisco, the company focuses on “creating an instant and enjoyable home closing experience for buyers and sellers.” I’ll be up at night until we’ve done that for every home buyer and seller in the U.S.

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Housing Wire

AUGUST 25, 2022

According to the release, PRISM automates the personalized quote delivery and title ordering process, which eliminates the need for lenders or real estate agents to call their title agent for a quote for title and settlement fees, or order title, expediting the home buying process.

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Title Agents Branding Technology 388

Housing Wire

JUNE 23, 2023

In April of 2022, the retail division of Mid America Mortgage, Inc. The home buying process is one of the biggest life events people will go through. The lifecycle of a mortgage process evolves very fast and you must continuously be open to learning and adapting to new methodologies and technologies.

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Lending Technology Mortgages Industrial 353

Housing Wire

DECEMBER 2, 2022

Lenders who accurately predict the moment in time when a customer might require access to their home’s equity can act immediately and establish themselves as the ideal choice. The combined volume of home equity lines of credit (HELOCs) and traditional closed-end home equity loans are up 47% from January to May 2022.

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Marketing Equity Loans Renovation 367

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

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Bankruptcy Loans Mortgages Equity 393

Housing Wire

JUNE 23, 2023

In April of 2022, the retail division of Mid America Mortgage, Inc. The home buying process is one of the biggest life events people will go through. The lifecycle of a mortgage process evolves very fast and you must continuously be open to learning and adapting to new methodologies and technologies.

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Lending Technology Mortgages Industrial 346

Housing Wire

AUGUST 18, 2023

based firms on percentage revenue growth from 2019 to 2022. The minimum revenues required are $100,000 for 2019 and $2 million for 2022. 5000 – 2023 CityLight Homes came in as the top-ranked real estate brokerage or team in 2023, claiming the No. 436 in 2022 to No. The self-reported list ranks U.S. They must be U.S.-based,

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Brokerage Title Agents Residential 370

Housing Wire

DECEMBER 29, 2021

The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. Now that we are just a few days away from 2022, it’s time to take a look at the positive and the negative housing stories of 2021. First and foremost, Americans are buying a place to live, not an investment.

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Marketing Equity Construction Bankruptcy 532

Housing Wire

DECEMBER 13, 2022

HousingWire: 2022 has proven to be a challenging year for the industry, and as a result, there seem to be two camps of thought: “Hunker down and get through it” or “Find opportunity growth amid chaos.” These lenders will perfect their processes and forge new partnerships. MF: The big story in 2022 was the quick change.

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Title Loans Technology Mortgages 395

Housing Wire

APRIL 8, 2024

UWM’s total gain-on-sale margins increased to 92 basis points in 2023, compared to 77 bps in 2022. Borrowers also alleged UWM imposes a restrictive “Lock-In” policy, requiring brokers not to shop after locking a loan at the beginning of the origination process. the latter recently exited the wholesale channel.

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Housing Wire

OCTOBER 11, 2022

Lenders can shell out lots of cash just to get a list of “tire kickers” who are not actually primed to buy a home. Engaging with prospective borrowers at the very beginning of their home buying journey is far more important than many lenders recognize. The alternative options are not much better, either.

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Staging Loans Mortgages Sales 361

Housing Wire

SEPTEMBER 30, 2022

Another 125 basis points in hikes are still to come in 2022, with a federal funds rate topping out well above 4%. An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages.

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Mortgages Fixed-rate mortgage Loans Loan Officer 458

Housing Wire

OCTOBER 11, 2022

Founded in 2022 by Aaron Nevin and Tristan Marino, Moon Mortgage was the product of the founders’ advocacy for crypto and their frustrations with the lack of its applications in digital asset lending. In March, HousingWire reported on the NFT craze and what kind of disruption blockchain could present to traditional processes in real estate.

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Housing Wire

OCTOBER 4, 2022

During Q2 2022, ALTA recorded $6.21 billion in 2022. The same five states held the top spots in Q1 2022. million in Q2 2022. Over the past few years, lenders have put a microscope to their processes to see where they can improve the borrower journey. billion recorded a year ago. billion in 2021 to $12.16

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Housing Wire

AUGUST 12, 2022

The offering, dubbed FNMA 2022-RPL4, represents the agency’s 27th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. The FNMA 2022-RPL4 transaction involves three loan pools — with pool 1 composed of loans with about $341.6 billion.

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Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

AUGUST 31, 2022

Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. Expected to close around Oct. billion in assets, the companies claim.

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