Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

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Mortgage Home Value Valuation Inventory 468

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. The roots of racial disparities in housing and mortgage markets run deep.

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Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. million homes bought and sold in the U.S. According to data from Statista , there were roughly 5.95 last year.

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Housing Wire

MARCH 27, 2023

At a time of high mortgage rates and inflation, the federal government — along with government-sponsored enterprises — is understandably under pressure to lower costs and make homeownership more accessible. The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession.

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Insurance Government Home Value Real Estate 279

Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. EquityAvail was launched in early 2021 , and is a single, fixed-rate mortgage that is fully disbursed at closing with a maximum amount of up to $4 million.

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Marketing Business Clients Training 356

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 407

Housing Wire

JULY 25, 2023

Insurers and government programs frequently subsidize the cost of rebuilding after storms hit, and mortgages mean homeowners are ceding some risk to lenders—especially if their house goes into foreclosure after a storm,” he explained. Recently, prominent insurance companies have exited some of these areas.

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Housing Market Insurance Marketing Renovations 307

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Assurance Financial

NOVEMBER 9, 2021

Before signing the final papers, there are many factors to consider and scenarios to prepare for to secure your home financing solution. In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). PMI is an additional payment on top of your standard monthly mortgage.

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Insurance Mortgage Home Value Finance 41

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Brokerage Real Estate Clients Insurance 404

Housing Wire

DECEMBER 20, 2021

That’s why the company is concerned with the expanding conforming-loan limits set by the Federal Housing Finance Agency (FHFA), which oversees the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. He said that highlights “the liquidity and appetite for privately funded mortgages at increased levels of scale.”.

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Government Marketing Finance Mortgage 378

Cleveland Appraisal Blog

OCTOBER 29, 2021

In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. For instance, FHA requires that homes being funded FHA have a remaining economic life of at least the term of the loan. So, what’s an appraiser to do?

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Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . Mortgage production in 2022 nationally was down about 50% from $4.44 in June to 6.5%

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Marketing Investing Investors Landlords 407

Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. Subtract your outstanding mortgage balance.

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Appraisal Home Value Appraisal Process Insurance 98

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. The Northmarq report points out that the BFR sector currently accounts for only a small slice of overall home starts, at about 6%. “As Riding a cresting wave.

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Housing Market Marketing Construction Development 545

Eppraisal

MARCH 24, 2023

If you are a homeowner who is age 62 or older, you may qualify for a reverse mortgage. This unique home loan might be financially beneficial to you if you have owned your home for some time, have accumulated a large amount equity and need cash for bills and expenses in retirement. What is a Reverse Mortgage?

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Mortgage Insurance Property Taxes Home Value 36

AmeriMac

MARCH 1, 2024

Getting a mortgage for a home purchase is exciting but comes with financial responsibilities. Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. Mortgage lenders typically require it for loans with a down payment below 20% of the home’s purchase price.

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Appraisal Insurance Appraisal Process Mortgage 36

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

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Insurance Appraisal Buyers Real Estate 146

Eppraisal

DECEMBER 28, 2021

Application: Because You Say So When a mortgage applicant sits down with a loan officer to formally request a home loan, the information conveyed is received in good faith, i.e. the lender's representative gives the prospective borrower the benefit of the doubt as far as representations go regarding income, employment, assets and home value.

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Mortgage Home Value Insurance Loan Officers 68

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Under typical mortgage terms, PMI remains in effect until the loan balance reflects .

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Appraisal Renovations Insurance Home Value 52

Eppraisal

MARCH 29, 2022

Among the diverse assets seniors can pass on is the familial home. In many cases, this property is mortgage-free and home values are high in a tight, sellers' real estate market. This coverage can pay for services administered in the home or in an institutional setting. Who Gets First Dibs?

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Insurance Legal Home Value Real Estate 69

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.

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Insurance Loan Officers Finance Mortgage 59

Eppraisal

DECEMBER 8, 2023

In this guide, we'll walk you through the essential actions you should start now, setting you on the right path to make informed decisions and secure your dream home. Assess Your Finances and Set a Realistic Budget The foundation of any successful home buying journey is a clear understanding of your financial situation.

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Eppraisal

NOVEMBER 22, 2022

First of all, the investor must tally up the operating expenses: mortgage, taxes, insurance, utilities, maintenance, landscaping plus any fees due and payable to the local authorities. Other costs to consider are closing expenses for financing; rehab costs; and advertising/marketing payments.

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Investing Landlords Tenants Investors 68

Raleigh Realty

FEBRUARY 19, 2022

Does Everyone Need to Get Their Home Appraised? In fact, if you have liquid funds, and thus aren't financing your home purchase through a lender, you don't need to have the home appraised. Of course, even if you aren't using a traditional lender for financing, an appraisal isn't a bad idea. Why would you?

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Appraisal Process Appraisal Construction Sellers 139

PennyMac

JANUARY 3, 2024

A VA loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs. Not Just For First-Time Homebuyers While you can use a VA loan for your first home, you can take advantage of the VA loan benefit again if you sell or refinance. Look for homes. Meet with a real estate agent and begin looking for homes.

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Insurance Real Estate Agent Finance Renovations 36

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

Insurance 78

Insurance Appraisal Buyers Real Estate 78

Eppraisal

OCTOBER 11, 2022

Home Values and Affordability A homeowner usually pays three parties for the privilege of ownership: the seller to convey the house; the lender to pay for the house; and the taxing authority to provide local services. The average 30 year mortgage rate as of January 1st was 3.22 percent and has sense gone higher.

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Property Taxes Insurance Home Value Government 36

D Fritz Appraisals

FEBRUARY 22, 2023

Taking equity out of your home to buy another house can be a financially advantageous option, as it allows homeowners to tap into the built-up value of their primary residence without worrying about saving up for a second mortgage. Home equity is like having money in the bank, but it’s tied up in your real estate.

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Real Estate Investing Appraisal Market Value 124

Eppraisal

AUGUST 16, 2022

Before, during and after the COVID-19 pandemic, home prices steadily climbed. These increases, combined with a growing but still modest inventory of houses for sale, make for hard times for banks and other mortgage lenders. Mortgage rates are doing likewise. Because of these occurrences, lenders may be down.but not out.

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Zillow

JULY 15, 2019

Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

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Real Estate Agent Insurance Inspection Buyers 56

D Fritz Appraisals

OCTOBER 11, 2022

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? Mortgage financing and refinancing.

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Appraisal Inspection Property Taxes Easement 105

Zillow

JUNE 20, 2018

Getting a mortgage can be a breeze or a slog, depending on what you know about the process. To get organized and set your expectations properly, let’s debunk some common mortgage myths. Rates are tied to daily trading of mortgage bonds, so most lenders' rates change throughout each day. Lenders use your best credit scores.

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Mortgage Real Estate Agent Real Estate Insurance 36

PennyMac

OCTOBER 25, 2023

Freddie Mac and Fannie Mae Support Fannie Mae and Freddie Mac are government-sponsored entities (GSEs) that help to make mortgage loans more affordable for borrowers. Low-income borrowers whose income falls within 50.01% to 80% of the area median income Homebuyers seeking manufactured homes and who have a moderate income between 80.1%

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Lending Government Finance Mortgage 36

Lamacchia Realty

DECEMBER 21, 2023

The number of new listings as well as average sale price has increased for single family homes and condos/townhomes across all three counties. Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. What does this mean for Buyers ? What’s next?

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New Listings Real Estate Inventory Sellers 49

Eppraisal

MAY 25, 2021

Advantages of a VA Home Loan According to mortgagereports.com, "the VA loan asks for no down payment, requires no mortgage insurance, and has lenient rules about qualifying, among other advantages." The VA home loan is a true "no money down" home loan opportunity. Let the sellers choose a convenient closing date.

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Sellers Home Value Inspection Government 36

Eppraisal

APRIL 21, 2023

These instincts show up in many areas of our lives, especially our finances and investments. Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA). Safety and security are core human aspirations.

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Lending Housing Market Marketing Real Estate 28