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Originating (1382)

Broeksmit: 1st Timers Better Served, Reverse Mortgages Cause Angst

Broeksmit: 1st Timers Better Served, Reverse Mortgages Cause Angst

Wednesday, 14 November 2018
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The mortgage marketplace is doing a better job of serving once underserved borrowers and has been effective at mitigating risk from that effort, according to a review of The Department of Housing and Urban Development's Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund. "The continued growth of the… Read more...
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Alt-Reverse Tool Could Fund Retirement for Baby Boomers

Alt-Reverse Tool Could Fund Retirement for Baby Boomers

Thursday, 15 November 2018
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Figure Technologies Inc. has developed a way for baby boomers to convert their home equity into retirement funds. With Figure Home Advantage, their home is sold and leased backed to the seller locking in any gains on the property. "We're building solutions to help Americans cope with this looming retirement issue. With rising interest rates,… Read more...
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Prosper Offering HELOCs in 2019

Prosper Offering HELOCs in 2019

Wednesday, 14 November 2018
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 Prosper, a peer-to-peer lending platform, will inaugurate a new digital Home Equity Line of Credit product in 2019, working with banks to improve the application process and reduce the time from application to closing. Banks will have the opportunity to increase their HELOC business because they will be gaining access to Prosper’s customer base, proprietary… Read more...
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MGIC, Ellie Complete Integration

MGIC, Ellie Complete Integration

Wednesday, 14 November 2018
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Mortgage Guaranty Insurance Corp. has made its products available through an integration with Ellie Mae’s platform. Customers can place orders for MGIC Rates, Delegated MI, Non-Delegated MI, and Contract Underwriting through Ellie Mae's Total Quality Loan Program. It’s designed to equip customers with the capability to streamline rate quote and order processes through automation monitor… Read more...
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LosetheAgent Slashes Agent Commissions

LosetheAgent Slashes Agent Commissions

Tuesday, 13 November 2018
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Losetheagent.com has developed a peer-to-peer real estate market, with access to mortgage professionals. The site includes marketing tools that assist the homeowner in selling their property without real estate agents, saving thousands of dollars in commissions, according to the company. All free of charge, the premium program allows sellers to advertise a property or land… Read more...
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Americans Believe Housing Prices Cooling

Americans Believe Housing Prices Cooling

Tuesday, 13 November 2018
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Location might be everything in real estate, but buyer perception isn’t far behind. Consider that seventy-five percent of Americans believe their local housing market is cooling off--among them, 72 percent say they are not surprised, according to results from Valueinsured's Q4 2018 Modern Homebuyer Survey. This shift in market perceptions follows five consecutive quarters where… Read more...
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Synergy One Makes Acquisition

Synergy One Makes Acquisition

Monday, 12 November 2018
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Synergy One Lending has agreed to acquire the assets of BBMC Mortgage, a national mortgage company. BBMC offers a full suite of home financing products and services including traditional mortgage products and reverse mortgages through a wide network of loan officers, as well as direct sales channels. “BBMC has built an impressive team and we… Read more...
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Housing Prices Heat Up in Smaller Cities

Housing Prices Heat Up in Smaller Cities

Monday, 12 November 2018
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The next hot housing markets, believe it or not, are cities like Wilmington, Delaware. Smaller, inland cities like Wilmington, Philadelphia and Atlanta lead a handful of metro areas where supply is shrinking, leaving more homes to go under contract within days, and for above-list price than a year ago, according to Redfin. "Competition in Wilmington … Read more...
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AFR To Pay Agent Fees on VA Loans

AFR To Pay Agent Fees on VA Loans

Friday, 09 November 2018
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American Financial Resources beginning on Veterans Day will pay agent fees for brokers and correspondents on VA loan submissions. The Department of Veterans Affairs generally requires originators to pay an annual fee of $100 per third-party originator for each entity that sponsors their origination. AFR will now pay this fee on behalf of its brokers… Read more...
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Home Equity At Historic Levels

Home Equity At Historic Levels

Friday, 09 November 2018
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The value of homeowner equity has hit historic levels. Almost 14.5 million properties were equity rich in the third quarter, an increase of 433,000 compared with the same period a year ago, the highest the statistic has been since the data first began being collected in the fourth quarter of 2013, according to the Q3… Read more...
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