Housing Wire

MARCH 14, 2023

million net new Hispanic homeowner households had been added to the market, accounting for 24.4% Latinos tend to be concentrated in larger cities and coastal markets where home prices are high, the report said. Since 2014, when homeownership rates among Latinos began increasing following the Great Recession, 2.3 Today, there are 9.2

Debt-to-income ratio 418

Debt-to-income ratio Mortgages Closing costs Equity 418

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

Marketing 394

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Housing Wire

MARCH 20, 2024

Let’s delve into the potential negative consequences of diminishing or eliminating buyer representation, underscoring why this development matters more than ever in today’s real estate market. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets.

Debt-to-income ratio 497

Debt-to-income ratio Agents Equity Closing costs 497

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 434

Debt-to-income ratio Mortgages VA loan Loans 434

Housing Wire

NOVEMBER 4, 2024

By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. They will continue to charge the highest price the market will bear, and leave buyers with an added up-front cost. None of these arguments hold water. What does that mean in the long term?

Debt-to-income ratio 321

Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

MARCH 30, 2021

There is no nexus between the pandemic-related issues facing the mortgage market and replacement of the 2013 QM Rule with the 2020 General QM Rule, and the Bureau does not establish one in the Proposed Rule,” the HPC letter states.

Debt-to-income ratio 475

Debt-to-income ratio Loans Mortgages Lending 475

Keeping Current Matters

AUGUST 20, 2020

First, the housing market is in a much stronger position compared with a decade ago. 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. Bottom Line.

Debt-to-income ratio 293

Debt-to-income ratio Lending Equity Mortgages 293

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. So, by that logic, why not simply tie QM to processes used ubiquitously across the mortgage market, namely an automated underwriting scorecard?

Debt-to-income ratio 418

Debt-to-income ratio Loans Mortgages Lending 418

Housing Wire

DECEMBER 15, 2022

Mortgage lenders, already reeling from a downturn in the mortgage market , now face yet another wave of woe in the form of a huge volume of loan-repurchase requests stemming, in large part, from alleged violations of loan-sale pacts inked with Fannie Mae and Freddie Mac during the boom years of 2020 and 2021.

Loans 370

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Housing Wire

AUGUST 23, 2023

It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said. In that time, the market, the industry and the consumer changed dramatically. How can Better succeed in a purchase market?

Debt-to-income ratio 370

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

Housing Wire

MAY 25, 2022

There’s no question that 2022 has seen serious changes to the housing market. In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? That means getting acquainted with the challenges common to the non-QM market.

Debt-to-income ratio 418

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

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. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing 370

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

Housing Wire

AUGUST 26, 2024

The dynamic has led to a repositioning of players in the market. In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. We’ve taken the opportunity to exercise our access to the capital markets, and raise a lot of money to ‘buy customers’ in bulk or in flow.

Mortgages 456

Mortgages Banks Debt-to-income ratio Loans 456

HomeLight

DECEMBER 5, 2023

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. Here’s how it works: Your bridge loan, also known as a swing or bridging loan, leverages the equity you’ve built up in your current home. How does a bridge loan work in Connecticut?

Equity 111

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

HomeLight

NOVEMBER 7, 2023

The balance of timing and funds becomes even more precarious when faced with a competitive housing market where inventory is scarce and prices seem to keep climbing. In simple terms, it’s a short-term loan that uses the equity in your existing home to help finance the new purchase. A bridge loan offers you a way to move forward.

Equity 115

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

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. Your lender’s evaluation may involve crunching some numbers around your debt-to-income ratio (DTI).

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Pennsylvania, especially when you’re trying to coordinate the sale of your current home with the purchase of a new one, can be a challenging balancing act. Imagine it as a short-term lending solution that taps into the equity of your current home.

Equity 111

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

Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Debt to Income Ratio on Manual Underwriting.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

HomeLight

NOVEMBER 30, 2023

Navigating the real estate market in Nevada can be a challenging journey, especially when you’re trying to sell your old home and buy a new one simultaneously. This balancing act of timing and funds becomes even more daunting in a market where inventory is low and prices are high.

Equity 115

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

HomeLight

JANUARY 30, 2024

Navigating the real estate market in Denver can feel like a high-wire act, especially when juggling selling your current home with purchasing a new one. This balancing act becomes even more challenging in a market with low inventory and high prices. This can be a game-changer in fast-paced markets like Denver.

Equity 111

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

HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. It leverages the equity in your current home, providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 111

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

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. One important thing to consider is your debt-to-income ratio (DTI).

Equity 119

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

HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. 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 116

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

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. 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.

Equity 111

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

HomeLight

DECEMBER 29, 2023

This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. 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

With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. 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

NOVEMBER 21, 2023

Navigating the real estate market in Minnesota can feel like a high-wire act, especially when you’re juggling the sale of your current home with the purchase of a new one. 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.

Equity 115

Equity Loans Debt-to-income ratio Staging 115

HomeLight

DECEMBER 8, 2023

Dealing with the real estate market in Los Angeles can feel impossible, especially when selling your current home while purchasing a new one. s cutthroat real estate market to find your dream home. This short-term financial tool bridges the income gap, allowing you to purchase your new Los Angeles home before selling your existing one.

Equity 111

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

HomeLight

NOVEMBER 17, 2023

This challenge intensifies in a market with low inventory and high prices, a common scenario for many Illinois homeowners. They enable you to purchase your new home before you’ve sold your current one, smoothing out the transition and alleviating the stress of timing in the real estate market. What is a residential bridge loan?

Equity 111

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

HomeLight

DECEMBER 14, 2023

This can be a vital tool in a market like San Francisco, where every minute counts. 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

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. Think of it as a short-term loan that taps into the equity of your current home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 111

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

HomeLight

DECEMBER 8, 2023

This balancing act becomes even more challenging in a market where inventory is low, and prices are high. 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

NOVEMBER 30, 2023

This becomes particularly challenging in a market where homes are scarce, and prices are high. 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

NOVEMBER 6, 2023

Especially in a market where inventory is scarce and home prices are high, the balancing act can seem daunting. 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

NOVEMBER 29, 2023

Navigating the real estate market in Hawaii can often feel like a high-stakes balancing act, especially when you’re trying to sell your old home while buying a new one. This challenge becomes even more daunting in a market where inventory is scarce, and prices are soaring. This is where a bridge loan comes into play.

Equity 111

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

HomeLight

DECEMBER 4, 2023

In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 111

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

HomeLight

DECEMBER 7, 2023

Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. Are you a homeowner in Washington, D.C.,

Equity 111

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