Mortgage giants offering very low income homebuyers a spring break

Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. Continue reading

Assumable loan platform Roam offers seller closing guarantee

If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller’s mortgage payments for up 60 days after the scheduled closing date. Continue reading

‘Listing of the future’ will be virtual and multipurpose: ICNY

AI-driven, personalized listings will include an immersive virtual tour experience and data will be used not just for sales and marketing, but also restorations, renovations and appraisals. Continue reading

3 reasons you should be using a buyer agreement now

According to broker Joseph Santini, buyer agreements are good for buyers and good for buyer agents. Find out more about these valuable tools and how to get them signed. Continue reading

Rocket Homes app puts listings on your car’s infotainment screen

Integration with Apple CarPlay turns the commute “into an exciting and natural part of the homebuying journey” — unless you drive a Tesla. Continue reading

Lone Wolf invites mortgage lenders onto its broker-agent tech platform

Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf’s transaction management solution, Transactions. Continue reading

FHA 2024 loan limits are headed up, chasing rising home prices

Annual home price appreciation of 5.5 percent pushes FHA loan limits up to a minimum of $498,257 in affordable markets, and to a ceiling of up to $1.72 million in high-cost states like Alaska and Hawaii. Continue reading

Ally Financial partners with HouseCanary to grow mortgage

Co-branded ComeHome solution on Ally’s website will provide would-be homebuyers with access to listings and loan options and encourage existing homeowners to explore refinancing and HELOCs. Continue reading

LoanDepot lets buyers cover FHA down payment with 2nd mortgage

Available everywhere except New York, loanDepot’s new “accessZERO” program provides a down payment of up to 5 percent in the form of a 10-year fully amortized second mortgage. Continue reading