Housing Wire

JANUARY 24, 2024

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? So do buyer’s credit scores , ratios and down payment funds. Let’s talk about lowball offers. See the difference?

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Buyers Sellers Agents Counter Offer 438

Housing Wire

MAY 11, 2022

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. Homepoint partnered with fintech mortgage company Accept.inc , which upgrades offers from qualified buyers to an all-cash bid. While the lender had $20.7

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Lending Real Estate Agent Investors Finance 381

Housing Wire

AUGUST 10, 2023

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream.

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Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. The way we as mortgage lending originators conduct our business has quickly taken on a new form during these times of uncertainty.

Lending 441

Lending Mortgage Inventory Business 441

Inman

MAY 14, 2024

Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders it competes with for borrowers.

Buyers 143

Buyers Tools Lending Mortgage 143

Housing Wire

DECEMBER 7, 2021

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration. A special purpose credit program can take many forms.

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Lending Law Design Government 431

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Buy before you sell (BBYS) products may be the answer.

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Buyers Loan Officers Real Estate Agent Agents 399

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

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Housing Wire

APRIL 8, 2021

To recap, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening mortgage credit. One possible solution being tossed around is President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. metros, according to Zillow.

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Buyers Mortgage Housing Market Government 510

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. The most obvious argument against a totally digital lending approach—and the one that requires the least amount of rationale—is that customers don’t want it.

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Lending Marketing Technology Contracts 343

Housing Wire

MARCH 23, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations. Data-driven analysis.

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Lending Mortgage Sellers Technology 436

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

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Buyers Lending Insurance Mortgage 66

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. Difficult inspections have been on the rise over the last few months. With only 1.3

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Inventory Lending Real Estate Housing Market 357

Housing Wire

APRIL 25, 2023

The program is available for buyers who met the requirements and are purchasing a home in countries across 10 metropolitan areas. To qualify, borrowers must have an income equal to or less than 140% of the area median income (AMI) and meet all other Freddie Mac lending guidelines.

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Buyers Finance Real Estate Agent Government 356

Housing Wire

OCTOBER 5, 2021

In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. Our partnership enables an end-to-end home lending experience.

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Buyers Mortgage Lending Technology 293

Housing Wire

APRIL 22, 2021

Kirk West, a broker for West and Woodall Real Estate in Durham, said the sheer number of buyers willing to purchase a house sight-unseen has stood out to him since the pandemic started. Thankfully, most banks were still lending. The post North Carolina’s low home prices luring buyers appeared first on HousingWire.

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Buyers Inventory Renovations Realty 424

Housing Wire

OCTOBER 12, 2021

The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience hat would benefit both borrowers and servicers. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

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Lending Technology Investing Loan Officers 351

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. Our brokers know that because they are dealing with the end buyer, their loans are more likely to close.

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Housing Wire

MAY 15, 2024

Given the highly competitive homebuying market, renters are unsure whether now is the right time to buy,” Matt Vernon, head of consumer lending at Bank of America, said in a statement. In fact, 81% of prospective buyers see renting as a temporary arrangement, with 76% planning to buy a home within the next five years.

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Buyers Lending Finance Marketing 379

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. The home-only lending market presents several major opportunities.

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Business Finance Buyers Lending 433

Housing Wire

MAY 10, 2024

A prospective buyer would still need to come up with $120,000 to close the gap. If the buyer has a 20% down payment, or $80,000, they would still need an additional $40,000 to seal the deal. Assumable mortgages enable qualified buyers to take over a seller’s mortgage terms, including the existing balance and interest rate.

Mortgage 411

Mortgage Buyers Lending Investors 411

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

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Sellers Buyers Real Estate Contracts 424

Housing Wire

MARCH 3, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations. is more than 4 percentage points higher than for repeat buyers in recent months. The first was Q1 2023, and Q4 the second. Mortgage rates have averaged close to the 7% mark as of Feb.

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Lending Mortgage Buyers Government 498

Housing Wire

JANUARY 8, 2024

HousingWire: How do you view the lending landscape for 2024? To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. If buyers try to time their home purchase to the return of record-low rates and the historically low rates don’t return, their wait could prove costly. 1 non-QM lender?

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Lending Development Investors Finance 380

Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. .” According to Scotsman Guide , Potempa was the No.

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Loan Officers Mortgage Retail Lending 406

Inman

JUNE 5, 2023

Not crazy about buyer love letters? Mortgage expert Rick Guerrero says that a great lender can reach out to the listing agent on a buyer's behalf to offer information and reassurance.

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Buyers Agents Mortgage Lending 138

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger.

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Real Estate Agents Marketing Sellers 432

Housing Wire

MARCH 12, 2024

While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. That’s encouraged the ITIN buyers to come down and start buying.” I’ve even seen grandparents jump in.

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Real Estate Agent Real Estate Buyers Realty 449

Inman

MAY 10, 2023

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

Buyers 193

Buyers Mortgage Agents Lending 193

Housing Wire

APRIL 5, 2024

With civil rights bills like the Fair Housing Act (FHAct) and Equal Credit Opportunity Act (ECOA) now the law of the land, most lenders will note that they rely on supposedly objective borrower screening algorithms to make lending decisions. But the results tell a different story. credit histories.

Mortgage 376

Mortgage Lending Buyers Property Management 376

Housing Wire

APRIL 10, 2024

In April, AREA launched its first advocacy push, calling on housing regulators to revise lending guidelines in the U.S. to allow buyer agent compensation to be rolled into the loan. Doctors are not mandated to join the American Medical Association. So why should agents have this requirement?”

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Real Estate Agent Real Estate Agents Legal 446

Inman

MAY 23, 2023

A new survey conducted by Zillow suggests there are opportunities for real estate agents and companies that provide information and make lending more user friendly.

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Agents Real Estate Agent Finance Buyers 148

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year.

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Loan Officers Retail Finance Buyers 391

Housing Wire

JANUARY 10, 2023

Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months. On the buyer side, 21% said it was a good time to buy, an increase from 16% in November. recorded in October 2022. in the same period.

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Buyers Lending Mortgage Government 476

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below. We do that.

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Lending Appraisal Property Taxes Training 99