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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. The lock-in effect when homeowners avoid selling to hold onto good rates permeated the market this year, which increased demand for new construction homes. Why is that important?

Loans 343
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Home inspector sees interaction from baby boomers, aging in place and reverse mortgages

Housing Wire

New construction The reverse mortgage industry has, for a while, aimed to communicate the potential benefits of the Home Equity Conversion Mortgage ( HECM ) for Purchase program as a mechanism for securing a new home by using a reverse mortgage. Some feel like homes arent built like they used to be.

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Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions

Housing Wire

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. The post Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions appeared first on HousingWire. We’re well-capitalized and committed to mortgage, particularly the broker channel.

Lending 370
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Beyond rates: How Flagstar’s expertise and support drive broker success

Housing Wire

In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators. We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.”

Lending 466
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FHLBank Chicago adopts VantageScore 4.0 model

Housing Wire

The Federal Home Loan Bank of Chicago (FHLBank Chicago) and consumer credit scoring system VantageScore announced on Tuesday that the bank is now accepting mortgage collateral using VantageScore 4.0, an updated version of the scoring system using trended credit bureau data. “[M]ember that use trended credit bureau data.

Banks 420
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New home sales rose by 9.6% in March

Housing Wire

“Despite signs of economic uncertainty in March, which included news of bank failures, buyers are still showing demand for new homes.” The faster sales pace meant the inventory of unsold new homes continued to fall, dropping from 436,000 in February to 432,000 in March. This represents 7.6

Sales 435
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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. It also has a niche in construction and manufactured home loan programs. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 457