Housing Wire

SEPTEMBER 29, 2023

Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%.

Loan Officer 409

Loan Officer Mortgages Fixed-rate mortgage Loans 409

Housing Wire

JANUARY 17, 2024

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. Yet despite this, it remains a niche product that is largely misunderstood or maligned, and quite frankly, unknown to the general public.

Finance 445

Finance Seller concession Loan Officer Loans 445

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. billion in volume in 2022, down 56% from the previous year’s production of $78.13 Guaranteed Rate originated $34.38 About 71.2%

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Loans Loan Officer Closing costs Mortgages 350

Housing Wire

AUGUST 25, 2023

Zillow ‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release.

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Loans Mortgages Closing Agents 369

Housing Wire

AUGUST 24, 2022

Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed. On Wednesday, the firm launched Tomo Appraisal Coverage. trillion purchase mortgage sector.

Pre-approval 384

Pre-approval Mortgages Closing Loans 384

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Seller concession 410

Seller concession Mortgages Fixed-rate mortgage Loans 410

Housing Wire

JUNE 1, 2022

According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. The e-Eligibility Exchange serves as a central source of information on the criteria that impact digital closings.

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Closing Title Loans Technology 392

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. The product, known as an assumable mortgage, is not new. In short, its popularity is held back by strict rules and product limitations.

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FHA loan Mortgages Loan Officer VA loan 378

Housing Wire

JUNE 26, 2023

(Atlas also has a minority investment in South Street.) The three companies will collaborate to accelerate industry adoption of MAXEX’s platform and expand access to MAXEX and South Street products and services. “This partnership enables us to further accelerate our growth, expand our product suite and broaden our network.”

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Equity Land Investor Loans 328

Housing Wire

MARCH 2, 2023

Rising rates caused refinances to dry up, production plummeted, and pink slips were issued to employees. We have our unique guidelines with our unique product,” Slyusarchuk said. In an effort to bring in more volume in 2023, the wholesale lender improved eligibility on all its non-QM programs early last month. “We

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Mortgages Investor Loans Banks 396

Housing Wire

SEPTEMBER 28, 2023

In an effort to save the merger deal, the two companies agreed to sell Black Knight’s Empower loan origination system and product and pricing engine (PPE) unit Optimal Blue to a subsidiary of Canada’s Constellation Software.

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Loans Technology Mortgages Development 387

Housing Wire

FEBRUARY 23, 2024

Under the modified teams program, in order to unlock the program’s financial incentives (which include reduced recurring fees and a broker fee cap), a brokerage in an eligible state must first add any combination of six team leaders or members from outside the RE/MAX network.

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Agents Brokerage Branding Investor 410

Housing Wire

AUGUST 7, 2023

The companies that have the two largest loan origination systems (LOS) would allegedly raise costs to lenders which would then be passed to homebuyers; and the deal would eliminate competition for product, pricing and eligibility engines (PPEs) and other various ancillary services that are add-ons to LOS, the FTC alleged.

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Loans Mortgages As-is Technology 349

Housing Wire

AUGUST 28, 2020

“Hanging your license with Opendoor Brokerage as an independent contractor means you are eligible for a consistent, steady stream of highly motivated seller & buyer clients,” the job post reads. You will be able to service more buyers and sellers every year by being able to offer products no other brokerage can.”.

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Brokerage Staging Agents Banks 535

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Eligibility for DPA programs is determined by multiple factors, including household income and credit scores.

FHA loan 450

FHA loan Loans Closing costs Loan Officer 450

Housing Wire

APRIL 3, 2023

Those borrowers are eligible to receive an additional 0.5% The Detroit-based lender is launching a number of products to boost its purchase business in a high-rate environment. For example, a homebuyer who puts 5% down on a $350,000 home would have a loan of $332,500.

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Closing costs Closing Agents Mortgages 395

Housing Wire

JULY 24, 2023

ICE and Black Knight’s agreement to sell its product and pricing engine unit Optimal Blue business leaves the FTC with a weak case as it remedies the remaining horizontal overlap cited in the FTC’s complaint with a competitive buyer, Ryan Tomasello, managing director of KBW, said in the note published on July 24.

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Investor Staging Equity Closing 307

Housing Wire

MARCH 31, 2022

Non-QM, like any mortgage product, is affected by interest rate fluctuations. HW: What are the challenges of educating originators on these products of rapidly changing guidelines? For example, major non-QM investors have been leveraging LoanScorecard’s technology to build originator-facing eligibility engines.

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Marketing Investor Banks Loans 347

Housing Wire

JANUARY 25, 2023

It generally takes about 20 to 45 days for a buyer to receive a mortgage commitment letter depending on all the conditions being met. Available in 50 states, clients who are salaried W2 employees and make a downpayment of at least 3% on a conforming Fannie Mae or Freddie Mac mortgage are eligible for Better.com’s One Day Mortgage program.

Pre-approval 376

Pre-approval Mortgages Finance Loans 376

Housing Wire

APRIL 24, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. FiveStreet: Gone are the days when you could get back to a buyer inquiring about a property in a day or two. Today, buyers expect an immediate response to their inquiries. When you buy through our links, we may earn a commission.

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MLS Branding Land Agents 344

Housing Wire

MARCH 3, 2022

The survey said buyers paid for 0.8 Advanced product, pricing and eligibility technology creates efficiencies and helps lenders compete in a fast-paced market. A year ago, the 30-year fixed-rate mortgage averaged 3.02%. points on average. Staying nimble in a fast-paced market with the right mortgage technology.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Technology Investor 370

Housing Wire

NOVEMBER 16, 2020

But choosing the right mortgage product can be difficult — especially if you’ve never bought a home before. Who they’re best for: First-time homebuyers, low-credit score buyers. Applicants also need to meet certain service requirements, as well as obtain a Certificate of Eligibility from the VA. USDA loans.

VA loan 485

VA loan FHA loan Mortgages Loans 485

Housing Wire

JULY 19, 2021

million homeowners still in active forbearance, servicers have an important responsibility to communicate with homeowners about their mortgage reinstatement options and to help them navigate eligibility requirements to determine the best path forward. Joe Cutrona: Today, with nearly 2.2. Additionally, Xome.com drives over 1.6

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MLS Equity Closing costs Sales 400

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? It’s a nontraditional product to serve more clients. An LO with a client at the closing table.

Lending 362

Lending Loans Mortgages Investor 362

Housing Wire

DECEMBER 9, 2021

We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”. “We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering.

Technology 353

Technology Loans Closing Lending 353

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. I’m guessing your production pivoted toward purchase mortgages, but what does the number look like for 2022?

Marketing 363

Marketing Loan Officer Loans Mortgages 363

Propmodo

AUGUST 30, 2023

Their first big win was their Zestimate, which allowed homeowners and prospective home buyers to see an algorithmically created estimated property value for any home in America. Now Zillow has moved on from buying into this tight market and are instead rolling out solutions for buyers.

Loans 103

Loans Commercial Residential Mortgages 103

Housing Wire

JANUARY 4, 2022

billion, while the other five involved agency-eligible investment-property loans with an aggregate value of $2.7 Most of the buyers are move-up buyers, and if you’re moving up to buy the property, you’re tapping into the equity from the property you’re selling, which is also going up in value 20% [year-over-year],” he added.

Marketing 327

Marketing Debt-to-income ratio Loans Mortgages 327

Housing Wire

APRIL 14, 2022

At the end of the day, though, the product [agency MBS] will be absorbed at a price.”. The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”. You don’t know what investor demand is going to be.

Marketing 396

Marketing Purchase and sale agreement Investor Banks 396

Housing Wire

DECEMBER 29, 2020

Black Knight has dipped its toes into software for the secondary market before, acquiring Optimal Blue in July and gaining access to the company’s pricing and eligibility (PPE) engine – a tool used to streamline the origination process for lenders by aggregating pricing and product guidelines from investors.

Mortgages 324

Mortgages Investor Technology Banks 324

RIS Media

APRIL 18, 2022

Power buyer Ribbon has announced a milestone in granting nearly $2.5 billion in buying power to fully approved cash buyers on Ribbon in Q1 2022. Founded in 2017, the company’s growth has been driven by relationships with real estate agents and lenders to collectively support buyers.

Loan Officer 93

Loan Officer Agents Staging Equity 93

GeekEstate

FEBRUARY 23, 2024

By combining carbon-sequestering mass-timber products together with our SmartCassette, the result will be the production of over 50,000 housing modules per year within four years. PathHouse : A modular housing solution that uses Design for Manufacturing and Assembly (DfMA) techniques to address the nation’s housing problem.

Construction 67

Construction Finance Land Design 67

Housing Wire

DECEMBER 7, 2023

Vetted by HousingWire | Our editors independently review the products we recommend. Covers reciprocal application process, relevant laws & regulations Base Non-Credit NH Reciprocity: For anyone licensed in MA seeking NH reciprocity eligibility. If you’ve already started your course, you are not eligible for a refund.

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HR Pre-approval Brokerage Commercial 359

Marco Santarelli

APRIL 24, 2024

Additionally, you might miss out on your dream home to a more decisive buyer. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers. A qualified mortgage lender can introduce you to a variety of loan products that might suit your specific needs.

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

Real Trends

APRIL 4, 2023

The new additions to the Agent Access program include buyer transactions and the establishment of a referral offering to give agents access to Opendoor’ s complete market reach, regardless of where the agents are based. This is just the latest expansion of Opendoor’s product offerings.

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Agents Closing Marketing As-is 79

GeekEstate

FEBRUARY 12, 2023

What problem does your product/service solve? Rove is also building compliance data to help prospective home buyers understand if a for-sale property is eligible to be a short-term rental, or is in a city, state, or HOA that may restrict this type of use. We’re backed with $4M in funding from top venture investors.

Investor 109

Investor Design Branding Residential 109

RIS Media

NOVEMBER 19, 2020

First-Time Buyer Expertise Will Be Crucial. Technology, of course, was the foundation that let us all continue doing business, while low interest rates made it feasible for more buyers to obtain a mortgage. But it was the segment of buyers at the lower price tiers that helped buoy the market enough to see us through.

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Technology Loans Mortgages Agents 105