Remove Government Remove Lending Remove Marketing Remove Property Taxes
article thumbnail

How lenders can improve property tax estimation processes to bolster borrower satisfaction

Housing Wire

For the past few years, low mortgage rates have fueled a housing market so hot that even a pandemic couldn’t derail purchase originations. Record-breaking lending volumes led many lenders to tighten up their processes across every stage of the mortgage cycle. The lender was not alone on this timing.

article thumbnail

CFPB proposes rule to bolster PACE loan borrower protections

Housing Wire

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

An affordable housing advocate, who requested anonymity, called the report “stunning,” because it indicates Fannie Mae is only lending to low-income borrowers with the most pristine of credit histories. “A Palim said that a fair lending analysis was outside of the scope of the research paper.

article thumbnail

Incenter acquires due diligence firm Edgemac

Housing Wire

Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. Presented by: Sagent Lending Technologies . The MSR market is already flourishing , as lenders with MSRs on their balance sheet cash in on more favorable pricing. Learn here!

article thumbnail

How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 395
article thumbnail

Financing Options for First-Time Homeowners

Eppraisal

Mortgage lending is about trade-offs, so expect compromises when you make yourself a riskier borrower for lenders. Conventional Mortgages Conventional mortgages are home loans not insured by the federal government. Lenders can easily resell these loans to investors on secondary markets and get them off their books.

Finance 69
article thumbnail

What Metaverse real estate means for mortgage professionals

Housing Wire

There is no public guidance from state or federal regulators at the time of this writing as to whether mortgages for virtual real estate are governed by traditional laws and regulations that govern traditional mortgages. Lending is lending. Section E: Yay, no government fees… for now!