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% Equity takeout” loans — reverse mortgages that are neither purchases nor refinances — dropped by 4.8%

Mortgages 431

Mortgages Equity Loans Loan Officer 431

Housing Wire

JUNE 21, 2024

The Montana Board of Housing is aiming to remind the state’s seniors about a government-administered program that is specifically designed to help older adults access their home’s equity — and it should be very familiar to members of the reverse mortgage industry. This is where the RAM program can come into play.

Mortgages 396

Mortgages Equity Finance Closing costs 396

Housing Wire

DECEMBER 9, 2024

Although no person can truly predict mortgage rates for there are several factors involved; Industry forecasts predict interest rates will hover between 5.5% Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. and 6%, with potential dips below 6% by mid-year.

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

Backup offer 448

Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

NOVEMBER 27, 2024

Because not only are we an industry that values the bottom line, we serve the spirit behind the American Dream of homeownership. Saving for the down payment and closing costs takes time, sacrifice and determination. As an industry, we must ultimately consider the bottom line. But I don’t think that’s true.

Equity 397

Equity Mortgages Industrial Closing costs 397

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

Loan Officer 418

Loan Officer Equity Finance Loans 418

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

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers.

Loans 418

Loans Mortgages Land Finance 418

Housing Wire

FEBRUARY 12, 2024

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. Do they need to tap into their equity to pay off other debts? Are they interested in buying, but worried about down payment and closing costs?

Mortgages 482

Mortgages Loans Closing costs Industrial 482

Housing Wire

AUGUST 19, 2024

Unspent funds allocated to the program can be put to use by assisting the state’s older residents with reverse mortgage financing at a relatively low interest rate when compared to either Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) or proprietary product options.

Mortgages 429

Mortgages Loans Equity Principal 429

Housing Wire

MARCH 2, 2021

It combines the proven services and expertise of Premium Title and Springhouse Valuations to provide a full suite of customizable products focused on the home equity lines of credit (HELOC) market. Now, more than ever, the mortgage and real estate industries require efficient, cost-effective and reliable due diligence solutions.

Title 329

Title Lending Due diligence Title search 329

Housing Wire

OCTOBER 21, 2021

The resources help families with 80% or less of the area median income for down payments or closing costs, for example. million, two-year partnership with the Urban Institute to create a racial equity accelerator program. The total volume should not be lower than $100 million for each bank.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

APRIL 26, 2023

Bridge loans are popular among his clients since they allow homeowners to tap into their equity when buying a home, as well as a professional mortgage where buyers in a specific industry can make a 10% down payment without mortgage insurance, Parkinson explained. Niche loans consist of about 5% of Parkinson’s business.

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

NOVEMBER 21, 2022

The housing industry is at an unprecedented moment in time. This deficit greatly exacerbates the challenge of bringing equity to homeownership, particularly for low-to-moderate income (LMI) home buyers who are disproportionately people of color. trillion in mortgage origination volume in 2022.

Finance 397

Finance Design Equity Construction 397

Housing Wire

MAY 8, 2023

I pay the closing costs for veterans, first responders and educators to help expand homeownership among these groups,” said George Russell, a Texas-based Auction.com buyer. We] don’t want to foreclose on people with equity … [but] people don’t know they have equity or put their head in the sand.” in April. “[We]

Renovation 435

Renovation Equity Mortgages Development 435

Housing Wire

NOVEMBER 13, 2020

Eventually, you purchased your first house, maybe got a home equity line of credit. And while there is no legal limit on how many times a mortgage may be refinanced, closing costs and interest rate cycles effectively limit the number of times any given homeowner will pursue this option.

Banks 505

Banks Loans Technology Mortgages 505

Housing Wire

AUGUST 23, 2024

They have the money for the down payment, but they don’t have a lot of extra money for extra closing costs, aka commission, right now. This is where the next six months in this industry are going to become extremely interesting and extremely challenging in a lot of ways. How far is the agent going to take it?

FHA loan 425

FHA loan Agents Brokerage Staging 425

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. If you’re not dealing with the top producing agents or teams in the industry, you may find that your client has gone away.”

Agents 418

Agents Loan Officer Lending Loans 418

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. There’s no one to answer questions about DTI ratios, the down payment amount or closing costs at the moments they matter most. KPIs take a hit.

Lending 368

Lending Marketing Pre-qualification Pre-approval 368

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 105

Equity Finance Loans Closing costs 105

HomeLight

NOVEMBER 21, 2024

Yes, you can sell your house after refinancing, but you’ll want to understand the costs and potential drawbacks. When you refinance, you take out a new loan, which usually involves significant closing costs. This means that if you refinance a $300,000 loan, you might spend $9,000–$18,000 in closing costs.

Closing costs 97

Closing costs Equity Loans Title search 97

Realty Biz

JUNE 29, 2021

Housing industry experts have been pretty vocal about the benefits of refinancing a mortgage lately, saying homeowners can benefit from current low interest rates to save potentially hundreds of dollars a month on their loan repayments. Fannie and Freddie also refuse to back cash-out refinance loans for homeowners with less than 20% equity.

Equity 105

Equity Loans Closing costs Renovation 105

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 109

Mortgages Marketing Equity Pre-approval 109

Marco Santarelli

JUNE 25, 2021

Hard money loans require the borrower to cover closing costs, application fees, appraisal fees, and any other costs associated with the purchase of a property. Real estate investing is an ever-evolving industry. An equity partner is an individual whom you bring into a transaction, to help finance a property.

Purchase and sale agreement 133

Purchase and sale agreement Hard money loan Equity Finance 133

RIS Media

AUGUST 10, 2021

By increasing access to banking, credit-building opportunities and, ultimately, home financing, more Detroit residents will be able to build equity through homeownership, which increases neighborhood stability and opportunity for future generations.” . “Today, we are doubling down on that commitment.

Mortgages 98

Mortgages VA loan Equity Banks 98

HomeLight

SEPTEMBER 9, 2021

A tidal wave of demand was met with a sorry amount of housing supply as a result of material costs, supply chain disruptions, and years of chronic underbuilding in the new construction industry. In our Summer 2021 industry survey , 60.5% Curious to know where your home equity stands? It won’t last forever.

Equity 136

Equity Mortgages Agents Sales 136

Real Trends

MAY 9, 2023

Be an advocate for local broker marketplaces and how the way commissions are paid create competitive, efficient markets for small businesses and ensure equity, transparency and market-driven pricing for home buyers and sellers. Advocate for local broker marketplaces Local MLS broker marketplaces create accessibility and ensure equity.

MLS 100

MLS VA loan Equity Agents 100

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

Pre-approval 89

Pre-approval Pre-qualification Title search Inspection 89

Realty Biz

SEPTEMBER 3, 2023

Understand the Industry's Needs for Marketing The real estate industry has a long and intertwined connection with good marketing. So, if you want to work in this industry, you have to understand the role content creation plays. So make sure to read on and take notes!

Marketing 105

Marketing Industrial Closing costs Design 105

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. Homeowners may refinance to secure a lower interest rate, change their loan terms, or, as in this case, tap into their home equity.

Fixed-rate mortgage 88

Fixed-rate mortgage Equity Loans Debt-to-income ratio 88

RIS Media

AUGUST 20, 2021

A plurality of respondents who had not yet refinanced said that they did not believe they would save money, while more than a quarter were worried about high closing costs and fees. According to the survey, at current rates, a large number of borrowers stand to benefit from refinancing.

Closing costs 105

Closing costs Equity Mortgages Closing 105

RIS Media

MARCH 28, 2022

Affordability is a huge issue—maybe the biggest and most urgent facing the housing industry today. That is rarely disputed, but one question that divides many experts and observers is how to define it, with no single standard or hard line to show when housing is unaffordable.

Land 98

Land Equity Loans Closing costs 98

HomeLight

MARCH 31, 2022

As housing prices skyrocket, many homeowners are considering ways to turn their growing home equity into cash. If you’re one of the 6 million Americans projected to sell a home this year, you may be trying to figure out exactly how much of that increasing equity will end up in your pocket after all is said and done. Agent commission.

Closing 105

Closing Purchase and sale agreement Title Title search 105

Real Trends

MARCH 9, 2022

Despite strides made by technology to streamline the process of title searches, the title industry remains a people-centered industry. The lender wants to know the homebuyer, for instance, didn’t take on a second loan or home equity line of credit between when the home was purchased and later refinanced. Lifetime protection.

Title 109

Title Title search Land Closing 109

RIS Media

JULY 19, 2021

As a small business owner and president of the National Association of REALTORS® (NAR), I want to set the record straight on misconceptions by some about the real estate industry. Commissions for real estate agents and brokers are negotiable. Always have been. Always will be. Let’s put that on the table right now.

Marketing 98

Marketing MLS Agents Closing costs 98

HomeLight

MARCH 31, 2021

For example, if you want to put 20% down on a million-dollar house, you’ll need to bank $200,000 first — plus $40,000 to cover closing costs , which are typically about 4% of the price of the home. They’ve got the experience, not to mention the industry connections, to help you land just the right agreement. Work with an agent.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Loans Equity 98