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Housing Wire
MARCH 25, 2021
If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. Yes, we’re talking about a bridge loan. The post What is a bridge loan?
Housing Wire
APRIL 4, 2022
The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation “waterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input. FHA’s 40-year loan modification option has been in the works for quite some time.
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Housing Wire
JANUARY 31, 2021
The post Loan servicing solutions appeared first on HousingWire. Sponsored Content Loan servicing Loan Servicing Solutions loan servicing special reports Magazine Special Reports
Housing Wire
DECEMBER 20, 2021
Redwood completed more than $1 billion worth of private-label securitizations involving jumbo and business-purpose loans in the third quarter of this year alone, U.S. High balance loans divert capital and other resources to activity that does nothing to promote affordable housing.”.
Housing Wire
MAY 25, 2022
The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. The post VA removes pre-approval process for some loans?
Housing Wire
JANUARY 12, 2022
Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S. Adjustable-rate mortgage (ARM) share of activity dipped to 3.1 % of total loan applications. Mortgage applications climbed 1.4%
Housing Wire
JUNE 6, 2022
The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Back in early April, the FHA introduced a proposed rule for a 40 year loan modification option.
Housing Wire
OCTOBER 1, 2021
PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels. The post PennyMac, UWM raise conforming loan limit ceiling appeared first on HousingWire.
The Mortgage Report
MAY 9, 2022
Conforming loans are the most common type of mortgage. Use this conforming loan guide to learn more. Conforming Mortgages Conventional Loans Conforming Loan Limits conforming loan programs conforming loan rates conforming loan vs conventional loan what are conforming loan requirements?
Housing Wire
JUNE 3, 2022
Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2
Housing Wire
JUNE 9, 2022
Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.
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Housing Wire
APRIL 5, 2022
Dubbed the “Fast 15 Guarantee,” eligible loans for conventional single family homes will be cleared to close in no more than 15 business days from the submission of a complete loan file, according to Rocket Pro TPO, the wholesale arm of the lending giant.
Housing Wire
MARCH 3, 2021
MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. Both programs are offered for loan values from $400,000 to $3 million.
Housing Wire
JUNE 10, 2022
Mortgage lenders Doorway Home Loans and Priority Mortgage Thursday announced a merger, the latest of many such deals made during a challenging mortgage market. Danilowicz will remain CEO of Doorway Home Loans, per terms of the deal.
Housing Wire
SEPTEMBER 30, 2021
The Department of Veterans Affairs announced this week that it is extending the timeframe for borrowers to request loan deferment. According to the VA’s circular, servicers may continue offering loan deferment until July 1, 2023, thus pushing the deadline nearly two additional years.
Housing Wire
NOVEMBER 24, 2020
The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $131,250.
Eyes on Housing
MAY 10, 2022
In the first quarter of 2022, the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed a significant net share of banks reporting more relaxed lending standards and weaker demand for most categories of residential real estate (RRE) loans.
Housing Wire
JULY 12, 2022
The loan quality of mortgage pools backing private-label securitization (PLS) deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. .
Housing Wire
OCTOBER 2, 2020
According to the report, the portfolio-held and private labeled security loans were largely responsible for the recent increase, with forbearance share gaining from 7.1% to 7.3% – a total of 28,000 new loans in forbearance.
Housing Wire
DECEMBER 2, 2020
Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. In 125 counties, FHA’s loan limits will remain unchanged.
Eyes on Housing
JULY 27, 2022
Conventional loans financed 74.8% Read More › Economics 30-year fixed-rate mortgage conventional loans conventional loans market share FHA FHA loans financing new home cash purchases new home sales sales by financing VA VA loans
Housing Wire
OCTOBER 11, 2021
Earlier in the month, PennyMac Financial and United Wholesale Mortgage publicly announced that they are each raising their conforming loan ceilings by 14%, nearly two months ahead of the Federal Housing Finance Agency ‘s official decree.
Housing Wire
APRIL 7, 2022
Fannie Mae is marketing its 25th sale of reperforming loans since its first offering six years ago and its second sale so far in 2022. The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets , with bids due by May 3, 2022.
Housing Wire
MARCH 16, 2022
United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, announced on Wednesday it will accept personal or business bank statements in self-employed borrowers’ loan applications. The product is available for loans up to $3 million and up to 90% loan to value.
Housing Wire
MARCH 23, 2022
This is the second new non-QM product the Pontiac-based lender has launched this month – the wholesale lender also unveiled a bank statement loan product for self-employed borrowers. The post UWM targets real estate investors with new loan product appeared first on HousingWire.
Housing Wire
JUNE 29, 2022
Angel Oak Home Loans named Steven Valladares as vice president of correspondent sales, a move that comes as the firm increasingly works to grow its correspondent channel. The correspondent business line is focused on purchasing and servicing home loans in the secondary market.
Housing Wire
JUNE 28, 2022
Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). .
Housing Wire
DECEMBER 2, 2021
On Tuesday, the Federal Housing Finance Agency revealed the much-anticipated conforming loan limits for 2022, with the baseline number jumping by 18% to $647,200. It’s the largest-ever annual increase in the size of loans eligible to be bought by Fannie Mae and Freddie Mac.
Housing Wire
DECEMBER 9, 2020
I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. Lonnie Glessner isn’t normally one to turn down business. But with origination volume expected to exceed $3.4
Housing Wire
JANUARY 31, 2022
As more homeowners exit forbearance and move into permanent loan workout solutions, servicers need to be nimble in assisting borrowers figure out their next steps. The post Loan servicing solutions special reports appeared first on HousingWire.
Housing Wire
JANUARY 29, 2021
Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years.
Housing Wire
FEBRUARY 4, 2022
” In March 2021, UWM CEO Mat Ishbia announced on Facebook Live that mortgage brokers who did business with Rocket Mortgage or Fairway Independent Mortgage could not also send loans to UWM as of March 15. “This company had hundreds of loans.
Housing Wire
APRIL 19, 2022
The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. The administration added that some loans funded through mortgage revenue bonds may not qualify for the new loss mitigation option.
Housing Wire
SEPTEMBER 29, 2020
In the decade since Fannie Mae launched the industry’s first multifamily green initiative, the GSEs and FHA have provided over $150 billion in multifamily green loans, conserving energy, water, and reducing carbon emissions in properties across the country.
Housing Wire
FEBRUARY 8, 2022
Fannie Mae this week unveiled its 24th sale of reperforming loans since its first offering in 2016. The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets , with bids due by March 1, 2022.
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