Housing Wire

SEPTEMBER 11, 2024

Other holding costs for real estate include taxes and insurance. According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. In particular, insurance can be a significant portion of monthly payments.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Housing Wire

AUGUST 5, 2024

” Several loan officers and mortgage executives told Housingwire that they’ve been quoting even lower prices on Monday though they’re also having to fight for loans that were locked in their pipeline at higher prices. . “Fed funds futures now imply the Fed Funds rate could be 200 bp lower by July 2025.

Mortgage 501

Mortgage Marketing Insurance Loan Officers 501

Housing Wire

OCTOBER 10, 2024

Two weeks after Helene hit, Movement Mortgage loan officer Mitch Davidson still has no power or running water at his Asheville home — and he says it could be months before they return. “Whether you’re a loan officer like me, or a Realtor, we’re all pretty worried about income,” he said.

Agents 427

Agents Insurance Housing Market New Listings 427

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S.

Lending 370

Lending Mortgage Loan Officers Government 370

Housing Wire

JANUARY 18, 2023

Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. At least one occupying borrower must be a first-time homebuyer, and the applicants must have an income at or below 80% of the county area median income (AMI).

Buyers 370

Buyers Retail Loan Officers Insurance 370

Housing Wire

OCTOBER 1, 2022

The DOJ said that all of Lakeland’s branches were located in majority-white neighborhoods and that its loan officers did not serve the credit needs of Black and Hispanic neighborhoods in and around Newark. Lakeland, a community bank, operates 68 branches in northern New Jersey and in New York’s Hudson Valley.

Loan Officers 435

Loan Officers Law Lending Advertising 435

Housing Wire

AUGUST 29, 2024

The CFPB alleges that NewDay provided borrowers with “net benefit worksheets”—which show the financial advantage of a transaction—misstating the changes in the monthly mortgage payments before and after the refinancing loan. loans and 90% refinance loans. It was unprecedented.” mortgage industry.” . mortgage industry.”

Loan Officers 428

Loan Officers Law Mortgage Insurance 428

Housing Wire

MAY 22, 2024

H4P endorsements accounted for roughly 6% of the 32,963 HECMs endorsed for Federal Housing Administration (FHA) insurance that fiscal year. It represented a modest recovery for a highly underutilized option within a wider and similarly underutilized lending program sponsored by the federal government.

Mortgage 452

Mortgage Loan Officers Lending Business 452

Housing Wire

MARCH 29, 2024

When it comes to government-backed reverse mortgages, there are certain product features that customers wish could be different, she said. “At Some customers she spoke to explained that after looking at the origination fee structure and the mortgage insurance premium, a home equity line of credit seemed more beneficial to them.

Mortgage 480

Mortgage Finance Insurance Tools 480

Housing Wire

JUNE 1, 2021

Manager, Government & Industry Relations. Genworth Mortgage Insurance. Alterra Home Loans. Senior Loan Officer. Louis daRosa. VP of Engineering. ICE Mortgage Technology. Madisyn Rhone. Malte Kramer. CEO & Founder. Luxury Presence. Marc Hernandez. EVP, Retail Lending. Matt Garcia. Supreme Lending.

Retail 418

Retail Lending Loan Officers Finance 418

Housing Wire

JUNE 24, 2021

Panelists: Scott Betley, Loan Officer, NFM Lending Brena Nath, Managing Editor, HousingWire. Willison, Vice President, Government & Industry Relations, Arch Mortgage Insurance Company Sarah Wheeler, Editor in Chief, HousingWire. Social Media Master Class: Instagram. Social Media Master Class: TikTok.

Loan Officers 381

Loan Officers Lending Finance Business 381

Housing Wire

SEPTEMBER 28, 2023

I would say search engine optimization and customized websites for loan officers, those are areas where we’ve had some success. But we were looking at actually doing some test implementations on a couple of other ones that are more interesting to really high producing loan officer teams.

Technology 480

Technology Loan Officers Lending Business 480

Housing Wire

MARCH 15, 2022

He’s outspoken on his view that the government-sponsored enterprises exist to serve markets that are not well-served by the private sector, and he has some suggestions for how they might accomplish that mission. Government agencies have been looking at that for a while. That’s why the government is in that space.

Government 394

Government Finance Insurance Investing 394

Housing Wire

FEBRUARY 1, 2022

Purchase loans grew 39% last year to $39 billion, with the number of retail loan officers up by 18%. billion worth of conventional conforming loans in 2021, up from $79.9 Loan origination of FHA/VA/USDA loans was the second-largest share of the pie. billion government-insured loans in 2021, up from $17.5

Advertising 370

Advertising Loan Officers Retail Insurance 370

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. billion in the last 12 months.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. insurance companies, including home and auto providers. Register for the FinLedger Daily Newsletter.

Business 504

Business Law Real Estate Investors 504

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

Agents 482

Agents Sellers Buyers Finance 482

Housing Wire

OCTOBER 4, 2024

That’s where a mortgage loan officer (MLO) comes in. Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission. The lender must notify the borrower of the credit decision within 30 days of receiving the loan application.

Real Estate 444

Real Estate Loan Officers Tools Lending 444

Housing Wire

JANUARY 25, 2022

There’s already been widespread margin compression with agency conventional products due to the declines in refinances, while government margins will likely start compressing soon as well. This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans.

Mortgage 370

Mortgage Inventory Business Loan Officers 370

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. Targeting jumbos made sense for Busch as he is based in Washington, D.C.,

Insurance 369

Insurance Mortgage Lending Clients 369

Realtor

NOVEMBER 7, 2023

Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance.

Inspection 191

Inspection Insurance Sellers Buyers 191

Genworth MI Blog

MARCH 20, 2025

Additionally, the increased frequency of destructive hurricanes has led some insurance companies to reduce their coverage in these areas, complicating the situation for homeowners and potential buyers. Immediate consequences, such as rising insurance costs and higher rebuilding expenses, may be difficult to gauge in real-time.

Real Estate 88

Real Estate Appraisal Marketing Insurance 88

Miller Samuel

FEBRUARY 12, 2019

(Fannie Mae and Freddie Mac are Government sponsored enterprises that purchase mortgages from banks and mortgage companies in an effort to create liquidity so that lenders have the capacity to lend to more homebuyers). It’s like a Hollywood actor paying their agent 60% instead of 10%,” Miller said.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Raleigh Realty

APRIL 24, 2022

Looking Into Financial Options for Veterans Your informed team will also include loan officers. These are the people employed by loaning institutions — like banks, credit unions, and VA offices — who exist to facilitate the approval of loan applications. For example, the U.S.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Government 78

PennyMac

MARCH 4, 2024

Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment. When comparing mortgage lenders, be sure to inquire about which loans they offer, especially if you’re interested in a non-conventional loan, such as a FHA or VA loan.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Assurance Financial

APRIL 29, 2021

If you are interested in a VA loan, your certificate of eligibility will verify that you are eligible for the loan. The federal government issues the certificate. Conforming Loan. A conforming loan meets the requirements set by Freddie Mac and Fannie Mae, two government-sponsored organizations that buy mortgages.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. The loan is usually repaid over a period of years. Ownership: Once the loan is fully repaid, you own the property outright. Insurance Does a mortgage payment include insurance?

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Assurance Financial

JULY 27, 2021

You need to repay the mortgage according to the terms of the loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). Two broad categories of mortgages exist, private loans and government-backed loans. Conventional Conforming.

Mortgage 69

Mortgage Government Construction Insurance 69

PennyMac

AUGUST 13, 2024

Although choosing a shorter loan term may lower the amount of interest paid over the life of your new loan, it may not lower your monthly payment amount as much as a new 30-year term loan might. Pennymac’s Loan Officers can discuss the best options for your individual situation. Call us at (866) 549-3583.

Insurance 52

Insurance Loan Officers Mortgage Finance 52

Genworth MI Blog

AUGUST 31, 2022

Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. From a mortgage insurance perspective, appraisal reviewers are trying to find out not what is wrong but what is right and want to work alongside the appraisers and underwriters to do so.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? The clarifications were made to long-standing policies in our Guides intended to ensure the borrower has sufficient property insurance coverage in the event of a loss, and the February announcements did not change these policies. Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 82

Reconsideration of Value Appraisal Real Estate Insurance 82

PennyMac

JULY 25, 2022

Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. They are funded by a private lending institution and then typically sold to a government-sponsored entity such as Fannie Mae or Freddie Mac. Flexibility on loan terms.

Insurance 36

Insurance Government Investing Mortgage 36

PennyMac

MARCH 20, 2023

A conventional loan doesn’t have to be guaranteed or insured by the federal government, but it does adhere to Fannie Mae and Freddie Mac guidelines in most cases. A conforming loan, on the other hand, describes a certain set of characteristics, mainly loan amount, contained within a home loan.

Government 36

Government Insurance Loan Officers Mortgage 36

Assurance Financial

JULY 23, 2021

The exact amount you need to save up for a down payment depends on the type of loan you choose, the market conditions and your financial situation. That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan.

Mortgage 74

Mortgage Real Estate Agent Loan Officers Government 74

PennyMac

SEPTEMBER 12, 2024

Budget for mortgage insurance if you are putting less than 20% down. Loan Types and Terms You can opt for the reliable stability of a fixed rate or the potentially lower initial payments with an adjustable-rate mortgage (ARM). Conventional loan programs versus government-backed ones (FHA, VA) offer different benefits to weigh.

Buyers 36

Buyers Finance Home Improvement Renovations 36

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Reducing government-insured and guaranteed mortgage loan fees.

Insurance 397

Insurance Construction Government Lending 397