Housing Wire

MARCH 25, 2021

Do I need to pay off my student loans before buying my first home? You Don’t Need As Big Of A Down Payment As You Think. With these rates, it’s a bit easier to save a down payment , while still paying down debt. You Can Always Defer Payments. You Make Enough Money To Have It All! buying a home is expensive.

Finance 497

Finance Real Estate Insurance Government 497

Housing Wire

MARCH 12, 2021

As you start the real estate process, saving for a down payment—often while paying off debt in tandem—can feel like a big hurdle. For a long time, I would make minimum payments on credit cards/student loans and glance at my accounts a few times per year. My fiance and I followed this trend. Buying a home?

Real Estate 437

Real Estate Real Estate Agent Design Agents 437

Housing Wire

SEPTEMBER 21, 2023

Broker-owners’ operations teams are receiving more and more “non-payment” of MLS dues notices. We need to be more strategic in how we use technology and what kind of investments we make in our businesses, including our talent attraction and retention game. Which agents account for your top 25% of sales?

Agents 399

Agents Real Estate Real Estate Agent Business 399

Housing Wire

FEBRUARY 22, 2022

At the same time, those options trigger specific additional requirements from investors, including reporting principal and interest collection activity, drafting funds due to the investor, resolving any reporting or drafting discrepancies, and reconciling custodial accounts. Includes web applications. According to the J.D. Power 2021 U.S.

Investors 346

Investors Mortgage Construction Business 346

Housing Wire

APRIL 26, 2023

To achieve deal flow, loan officers have been forced to come up with creative ways to persuade buyers they can make the deal work, half a dozen of mortgage professionals interviewed by HousingWire said. So I get to dip my toe into both worlds,” Burruss added. Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officers 394

Loan Officers Mortgage Inventory Clients 394

Housing Wire

SEPTEMBER 1, 2023

We know there are some who have been hurt, and we acknowledge that it is up to all of us at NAR to make the necessary change to create an atmosphere where they feel safe. By Wednesday, this effort had morphed into the NAR Accountability Project. We recognize there is so much work to be done.

Realty 358

Realty Design Business Realtors 358

Housing Wire

APRIL 20, 2022

million sales print on Wednesday is in line with my 2022 forecast sales range between 5.74 Due to COVID-19, I needed to make severe adjustments because the year-over-year data has been out of whack. My goal has always been the same; we want inventory to get back into a range of 1.52 – 1.93 million and 6.16 million level.

Housing Market 486

Housing Market Marketing Inventory Mortgage 486

Housing Wire

SEPTEMBER 16, 2021

With that in mind, I wanted to review MBA ’s latest data on mortgage delinquency, foreclosure, and forbearance rates and provide my thoughts on where these trends are likely headed. It is important to note that in MBA’s NDS, loans are marked as delinquent if payments are not made in accordance with the terms of the mortgage.

Mortgage 481

Mortgage Inventory Investors Design 481

Housing Wire

JULY 18, 2022

HUD officials earlier this year said cuts to borrower fees depended on the number of borrowers behind on their payments. To use the budget in this way is the Washington equivalent of: ‘My dog ate my homework,’” Chappelle said. Income from programs that make money — as FHA does — is deemed “negative credit subsidy.”

Insurance 435

Insurance Transportation Mortgage Government 435

Housing Wire

DECEMBER 20, 2021

“I’m still in this job, but I’m not making as much as I was at the previous one,” he said. “I’m trying to make an extra anywhere.” “But all my forbearance is done, and I can’t get any more,” Wilen said. It took Wilen, 49, about two months to get a new job.

Mortgage 351

Mortgage Government Contracts Insurance 351

Housing Wire

MARCH 30, 2023

How can we be sure not to make the same mistake that millions of people made by calling for housing to crash in 2020 and 2021? It means certain mortgage products might not be offered, FICO score requirements might be raised, and it can mean pricing for certain loans goes up to account for the risk. Why is this so important?

Housing Market 513

Housing Market Mortgage Law Marketing 513

Housing Wire

JANUARY 31, 2024

Information exposed by the breach included customer bank account numbers, names, addresses, phone numbers and Social Security numbers. It should not be the account that you are using for your daily activity, and it should be extremely limited to just the people that need it.” You have to actually rehearse it to make sure it works.

Mortgage 414

Mortgage Insurance Tools Business 414

Housing Wire

APRIL 12, 2023

That payment can be made in the form of mortgage points or a lump sum deposited in an escrow account with the lender and used to subsidize the borrower’s reduced monthly payments. “As For example, a 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession.

Mortgage 334

Mortgage Marketing Loan Officers Real Estate Agent 334

PennyMac

MARCH 4, 2024

A good mortgage lender is a valuable resource and can make the home-buying process easier and less stressful. This gives you a clear picture of your buying power and can help you make a stronger offer on a home. 5%, can add up to a considerable increase in your monthly payment.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

OCTOBER 13, 2020

Many even knew they had an inferior device, but they put up with it out of the perceived headache involved in making the upgrade. In this article, we explore what makes change in and out of subservicing so intimidating — but why, in the end, you’ll be happy you did. This fear makes changing seem much scarier than it really is.

Clients 378

Clients Development Inventory Technology 378

Housing Wire

JUNE 21, 2022

My nightmare scenario, on the other hand, has happened and this is bad news for everyone. Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

AUGUST 17, 2023

I’ve even seen multiple accounting systems! In my previous article about renegotiating your vendor contracts , I talked about taking an inventory of your systems, providers and contracts so you can work with your vendors to get better pricing. If that’s not enough, go through the credit card expenses, auto-payments and invoices.

Real Estate 284

Real Estate Contracts Tools Training 284

McKissock

AUGUST 9, 2022

I try to put money back every time I have a closing in my Christmas account. I have learned to just give up something that is really not that important as I would rather have funds to provide for my family at this time of year.” — Tamie Williams , Crye-Leike Realtors, Georgia. First of all, I always pay my taxes quarterly.

Real Estate 90

Real Estate Real Estate Agent Business Tools 90

Housing Wire

APRIL 6, 2021

She received help from family members and was also able to take a loan out against her 401(k) to make up the difference. He wasted my client’s money. So now I’ll find another lender and make sure they aren’t using that appraisal company.”. Linda plans to move into the new house later this spring. Wow, since when?

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

AUGUST 10, 2023

I’ve never seen a settlement agreement like this in my 30 years,” Saris said. Moving forward, Izard said the money would be held in an attorney trust account until his firm asked the court to approve the expenses at “an appropriate time.” Saris said that she had never done something like that before, but said it was “very creative.”

Buyers 312

Buyers Realtors Legal Finance 312

Housing Wire

MARCH 4, 2022

unemployment rate stands at 3.8%, and we are getting closer and closer to my September 2022 forecast of getting all the jobs back that we lost due to COVID-19. That leaves us with 2,163,000 jobs left to make up with seven months to go, which means we need to average adding 309,000 jobs per month. The 10-year yield and mortgage rates.

Mortgage 383

Mortgage Retail Construction Marketing 383

Housing Wire

FEBRUARY 6, 2023

I believe that servicers — and the fintech partners that power them — should incrementally innovate by bringing real-time solutions to real-time policy making. Of course, the goal is to make servicer processes easier with technology, and we’ll get there by blending fintech and servicing operations expertise.

Mortgage 322

Mortgage Technology Investors Modernization 322

Housing Wire

JULY 13, 2022

All these phrases imply that capitalism can consider factors outside of quarterly earnings when making investment decisions. Ginnie MBS, for example, could be included in funds that focus on social impact, as they typically pool mortgages to borrowers with little credit history or needing down payment assistance.

Investing 334

Investing Mortgage Investors Transportation 334

Housing Wire

MARCH 13, 2024

A coach works best for someone who is actually looking to grow their business, someone who is looking to put in the time and the energy to make a difference in achieving more income this year. Pricing Tom Ferry’s Prospecting Bootcamp and Fast Track coaching programs cost $999 but can be broken down into three monthly payments.

Real Estate 427

Real Estate Real Estate Agent Agents Training 427

Housing Wire

OCTOBER 9, 2023

What’s more, Illinois has reciprocity agreements with nine other states, making it an excellent location for starting an exciting, new career in real estate. Is your goal to sell high-value homes as part of a luxury firm or help first-time homebuyers make their dream of ownership come true? How do I submit my license renewal?

Real Estate Agent 396

Real Estate Agent Real Estate Agents Brokerage 396

Housing Wire

APRIL 27, 2021

As it is, these tools interrogate humans to make their decisions. payment amount in 2017?” The wrong answer I supplied locked me out of my account for 24 hours. AI, blockchain and borrower-facing portals that finally make consumers feel like they have some control are getting attention again. But that won’t last.

Mortgage 401

Mortgage Technology Tools Modernization 401

Housing Wire

MARCH 31, 2022

My rule of thumb has always been, if you’re going to use the phrase housing bubble, you need to point to when the bubble started, because a bubble means that prices would fall back to some earlier point in time. First, because there is no speculative debt demand going on today, there can’t be a housing bubble. Home prices have grown 108.3%

Housing Market 527

Housing Market Inventory Lending Marketing 527

Housing Wire

NOVEMBER 30, 2023

can be intimidating, the right study tools can make all the difference on exam day. Since your commission checks will be larger if the brokerage has a fair rate, consider each brokerage’s rate before making a decision. If you already have a PSI account, you can log in to begin the booking process and schedule your test.

Real Estate 393

Real Estate Real Estate Agent Brokerage Agents 393

Housing Wire

JULY 25, 2023

Gregory was shocked to find out that her yearly payment would go from $8,800 to nearly $36,000 if she signed on with the new company. “I thought this was my forever home,” Gregory told First Coast News , which first reported the story. “It can’t be my forever home if I can’t afford it.”

Insurance 359

Insurance Housing Market Marketing Agents 359

Quicken Loans

JUNE 23, 2021

With so much to think about when you’re applying for a mortgage, it’s hard to give even a second’s thought to how you actually make those monthly payments once you begin your repayment of the loan. Read on to get the information you need so that you never have to think about the mechanics of your mortgage payments again.

Mortgage 43

Mortgage Property Taxes Insurance Technology 43

Appraisal Today

SEPTEMBER 22, 2023

Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. Broker-Associates and Appraisal Licensees accounted for 13% and two percent, respectively, while the remaining two percent reported holding other types of real estate licenses. That was my training.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Quicken Loans

NOVEMBER 10, 2021

Your credit score is calculated based on your payment history, the amount of money you owe, the length of your credit history, the type of credit you have and new credit that has been added, so a change in your score means one of those has changed. Why Did My Credit Score Go Down When Nothing Changed? An Account Has Closed.

Mortgage 66

Mortgage Lending 66

Housing Wire

JANUARY 29, 2024

The first is a “perfect storm” that is brewing with escrow accounts and the second is the proliferation of cyber attacks on both servicers and major tech providers. The combination of higher taxes and insurance premiums has the potential of creating major shocks for millions of borrowers with escrow accounts.

Insurance 379

Insurance Real Estate Technology Clients 379

Quicken Loans

DECEMBER 5, 2021

If you are a prospective home buyer, you know that one of the most difficult parts of pursuing homeownership is saving up for a down payment, but it’s absolutely possible. Let’s explore how to save for a down payment. What Is A Good Down Payment For A House? How To Save For A House Down Payment. Plan Your Savings Budget.

Buyers 66

Buyers Finance Mortgage Design 66

The Robert Weiler Company

SEPTEMBER 23, 2020

Collect and deposit the rent; your property management team can set the due date for rent payments, collect the checks, and deposit them into the appropriate accounts. However, you will get to make the most of your investment without becoming inundated with your property’s micromanagement. What is their reputation?

Property Management 142

Property Management Tenants Investing Legal 142

Assurance Financial

DECEMBER 20, 2021

Should I Pay Off My Mortgage Before Selling My House? If you plan to move and already have a mortgage on your current home, your first thought may be to pay off your mortgage early , so you’re free of your monthly payments. This option requires some planning, but you can make it happen.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Housing Wire

JUNE 2, 2023

“It’s all about making sure they [brokers] have options.” No one is selling their $300,000 house at a 3% interest rate to buy a $400,000 home at 6% because then their payments are going to more than double. If you take out the servicing rights marks, we make a whole bunch of money. So what if rates were 4.5%?

Retail 363

Retail Inventory Mortgage Loan Officers 363