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Quicken Loans Using Short Term Rental Income For DTI Calculation

Quicken Loans Using Short Term Rental Income For DTI Calculation

Sunday, 21 April 2019
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Detroit-based Quicken Loans has partnered with Vrbo®, a world leader in vacation rentals, to allow rental income earned through Vrbo to be used to qualify for a mortgage refinance. This program uses confirmed and documented rental income so homeowners can more accurately illustrate their full income stream. Mortgages for primary residences, vacation homes and investment… Read more...
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Bill Bodnar’s Mortgage Market Recap

Bill Bodnar’s Mortgage Market Recap

Wednesday, 17 April 2019
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https://youtu.be/hJ0SnZFePfU Rates rose this week and U.S. market is resurgent and so is China. The economy is reinvigorated. The spring season is the largest in nine years. Employees are not getting fired because the job market is so tight. [adbutler zone_id="326324"] [adbutler zone_id="326327"] Recession occur 13 months after the low, but the economy keeps making… Read more...
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Ally Financial Partners with Better.com to Create End-to-End Digital Mortgage Experience

Ally Financial Partners with Better.com to Create End-to-End Digital Mortgage Experience

Thursday, 18 April 2019
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Ally Financial Inc. (Ally) today announced a partnership with Better.com to create a new end-to-end digital experience for consumers looking for a mortgage loan from Ally. In addition to the partnership, strategic-investment arm Ally Ventures has announced an add-on investment to Better.com’s recent Series C funding, significantly increasing Ally’s overall ownership in the company. In… Read more...
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Ask Brian: Creating a Networking Group

Ask Brian: Creating a Networking Group

Thursday, 18 April 2019
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Dear Brian, I love your column and you seem to be very knowledgeable and sincere. I have only been originating for a few years and it’s hard for me to network. I am considering joining a networking group and wanted your opinion. Scott J. Boston Dear Scott, I know as a reader you may find… Read more...
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Hybrid Products Being Developed For HELOC's

Hybrid Products Being Developed For HELOC's

Wednesday, 17 April 2019
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Premium Title, a national provider of title and escrow services, and Springhouse, a full-service valuation solutions and appraisal management company, today announced the launch of HomeVal, a home equity line of credit (HELOC) hybrid solution that provides combined title search and valuation data for lenders. Consolidation of title and valuation information in one report can… Read more...
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LendingTree Survey: 61% of First-Time Homebuyers Struggling to Find Affordable Homes

LendingTree Survey: 61% of First-Time Homebuyers Struggling to Find Affordable Homes

Tuesday, 16 April 2019
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Young adults are getting married later than previous generations. In 1980, the median age for men and women at their first marriage was 24.7 and 22, respectively. In 2018, the ages increased to 29.8 and 27.8, for men and women, respectively. But this delay in marriage isn’t deterring them from homeownership, though. Almost a quarter… Read more...
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March Sales Signal Slowest Start to Spring Homebuying Since 2014

March Sales Signal Slowest Start to Spring Homebuying Since 2014

Tuesday, 16 April 2019
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Kicking off the spring homebuying season, March sales climbed almost 29% over February, according to the RE/MAX National Housing Report. But this remains the slowest start in five years, with March sales 8.6% lower than March 2018. March was the eighth consecutive month of year-over-year sales declines and the sixth straight month of year-over-year inventory… Read more...
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The Ability To I.D. The Borrowers Intent Shifts The Origination Process

The Ability To I.D. The Borrowers Intent Shifts The Origination Process

Tuesday, 16 April 2019
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For mortgage lenders there is a big battle to be one of the first people to reach a potential borrower. That’s because statistics show that 88% of consumers go with the first or second lender they talk to. That’s no surprise, how often do consumers really want to have a one-hour conversation regarding the same… Read more...
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A Primer for How Not to Deal with Rate Shoppers

A Primer for How Not to Deal with Rate Shoppers

Sunday, 14 April 2019
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By Brian Sacks One of the things we all wonder about as originators is how to compete with on-line and other lenders who simply buy the market. There are a number of strategies for dealing with this like positioning yourself as the obvious go to celebrity originator in your market. But one of the best… Read more...
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Recent PwC Survey Show Consumer Attitudes are Changing

Recent PwC Survey Show Consumer Attitudes are Changing

Friday, 12 April 2019
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PWC’s April survey shows that consumer attitudes are changing. They see what digitalization is doing in other areas and they want a similar experience in the mortgage space. Consequently, they are not just looking for a best in class home searching experience or an amazing digital mortgage experience, they’re demanding an integrated home ownership experience.… Read more...
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