Housing Wire

OCTOBER 31, 2023

1 reason a mortgage loan applicant is denied for a loan is a problem with their credit score. In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal credit score a second glance. But that’s only true if the problem is approached correctly.

Tools 356

Tools Mortgage Business Marketing 356

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 437

Finance Real Estate Agent Real Estate Insurance 437

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . It’s also essential for originators to understand that reverse mortgages are not loans of last resort.

Housing Market 359

Housing Market Business Mortgage Marketing 359

Housing Wire

AUGUST 2, 2022

Letting borrowers skip monthly payments for a period, through a permanent forbearance option, could help avoid that financial loss. How borrowers can stay afloat with home equity products during difficult economic times. Foreclosure is the most expensive thing that can occur during a mortgage,” said Alexandrov. “

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Government Insurance Investors Finance 322

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Lunch & Learn: Should there be a 40 year mortgage? Should there be a 40 year mortgage option for all homebuyers?

Insurance 417

Insurance Mortgage Realtors Housing Market 417

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. If you believe that statement, then the action item is to lower the price.” If it’s not moving, change the pricing so it does move. “If If it’s not moving, change the pricing so it does move.

Housing Market 369

Housing Market Renovations Marketing Retail 369

Housing Wire

APRIL 2, 2021

The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year. Younger and lower-wage workers bore the brunt. Savvy lenders are already preparing for the next valley – Here’s how. After three months of mediocre gains , the U.S. Labor Department.

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Inventory Construction Housing Market Business 501

Realtor

OCTOBER 16, 2023

This tacks many hundreds extra onto the monthly expense of housing, stretching some homebuyers’ budgets to the breaking point. And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. Nominations for HousingWire’s Vanguards are now open through Friday, July 22, 2022.

Mortgage 343

Mortgage Business Lending Marketing 343

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S. Presented by: Truework.

Lending 423

Lending Mortgage Sellers Development 423

Appraisal Buzz

DECEMBER 6, 2021

Whether through machine learning tools that create quick and accurate measurements, or digital platforms that allow lenders and appraisers to interact directly, technology is helping modernize previously inefficient workflows, which enable appraisers to add efficiencies to the appraisal process. . AMCs Driving Tech Innovation .

Appraisal 448

Appraisal Appraisal Process Valuation Technology 448

Housing Wire

DECEMBER 6, 2022

However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product.

Real Estate 362

Real Estate Real Estate Agent Clients Agents 362

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. A good mortgage lender is a valuable resource and can make the home-buying process easier and less stressful. Mortgage brokers. When comparing lenders, it’s worth taking your time and choosing carefully.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Assurance Financial

MAY 5, 2022

Obtaining a mortgage is a big step, and you likely have many questions. One important thing you will need to know is how much of a mortgage you can afford based on your income. You can use a few different guidelines to discover what percent of your net income should go toward mortgage payments each month.

Mortgage 69

Mortgage Property Taxes Insurance Design 69

McKissock

AUGUST 7, 2022

Therefore, the banks approved mortgages to customers without regard for their ability to repay the loan. When people could not make their mortgage payments, the housing bubble burst and thousands of homes were foreclosed, multiple big-name lenders declared bankruptcy, and the market required government bailouts.

Real Estate 91

Real Estate Investing Marketing Buyers 91

Assurance Financial

JUNE 28, 2021

When you’re shopping around for a mortgage, there are several choices you’ll make that affect the monthly payment on the loan and how much you end up paying to own your home. One decision to make is how long your mortgage will last. Options include 10, 15, 20 and 30-year mortgages.

Mortgage 74

Mortgage Insurance Renovations Marketing 74

Eppraisal

NOVEMBER 28, 2023

However, the cost is often intimidating, especially for those who haven’t yet learned their options.   You can still qualify for a mortgage loan even if you have low income or bad credit and are willing to pay a small down payment. There are various methods to making a home more affordable for you and any loved ones.

Finance 69

Finance Government Insurance Property Taxes 69

Raleigh Realty

MARCH 29, 2021

These government jobs may mean that you lack the resources to afford the down payment for a home. 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. While working in this area can be rewarding, it also brings financial challenges.

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Government Real Estate Agent Insurance Property Taxes 148

Lamacchia Realty

OCTOBER 31, 2022

Amidst ceaseless mortgage rate hike and inflationary headlines , the mortgage industry is abuzz with talk of buydowns. Buydowns aren’t a new product, on the contrary they’ve been around for a long time, but they’re resurfacing now as a mechanism to combat the rising mortgage rates. What is a 2-1 Buydown? See example above.

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Sellers Buyers Mortgage Real Estate Agent 66

Will Springer Realtor

OCTOBER 17, 2023

There are programs established by state and local governments that provide buyers – mostly first-timers – with assistance to make a down payment or meet closing costs. The funds are typically repaid when buyers eventually sell the home or when refinancing their mortgage. Not exactly.

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Buyers Government Finance Mortgage 62

Assurance Financial

DECEMBER 27, 2021

Whether you’re a first-time homebuyer or a homeowner looking to refinance your mortgage, the financial logistics of homeownership may have you asking some big questions. What Is a Fixed-Rate Mortgage? Mortgages typically last for 10-30 years, depending on your financial goals and repayment plan.

Mortgage 74

Mortgage Finance Logistics Marketing 74

PennyMac

APRIL 5, 2023

However, as a prospective homebuyer, you may have noticed how much the real estate landscape has changed over the past few years. Let’s take a look at how a temporary mortgage buydown concession could reduce your interest rate and make your initial monthly payments more affordable. What’s a mortgage point?

Mortgage 36

Mortgage Sellers Buyers Insurance 36

Clear Capital

APRIL 1, 2024

In this post, we will review the three primary home equity services lenders can offer customers to access their equity, and how lenders can quickly and efficiently identify customers that would benefit from and be eligible for home equity loans using AVMs. It’s a great time for lenders to climb aboard the home equity lending bandwagon.

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Lending Valuation Home Value Design 36

Assurance Financial

APRIL 29, 2021

How to Build Equity in Your Home. You also get full control over how you decorate the home and any changes you make to it. If you live in the house for long enough and make enough payments on the mortgage, at some point, your property will be worth more than you paid for it. What Is Equity?

Mortgage 74

Mortgage Insurance Home Value Loan Officers 74

Quicken Loans

SEPTEMBER 21, 2021

Adjustable-rate mortgages (ARMs) can make a lot of sense for many people. You can generally get a lower rate than you could with comparable fixed-rate loans. What Is An FHA Adjustable-Rate Mortgage? An FHA adjustable-rate mortgage is an ARM backed by the Department of Housing and Urban Development ( HUD ).

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Insurance Mortgage Investors Clients 48

Assurance Financial

OCTOBER 27, 2023

One significant advantage is that you can build equity as you pay off your mortgage over time. You can also use it to obtain funds via a second mortgage like a home equity line of credit , or HELOC. As such, lenders may offer lower rates compared to other personal loans. What Does HELOC Mortgage Mean?

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Renovations Mortgage Appraisal Housing Market 36

Appraisal Today

SEPTEMBER 22, 2023

According to the survey responses, the majority of participants (76%) perceive the quality of property data collected by data collectors to be lower than that collected by appraisers themselves. I was surprised at how negative they were. Here are a few of the many survey results. Not very positive. Read the full report.

Appraisal 86

Appraisal Training Inspection Real Estate 86

D Fritz Appraisals

MARCH 16, 2022

Mortgages, property taxes, and utilities aren’t going to get much cheaper, so what’s a viable solution? Mortgages, property taxes, and utilities aren’t going to get much cheaper, so what’s a viable solution? . Another reason to rent out your home is to increase your monthly income.

Appraisal 78

Appraisal Insurance Property Taxes Investing 78

Assurance Financial

JULY 23, 2021

How Important Is Credit Score. As a buyer, you agree to take care of your new home and repay your mortgage based on the terms of the loan. Learn more about the importance of your credit history when getting a mortgage and what you can do to make the most of yours. How Do Lenders Use Your Credit History?

Mortgage 69

Mortgage Lending Government Loan Officers 69

Assurance Financial

JUNE 9, 2021

Along with cutting interest rates, the Fed also promised to purchase around $200 billion worth of mortgage-backed securities. But how much does the Fed’s decision affect the interest rate you’re likely to get on a mortgage? By September 2020, the average interest rate on a mortgage reached a new record low — 2.89%.

Mortgage 69

Mortgage Insurance Finance Buyers 69

Eppraisal

JANUARY 23, 2024

There's just so much to learn and manage when you're not familiar with the nuances of homeownership. Here are some of the main scams to look out for when purchasing your first house and how to avoid them. Here are some of the main scams to look out for when purchasing your first house and how to avoid them.

Legal 36

Legal Real Estate Agent Lending Agents 36

PennyMac

JULY 26, 2023

Second mortgages can be a great way to use the equity in your home to free up cash for important needs. Just like any other loan, there are some essential components you should know about second mortgages before you begin the application process. What Is a Second Mortgage? What Can I Use a Second Mortgage for?

Mortgage 36

Mortgage Home Improvement Renovations Lending 36

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Our predictive analytics engine would then show them how those changes could impact the borrower’s score.

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Buyers Tools Mortgage Lending 390

Cornerstone

FEBRUARY 9, 2021

Mortgage rates have dropped over a full percentage point within the past year, hitting new lows 16 times. This is a strong driver toward homeownership: Today’s lower rates give consumers even more benefits. Take a closer look at how much it could cost you to wait. Today’s rates are historically low: See how much you could save.

Mortgage 55

Mortgage Finance Marketing 55

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. Can You Refinance an FHA Loan?

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Insurance Loan Officers Finance Mortgage 59

Assurance Financial

SEPTEMBER 20, 2021

The interest rate is a key factor, but the more important one is the down payment. A down payment on a home is the money you give to the lender initially. Whatever amount is left over after the down payment is paid must be paid off over time in the form of a mortgage. How Much Is a Normal Down Payment on a House?

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Insurance Mortgage Buyers Government 36

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. Available through private financial lenders (such as banks, mortgage companies like Pennymac and credit unions), conventional loans are the most widely used mortgage type. Conventional Loan.

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Insurance Government Investing Mortgage 36