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Home equity products light up a dark housing market

Housing Wire

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Mortgage rates blow past industry predictions

Housing Wire

It reported the 30-year rate for FHA-insured mortgages was even higher, at 4.122%. The current higher rates — an increase of nearly 50 basis points over the past month — will lead to “an enormous contraction of refinance activity,” Kiefer said. Few industries are as impacted by market fluctuations as housing.

Mortgage 382
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titlegenius by Radian makes closing simple, transparent and less expensive

Housing Wire

Radian’s innovative platform walks the borrower through the closing process step-by-step, from contract to keys. Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius. The platform makes closings simple, transparent and less expensive.

Tools 286
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Opinion: Five keys to effective communication with borrowers

Housing Wire

Consider, for example, just one aspect of purchasing a new home in 2023: obtaining mortgage insurance. Most borrowers don’t even know what mortgage insurance is, let alone how much it adds to their cost. Jeff Shores is the author of, “From Contract to Close,” and founder of Shores Consulting.

Insurance 328
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5 ways to provide overwhelming value to buyer clients

Housing Wire

Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals. Be one step ahead of the process once they’re under contract. Be a matchmaker. You must be more proactive than your buyer is in the property search.

Clients 364
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The growing threat of phishing attacks on the mortgage industry

Housing Wire

Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions. a national title insurance underwriting company, said that a lot of the time the weak link in a phishing scheme is the real estate agent.

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Choosing the Right Lender

PennyMac

When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it. Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment.