Housing Wire

DECEMBER 15, 2022

The repurchase-request volume, which includes both depository lenders and nonbanks, is being driven up this year by the huge volume of lower-rate loans made in 2020 and 2021 that Fannie and Freddie are continuing to vet for loan-sale representations and warranties violations. And it just might push some smaller lenders over the cliff.

Loans 370

Loans Debt-to-income ratio Purchase and sale agreement Mortgages 370

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio 435

Debt-to-income ratio Mortgages VA loan Loans 435

Housing Wire

MAY 4, 2022

Various mortgage finance innovations facilitated larger loans at the same monthly payment to keep up with growing home values – which is one reason why house prices kept going up. Lenders remain more conservative, and the Dodd-Frank Act has all but eliminated speculative products, such as negative-amortization loans and “teaser” rates.

Debt-to-income ratio 397

Debt-to-income ratio Equity Pre-approval Finance 397

Housing Wire

MARCH 30, 2021

The final rule established a pricing threshold that effectively replaced the debt-to-income limit of 43% with a price-based approach that gives lenders relief for loans capped at 150 basis points above the prime rate. Presented by: Proctor Loan Protector. “As

Debt-to-income ratio 476

Debt-to-income ratio Loans Mortgages Lending 476

Housing Wire

OCTOBER 21, 2020

The current rule provides safe harbor protection to lenders from potential litigation brought by borrowers for loans having debt-to-income ratios of 43% or less. Beyond a borrower’s capacity, or ability to repay the loan are credit and collateral. The results are shown in the two graphs below.

Debt-to-income ratio 418

Debt-to-income ratio Loans Mortgages Lending 418

Housing Wire

JANUARY 4, 2022

In total, UWM, through its conduit UWM Mortgage Trust, sponsored seven securitization deals last year involving nearly 9,500 loans valued in total at $3.9 In 2021, two of its seven private-label issuances involved jumbo loans with a combined value of $1.2 That’s a strong start for a new issuer. “A

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Marketing Debt-to-income ratio Loans Mortgages 397

Keeping Current Matters

AUGUST 20, 2020

Accompanied by more rigorous lending standards, the household debt-to-income ratio is at a four-decade low and household equity near a three-decade high. Second, this service sector-driven recession is disproportionately impacting renters.”.

Debt-to-income ratio 304

Debt-to-income ratio Lending Equity Mortgages 304

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. For instance, processing non-QM loans manually can be prone to human error, cutting into the efficiency of a business.

Debt-to-income ratio 418

Debt-to-income ratio Lending Pre-qualification Loans 418

HomeLight

JULY 23, 2024

You’ve been thinking about tapping into your home’s equity for a project or purchase that’s been on your “someday” list, but the time and expense of the appraisal and process have held you back. You might be wondering if you can get a no-appraisal home equity loan. Get Estimate What is a no-appraisal home equity loan?

Equity 116

Equity Loans Debt-to-income ratio Finance 116

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

HomeLight

OCTOBER 28, 2024

Do you have profit-level home equity? Selling your home at a profit starts with knowing your current equity. If your equity has grown substantially, it could be a great time to sell. If your equity has grown substantially, it could be a great time to sell. Will your debt-to-income ratio permit a new loan?

Pre-approval 110

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Housing Wire

AUGUST 26, 2024

In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. Middleman pointed to average loan-to-value ratios of 50%, average debt-to-income ratios in the low 40% range, and credit scores in the low 700s as indicators of an “extraordinary” credit.

Mortgages 459

Mortgages Banks Debt-to-income ratio Loans 459

HomeLight

SEPTEMBER 25, 2024

Are you considering using a home equity loan to help buy your next house? Whether you’re purchasing a second property for investment, a vacation getaway, or looking for a way to buy a new home before selling your current one, tapping into your home’s equity can feel like an appealing solution. Are you buying a second home?

Equity 111

Equity Loans Debt-to-income ratio Mortgages 111

HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. What is a bridge loan, in simple words? How does a bridge loan work in Connecticut?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a potential lifeline in this complex process. In this post, we’ll provide tips and insights about bridge loans in Pennsylvania, and how to Buy Before You Sell. If you need assistance navigating the use of a bridge loan in Pennsylvania, HomeLight encourages you to reach out to your own advisor.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 7, 2023

Enter the bridge loan, a financial tool designed to bridge this very gap. As a short-term financing solution, bridge loans empower you to leap ahead to purchase your new Oklahoma home before saying goodbye to your old one, helping you keep all the pieces in place without the interim shuffle. What is a bridge loan, in simple words?

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. In this guide, we explain the ins and outs of bridge loans in Utah and help you decide if they could be the answer to your property puzzle. How does a bridge loan work in Utah?

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116

Housing Wire

AUGUST 23, 2023

The business combination closing, announced Wednesday, unlocks approximately $565 million of fresh capital, including a $528 million convertible note previously committed from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital). What makes this technology competitive?

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

HomeLight

DECEMBER 13, 2023

But there’s an alternative you probably haven’t considered — a bridge loan. A bridge loan is a short-term financial tool that “bridges the income gap”, enabling you to purchase your new home before you’ve sold your old one. What is a bridge loan, in simple words? How does a bridge loan work in San Diego?

Equity 119

Equity Loans Debt-to-income ratio Home sale contingency 119

HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Enter the bridge loan: a timely financial lifeline that lets you buy your new home before selling your old one.

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111

HomeLight

NOVEMBER 30, 2023

Enter the bridge loan, a potential game-changer for your property transition. In this post, we’ll explore how a bridge loan could be the key to unlocking your homebuying and selling goals in Nevada. If you need assistance navigating the use of a bridge loan in Nevada, HomeLight encourages you to reach out to your own advisor.

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

DECEMBER 13, 2023

But there’s another option that you probably haven’t considered: a bridge loan. A bridge loan is a short-term loan that “bridges the income gap” between selling your existing property and purchasing your next home. What is a bridge loan, in simple words? How does a bridge loan work in Miami?

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116

HomeLight

NOVEMBER 29, 2023

However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2023

However, there’s one financial tool you probably haven’t considered – a bridge loan. A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. What is a bridge loan, in simple words? How does a bridge loan work in Atlanta?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a financial lifeline that can synchronize the purchase of your new Minnesota home while leveraging the equity of your current property. A bridge loan isn’t just another financing option; it’s a strategic tool tailored for homeowners like you, seeking a seamless move in today’s complex market.

Equity 115

Equity Loans Debt-to-income ratio Staging 115

HomeLight

DECEMBER 29, 2023

However, there’s a solution that you may not have considered: a bridge loan. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence. What is a bridge loan, in simple words? How does a bridge loan work in Dallas?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2023

Enter the bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What is a bridge loan, in simple words? How does a bridge loan work in Austin?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 8, 2023

However, there’s a financial tool that could be the key to seamlessly aligning these moving parts: a bridge loan — empowering you to purchase your new home before selling your current one. In this post, we’ll provide insights and tips about bridge loans in Ohio. What is a bridge loan, in simple words?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 17, 2023

However, there’s a strategic solution that might just fit your needs: a bridge loan. As a short-term financing option, bridge loans in Illinois offer a unique opportunity. In this post, we’ll provide insights and helpful tips about bridge loans in Illinois. What is a residential bridge loan?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 14, 2023

You might think your only choice is to sell your home, move out, and then scramble to find a new one, but there’s an alternative you likely haven’t considered — a bridge loan. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one. What is a bridge loan, in simple words?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 17, 2023

A bridge loan could be the key solution you’re searching for. As a short-term financing option, bridge loans offer the unique advantage of helping you purchase your new home before you’ve sold your old one. In this post, we’ll provide tips and insights about bridge loans in Georgia and how to Buy Before You Sell.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 30, 2023

Enter the bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What is a bridge loan, in simple words? How does a bridge loan work in Missouri?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 30, 2023

However, a solution might fit your needs perfectly: a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What is a bridge loan, in simple words?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 8, 2023

However, there’s one solution you likely haven’t considered: a bridge loan. This short-term financial tool bridges the income gap, allowing you to purchase your new Los Angeles home before selling your existing one. What is a bridge loan, in simple words? How does a bridge loan work in Los Angeles?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 7, 2023

Enter the bridge loan — a short-term financing option that lets you purchase your home before you’ve sold your old one. This post will guide you through the ins and outs of bridge loans – the pros, the cons, when you should consider one, and what you can expect throughout the process. What is a bridge loan, in simple words?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 6, 2023

A bridge loan might be the lifeline you need, offering a short-term financing solution that lets you purchase your new home even before you’ve handed over the keys to your old one. If you need assistance navigating the use of a bridge loan in Massachusetts, HomeLight encourages you to reach out to your own advisor.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 30, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111