Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. But make no mistake: They’re not your only option when buying or refinancing a home. Are you currently thinking about buying a home or refinancing your existing mortgage? USDA loans. landmass!).

Mortgage 427

Mortgage Loan Officers Real Estate Insurance 427

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. VA home loans have given millions of veterans and their families the opportunity to purchase a home. Jones also expressed concern with future increases to VA home loan funding fees.

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Law Appraisal Modernization Appraisal Process 395

Housing Wire

MARCH 10, 2023

This week, the Community Home Lenders of America (CHLA) released a special report entitled “The Ubiquity of IMB Regulation.” Instead, extensive financial and program requirements are tailored to the specific federal agency loan programs an IMB participates in. Another 2008? Could this be another 2008? Annually.

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Mortgage Business Insurance Marketing 328

Housing Wire

DECEMBER 3, 2020

mortgage rate for a 30-year fixed loan fell one basis point this week to 2.71%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. According to Sam Khater, Freddie Mac’s chief economist, despite these persistently low mortgage rates, home sales are facing significant challenges.

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Mortgage Inventory Finance Marketing 501

Housing Wire

SEPTEMBER 13, 2022

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. Mortgage credit availability declined slightly in August, as investors reduced their offerings of ARM and non-QM loan programs,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Lending Government Mortgage Investors 367

Housing Wire

JULY 28, 2021

As was alluded to in June, the FHA late last week published a fully revised version of their “waterfall” loss mitigation options for borrowers coming to the end of their forbearance period. The subordinate lien will have to be repaid when the mortgage terminates, which usually happens when the homeowner refinances or sells their home.).

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Insurance Mortgage Marketing 383

Housing Wire

JUNE 22, 2023

Connecticut-based lender and servicer Planet Home Lending announced on Thursday a deal that boosts its servicing portfolio, which the company claims is already above the $90 billion mark. Planet has acquired a $10 billion mortgage servicing rights (MSR) bulk of Ginnie Mae loans from Village Capital & Investment LLC.

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Lending Mortgage Sellers Finance 293

Housing Wire

AUGUST 17, 2023

5000 list was VA Wholesale Mortgage , which specializes in offering home loans to veterans and active duty military members. InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. Zap Mortgage (no.294)

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Loan Officers Mortgage Development Lending 359

Housing Wire

APRIL 7, 2021

The servicing industry had to do this even while shifting its own workforce out of the office and into their homes. We supported efforts to expand the payment deferral option for borrowers, providing a streamlined exit process with no documentation. In less than 10 weeks, mortgage servicers successfully helped 4.3

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Mortgage Finance Law Investors 418

Housing Wire

JANUARY 9, 2024

Importantly, homeowners can also include 50% of their estimated rental income when applying for an FHA renovation loan to construct an ADU, which helps with DTI constraints. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

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Finance Construction Tenants Renovations 441

Housing Wire

MAY 4, 2021

Consumers also reported long delays in having their loan modified so that they could resume payments on the mortgage. In other cases, consumers said servicers provided conflicting information about what options were available and the consumer’s eligibility for loan modification. year over year.

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Mortgage Government Investors Development 445

Housing Wire

JULY 29, 2022

So far, 2022 has presented a number of new challenges for lenders to navigate, including continued significant home price appreciation, rapidly rising interest rates, persistent inflation, and a slowdown of global economic growth,” said Doug Duncan, senior vice president and chief economist at Fannie Mae.

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Mortgage Loan Officers Lending Real Estate Agent 376

Housing Wire

SEPTEMBER 16, 2021

It is important to note that in MBA’s NDS, loans are marked as delinquent if payments are not made in accordance with the terms of the mortgage. Thus, even if loans are in forbearance, if the borrower does not make a payment, the loan is counted as delinquent. Source: MBA’s National Delinquency Survey.

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Mortgage Inventory Investors Design 478

Housing Wire

AUGUST 26, 2022

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market. While rising home prices may have stopped some homeowners from buying, they’ve made it a lot more attractive for owners to stay put.

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Mortgage Technology Home Improvement Business 327

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. So real estate agents automatically get nervous [about a HECM being] an FHA loan. Harlan Accola.

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Business Real Estate Agent Real Estate Loan Officers 329

Housing Wire

APRIL 29, 2022

There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%. The ARM and IO products are the same prices as the Conventional loans. FHA, VA and USDA aren’t accepted by sellers. Find me a sales meeting in the U.S.

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Mortgage Real Estate Agent Technology Inventory 370

Eppraisal

JUNE 6, 2023

Fortunately, the Federal Housing Administration (FHA) offers a viable solution through its FHA loan program. Designed to make homeownership more accessible, FHA loans provide an array of benefits for first-time buyers and individuals with limited financial resources. What is an FHA Loan?

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Insurance Buyers Finance Design 36

PennyMac

FEBRUARY 12, 2021

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores.

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Insurance Loan Officers Finance Mortgage 59

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. At that point, Dodson was actively working on a jumbo loan for friends of his from church. And whether you do it or someone else does it, that loan is going to get done.” So you stop.”.

Business 427

Business Mortgage Investors Loan Officers 427

PennyMac

MARCH 4, 2024

If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Mortgage brokers.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

MARCH 8, 2024

NOTE: Please scroll down to read the other topics in this long blog post on property data collectors, economic analysis, managing your email inbox, unusual homes, mortgage origination stats, etc. While higher rates pose challenges, low unemployment, rising wages, and moderating home price growth provide stability. Excerpts: Paul J.

Appraisal 81

Appraisal Contracts Real Estate Housing Market 81

Clear Capital

MARCH 17, 2022

In order to asses the risk of the collateral, lenders require high-quality appraisal photos of every room in the home. And the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac all have specific requirements for appraisal photos. FHA Appraisal Photo Requirements. Detect Appraisal Photo Errors with ClearPhoto.

Real Estate 69

Real Estate Appraisal Technology Development 69

Appraisal Today

APRIL 26, 2024

I have also done many relocation appraisals, done before the home is listed. NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc.

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Appraisal Real Estate Real Estate Agent Contracts 60

Housing Wire

NOVEMBER 13, 2023

For our nation’s homeowners beleaguered by toxic mortgages and underwater loans, Treasury created a plethora of programs — with acronyms like HAMP, HARP, FHA Short Refi and the Hardest Hit Fund. And key federal agency mortgage loan programs like FHA , VA, and Fannie Mae and Freddie Mac have fully embraced them.

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Tools Development Mortgage Law 315

AmeriMac

MARCH 1, 2024

Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Mortgage lenders typically require it for loans with a down payment below 20% of the home’s purchase price. PMI details, such as cost and duration, vary based on the lender and loan program. Why is PMI Required?

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Appraisal Insurance Appraisal Process Mortgage 36

Appraisal Today

DECEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on time saving tips, Waivers, Non-lender appraisals, Tax savings, unusual homes, mortgage origination stats, etc. Large beach front home in Milton, Delaware for $2,588,170 4 bedrooms, 3.5+ for Cash-Out and No Cash-Out loans, respectively. per month, $24.75

Appraisal 87

Appraisal Business Contracts Technology 87

Lamacchia Realty

MAY 9, 2023

HOW MUCH MONEY DO I NEED TO PURCHASE A HOME? One of the most common questions that we are asked is how much money a prospective home buyer needs to have on hand before buying a home. The actual down payment can vary anywhere from 3% down up to 20% or more depending on what program or type of mortgage loan the buyer chooses.

Insurance 72

Insurance Inspection Buyers Realty 72

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = So indulge in a gander at this quintet of gorgeous, glass homes.

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Appraisal Inspection Modernization Business 69

Housing Wire

APRIL 22, 2024

Roughly 80% of older adults live in the homes they own, but housing costs and interest rates have combined to create a challenging scenario for some older people seeking to downsize into a more manageable home. The prices for smaller townhouses or condominiums can, in some cases, outweigh the prices for larger single-family homes. “[T]he

Tenants 391

Tenants Mortgage Insurance Tools 391

Appraisal Today

JUNE 16, 2023

Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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Appraisal Contracts Design Mortgage 74

Quicken Loans

JULY 14, 2021

Many Americans are dealing with major credit card debt on top of mortgages, student loans, car loans and medical bills. In fact, consumers pay double or even triple the interest rates on credit cards than they do on most auto loans, student loans and home loans. Streamline Refinance. Proof of income.

Mortgage 57

Mortgage Insurance Appraisal Government 57

Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Be a part of the profession blamed for the collapse of the savings and loan industry. Appraisals are ordered after the loan application.

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Appraisal Contracts Legal Business 74

Assurance Financial

JUNE 15, 2023

Its purpose is to provide liquidity and stability to the housing market by buying mortgages from home loan lenders and securitizing them into mortgage-backed securities (MBS) that are sold to investors. Freddie Mac, on the other hand, stands for the Federal Home Loan Mortgage Corporation. What Is Fannie Mae?

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Government Housing Market Mortgage Investors 36

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. of the loan amount in LO compensation.

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Real Estate Agent Loan Officers Real Estate Agents 403

Housing Wire

SEPTEMBER 6, 2023

The program was launched in October 2022 to provide brokers $10 single-bureau soft credit checks for conventional loans. But the Pontiac-based lender expanded Safe Check to government and jumbo loans, it announced Wednesday. In January 2023, it expanded to offer a three-bureau soft check for $23.

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Government Tools Investors Mortgage 452

Quicken Loans

JANUARY 11, 2022

What is a VA loan, how does it work, and are you eligible to obtain one? That’s because a VA loan is a type of home mortgage loan that offers preferred terms to borrowers who have served and currently serve our nation. A VA loan is available to veterans and active duty service members, and offered through the U.S.

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Insurance Finance Design Mortgage 44