Housing Wire

JANUARY 9, 2024

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

Finance 472

Finance Construction Loans Renovation 472

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. in Q4 2023, the highest number we’ve seen since 2009. The big question is, what caused this increase?

Industrial 426

Industrial Loan Officer Marketing Loans 426

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Finance 387

Finance Principal Residential Development 387

Housing Wire

FEBRUARY 21, 2024

Representing the broker side are Elena Boland of Wholesale Mortgage Services , Joseph Dionne of appli Home Loans , Major Singleton of Edge Home Finance and Daniel Iskander of West Capital Lending. BAC also created seven nonvoting roles that include vendor advisory roles and a leadership council.

Lending 400

Lending Finance Loans Mortgages 400

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. Then, we have all the traditional financing options, including jumbo.” 1 product to help first-time homebuyers get their houses.

Mortgages 473

Mortgages VA loan Finance Loans 473

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 450

Finance Seller concession Loan Officer Loans 450

Housing Wire

MAY 10, 2024

During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025. In 2023, NAR announced a policy change that allows the finance committee to use the Consumer Price Index (CPI) “as a guide” to help it recommend an annual dues amount to the board of directors.

Purchase and sale agreement 274

Purchase and sale agreement Finance Agents Sales 274

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey. “My

Renovation 356

Renovation Development Rent back Principal 356

Housing Wire

NOVEMBER 14, 2023

As part of the extension and to encourage adoption, Fannie Mae will cover the cost for property owners who enroll in PRP through the extension period. The program was launched in the fall of 2022, and helps renters build their credit history and improve their credit score as they prepare to enter the housing market or find a new rental.

Pre-approval 440

Pre-approval Loans Finance Mortgages 440

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. Manufactured homes are built at indoor homebuilding facilities and then delivered to the land chosen by the owner.

Loans 392

Loans Mortgages Land Finance 392

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 393

Mortgages Finance Lending Equity 393

Housing Wire

NOVEMBER 7, 2023

And yet, it would also undermine the institutions that will need to fill the vacuum, independent mortgage banks, by making it more expensive for banks to provide them financing or a market for their primary asset, mortgage-servicing rights. Jim Parrott is a nonresident fellow at the Urban Institute and owner of Parrott Ryan Advisors.

Banks 440

Banks Mortgages Marketing Lending 440

Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. The regulator also extended protections for tenants that property owners must adhere to in order to access forbearance. Landlords also can’t charge late fees or penalties for non-payment of rent.

Principal 479

Principal Finance Loans Equity 479

Housing Wire

MAY 30, 2023

The Federal Housing Finance Agency (FHFA) issued on Tuesday a request for input (RFI) regarding protections for tenants at multifamily housing properties backed by mortgages from Fannie Mae and Freddie Mac. The justification for this RFI comes from observations made during recent bouts of housing tumult, according to the FHFA.

Finance 360

Finance Mortgages As-is Marketing 360

Housing Wire

JANUARY 8, 2024

By developing innovative products built around how people today live and work — as self-employed workers, contractors, business owners and so forth — and by demonstrating to the capital markets that these non-QM loans consistently perform at a high level, we can recycle that capital into more markets, including traditionally underserved markets.

Lending 372

Lending Investor Finance Development 372

Housing Wire

OCTOBER 11, 2023

mortgage lender in the first half of 2023, with a production of $17 billion in loans, per Inside Mortgage Finance data. Following the transaction’s closing, which is expected to happen in the first quarter of 2024, SLS will operate under NewRez, the eighth-largest U.S.

Principal 439

Principal Loans Investor Finance 439

Housing Wire

JUNE 30, 2022

Stake , a financial tech company that provides cash back and banking services to renters , raised $12 million in Series A funding to build out its platform and suite of solutions for renters and property owners. The company makes profit by charging a transaction fee for every cash back to rental owners and operators.

Banks 367

Banks Finance Technology Marketing 367

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Finance of America operates through retail, wholesale and correspondent channels.

Finance 489

Finance Lending Loans Commercial 489

Housing Wire

MARCH 20, 2023

The average monthly payment just dropped $75-$100 per month for homebuyers using FHA financing.” Or, “ Recent changes have increased the purchasing power for homebuyers using FHA financing by over $10,000.” Although we are home finance professionals, we work in the service industry.

Mortgages 383

Mortgages Finance Industrial Sales 383

Housing Wire

JANUARY 2, 2024

Any one of these indicators points to a housing finance industry ripe for innovation. Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Who knows whether a consumer is financially prepared for financing? Brent Chandler is founder and CEO of FormFree.

Mortgages 395

Mortgages Finance Lending Industrial 395

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.

Finance 354

Finance Equity Mortgages Principal 354

Housing Wire

SEPTEMBER 28, 2022

27, eligible multifamily property owners can share rent payment data through a vendor network to TransUnion , Equifax , and Experian in the renter’s credit profile. Fannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores. Effective Sept.

Finance 397

Finance Mortgages Technology Loans 397

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. UWM is the largest U.S.

Mortgages 316

Mortgages Loan Officer Loans Brokerage 316

The Mortgage Report

JANUARY 15, 2021

If you want to buy a home but can't get a mortgage, you might consider a lease option or "rent-to-own home." But these are risky. Here's what to know.

Finance 119

Finance Mortgages 119

Housing Wire

MAY 12, 2021

Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing. Homebuilders, Williams said, are more concerned with the overall investment, and don’t have the same prejudices toward and misconceptions about VA financing that individuals do.

Loans 431

Loans FHA loan Mortgages Construction 431

Housing Wire

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. G20 Co-founder Bob Hower said investment property owners spend as little as one hour per year thinking about their properties with Knox at the helm. Knox has shown people across the U.S.

Construction 383

Construction Banks Finance Loans 383

Housing Wire

JUNE 22, 2023

The letter notes that the groups are “very concerned” that the government-sponsored enterprise (GSE) condo and co-op lending requirements are restrictive for those seeking housing and cause difficulty for current owners to “build wealth and maintain their property values.” the letter states.

Lending 359

Lending Inspection Development Loans 359

Housing Wire

MARCH 12, 2024

in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. Financing options While the proportion of Latino buyers who used Federal Housing Administration ( FHA ) loans declined between 2018 and 2022, there may have been an uptick in 2023, according to NAHREP. In total, more than 9.5

FHA loan 457

FHA loan Loans Finance Lending 457

Housing Wire

SEPTEMBER 29, 2023

“I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching.

Loan Officer 410

Loan Officer Mortgages Fixed-rate mortgage Loans 410

Housing Wire

JANUARY 19, 2022

To address money laundering concerns, it may be necessary to ensure that a recordkeeping and reporting requirement attaches to some entity involved in every non-financed transaction,” FinCEN’s proposed rulemaking notice states. of all new-home sales involve non-financed deals. and foreign trusts,” the agency’s proposed rule states. .

Agents 440

Agents Title Residential Finance 440

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. In some cases, home owners can cancel an FHA mortgage insurance after 11 years. The result was approximately $1.3 Mortgage Insurers.

Industrial 544

Industrial Mortgages FHA loan Finance 544

Housing Wire

AUGUST 19, 2021

A new agreement between the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) could heighten scrutiny of whether the government sponsored entities’ underwriting engines do enough to further fair housing. of the owner-occupied mortgages Freddie Mac purchased were from Black borrowers.

Loans 410

Loans Lending Finance Development 410

Housing Wire

APRIL 6, 2023

The Department asked about Strauss’ background, including previous companies and lawsuits, and requested information on the Smart Rate owner’s experience with real estate finance. “In million the owner was asking for in February, according to Zillow. million , down from $26.5

Residential 307

Residential Investor Loans Mortgages 307

Housing Wire

JUNE 13, 2022

While real estate professionals are perfectly positioned to introduce homebuyer assistance as a concept, home financing is not their schtick. And, importantly, financing borrowers with homebuyer assistance is good for business. their lenders) if homebuyer assistance is right for them. There is consumer demand for homebuyer assistance.

Finance 363

Finance Loans Closing Closing costs 363

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. Blackstone Group will retain a 70% ownership stake in the lender-and-servicer.

Finance 284

Finance Closing Investor Mortgages 284

Housing Wire

OCTOBER 8, 2021

times the median income in the surrounding Census tract, according to the analysis, which incorporated tract-level median income data from the Federal Housing Finance Agency (FHFA). Among nearly 52,000 homes that resold after being originally purchased on Auction.com, nearly 37,000 (71%) were resold to an owner-occupant. Among 75 U.S.

Renovation 543

Renovation Marketing Fixed-rate mortgage Mortgages 543

Housing Wire

JUNE 10, 2022

In 2016, New York passed a law establishing that lenders and servicers must inspect, secure and maintain zombie properties — which are defined as vacant and abandoned homes whose owners are behind on their mortgage payments. . billion, according to Inside Mortgage Finance. In 2019, then-Gov. The company also is No.

Mortgages 395

Mortgages Inspection Banks Residential 395