Housing Wire

MARCH 1, 2024

Department of Agriculture (USDA) announced on Friday that it has lowered the interest rates for its single-family housing (SFH) direct home loan programs as of March 1, according to an email update sent out earlier this week. The USDA’s SFH non-program interest rate is being lowered from 5.125% in February.

Loans 486

Loans Land Construction Development 486

Housing Wire

AUGUST 30, 2024

Its subsidiaries include Main Street Home Loans , BluPrint Home Loans , Elevate Home Loans and Element Home Loans. According to Modex, the Maryland-headquartered independent mortgage bank has originated about $5 billion over the last 12 months. NFM is licensed in 49 states and Washington, D.C. billion.

Lending 435

Lending Land Banks Loans 435

Housing Wire

JANUARY 4, 2022

Still, the company asserted the loans are not a risk but a “positive outcome that positions us well for the coming year.”. The post Offerpad lands $600M more in credit to power iBuying appeared first on HousingWire. million loss. The company plans to expand into additional markets in 2022.

Land 468

Land Renovation Investor Loans 468

Housing Wire

FEBRUARY 13, 2025

San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans.

Land 206

Land Investor Principal New Construction 206

Housing Wire

JULY 29, 2024

Department of Veterans Affairs (VA)-guaranteed loan eligibility for the descendants of certain veterans; the creation of incentives for local governments to “eliminate unnecessary land use restrictions;” and limits to the role of private equity in the housing space.

Land 464

Land Construction Equity Banks 464

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. Manufactured homes are built at indoor homebuilding facilities and then delivered to the land chosen by the owner.

Loans 418

Loans Mortgages Land Finance 418

Housing Wire

SEPTEMBER 8, 2022

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. Last year , lenders didn’t raise conventional loan limits until Sept.

Loans 397

Loans Lending Finance Land 397

Housing Wire

OCTOBER 20, 2022

on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans. Real estate tech firm Voxtur Analytics Corp.

VA loan 418

VA loan Loans Title Land 418

Housing Wire

OCTOBER 2, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. Companies are pressured to launch new initiatives to attract brokers and land more purchase businesses due to high mortgage rates.

Loans 459

Loans Mortgages Finance Land 459

Housing Wire

AUGUST 27, 2020

Mortgage Research Center , which does business as Veterans United Home Loans , is holding a virtual career showcase Wednesday, September 2, for all interested job applicants. Those two concepts are how we landed on a nation-wide virtual career fair. The post Veterans United Home Loans to host virtual career showcase Sept.

Loans 436

Loans Loan Officer Land Mortgages 436

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. The best loan officers are those who aren’t loan officers.

Loan Officer 418

Loan Officer Loans Lending Land 418

Housing Wire

MAY 13, 2024

The complaint filed by a couple alleges that the company and a mortgage banker denied a mortgage loan application based on race for a single-family home located within the boundaries of the Flathead Indian Reservation in Saint Ignatius, Montana. The effective date for the new rule is June 18.

Lending 403

Lending Land Principal Finance 403

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 229

Lending Equity Banks Construction 229

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. They weren’t so small that they couldn’t handle us.”

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages 398

Mortgages Title Lending Loans 398

Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 According to the company’s statement, “The relevant loans, some dating back 15 years, make up less than a half percent of our total federal loans originated during this time frame. Attorney’s Office said.

Loans 397

Loans Mortgages Land Development 397

Housing Wire

APRIL 14, 2023

In total, the GSE purchased 45 loans with AOLs out of a grand total of 1.151 million loans purchased throughout the year. Since Fannie Mae’s announcement last April, the American Land Title Association has been an outspoken critic of AOLs. “We

Loans 370

Loans Title Land Finance 370

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. ” The deal with MAXEX expands access to a broad range of non-agency and agency-eligible mortgage loan programs.

Equity 364

Equity Land Investor Loans 364

The Close

NOVEMBER 12, 2024

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. It helps to be in the know.

Land 98

Land Investor Finance Development 98

Housing Wire

AUGUST 13, 2024

In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments.

Mortgages 475

Mortgages Land Lending Finance 475

Housing Wire

NOVEMBER 10, 2022

The increased fees that military veterans and active duty personnel pay for Veterans Administration (VA) mortgage loans should be allowed to expire on schedule, and congressional leaders should avoid any policies that would extend these fees, according the Community Home Lenders of America (CHLA).

Loans 357

Loans Land Mortgages As-is 357

Housing Wire

DECEMBER 12, 2024

In two minutes, I can generate a flyer that has the landing page and everything on it, and I never have to update it again. Our Recapture product monitors loans, does a deep analysis and then sends a presentation to the customer about options to save them money. I literally want to push a button. SW: How are you guys leveraging AI ?

Loan Officer 369

Loan Officer Loans Technology Mortgages 369

Housing Wire

APRIL 1, 2021

To keep that from happening, lenders need a way to reduce time and friction in the loan origination cycle but still provide their consumers with excellent customer service. This solution uses technology as a driver to shorten the loan cycle time, increase transparency and reduce friction with the title product.

Title 384

Title Loans Technology Land 384

Housing Wire

FEBRUARY 26, 2025

When property owners agree to allow a carrier such as Verizon or AT&T to install a tower on their land or small cell on their building, the carrier and property owner enter into a long-term ground lease agreement. Generally, the carrier agrees to pay the property owner or landlord monthly rent for use of land or space upon a building.

Land 305

Land Technology Industrial As-is 305

Housing Wire

JUNE 21, 2022

In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. Discounts also may be available if using the same lender that issued the original loan. Mary O’Donnell is CEO of Westcor Land Title Insurance Co.

Title 518

Title Title search Land Due diligence 518

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land lease 459

Land lease Land Lending Finance 459

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. Read on for more about Marquis’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees. It’s a hard challenge because we don’t have a lot of land here.

Loans 410

Loans Pre-approval Closing Marketing 410

Housing Wire

APRIL 5, 2022

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. Its boundaries can be shown on a land survey and ownership is vetted through a physical deed in the jurisdiction, where the physical real estate is located. Defining virtual real estate.

Mortgages 532

Mortgages Lending Land Loans 532

Housing Wire

DECEMBER 14, 2023

Under the new selling guidelines, Fannie Mae said it would allow AOLs to be used on “loans secured by a unit in a condo project” and “loans secured by a property subject to restrictive agreements or restrictive covenants.” The initial version of the GSE’s Equitable Housing Finance Plans were approved in the summer of 2022 by the FHFA.

Title 443

Title Land Finance Loans 443

Housing Wire

MARCH 22, 2023

Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American military veterans. interest rate for the life of the loan. from 2012 to 2021.

VA loan 418

VA loan Mortgages Land Loans 418

Housing Wire

SEPTEMBER 16, 2020

The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. At the current interest rate of 2.86%, we estimate that nearly 69% of outstanding first-lien loan balances have at least a half-percentage point incentive to refinance.”.

Title 482

Title Land Commercial Lending 482

Housing Wire

JULY 14, 2022

The renovation program requires between 10% and 20% of the total loan amount be set aside as a contingency and imposes a 1% origination fee on the borrower. The program’s maximum loan term is 20 years. FHA’s loan limit is $69,678 for chattel financing. In some cases, the borrower’s family member or acquaintance owns the land.

Land 390

Land Title Finance Renovation 390

Housing Wire

JANUARY 6, 2022

One stakeholder is affordable housing advocates, and in October twenty such groups — including the National Housing Conference , the National Community Stabilization Trust and the Lincoln Institute of Land Policy — implored FHFA to hit pause on the proposed plans.

Land 526

Land Loans Title Lending 526

Housing Wire

APRIL 17, 2024

Navigator Borrowers can view and compare the loan details of available loan options, combining all loan offers into one seamless experience.

Land 443

Land Loans Marketing 443

Housing Wire

AUGUST 24, 2023

Strong consumption data combined with slowing inflation points to a “soft landing” for the economy, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Thursday. In fact, somewhat softer housing construction and sales may be needed to make a soft landing possible,” according to the ESR group. trillion.

Land 284

Land Sales Fixed-rate mortgage Construction 284

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 448

Loan Officer Mortgages VA loan Lending 448

Housing Wire

JANUARY 28, 2025

Ruimy: I would say some large investors that would do $100 million to $300 million a year of loan origination are now clients of those BPL lenders. What we created here is a tech-enabled platform that can land in every state in the U.S., Would you say that the majority of these are smaller investors?

Residential 327

Residential Lending Finance Banks 327