Housing Wire

FEBRUARY 13, 2025

Health care information and caregiving marketplace website Care.com published an article that examines several practical ways that someone could choose to finance their long-term care (LTC) goals. HECM proceeds also do not impact eligibility for Medicaid or Supplemental Security Income (SSI), which are measured based on income and assets.

Mortgages 358

Mortgages Equity Loans Closing costs 358

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

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. FHFA explained some of the actions it has taken to address housing inequality.

Lending 458

Lending Finance Closing costs Closing 458

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Marketing 397

Marketing Title Closing costs Technology 397

Housing Wire

MARCH 21, 2024

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week. The CHLA said the employment verification market lacks competition.

Closing costs 482

Closing costs Loans Title Finance 482

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.”

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

SEPTEMBER 22, 2022

These documents reveal critical details on loan terms, projected monthly payments, and how much the consumer will pay in fees and other costs to get their mortgage (closing costs),” Kalinski said. billion in the second quarter or 2022, according to Inside Mortgage Finance. Presented by: Mortgage Coach.

Marketing 370

Marketing Loan Officer Loans Finance 370

Housing Wire

MARCH 15, 2024

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. “You

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

NOVEMBER 9, 2023

housing market after 54 programs were added in the third quarter, according to Down Payment Resource (DPR), a homebuyer assistance program data and solutions firm. Program providers are working around the clock to ensure the programs they offer meet the needs of their markets.

FHA loan 482

FHA loan VA loan Finance Loans 482

Housing Wire

AUGUST 12, 2024

They are usually used to finance the down payment or closing costs and typically work in an 80-10-10 structure with the first mortgage covering 80% of the total cost, the piggyback covering 10% and the borrower paying the remaining 10%. economy and the strength of the job market.”

Loans 476

Loans FHA loan Equity Closing costs 476

Housing Wire

MARCH 28, 2023

Rocket Companies has rolled out its first credit card in order to attract potential homebuyers and existing homeowners into its ecosystem amid one of the most challenging mortgage markets in decades. In turn, homebuyers can use points to get discounts on their closing costs in the future.

Closing costs 435

Closing costs Finance Principal Mortgages 435

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Of the 155 completed surveys, 32.3%

Mortgages 417

Mortgages Loan Officer Marketing Seller concession 417

Housing Wire

JULY 4, 2024

As Gen-Z enters the housing market , many say they’ve given up on buying a home. Some blame millennials and some blame boomers, while others say that, in fact, boomers are the ones who faced the toughest headwinds when entering the housing market. There’s a lot of finger-pointing and very few solutions.

Pre-qualification 476

Pre-qualification Pre-approval Seller concession Finance 476

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments.

Investor 397

Investor Finance MLS Closing costs 397

Housing Wire

SEPTEMBER 9, 2024

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

Mortgages 476

Mortgages Closing costs Title Technology 476

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. It is also wary of some of the proposals.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

FEBRUARY 19, 2025

Set the stage: Educate your clients on the market This is your time to shine! Show off your real estate knowledge by educating your buyers on what the market is like in your area. Explain current market conditions: Is it a buyers market, sellers market, or a more balanced market?

Closing 364

Closing Due diligence Earnest money deposit Pre-approval 364

Housing Wire

MAY 17, 2024

The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. This grant can be used to discount underwriting fees paid at closing, or to reduce the interest rate and down payment.

Lending 481

Lending Closing Banks Commercial 481

Housing Wire

AUGUST 19, 2024

They do not mention commissions at all in their marketing and on their websites. 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

APRIL 7, 2021

A homebuyer’s guide to a competitive housing market. And unfortunately, prices are only going to continue to rise as the housing market remains strong. How are your finances? Not to mention, if your finances are solid, you’ll be able to afford all those extra housing expenses. 5 first-time homebuyer mistakes to avoid.

Debt-to-income ratio 476

Debt-to-income ratio Fixed-rate mortgage Finance Loans 476

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. Once the home arrives on site and is placed on a permanent foundation, it becomes a real property and is able to be financed through a mortgage.

Loans 418

Loans Mortgages Land Finance 418

Housing Wire

JULY 1, 2024

The labor market has reached peak disengagement rates, partially driven by historic strikes , resignations , non-participation , and silent quitting. GRAPH 1: The distribution of real estate across the different income segments as a percent of the total real estate market in Q3 1989 and Q4 2023.

Equity 532

Equity Banks Finance Investor 532

Housing Wire

JULY 7, 2022

Top brass at Fannie Mae, in a Thursday webinar discussing its new equitable housing finance plans, argued it can. Nonetheless, Evans said Fannie Mae representatives have spoken with several lenders who have come around to developing the programs and are “executing SPCPs in the market today.”.

Equity 448

Equity Lending Closing costs Development 448

BAM Media

DECEMBER 19, 2024

BAM Key Details: Clever Real Estates latest report reveals that 49% of sellers and 41% of buyers believe 2025 will be a seller’s market, while 68% of buyers worry rising home prices will delay their purchase. If you ask buyers, sellers, and agents what 2025 holds for the housing market, youll get one clear answer: Its complicated.

Marketing 98

Marketing Closing costs Inspection Agents 98

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. This is what we do in America.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

DECEMBER 21, 2023

VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. A lot has changed and it’s time to remove the stigma. Who is eligible?

VA loan 468

VA loan Loans Mortgages Lending 468

Housing Wire

MARCH 28, 2024

They asked the federal officials to “provide guidance to market participants that will ensure these new arrangements will continue to be supported by” FHA and GSE underwriting standards.

VA loan 476

VA loan Closing costs MLS Loans 476

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. That puts the 44 million households who rent at a significant disadvantage when they seek financing for a home, a car or even an education.

Finance 468

Finance Closing costs Property Management Equity 468

Housing Wire

FEBRUARY 10, 2022

Freddie Mac also reported that its serious delinquency rate, which has been consistently lower than the rest of the market, is now 1.12%. The Federal Housing Finance Agency has prioritized expanding access to credit while prioritizing safety and soundness.

Loan Officer 418

Loan Officer Finance Loans Banks 418

Housing Wire

FEBRUARY 15, 2024

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). and even a portion of closing costs, depending on the program.

FHA loan 476

FHA loan Loans Closing costs Loan Officer 476

Housing Wire

JUNE 25, 2024

While they’re one of the best opportunities for an objective party outside the deal to assess a home’s true value, they can also torpedo an asking price or cause a lender to rescind its financing offer. However, their role in the financing process is more important for many buyers. But that’s not all a home appraisal can do.

Staging 397

Staging Seller concession Finance Closing costs 397

Housing Wire

APRIL 11, 2022

According to Voxtur’s annoucement, the AOL product provides lenders with an attorney’s title opinion letter backed by transactional liability insurance “that follows the loan into the secondary market.”. Fannie Mae has identified closing costs as a barrier to homeownership,” Jim Albertelli, the CEO of Voxtur said in a statement.

Title 435

Title Closing costs Loans Closing 435

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. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officer 418

Loan Officer Equity Finance Loans 418

Housing Wire

OCTOBER 13, 2022

Daniel Wold, ALTA’s president, added: “We will continue speaking out against alternatives to title, which pose an even greater risk to the housing finance system.”. One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. “One “This is a top priority for ALTA.”.

Title 416

Title Closing costs Title search Closing 416

Housing Wire

FEBRUARY 8, 2022

Last year’s list of honorees included and impressive range of trail blazers who navigated a challenging year without a road map, tapping into their core strengths and spearheading the conversations that moved the market forward. Take a look at some of our 2021 Rising Star recipients below and click here to see the full list.

Closing costs 368

Closing costs Finance Development Loans 368

Housing Wire

SEPTEMBER 19, 2024

The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. New-home sales — while making up a considerably smaller share of the housing market — rose sharply in July. After a modest monthly uptick in July, existing-home sales fell 2.5%

Sales 459

Sales Closing costs MLS Inspection 459