Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. mortgage rate at the end of August. “At You’re probably thinking, “Uh, why on earth would she do that?”

Mortgages 479

Mortgages FHA loan Equity Loans 479

Housing Wire

JANUARY 2, 2024

New York-based nonbank mortgage lender RealFi (formally known as Residential Home Funding Corp. “As money comes in during the restructuring, it is RealFi’s intention to make all employees whole.” .” “As money comes in during the restructuring, it is RealFi’s intention to make all employees whole.”

Loan Officer 428

Loan Officer Residential Banks Loans 428

Housing Wire

FEBRUARY 12, 2024

When are interest rates going to come down? Where should mortgage rates be before I buy or refinance my home? These are just a few of the questions independent mortgage brokers get asked on a daily basis. And how can you confidently talk to clients and potential clients about their mortgage needs? Do they have kids?

Mortgages 443

Mortgages Loans Closing costs Industrial 443

Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. As of Oct.

Mortgages 421

Mortgages Loan Officer Loans Technology 421

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. It boils down to increasing capacity at scale via higher productivity.

Equity 406

Equity Bankruptcy Loans Mortgages 406

Housing Wire

OCTOBER 13, 2023

Recognizing the opportunities in the mortgage space, Grant Moon , former CEO and founder of fintech platform Home Captain , is gearing up to launch his new firm – BlueForceX. As a mortgage technology optimization platform, BlueForceX would provide data solutions, cut inflated tech solutions costs, and advise market positioning strategies.

MLS 393

MLS Technology Mortgages Loans 393

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right.

Banks 368

Banks Mortgages Fixed-rate mortgage Loans 368

Housing Wire

MARCH 15, 2023

One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. To avoid systemic risks, regulators approved depositors’ access to all their money and additional funding for banks on Sunday.

Banks 350

Banks Investor Mortgages Loans 350

Housing Wire

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

MLS 437

MLS VA loan Agents As-is 437

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

Mortgages 425

Mortgages Days on market As-is Sales 425

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. million mortgage fraud settlement with the Securities and Exchange Commission to his name, seems to be back in the mortgage business. Can I get my expense report money back please?” “He

Mortgages 397

Mortgages Bankruptcy Loans Investor 397

Housing Wire

MARCH 22, 2023

The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin. homebuyer made a $42,375 down payment in January, the smallest typical down payment recorded in nearly two years. Redfin found that the typical U.S. Redfin found that the typical U.S.

VA loan 406

VA loan FHA loan Loans Mortgages 406

Housing Wire

MARCH 13, 2024

The presiding judge in the bankruptcy case involving Reverse Mortgage Investment Trust (RMIT) — the parent company of former leading reverse mortgage lender Reverse Mortgage Funding (RMF) — has approved a request to transfer the company’s bankruptcy status to Chapter 7 from its current Chapter 11 status.

Bankruptcy 397

Bankruptcy Banks Mortgages As-is 397

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. The average interest rate on a 30-year-fixed mortgage was 7.07% in August.

Purchase and sale agreement 418

Purchase and sale agreement Mortgages Closing costs Sales 418

Housing Wire

JANUARY 6, 2023

Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer. Can we have a soft landing in the economy? We ended 2022 on a solid note as 4.5

Mortgages 543

Mortgages Construction Land Staging 543

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgages 441

Mortgages Loan Officer Loans Banks 441

Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. So yes, we’re toward the bottom in that,” Bob Walters, CEO at Rocket Mortgage and president and COO at Rocket Companies , said. You may get a mortgage once every 10 years.

Marketing 341

Marketing Banks Mortgages Industrial 341

HomeLight

MAY 8, 2024

Are you considering a hard money loan to fast-track your next real estate investment? Whether you’re planning to flip a house or purchase a rental property, a streamlined hard money loan can be a helpful option. What is a hard money loan? How does a hard money loan work? See cost section below.)

Hard money loan 103

Hard money loan Loans Home sale contingency Finance 103

Housing Wire

JUNE 13, 2023

Used car prices have slowed down recently but that didn’t show up in today’s report , which means it will help core inflation data in the upcoming months. Used car prices have slowed down recently but that didn’t show up in today’s report , which means it will help core inflation data in the upcoming months.

Banks 492

Banks Mortgages As-is Marketing 492

Housing Wire

FEBRUARY 6, 2024

The three main categories of fraud impacting victims were seller impersonation fraud , fraudsters impersonating the title agency and tricking buyers to wire their down payment to a fraudulent account, and fraudsters impersonating lenders and sending title companies fraudulent mortgage payoff instructions.

Title 414

Title Closing Industrial Agents 414

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. It was late 2022 and Mike was feeling the pressure. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce at his company.

Loan Officer 457

Loan Officer Loans Lending Mortgages 457

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. But the fact is, most people simply don’t know that a new home can be purchased with a reverse mortgage.

Finance 452

Finance Seller concession Loan Officer Loans 452

Housing Wire

FEBRUARY 24, 2023

Housing sector leaders acknowledge that some borrowers are still struggling to pay their mortgages after being hit by layoffs and other issues caused by the Covid-19 pandemic. And this time, they also have to consider the surging mortgage rates landscape. “We Falcione said “we have been really working to get the backlog down.”

Industrial 369

Industrial Principal Loans Mortgages 369

Housing Wire

OCTOBER 12, 2023

Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. Within mortgage companies, even those that have huge scale versus small scale, they’re offering really the same borrower experience and the same loan officer experience.

Mortgages 419

Mortgages Technology Loans Loan Officer 419

Housing Wire

MAY 6, 2021

That three-digit number determines a person’s financial worthiness and impacts just how much money they can borrow. That’s not to say this lower credit score group isn’t actively pursuing mortgages. It’s no surprise that borrowers’ credit scores are a vital component to homeownership.

Mortgages 415

Mortgages Finance Industrial Agents 415

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. The second mortgage goes towards the down payment for the second home, while the first mortgage stays the same until the home sells and the mortgage is paid off. With that money, they pay off their first mortgage.

Loans 542

Loans VA loan FHA loan Finance 542

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Existing home sales are down 19.9% Will Savage, an LO at PMC Mortgage. Kurt Carlton, President of New Western.

Mortgages 420

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 420

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

Title 445

Title Technology Industrial Banks 445

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Are you currently thinking about buying a home or refinancing your existing mortgage? landmass!).

Mortgages 432

Mortgages VA loan Loans Loan Officer 432

C4D Crew

DECEMBER 19, 2023

Bad or damaged credit is a big reason people have trouble financing a house, but another common problem for homebuyers is the down payment — many people, in a recent study by Jackpot.com, said paying down debt on a house is a first thing they’d do if they won the lottery — it means that much to people.

Bankruptcy 98

Bankruptcy Loans Closing costs Mortgages 98

Keeping Current Matters

NOVEMBER 11, 2021

As Jeff London, Director of the VA Home Loan Program , says : “VA loans offer an extraordinary opportunity for veterans because of lower interest rates, lower monthly payments, no or low-down payments, and no private mortgage insurance.”. Many other loans with down payments under 20% require Private Mortgage Insurance (PMI).

VA loan 253

VA loan Loans Mortgages As-is 253

Bigger Pockets

APRIL 18, 2024

If you’re a first-time home buyer, now may be one of the best times to get a loan in recent history, according to mortgage advisor Jeff Welgan. With new no-money-down […]

Finance 68

Finance Loans Mortgages 68

Keeping Current Matters

OCTOBER 13, 2021

In either case, you’ll need access to capital: the funds for the renovation or the down payment your next home would require. The great news is that the money you need probably already exists in your current home in the form of equity. Mortgage rates are forecast to increase over the next year. Home Equity Is Skyrocketing.

Renovation 273

Renovation Equity Mortgages Design 273

Marco Santarelli

DECEMBER 2, 2023

Many people who are looking to buy a home in the US are wondering if they will ever see mortgage rates as low as 3% again. After all, just a year ago, the average 30-year fixed-rate mortgage was around 3.1% , according to Freddie Mac. But since then, mortgage rates have been steadily rising. Will Mortgage Rates Ever Be 3% Again?

Mortgages 105

Mortgages Fixed-rate mortgage Investor MLS 105

Marco Santarelli

OCTOBER 6, 2023

Buying a house with no money down is possible, but it requires a good credit score. To buy a house with no money down, you typically need a credit score of at least 620. FHA loans can accept a credit score as low as 500 with a higher down payment, while VA loans often require a credit score of 580.

VA loan 52

VA loan FHA loan Pre-qualification Debt-to-income ratio 52

Realty Biz

JULY 20, 2022

Saving for a down payment was always difficult for first-time buyers, but the recent increase in home prices has made things much more challenging. Finding a sizable down payment on a house of 10% or 20% can be daunting, but there are other options. For some buyers, there might even be a no down payment home loan available.

Loans 129

Loans FHA loan VA loan Equity 129

Realtor.com

APRIL 27, 2021

iStock One of the biggest hurdles in buying a home is coming up with a down payment—the large chunk of cash that’s typically required to secure a mortgage for a house. Fortunately, most lenders today offer a wide range of down payment options for 5%, 10%, 15%, or 20% of the price of the house. Down payment strategies.

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Pre-approval FHA loan Loans Mortgages 124