Housing Wire

APRIL 30, 2024

AARP concerns “FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” HUD said in its update to the policy. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgage 315

Mortgage Real Estate Agent Sellers Construction 315

Housing Wire

MARCH 10, 2023

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. Impac is transitioning its retail consumer direct lending division into a mortgage broker fulfillment model to offer various products at a reduced cost per loan.

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Mortgage Retail Design Brokerage 338

Housing Wire

NOVEMBER 6, 2023

The last thing homebuyers and sellers expect to encounter on their real estate journey is discrimination. These discriminatory practices were written into community covenants and passed down from local government to local government until 1968, when the Fair Housing Act was passed.

Real Estate Agent 417

Real Estate Agent Law Real Estate Agents 417

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. It also allows home sellers to receive top dollar for the home, he said. The product, known as an assumable mortgage, is not new.

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Mortgage Loan Officers Government Buyers 363

Housing Wire

NOVEMBER 16, 2022

For a 3-2-1 rate buydown, the seller contributes a lump sum at closing, which is put in the buyer’s escrow account. Many lenders are offering temporary buydowns on government sponsored enterprise/Ginnie Mae loans, but the non-agency homebuyer has fewer options,” Bob Johnson, chief operating officer at NewRez, said in an email. “By

Sellers 324

Sellers Government Retail Buyers 324

Appraiserblogs

JANUARY 26, 2024

The government and those that write the rules have made it illegal (a punishable violation) to refuse an appraisal assignment in an area which consists primarily of non-whites. Back in the day, this protected the lender from lending more than the home/property is worth. Related Posts: The New Appraisal Profession – Why bother!

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Government Lending Real Estate Appraisal 128

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. These credits can lead to fair lending violations.

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Real Estate Agent Development Real Estate Law 413

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. Are commission fees a future negotiation point between sellers, buyers?

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Agents Sellers Buyers Finance 438

Housing Wire

APRIL 11, 2024

Do we want the mortgage business and leveraged lending business to be inside or outside the banking system? In just the last year, the Department of Justice has called for a full dislocation of real estate commissions between sellers and buyers, and special committees have been set up to reimagine appraisals. ”

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Mortgage Finance Business Insurance 331

Housing Wire

AUGUST 17, 2022

David Horne, the previous CHLA’s government relations representative, was chief of staff under HUD Sec. The groups have also criticized the suspension of the GSE cash window in 2021, and taken issue with the Federal Housing Finance Agency’s proposed requirements for sellers and servicers. Steve Preston.

Mortgage 341

Mortgage Lending Insurance Government 341

Housing Wire

JANUARY 10, 2023

On the seller side, 51% said it was a good time to sell, dropping from 54% in November. In addition to the high mortgage rates compared to two years ago, lending standards have also tightened, as indicated in the MBA’s latest Mortgage Credit Availability Index. in December, led by a decrease in both conventional and government MCAIs.

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Buyers Lending Mortgage Government 458

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin.

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Mortgage Finance Lending Development 375

The Appraiser Coach

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

DECEMBER 27, 2023

Meanwhile, Planet Home Lending, the only lender among the top-14 to increase origination volumes from January to September, compared to the same period last year, said it wants to also grow its servicing business. Sellers usually have an efficient sales force but can’t afford the back-office operations.

Mortgage 366

Mortgage Retail Lending Sellers 366

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. It is appraisers who are destroying the message.

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Appraisal Valuation Lending Contracts 131

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. “The The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 374

Housing Wire

APRIL 25, 2023

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. For Rocket Pro TPO, home sellers or real estate agents funded the program for borrowers. “We’re

Buyers 313

Buyers Finance Real Estate Agent Government 313

Housing Wire

APRIL 27, 2023

The company will now operate as a mortgage brokerage, giving up its retail consumer direct lending division and winding down its third-party origination (TPO). In March, Impac announced changes to the business.

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Brokerage Retail Lending Design 300

Housing Wire

JULY 19, 2023

Prior to Chikonde’s departure, she contacted each of Go Mortgage’s warehouse lenders, investors, as well as government-sponsored enterprises, including Fannie Mae and Freddie Mac , to defame Go Mortgage and its officers, according to a suit filed in the U.S. District Court for the Southern District of Ohio on July 13.

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Mortgage Marketing Retail Construction 342

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. Planet Home Lending delivers home loans backed by Fannie Mae , Freddie Mac , VA, FHA and USDA in 47 states, Washington, D.C.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. The lender originated $14.9 billion in volume in 2022, a decline of more than 50% from its 2021 production of $30.5

Tenants 320

Tenants Loan Officers Finance Clients 320

Housing Wire

APRIL 7, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. ” While the Conventional MCAI, which does not include loans backed by the government, rose 0.3%, the Government MCAI, which examines FHA, VA, and USDA loan programs, fell by 1.6%.

Mortgage 342

Mortgage Government Inventory Lending 342

Housing Wire

APRIL 25, 2022

Large mortgage sellers and servicers faced severe margin calls , and it took several weeks for them to get the go-ahead from the Federal Housing Finance Agency to draw on their liquidity buffers. The FHFA proposed the raft of changes for GSE sellers and servicers in February.

Sellers 315

Sellers Government Mortgage Finance 315

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

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Marketing Government Mortgage Sellers 404

Housing Wire

JUNE 28, 2023

per share net to the seller in cash, without interest thereon. According to Mr. Cooper, the offer is conditioned to certain conditions, including consent from state mortgage regulators, the Government Mortgage Association , the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association.

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Sellers Government Mortgage Business 241

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. I’m comfortable with lending there because I know I’m very familiar with the area.

Mortgage 439

Mortgage Loan Officers Inventory Business 439

Housing Wire

APRIL 19, 2021

In this testimony, which also was published by the CATO institute , he called for the GSEs to be put into receivership, to pay employees on the government salary plan and to increase capital to bank standards. billion over any four quarters, impacting many medium and large nonbank sellers, as well some community banks.

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Mortgage Government Investors Marketing 493

Housing Wire

AUGUST 11, 2020

Shockingly, the gap is wider than it was in 1968, when the federal government first outlawed racially based housing discrimination. The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. This makes it more important than ever to consider how the U.S.

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Government Sellers Development Mortgage 408

Housing Wire

DECEMBER 2, 2021

Lenders can certainly make any loan product from Fannie Mae or Freddie Mac, or for that matter any government-insured loan product, available to their borrowers. If the industry doesn’t step up its new borrower outreach efforts, it could appear to government regulators that the industry isn’t taking the President’s mandate seriously.

Real Estate 432

Real Estate Government Business Real Estate Agent 432

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 391

Mortgage Buyers Agents Real Estate Agent 391

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

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Real Estate Sellers Technology Real Estate Agent 414

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 457

Real Estate Law Inspection Agents 457

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) It never will be. I’ll explain later.)

Agents 384

Agents Buyers Sellers Inventory 384

Housing Wire

AUGUST 8, 2022

Ginnie Mae suggested a 10% minimum risk-based capital ratio for all Ginnie Mae sellers and servicers, except banks. This is important because credit unions and state housing finance agencies play critical roles in supporting community-based lending, particularly in underserved areas.”.

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Finance Mortgage Insurance Government 358

Housing Wire

SEPTEMBER 6, 2023

Investor expectations will change, and government entities will attempt to coordinate their response. Portals will authenticate identity, validate content, facilitate standard agreements, and ensure timely payments between buyers and sellers of homes and service providers.

Supply Chain 362

Supply Chain Real Estate Technology Mortgage 362

Housing Wire

AUGUST 11, 2021

Foremost is the ability for a home seller to work with an in-house Rocket real estate agent who is in “downtown Detroit” and will receive a commission of 1.5% And there’s one lending partner that has the solutions and resources to give LOs just that. One challenge to Rocket’s ambitions may come from the federal government.

Real Estate 414

Real Estate Brokerage Real Estate Agent Agents 414

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

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Loan Officers Clients Mortgage Construction 344