Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. The topic of the panel discussion: “What’s New in Non-Agency?”. “I

Industrial 450

Industrial Loan Officer Fixed-rate mortgage Lending 450

Housing Wire

SEPTEMBER 16, 2020

A well-qualified buyer these days can find a mortgage at historically low interest rates. He’s looking to hook borrowers at stupid-low mortgage rates , though not all applicants will be able to make the numbers work , as HousingWire Magazine Editor Kelsey Ramírez detailed about a month ago. UWM CEO Mat Ishbia.

Mortgages 466

Mortgages Marketing Title Loans 466

Housing Wire

OCTOBER 12, 2023

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. Obviously, they’ve got some different systems to handle hundreds of loans a month versus thousands or tens of thousands. SW: How do you fix that?

Mortgages 421

Mortgages Technology Loans Loan Officer 421

Housing Wire

APRIL 20, 2022

However, hope for a balanced market is real this year because, with higher rates, we should see more days on the market coming up and growth in the inventory data. However, hope for a balanced market is real this year because, with higher rates, we should see more days on the market coming up and growth in the inventory data.

Marketing 491

Marketing Sales Mortgages As-is 491

Housing Wire

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Those mortgages were originated at interest rates of 3% or less, and rates now are more than 3 percentage points higher.

Loans 384

Loans Debt-to-income ratio Banks Mortgages 384

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 109

Mortgages Fixed-rate mortgage Loans Marketing 109

Housing Wire

JULY 22, 2022

The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding. The bank also indicates it may adjust “haircuts” — the percentage of the loan the originator must fund itself to ensure it has skin in the game.

Lending 384

Lending Banks Bankruptcy Loans 384

Housing Wire

MAY 16, 2023

“I started at the company a month before its IPO with Nasdaq,” a former loan coordinator said. “I started at the company a month before its IPO with Nasdaq,” a former loan coordinator said. “It It was a big deal. We all watched the live stream from Times Square. “Homepoint was fantastic. .”

Mortgages 397

Mortgages Loans Lending Equity 397

Housing Wire

DECEMBER 8, 2021

While the rate of growth of home prices is cooling off (the S&P CoreLogic Case-Shiller Home Price Index typically lags), it’s still at a very unhealthy level for me. Not even 5% mortgage rates in 2018 budged this data line too much. 2020 and 2021 easily each have over 6.2 million new and existing home sales combined.

Bankruptcy 520

Bankruptcy Loans Sales Short sale 520

Marco Santarelli

APRIL 19, 2024

As of April 18, 2024 , mortgage rates have continued a recent upward trend, surpassing the 7% mark for the first time this year. This increase comes after a period of historically low rates in 2020 and 2021. Will mortgage rates hit 8% in 2024? Adjustable-rate mortgages (ARMs): Rates on ARMs also experienced fluctuations.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing costs 52

Housing Wire

SEPTEMBER 20, 2022

HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality? increase) and property (22.6%

Loans 370

Loans Marketing Pre-approval Lending 370

Housing Wire

APRIL 30, 2021

If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? In today’s market, mortgage originators are forced to intertwine different software and technology to support the lending process from start to finish. Right now, the mortgage ecosystem is fractured.

Due diligence 306

Due diligence Mortgages Technology Loans 306

Calculated Risk Real Estate

FEBRUARY 5, 2024

From housing economist Tom Lawler: For the second consecutive year 2023 saw high levels of volatility in the US fixed-income markets in general and the mortgage/MBS markets in particular. Unlike in 2022, however, key Treasury rates and mortgage/MBS yields ended 2023 close to where they began.

Mortgages 109

Mortgages Fixed-rate mortgage Investor As-is 109

Housing Wire

OCTOBER 6, 2021

The CFPB found digital engagement – whether reflected in enrollment in online portals, enrollment in mobile apps, opt-in rates to e-statements over paper equivalents or electronic payment of credit card bills – is growing consistently across all age groups and on nearly every platform type. ” The Adoption of Digital. .

Banks 383

Banks Loans Lending Technology 383

The Mortgage Report

OCTOBER 20, 2021

Learn about the differences between a fixed vs. adjustable rate mortgage, including interest rates, monthly payments, pros and cons for each loan type.

Mortgages 109

Mortgages Loans 109

Redfin

DECEMBER 15, 2023

In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic. The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%. percentage points. What is a mortgage refinance?

Fixed-rate mortgage 66

Fixed-rate mortgage Mortgages Title search Equity 66

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Mortgage rates are likely to remain elevated compared to historic lows, impacting affordability for some buyers.

Marketing 98

Marketing Pre-approval Fixed-rate mortgage New Construction 98

Realtor.com

NOVEMBER 28, 2022

pawel.gaul/iStock The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). Still, if you’re looking at two very close rates, make sure to examine what’s calculated into the APR. Interest rate vs. APR.

Closing costs 122

Closing costs Title search Fixed-rate mortgage Loans 122

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Realtor.com

APRIL 30, 2021

Home loans aren’t one size fits all, but come in a variety of forms to suit home buyers in different circumstances. Still, in addition to a home’s price, you should carefully consider the type of loan you get. Still, in addition to a home’s price, you should carefully consider the type of loan you get.

Fixed-rate mortgage 111

Fixed-rate mortgage Loans Mortgages Pre-approval 111

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

Calculated Risk Real Estate

JUNE 14, 2023

The MoM increase in the seasonally adjusted Case-Shiller National Index was at 0.42%. from the peak , seasonally adjusted. 30-Year Mortgage Rates Have Bounced between 6% and 7% The following graph from MortgageNewsDaily.com shows mortgage rates since January 1, 2020. YoY in March. YoY in April. YoY in April.

Marketing 136

Marketing Principal Mortgages Loans 136

Realty Biz

APRIL 8, 2024

Answer: What you can afford depends on your income, credit rating, current monthly expenses, down payment, and interest rate. Answer: A mortgage pre-approval is a lender's offer to loan you a certain amount under specific terms. They typically range from 1% to 3% of the loan amount. Buying your first home is a big deal.

Pre-qualification 57

Pre-qualification Pre-approval Closing costs FHA loan 57

Realty Biz

JULY 19, 2021

If you refinance your mortgage, you can reduce your monthly outgoings, change the loan terms, or use the equity you have to provide money when you need it. Everyone has different reasons for wanting to refinance a mortgage. Changing the Loan Term. Moving From an Adjustable-Rate to a Fixed-Rate Mortgage.

Mortgages 145

Mortgages Fixed-rate mortgage Equity Loans 145

Realty Biz

AUGUST 12, 2023

Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Interest : The cost of borrowing money, expressed as a percentage of the loan amount. Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

Realtor.com

JULY 5, 2021

And now one of the types of loans that defined that era is staging a comeback. More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices. If rates go down or if borrowers plan to sell their homes around that time, that’s good news.

Mortgages 121

Mortgages Fixed-rate mortgage Principal Loans 121

Windemere Buying

SEPTEMBER 28, 2022

Once you’ve found the home you’d like to pursue , one of your primary tasks is exploring different loan products to see which best fits your situation. Eventually, you’ll come to a fork in the road where you’ll need to decide between a fixed-rate mortgage and an adjustable-rate mortgage (ARM).

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages Principal Loans 52

CT Homes

OCTOBER 4, 2022

This is when an adjustable-rate mortgage (commonly known as an ARM) or a fixed-rate mortgage comes in. It’s always smart to go into any real estate transaction with a clear idea of what you’re signing up for, and by knowing what an adjustable-rate mortgage is, you can choose the best mortgage for your needs.

Fixed-rate mortgage 68

Fixed-rate mortgage Mortgages Finance Loans 68

Realty Biz

MAY 22, 2022

Despite 30-year mortgages being firmly above a 5% interest rate, mortgage applications for home purchases increased 5% in mid-May. What is different this year is that buyers are turning to adjustable rate mortgages in higher numbers than at any time in the past 14 years. The demand for homes remains robust.

Short sale 90

Short sale Loans Mortgages Equity 90

Realtor.com

NOVEMBER 15, 2022

The interest rate and whether it can change or is fixed. The loan maturity date. Promissory notes are also an important yet often misunderstood part of the loan process. Promissory notes are also an important yet often misunderstood part of the loan process. The terms of repayment (e.g., Well, they’re wrong!

Loans 97

Loans Principal Finance Lending 97

HomeLight

AUGUST 26, 2020

Now you’re confused because you need a refinance appraisal, but you just got a purchase appraisal before being approved for a mortgage — is there a difference between a refinance appraisal vs. purchase appraisal? On March 2, 2020 , rates averaged 3.7%, which was the lowest they’d been since 2011.

Fixed-rate mortgage 143

Fixed-rate mortgage Equity Loans VA loan 143

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Higher interest rates: Keep in mind that having bad credit may result in higher interest rates on your mortgage.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Marco Santarelli

APRIL 24, 2024

Imagine trying to plan your finances for the next ten years, but interest rates – those numbers that impact everything from mortgage payments to savings account returns – are a bit of a mystery. While experts are offering their best predictions, the truth is the future of interest rates remains somewhat up in the air. But fear not!

Banks 52

Banks Finance Commercial Mortgages 52

Realty Biz

MARCH 16, 2023

If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% But there are also downsides to FHA-insured loans. But there are also downsides to FHA-insured loans. So is this type of loan right for you?

FHA loan 89

FHA loan Loans Debt-to-income ratio Due diligence 89

Calculated Risk Real Estate

JULY 13, 2023

FHFA’s National Mortgage Database Q1 2023 Here is some data from the recently released FHFA’s National Mortgage Database showing the distribution of interest rates on closed-end, fixed-rate 1-4 family mortgages outstanding at the end of each quarter since Q1 2013 through Q1 2023. of loans are under 3%, 61.3%

Principal 97

Principal Marketing Mortgages Loans 97

HomeLight

SEPTEMBER 13, 2021

Unless you’ve been living under a rock, you’ve seen news reports touting record-breaking, rock-bottom mortgage interest rates. According to the Federal Reserve Bank of Saint Louis, the average 30-year mortgage interest rate plummeted by 33% from January 2018 to January 2021, from 3.95% to 2.65%. But refinance loans aren’t free.

Mortgages 79

Mortgages Equity Closing costs Loans 79

Realtor.com

MARCH 12, 2021

Getty Images Mortgage rates are on the rise after nearly a year of record lows, providing a nudge to homeowners who want to refinance but didn’t get around to it yet. Here are some questions to consider: What rate makes sense for me? The rate for a refi will vary based on the particular homeowner. There is time to figure it out.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87