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. for the week ending Jan. from 14.5%

Mortgages 500

Mortgages VA loan FHA loan Loans 500

Housing Wire

DECEMBER 3, 2023

Despite compressed volumes, cash-out refinance loans fueled what is left of the refinance market accounting for 92% of the third quarter activity. in October, also a series high, while the average among FHA and VA loans hit 45.5% for FHA loans and 44.5% Borrowers withdrew a record $104,000 on average. for VA loans.

Equity 441

Equity VA loan FHA loan Mortgages 441

Housing Wire

NOVEMBER 13, 2023

Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over two decades, according to Optimal Blue’ s originations market monitor report. Refinance-dollar volume declined, with cash-outs falling 3% and rate-and-term refinances down 6%. month over month. in September.

Mortgages 430

Mortgages VA loan Loans Investor 430

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. Purchase applications increased by 11% from one week earlier on a seasonally adjusted basis, while refinance applications rose by 8% in the same period.

Mortgages 432

Mortgages FHA loan Loans Residential 432

Housing Wire

FEBRUARY 28, 2024

Higher rates in recent weeks have stalled activity, and last week it dropped more for those seeking FHA and VA refinances,” Mike Fratantoni, MBA’s senior vice president and chief economist, said in a statement. The Federal Housing Administration (FHA) share of total applications decreased to 13% last week, down from 13.2%

Mortgages 434

Mortgages Fixed-rate mortgage Loans Residential 434

The Mortgage Report

DECEMBER 8, 2020

The FHA Streamline Refinance can be a great way to lower your interest rate and monthly payment. But only if you refinance with care. Here's what to do.

Marketing 124

Marketing Mortgages 124

Housing Wire

DECEMBER 8, 2021

The increase was mainly driven by the refinance index up 9% from the previous week on a seasonally adjusted basis. Meanwhile, the rate for mortgages backed by the Federal Housing Administration ( FHA ) fell to 3.35% from 3.42%. . Refinance apps fell 36.5% Refinances represented 63.9% Meanwhile, FHA loans went from 8.9%

FHA loan 441

FHA loan Mortgages VA loan Fixed-rate mortgage 441

Housing Wire

DECEMBER 12, 2023

Jumbo rates fell 34 bps to 7.61%, FHA dropped 54 bps to 6.90%, and VA dropped 61 bps to 6.79%. The recent decline in rates incentivized borrowers who took out loans over the last few months to refinance – driving up refi volume by 2% month over month to reach its highest level since February.

Mortgages 441

Mortgages Loans Marketing 441

Housing Wire

DECEMBER 20, 2023

VA refinance applications jumped 18% for the week, but otherwise, both refinance and purchase applications showed small declines.” Meanwhile, refinance applications decreased by 2% on a weekly basis. The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1%

Mortgages 450

Mortgages VA loan FHA loan Loans 450

Housing Wire

NOVEMBER 30, 2023

Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. In 2022, HousingWire reported that the FHA was looking to revamp the 203(k) program to address the current affordability crisis by boosting the supply of homes.

Inspection 450

Inspection Finance Renovation Loans 450

Housing Wire

FEBRUARY 21, 2024

Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim. Gordon also announced that the FHA is extending the current temporary waterfall into 2025.

Principal 431

Principal Loans Mortgages Renovation 431

The Mortgage Report

SEPTEMBER 3, 2020

The FHA cash out refinance is available to more homeowners thanks to lenient guidelines. Pay off debt, or get cash for any reason with this program.

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Housing Wire

FEBRUARY 7, 2024

2 on a seasonally adjusted basis, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. “​​Rates at these levels have not prompted much of a reaction in the refinance market, as most homeowners have mortgages with much lower rates,” Joel Kan , MBA’s vice president and deputy chief economist, said in a statement.

Mortgages 473

Mortgages Fixed-rate mortgage Loans Residential 473

Housing Wire

FEBRUARY 14, 2024

Refinance applications declined and remained depressed, with rates still higher than a year ago.” Purchase applications decreased by 3% from one week earlier on a seasonally adjusted basis, while refinance applications fell by 2% in the same period. Last week, refis comprised 34.2% of all applications, down from 35.4% the week prior.

Mortgages 410

Mortgages Fixed-rate mortgage Loans Residential 410

Housing Wire

FEBRUARY 21, 2024

“Mortgage applications dropped [as a result] with a larger decline in refinance applications,” Fratantoni said in a statement. Purchase applications decreased by 10% from one week earlier on a seasonally adjusted basis, while refinance applications fell by 11% in the same period. last week, down from 13.4% the week prior.

Mortgages 441

Mortgages Fixed-rate mortgage Loans Residential 441

Housing Wire

OCTOBER 18, 2023

Both purchase and refinance applications declined driven by larger drops for conventional applications,” Joel Kan, MBA’s vice president and deputy chief economist, detailed. Additionally, refinance activity was at its lowest level since early 2023, with its share decreasing to 30.5% Mortgage applications decreased 6.9% from 14.4%

Mortgages 458

Mortgages VA loan FHA loan Loans 458

Housing Wire

NOVEMBER 15, 2023

Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a year. Purchase applications rose 3% week over week while refinance applications inched up by 2% over the same time period. Total home loan applications increased 2.8% the previous week.

VA loan 441

VA loan FHA loan Mortgages Loans 441

Housing Wire

MARCH 26, 2024

This brought the total to 6.905 million since the start of the GSE conservatorships in September 2008, the FHFA foreclosure prevention and refinance report showed. By comparison, the serious delinquency rate for Federal Housing Administration ( FHA ) loans was 3.42% in Q4 2023. The rate for U.S.

VA loan 466

VA loan FHA loan Short sale 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 Refinance applications inched up by 2% from the previous week and fell 7% from the same time period in 2022. For the week ending Nov.

VA loan 441

VA loan FHA loan Mortgages Loans 441

Housing Wire

FEBRUARY 12, 2024

Cash-out and rate-and-term refinance volumes rose 30% and 20%, respectively. Meanwhile, rates for Federal Housing Administration (FHA) and U.S. Government-backed loan products posted a setback in market shares in January, with the FHA share dropping to 20.7% of total volume. Nonconforming products also rose to comprise 9.7%

VA loan 409

VA loan Marketing Loans Mortgages 409

Housing Wire

NOVEMBER 1, 2023

“The impact of higher rates continued to be felt across both purchase and refinance markets,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. Meanwhile, refinance applications fell 4% from the previous week and 12% from the same time period in 2022, hitting their lowest level since January 2023.

Mortgages 421

Mortgages VA loan FHA loan Loans 421

Housing Wire

MARCH 21, 2024

Breaking things down While HECM case numbers as measured by the Federal Housing Administration (FHA) have been lagging in recent months, the total share rose in January by nearly 30% to 2,923 endorsements. So-called “equity takeout” cases — endorsements that are neither refinances nor purchases — also rose by 23.5% to 374,” RMI said.

Mortgages 429

Mortgages Loans Equity Principal 429

Housing Wire

NOVEMBER 4, 2020

The refinance wave showed no signs of stopping as refinance activity gained 6% from the previous week – up 88% higher than the same week last year. The drop in rates spurred an uptick in demand for refinances,” Kan said. The post Refinance wave boosts mortgage applications 3.8% of total applications. from 11.7%.

Fixed-rate mortgage 508

Fixed-rate mortgage Mortgages FHA loan Loans 508

Housing Wire

OCTOBER 4, 2023

Meanwhile, refinance applications slumped 7% from the previous week and were 11% lower than the same time a year ago. Meanwhile, the refinance share of mortgage activity decreased to 31.7% The share of Federal Housing Administration (FHA) loan activity inched up to 14.5% of total applications from 31.9% the previous week.

Mortgages 485

Mortgages VA loan FHA loan Loans 485

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% But since the cost of borrowing has skyrocketed due to the Fed rate hikes , there are far few homeowners willing to give up their sub 4% mortgage and refinance into a mortgage that’s at least 300 basis points higher.

Mortgages 479

Mortgages FHA loan Equity Loans 479

Housing Wire

NOVEMBER 29, 2023

Similarly, refinance activity will likely be muted for some time, even with the recent decline in rates, as many borrowers locked in much lower rates in 2020 and 2021.” Meanwhile, refinance activity slumped, decreasing 9% from the previous week. The refinance share of mortgage activity fell to 30.6% the previous week.

Mortgages 431

Mortgages VA loan FHA loan Loans 431

Housing Wire

SEPTEMBER 21, 2020

Mortgage origination volume this year is on track to be the highest in more than 15 years, led by a strong wave of refinances. 2003 was the last time refinance activity was as high as the $1.75 This time around, homeowners who have been able to keep their jobs through this emergency should be able to qualify for a refinance.

FHA loan 542

FHA loan Loans VA loan Mortgages 542

The Mortgage Report

NOVEMBER 13, 2020

See the pros and cons of conventional vs. VA vs. FHA refinancing. Compare refinance rates and learn about cash-out options.

Loans 116

Loans Mortgages 116

Housing Wire

OCTOBER 13, 2021

. “An increase in home purchase applications offset a slight decline in refinances,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. The refinance index decreased 1% from the previous week and was 16% lower than the same week one year ago. “The from 64.5% the prior week. from 10.5%

Mortgages 421

Mortgages Fixed-rate mortgage Loans Industrial 421

Housing Wire

OCTOBER 12, 2023

September’s rate-lock decline continues a four-month trend of falling mortgage volumes, with month-over-month purchase locks down 20%, cash-outs down 17% and rate/term refinances down 18% in September. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

VA loan 432

VA loan Mortgages FHA loan Loans 432

Housing Wire

JANUARY 17, 2024

Loan types According to Kan, purchase and refinance applications were up last week compared to a holiday-adjusted week. The Federal Housing Administration’s (FHA) share of total applications decreased to 14.3% Rates for jumbo loans were at 7.23%, down from 7.27% in the same period. last week from 14.4% the week prior. from 16.3%

Mortgages 473

Mortgages Fixed-rate mortgage Loans Residential 473

Housing Wire

NOVEMBER 22, 2023

Meanwhile, refinance applications rose slightly by 1.6% The share of Federal Housing Administratio n (FHA) loan activity increased to 14.8% last week but remained subdued. The adjustable-rate mortgage (ARM) share of activity fell to 8.3% of total applications, down from 8.8% the previous week. of all applications, down from 14.4%

VA loan 466

VA loan FHA loan Mortgages Loans 466

Housing Wire

DECEMBER 23, 2020

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. Last week’s increase in refinance applications was driven by FHA and VA activity, while conventional refinances saw a slight decline.” Mortgage applications jumped 0.8%

Fixed-rate mortgage 538

Fixed-rate mortgage Mortgages FHA loan Loans 538

Housing Wire

SEPTEMBER 10, 2023

Interestingly, we saw very slight upticks in both cash-out and rate/term refinance locks in August,” Andy Walden, VP of enterprise research for Black Knight, said in a statement. The average score for a conforming loan edged lower by 1 point to 753, while FHA increased 2 points to 671 and VA remained steady at 712.

Marketing 473

Marketing Loans Mortgages Closing 473

Housing Wire

DECEMBER 2, 2020

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday. The Conquest FHA announcement is the latest in a series of UWM product launches in 2020.

FHA loan 479

FHA loan Loans Mortgages Loan Officer 479

Housing Wire

DECEMBER 3, 2020

on FHA loans through its Conquest Program. Those rates will be available on FHA purchase mortgages, FHA rate and term refinances, and FHA streamline refinances, but not all borrowers will qualify for the products. million “high quality” candidates up for refinance savings eligibility.

Mortgages 504

Mortgages FHA loan Loans Finance 504

Housing Wire

JULY 21, 2023

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute. If this change were made, the FHA program would join the other government-insured programs offered by the U.S.

FHA loan 369

FHA loan Loans Mortgages Sales 369