Another 2 million borrowers could save an average of nearly $300 a month on a refinance thanks to last week's 10-basis-point drop in mortgage rates. Recent data from Black Knight found the number of high-quality refi candidates moved back up to 13 million last week — potentially putting $3.6 billion back in to homeowners pockets.
HousingWire recently spoke with Keith Lind, Acra executive chairman and president, and Acra CEO Kyle Gunderlock, about the new jumbo prime program and how it will help borrowers in 2021 and beyond. Presented by Acra Lending
The newest draft of a down-payment assistance bill would provide $25,000 to first-time homebuyers, but only those who are also first-generation homebuyers and economically disadvantaged. Plus Biden's proposal is not actually a homebuyer tax credit, but it is money that would be available at closing.
Capital Markets Cooperative (CMC) helps lenders maximize earnings and minimize expenses through its roster of top-tier vendors and investors. Lenders can also achieve better loan sale execution by selling through CMC's co-issue servicing acquisition platform. Learn more.
Virtually every IMB saw origination volumes soar in 2020, with many eclipsing $40 billion in originations, according to the Consumer Financial Protection Bureau's Home Mortgage Disclosure Act data. In fact, over 20 lenders issued 100,000 mortgage loans or more in 2020, the majority of them refinancings. One lender, Rocket Mortgage, issued over 1 million loans in 2020.
As Housing Wire reported earlier this year, 2021 will be a year of heightened M&A activity — and not just for mortgage lenders and originators. As the refinance wave gives way to a purchase market, consolidation is already upon us.
The last thing you need is a delay of game because the loan application is missing documentation. Join MGIC for a webinar on April 28 and learn how to get faster approvals for your mortgage loans and tackle obstacles that slow down your game. Register now!
Gino Blefari is a pretty colorful character. The Berkshire Hathaway HomeServices of America CEO and chairman of Berkshire's franchise network, HSF Affiliates, calls money "dough," and is fond of tangents – like describing the initial reporting on the JFK assassination, and the best routes to the John Wayne Airport in Irvine, California.
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