Housing Wire

NOVEMBER 1, 2022

Rocket Companies on Tuesday launched a loyalty program to attract potential homebuyers into its ecosystem amid one of the most challenging mortgage markets in decades. In the first phase of the program, customers can use points to get discounts on their closing costs when purchase a home through the subsidiary Rocket Mortgage.

Closing costs 448

Closing costs Closing Loans Mortgages 448

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs.

Closing costs 418

Closing costs Closing Agents Mortgages 418

Housing Wire

FEBRUARY 13, 2025

Reverse mortgages were included in the assessment alongside options like Medicaid, Medicare, health savings accounts (HSAs), veterans benefits, LTC insurance and home equity loans. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.

Mortgages 352

Mortgages Equity Loans Closing costs 352

Housing Wire

AUGUST 1, 2024

The Community Home Lenders of America (CHLA) on Thursday issued a comment letter to the Consumer Financial Protection Bureau (CFPB), saying that a major reason for the increase in mortgage closing costs from third parties is due to a lack of competition among third-party providers. Department of Agriculture (USDA).

Closing costs 459

Closing costs Closing Title Loans 459

Housing Wire

NOVEMBER 15, 2024

The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago. Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

JANUARY 23, 2025

In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19 In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19 Fannie Mae s title insurance pilot program could save borrowers up to $2.19

Title 468

Title Land Loans Closing costs 468

Housing Wire

JANUARY 27, 2025

This is according to a recent report published by the Consumer Financial Protection Bureau (CFPB), which is based on data from the National Mortgage Database (NMDB) and the National Survey of Mortgage Originations (NSMO). One source of debt that was not heavily impacted, according to the data, were student loan balances.

Loans 368

Loans Closing costs Mortgages Closing 368

Housing Wire

JANUARY 9, 2025

But in instances where these payments may not be enough to make ends meet, other options should be considered and in the right situation, a reverse mortgage could be one such option. A reverse mortgage is a possibility for seniors with substantial equity in their homes, the column stated.

FHA loan 370

FHA loan Mortgages Equity Closing costs 370

Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

Closing costs 370

Closing costs Closing Loans Title 370

Housing Wire

OCTOBER 13, 2021

The average closing costs for a single-family home increased 12.3% According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes. The report also found that refi closing costs increased by 4.87% to $2,398 from the reported 2020 average of $2,287.

Closing costs 334

Closing costs Closing Mortgages Industrial 334

HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days. in state transfer tax.

Closing costs 105

Closing costs Closing Title search Title 105

HomeLight

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs 105

Closing costs Closing Title Sales 105

Keeping Current Matters

MAY 17, 2021

Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due. Bottom Line.

Closing costs 291

Closing costs Closing Title Land 291

Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. “They can add up to several percentage points of the total mortgage amount. At least when it comes to redundancies with refinancings, that is.

Mortgages 476

Mortgages Closing costs Title Technology 476

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. VA loans are also helping to close the homeownership gap for women and minorities. 3 largest VA lenders, United Wholesale Mortgage (29,901) and Rocket Mortgage (22,553).

VA loan 464

VA loan Loans As-is Mortgages 464

Housing Wire

AUGUST 5, 2020

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages. For those who want zero closing costs, it may not be worth it.

Mortgages 528

Mortgages Loan Officer Lending Loans 528

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs 111

Closing costs Closing Title search Title 111

Housing Wire

FEBRUARY 5, 2024

Freddie Mac will offer a $2,500 credit for very low-income purchase borrowers to help with down payment and closing costs amid elevated interest rates and low housing supply. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

Mortgages 526

Mortgages Closing costs Finance Loans 526

Housing Wire

NOVEMBER 27, 2024

When I began working on this piece, I was told that the mortgage community as a whole—and loss mitigation professionals in particular—would be resistant to the message. Saving for the down payment and closing costs takes time, sacrifice and determination. But I don’t think that’s true.

Equity 397

Equity Mortgages Industrial Closing costs 397

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. But after concerns were brought to the attention of policymakers during the proposal’s comment period, the U.S.

Mortgages 446

Mortgages Closing costs Equity Construction 446

Housing Wire

MAY 1, 2024

First-generation homebuyers as a cohort are “less likely to receive financial assistance from parents to help with the down payment and other upfront costs when purchasing a home,” according to Freddie Mac. Identification of a loan under these conditions is currently optional, the bulletin explained.

Mortgages 459

Mortgages Finance Loans Closing costs 459

Housing Wire

MAY 20, 2024

This may lead an older homeowner to consider a product like a reverse mortgage, but potential borrowers should be aware of the product’s details and the informational resources they can access. She said that reverse mortgages can be expensive, which is why the product should be considered in concert with other options.

Mortgages 448

Mortgages Equity Loans Closing costs 448

Housing Wire

MAY 10, 2024

Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs.

Principal 435

Principal Mortgages Closing costs Closing 435

Housing Wire

AUGUST 13, 2024

The letter was in response to the CFPB’s request for information on residential mortgage fees, which the Bureau issued in late May. The letter was in response to the CFPB’s request for information on residential mortgage fees, which the Bureau issued in late May. of the borrower’s total life-of-loan costs combined.”

Title 468

Title Mortgages Land Closing costs 468

Housing Wire

DECEMBER 16, 2024

This service allows homebuyers who work with a Howard Hanna agent and get their mortgage through Howard Hanna Mortgage Services to receive a credit of up to $10,000 (or 0.5% of the loan amount) at settlement to use toward their closing costs. But if someone hasnt heard of us in California , that is OK.

Brokerage 370

Brokerage Agents Technology Industrial 370

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. In fact, they could actually cost you more (often significantly more) if used incorrectly. USDA loans.

Mortgages 459

Mortgages VA loan Loans Loan Officer 459

Housing Wire

NOVEMBER 20, 2024

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. per score, which caused some lenders’ final costs to surge by as much as 400%.

Mortgages 435

Mortgages Loan Officer Loans Closing costs 435

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

JANUARY 2, 2023

Rocket Mortgage is providing up to $7,500 in credits for first time homebuyers to use toward their mortgage costs as it looks to court customers in underserved communities in select major cities. Rocket has been focusing on garnering more users for its platform in the hopes to get them to lock in mortgages when buying homes.

Mortgages 397

Mortgages Closing costs Closing As-is 397

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

VA loan 468

VA loan Loans Mortgages Lending 468

Housing Wire

FEBRUARY 12, 2024

Where should mortgage rates be before I buy or refinance my home? These are just a few of the questions independent mortgage brokers get asked on a daily basis. This is why it’s more important than ever for independent mortgage brokers across the country to establish themselves as an expert and trusted advisor in the mortgage industry.

Mortgages 482

Mortgages Loans Closing costs Industrial 482

Housing Wire

FEBRUARY 6, 2025

Younger service members struggle during the homebuying process, particularly around paying closing costs. Some of these include lower mortgage rates , insurance costs, and down payment requirements. As a result, veterans have fewer options for obtaining a mortgage. In 1944, the U.S. He retired from the U.S.

Industrial 290

Industrial Lending Closing costs Loans 290

Housing Wire

JULY 2, 2024

After the reverse mortgage industry’s key performance metrics rallied in May, June fared slightly worse than previously telegraphed by case number assignments. Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% Guild Mortgage also posted a gain of 19.1% Each type of reverse mortgage use case also declined in June.

Mortgages 434

Mortgages Equity Loans Loan Officer 434

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. The original effective date as announced last fall remains in effect, which will be April 29, 2024.

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Staying nimble in a fast-paced market with the right mortgage technology. primary home purchases. .

Seller concession 435

Seller concession Mortgages Fixed-rate mortgage Loans 435

Housing Wire

JANUARY 20, 2021

And not just research on the best down payment or neighborhood to live in – you should also search the right mortgage lender. . The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. The good news, it’s easy to find a mortgage lender. Buying a home?

Debt-to-income ratio 459

Debt-to-income ratio Pre-approval Mortgages Loans 459