Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . Polly raised about $57 million from three rounds of funding since its launch in 2019.

Mortgages 361

Mortgages Investor Loan Officer Loans 361

Housing Wire

JANUARY 2, 2024

In the mortgage industry, we saw a significant number of loan officers and real estate agents join the platform to share educational home-buying tips targeted toward a younger audience and first-time homebuyers. This will help empower your borrowers by closing the knowledge gap they have when it comes to a mortgage.

Loan Officer 423

Loan Officer Branding Mortgages Loans 423

Housing Wire

JUNE 29, 2022

Its rental pricing and projection model also calculates the rate of return an investment property is expected to produce over time. The funding comes shortly after Knox launched its first mortgage product, dubbed the Knox equity access program (KEAP), in April. Knox’s expansion comes amid a shrinking mortgage origination market.

Loans 357

Loans Equity Lending Mortgages 357

Housing Wire

DECEMBER 16, 2021

Adhering to a framework similar to other regulatory capital planning frameworks will better position the Enterprises, and the mortgage market, to withstand stressful economic environments.”. The new ERCF rule proposed three specific amendments based on comments the FHFA received last year.

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Investor Finance Development As-is 540

Housing Wire

JULY 28, 2021

According to the administration, these steps have been taken in order “to support a sustained and equitable recovery as well as to protect the Mutual Mortgage Insurance Fund (MMIF).”. The administration noted that the partial claim is limited to 25% of the borrower’s unpaid principal balance as of the date of default.

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Principal Mortgages Loans As-is 382

Housing Wire

NOVEMBER 10, 2020

Anyone who read the Mortgage Bankers Association’s recent 2021 forecast knows that refinance volume is soon to slow down. Refinance originations are predicted to slow next year, decreasing by almost half to $946 billion. Angel Oak accepts 12 or 24 months personal or business statements for purchases or refinances.

Loans 262

Loans Banks Investor Closing 262

Housing Wire

MAY 3, 2023

In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.

Mortgages 395

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 395

Housing Wire

MARCH 31, 2022

Non-QM, like any mortgage product, is affected by interest rate fluctuations. But it may not be as sensitive as the more traditional refinance market. So, non-QM refinance may be a little more resilient. As GSE refinances dry up, many traditional lenders and brokers are aggressively adding non-QM programs to replace refi volume.

Marketing 364

Marketing Investor Banks Loans 364

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

Debt-to-income ratio 368

Debt-to-income ratio Technology Mortgages Pre-approval 368

Housing Wire

MAY 10, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Additionally, each function in mortgage operations is a specific labor component.

Industrial 387

Industrial Mortgages Loans Equity 387

Bigger Pockets

AUGUST 26, 2023

How much it costs to refinance a mortgage depends on a few different factors. We'll explain how you can calculate your refinance payments.

Mortgages 78

Mortgages Finance 78

Housing Wire

APRIL 18, 2022

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. As I’ll explain, there is rigorous regulation of our industry and federal disclosure requirements for all fees associated with obtaining a mortgage.

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Title Land Title search Closing 385

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

Fixed-rate mortgage 368

Fixed-rate mortgage Mortgages Loans Loan Officer 368

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgages 367

Mortgages Technology Closing costs Title 367

Housing Wire

APRIL 28, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Additionally, each function in mortgage operations is a specific labor component.

Industrial 360

Industrial Mortgages Loans Equity 360

Housing Wire

FEBRUARY 17, 2021

First American Mortgage Solutions , a subsidiary of “Big Four” title insurer First American Financial , has executed a strategic tech integration with default and loss mitigation workflow provider BackInTheBlack. Previously, First American Mortgage staffers would have to do the process manually.

Title 213

Title Loans Mortgages Industrial 213

Housing Wire

JUNE 10, 2021

By partnering with a mortgage company that understands how to streamline non-Qm loans, brokers can close loans quickly and effectively. HousingWire recently sat down with John Jeanmonod, Regional Vice President of Sales at Angel Oak , about the company’s non-QM solutions which make the mortgage process easier for brokers.

Loans 364

Loans Mortgages Closing Banks 364

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

Lending 435

Lending Mortgages Due diligence Debt-to-income ratio 435

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . It’s also essential for originators to understand that reverse mortgages are not loans of last resort.

Mortgages 368

Mortgages Marketing Equity Loans 368

Housing Wire

JULY 12, 2022

The loan quality of mortgage pools backing private-label securitization (PLS) deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. . For the final week of June, the conforming 30-year fixed mortgage hovered in the 5.7% billion.

Loans 362

Loans Staging Mortgages Fixed-rate mortgage 362

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 326

Loans Purchase and sale agreement Staging Mortgages 326

HomeLight

APRIL 18, 2024

Zillow also connects buyers to mortgage lenders, providing information about rates and reviews of their services. Their site receives 10 million monthly visitors searching for places to buy or rent, or looking for help with a mortgage. This helps you avoid carrying two mortgages and you only need to move once.

Agents 102

Agents Equity Sales Home sale contingency 102

Calculated Risk Real Estate

DECEMBER 7, 2023

Refinance activity declined significantly in early 2022 as mortgage rates increased, and I was expecting MEW to also decline as fewer homeowners used cash-out refinancing. Quarterly Increase in Mortgage Debt Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1

Closing 70

Closing Equity Principal Short sale 70

Realty Biz

SEPTEMBER 27, 2023

It belongs to the bank until you pay off the mortgage, which happens more slowly than you might like. A monthly mortgage payment includes principal, interest, and other fees such as property tax and private mortgage insurance (PMI). This is the amortization schedule for the life of your mortgage. What is amortization?

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Principal Staging Loans Equity 114

RIS Media

OCTOBER 21, 2020

Snap provides agents and mortgage loan officers closing cost estimates for each of Realogy Title Group’s more than 40 brands, the ability to start a title order, generate and electronically share seller net sheets, title and escrow fee estimates, and a range of real estate calculators. – Refinance Title Premium & Fees.

Title 98

Title Loan Officer Closing costs Branding 98

Realtor.com

NOVEMBER 27, 2022

In other words: Don’t expect a refinance to happen overnight! Although the refinancing process can take awhile, it’s definitely worth considering if you want to take advantage of a lower interest rate or withdraw some cash from your home equity (check a refinance calculator to see if refinancing makes sense for you).

Mortgages 111

Mortgages Closing costs Loans Loan Officer 111

Housing Wire

JULY 28, 2022

HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace? As a CTO, I have to smile when some lending executives mention that the costs of technology in the mortgage industry are high. No wonder residential mortgage lending has wild swings in profitability!

Technology 362

Technology Lending Loans Residential 362

Marco Santarelli

APRIL 24, 2024

While mortgage demand has indeed been on a downward slope, a housing market crash seems like a distant prospect at this point. The average 30-year fixed-rate mortgage has climbed to 7.24%, the highest level since late 2023. This increase has significantly impacted the willingness of people to take out mortgages.

Mortgages 105

Mortgages Fixed-rate mortgage Marketing Loans 105

Realty Biz

AUGUST 5, 2022

So, too, is home buyers purchasing an inexpensive property that needs some rehab or customization, or even a mortgage refinance when your existing property needs renovations. This is, of course, where mortgages come into play, as many investors and buyers will finance a property purchase.

Loans 92

Loans Renovation Investor Banks 92

Marco Santarelli

APRIL 17, 2024

For prospective homeowners and those looking to refinance, the latest news on mortgage rates may not be the most reassuring. As of April 17, 2024, rates on 30-year mortgages have experienced a significant surge, reaching their most expensive level since late November.

Mortgages 111

Mortgages Fixed-rate mortgage Loans Marketing 111

HomeLight

AUGUST 31, 2021

A down payment calculator might be your new best friend. A down payment calculator is super easy to use and can be a great tool to understand how much you’ll need to put down on your new home. We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. Mortgage insurance.

FHA loan 98

FHA loan VA loan Loans Loan Officer 98

Calculated Risk Real Estate

SEPTEMBER 8, 2023

Refinance activity declined significantly in early 2022 as mortgage rates increased, and I was expecting MEW to also decline as fewer homeowners used cash-out refinancing. Quarterly Increase in Mortgage Debt Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1

Closing 125

Closing Equity Principal Short sale 125

Realtor.com

APRIL 12, 2021

Getty Images Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and tap into their home equity. So how often can you refinance? The answer: You are free to refinance your mortgage as often as you like. Is now a good time to refinance?

Loans 128

Loans Equity Closing costs Mortgages 128

Realtor.com

MAY 3, 2021

Refinancing the mortgage on your home can be a smart way to save money. Try plugging your current loan details into a mortgage calculator or a refinance calculator to find out where you stand, and to see how much a refinance could save. Why it pays to shop around when you refinance.

Closing costs 113

Closing costs Loans Mortgages Closing 113

Calculated Risk Real Estate

MARCH 7, 2024

Refinance activity declined significantly in early 2022 as mortgage rates increased, and I was expecting MEW to also decline as fewer homeowners used cash-out refinancing. Quarterly Increase in Mortgage Debt Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1

Closing 68

Closing Equity Principal Short sale 68

Realty Biz

JULY 19, 2021

If you are asking yourself, “should I refinance?” Looking at refinance mortgage options should provide you a way to deal with unexpected expenses, better plan your retirement, or pay for improvements to your home. Whatever your reason for mortgage refinancing, we look closer at the options. Changing the Loan Term.

Mortgages 145

Mortgages Fixed-rate mortgage Equity Loans 145

RIS Media

MARCH 31, 2022

Before you sign mortgage documents, read the fine print. If you take out a mortgage with a soft prepayment penalty, you’ll be able to sell your house whenever you want, and you won’t be subject to a penalty. You will, however, have to pay a penalty if you refinance. . Mortgage lenders make money from interest payments.

Mortgages 98

Mortgages Loans Principal 98