Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Are you currently thinking about buying a home or refinancing your existing mortgage?

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Mortgage Loan Officers Real Estate Insurance 424

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. However, the Freedom case represented a “wakeup call.”

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Real Estate Agent Loan Officers Real Estate Agents 402

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. Over the past 14 years, FHA has insured 9.1 million in mortgages valued at $1.7

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Insurance Home Value Mortgage Marketing 467

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements.

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Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

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Mortgage Investors Clients Marketing 378

Housing Wire

FEBRUARY 24, 2021

Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage. But we also must acknowledge that the core definition of any stimulus is to implement something that causes an immediate, short-term response.

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Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

DECEMBER 18, 2020

Considering the median mortgage payment sits around $1,100, that’s a pretty big chunk of change to be bringing in. The differences between FHA, VA, and USDA mortgages. If you plan to use the property as an investment (you’ll have to indicate so on your loan application), then you could face more stringent qualifying requirements.

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Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

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Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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Housing Wire

MARCH 15, 2022

Latino borrowers lag non-Hispanic white borrowers in terms of homeownership, and they are underrepresented in conventional mortgage originations and refinances. Acosta chaired the Consumer Financial Protection Bureau ’s mortgage committee while Richard Cordray led the watchdog agency. Here’s what he had to say.

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Housing Wire

AUGUST 9, 2023

This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. billion), U.S.

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Marketing Retail Mortgage Investors 305

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Annual Percentage Rate (APR).

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Mortgage Insurance Sellers Inspection 69

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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PennyMac

JULY 25, 2022

Today, we want to take a closer look at two of the most commonly purchased mortgage types: conventional loans and FHA loans. What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity.

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PennyMac

MARCH 20, 2023

When you’re evaluating home loan categories, it’s easy to get confused by the terms “conventional” and “conforming.” ” As similar as these two terms may sound, their definitions are different so it’s important to understand the distinctions. What Is a Conforming Loan?

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Housing Wire

MARCH 29, 2022

Redlining is a five-alarm word in the lexicon of American racism, but it really has a quite specific definition: The denying of credit in non-white, particularly Black neighborhoods. And HUD can bring lawsuits claiming bias in mortgage lending. Despite being outlawed over 50 years ago, redlining still persists in America.

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Appraisal Today

OCTOBER 21, 2022

Until we get past this period over the next few months it may be hard to say definitively what is exactly happening. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. Must be insured by the company for the past 5 consecutive years. Inventory levels.

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Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. By McKissock.

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Appraisal Today

AUGUST 13, 2023

It definitely can be very useful, as Dustin explains. NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard.

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PennyMac

APRIL 5, 2022

Enter perhaps the most important item on your homebuying preparation list: the mortgage pre-approval. No guarantees are made — it’s simply a model of what your mortgage could look like, should you be approved. What Do I Need to Get Pre-Approved for a Mortgage? How many bedrooms do you need? Another says, “I’ll take it.

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PennyMac

APRIL 18, 2022

Mortgage interest and property taxes may be tax deductible. Homes frequently increase in value over the life of a mortgage. Rental insurance is inexpensive. While your financial picture is not the only deciding factor in the rent vs. buy debate, it’s definitely among the most important. Mortgage Matters.

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Appraisal Today

MAY 12, 2023

NOTE: Please scroll down to read the other topics in this long blog post on humor, non-lender appraisals, mortgage forecast, staying positive when you’re slow, unusual homes, mortgage origination stats, etc. Mortgage lending is very, very cyclical. The insurance policies were based on reproduction cost, not replacement.

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PennyMac

NOVEMBER 29, 2022

We’ll walk you through the loan qualification requirements, various first-time homebuyer programs, and loan options available. How Do I Get a First Time Homebuyer Loan? The first step in obtaining a mortgage loan is determining your financial goals and how much home you can afford. Government Loans.

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Will Springer Realtor

MARCH 30, 2021

Here are 11 thoughts, gathered from experienced real estate agents, and shared with you: Financial backing – Before considering offers, buyers should speak with their lender to request a letter that states they are strong candidates for a mortgage loan to cover the cost of the home.

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PennyMac

JANUARY 16, 2022

Most definitely, Latin America is hot and seems to keep its upward trend in Americans’ preferences. The cost of owning a vacation home is not only what you pay for it, but also associated taxes, utility costs, HOA, upkeep costs, insurance etc. residents wanting to step away from their day-to-day life.

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Clear Capital

SEPTEMBER 29, 2021

So it’s something that is definitely worth further investigation. And Ribbon is actually company we’ve been definitely keeping our eye on — doing some some super cool things out there in the industry, helping buyers be more competitive in the marketplace. They then go to get their mortgage. Jeff Allen.

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