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When rates skyrocketed, mortgage servicing reset the board. The next battle is about to begin

Housing Wire

In recent weeks, HousingWire has listened to mortgage lenders’ second-quarter earnings calls, reviewed analysts’ comments and interviewed industry experts to address a critical question: From a servicing perspective, which companies are best positioned for the new rate cycle? “A trillion unpaid principal balance (UPB).

Mortgages 459
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UWM is bullish on the resurgent private-label market

Housing Wire

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 397
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Agency loan-repurchase strategy sparks pushback

Housing Wire

Much of the problem stems from the huge volume of low-rate loans originated in 2020 and 2021 at a time when the industry was continuously working to build capacity to deal with the explosive origination growth. He added that loan defects often leading to repurchase requests include, among others, borrower income-related issues (i.e.,

Loans 397
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Opinion: Regulators should focus on banks, not IMBs

Housing Wire

Because the key regulators in Washington spend a lot of their time ingratiating themselves to the banking industry and lamenting about nonbanks. I think it comes down to a core principal: IMBs only do mortgages. Or look at this data on DTI (debt to income ratio). In the FHA program alone, 46.3%

Banks 370
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15 Mortgage Questions to Ask Lenders Before Buying a House

HomeLight

Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.

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Today’s Mortgage Rates March 6, 2025: Rates Are Rising Again

Marco Santarelli

Principal and Interest (P&I): The portion of your monthly payment that goes towards paying down the actual loan amount (principal) and the cost of borrowing the money (interest). LTV (Loan-to-Value Ratio): This compares the amount of the loan to the appraised value of the home. A lower DTI is better.

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What percentage of your income should go toward your mortgage

Redfin

According to this rule, your mortgage payment should not exceed 28% of your gross monthly income. This percentage covers the principal, interest, property taxes, and homeowners insurance. It is calculated by dividing your total monthly debt payments by your gross monthly income.