article thumbnail

Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

Logistics 410
article thumbnail

Porch acquires mortgage software firm Floify for $90M

Housing Wire

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. It also previously acquired insurance broker Elite Insurance Group , logistics and moving services firm Kandela and personal services company HireAHelpe r. as of late Thursday morning.

Mortgage 368
Insiders

Sign Up for our Newsletter

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

article thumbnail

Opportunities to improve the home-building process

Housing Wire

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. The build process was a logistical nightmare from start to finish. I know that’s not the case for most people.

article thumbnail

As states set up their HAF programs, servicers complain of chaos

Housing Wire

The federal government’s signature program to help homeowners from falling behind on their mortgage, having utilities shut off, or being forced out of their homes, is finally being rolled out across America through pilot programs. HousingWire spoke to servicers to gain insight into how the rollout was going for industry players. “In

Logistics 277
article thumbnail

Buyer agency: a crucial historical shift in real estate

Housing Wire

Even on that topic, without this dedicated representation, a buyer would face the logistical nightmare of coordinating viewings with multiple listing agents, a task hindered by inefficiencies and delays. Buyer’s agents facilitates so much more than just being a glorified door-opener, like many outsiders would have people believe.

article thumbnail

Medical Professionals Moving Guide: Healthcare Relocation Resources

Raleigh Realty

Logistics and Stress - It goes without saying that moving can be a stressful situation. Logistical Considerations to Alleviate Stress It goes without saying that moving can be a stressful situation, especially if you are moving with children. Second, begin to prepare for pre-qualification to obtain a mortgage for your new home.

Logistics 146
article thumbnail

How to Buy a Home as a Single Mom or Dad

Raleigh Realty

This can be done through a bank or private mortgage company of your choice. The following are some of the most common mortgage options provided to you by lenders: Federal Housing Administration (FHA) Loans - FHA loans are government-insured loans and are relatively speaking, easy to qualify for. USDA Loans- The U.S