Unconventional mortgage loans: Help for 1099 clients and investors
Opinion
For agents, sharing these programs with those who would not normally qualify for a traditional conventional loan can be a huge lead generator for their business for many years to come
by Bernice Ross Jun 1
Co-founder of UK's LendInvest launches new US venture
Christian Faes' Los Angeles-based Faes & Co will back F2 Finance and other tech-enabled direct lenders that cater to US residential real estate investors who buy, rehab and flip homes
by Matt Carter May 31
'Big Short' investor: Flooding is the next great threat to home values
Dave Burt, who made a fortune leading up to the Great Recession and later earned notoriety in the 2015 film 'The Big Short,' is sounding the alarm about a growing threat to housing prices: flood risk
by Ben Verde May 31
'Inflation is still running too high': Homebuyers stunned by rate surge
Requests for purchase loans were down last week by 31% from a year ago as rates rose to a 2023 high and homes remained scarce, according to the MBA's Weekly Mortgage Applications Survey
by Matt Carter May 31
Mortgage rates hit new 2023 high on debt ceiling, inflation worries
For bond market investors who provide the funding for most U.S. mortgages, the debt ceiling crisis won't be over until Congress actually votes to approve the deal negotiated over the weekend
by Matt Carter May 30
Private mortgage insurers have friends in high places
House lawmakers with differing views on Fannie and Freddie ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68B in risk since 2015
by Matt Carter May 26
Mortgage rate gap among lenders wider than previously understood
A homebuyer taking out a $300K loan could end up overpaying by $1,200 a year — and even more if they're in the market for a jumbo, FHA or VA mortgage, according to a new CFPB analysis
by Matt Carter May 26
RE/MAX's Motto Mortgage aims for 1,000 offices nationwide
Being named to Entrepreneur magazine's 2023 Franchise 500 list for the 4th year in a row puts some wind in the sails of the company's long-term goals
by Matt Carter May 25
Homebuyers flinch as mortgage rates ascend toward 2023 highs
Purchase loan applications fell by a seasonally adjusted 4% last week as mortgage rates surged on debt ceiling and inflation worries, according to a survey by the Mortgage Bankers Association
by Matt Carter May 24
Introducing Inman's Mortgage & Finance Forum alongside Connect Las Vegas
Recognizing a need for deeper conversation in the mortgage and lending industry, Inman introduces the Mortgage & Finance Forum, Aug. 9 at the Aria in Las Vegas. Attendance is free for qualified professionals
by Inman May 24
Economist explains that controversial FHFA fee change
Opinion
There's been a lot of talk about the FHFA's fee increase, but this economist thinks that, for the most part, it's much ado about nothing
by Matthew Gardner May 24
WFG swoops in to acquire nearly two dozen Doma title locations
The struggling digital title and closing provider is set to receive up to $24.5M, with up to $14M in earnouts 'based on the retention of specified employees' by WFG
by Matt Carter May 23
Majority of buyers lean on agents, not banks, for financing info: Poll
A new survey conducted by Zillow suggests there are opportunities for real estate agents and companies that provide information and make lending more user friendly
by Jim Dalrymple II May 23
Rocket's new 1% down mortgage also picks up tab for PMI
A hypothetical buyer putting down $2,500 to purchase a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years, lender estimates
by Matt Carter May 22
Housing is outperforming, but recession may still be in the cards
Fannie Mae economists say 'extraordinarily tight' inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes
by Matt Carter May 19
Housing counseling agency sues its founder for alleged fraud
The National Asian American Coalition says only a small percentage of the counseling sessions it billed California $12M for were actually provided
by Matt Carter May 18