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Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. With a purchase market, of course, comes higher production costs and weaker margins. Let’s admit it. 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
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
Census Bureau reveals that conventional loans financed the most new home sales in a quarter since 2007. The share of sales backed by conventional loans in the third quarter was 71.8%–the largest share since Q4 2018, but well below the housing boom peak of 91.7% (Q4. 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
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
VA loans are having a record 2020. According to mortgage lender Veterans United Home Loans, the VA loan program backed more than 865,000 loans so far this year. The post Report: VA Loans Surge Amidst Pandemic appeared first on RISMedia's Housecall. 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
Banking & Lending Industry News Markets & Economy Mortgage News Brief ATTOM Data Solutions baby boomers baltimore Chris Birk gen x honolulu loans los angeles millennials mortgage refinancing san diego U.S. 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
VA loan rates are typically the lowest on the market, even below FHA or conventional mortgage rates. Find out if you qualify for a low-rate VA loan. Mortgage Products Mortgage Rates VA Loans VA Refinance MORE
This HousingWire Daily interview transcription features an interview with Caliber Home Loans ’ Brandon Bialkowski and Vanessa Accra. In this episode, the loan consultants discuss Arizona’s hot housing market , which is experiencing a significant uptick in homebuyer migration. 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
In addition to the struggles of maintaining clear lines of communication, consumer safety became a major concern in real estate technology as the risk wire and title fraud also began to climb as loan volumes increased. 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
Soaring production revenues – led by strong secondary marketing gains – drove these results and more than offset an increase in production expenses.”. On a per-loan basis, production revenues increased to $12,987 per loan in the third quarter, up from $11,686 per loan in the second quarter. 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
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
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
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
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
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
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
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
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
OCTOBER 2, 2020
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.
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
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
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
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
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
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 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
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
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
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
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
Eye on Housing
OCTOBER 27, 2020
Census Bureau reveals that conventional loans financed the most new home sales in a quarter since 2007. The share of sales backed by conventional loans in the third quarter was 71.8%–the largest share since Q4 2018, but well below the housing boom peak of 91.7% (Q4.
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
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
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
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
MARCH 1, 2021
Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. With a purchase market, of course, comes higher production costs and weaker margins. Let’s admit it.
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.
RISMedia
AUGUST 31, 2020
VA loans are having a record 2020. According to mortgage lender Veterans United Home Loans, the VA loan program backed more than 865,000 loans so far this year. The post Report: VA Loans Surge Amidst Pandemic appeared first on RISMedia's Housecall.
Housing Wire
FEBRUARY 16, 2021
This HousingWire Daily interview transcription features an interview with Caliber Home Loans ’ Brandon Bialkowski and Vanessa Accra. In this episode, the loan consultants discuss Arizona’s hot housing market , which is experiencing a significant uptick in homebuyer migration.
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.
The Mortgage Report
OCTOBER 14, 2020
VA loan rates are typically the lowest on the market, even below FHA or conventional mortgage rates. Find out if you qualify for a low-rate VA loan. Mortgage Products Mortgage Rates VA Loans VA Refinance
Housing Wire
DECEMBER 3, 2020
Soaring production revenues – led by strong secondary marketing gains – drove these results and more than offset an increase in production expenses.”. On a per-loan basis, production revenues increased to $12,987 per loan in the third quarter, up from $11,686 per loan in the second quarter.
Inman
SEPTEMBER 9, 2020
The market composite index, which measures mortgage loan application volume, increased by 2.9 percent on a seasonally adjusted basis.
Housing Wire
DECEMBER 14, 2020
In addition to the struggles of maintaining clear lines of communication, consumer safety became a major concern in real estate technology as the risk wire and title fraud also began to climb as loan volumes increased.
Inman
AUGUST 20, 2020
Banking & Lending Industry News Markets & Economy Mortgage News Brief ATTOM Data Solutions baby boomers baltimore Chris Birk gen x honolulu loans los angeles millennials mortgage refinancing san diego U.S.
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