The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. Its also important to know that short sales can take months to complete.

Pre-approval

Redfin

JULY 8, 2025

This notice informs the homeowner that they have missed a specified number of mortgage payments and are in default of their loan agreement. If this isn’t feasible, homeowners can explore options such as loan modification, a repayment plan, or forbearance with their lender. Q: Can a homeowner stop a preforeclosure?

Purchase and sale agreement

Redfin

JULY 23, 2025

If you’re underwater on your mortgage (you owe more than your home is worth), you might consider a short sale. A short sale allows you to sell the home for less than you owe, with lender approval. Short sale requirements: You must prove financial hardship. List the home quickly Time is critical.

Pre-approval

Redfin

JULY 31, 2025

This number includes your remaining loan balance plus any unpaid interest, and in some cases, early payment fees or administrative costs. Some homeowners also explore loan assumptions or modifications, depending on the type of loan and lender flexibility. This payoff amount is the baseline for all your other calculations.

Mortgages

Redfin

JULY 21, 2025

Financing: Loans for fixer-uppers can get a little more complicated than an average home loan. Real estate auctions are another way to find fixer-upper homes for sale. You can also look at foreclosures and short-sale properties as they’re often sold below market value.

Renovation

Redfin

MARCH 4, 2025

You can tap into your home equity with a home equity loan or a home equity line of credit (HELOC). Step 5: Calculate your loan-to-value ratio (LTV) A key calculation in understanding your home equity is the loan-to-value ratio (LTV). LTV is the ratio of your current mortgage loan to the homes appraised value.

Equity

Redfin

JUNE 23, 2025

If payments remain unpaid, your loan can eventually go into default, and the foreclosure process may begin. This damage can remain on your credit report for up to seven years, affecting your ability to secure future loans, credit cards, or rental agreements. 180+ days late: The lender may schedule an auction or sheriff’s sale.

Mortgages

AAOA

JUNE 23, 2025

Have your loan or financing options in order before starting your property search so you’re working with a realistic investment budget and can shop accordingly. You might also consider looking for inventory through non-traditional avenues, such as auctions, short sales, and wholesalers. Secure your financing.

Investor

Marco Santarelli

APRIL 27, 2025

Now, imagine you have the resources to just walk in, pick your spot, and pay for it right there and then, without needing a loan. My short answer? The financed offer comes with contingencies (like getting the loan approved, the house appraising high enough). That's the power of buying a house with cash. The cash offer?

Finance

Housing Wire

FEBRUARY 27, 2025

And delinquencies are growing much more quickly in the government lending segment as Federal Housing Administration (FHA) loans and U.S. Department of Veterans Affairs (VA) loans had past-due shares of 11% and 4.7% If not, other long-term options such as loan modifications, deed-in-lieu agreements, or short sales may be available.

Mortgages

Afford Anything

JUNE 10, 2025

In 2011, I bought a 3,300-square-foot primary residence as a short sale in a highly desirable neighborhood for $645,000. I owe $350,000 on a 15-year loan at 2.75 After a year-long battle for permits, I built a second home on the same one-third-acre lot: A 1,800-square-foot house that’s perfect for me.

HR

Redfin

JUNE 23, 2025

Many people searching for this topic want to know: What happens when you inherit a home that still has an outstanding loan? The short answer is that you typically become responsible for the mortgage payments, and you’ll need to decide whether to keep the home, sell it, or explore other options. Can you inherit a house with a mortgage?

Mortgages

AAOA

MAY 5, 2025

Get a Free Multifamily Loan Quote Access Non-Recourse, 10+ Year Fixed, 30-Year Amortization GET A FREE QUOTE Types of Distressed Properties to Invest In Distressed propertiesfall into various categories. Websites like theMultiple Listing Service (MLS)often list foreclosures, bank-owned properties, and short sales.

Bankruptcy

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. This means that lenders who sell these types of loans to Fannie Mae and Freddie Mac will be subject to restrictions if their volume exceeds 7%. How does this impact originators?

Loans

Housing Wire

SEPTEMBER 9, 2020

The share of loans with payments 90 days to 119 days late quadrupled between May and June, rising to 2.3%, the highest level in more than 21 years, said Frank Nothaft, CoreLogic’s chief economist. While they have permission to miss their payments, the mortgage industry still counts the loans as delinquent. Currently, about 3.6

Short sale

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

Short sale

Housing Wire

MARCH 26, 2024

Of these actions, 2.682 million have been permanent loan modifications and 3.519 million actions have been other forms of assistance that allowed troubled borrowers to stay in their homes. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. More than 45% of the 1.7

Sales

Housing Wire

NOVEMBER 15, 2022

There will always be a population of borrowers who cannot qualify for a home loan under traditional guidelines. Originators who actively work within the non-QM space are closing additional loans every month. The solution: Bank Statement loans. . Angel Oak’s Bank Statement loan is ideal for the self-employed.

Bankruptcy

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. for 30-year fixed-rate loans. Home sales rise to a 16-year high.

Marketing

Housing Wire

JULY 1, 2022

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% were “combination modifications,” where interest rate reductions and term extensions are applied to a loan to help bring down a borrowers mortgage payment.

Banks

Housing Wire

JUNE 22, 2021

Fannie Mae and Freddie Mac loans once again made up the smallest share at 2.05% ? while Ginnie Mae loans in forbearance fell 7 basis points to 5.15%. The percentage of loans in forbearance for depository servicers also dropped 3 basis points to 4.16%. resulted in a loan deferral/partial claim. Another 24.1%

Short sale

Housing Wire

JULY 30, 2024

The next largest share within that segment was related to borrowers expressing frustration in communicating with a company to fix an issue in either the management or servicing of a loan.

Mortgages

Housing Wire

JUNE 18, 2024

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. However, many borrowers could not get in contact with anyone at the loan servicing operation. Department of Housing and Urban Development (HUD).

Loans

Housing Wire

JUNE 8, 2022

Solutions like active listing scan will help customers “close more loans more quickly,” he added. . In May, the inventory of homes for sale rose 8%, marking the first inventory rebound since June 2019. Xactus, with its mortgage verification suite, aims to close more loans quickly and enhance profitability.

Short sale

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

Short sale

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

Short sale

Housing Wire

SEPTEMBER 16, 2021

It is important to note that in MBA’s NDS, loans are marked as delinquent if payments are not made in accordance with the terms of the mortgage. Thus, even if loans are in forbearance, if the borrower does not make a payment, the loan is counted as delinquent. Source: MBA’s National Delinquency Survey. This represents about 1.5

Mortgages

Housing Wire

APRIL 8, 2021

The increased market size Wells refers to is best demonstrated in the third-party buyer sales rate for foreclosures brought to auction on the Auction.com platform compared to the overall market. Short sales really provide for a graceful exit from the property if the homeowner can no longer afford the mortgage,” Wells said. “So

Equity

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale

Housing Wire

APRIL 12, 2021

Holmes said the new integration enables commercial and private money loan officers using LendingWise to streamline their processes and obtain a business owner’s credit report from Credit Plus – without leaving the LendingWise platform. Download this case study to find out about the integration process and the results it yielded.

Commercial

Housing Wire

MAY 9, 2022

A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. With all the nested equity built in, a foreclosure process at scale would have to occur in a deep job loss recession with loans done late in an economic expansion. Then, after all that, the great financial crisis happened.

Short sale

Housing Wire

MAY 18, 2022

” The report found that close to 330,000 homeowners with delinquent loans exited forbearance at the end of last year with no loss mitigation solution in place. Of that sum, 274,000 were federally backed loans. Of the 8 million borrowers that opted for forbearance, close to 90% have exited, the report stated.

Loans

HomeLight

SEPTEMBER 6, 2022

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

Short sale

Housing Wire

NOVEMBER 20, 2024

The platform will feature “enhanced” risk assessment by incorporating new data points, including updated market conditions and loan performance data in its assessment functionality. Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan.

Bankruptcy

Housing Wire

NOVEMBER 3, 2023

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales. Total credits to borrower cannot exceed actual closing costs.

Closing costs