Housing Wire

OCTOBER 28, 2021

With the most recent acquisition of Floify, Porch will expand “its early access to high-intent homebuyers who need key services including insurance, warranty and moving services,” the company said in a statement. Investors reacted positively to the acquisition, with shares increasing by 12% to $19.93 as of late Thursday morning.

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Mortgage Logistics Insurance Real Estate Agent 368

Housing Wire

OCTOBER 6, 2021

Better also expects this trend to continue, telling investors in the filing that gain-on-sale levels will remain “depressed through 2021 relative to the levels of the quarter ended March 31, 2021.”. Better has also made strides in real estate and insurance. billion in title insurance and $1.4

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Insurance Investors Real Estate Loan Officers 399

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex.

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Mortgage Investors Legal Loan Officers 392

Housing Wire

DECEMBER 18, 2020

Conventional loans. A conventional loan is a smart way to finance an income-earning property. These can be used on primary residences, second homes and investment properties, and they require down payments as low as 3%. Hard money loans. If you’re not sure if it’s a good move, talk to a financial advisor or loan officer.

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HOA Finance Investing Loan Officers 457

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 374

Housing Wire

APRIL 6, 2023

Strauss is also accused of suspending staffers’ health insurance coverage retroactively to May 2022, despite collecting the employees’ contributions from their paychecks. At Sprout, Strauss struggled to sell loans in the secondary market that were originated at 2-4% when investors were asking for more premiums.

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Investors Mortgage Insurance Real Estate 271

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy. In addition, He will continue to serve as the managing director of the company’s venture investing arm. As of Sept. As of Sept.

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Mortgage Real Estate Investing Technology 328

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception.

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Investing Loan Officers Technology Development 485

Housing Wire

APRIL 13, 2022

Spending on residential investment and housing services accounted for 17.5% As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees.

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Insurance Construction Government Lending 366

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. But non-QM is a fairly dangerous space right now. and Sprout Mortgage.

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Mortgage Loan Officers Finance Investors 384

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. Blend has attracted a bevy of investors who were impressed by its market position. Halbrook said. “I

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Mortgage Technology Loan Officers Investing 330

Housing Wire

MARCH 15, 2022

So you’ve got to pay loan officers the same on any loans they originate. If there are loans that are just more expensive to manufacture, or the margins just aren’t there, the lenders are going to say, ‘We want to do fewer of those loans.’ Where do you fall on that issue?

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Government Insurance Finance Investing 310

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. “Jumbo loans can’t be sold to Fannie Mae and Freddie Mac.

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Insurance Mortgage Clients Lending 315

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. insurance companies, including home and auto providers. Register for the FinLedger Daily Newsletter.

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Business Law Real Estate Investors 447

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

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Technology Mortgage Tools Insurance 332

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

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Mortgage Retail Finance Investors 361

Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

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Mortgage Investors Clients Marketing 378

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The nation’s biggest banks stepped in to stabilize the lender with $30 billion of their own money, giving the Federal Depository Insurance Corporation time to find a buyer. After a weekend of negotiations, the FDIC sold First Republic to JPMorgan.

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Marketing Retail Mortgage Investors 305

PennyMac

JUNE 2, 2022

Have you been inspired by one of the numerous investment property television shows? If so, you are probably intrigued by the prospect of investing in rental property. Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Property taxes. Maintenance costs.

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Real Estate Investing Tenants Property Management 69

Eppraisal

DECEMBER 28, 2021

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

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Mortgage Home Value Insurance Loan Officers 68

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. The loan is usually repaid over a period of years. Ownership: Once the loan is fully repaid, you own the property outright. Insurance Does a mortgage payment include insurance?

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Mortgage Property Taxes Insurance HOA 69

Miller Samuel

FEBRUARY 12, 2019

Miller said that real estate investors should stop trying to perfectly time the market (both with rate and supply vs. demand). Perfect timing is a concept that was born out of the housing bubble, he said, when investors viewed housing as a highly liquid stock, instead of in its proper context.

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. Instead, it relies on fees from its investments, and fees from the services it provides to banks. Business expense.

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Lending Government Law Mortgage 350

PennyMac

SEPTEMBER 9, 2020

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. However your PMI can be removed (by request) once you’ve hit a 78% loan-to-value ratio in some cases. FHA Home Loans. Conventional Fixed-Rate Mortgages. Learn More. Minimum Down Payment.

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Insurance Buyers Mortgage Human Resources 36

PennyMac

JANUARY 16, 2022

Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet. The right fixer-upper can be a great investment and a lot of fun. 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.

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Investing Property Taxes Real Estate Renovations 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. REO properties are attractive to homebuyers or real estate investors for several reasons. Step 1: Browse Available REO Properties. Step 10: Closing.

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Inspection Real Estate Agent Real Estate Agents 69

Assurance Financial

SEPTEMBER 28, 2021

With your mortgage bill gone, you could contribute that monthly amount to any number of things, such as other debt, your 401k, Roth IRA, HSA, your emergency fund, or other investment opportunities. Some people weigh the value of early repayment against missed investment opportunities.

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Mortgage Investing Finance Loan Officers 36

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. In the past, I frequently wrote about them.

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Appraisal Architecture Business Contracts 52