Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Morgan Chase.

Marketing 345

Marketing Pre-approval Investor Bankruptcy 345

Housing Wire

MARCH 29, 2023

And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. That’s down from 6.48% the previous week Meanwhile, mortgage rates on jumbo loans (greater than $726,200) fell to 6.27% from 6.30% in the same period.

Mortgages 399

Mortgages Pre-approval Banks Loan Officer 399

Marco Santarelli

OCTOBER 22, 2023

What is Fannie Mae's 5% down payment loan for multi-family homes? How Will Fannie Mae's 5% Down Loan Benefit Multi-Family Homebuyers This policy change applies to a range of scenarios, including standard purchases, no-cash-out refinances, HomeReady, and HomeStyle Renovation loans for owner-occupied properties.

Loans 98

Loans Pre-approval Principal Mortgages 98

Housing Wire

FEBRUARY 15, 2023

Steinway, who claims to have closed more than $1 billion of loan volume in his 24-year career, joined Revolution at the end of January, he said in an interview with HousingWire on Wednesday. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. It’s a different approach to lending.

Mortgages 349

Mortgages Pre-approval Lending Loan Officer 349

Housing Wire

FEBRUARY 1, 2023

Investors are betting that the economic slowdown and the Fed’s eventual victory over inflation will result in lower rates over time,” Fratantoni said. Mortgage loan originators don’t expect the Fed’s rate hike to impact buyers as much. We have a lot of clients reaching out for pre-approvals.

Pre-approval 371

Pre-approval Mortgages Banks Investor 371

Housing Wire

NOVEMBER 18, 2022

The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion a year prior, with adjusted pre-tax earnings of $400 million, compared to $669 million a year ago.

Title 387

Title Pre-approval Investor Mortgages 387

Housing Wire

JULY 16, 2021

Venture capital investors including Zillow founder Spencer Rascoff and Trulia co-founder Pete Flint, believe that Tomo has the potential to topple the legion of lenders that have increased market share, invested heavily in technology and lapped up record profits in recent years. “Our history, follows a pre-seed round of $40 million.

Lending 439

Lending Pre-approval Mortgages Closing 439

Housing Wire

JANUARY 26, 2022

.” According to the company, jumbo loans will be available for both 15-and-30-year cycles. For qualifying buyers, loans can be distributed in amounts up to $3 million. Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans.

Mortgages 323

Mortgages VA loan Pre-approval Lending 323

Housing Wire

JULY 12, 2022

It’s available for all loan types, except for jumbo. “As we know, the Federal Reserve has indicated they’re going to continue to raise rates, so we can lock in the loan with today’s rate for up to 90 days,” said Scott Bridges, senior managing director of direct consumer lending.

Mortgages 371

Mortgages Pre-approval Loans Closing costs 371

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 The consumer-price index rose 8.6%

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

JUNE 24, 2021

Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Equity 330

Equity Proof of funds Pre-approval Investor 330

Housing Wire

AUGUST 17, 2020

There is much to celebrate regarding Ginnie Mae ’s recent announcement that it will begin accepting eNotes (or digital collateral) from its approved issuers. For the uninitiated, spec pools are loans that have been grouped together based on common characteristics (FICO scores, product type, loan balance, etc.).

Pre-approval 206

Pre-approval Loans Investor Industrial 206

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

Loan Officer 367

Loan Officer Loans Pre-approval Development 367

Housing Wire

SEPTEMBER 2, 2021

Zeev was also an initial investor in the proptech’s 2017 Series B. Other repeat investors in its most recent round included Menlo Ventures , Group 11 and Stereo Capital. It also allows sellers access to a network of pre-approved buyers to expedite the process. billion, the company claimed.

Pre-approval 297

Pre-approval Investor Technology Equity 297

Housing Wire

FEBRUARY 10, 2022

The ‘housing super app,’ according to investor slides filed with the Securities and Exchange Commission, will provide mortgage pre-approval, “immersive shopping,” facilitate in-person touring, and home financing. The company exited the business model because Barton said that home price forecasting models are too volatile.

Pre-approval 381

Pre-approval Mortgages Agents Investor 381

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Various mortgage finance innovations facilitated larger loans at the same monthly payment to keep up with growing home values – which is one reason why house prices kept going up.

Debt-to-income ratio 352

Debt-to-income ratio Equity Pre-approval Finance 352

Housing Wire

MARCH 4, 2021

Fintech company Plaid has announced the release of Income, a beta product looking to simplify income verification so customers can secure loans, qualify for mortgages, rent apartments, lease vehicles, and more. Since its founding in 2013, Plaid has collected $309.3 million in funding. Its most recent valuation was $5.3 billion.

Finance 213

Finance Pre-approval Banks Investor 213

Housing Wire

DECEMBER 20, 2021

The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. A component of the American Rescue Plan Act, it was approved by Congress in March. Department of the Treasury approval. Each state must also submit its own HAF plans to the Treasury for approval.

Pre-approval 337

Pre-approval Loans Mortgages Principal 337

Housing Wire

APRIL 22, 2024

I’d be happy to email you a copy of their pre-approval letter. There are loan programs available that allow as little as 3.5% Targeting investors and tailoring your real estate prospecting letters to their needs and is very smart. I work with many investors and want to introduce myself as a resource to you.

Brokerage 351

Brokerage Investor Agents Pre-approval 351

Realtor.com

APRIL 30, 2021

Home loans aren’t one size fits all, but come in a variety of forms to suit home buyers in different circumstances. Still, in addition to a home’s price, you should carefully consider the type of loan you get. So what’s the difference between these two types of home loans? But which kind of mortgage should you get?

Fixed-rate mortgage 111

Fixed-rate mortgage Loans Mortgages Pre-approval 111

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. On the other hand, there’s the potential disappointment that you could find out you don’t qualify and get denied for a loan.

Pre-approval 95

Pre-approval Debt-to-income ratio Pre-qualification Mortgages 95

Marco Santarelli

APRIL 24, 2024

Should you put your homebuying dreams on hold, hoping for rates to decrease, or lock in a loan now? There's no magic formula, but let's dissect the situation like a savvy real estate investor. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers.

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I’m not really focused on the margins for this quarter,” Ishbia told investors in UWM’s second-quarter earnings call. “It’s

Equity 403

Equity Loan Officer Loans Mortgages 403

Housing Wire

SEPTEMBER 14, 2020

Low interest rates have kept refinance loan volumes robust, but no one knows for how long. While other industries have learned to deliver high levels of customer engagement and satisfaction to online consumers, too many lenders are still originating loans much as they were 20 years ago. Is this a low-risk, low-LTV loan?

Lending 448

Lending Mortgages Technology Loans 448

Housing Wire

FEBRUARY 8, 2022

We service their loans. Servicers, lenders and investors dealt with a tsunami of 7.7 The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge. When the pandemic hit, and they put their loan into forbearance, it was quite easy. of the U.S.

Loans 353

Loans Pre-approval Mortgages Principal 353

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. Rising interest rates, which have climbed back above 7% for a 30-year loan, are likely culprits. in the last quarter.

Mortgages 102

Mortgages Marketing Equity Pre-approval 102

HomeLight

AUGUST 31, 2021

If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. . In addition to 12 years of experience as a real estate agent, Forney has personal experience using a 203(k) loan to purchase and fix up his first home.

Loans 90

Loans FHA loan Pre-approval Finance 90

Real Trends

JUNE 14, 2023

Agents, our world now has higher mortgage rates , fewer qualified buyers, fewer investors transacting, and a whole lot of uncertainty. You don’t have to know how to do loans yourself, but you do need to know what questions to ask of the lenders you’re dealing with. Not all lenders specialize in all types of loans.

Pre-approval 66

Pre-approval Mortgages Loans Loan Officer 66

Realty Biz

AUGUST 3, 2023

Can investors benefit from virtual renovations Certainly! Investors, particularly those involved in real estate, can significantly benefit from virtual renovations. Here's a detailed look at how virtual renovations can be a valuable asset for investors. This insight aids in making informed investment decisions.

Renovation 77

Renovation Pre-approval Investor Construction 77

Lighter Side of Real Estate

OCTOBER 11, 2023

5% Down Payment Loans for Multifamily Properties If a 15-25% down payment has been a hurdle for you to invest in a multifamily property, you might be interested to know that Fannie Mae just announced that they will be offering loans for multifamily homes with as little as 5% down payment for owner-occupied properties with 2, 3 or 4 units.

Pre-approval 98

Pre-approval FHA loan Loans Investor 98

Marco Santarelli

SEPTEMBER 22, 2023

A housing bubble is a period marked by an unusual spike in housing prices fueled by high demand and low supply , speculation by investors, and exuberant spending. Speculative buying : Investors who are buying homes as investments, rather than as primary residences, are driving up demand and contributing to a housing bubble.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

Norada Real Estate

JUNE 22, 2022

” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Among them, non-recourse loans, hard money loans, and private loans are the most popular. In the case of a Non-Recourse Loan, the investor puts an asset forward.

Finance 90

Finance FHA loan Investor Loans 90

Housing Wire

AUGUST 23, 2023

Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. The other thing we have to do is use technology to predict which customers can qualify for One Day Mortgage based on just the data that’s in their pre-approval.

Debt-to-income ratio 360

Debt-to-income ratio Technology Mortgages Pre-approval 360

Lighter Side of Real Estate

DECEMBER 7, 2022

Only time will tell if either of those will happen to the extent some buyers are hoping for, but while they’re waiting it out, it might be the perfect time for real estate investors to get themselves a deal on a rental property. With rates rising and the market slowly shifting, investors will start to see more opportunities.

Pre-approval 83

Pre-approval Investor Short sale Equity 83

Marco Santarelli

APRIL 26, 2024

It's a question that weighs heavily on the minds of homeowners, potential buyers, and real estate investors. So, what does this mean for you, the homeowner, the potential buyer, or the investor? They can help you decipher complex financial data, understand different loan options, and guide you through the pre-approval process.

Mortgages 52

Mortgages Pre-approval Investor Closing costs 52

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

Pre-approval 99

Pre-approval Pre-qualification FHA loan Inspection 99

HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

Pre-approval 103

Pre-approval Short sale Banks Finance 103