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Low rates and increased demand mean prices are soaring on what stock is available – and what’s available isn’t staying on the market for long. According to Lind, one way for existing housing stock to be expanded and improved upon is through investors or developers using fix’n’flip loans. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it. With tightened housing stock supply, the competition for home buyers is fierce this year. MORE
In June, the bureau released two proposals regarding the QM Patch, which allows loans sold to Fannie Mae or Freddie Mac to exceed the 43% debt-to-income ratio the Bureau had established in its Ability to Repay/Qualified Mortgage rule. MORE
Loan servicers operate between a rock and a hard place today. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. Outstanding FHA and VA loans make up about 20% of the market. MORE
According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. The post Student loans hinder saving for a down payment, NAR finds appeared first on HousingWire. MORE
The post Market-Specific Home Buying Strategies appeared first on American Lifestyle Magazine. Buying & Selling Buying Market Financial Home Buying Home Loan Investment Loan Mortgage Real Estate Real Estate Agent Real Estate Questions Savings MORE
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. MORE
Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing. MORE
While the rate of forbearance increased across all loans and servicer types, for the first time in 25 weeks, the share of Fannie Mae and Freddie Mac loans in forbearance increased to 3.36% — a 1-basis-point gain. The U.S. MORE
Assuming these results stick, I offer here some informed speculation regarding the effects these changes in government leadership will have on three critical issues in housing: mortgage forbearance, student loan debt, and GSE conservatorship. The housing market has been a critical sector during this recovery from the COVID-19 lows, which, by the way, we won’t get back to — sorry those of you who believe in a W-shaped housing recovery. MORE
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter of 2020 – nearly tripling the average first-quarter gain of $1,600 per loan, according to a report by the Mortgage Bankers Association. MORE
As a result of Loan Protector’s recent acquisition by Proctor Financia l, Proctor Loan Protector is now the largest managing general agency (MGA) in the market, meaning it is neither owned by nor confined to a single insurance carrier. Proctor Loan Protector is able to shop rates among its carrier partners to find the best rates for clients and their borrowers. Sponsored Content LaunchPad proctor loan protector MORE
forbearance rate measuring the share of mortgages with suspended payments fell 16 basis points to 5.67% last week, with four of the five loan types dropping by double-digit basis points, according to the Mortgage Bankers Association. The U.S. MORE
Nonbank lenders and mortgage subsidiaries of chartered banks reaped the rewards – they nearly tripled their profit per loan last year. Since the MBA began tracking the stat in 2008, net production income by year has averaged 58 basis points ($1,299 per loan). MORE
As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. Due to tight inventory and increased competition, investors need to close on loans quickly. MORE
EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8 EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. Bank of America followed closely with 17,056 home improvement loans worth $2.39 MORE
Even before the coronavirus pandemic, some servicers struggled to streamline the loan processes — especially when dealing with properties with higher valuation fees, operational costs, and longer loan processing times. Mortgage servicers are staying busy. MORE
The Federal Housing Finance Agency announced on Tuesday it is delaying the implementation of its adverse market refinance fee to Dec. But what about lenders whose refi loans were locked with closing dates after Sept. unless the loan has already been purchased. MORE
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. MORE
Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market. Rich Tucker: Our Loan Operations team is pivotal to our success as a company. MORE
Rocket Mortgage has eclipsed the Quicken Loans brand in the minds of consumers so the company plans to officially change its name on July 31. Industry News Marketing Mortgage Select Jay Farner Quicken Loans Rocket Homes Rocket Mortgage MORE
For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway. The post Renovation loans get pandemic boost as homeowners want home offices appeared first on HousingWire. MORE
To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months. MORE
As record-low interest rates drive a refinance boom and spikes in mortgage applications, many businesses are adjusting to the present market. “We’re One of the drivers for a pivot to profit is that loans are expensive. Uncover marketing efficiencies. MORE
JPMorgan Chase has tightened mortgage terms on jumbo loans for co-operatives and condominiums in Manhattan amid shrinking buyer demand, Bloomberg reported on Friday. Chase announced that, beginning this week, it would limit jumbo loans to 70% of the sale price. MORE
On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space. Dan Gilbert started Quicken Loans as a small brokerage in the Detroit area 35 years ago and grew it into the nation’s largest mortgage lender. MORE
Secondly, the coronavirus pandemic has created a critical need to provide timely and compassionate borrower relief in the form of forbearance and loan modifications. Today’s servicers are working in a challenging environment due to several compounding factors. MORE
DataTrace Information Services announced on Thursday its launch of MarketView – a platform that will provide title companies with accurate market insights including existing market share. MORE
Getting a loan for your investment property can be tricky but it doesn’t have to be impossible. Read our blog for a simple guide on how to get your investment loan. Concept of loan with icons on wooden cubes. Different loans to consider. Hard money loans. MORE
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? MORE
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. MORE
With more borrowers exiting forbearance in the prior week, the share of loans in forbearance declined across all loan types. Approximately 23.95% of total loans in forbearance are in the initial stage, while 74.49% are in a forbearance extension. The U.S. MORE
The Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance , extending the temporary policy until Dec. The post FHFA will continue to buy loans in forbearance through Dec. MORE
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market. MORE
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. MORE
Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. The post Caliber Home Loans plans $2B-plus IPO appeared first on HousingWire. MORE
The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac. MORE
Black Knight provides industry-leading servicing solutions, which includes the best-in-class servicing platform, MSP, as well as several innovative capabilities that support all size portfolios and every aspect of servicing, from loan boarding to default. MORE
We wanted to introduce a program that provides borrowers with the larger loan amounts they need to purchase or refinance a high-value property. The Jumbo Prime program is designed for qualified borrowers who may have larger loan amounts than allowed under conventional loan terms. MORE
But as companies continue to compete on low rates, lenders are trying to balance maintaining a strong purchase presence with meeting client expectations in the refi market. 1 priority as the market continues its ebb and flow. “If MORE
With nearly 2 million extra overdue loans in the pipe, that’s approximately 3.4 million loans in total at December’s end. million the month prior, but remained a looming reminder of the the challenges facing the market in 2021, Black Knight said. MORE
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
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.
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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
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
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
NOVEMBER 2, 2020
With more borrowers exiting forbearance in the prior week, the share of loans in forbearance declined across all loan types. Approximately 23.95% of total loans in forbearance are in the initial stage, while 74.49% are in a forbearance extension. The U.S.
Housing Wire
NOVEMBER 9, 2020
forbearance rate measuring the share of mortgages with suspended payments fell 16 basis points to 5.67% last week, with four of the five loan types dropping by double-digit basis points, according to the Mortgage Bankers Association. The U.S.
Housing Wire
APRIL 21, 2021
The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac.
Housing Wire
NOVEMBER 9, 2020
JPMorgan Chase has tightened mortgage terms on jumbo loans for co-operatives and condominiums in Manhattan amid shrinking buyer demand, Bloomberg reported on Friday. Chase announced that, beginning this week, it would limit jumbo loans to 70% of the sale price.
Housing Wire
DECEMBER 1, 2020
While the rate of forbearance increased across all loans and servicer types, for the first time in 25 weeks, the share of Fannie Mae and Freddie Mac loans in forbearance increased to 3.36% — a 1-basis-point gain. The U.S.
Housing Wire
SEPTEMBER 2, 2020
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter of 2020 – nearly tripling the average first-quarter gain of $1,600 per loan, according to a report by the Mortgage Bankers Association.
Housing Wire
SEPTEMBER 23, 2020
For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway. The post Renovation loans get pandemic boost as homeowners want home offices appeared first on HousingWire.
Housing Wire
NOVEMBER 12, 2020
According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. The post Student loans hinder saving for a down payment, NAR finds appeared first on HousingWire.
Housing Wire
APRIL 13, 2021
Nonbank lenders and mortgage subsidiaries of chartered banks reaped the rewards – they nearly tripled their profit per loan last year. Since the MBA began tracking the stat in 2008, net production income by year has averaged 58 basis points ($1,299 per loan).
Housing Wire
MAY 12, 2021
Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing.
Housing Wire
JANUARY 12, 2021
We wanted to introduce a program that provides borrowers with the larger loan amounts they need to purchase or refinance a high-value property. The Jumbo Prime program is designed for qualified borrowers who may have larger loan amounts than allowed under conventional loan terms.
Housing Wire
JANUARY 31, 2021
Secondly, the coronavirus pandemic has created a critical need to provide timely and compassionate borrower relief in the form of forbearance and loan modifications. Today’s servicers are working in a challenging environment due to several compounding factors.
Housing Wire
JANUARY 6, 2021
To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months.
Housing Wire
AUGUST 7, 2020
As record-low interest rates drive a refinance boom and spikes in mortgage applications, many businesses are adjusting to the present market. “We’re One of the drivers for a pivot to profit is that loans are expensive. Uncover marketing efficiencies.
Housing Wire
OCTOBER 14, 2020
On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space. Dan Gilbert started Quicken Loans as a small brokerage in the Detroit area 35 years ago and grew it into the nation’s largest mortgage lender.
Housing Wire
AUGUST 18, 2020
But as companies continue to compete on low rates, lenders are trying to balance maintaining a strong purchase presence with meeting client expectations in the refi market. 1 priority as the market continues its ebb and flow. “If
Housing Wire
JANUARY 21, 2021
With nearly 2 million extra overdue loans in the pipe, that’s approximately 3.4 million loans in total at December’s end. million the month prior, but remained a looming reminder of the the challenges facing the market in 2021, Black Knight said.
Housing Wire
SEPTEMBER 9, 2020
In June, the bureau released two proposals regarding the QM Patch, which allows loans sold to Fannie Mae or Freddie Mac to exceed the 43% debt-to-income ratio the Bureau had established in its Ability to Repay/Qualified Mortgage rule.
Housing Wire
MAY 13, 2021
As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. Due to tight inventory and increased competition, investors need to close on loans quickly.
Housing Wire
JUNE 14, 2021
Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market. Rich Tucker: Our Loan Operations team is pivotal to our success as a company.
Housing Wire
AUGUST 28, 2020
The Federal Housing Finance Agency announced on Tuesday it is delaying the implementation of its adverse market refinance fee to Dec. But what about lenders whose refi loans were locked with closing dates after Sept. unless the loan has already been purchased.
Housing Wire
JANUARY 31, 2021
Even before the coronavirus pandemic, some servicers struggled to streamline the loan processes — especially when dealing with properties with higher valuation fees, operational costs, and longer loan processing times. Mortgage servicers are staying busy.
Housing Wire
JUNE 8, 2021
Low rates and increased demand mean prices are soaring on what stock is available – and what’s available isn’t staying on the market for long. According to Lind, one way for existing housing stock to be expanded and improved upon is through investors or developers using fix’n’flip loans. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it. With tightened housing stock supply, the competition for home buyers is fierce this year.
Housing Wire
FEBRUARY 22, 2021
As a result of Loan Protector’s recent acquisition by Proctor Financia l, Proctor Loan Protector is now the largest managing general agency (MGA) in the market, meaning it is neither owned by nor confined to a single insurance carrier. Proctor Loan Protector is able to shop rates among its carrier partners to find the best rates for clients and their borrowers. Sponsored Content LaunchPad proctor loan protector
Housing Wire
NOVEMBER 12, 2020
The Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance , extending the temporary policy until Dec. The post FHFA will continue to buy loans in forbearance through Dec.
Housing Wire
SEPTEMBER 23, 2020
Loan servicers operate between a rock and a hard place today. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. Outstanding FHA and VA loans make up about 20% of the market.
Housing Wire
JUNE 8, 2021
EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8 EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. Bank of America followed closely with 17,056 home improvement loans worth $2.39
Housing Wire
NOVEMBER 8, 2020
Assuming these results stick, I offer here some informed speculation regarding the effects these changes in government leadership will have on three critical issues in housing: mortgage forbearance, student loan debt, and GSE conservatorship. The housing market has been a critical sector during this recovery from the COVID-19 lows, which, by the way, we won’t get back to — sorry those of you who believe in a W-shaped housing recovery.
Housing Wire
MAY 20, 2021
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market.
Housing Wire
JANUARY 31, 2021
Black Knight provides industry-leading servicing solutions, which includes the best-in-class servicing platform, MSP, as well as several innovative capabilities that support all size portfolios and every aspect of servicing, from loan boarding to default.
Housing Wire
AUGUST 20, 2020
DataTrace Information Services announced on Thursday its launch of MarketView – a platform that will provide title companies with accurate market insights including existing market share.
Inman
MAY 12, 2021
Rocket Mortgage has eclipsed the Quicken Loans brand in the minds of consumers so the company plans to officially change its name on July 31. Industry News Marketing Mortgage Select Jay Farner Quicken Loans Rocket Homes Rocket Mortgage
Inman
SEPTEMBER 9, 2020
The market composite index, which measures mortgage loan application volume, increased by 2.9 percent on a seasonally adjusted basis.
Realty Biz
MAY 13, 2021
Getting a loan for your investment property can be tricky but it doesn’t have to be impossible. Read our blog for a simple guide on how to get your investment loan. Concept of loan with icons on wooden cubes. Different loans to consider. Hard money loans.
American Lifestyle
JUNE 14, 2021
The post Market-Specific Home Buying Strategies appeared first on American Lifestyle Magazine. Buying & Selling Buying Market Financial Home Buying Home Loan Investment Loan Mortgage Real Estate Real Estate Agent Real Estate Questions Savings
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