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Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. More than 57% of investors have priced in at least a quarter-point cut in March, according to the CME Group’s FedWatch tool. The Fed next meets on Jan.

Mortgage 532
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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. It makes sense that the investors are asking lenders to ward off as many problems as possible [via QC efforts] before a loan is made.

Investors 410
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Ginnie Mae to explore new reverse mortgage-backed security product

Housing Wire

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.

Mortgage 419
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Narrow Gauge Capital acquires Inco-Check

Housing Wire

Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements. Lenders, are you prepared for 2022’s challenges? A group of investors led by Ocean Avenue Capital Partners provided equity capital in the transaction.

Logistics 315
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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

The company says the round is the largest Series A for a New England fintech and it plans to use the capital to double or even triple its staff by the first quarter of 2022. “We COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

It even integrates with commonly used tools like Salesforce , Follow Up Boss and Hubspot so you can easily target your existing contact lists. Targeting investors and tailoring your real estate prospecting letters to their needs and is very smart. I work with many investors and want to introduce myself as a resource to you.

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What does the non-QM market look like right now?

Housing Wire

We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. And investor guidelines are continually evolving.

Marketing 359