Housing Wire

JANUARY 31, 2021

After a tumultuous year of disruption and uncertainty in 2020, mortgage servicing continues to change in order to meet consumer needs, regulatory demands and best practices. These regulations regarding mortgage compliance change regularly which impacts how servicers manage their portfolios.

Technology 367

Technology Real-estate owned Loans Mortgages 367

Calculated Risk Real Estate

DECEMBER 8, 2023

homeowners with mortgages (which account for roughly 63% of all properties) saw home equity increase by 6.8% million homes or 2% of all mortgaged properties. . million homes or 2% of all mortgaged properties. of loans are under 3%, 60.3% Delinquency is the failure to make mortgage payments on a timely basis.

Equity 113

Equity Real-estate owned Lending Loans 113

Calculated Risk Real Estate

MARCH 13, 2024

The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.6% of all mortgaged properties. of loans are under 3%, 59.4% million homes or 2.1% Currently 22.6%

Equity 69

Equity Real-estate owned Lending Loans 69

Calculated Risk Real Estate

SEPTEMBER 11, 2023

Last week, CoreLogic reported on homeowner equity: CoreLogic: Home Equity Increases From Winter to Spring, Reducing Underwater Properties in Q2 Only 2% of homeowners with a mortgage were in negative equity as of the second quarter, roughly the same rate recorded over the past two years. of loans are under 3%, 61.3% Currently 23.3%

Equity 67

Equity Real-estate owned Lending Loans 67

Realtor.com

JANUARY 29, 2023

When a homeowner doesn’t pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is a scary word and it’s become a real concern for homeowners as the economy continues to fluctuate. Here’s what you need to know.

Banks 104

Banks Loans Mortgages Real-estate owned 104

Housing Wire

MAY 8, 2024

Ellington Financial , the parent company of top-five reverse mortgage lender and servicer Longbridge Financial , reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. Ellington chief financial officer J.R.

Mortgages 218

Mortgages Marketing Loans Finance 218

Housing Wire

APRIL 8, 2021

If a property reverts back to the foreclosing lender at the foreclosure sale and becomes real estate owned (REO), the distressed homeowner is not due any surplus proceeds from a subsequent sale of the REO property.”. a foreclosure sale with a $100,000 credit bid requires a winning bid of at least $100,001).

Equity 421

Equity Short sale MLS Sales 421

Calculated Risk Real Estate

DECEMBER 13, 2023

Historically it takes a number of years for real prices to return to the previous peak, see House Prices: 7 Years in Purgatory. 30-Year Mortgage Rates Have Declined, but Remain Above 7% The following graph from MortgageNewsDaily.com shows mortgage rates since January 1, 2010. This is historically very low.

Marketing 107

Marketing Principal Mortgages Real-estate owned 107

Realty Biz

JULY 19, 2022

Pre-foreclosures are commonly confused with the foreclosure process and REOs (real estate owned by a lender). A house enters the pre-foreclosure process after the owner misses one or more mortgage payments and the lender sends a Notice of Default (NOD). Pre-foreclosures are Confusing to Many People.

Purchase and sale agreement 101

Purchase and sale agreement Short sale Loans Inspection 101

Realty Biz

JANUARY 1, 2021

A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Bank-Owned Properties. These are referred to as REO or real estate owned.

Short sale 116

Short sale Pre-approval Banks Loans 116

HomeLight

AUGUST 31, 2021

We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments.

Pre-approval 98

Pre-approval Short sale Banks Finance 98

Housing Wire

MARCH 24, 2023

According to the report, about 37% of the loan modifications completed in Q4 reduced borrowers’ monthly payments by at or over 20%. Rising rates led to a reduction in mortgage refinances during that quarter, declining to 111,251 in Q4 2022, down from 194,189 the previous quarter.

Fixed-rate mortgage 411

Fixed-rate mortgage VA loan FHA loan Loans 411

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. If you’re searching for HUD homes, you won’t find them on most real estate sites. What is a HUD home?

Pre-approval 94

Pre-approval Pre-qualification FHA loan Inspection 94

HomeLight

AUGUST 31, 2020

The path to foreclosure begins with a homeowner struggling to make their mortgage payments. When a homeowner can’t make their payments, they may either try to sell their home before they get too far behind on their mortgage, or they could simply let the loan go into default. Distressed or short sales. Foreclosure and auction.

Short sale 89

Short sale Sales Banks Inspection 89

McKissock

NOVEMBER 13, 2020

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” However, inspecting these types of properties can be dangerous.

Inspection 88

Inspection Short sale Title Real-estate owned 88

Lab Coat Agents

NOVEMBER 16, 2021

Overall, it means that you invest in real estate either through equity (owning the property) or debt (borrowing money) (loaning the funds to buy the property). You can earn monthly cash flow, capital gains through appreciation, or interest on your loan no matter how you invest in real estate.

Debt-to-income ratio 98

Debt-to-income ratio Equity Investor Real-estate owned 98

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land lease 414

Land lease Land Lending Equity 414

Point2Homes

JUNE 23, 2021

Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. The main appeal of real estate-owned properties is that they can be a better deal than buying from a private owner.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

Housing Wire

FEBRUARY 25, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. The new date matches the moratorium set by HUD for FHA and USDA loans. 22, the Mortgage Bankers Association estimates 2.6

Mortgages 513

Mortgages Real-estate owned Finance Loans 513

HomeLight

SEPTEMBER 30, 2020

John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent. The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. Where can you find foreclosure auctions?

Due diligence 98

Due diligence Hard money loan Finance Banks 98

Housing Wire

DECEMBER 2, 2020

The Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Jan. This extension gives peace of mind to the more than 28 million homeowners with an Enterprise-backed mortgage,” said Calabria. Presented by: VRM Mortgage Services.

Mortgages 523

Mortgages Real-estate owned Finance Loans 523

HomeLight

SEPTEMBER 1, 2020

When a homeowner stops making mortgage payments , eventually the bank will foreclose on their house, and the property will become bank-owned. The steps in between the first missed mortgage payment and a bank-owned foreclosure follow a pattern like this: The homeowner fails to make at least three consecutive months of mortgage payments.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

AUGUST 31, 2020

What is a bank-owned home? A bank-owned home, also known as “real estate owned” (or REO for short), refers to properties that have been foreclosed with the ownership transferring to the bank or lender. It gets to that phase after the borrower defaults on mortgage payments for a period of time.

Banks 93

Banks Inspection Inspection contingency Title 93

Lab Coat Agents

JANUARY 10, 2022

Overall, it means that you invest in real estate either through equity (owning the property) or debt (borrowing money) (loaning the funds to buy the property). You can earn monthly cash flow, capital gains through appreciation, or interest on your loan no matter how you invest in real estate.

Debt-to-income ratio 59

Debt-to-income ratio Investor Renovation Equity 59

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. Properties get to this point after the borrower stops making mortgage payments for a period of time. And that’s a big problem.” (For Why bother buying REO homes?

Banks 104

Banks Pre-qualification Investor Short sale 104

Housing Wire

NOVEMBER 20, 2020

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

Technology 412

Technology Mortgages Commercial Inspection 412

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. Comments from the mortgage industry are due by May 31. However, the rate is still elevated compared to pre-pandemic times.

Loans 516

Loans FHA loan Mortgages Real-estate owned 516

HomeLight

MAY 17, 2022

A preforeclosure means the homeowner has stopped making payments or fallen behind on their mortgage payments. However, unless homeowners can come current on their current mortgage or negotiate a loan modification, they will lose their home. Real-estate owned (REO) homes. That means one loan and one closing.

Inspection 93

Inspection Banks Short sale Title 93

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. They’re all great ways to find REO homes in your area.

Agents 80

Agents Banks MLS Title 80

Easy Agent Pro

DECEMBER 29, 2020

Economists are, for the most part, predicting a red-hot year for real estate in 2021. homeowners will be on the hook for delinquent payments when mortgage forbearance ends,” according to Daryl Fairweather, chief economist of Redfin. In February, pre-CARES Act, 10,438 FHA loans were in foreclosure. million U.S.

FHA loan 83

FHA loan Agents Loans Sales 83

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. Although the process varies by state, the foreclosure process generally begins when a borrower defaults or misses at least one mortgage payment.

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

Real Trends

JANUARY 25, 2023

After a record-setting year in 2021, when homes sold within hours of being listed, the market cooled drastically in 2022 as mortgage rates rose. It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche.

Homeowner’s association 75

Homeowner’s association Finance Agents Short sale 75

HomeLight

MARCH 10, 2023

If you need to finance the home with a mortgage, there are a few options you should consider: Hard money loans: These are loans from private lenders for short periods of time — they can come with higher interest rates and can be risky for inexperienced investors. Money was cheap but it’s not cheap anymore.” Wise agrees.

House Flipping 88

House Flipping Renovation Investor Finance 88

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). 4 Loan Questions Worth Asking.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

Housing Wire

MARCH 3, 2021

Student loan debt is in his crosshairs, too. ” According to the most recent numbers reported by the Mortgage Bankers Association , the U.S. million borrowers with mortgages in forbearance plans. It also extended moratoriums on single-family foreclosures and real estate owned evictions through June 30, 2021.

Marketing 523

Marketing Loans Banks Real-estate owned 523

RIS Media

AUGUST 30, 2020

31, 2020, is effective immediately and applies to properties with single-family mortgages backed by Fannie Mae. The suspension of evictions applies only to homes owned by Fannie Mae and does not apply to tenants in homes that have not been foreclosed. The moratorium, which was previously set to expire on Aug. Source: Fannie Mae.

Mortgages 70

Mortgages Real-estate owned Lending Loans 70

Housing Wire

JANUARY 20, 2021

Brian Deese, Biden’s choice to lead the National Economic Council , said the president will call upon the Centers for Disease Control and Prevention and the departments of Veterans Affairs , Agriculture and Housing and Housing and Urban Development , to aid in an immediate extension of their federally backed mortgages. 28, 2021.

Loans 542

Loans Real-estate owned Mortgages Finance 542