Housing Wire

JULY 21, 2023

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute. Bush administration in 2004. “If Department of Veteran Affairs and the U.S.

Modernization 323

Modernization Insurance Sellers Real Estate 323

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. “The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, CEO of StoicLane and one of the investors in the round, said in a statement. and former U.S. Acting Comptroller of the Currency).

Mortgage 296

Mortgage Investors Investing Technology 296

Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors.

Appraisal 359

Appraisal Valuation Appraisal Process Finance 359

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. million consent order with Trident Mortgage Co., Attorney General Merrick Garland said in a statement.

Law 385

Law Loan Officers Lending Advertising 385

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Much has changed in the mortgage market over the five years since our last major product launch.

Buyers 386

Buyers Tools Mortgage Lending 386

Housing Wire

MAY 2, 2022

As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. At over 5%, mortgage rates are now the highest they have been since 2010. Mortgage rates should hover around 5%, but there may be more oscillation than we have seen recently.

Housing Market 382

Housing Market Marketing Buyers Inventory 382

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

Law 433

Law Legal Technology Real Estate 433

Will Springer Realtor

MARCH 11, 2024

The soaring prices of insurance and energy have dealt a two-pronged blow to homeowners’ wallets, with no relief in sight. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household. in Q3 to 53.5% in Q3 to 37.3%).

Insurance 36

Insurance Sellers Real Estate Buyers 36

Housing Wire

FEBRUARY 14, 2022

And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. The veteran industry consultant points out that ZipRealty, another company with a listings website and employees as agents, was briefly a real estate darling, going public in 2004.

Business 367

Business Brokerage Real Estate Agent Agents 367

Property Metrics

DECEMBER 10, 2021

For example, a property with a market value of $1MM and a mortgage of $250M must be exchanged into a new property worth at least $1MM with a $250M mortgage. IRS Ruling 2004-86 allows for the exchange of sales proceeds into something called a Delaware Statutory Trust (DST). Summary & Conclusions.

Investors 36

Investors Market Value Investing Real Estate 36