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

JULY 7, 2022

Can Fannie Mae ’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? Since Fannie Mae implemented the program nearly a year ago, Evans said 2,000 loan applications became eligible for purchase which otherwise wouldn’t have before its inception.

Equity 448

Equity Lending Closing costs Development 448

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

AUGUST 4, 2022

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The government-sponsored enterprise will start accepting such loans immediately. The loan must be secured by a principal residence.

Loans 508

Loans Principal Banks Closing costs 508

Housing Wire

MAY 20, 2024

“There are no monthly payments, but interest and fees are added to the loan balance each month,” she said. “So, So, in contrast to a forward mortgage, the loan balance with a reverse mortgage goes up, not down, over time. So, as the loan balance increases, your home equity decreases.” You can sell your home.

Mortgages 446

Mortgages Equity Loans Closing costs 446

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development. It is also wary of some of the proposals.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

APRIL 30, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced their decision late last week to walk back some of these plans. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgages 440

Mortgages Closing costs Equity Construction 440

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. But the fact is, most people simply don’t know that a new home can be purchased with a reverse mortgage.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. It added Freddie Mac loans in 2019 and jumbo loans for JPMorgan Chase the following year.

Mortgages 418

Mortgages Loans Investor Banks 418

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The resources help families with 80% or less of the area median income for down payments or closing costs, for example. In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 370

Banks Loans Equity Development 370

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.

FHA loan 476

FHA loan Loans Title Mortgages 476

Housing Wire

FEBRUARY 8, 2022

Christie Grix , Head of People Ops at Maxwell helped grow the company’s workforce by 154 employees in 2020, enabling Maxwell to scale the services it offers to its customer which resulted in more than $1 billion in loans processed and underwritten per month on the platform.

Closing costs 361

Closing costs Finance Development Loans 361

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

FHA loan 424

FHA loan Loans Title Banks 424

Housing Wire

JULY 22, 2024

Quality control also ensures that mortgage loans meet investor and regulatory standards, which minimize the risk of defaults and foreclosures adversely impacting local markets. This process helps to ensure the accuracy of property values, hedging the risk of blight and preserving community stability and aesthetics.

Lending 442

Lending VA loan Banks Investor 442

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty.

Debt-to-income ratio 435

Debt-to-income ratio Closing Loans Closing costs 435

Housing Wire

MAY 9, 2022

According to a Worker Adjustment and Retraining Notification (WARN) notice submitted to the Employment Development Department (EDD) in California, the company cut 108 jobs in three rounds from February to April but intends to add 81 to the list. “A Owning’s platform processed more than $20 billion in total loan volume in 2020.

Lending 418

Lending Closing costs Title Mortgages 418

Housing Wire

DECEMBER 16, 2022

The title insurance industry is regulated not only across all 50 states, but also at the federal level, with title and settlement companies required to disclose all fees on both the Loan Estimate, which consumers receive three days after applying for a loan, and the Closing Disclosure, which is provided to homebuyers three days before closing.

Title 493

Title Title search Closing costs Land 493

Housing Wire

NOVEMBER 30, 2023

DPAs can take various forms, such as grants, loans or second mortgages, and they are typically tailored to meet the specific needs of the target demographic. Loans: Second mortgages that are paid monthly along with your primary mortgage. With an FHA loan , borrowers can put down as little as 3.5% Many states in the U.S.

FHA loan 448

FHA loan Loans Equity Mortgages 448

Housing Wire

JUNE 8, 2022

We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. The more than six-month delay, FHFA officials said, was due to the development of the pilot transparency program, and the time it took to scrub proprietary information from the plans.

Equity 369

Equity Finance Loans Development 369

Housing Wire

NOVEMBER 3, 2021

The government-sponsored enterprise will provide closing cost credits on multifamily loans for rental landlords who agree to report on-time rental payments through Esusu Financial. Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus.

Finance 468

Finance Closing costs Property Management Equity 468

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan. This change triggered controversy.

FHA loan 397

FHA loan Mortgages Loans Principal 397

Housing Wire

MAY 23, 2022

They’re still using legacy in-house technology for their loan origination system and their processes simply aren’t efficient. When you think of efficiency as a way of managing the cost of the product, investing in technology makes sense. That way, they can control their own closing timeline.

Equity 396

Equity Title Technology Loans 396

Housing Wire

AUGUST 19, 2024

The groups criticizing CFA, and by extension, DOJ, argue that uncoupling commissions will harm first-time home buyers, especially Black and Hispanic homebuyers who may have limited resources to pay down payment and closing costs.

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

SEPTEMBER 7, 2023

The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.

Agents 418

Agents Loan Officer Lending Loans 418

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Some of these costs, such as property taxes and insurance, apply to homeownership in general.

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

Housing Wire

MARCH 28, 2022

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

Marketing 397

Marketing Title Technology Closing costs 397

Housing Wire

OCTOBER 13, 2022

One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. Based on those plans, both GSEs are pushing pilot programs promoting the use of attorney opinion letters, reportedly as an alternative to reduce closing costs.”. But AOL proponents have a different take.

Title 409

Title Closing costs Title search Closing 409

RIS Media

JANUARY 18, 2022

How Do Closing Cost Assistance Programs Work? Each state has programs that provide homebuyers with funds that can be used for a down payment and/or closing costs. Department of Housing and Urban Development to offer assistance. Some homebuyers qualify for loans with low interest rates or no interest.

Closing costs 96

Closing costs Closing Loans Mortgages 96

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Typical seller closing costs.

Closing costs 97

Closing costs Closing Seller concession Purchase and sale agreement 97

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

Closing costs 98

Closing costs Closing Seller concession Title search 98

Housing Wire

NOVEMBER 21, 2022

CoreLogic is proud to sponsor Convergence and lead the development of a novel solution to this thorny supply challenge. The front end of the development cycle (from initial concept, to planning, permitting, and finally, a “shovel-ready” project) can take double-digit months or even years to complete.

Finance 397

Finance Design Equity Construction 397

Realtor.com

SEPTEMBER 21, 2020

xavierarnau / Getty Images With the COVID-19 pandemic still going strong, many city dwellers may be considering a move to the country—and there’s a specific type of mortgage that can help make this a reality, called a USDA loan. Yet many Americans aren’t aware of USDA loans, or assume that they don’t qualify.

Loans 136

Loans Finance Mortgages Design 136

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 370

Equity Technology Investor Residential 370

CT Homes

APRIL 25, 2022

When buying or selling a home, the topic of closing costs is bound to come on the horizon. Closing costs are the fees associated with the various services required to close the sale. Closing costs are the fees associated with the various services required to close the sale.

Closing costs 74

Closing costs Closing Purchase and sale agreement Title 74

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%.

Loans 131

Loans FHA loan VA loan Renovation 131

Realty Biz

DECEMBER 6, 2022

Will that trend continue and what types of mortgages should first-time buyers be looking most closely at? Freddie Mac’s November prediction for average home loan interest rates going into 2023 is 6.4%. Let’s look at what types of loans people should be considering. A variety of down payment assistance loans are available.

Loans 107

Loans Closing costs VA loan Mortgages 107

Marco Santarelli

APRIL 17, 2025

Variable-rate loans , like ARMs, remain near 7%, offering alternatives to fixed-rate loans. Current Mortgage Rates: Snapshot of April 17, 2025 Loan Type Interest Rate Details 30-year fixed 6.74% The most popular fixed-rate mortgage. 15-year VA 5.84% Short-term VA fixed-rate loan. Shorten loan terms to save on interest.

Mortgages 77

Mortgages Fixed-rate mortgage Loans Closing costs 77