Keeping Current Matters

NOVEMBER 11, 2021

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. 2020 Data on VA Home Loans.

VA loan 252

VA loan Loans Mortgages As-is 252

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Typically, the fees are lower than those for new loans and no appraisal is needed. Raunaq Singh About $8.5

VA loan 410

VA loan Mortgages Loans Agents 410

Housing Wire

APRIL 16, 2024

Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth. Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. from March 2023, according to the Mortgage Bankers Association ’s (MBA) Builder Application Survey. Applications were up 6.2%

VA loan 373

VA loan FHA loan New Construction Loans 373

Housing Wire

DECEMBER 13, 2023

mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. The initiative includes three new exclusive rates – 5.749% paying 1.5

Loans 383

Loans VA loan FHA loan Mortgages 383

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 452

VA loan Agents Seller concession FHA loan 452

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 404

Lending Mortgages VA loan Finance 404

Housing Wire

NOVEMBER 16, 2020

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. But choosing the right mortgage product can be difficult — especially if you’ve never bought a home before. Are you confused about your mortgage options? Here are your choices: FHA mortgages.

VA loan 485

VA loan FHA loan Mortgages Loans 485

HomeLight

NOVEMBER 29, 2023

In today’s high-interest mortgage market, finding affordable homebuying solutions is more crucial than ever. If you’re eyeing a property with a VA loan attached, you might be wondering about the potential of assuming the loan to benefit from a lower interest rate.

VA loan 99

VA loan Loans Mortgages Agents 99

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

Fixed-rate mortgage 416

Fixed-rate mortgage Mortgages VA loan Loans 416

Housing Wire

SEPTEMBER 1, 2020

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. and Hypotec Inc., and Hypotec Inc., and Prime Choice Funding, Inc. ,

VA loan 426

VA loan Mortgages Loans Principal 426

Housing Wire

MARCH 29, 2022

Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. The top 10 VA lenders by volume in 2021: Freedom Mortgage Corp. Fairway Independent Mortgage , which originated $5.6

VA loan 313

VA loan FHA loan Loans Banks 313

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% the prior week, and the VA loan share dropped to 10.2% from 11.3%

Fixed-rate mortgage 426

Fixed-rate mortgage Mortgages VA loan Loans 426

Housing Wire

JULY 19, 2022

New home purchase applications dropped 12% year over year in June due to higher mortgage rates and economic uncertainty, according to the builder application survey from the Mortgage Bankers Association (MBA). Conventional loans accounted for 73.7% of loan applications.

Mortgages 360

Mortgages VA loan FHA loan Loans 360

Housing Wire

SEPTEMBER 20, 2022

New home purchase applications in August were down year over year but rebounded after four consecutive months of declines despite higher mortgage rates, declining homebuilder sentiment and looming economic uncertainty, the Mortgage Bankers Association (MBA) said. Conventional loans accounted for 72.1% from a year ago.

Sales 335

Sales Mortgages VA loan FHA loan 335

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. “The 30-year fixed rate increased to 5.4% The refinance share of mortgage activity rose to 32.2% The post Mortgage apps decline 6.5% from 10.8%

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages VA loan Loans 397

Real Trends

DECEMBER 14, 2022

For many homebuyers and housing industry professionals, there are lots of myths and misunderstandings about the VA loan and lending process. Vetted VA seeks to change that narrative. Learning the ropes of VA loans. Vetted VA also moderates a Facebook group: Vetted VA for Professionals. said Griffith.

VA loan 103

VA loan Loans Lending Loan Officer 103

Housing Wire

MAY 4, 2022

Individuals across the country chasing the American dream of homeownership helped to push mortgage-application volume up by 2.5% from the prior week, fueled by increased conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) loan-application volume. The seasonally adjusted purchase index rose 4.1%

Fixed-rate mortgage 366

Fixed-rate mortgage Mortgages VA loan Loans 366

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. Somebody has a problem once and then that story just spread.

VA loan 388

VA loan Agents Pre-approval Debt-to-income ratio 388

Housing Wire

JUNE 26, 2023

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions during the first quarter of 2023, raising the total number of homeowners who have been helped to 6,771,101 since the start of conservatorships in September 2008. The serious delinquency rate also decreased to 0.6%

VA loan 341

VA loan FHA loan Fixed-rate mortgage Principal 341

Housing Wire

MAY 3, 2023

30-year fixed mortgage rates declined slightly last week, the first rate drop in three weeks, but it wasn’t enough to boost mortgage demand. Mortgage applications fell last week by 1.2% The 30-year fixed rate decreased five basis points to 6.5% last week from 12.6% the week prior. from 11.2%

Mortgages 378

Mortgages Fixed-rate mortgage Banks Lending 378

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. Mortgage applications for new home purchases dropped 10.6% in April from the same period last year, according to the Mortgage Bankers Association builder application survey. of loan applications.

VA loan 430

VA loan FHA loan Construction Loans 430

Housing Wire

JANUARY 5, 2021

But the truth is, your down payment depends on your lender, credit score and the type of mortgage you qualify for. For example, some loans require as little as 3% down. . A down payment is the money you pay upfront when applying for a mortgage to buy a home. For most mortgages, lenders require a down payment.

FHA loan 546

FHA loan VA loan Loans Mortgages 546

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8%

Mortgages 359

Mortgages Fixed-rate mortgage Marketing Loans 359

Housing Wire

SEPTEMBER 4, 2020

The Consumer Financial Protection Bureau issued a consent order against mortgage broker and lender Accelerate Mortgage on Wednesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs.

VA loan 375

VA loan Loans Lending Mortgages 375

Realty Biz

APRIL 24, 2021

A VA Loan Certificate of Eligibility is your proof of service, and it shows that you’re qualified to receive your VA loan benefits. You may be eligible for a VA mortgage if you have served or are currently serving in the military. What is the VA Loan Certificate of Eligibility?

VA loan 109

VA loan Loans Pre-qualification Loan Officer 109

Housing Wire

OCTOBER 2, 2020

After six weeks of steady declines, the number of mortgages in active forbearance rose by 21,000 last week, according to a new report. Though the raw number increased, the number of all mortgages in active forbearance remained at 6.8%, unchanged from the week prior , Black Knight said in a report on Friday. As of Sept. from 11.1%.

Loans 467

Loans VA loan Principal Mortgages 467

Housing Wire

OCTOBER 16, 2023

New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program. million homeowners with purchase mortgages, and 83.6 New HUD, FHA policies The U.S.

Land 458

Land Design Construction Loans 458

Housing Wire

DECEMBER 4, 2023

As leaders of a non-profit, the Association of Independent Mortgage Experts ( AIME ), we advocate for over 65,000 wholesale mortgage brokers and homebuyers nationwide. Below, we shed light on the potential unintended consequences to mortgages and specific consumer groups should buyers be compelled to cover their agent’s commissions.

Mortgages 418

Mortgages Closing costs Agents Finance 418

Housing Wire

MARCH 3, 2022

The Department of Veterans Affairs is giving borrowers impacted by the pandemic an additional fifteen months to get loan payment relief. A VA spokesperson said in a statement that the department remains committed to assisting veterans who experience financial hardship. Presented by: ACES. Meanwhile, as of Jan.

VA loan 329

VA loan Pre-approval Principal Loans 329

Realty Biz

SEPTEMBER 24, 2022

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan.

VA loan 65

VA loan Loans FHA loan Mortgages 65

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgages 384

Mortgages Loans Lending Construction 384

HomeLight

DECEMBER 12, 2023

In today’s high-interest mortgage landscape, the idea of assuming a mortgage from a family member can be an appealing path to home ownership. This guide breaks down what it means to step into a family member’s mortgage shoes and purchase their home. Get Started What does it mean to assume a mortgage?

VA loan 103

VA loan Mortgages Purchase and sale agreement FHA loan 103

HomeLight

DECEMBER 12, 2023

Whether planned or unexpected, life changes may have you pondering, “Can you transfer a mortgage to another person?” ” It’s a relevant question, especially in times when mortgage interest rates and home prices are high. Get Started What does it mean to transfer a mortgage?

VA loan 108

VA loan FHA loan Mortgages Loans 108

HomeLight

APRIL 30, 2024

When you’re considering buying a home, one option might be to assume the seller’s mortgage instead of obtaining a new loan. This post provides expert insights into the tax implications of assuming a mortgage. What does it mean to assume a mortgage? Are all mortgage loans assumable?

Purchase and sale agreement 74

Purchase and sale agreement Mortgages VA loan Loans 74

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

MLS 431

MLS Loans Closing costs Industrial 431

HomeLight

DECEMBER 5, 2023

In today’s high-interest-rate environment, finding an affordable path to homeownership can feel like walking a financial tightrope. If you’re balancing your options, you might be asking, “Are all mortgages assumable?” Get Started What is an assumable mortgage? Are all mortgages assumable?

FHA loan 100

FHA loan VA loan Mortgages Loans 100

Housing Wire

JULY 12, 2022

In a few months, the loss mitigation measures that have kept close to 100,000 veterans from foreclosure during COVID-19 will end. Decisions of policymakers at the Department of Veterans Affairs will determine what happens to those borrowers. The VA also faces challenges unrelated to the pandemic. How is the VA addressing this?

VA loan 347

VA loan Loans Industrial As-is 347