Housing Wire

JULY 11, 2023

The tool aims to identify inconsistencies between loan applications and borrower-provided documents to data accuracy. The Candor Pre-Check feature is one more tool lenders can use to improve their loan quality, become more efficient, and win in every market cycle,” said Candor CEO Tom Showalter.

Loans 246

Loans Technology Staging Investor 246

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 post All loan types continued to experience drop in forbearance appeared first on HousingWire.

Loans 436

Loans Staging Mortgages Banks 436

Housing Wire

SEPTEMBER 28, 2021

Loan origination-related consumer complaints rose significantly over the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau ’s (CFPB) report published last week. ” The post Loan origination complaints have spiked during pandemic appeared first on HousingWire.

Loans 350

Loans Staging Mortgages Finance 350

Housing Wire

APRIL 10, 2023

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

Title 331

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Housing Wire

JANUARY 8, 2021

After three consecutive weeks of increases , the number of mortgage loans in active forbearance fell by 92,000 the first week of 2021, according to a Friday report from Black Knight. Fannie Mae and Freddie Mac loans in forbearance fell 3.3% million loans in forbearance appeared first on HousingWire. of all mortgages, and 2.74

Loans 394

Loans Title Staging Mortgages 394

Housing Wire

MARCH 22, 2024

In February, serious delinquencies (loans 90 or more days past due) were down month over month, with 11,000 fewer loans in that category and a total of 459,000 loans affected. On a yearly basis, the rate of serious delinquencies was 18% below the February 2023 rate of 562,000 loans.

Mortgages 423

Mortgages Loans Staging Sales 423

Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

Mortgages 411

Mortgages VA loan FHA loan Staging 411

Housing Wire

FEBRUARY 23, 2024

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Meanwhile, the FHA-insured loan delinquency rate recorded a larger jump during the same period to 10.81%, up from 9.5%, the highest level since Q3 2021.

Industrial 433

Industrial Closing FHA loan Loans 433

Housing Wire

SEPTEMBER 28, 2023

in June, according to CoreLogic ’s Loan Performance Insights. mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a news release. percentage point to 2.7% Overall U.S.

Mortgages 404

Mortgages Staging Equity Principal 404

Housing Wire

APRIL 9, 2021

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

Loans 332

Loans Purchase and sale agreement Staging Mortgages 332

Housing Wire

AUGUST 1, 2021

More than ever, borrowers want and expect to close their loans digitally, from the initial loan application through the final review and approval of their loan package. The post Black Knight’s Expedite Close eClosing solution uses automation to select the best way to close each loan appeared first on HousingWire.

Closing 369

Closing Loans Closing costs Technology 369

Housing Wire

FEBRUARY 27, 2024

of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. were conventional loans and 30.5%

FHA loan 402

FHA loan Loan Officer Loans Mortgages 402

Housing Wire

APRIL 25, 2024

Fair housing issues are more likely to be top of mind for younger generations, likely attributable to their higher likelihood of moving, renting and buying a home more frequently than older generations, given their current stage of life.” These programs typically take the shape of a second mortgage, deferred loan, forgivable loan or grant.

Staging 381

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Housing Wire

APRIL 25, 2024

Having just enough time to review the broad strokes of the CFPB’s announcement immediately before taking the stage, Stork said that he is supportive of certain recent efforts by the bureau, including caps to overdraft fees on credit card purchases. “As The session featured Developer’s Mortgage Co.

Loans 342

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HomeLight

DECEMBER 13, 2023

But there’s another option that you probably haven’t considered: a bridge loan. A bridge loan is a short-term loan that “bridges the income gap” between selling your existing property and purchasing your next home. What is a bridge loan, in simple words? How does a bridge loan work in Miami?

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

JANUARY 30, 2024

But a potential solution to this buy-sell conundrum is a bridge loan. With a bridge loan, you might find the pieces of your real estate puzzle fitting together more seamlessly than you thought possible. If you need assistance navigating the use of a bridge loan in Denver, HomeLight encourages you to reach out to your own advisor.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

Housing Wire

NOVEMBER 14, 2023

Delinquent home loans on one- to four-unit properties rose to 3.62% of all outstanding mortgages in Q3, up from 3.37% the previous quarter and 3.45% a year ago, according to MBA ’s National Delinquency Survey. The increase was driven entirely by a rise in earliest-stage delinquencies – those 30-days and 60-days past due.

Mortgages 357

Mortgages Marketing Staging Loans 357

Housing Wire

APRIL 10, 2024

In practice, these rules prohibit giving or accepting a thing of value for referrals of settlement services in federal mortgage loans. Violations identified vary across different stages of the loan process. These services include educating the borrower, explaining the different loan types, and demonstrating monthly payments.

Banks 364

Banks Brokerage Mortgages Loans 364

HomeLight

DECEMBER 29, 2023

However, there’s a solution that you may not have considered: a bridge loan. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence. What is a bridge loan, in simple words? How does a bridge loan work in Dallas?

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

Housing Wire

FEBRUARY 12, 2024

Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% drop from Q3 2022 to Q4 2022, the report showed. Meanwhile, loan volume in the fourth quarter was up by 1% year over year, a significant increase from the annualized decline of 65% in Q4 2022.

Mortgages 446

Mortgages Lending Loans Equity 446

Housing Wire

FEBRUARY 8, 2024

Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, according to MBA ’s National Delinquency Survey. in the previous quarter.

Mortgages 372

Mortgages VA loan Loans Staging 372

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

Loans 239

Loans Technology Development Inspection 239

HomeLight

DECEMBER 7, 2023

Enter the bridge loan – a short-term financing option. Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. If you need assistance navigating the use of a bridge loan in Washington, D.C.,

Equity 104

Equity Loans Home sale contingency Debt-to-income ratio 104

Housing Wire

JANUARY 24, 2024

As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. However, serious delinquencies (loans 90+ days past due) and foreclosures both declined year over year thanks to continuing forbearance and loss mitigation efforts by lenders. million loans.

Mortgages 373

Mortgages Staging Loans Sales 373

HomeLight

DECEMBER 13, 2023

But there’s an alternative you probably haven’t considered — a bridge loan. A bridge loan is a short-term financial tool that “bridges the income gap”, enabling you to purchase your new home before you’ve sold your old one. What is a bridge loan, in simple words? How does a bridge loan work in San Diego?

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109

Calculated Risk Real Estate

MARCH 4, 2024

year low in January, shortening secondary market hedging times emphasis added Mortgage Originations “Purchase Dominant” Here is a graph of the number of loans for purchase and refinance since 1995 (includes a forecast for 2024).

Loans 114

Loans Mortgages Lending Staging 114

Housing Wire

AUGUST 22, 2023

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association ’s (MBA) monthly loan monitoring survey. By stage, 36.5% of total loans in forbearance are in the initial forbearance plan stage, while 53.3%

Mortgages 331

Mortgages Staging Loans Investor 331

HomeLight

DECEMBER 15, 2023

However, there’s one financial tool you probably haven’t considered – a bridge loan. A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. What is a bridge loan, in simple words? How does a bridge loan work in Atlanta?

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 30, 2023

Enter the bridge loan. If you need assistance navigating the use of a bridge loan in Missouri, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words? How does a bridge loan work in Missouri? This is where a bridge loan comes into play.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

DECEMBER 15, 2023

Enter the bridge loan. If you need assistance navigating the use of a bridge loan in Austin, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words? A bridge loan is a temporary solution designed to “bridge the gap” between selling your current home and buying a new one.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “And by generating loan approvals instantly — not minutes, hours or days later — our clients can be assured they are first in line when a customer needs financing.”

Technology 353

Technology Loans Staging Equity 353

HomeLight

NOVEMBER 30, 2023

However, a solution might fit your needs perfectly: a bridge loan. If you need assistance navigating the use of a bridge loan in Maine, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words? How does a bridge loan work in Maine? However, there’s a silver lining.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 17, 2023

However, there’s a strategic solution that might just fit your needs: a bridge loan. As a short-term financing option, bridge loans in Illinois offer a unique opportunity. In this post, we’ll provide insights and helpful tips about bridge loans in Illinois. What is a residential bridge loan?

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

Housing Wire

NOVEMBER 22, 2023

In October, there were 217,000 loans in active foreclosure , up 3,000 since September. Additionally, 70% of these loans are protected from foreclosure by loss mitigation efforts. Meanwhile, early-stage delinquencies (30 and 60 days past due) also took a dive, down 15,000 borrowers month over month to 1.7 million in total.

Staging 359

Staging Loans Mortgages Finance 359

HomeLight

NOVEMBER 30, 2023

However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. If you need assistance navigating the use of a bridge loan in New Jersey, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words? How does a bridge loan work in New Jersey?

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As

Mortgages 408

Mortgages Equity VA loan FHA loan 408

HomeLight

NOVEMBER 30, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. If you need assistance navigating the use of a bridge loan in Iowa, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words? How does a bridge loan work in Iowa?

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97