2020 va-loans-surge-pandemic 
Housing Wire
APRIL 7, 2022
“Credit availability has gradually trended higher since mid-2021 but remains around 30% tighter than it was in early 2020.” ” While the Conventional MCAI, which does not include loans backed by the government, rose 0.3%, the Government MCAI, which examines FHA, VA, and USDA loan programs, fell by 1.6%.
Housing Wire
FEBRUARY 20, 2024
The impact of the pandemic and an unprecedented refinance boom followed in short order by the highest interest rates seen in decades cannot be overstated. The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). That tactic won’t succeed today.
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Housing Wire
MARCH 30, 2023
housing market would crash during the pandemic. Even though housing data recovered by May 2020, people didn’t want to believe the data and assumed housing was going to fall more, especially with forbearance on the horizon. has no more exotic loan debt structures, we don’t have large-scale risk tied to homeowners and banks.
Housing Wire
NOVEMBER 18, 2020
In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. Appraisers are adapting by utilizing temporary flexibilities put in place by the GSEs, FHA and VA lenders. ST: We have seen record demand.
RISMedia
AUGUST 31, 2020
VA loans are having a record 2020. According to mortgage lender Veterans United Home Loans, the VA loan program backed more than 865,000 loans so far this year. The post Report: VA Loans Surge Amidst Pandemic appeared first on RISMedia's Housecall.
Redfin
DECEMBER 15, 2023
In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic. The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%. What is a mortgage refinance?
Redfin
DECEMBER 7, 2020
Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic . At the peak of the foreclosure crisis in 2010, the national average loan-to-value ratio was 94%, meaning the average homeowner owed her lender nearly as much (94%) as the value of her home.
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