Housing Wire

JULY 7, 2023

There is a lot less liquidity for fix-and-flip and bridge loans in today’s market, especially after the banking crisis,” said Keith Lind, CEO of Acra Lending. “In There’s also the problem of declining home values and appraisals coming back lower than the investor’s expectations. That’s what people are struggling with,” he said.

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Housing Wire

MARCH 14, 2022

Rate-term refinance lending activity was down for the fifth consecutive month – falling to the lowest level in three years – and is down 80% from 2021 levels. Cash-out locks – which have been somewhat insulated due to strengthening home values, were down 6.3% over last year. Presented by: SitusAMC. from the same time last year.

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Home Value Lending Mortgage Marketing 388

Clear Capital

APRIL 1, 2024

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. What is home equity lending?

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Housing Wire

MAY 17, 2022

“This year, as interest rates continue to rise and home equity lending volumes skyrocket, this funding will allow us to continue innovating faster and provide a superior customer experience, while delivering end-to-end solutions that are in high demand in today’s constantly changing lending environment.”.

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Investing Technology Lending Home Value 348

Housing Wire

APRIL 10, 2023

DG: For the past few years, homeowner engagement has been pretty basic — mostly apps focused on home value, home equity and market reports. This was fun to look at when home values were skyrocketing but is kind of depressing when the market starts to flatten or decline.

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Home Value Technology Clients Advertising 407

Housing Wire

JULY 26, 2021

Justice Department charges of fair-lending violations. As with many industries, the mortgage-lending market has increasingly moved online. As part of this trend, the share of loans being made by so-called “fintech” — lenders that make home loans almost exclusively online — has grown enormously.

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Mortgage Lending Real Estate Agent Government 498

Eppraisal

MARCH 15, 2024

Community centers may also offer tool lending libraries, where homeowners can borrow specialized equipment for their projects. Additionally, annual events such as the DIY Weekend hosted by the Seattle Public Library in Seattle, Washington, provide hands-on workshops and demonstrations for homeowners eager to learn new skills.

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Home Value Home Improvement Renovations Design 36

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. If the home value appreciates, customers get to keep the difference.

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Tenants Loan Officers Finance Clients 353

Housing Wire

OCTOBER 11, 2022

Purchase rate lock counts, which exclude the impact of soaring home values on dollar volume, are down more than 10% from 2019 levels, marking the third consecutive month that the number of purchase locks has fallen below pre-pandemic norms, Black Knight said. Presented by: Teraverde.

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Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Lending Home Value Mortgage Renovations 423

Housing Wire

NOVEMBER 14, 2022

However, purchase lending has faced continued downward pressure due to affordability constraints. “Despite home prices continuing to pull back in a growing number of markets across the country, the current rate environment means affordability remains a thorny challenge.”. Presented by: ServiceLink.

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Marketing Lending Home Value Mortgage 361

Housing Wire

FEBRUARY 1, 2023

Black Knight Servicing Digital is a powerful, white-labeled solution that allows servicers to provide consumers with information about their home value and how to grow and leverage wealth from their property.

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Design Tools Modernization Home Value 363

Housing Wire

APRIL 20, 2021

Reginald Edwards, Redfin senior economist, said racist housing policies that were outlawed in the 1960s combined with “continuing biases” among homebuyers and housing professionals in parts of the home-buying process — like appraisals and mortgage lending — are keeping Black Americans from building wealth through home equity.

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Housing Wire

MARCH 29, 2023

“After that time, HELOC production waned as defaults spiked and home values plummeted, and HELOC securitizations effectively stopped for nearly a decade. I think that trend is going to continue, and you’re going to see a lot of supply of home-equity lending in the market in the future because the consumers want it.

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Contracts Lending Investing Investors 363

Housing Wire

NOVEMBER 7, 2022

trillion, or 10%, in the third quarter, “which may, along with rising rates, create headwinds for equity-related lending,” the report said. . Median home prices dropped 0.52% in September, continuing a three-month streak of declines, but slowed at half the pace of the previous two months. trillion in the second quarter of 2022.

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Housing Market Marketing Home Value Mortgage 356

Housing Wire

SEPTEMBER 22, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for tapping into home equity.

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Marketing Contracts Finance Home Value 376

Housing Wire

SEPTEMBER 7, 2022

As mortgage rates climb to the mid 6% range and home values continue to increase, the new conforming loan purchase limit will offer better pricing, require a smaller down payment for home purchases and easier documentation compared to a jumbo loan, Rocket said. .

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Home Value Mortgage Government Lending 454

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Only homes in census tracts with poverty rates of at least 130% of the area poverty rate, median family income below 80% of area median income, and median home values lower than the area median value would be eligible for the credit.

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Renovations Development Investors Legal 502

Housing Wire

SEPTEMBER 1, 2022

Home equity lending, an area traditionally dominated by depository banks, is becoming popular at non-depository banks as consumers are increasingly interested in home equity loans and home equity line of credit (HELOC) products to leverage theirr rising home values. .

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Home Value Mortgage Lending Investing 370

Housing Wire

MARCH 10, 2023

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume.

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Housing Market Marketing Contracts Lending 367

Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. They are businesses that lend money, borrow money and invest money that they hold on behalf of their customers. What Happens when a Bank Fails? Banks are more than depositories.

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Lending Housing Market Marketing Real Estate 28

Housing Wire

FEBRUARY 6, 2023

“On the surface, it may seem the market has been stirred by a full point decline in interest rates and home prices coming off their peaks – but it’s not that simple,” Graboske said. December did see home values post their sixth consecutive monthly decline, and prices at the national level are now 5.3%

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Inventory Mortgage New Listings Home Value 382

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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Valuation Client Relationships Clients Inspection 196

Housing Wire

MAY 9, 2022

Cash-out refinance activity, in contrast, is led by increasing home values by homeowners seeking to tap into their home equity. month over month, driven by a 50% drop in rate-term-refinance lending activity. in April from the previous month. Compared with April 2021, rate-and-term refinances were down 89.2%.

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Mortgage Home Value Buyers Lending 370

Housing Wire

APRIL 17, 2023

About 34% of current homeowners who have taken out a mortgage in the last five years plan on taking out a home equity loan in the next year and 29% say they have considered refinancing. These borrowers are therefore likely to consider more than one lending institution when going through the mortgage process,” the survey report states.

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Mortgage Finance Investing Home Value 328

Housing Wire

JULY 14, 2021

. “Demand for second homes is dropping back down to earth as many employees return to the workplace this summer,” Marr said. “That return to the office, along with soaring prices and tighter lending standards for second homes, is shifting homebuyer demand in favor of primary residences.

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Home Value Contracts Lending Mortgage 433

Housing Wire

FEBRUARY 1, 2023

This includes making payments, analyzing and adjusting tax and insurance escrow accounts in real-time, requesting and processing help for hardships, and viewing and taking action on home value and available home equity. and see the same data their customer is seeing.

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Mortgage Technology Modernization Investors 433

Housing Wire

MARCH 23, 2022

Available to clients aged 55 and older (in select states), this product allows eligible homeowners to tap into more of their home equity sooner rather than later with lower upfront costs. The program is available to a wide range of homeowners, with lending limits as high as $4 million*.

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Mortgage Clients Business Training 374

Housing Wire

JANUARY 18, 2023

“A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said. A small decrease from where we’re at today can be a really nice way to offset some of the affordability concerns with mortgage rates going up,” Brown said.

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Housing Market Marketing Insurance Mortgage 433

Housing Wire

FEBRUARY 28, 2021

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Instead, the Sales Boomerang system notifies mortgage lenders the moment someone in their database is actually ready for a loan — whether it’s a home equity loan, a refi or a new purchase.

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Clients Home Value Design Tools 361

Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. In fact, Austin has just about 1.2 months of supply, and has seen a 19.7%

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Housing Market Buyers Marketing Real Estate Agent 532

JMV Lending

MARCH 23, 2022

The post #1 Factor Zillow Estimates Get The Most Wrong (Why We Need Appraisers) appeared first on JVM Lending. As a former appraiser and armed with my extensive neighborhood knowledge, I was often shocked by how wrong Zillow’s estimates were. Here are some of the things Zillow […].

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Appraisal Lending Home Value 148

Housing Wire

MAY 4, 2022

Various mortgage finance innovations facilitated larger loans at the same monthly payment to keep up with growing home values – which is one reason why house prices kept going up. Tighter mortgage underwriting : Lending standards are much tighter today than during the mid-2000s.

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Housing Market Finance Marketing Mortgage 365

JMV Lending

AUGUST 11, 2023

Rates shot up because of Fed comments about inflation concerns yesterday and because of a higher-than-expected Producer Price Index print […] The post How Much Power Do Appraisers Have Over Market Values? appeared first on JVM Lending. Holy Rate Volatility, Batman!

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Market Value Appraisal Marketing Lending 78

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Mortgage Technology Investing Investors 441

Housing Wire

FEBRUARY 21, 2023

Despite much of the talk out there, buyers are not coming back until home values come down dramatically – you probably won’t see a tremendous pickup. “But honestly, despite much of the talk out there, buyers are not coming back until home values come down dramatically – you probably won’t see a tremendous pickup.

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Clients Mortgage Business Home Value 305

McKissock

MAY 13, 2022

Home Value Stories. The Home Value Stories podcast, hosted by residential real estate appraiser Jamie Owen, is designed for those who would like to learn more about real estate appraisals and other real estate-related topics. The Real Value Podcast is hosted by well-known real estate and appraiser coach, Blaine Feyen.

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Real Estate Appraisal Appraisal Tips Home Value 104