Housing Wire

FEBRUARY 26, 2024

Many originators hope to take advantage of a potential refinancing wave that may come with rate cuts. Analyzing the details of market demand will help originators identify how they can better serve clients with unique financial backgrounds through niche products like non-QM loans.

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Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business.

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Housing Wire

JUNE 20, 2023

These complex contracts make selling, refinancing or transferring real estate difficult for homeowners. These companies know how to make their agreements sound good. When we first learned about NTRAPS last summer, we immediately began developing strategies on how to stop these exploitative and predatory business practices.

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Business Brokerage Contracts Real Estate 381

Housing Wire

SEPTEMBER 1, 2020

With interest rates at historic lows and a rush on the suburban market, lenders in New York City and its bedroom communities are working overtime to process what they say is an unprecedented book of business. The post How LOs are dealing with an explosion of activity in NYC’s suburbs appeared first on HousingWire.

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Housing Wire

NOVEMBER 17, 2020

Although The MBA expects decreased numbers of refinancings will lower overall origination next year to around $2.56 At the same time, working longer hours month after month is not sustainable. To scale to make the most of high demand, teams must find ways to work more efficiently together. Here’s how they can. by Q4 2021.

Mortgage 542

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Housing Wire

SEPTEMBER 5, 2023

What we’re trying to do at ICE is break down the various transactions where a borrower and a lender might interface and figure out how we can deliver a set of technology tools and solutions so that the borrower can get their loan — for purchase or refinance — as fast as possible with the least amount of cost.

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Technology Mortgage Tools Insurance 362

Housing Wire

DECEMBER 30, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. That’s because loan prepayment speeds slow when refinancing ebbs. Toohig asked. Are you willing to do that?

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Housing Wire

AUGUST 14, 2023

We often hear stories of self-employed borrowers who get rejected by their bank because the bank doesn’t understand how to qualify their situation. The reality is that when you work with non-QM professionals, you will find that these loans can be done as seamlessly as Agency loans. Education is not to be confused with complexity.

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Housing Wire

APRIL 1, 2022

Patti Cook: When I look back on my time at Salomon Brothers, what drew me to that work and kept me there was the innovation coming to the fixed-income markets during that decade. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

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Housing Wire

OCTOBER 13, 2022

The extra heat of this report was primarily due to how hot shelter inflation has been coming in on the data line. I recently discussed how shelter inflation has legs in 2022 but should change in 2023 on the CPI reports. Last month on CNBC , I talked about this topic and how the growth rate will cool, but it’s a 2023 story.

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D Fritz Appraisals

FEBRUARY 22, 2023

How to Use Home Equity to Buy Another House Are you dreaming of owning a second home? Homeowners can access this equity through refinancing, taking out a second mortgage or HELOC. How To Calculate Home Equity Calculating home equity is essential in using it to buy a second home.

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Housing Wire

OCTOBER 19, 2023

Even though about 30% of mortgage applications are for refinancings, nearly 90% of current mortgage originations today are purchase loans. The cash-out refi option works best for low credit score borrowers with at least 20% equity in the home to qualify, said John Ortega, a loan originator at Mutual of Omaha Mortgage.

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Housing Wire

JULY 19, 2021

She knows how to look past the status quo and determine how we can make real estate transactions faster and frictionless for our agents, affiliates and customers — a critical skill in the technology-driven segment of our industry. How to identify fraud risks early in the origination process. but projects to be at 5% by 2023. .”

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Housing Wire

FEBRUARY 12, 2021

“(The company) noticed a tiny (number) of its independent brokers were refinancing loans three to five times faster than industry standards.” How to Diversify Your Brokerage to Weather Economic Hardship. UWM, which works with over 11,000 mortgage brokers, went public last month at a valuation of $16.1 billion.

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Mortgage Brokerage Law Contracts 270

Housing Wire

APRIL 7, 2021

All of it was effective immediately, and mortgage servicers were asked to execute these directives with little guidance on how to ensure compliance with the new law. We worked with the GSEs to develop better call scripts to ensure at-risk borrowers understood their options. million Americans enter forbearance plans.

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Mortgage Finance Law Investors 447

Housing Wire

SEPTEMBER 21, 2020

Just how busy have lenders been? Homeowners are benefitting from lower monthly payments, while lenders are struggling to manage high volumes – all during a time when their employees continue to work remotely, and many temporary origination flexibilities remain in place. 2003 was the last time refinance activity was as high as the $1.75

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Government Mortgage Marketing Housing Market 542

Housing Wire

DECEMBER 2, 2020

In fact, 44% of those surveyed by Zillow said they’d experienced some sort of recent work- or pay-related change in their household. Here’s how to get an instant offer on your home. With housing market inventory so low and home prices rising, how will homeowners find a replacement property once their house is sold?

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Housing Wire

FEBRUARY 24, 2023

That’s why industry leaders are working on new solutions to the loss mitigation toolkit, including successors for the Covid-19 partial claim options. A partial claim works like an interest-free loan that borrowers can use to make their mortgage current. Falcione said “we have been really working to get the backlog down.”

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Mortgage Investors Development Housing Market 358

Housing Wire

MARCH 10, 2023

They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.” With all the competing headwinds and tailwinds at work in the current market, Barber added that it’s an “especially hard moment to predict which way prices, or HELOC borrowing, will trend in 2023.” “If

Housing Market 364

Housing Market Marketing Contracts Lending 364

Housing Wire

JULY 28, 2021

Other factors working against the industry include the amount of loans being assigned to the Federal Housing Administration (FHA), even as the number of age-eligible borrowers continues to increase in an oft-mentioned demographic shift. We’re seeing very low interest rates right now, and sharply appreciating home prices.”.

Business 295

Business Mortgage Clients Marketing 295

Housing Wire

JUNE 1, 2022

This was up from $9,140 per loan in the third quarter as the market transitioned from a rate-term refinancing market to a purchase and cash-out refinancing market. As part of our efforts to help the industry’s journey towards a true digital mortgage, Freddie Mac is excited to work with MISMO in developing e-Eligibility Exchange.”.

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Insurance Real Estate Agents Technology 392

Housing Wire

JULY 27, 2021

HousingWire recently spoke with SitusAMC CEO Michael Franco about the current market outlook and how lenders can focus on efficiency and stay agile in the midst of market shifts. HW: As we move from a refi boom to a competitive purchase-heavy market, how can lenders maintain momentum?

Mortgage 384

Mortgage Technology Lending Clients 384

Housing Wire

SEPTEMBER 23, 2021

How technology can help underwriters work more productively. HousingWire spoke to Sage Nichols about some of the current trends and technology in mortgage underwriting and how CoreLogic’s Complete Collateral is helping underwriters work more efficiently. for the past two weeks. The 10-year Treasury Yield for Sept.

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Mortgage Inventory Construction Technology 450

Housing Wire

NOVEMBER 9, 2022

Additionally, tapping all of their equity at once can work against them if property values in their area decline. Home equity loans also require refinancing to get a lower interest rate, and the borrower can’t take out more money for an emergency without taking out another loan. How to choose between a home equity loan and a HELOC.

Mortgage 531

Mortgage Marketing Appraisal 531

Housing Wire

JULY 12, 2021

The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. According to Better, Trussle works with over 90 lenders to close mortgages for U.K. It originated approximately $24 billion in mortgages in 2020, up from about $5 billion the prior year. homeowners.

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Brokerage Mortgage Loan Officers Finance 391

Housing Wire

SEPTEMBER 22, 2021

Today, more borrowers are self-employed, work remotely and have multiple streams of income. For brokers, working with these borrowers can be complicated because they require unique processes. HousingWire: How has the average borrower changed over the last few years? That represents about a 7.5%

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Finance Technology Lending Mortgage 370

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Shift in internal messaging, recruiting high-producing LOs There’s no doubt that Rocket’s model works exceptionally well when the environment is heavy refi. billion in profit in 2020 and $6.1

Loan Officers 362

Loan Officers Retail Real Estate Agent Real Estate 362

Housing Wire

MAY 17, 2023

How does it change the company strategy? Every day, we could let them know how much money they could save by refinancing their house. Nunes: How relevant will all these other businesses be to the company? Refinancing activities are at 20-year lows. This is not just an opportunity for a one-time client.

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Marketing Clients Mortgage Business 326

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. Think of how much value you would bring when you present these programs locally to firehouses and police stations.

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Real Estate Government Law Buyers 410

Housing Wire

OCTOBER 21, 2022

So how is the servicing sector reacting? Friedman said that as volume slows down, they also see more calls from borrowers wanting to understand what their options are in terms of refinancing a loan at a lower mortgage rate or looking at loan modification. The post How are higher mortgage rates affecting servicing?

Mortgage 340

Mortgage Investors Lending Property Taxes 340

Cleveland Appraisal Blog

OCTOBER 27, 2022

How can you prepare for the inspection? When selling or refinancing a house, an appraisal is typically necessary. When selling or refinancing a house, an appraisal is typically necessary. An impartial appraiser can give a homeowner a reliable assessment of their home’s value for mortgage or refinancing purposes.

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Appraisal Inspection Buyers Advertising 384

Housing Wire

MAY 18, 2022

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

Mortgage 397

Mortgage Clients Insurance Tools 397

Housing Wire

JULY 29, 2021

As the economy works to get back to its pre-pandemic self, and the fight against Covid-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time,” said Khater. How fine-tuning MSR valuations can help lenders improve decision-making.

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Mortgage Valuation Investors Housing Market 421

Housing Wire

SEPTEMBER 27, 2022

It can force lenders back to the basics — to refocus on the things they can control that have always been the most important element of the home-buying journey anyway: How customers feel when they work with you. How exceptional service creates long-term ROI. The greater the need, the better the service.

Logistics 357

Logistics Lending Real Estate Agent Technology 357

Housing Wire

OCTOBER 20, 2020

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis. How a pragmatic approach to eClosings helps lenders succeed during COVID-19 and beyond.

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Law Marketing Mortgage Valuation 487

Housing Wire

JUNE 17, 2022

It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. They had a unique approach to hedging and though I never imagined I would work in finance as a kid, it was an amazing journey. Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova.

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Housing Wire

MAY 25, 2023

Many of the baby boomers that have a mortgage on their current home likely refinanced during the pandemic to get a very low interest rate. Once you do the comparison, you’ll notice how dynamic the program is and how well it can position someone in their retirement phase of life.”

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Loan Officers Real Estate Agent Real Estate Finance 391