Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

Sellers 368

Sellers Real Estate Realtors Real Estate Agent 368

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 400

Lending Mortgage Government Finance 400

Housing Wire

OCTOBER 18, 2023

The commissioner also discussed the rise in mortgage loan assumptions. “We’re hoping to have a final policy [for the payment supplement partial claim] out before the end of the year, although I will say keep your fingers crossed that we don’t face any lapse in appropriations that would shut down the government.”

Mortgage 377

Mortgage Government Insurance Tools 377

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 371

Mortgage Loan Officers Government Buyers 371

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. retail residential mortgage applications. In addition, adjustable-rate mortgages rose 13.9%

Mortgage 366

Mortgage Loan Officers Investors Government 366

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. In September, government-insured FHA loans represented a little over 15% of U.S.

Mortgage 425

Mortgage Buyers Insurance Government 425

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. Non-qualified mortgages will continue to be the dominant product in the broker channel, the company said.

Mortgage 348

Mortgage Retail Design Brokerage 348

Housing Wire

MAY 29, 2024

Earlier this year, New Jersey-based mortgage broker Joe Racamato, president of Silex Financial Group Inc., Traditionally, Silex Financial Group ran the initial numbers for a potential borrower to qualify for a mortgage based on what’s on their credit report, according to Racamato. Meanwhile, BNPL loans are growing rapidly.

Mortgage 376

Mortgage Clients Sellers Loan Officers 376

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 378

Marketing Mortgage Investors Sellers 378

Housing Wire

MARCH 28, 2024

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are asking federal housing officials to confirm their treatment of interested party contributions (IPCs) to home purchase transactions. Sellers or buyers can pay the buyer’s agent’s fees. NAR also sent a letter to the U.S.

Real Estate Agent 419

Real Estate Agent Sellers Buyers Agents 419

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

Mortgage 380

Mortgage Retail Lending Sellers 380

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 406

Mortgage Buyers Agents Real Estate Agent 406

Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. UWM currently offers seller- or lender-paid 1-, 2- and 3-year temporary rate buydown options, according to its website.

Appraisal 388

Appraisal Real Estate Agent Sellers Government 388

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona. ”

Mortgage 290

Mortgage Real Estate Agent Real Estate Renovations 290

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. The monthly Mortgage Credit Availability Index fell by 0.7% last month, according to the Mortgage Bankers Association. Presented by: CreditXpert.

Mortgage 351

Mortgage Government Inventory Lending 351

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 351

Mortgage Marketing Retail Construction 351

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. But a senior HUD official in mid-July stated the obstacles to providing small-dollar mortgages, instead of giving solutions.

Mortgage 379

Mortgage Finance Lending Development 379

Housing Wire

JUNE 12, 2024

“It found the loan program has withstood various market changes, accounting for as much as 11% of new home mortgages in the postwar building boom. 3 largest VA lenders, United Wholesale Mortgage (29,901) and Rocket Mortgage (22,553). It originated $17.6 And veterans can use them multiple times.

Real Estate Agent 343

Real Estate Agent Agents Buyers Government 343

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5% points from the 7.5%

Agents 447

Agents Sellers Buyers Finance 447

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. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Real Estate Agent 428

Real Estate Agent Development Real Estate Law 428

Housing Wire

AUGUST 3, 2022

Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months, although the foreclosure rate is still expected to remain below the pre-pandemic historical average, a new report from Auction.com contends. Presented by: Altisource.

Inventory 454

Inventory Clients Government Sellers 454

Housing Wire

MAY 14, 2024

“In April, purchase open orders per day were up 4% over last year, but higher mortgage rates may temper purchase volumes going forward. Looking ahead, while Nolan believes that the housing market will rebound, he noted that the timing is “uncertain and largely dependent on lower mortgage rates.”

Insurance 404

Insurance Real Estate Sellers Housing Market 404

Housing Wire

NOVEMBER 16, 2022

Mortgage lender NewRez added the temporary rate buydown feature to its “Smart Series” non-QM products to leverage the growing group of non-traditional borrowers. Other options, such as the 2-1, and 1-0 rate buydowns are also available for non-QM mortgage products.

Sellers 337

Sellers Government Retail Buyers 337

Housing Wire

MAY 17, 2024

In his annual letter to shareholders in April, the influential head of JPMorgan Chase wrote that “mortgage regulations around origination, servicing and securitization could be simplified, without increasing risk, in a way that would reduce the average mortgage by 70 or 80 basis points.”

Lending 370

Lending Real Estate Agent Contracts Government 370

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Justin Messer, CEO at Prosperity Home Mortgage.

Mortgage 362

Mortgage Real Estate Real Estate Agent Realtors 362

Housing Wire

NOVEMBER 8, 2023

Citing the research, Kasper added that there is “no need to have federal government involvement in a practice that each state knows how to handle best. The proposed FEMA form would not be useful to buyers and duplicative for sellers, virtually having them check the same box on a different form.” 17 unless Congress acts.

Legal 331

Legal Law Insurance Real Estate 331

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. Mortgage rates followed suit, walloping buyers’ purchasing power. How quickly would sellers return if rates were lower?

Inventory 398

Inventory Sellers Mortgage Marketing 398

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. 5000 list of America’s fastest-growing private businesses.

Buyers 351

Buyers Retail Loan Officers Insurance 351

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

Mortgage 361

Mortgage Marketing Buyers Sellers 361

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].

Marketing 407

Marketing Government Mortgage Sellers 407

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 399

Mortgage Insurance Tools Business 399

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.

Sellers 249

Sellers Government Mortgage Business 249

Housing Wire

APRIL 25, 2022

During the market disruption in March 2020, the value of mortgage servicing rights became temporarily disconnected from mortgage rates. 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.

Sellers 328

Sellers Government Mortgage Finance 328

Housing Wire

APRIL 25, 2023

Rocket Central ‘s new vice president of public policy, Karan Kaul, plans to prioritize homeownership opportunities for first-time homebuyers , households of color, low- and moderate-income households that have historically found it difficult to access mortgage credit.

Buyers 325

Buyers Finance Real Estate Agent Government 325

Housing Wire

MARCH 28, 2024

When a manufactured home is titled as personal property, a mortgage cannot be used, so the next best option is to take out a personal property loan, known in the industry as a “home-only” or “chattel” loan. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Business 411

Business Finance Buyers Lending 411

Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans.

Mortgage 383

Mortgage Insurance Contracts Design 383