Housing Wire

MARCH 21, 2025

Multi-generational homes have become a growing trend as families seek ways to make homeownership more affordable, said Judy L. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. Meanwhile, climate-related risks are also impacting home values. It recommended human oversight to mitigate bias.

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Housing Wire

AUGUST 8, 2022

Mortgage rates trended down in July from their peak above 6% in June, but that wasn’t enough to spur mortgage lending activity. The purchase lock count, which excludes the soaring home values on volume, is down 25.8% The post Mortgage rates drop but not low enough to spur lending appeared first on HousingWire.

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Appraisal Buzz

NOVEMBER 15, 2024

Residential Lending at TD Bank. With interest rates expected to continue to drop over the next year, home prices and equity values will fluctuate alongside the U.S. We’re finding that home equity is playing a bigger role in helping homeowners stay financially flexible.” housing supply.

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Housing Wire

JANUARY 27, 2025

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

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Housing Wire

MARCH 2, 2021

Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. HELOCs provide flexible access to home equity and closing costs are typically only 2% to 5%, so it’s much cheaper than a refinance.

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Appraisal Buzz

OCTOBER 30, 2024

home value is currently $359,892, up 2.7% Click here to access TransUnion’s full report, “ Capturing the Refinancing Wave in Mortgage and Auto Lending.” “Credit unions should lean into this fact and leverage available tools such as trended data and advanced analytics to seek out those consumers who may be able to refinance.”

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Housing Wire

APRIL 4, 2025

Earlier this year, Longbridge announced that it lowered the minimum home value for its fixed-rate proprietary products. Previously, the Platinum line aligned its minimum amount with Federal Housing Administration (FHA) lending limits. But the variations available to brokers and principal agents differ.

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Housing Wire

FEBRUARY 23, 2024

While home values are relatively lower in these communities and more Black families can afford the typical mortgage payment, access to homeownership remains a challenge. And the typical home owned by a white family is still worth far more than the typical home owned by a Black family, the report pointed out. About 13.3%

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Housing Wire

MAY 2, 2021

Using an AVM helps lenders quickly and accurately get an independent assessment of collateral value, which can streamline the home buying process for them and the borrower. Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle.

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Valuation Home Value Lending Technology 382

JMV Lending

AUGUST 27, 2021

The post Bedroom Counts And Home Values – A Very Big Deal! appeared first on JVM Lending. The appraisal came in low b/c the house was correctly deemed a two-bedroom instead of a three-bedroom, as […].

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Housing Wire

JULY 26, 2021

Justice Department charges of fair-lending violations. As with many industries, the mortgage-lending market has increasingly moved online. As part of this trend, the share of loans being made by so-called “fintech” — lenders that make home loans almost exclusively online — has grown enormously.

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Inman

JULY 16, 2024

Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail.

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Housing Wire

MARCH 14, 2022

Rate-term refinance lending activity was down for the fifth consecutive month – falling to the lowest level in three years – and is down 80% from 2021 levels. Cash-out locks – which have been somewhat insulated due to strengthening home values, were down 6.3% over last year. Presented by: SitusAMC. from the same time last year.

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Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The financial terms of the transaction have not been disclosed. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets.

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Housing Wire

SEPTEMBER 8, 2021

The driver is, of course, spiking home prices in most places. Home values have risen so dramatically that the average homeowner could refinance their mortgage and withdraw $173,000, while retaining 20% equity in their home. There is still $9 trillion in tappable equity, a 37% increase year-over-year.

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Housing Wire

APRIL 20, 2021

Reginald Edwards, Redfin senior economist, said racist housing policies that were outlawed in the 1960s combined with “continuing biases” among homebuyers and housing professionals in parts of the home-buying process — like appraisals and mortgage lending — are keeping Black Americans from building wealth through home equity.

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Housing Wire

MARCH 15, 2021

The creation of the Home Mortgage Disclosure Act (HMDA) in 1975 required lenders to track and report loan-level data to the Consumer Financial Protection Bureau (CFPB) in an effort to reduce redlining, and finally, in 1988, amendments made to the Fair Housing Act of 1968 deemed it illegal. “And the cycle continues today.

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Housing Wire

AUGUST 5, 2024

“Total cumulative debt leverage — essentially a loan-to-value ratio for the entire mortgage market — is equivalent to 44.1% of underlying home values, the third lowest leverage ratio we’ve seen in the past 20-plus years.“

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Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Only homes in census tracts with poverty rates of at least 130% of the area poverty rate, median family income below 80% of area median income, and median home values lower than the area median value would be eligible for the credit.

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Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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Housing Wire

APRIL 10, 2023

DG: For the past few years, homeowner engagement has been pretty basic — mostly apps focused on home value, home equity and market reports. This was fun to look at when home values were skyrocketing but is kind of depressing when the market starts to flatten or decline.

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Housing Wire

MAY 17, 2022

“This year, as interest rates continue to rise and home equity lending volumes skyrocket, this funding will allow us to continue innovating faster and provide a superior customer experience, while delivering end-to-end solutions that are in high demand in today’s constantly changing lending environment.”.

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Housing Wire

JUNE 4, 2024

But in states with higher home prices — particularly California , New Jersey and Hawaii — shopping around could provide even more substantial savings of $131,190, $127,125 and $115,947, respectively, over the lifetime of loans originated in these locations.

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Appraisal Buzz

JUNE 26, 2024

A new rule was passed by the Consumer Financial Protection Bureau (CFPB) to address the use of artificial intelligence and complicated algorithms in home valuations, both now and in the future. A proper home appraisal is essential whether purchasing or selling a property.

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Appraisal Buzz

AUGUST 5, 2024

Record-breaking equity and eased leverage The growth in home equity has outpaced the rise in mortgage debt, reducing overall market leverage. of underlying home values, down from 44.6% of underlying home values, the third lowest leverage ratio we’ve seen in the past 20-plus years.” year-over-year.

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Housing Wire

JULY 7, 2023

There is a lot less liquidity for fix-and-flip and bridge loans in today’s market, especially after the banking crisis,” said Keith Lind, CEO of Acra Lending. “In There’s also the problem of declining home values and appraisals coming back lower than the investor’s expectations. That’s what people are struggling with,” he said.

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Marketing Lending Investors Real Estate 370

Housing Wire

SEPTEMBER 7, 2022

As mortgage rates climb to the mid 6% range and home values continue to increase, the new conforming loan purchase limit will offer better pricing, require a smaller down payment for home purchases and easier documentation compared to a jumbo loan, Rocket said. .

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Housing Wire

OCTOBER 11, 2022

Purchase rate lock counts, which exclude the impact of soaring home values on dollar volume, are down more than 10% from 2019 levels, marking the third consecutive month that the number of purchase locks has fallen below pre-pandemic norms, Black Knight said. Presented by: Teraverde.

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Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. If the home value appreciates, customers get to keep the difference.

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Tenants Loan Officers Finance Clients 397

Housing Wire

SEPTEMBER 9, 2021

If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. Low interest rates coupled with dramatically rising home values have left homeowners with a massive amount of available equity. Presented by: Black Knight.

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Mortgage Valuation Home Value Inventory 493

Housing Wire

OCTOBER 18, 2022

homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. Here are four ways the next generation of AVMs are reducing risk, accelerating decision making and cutting the cost of home equity originations.

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Valuation Home Value Technology Lending 321

Housing Wire

SEPTEMBER 7, 2022

The total market leverage as of the second quarter – including both first and second liens – was just 42% of mortgaged homes’ values, the lowest on record. A national home price decline of 5% would result in just 0.9% of homes becoming underwater, mostly impacting homeowners who bought their homes in 2022.

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Housing Wire

FEBRUARY 1, 2023

Black Knight Servicing Digital is a powerful, white-labeled solution that allows servicers to provide consumers with information about their home value and how to grow and leverage wealth from their property.

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Housing Wire

FEBRUARY 28, 2025

Multiple times over the course of the call, company leaders lauded the contributions of Longbridge Financial , its wholly owned reverse mortgage lending and servicing subsidiary. These are marketed under the Platinum brand name, which recently saw a reduction in its minimum home value.

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Housing Wire

SEPTEMBER 22, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for tapping into home equity.

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Housing Wire

NOVEMBER 14, 2022

However, purchase lending has faced continued downward pressure due to affordability constraints. “Despite home prices continuing to pull back in a growing number of markets across the country, the current rate environment means affordability remains a thorny challenge.”. Presented by: ServiceLink.

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Housing Wire

JULY 14, 2021

. “Demand for second homes is dropping back down to earth as many employees return to the workplace this summer,” Marr said. “That return to the office, along with soaring prices and tighter lending standards for second homes, is shifting homebuyer demand in favor of primary residences.

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