Housing Wire

DECEMBER 3, 2023

“Strong equity cushions not only provide borrowers incentive to work with their servicers to return to making mortgage payments, they also open up other options, such as salvaging earned equity with a traditional home sale rather than going through foreclosure. for FHA loans and 44.5% for VA loans.

Equity 441

Equity VA loan FHA loan Mortgages 441

Housing Wire

MARCH 6, 2024

“Of note, purchase volume — particularly for FHA loans — was up strongly, again showing how sensitive the first-time homebuyer segment is to relatively small changes in the direction of rates.

Mortgages 432

Mortgages FHA loan Loans Residential 432

HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible.

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FHA loan Loans Pre-approval Pre-qualification 109

Housing Wire

JANUARY 3, 2024

The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months to come,” Kan added. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% from 15% the week prior.

Mortgages 446

Mortgages VA loan FHA loan Loans 446

Housing Wire

MARCH 26, 2024

Of these actions, 2.682 million have been permanent loan modifications and 3.519 million actions have been other forms of assistance that allowed troubled borrowers to stay in their homes. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan 466

VA loan FHA loan Short sale Loans 466

Housing Wire

NOVEMBER 22, 2023

The average loan size on a purchase application was $403,600, the lowest since January 2023. Joel Kan, MBA’s vice president and deputy chief economist, said this corroborates with other sources of home-sales data pointing to a rising share of first-time homebuyers entering the market. last week but remained subdued.

VA loan 466

VA loan FHA loan Mortgages Loans 466

Housing Wire

NOVEMBER 8, 2023

“Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%. of total applications. week over week.

VA loan 441

VA loan FHA loan Mortgages Loans 441

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.

FHA loan 384

FHA loan Mortgages Loan Officer VA loan 384

Eye on Housing

APRIL 26, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing report published by the U.S. Census Bureau reveals that the share of new home sales backed by FHA loans jumped from 8.4% Conventional loans financed. in the first quarter of 2023.

FHA loan 119

FHA loan Sales Finance Loans 119

Housing Wire

APRIL 3, 2024

The CHLA also raises concerns about preexisting biases that may impact borrowers using FHA financing, a bias they contend has been demonstrated in the past. The letter provides a series of prototype loan scenarios that could spin out of the settlement, illustrating CHLA’s arguments.

FHA loan 431

FHA loan Finance Loans Agents 431

Housing Wire

FEBRUARY 27, 2024

Gatling was previously a sales manager at loanDepot , where she spent almost seven years. of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. were conventional loans and 30.5% were FHA loans. NAF originated more than $9 billion in mortgages in 2023, per Modex.

FHA loan 421

FHA loan Loan Officer Loans Mortgages 421

Housing Wire

OCTOBER 25, 2023

The firm is a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers. The average of preapproved borrowers per loan officer fell by 11.6% The average of preapproved borrowers per loan officer fell by 11.6% The average down payment size was 14.5%

FHA loan 432

FHA loan Marketing Loan Officer Loans 432

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. To what extent builders will offer rate buy-downs to drive sales remains to be seen.

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FHA loan Bankruptcy Marketing Loans 450

Housing Wire

FEBRUARY 15, 2024

How much money a buyer receives depends on the program, with some offering a percentage based on the home’s sale price, while others cap assistance at a certain dollar amount. 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

SEPTEMBER 20, 2023

Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. The Federal Housing Administration loans’ share remained unchanged at 14.2%. Department of Veteran Affairs loans’ share decreased to 11% from 11.3% For the week that ended Sept.

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages FHA loan Loans 450

Realtor.com

AUGUST 1, 2018

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. An FHA loan—which allows the buyer to put down as little as 3.5%—sounded You can’t buy just any house with an FHA loan.

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FHA loan Loans Inspection Renovation 91

Housing Wire

AUGUST 24, 2023

The national median mortgage payment for FHA loan applicants was $1,854 in July, up from $1,824 in June and up from $1,461 in July 2022. The national median mortgage payment for conventional loan applicants was $2,197, down from $2,205 in June and up from $1,892 in July 2022. Median earnings were up 3.7%

Mortgages 370

Mortgages FHA loan Loans Sales 370

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

JUNE 26, 2023

at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said. The number of foreclosure starts increased 6% during Q1 to 19,809, while third-party and foreclosure sales rose 12% to 3,700.

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Housing Wire

DECEMBER 4, 2022

While still relatively low among conforming loans, the early payment default rate – which captures mortgages that have become delinquent within six months of origination – rose among FHA loans to reach its highest level since 2009, excluding the months in the immediate wake of the pandemic, the report said. .

Mortgages 384

Mortgages FHA loan Equity Loans 384

Housing Wire

JUNE 23, 2022

The national median mortgage payment for conventional loans was $1,960, down slightly from April’s $1,967, but significantly higher than a year ago, when it was $1,394 in May 2021. Federal Housing Administration (FHA) loan payments rose to $1,430 in May from the previous month’s $1,374. . The agency expects some 5.76

Mortgages 384

Mortgages FHA loan Principal Loans 384

Realtor.com

DECEMBER 6, 2022

Pgiam/iStock What is a “due on sale” clause in a mortgage contract? This common phrase, found in most conventional home loan paperwork, means that when a property is sold, the entire balance of the loan comes due. What is a ‘due on sale’ clause? Why do ‘due on sale’ clauses exist?

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FHA loan Sales Loans Mortgages 108

Housing Wire

DECEMBER 3, 2020

According to Sam Khater, Freddie Mac’s chief economist, despite these persistently low mortgage rates, home sales are facing significant challenges. While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase. on FHA loans through its Conquest Program.

Mortgages 504

Mortgages FHA loan Loans Finance 504

Housing Wire

NOVEMBER 17, 2021

He added that purchase applications increased for conventional and government loans, as demand shows resiliency in late fall when home buying activity typically slows. Stronger sales activity may continue in the weeks to come, shows the survey. VA loans consisted of 10.8%, increasing six basis points. Refi represented 62.9%

VA loan 421

VA loan FHA loan Investor Loans 421

Housing Wire

AUGUST 8, 2023

million in the previous quarter, “primarily driven by higher pull through weighted lock volume and gain on sale margin,” the company told investors. Purchase loans comprised 73% of the total. The gain-on-sale margin came in at 2.85% in the second quarter, better than the 2.26% registered in the previous quarter.

FHA loan 370

FHA loan Principal Lending Loans 370

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA). 2024 HECM limit On Jan.

Mortgages 420

Mortgages Loan Officer FHA loan Equity 420

Housing Wire

FEBRUARY 22, 2024

“If buyers set the compensation for their own brokers directly, some buyer brokers might choose to offer flat fees or hourly rates in lieu of percentage commissions, since the amount of time and effort required by a buyer broker has a weak correlation, if any, to the ultimate sales price of the house. down payment for an FHA loan.

Industrial 421

Industrial MLS FHA loan Agents 421

Housing Wire

DECEMBER 12, 2023

This phenomenon becomes clearly apparent when compared to existing home sales, for which these buydowns are very rare. As shown in the chart below, existing and new home sales for the 19 largest home builders had roughly the same note rates until January 2022. of the sales price, or one-third of the cost of a price cut (see table).

Debt-to-income ratio 421

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 421

Housing Wire

MARCH 25, 2021

You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. Yes, we’re talking about a bridge loan. Haven’t heard of them?

Loans 542

Loans VA loan FHA loan Finance 542

HomeLight

DECEMBER 8, 2023

” as a strategy to accelerate your home sale. Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan. Read on to unlock the possibilities that assumable mortgages could hold for your home sale.

VA loan 109

VA loan FHA loan Mortgages Loans 109

Eye on Housing

JANUARY 26, 2024

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% of new home sales in 2023—a 1.3 In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% in 2023.

VA loan 116

VA loan Sales Finance Loans 116

Housing Wire

AUGUST 15, 2022

The concern for Wells Fargo is that the bank would be responsible for any “reputational damage” when it finances large amounts of loans originated from other firms, Bloomberg said. In the second quarter, Pennymac’s gain-on-sale margin in the channel was just 30 basis points.).

Lending 370

Lending FHA loan Banks Finance 370

HomeLight

DECEMBER 5, 2023

Below, we break down the major types of home loans to clarify which are assumable and which are not, helping you understand your options in today’s market. This option can be a boon in a high-rate environment, but buyers still need to qualify under the FHA’s guidelines and gain approval from the lender.

FHA loan 108

FHA loan VA loan Mortgages Loans 108

Eye on Housing

OCTOBER 25, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash share of new home sales climbed substantially in the third quarter of 2023 while VA-backed sales share fell by nearly half. After declining each of the two prior quarters, Read More ›

Sales 122

Sales Finance FHA loan Loans 122

Housing Wire

MAY 5, 2022

It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam. lower than it was in March 2021.

Marketing 370

Marketing FHA loan Loans Sales 370

Housing Wire

MARCH 11, 2022

To get a better idea about how big a role H4P will play in Fairway’s plans, RMD sat down with its National Reverse Mortgage Director Harlan Accola and its National Reverse Sales Training Specialist Dan Hultquist to learn more about H4P’s importance to Fairway’s future plans. Diagnosing low H4P uptake. of all endorsements in 2021.

FHA loan 370

FHA loan Due diligence Loan Officer Loans 370

HomeLight

NOVEMBER 6, 2023

Here are some common types of mortgage loans and their assumability: 1. FHA loans Federal Housing Administration ( FHA ) loans are often assumable. This means that a qualified buyer can take over the existing FHA loan, subject to lender approval.

FHA loan 106

FHA loan VA loan Mortgages Marketing 106