Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire.

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Lending Real Estate Agent Loan Officers Retail 355

Housing Wire

JUNE 6, 2023

In honor of National Homeownership Month, Chase Home Lending unveiled on Tuesday an upgraded suite of resources for homebuyers to assist in navigating the homebuying process and managing homeownership. Chase also offers a $5,000 grant for eligible homebuyers purchasing in majority-Black and Hispanic neighborhoods across the U.S.

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Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 369

Housing Wire

AUGUST 10, 2023

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream.

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Housing Wire

MAY 11, 2022

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. Homepoint partnered with fintech mortgage company Accept.inc , which upgrades offers from qualified buyers to an all-cash bid. While the lender had $20.7

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Lending Real Estate Agent Investors Finance 365

Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. The way we as mortgage lending originators conduct our business has quickly taken on a new form during these times of uncertainty.

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Lending Mortgage Inventory Business 433

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. The idea behind Tomo is to help the buyer get an upper hand when buying a home. But this is no ordinary mortgage startup. It’s early.

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Lending Real Estate Real Estate Agent Modernization 432

Housing Wire

JANUARY 24, 2024

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? So do buyer’s credit scores , ratios and down payment funds. Let’s talk about lowball offers. See the difference?

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Buyers Sellers Agents Counter Offer 403

Housing Wire

MARCH 11, 2024

Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans. MD: When you look at the three C’s of mortgage lending (capacity, collateral, and credit), credit is the only one that can be changed in the short run.

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Buyers Tools Mortgage Lending 363

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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Housing Wire

DECEMBER 7, 2021

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration. A special purpose credit program can take many forms.

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Lending Law Design Government 406

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

APRIL 8, 2021

To recap, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening mortgage credit. One possible solution being tossed around is President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. metros, according to Zillow.

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Buyers Mortgage Housing Market Government 510

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Buy before you sell (BBYS) products may be the answer.

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Buyers Loan Officers Real Estate Agent Agents 348

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

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Lending Mortgage Technology Business 433

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. trillion in loans, about half of 2021’s $4.4 trillion to $1.7

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Buyers Mortgage Sellers Investing 396

Housing Wire

DECEMBER 7, 2021

So mortgage lending morphed from a trust-based system to what could be called a “trust, but verify” model, to coin a favorite Russian proverb of Reagan’s. The problem with the “trust, but verify” model, which is still used by many lending institutions today, is that it’s time-consuming and expensive.

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Lending Mortgage Landlords Design 349

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. The most obvious argument against a totally digital lending approach—and the one that requires the least amount of rationale—is that customers don’t want it.

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Lending Marketing Technology Contracts 288

Housing Wire

MARCH 23, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations. Data-driven analysis.

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Lending Mortgage Sellers Technology 398

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

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Buyers Lending Insurance Mortgage 66

Inman

MAY 14, 2024

Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders it competes with for borrowers.

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Buyers Tools Lending Mortgage 126

Housing Wire

OCTOBER 5, 2021

In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. Our partnership enables an end-to-end home lending experience.

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Buyers Mortgage Lending Technology 244

Housing Wire

APRIL 22, 2021

Kirk West, a broker for West and Woodall Real Estate in Durham, said the sheer number of buyers willing to purchase a house sight-unseen has stood out to him since the pandemic started. Thankfully, most banks were still lending. The post North Carolina’s low home prices luring buyers appeared first on HousingWire.

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Buyers Inventory Renovations Realty 423

Housing Wire

APRIL 25, 2023

The program is available for buyers who met the requirements and are purchasing a home in countries across 10 metropolitan areas. To qualify, borrowers must have an income equal to or less than 140% of the area median income (AMI) and meet all other Freddie Mac lending guidelines.

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Buyers Finance Real Estate Agent Government 306

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. Difficult inspections have been on the rise over the last few months. With only 1.3

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Inventory Lending Real Estate Housing Market 306

Housing Wire

OCTOBER 12, 2021

The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience hat would benefit both borrowers and servicers. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

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Lending Technology Investing Loan Officers 298

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. Our brokers know that because they are dealing with the end buyer, their loans are more likely to close.

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Lending Clients Investing Investors 258

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

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Sellers Buyers Real Estate Contracts 421

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. The home-only lending market presents several major opportunities.

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Business Finance Buyers Lending 389

Housing Wire

MARCH 3, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations. is more than 4 percentage points higher than for repeat buyers in recent months. The first was Q1 2023, and Q4 the second. Mortgage rates have averaged close to the 7% mark as of Feb.

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Lending Mortgage Buyers Government 487

Housing Wire

JANUARY 8, 2024

HousingWire: How do you view the lending landscape for 2024? To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. If buyers try to time their home purchase to the return of record-low rates and the historically low rates don’t return, their wait could prove costly. 1 non-QM lender?

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Lending Development Investors Finance 323

Housing Wire

MAY 10, 2024

A prospective buyer would still need to come up with $120,000 to close the gap. If the buyer has a 20% down payment, or $80,000, they would still need an additional $40,000 to seal the deal. Assumable mortgages enable qualified buyers to take over a seller’s mortgage terms, including the existing balance and interest rate.

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Mortgage Buyers Lending Investors 379

Housing Wire

MAY 15, 2024

Given the highly competitive homebuying market, renters are unsure whether now is the right time to buy,” Matt Vernon, head of consumer lending at Bank of America, said in a statement. In fact, 81% of prospective buyers see renting as a temporary arrangement, with 76% planning to buy a home within the next five years.

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Buyers Lending Finance Marketing 353

Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. .” According to Scotsman Guide , Potempa was the No.

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Loan Officers Mortgage Retail Lending 376

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger.

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Real Estate Agents Marketing Sellers 418

Housing Wire

MAY 28, 2024

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. In May 2023, the subsidiary launched a new digital MSR exchange , known as eMSR Exchange, which connects buyers and sellers of co-issue flow offerings online and provides 24/7 pricing.

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Property Taxes Lending Insurance Sellers 304

Housing Wire

NOVEMBER 1, 2021

They control this business and they have a lot to say about where the buyer goes for financing. The post Stronger real estate agent connections will be the key to lending success in 2022 – Here’s why appeared first on HousingWire. It’s the real estate agent who has the consumer’s trust at this point. Don’t be left behind.

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Real Estate Agent Real Estate Agents Lending 366