Housing Wire

DECEMBER 12, 2023

This phenomenon becomes clearly apparent when compared to existing home sales, for which these buydowns are very rare. As shown in the chart below, existing and new home sales for the 19 largest home builders had roughly the same note rates until January 2022. As of July 2023, the gap had slightly narrowed to 0.8 2022 to Dec.

Debt-to-income ratio 448

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 448

Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score.

Pre-qualification 468

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Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. The mortgage debt-to-income ratio is near a four-decade low and homeowner equity is at a historic high. The combination of these factors has some feeling 2008 déjà vu. Moderation, not bust.

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

Housing Wire

APRIL 12, 2024

According to Altos Research data , 90-day median list prices have risen from roughly $230,000 in April 2020 to $275,000 in early April 2024, contributing to the slowdown in home sales. According to data from Redfin , 2,491 homes were sold in Louisiana in February 2024, down 6.2%

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Housing Wire

AUGUST 22, 2024

Adding an additional debt burden to lower-income consumers would leave them in a worse position under the present system, increasing their debt-to-income ratio, making it harder to qualify for a mortgage , and making borrowing more expensive. The seller would pocket that money.

Debt-to-income ratio 351

Debt-to-income ratio Finance Mortgages Banks 351

Housing Wire

MAY 3, 2023

Because there is still a relative low inventory of houses for sale, higher interest rates with higher home prices mean buyers may not find the house they want in the current price range.

Mortgages 448

Mortgages Debt-to-income ratio Banks Fixed-rate mortgage 448

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. home sales—often attract buyers who are stretching their financial limits to achieve homeownership.

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Debt-to-income ratio Agents Equity Closing costs 497

Housing Wire

MARCH 24, 2021

The MBA is also concerned about GSE compliance with the revised PSPA provision regarding Freddie and Fannie’s acquisition of loans that have certain characteristics: a combined loan-to-value ratio at origination above 90%, a borrower debt-to-income ratio above 45%, or a credit score below 680.

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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 303

Debt-to-income ratio Lending Equity Mortgages 303

Housing Wire

MARCH 4, 2021

Extending the compliance date of the General QM final rule would also give lenders more time to use the GSE Patch, which provides QM status to loans that are eligible for sale to Fannie Mae or Freddie Mac.”. Amending the QM Rule has been a long process.

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Debt-to-income ratio Loans Lending Mortgages 291

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.

Loans 370

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

Housing Wire

AUGUST 23, 2023

When asked how relevant this business will be, Garg refers to Amazon , a company that drives two-thirds of its sales from third-party sellers. “We Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. We aim for a similar mix.”

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

Housing Wire

AUGUST 27, 2021

In January of this year, just before Mark Calabria left office , the FHFA, Treasury, and the GSEs finalized an amendment to the Preferred Stock Purchase Agreement (PSPA) that did a number of things affecting second homes, 2-4 units, cash sales and more.

Debt-to-income ratio 448

Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 448

Housing Wire

JANUARY 4, 2022

Still, even in those transactions, the underlying collateral appears solid, with the average credit scores of the borrowers above 760 and the average debt-to-income ratio ranging from 64.4% If you if you look at home sales in California, virtually nothing is being sold at the low end of the market.”.

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Marketing Debt-to-income ratio Loans Mortgages 394

Housing Wire

MAY 25, 2022

Non-QM loans are harder than other loan products, so lenders must invest the time, resources and education into their sales teams and brokers to learn the intricacies of non-QM products. “As that sector continues to grow, so does the potential for loan officers and brokers to bring them on as customers with the right type of products.”.

Debt-to-income ratio 418

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

HomeLight

OCTOBER 28, 2024

A quick turnover can signal strong demand, potentially leading to a faster sale at a favorable price. You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. You can also view other homes for sale in your neighborhood. (As What is the 5-year rule?

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Housing Wire

DECEMBER 4, 2024

Certain borrower groups are especially vulnerable, including those with lower credit scores , higher debt-to-income ratios and those who opted for more affordable loan products.

VA loan 305

VA loan Mortgages Debt-to-income ratio FHA loan 305

Housing Wire

AUGUST 7, 2023

Income and credit information are inputted into the AUS. Then, it makes a decision based on three primary factors: debt-to-income ratio (DTI), credit score and loan-to-value ratio (LTV). Lenders use systems called automated underwriting systems (AUS) that are accessed by Fannie Mae and Freddie Mac.

Closing 370

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

Housing Wire

AUGUST 26, 2024

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. Volumes will increase, as will gain-on-sale margins. That’s our goal.” to 8% range. We never take credit when it goes up.

Mortgages 456

Mortgages Banks Debt-to-income ratio Loans 456

Housing Wire

MARCH 10, 2023

At the end of the contract period (10 years in the case of Unlock) the homeowner must settle the terms of the contract either through a direct payment, refinancing or the sale of the home. And we have more of an asset-based underwriting not focused on debt-to-income ratios.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Point2Homes

OCTOBER 6, 2020

When you apply for a mortgage, the loan officer will review your income and compare it to your monthly expenses, which is your debt-to-income ratio — the lower the ratio, the better. Typically, to be eligible for a mortgage, your debt-to-income ratio must be 43% or less.

Debt-to-income ratio 144

Debt-to-income ratio Earnest money deposit Loans Loan Officer 144

RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. What Is a Pending Sale? There are a lot of things that can go wrong. appeared first on RISMedia.

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Debt-to-income ratio Sales Title search Finance 98

Housing Wire

JULY 25, 2023

Impact on home values and sales In the meantime, real estate agents in Florida and California are concerned that the rising homeowners’ insurance costs in their states will have a negative impact on homeownership. Entry level homebuyers are getting hit hardest. “If

Marketing 370

Marketing Debt-to-income ratio Agents Construction 370

Marco Santarelli

MARCH 6, 2025

They anticipate an increase in housing starts (new home construction) and new home sales in the coming years. Do you have a solid down payment, good credit, and comfortable debt-to-income ratio? This has significantly reduced the number of existing homes on the market, keeping supply low and prices elevated.

Mortgages 97

Mortgages Debt-to-income ratio Banks Principal 97

Realty Biz

MARCH 12, 2023

To evaluate creditworthiness, they analyze the borrower's credit score, income, and debt-to-income ratio. Appraisals require licensed professionals who rely on the property’s location, size, condition, and the locality’s comparable sales to assess value.

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Debt-to-income ratio Mortgages FHA loan Loans 105

RIS Media

APRIL 8, 2022

Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. If the house doesn’t get sold in the stipulated time, the sale can fail to materialize. The clause is referred to as a home sale contingency. .

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Marco Santarelli

MARCH 4, 2025

drop in pending home sales just in January. Pending home sales are actually at an all-time low since they started tracking this data way back in 2001! Credit Score and Debt: Lenders will scrutinize your credit score to assess your creditworthiness. We saw this reflected in the numbers. Thats a long time to see such a dip.

Mortgages 82

Mortgages Debt-to-income ratio Principal As-is 82

Point2Homes

DECEMBER 15, 2021

As a result, you will need to meet the lender’s requirements when it comes to credit score and credit history, income and debt-to-income ratio to qualify for a loan. However, they must also meet the lender’s debt-to-income ratio, as well as credit score requirements. As a bonus, the U.S.

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Debt-to-income ratio VA loan Mortgages FHA loan 109

Marco Santarelli

FEBRUARY 26, 2025

Think of this current dip more like a temporary sale at your favorite store it's good while it lasts, but it might not be around forever. Factors like the supply of homes for sale, how many people are trying to buy, and overall economic conditions all contribute to the direction of mortgage rates. Q: Im thinking about refinancing.

Mortgages 93

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 93

HomeLight

DECEMBER 5, 2023

You can then make a strong offer on your next home with no home sale contingency. Your lender might need to crunch the numbers and calculate your debt-to-income ratio (DTI). Prep Your Old Home: Move out and prepare your old home for sale at your own pace. Now, let’s talk numbers. Transition seamlessly.

Equity 111

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

Marco Santarelli

MARCH 6, 2025

They anticipate an increase in housing starts (new home construction) and new home sales in the coming years. Do you have a solid down payment, good credit, and comfortable debt-to-income ratio? This has significantly reduced the number of existing homes on the market, keeping supply low and prices elevated.

Mortgages 97

Mortgages Debt-to-income ratio Banks Principal 97

Realtor.com

JANUARY 10, 2023

How debt-to-income ratio is calculated with a co-signer. Mortgage approval (and how large a mortgage you can get) hinges on your debt-to-income (DTI) ratio, which is essentially how much money you have coming in (income) compared with going out (aka your debts, including college loans, car loans, and otherwise).

Debt-to-income ratio 105

Debt-to-income ratio Mortgages Loans Banks 105

Point2Homes

DECEMBER 7, 2020

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. As an example, below are some of the steps involved in the sale of a foreclosed home that you need to be aware of. How to Buy Foreclosed Homes.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

RIS Media

DECEMBER 21, 2020

While the internet is increasingly used as an important tool in the home-buying and selling process, buyers still need the help of a real estate professional to help them find the right home, negotiate terms of sale and help with price negotiations. The same report places the average sale price for January 2020 at $402,400.

Industrial 111

Industrial Debt-to-income ratio Finance Agents 111

HomeLight

NOVEMBER 3, 2023

You can then make a strong offer on your next home with no home sale contingency. A bridge loan can be your lifeline when you’re eager to secure your new home but are still awaiting the sale of your current one. Lenders see them as riskier propositions, given their short-term nature and the uncertainties of real estate sales.

Equity 116

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

Realty Biz

JULY 2, 2022

Economists say the historic shortage of homes for sale is coming to an end, as more inventory is added to the market. On the other hand, the expanded supply of homes for sale is not doing much to reduce the sky high prices of homes. Meanwhile, the number of new listings also surpassed pre-pandemic levels, rising 4.5% from a year ago.

Debt-to-income ratio 97

Debt-to-income ratio Pre-approval Marketing Loans 97

HomeLight

JUNE 30, 2024

You can then make a strong offer on your next home with no home sale contingency. More flexibility: With fewer regulations, hard money lenders can set flexible criteria, including credit scores and debt-to-income ratios, and can help homeowners avoid foreclosure.

Hard money loan 112

Hard money loan Finance Debt-to-income ratio Home sale contingency 112