Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. Planet Home Lending delivers home loans backed by Fannie Mae , Freddie Mac , VA, FHA and USDA in 47 states, Washington, D.C.

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Mortgage Construction Lending Real Estate 382

Housing Wire

MAY 13, 2022

Today we are seeing a more governed and purpose-oriented approach to networks of blockchains. Today, established actors in settlement services are collaborating on the same ledger with the same form of smart contract to eliminate transaction overheads. Distributed Ledger Technologies are the Backbone of Blockchains.

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Contracts Technology Architecture Government 328

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

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Housing Wire

APRIL 19, 2021

In this testimony, which also was published by the CATO institute , he called for the GSEs to be put into receivership, to pay employees on the government salary plan and to increase capital to bank standards. It limits the acquisition of investor and second home purchases to a difficult-to-manage 7% over any 52-week rolling period.

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Mortgage Government Investors Marketing 493

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

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Real Estate Supply Chain Architecture Brokerage 324

Housing Wire

APRIL 7, 2021

“I think the math speaks for itself how well the forbearance program has worked, and it’s one of the few times in my career that I have seen a government-initiated program adopted as well and executed as well by the industry as this one,” said Rick Sharga, executive vice president of RealtyTrac.

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Investors Legal Contracts Government 356

Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

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Marketing Law Government Mortgage 415

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Mortgage Technology Investing Investors 435

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

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Marketing Mortgage Investors Sellers 363

Housing Wire

JANUARY 11, 2024

There are a lot of agents today that still prefer having their customers sign contracts manually, with physical signature. In Europe, with GDPR, they’re pretty far ahead of us, but our government is catching up really fast. But having some experience with that, I didn’t really want to find contract offshore providers.

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Technology Contracts Business Appraisal 377

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

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Marketing Contracts Technology Mortgage 354

Housing Wire

APRIL 22, 2022

For the sector of the mortgage market engaged in non-QM lending, the volatile rate environment is a particular challenge. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. David Pelka, head of RMBS business and a principal at non-QM lender CarVal Investors.

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Lending Mortgage Investors Marketing 369

Housing Wire

MARCH 15, 2022

Michael Bright, CEO of the Structured Finance Association , who served previously as the chief operating officer of the government-sponsored enterprise Ginnie Mae , said the U.S. Investors will need to quantify and charge for the risk that they will be held accountable for [with respect to] the acts of third-party servicers …,” he said. “It

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Legal Law Investors Finance 366

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

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Mortgage Government Contracts Insurance 319

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. These may be full-time jobs or contracted services. Non-lending appraisal courses.

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Appraisal Training Lending Land Management 74

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Miller said that real estate investors should stop trying to perfectly time the market (both with rate and supply vs. demand).

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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Renovations Investing Real Estate Marketing 278

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There  There are a number of different options regarding getting the money necessary to acquire the property on which to build a house.

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Development Finance Sellers Home Value 36

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. They are risky for the lender and its investors. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.41

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Appraisal Contracts Mortgage Marketing 67

Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

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Housing Market Marketing Buyers Sellers 36

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Department of Housing and Urban Development (HUD) or a local government website to explore options in your area. Coordinating this can be tricky, however.

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Real Estate Agent Buyers Real Estate Mortgage 36

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Investors can place their confidence in a licensed commercial real estate appraiser, especially one who is reputable and familiar with the local market.

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Real Estate Appraisal Property Appraisal Valuation 60

Will Springer Realtor

DECEMBER 19, 2023

Economists and investors have been upbeat about how the employment picture has remained mostly resilient in the wake of economic headwinds. It increased the Fed funds rate 11 times between March 2022 and July 2023, essentially from 0.25% to 5.25%, on the interest that banks lend to each other. Is the market getting ahead of itself?

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

APRIL 6, 2021

Most other banks sell off the mortgage to others – such as Fannie, Freddie or investors – to clear their ledger and sell more loans. Conventional loans on established places like Insignia or Emerald in Seattle are typically insured by government entities or deep-pocketed investors and run 15, 20 or 30 years.

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HOA Mortgage Buyers Insurance 36

PennyMac

JUNE 28, 2022

Some borrowers, like investors, commonly take out the maximum amount of funds and pay it off several times over. As such, you can only draw from a pre-approved amount that is stipulated in your contract. With HELOCs, in some instances, the government allows homeowners a tax deduction for interest payments. Flexibility.

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Home Improvement Contracts Renovations Mortgage 36

Will Springer Realtor

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Construction Supply Chain Real Estate Development 36