Housing Wire

SEPTEMBER 9, 2020

In June, the bureau released two proposals regarding the QM Patch, which allows loans sold to Fannie Mae or Freddie Mac to exceed the 43% debt-to-income ratio the Bureau had established in its Ability to Repay/Qualified Mortgage rule. c) does not prescribe a specific monthly debt-to-income ratio with which creditors must comply.

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Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

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Housing Wire

FEBRUARY 5, 2024

Recent market trends — including an improvement in mortgage rates, housing affordability and potential refinance opportunities — suggest positive signs for the real estate market this year, according to February’s Mortgage Monitor report from Intercontinental Exchange (ICE). peak prior to the housing market downturn in 2006. “If

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Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75 Altos classifies scores above 30 to be indicative of a sellers’ market.

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Housing Wire

AUGUST 18, 2020

In addition, to be eligible to become a Seasoned QM, creditors must have considered and verified the consumer’s debt-to-income ratio (DTI) or residual income at origination. During the seasoning period, creditors would have to hold these loans on portfolio.

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Housing Wire

MARCH 22, 2023

HousingWire: How is today’s market shaping the need for a better customer experience particularly when it comes to closings? We’ve seen savings of up to 30% in difficult markets like Texas and Florida. Tom Kriby: Higher interest rates and inflation have exasperated the home affordability issue. Closings can be stressful.

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Housing Wire

MAY 24, 2024

Student loan debt may affect your home-buying goals in a few key ways. Debt-to-income ratio (DTI) Lenders calculate your DTI ratio by dividing your total monthly debt payments (including student loans) by your gross monthly income to assess your ability to handle additional debt, like a mortgage.

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Housing Wire

SEPTEMBER 27, 2023

And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday. Higher costs and rates meant customers taking out mortgages in 2022 devoted a higher share of their income towards paying home loans.

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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. Because of this, today’s lenders are more than willing to work with potential first-time homebuyers who have debt, just as long as their debt-to-income ratio (DTI) isn’t too high.

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Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

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Housing Wire

SEPTEMBER 17, 2024

The product is a second mortgage with a below-market interest rate that allows a homeowner to tap into their equity without refinancing their existing mortgage. Eligible borrowers must have a FICO score of 680 or higher and a debt-to-income ratio of 40% or less. home equity by the end of this year.

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Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. HousingWire: What factors are contributing to borrowers falling out of the Agency market?

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Housing Wire

AUGUST 22, 2020

According to the article, the FHFA is considering a delay to the adverse market fee implementation date, but is not planning to rescind it. “On the contrary, homeowners saving hundreds of dollars per month on their mortgages are reducing their debt-to-income ratio, which reduces risk to investors.

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Housing Wire

JANUARY 20, 2023

Debt-to-income ratio is also now a consideration on the pricing matrix, with a new pricing adjustment for borrowers with a DTI ratio above 40%. “Furthermore, the FHFA needs to address its recent increase in fees on homebuyers in high-cost markets as well as guarantee fees that impact all homebuyers.

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Housing Wire

JANUARY 13, 2021

A homebuyer’s guide to a competitive housing market. surged in 2020, and Chicago’s housing market was no different. The housing market in Houston is booming, with buyers paying high prices for average homes. . These numbers will make Phoenix one of the hottest housing markets in 2021. . Buying a home?

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Housing Wire

MARCH 3, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations. The market in which these folks purchased their first home was one of record house prices, ballooning down payments , rising rates and elevated debt-to-income ratios (DTIs).

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Housing Wire

DECEMBER 13, 2024

Most of the refinance originations left in the market were a small number of cash-out refinance loans. Despite rising rates that fueled this increase, debt-to-income ratios did not see a significant change in the same period.

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Housing Wire

APRIL 24, 2024

To prove his point, Middleman said that he is seeing average loan-to-value ratios of 50%, average debt-to-income ratios in the lower 40% range, and credit scores in the low 700s, which is an ”extraordinary” credit profile, he said. while adding that ”we’re getting towards the tail.”

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Housing Wire

JANUARY 25, 2021

An updated market outlook from Zillow expects seasonally adjusted home values to increase by 3.7% Surprisingly, a borrower who lowers their debt to income ratio doesn’t move the needle much on rates. McLaughlin said. from December 2020 to March 2021, and by 10.5% through December 2021.

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Housing Wire

JUNE 4, 2021

In this market where homes are selling like hot potatoes, it might seem like everyone can afford to buy a house, but that’s not true. And it doesn’t help that we’re living in a seller’s market where prices keep going up. A homebuyer’s guide to a competitive housing market. First, figure out our total monthly debts.

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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.

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Housing Wire

JANUARY 21, 2022

Digital mortgage platform MAXEX , backed by investment from financial-services giant JPMorgan , sees a bright future in the ESG market. Securities and Exchange Commission also has its eye on the ESG market. Last year, it stood up a “ Climate and ESG Task Force ” in its enforcement division to better police the emerging ESG market.

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Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. HousingWire: What is the current home insurance market like? In 2022, property and casualty insurers recorded a combined ratio of 102.4%

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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

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Housing Wire

SEPTEMBER 17, 2024

. “There’s been an explosion in high-DTI lending since I left FHFA,” he said, pointing to the fact that some Federal Housing Administration (FHA) borrowers have a 57% debt-to-income ratio. So, I guess, I put it this way: Yes, we completely screwed off the MBS market. But it’s a problem.”

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Housing Wire

MARCH 16, 2022

Some lenders, however, are closely eyeing regulatory changes that could dampen the non-QM market by expanding the pool of loans able to get QM status.

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Housing Wire

SEPTEMBER 16, 2021

When asked why they believe their purchase of a home is delayed, 47% of non-homeowning student debt holders said it was due to their inability to save for a down payment and 45% said it was because they did not think they could qualify for a mortgage due to their debt-to-income ratio.

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Housing Wire

MARCH 15, 2023

Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

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Housing Wire

NOVEMBER 2, 2023

loanDepot claims that Richards stole confidential information, including individual loan numbers, FICO scores and debt-to-income ratios. ” It also claimed the company needed its “COO to step up” when the market was booming. But “instead, Richards crumbled.”

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Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory. Alternatively, the builder can offer a 1 ppts.

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Housing Wire

AUGUST 11, 2020

The Mortgage Bankers Association sent a letter on Monday to the Consumer Financial Protection Bureau asking for a six-month extension to the so-called “GSE patch” that allows Fannie Mae and Freddie Mac home loans to borrowers with high debt levels to be considered Qualified Mortgages.

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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.

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Housing Wire

FEBRUARY 1, 2022

With the completion of this credit-risk transfer (CRT) transaction, Fannie Mae will have brought 46 CAS deals to market, issued over $52 billion in notes since its initial offering in 2013, and transferred a portion of the credit risk to private investors on about $1.7

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Housing Wire

MAY 21, 2021

The Urban Institute regularly cites statistics showing IMBs do a better job than banks of serving underserved borrowers, as measured by metrics such as FICO scores and debt to income ratios. But does that mean they have to spend resources to market to borrowers near to that community (and if so, how far away)?

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Housing Wire

JUNE 29, 2022

As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. For years, the dominant market narrative defining these generations has been digital-first experiences and poor financial habits. Creative paths to homeownership in a challenging market.

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Housing Wire

OCTOBER 29, 2021

Asked pointedly about whether he supported the rule, Chopra answered “I don’t know,” and changed the subject to how the CFPB could spur refinances in the market. It did away with the 43% debt-to-income ratio limit in favor of more flexible pricing guidelines. Private-label market filled the void created by PSPA changes.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

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