Realty Biz

APRIL 8, 2022

Physician mortgage loans are a particular loan class exclusively available for physicians and medical residents. A few factors can make home loans more difficult than you would expect for a person who works as a doctor. So, let’s look at three of those major problems you can solve by opting for physician mortgage loans. .

Debt-to-income ratio 88

Debt-to-income ratio Loans Mortgages Closing costs 88

The Mortgage Report

OCTOBER 8, 2020

Should you use a conventional loan? Learn about conventional mortgage rates and requirements and find out if you qualify for one.

Loans 105

Loans Mortgages 105

Eye on Housing

SEPTEMBER 3, 2021

Census Bureau reveals that conventional loans financed 76.3% The share of sales backed by conventional loans in Q2 2021 increased 5.1 NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. percentage points (quarter-over-quarter) from. Read More ›

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Loans Sales Finance Lending 89

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. They come in the forms of grants, second mortgages, deferred loans and forgivable loans.

FHA loan 450

FHA loan Loans Closing costs Loan Officer 450

Housing Wire

JANUARY 25, 2024

Nonqualified mortgage (non-QM) wholesale lender A&D Mortgage has obtained licenses to originate loans in Arkansas and Mississippi, the company announced on Thursday. In addition to its geographic expansion, A&D Mortgage is looking to strengthen its conventional lending business by adding seasoned professionals to its sales team.

Mortgages 329

Mortgages Lending Banks Loans 329

Housing Wire

OCTOBER 30, 2023

loanDepot has rolled out a new down payment assistance program for Federal Housing Administration (FHA) loan borrowers that enables them to put zero money down upfront. The program is available nationwide through the retail channel for first-time and repeat homebuyers applying for FHA 30-year, fixed-rate purchase loans.

FHA loan 473

FHA loan Loans Lending Finance 473

Housing Wire

SEPTEMBER 28, 2023

Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. Additionally, the yield on 10-year treasuries shot up to 4.6% on September 27 from 4.3% a week prior.

Fixed-rate mortgage 455

Fixed-rate mortgage Mortgages Loans Investor 455

Housing Wire

JANUARY 31, 2024

United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. The discount is valid on new loan locks through March 29. But there’s no seasoning requirement on loans originated by other companies.

Loans 436

Loans Mortgages Closing Marketing 436

Housing Wire

SEPTEMBER 21, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.19% as of Sept. At Mortgage News Daily on Wednesday, the 30-year fixed rate for conventional loans was 7.33%, up from 7.22% the previous week.

Mortgages 418

Mortgages Fixed-rate mortgage Loans Construction 418

Housing Wire

MARCH 12, 2024

In other cases, family members or friends agreed to serve as a co-signer for a buyer with the intention of coming off the loan at some point in the future. “In In 2022, we were urging them to go conventional to get their offer accepted because you had to stand out in 2022.” I’ve even seen grandparents jump in.

FHA loan 456

FHA loan Loans Finance Lending 456

Eye on Housing

OCTOBER 29, 2021

Census Bureau reveals that conventional loans financed 75.7% NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. of new home sales in the third quarter of 2021—the largest share since the beginning of the Great Recession in 2008. The share increased 1.7

Loans 93

Loans Sales Finance FHA loan 93

Housing Wire

OCTOBER 11, 2023

The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct. This represents a 3.2%

Loans 432

Loans VA loan Finance Mortgages 432

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. As of Tuesday, Academy had 839 loan officers who will add to another 2,247 at Guild, per the Nationwide Multistate Licensing System (NMLS).

Mortgages 431

Mortgages Loan Officer Loans Finance 431

Housing Wire

APRIL 18, 2024

N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS). Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Banks 400

Banks Mortgages Loan Officer Loans 400

Housing Wire

JANUARY 10, 2024

The increase in purchase and refinance applications for both conventional and government loans is promising to start the year but was likely due to some catch-up in activity after the holiday season and year-end rate declines,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. from 14.5% the week prior.

Mortgages 485

Mortgages VA loan FHA loan Loans 485

Housing Wire

OCTOBER 5, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7.60% on Wednesday, compared to 7.43% the previous week.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages MLS Loans 450

HomeLight

OCTOBER 15, 2020

Except suddenly, you’re met with confusing terminology: “conventional,” “conforming,” “non-conforming,” and “government-backed.” We talked to Jessica Sanchez, Director of Underwriting & Loan Management at HomeLight Home Loans, to walk through the ins and outs of conventional loans. What’s a conventional loan?

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Loans FHA loan Debt-to-income ratio VA loan 96

Housing Wire

APRIL 15, 2024

In their guidance issued on Monday, the GSEs note that “fees or costs customarily paid by the property seller according to local convention are not subject to these financing concessions limits.” Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 530

Agents Seller concession VA loan Finance 530

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So

FHA loan 441

FHA loan Loans Loan Officer Mortgages 441

Housing Wire

DECEMBER 3, 2023

Loans in active foreclosure inched up to 217,000, but remained more than 25% below pre-pandemic levels. About 70% of loans currently three or more payments past due are protected from foreclosure by ongoing loss mitigation efforts. In 2024, roughly 75% of originations expected to come from purchase loans. for VA loans.

Equity 434

Equity VA loan FHA loan Mortgages 434

Housing Wire

OCTOBER 12, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct. Other indices showed significantly higher home loan rates this week. That’s up 8 basis points from 7.49% the previous week.

Fixed-rate mortgage 385

Fixed-rate mortgage Mortgages MLS Investor 385

Housing Wire

JANUARY 31, 2024

Mortgage company Evergreen Home Loans is continuing its expansion across the country with the opening of new branches in Montana, the company announced on Wednesday. “We We are thrilled to welcome the Montana team to our Evergreen family,” Robert Lipston, the company’s executive vice president of production, said in a statement.

Loans 372

Loans Mortgages As-is 372

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 7.20% on Wednesday, compared to 7.07% the previous week.

Mortgages 430

Mortgages Fixed-rate mortgage Marketing MLS 430

Housing Wire

JANUARY 24, 2024

Conventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season,” Joel Kan , MBA’s vice president and deputy chief economist, said in a statement. Rates on jumbo loans (greater than $766,550) rose to 6.94% up from 6.86%. Mortgage applications rose by 3.7%

Mortgages 478

Mortgages Fixed-rate mortgage Loans Residential 478

Housing Wire

OCTOBER 2, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. in 2024 (the current limit on conventional loans is $726,200). That’s only a 3% or 3.5%

Loans 430

Loans Mortgages Finance Land 430

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. VA loans are 12% of the mortgage market,” Garg said. “So,

VA loan 359

VA loan Loans Loan Officer FHA loan 359

Housing Wire

NOVEMBER 15, 2023

The wholesale lender will cover up to $600 of the appraisal cost on all conventional and government-backed home loans until March 31 when a broker uses UWM’s 1-0 temporary rate buydown. Later that year, the wholesale lender provided temporary rate buydowns for jumbo loans , and expanded options to 3-2-1 and 1-1 buydowns.

Loans 403

Loans Mortgages Industrial Closing 403

Housing Wire

NOVEMBER 22, 2023

Total home loan applications increased 3% for the week ending Nov. Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average loan size on a purchase application was $403,600, the lowest since January 2023. the week prior.

VA loan 465

VA loan FHA loan Mortgages Loans 465

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

FHA loan 351

FHA loan Loan Officer Loans Mortgages 351

Housing Wire

APRIL 26, 2024

An increase in the MBA index — indicative of declining borrower affordability conditions —means that the mortgage-payment-to-income ratio is higher due to increasing loan amounts, rising mortgage rates or a decrease in applicant earnings. The national index increased 0.8% in March, up from 172.8 in February.

Mortgages 276

Mortgages Loans As-is Marketing 276

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. A VA loan is a mortgage partially backed by the U.S.

VA loan 440

VA loan Loans Mortgages Lending 440

Housing Wire

APRIL 11, 2024

By buying into Figure’s technology platform, lenders can “originate, pledge, and sell loans with DART’s monitoring service,” which is designed to facilitate the “progression of asset transfers within a secure technology infrastructure,” the company said. Synergy One Lending is the first partner to use the platform, Figure said.

Lending 311

Lending Technology Equity Loans 311

Housing Wire

FEBRUARY 13, 2024

offers conventional mortgage products as well as nonagency loans its through correspondent , wholesale and retail channels. Logan’s correspondent and wholesale channels focus on nonagency products such as debt-service-coverage ratio (DSCR), bank-statement, full-document jumbo and asset qualification loans. Logan Finance Corp.

Finance 394

Finance Lending Banks Loans 394

Housing Wire

FEBRUARY 27, 2024

of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. were conventional loans and 30.5%

FHA loan 406

FHA loan Loan Officer Loans Mortgages 406

Housing Wire

DECEMBER 1, 2023

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan.

FHA loan 416

FHA loan Loans Finance Mortgages 416

Housing Wire

NOVEMBER 1, 2023

27, total home loan applications fell 2.1% Purchase applications for government-backed loans declined significantly more than conventional loans. Purchase applications for government loans fell by 3% and refi applications for those loans fell by 9% week over week. For the week ending Oct. the week prior.

Mortgages 406

Mortgages VA loan FHA loan Loans 406

Housing Wire

APRIL 7, 2023

Shrinking wholesale lender Homepoint is closing its mortgage origination business and will sell its origination-focused assets to competitor The Loan Store , the company announced on Friday. Arizona-based The Loan Store, also a pure wholesale lender, will be led by Phil Shoemaker, Homepoint’s president of originations.

Loans 522

Loans Equity Investor Mortgages 522