Housing Wire

MARCH 25, 2024

The current VA rule states that a borrower using a VA loan cannot pay fees or commissions to a real estate agent unless determined “by the Under Secretary for Benefits as appropriate for inclusion. as proper local variances, under current VA regulations.“ “We

Agents 436

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Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 367

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Housing Wire

MAY 2, 2024

7 loan officer in the country last year with a mortgage production volume of $326.5 His portfolio is concentrated on purchase loans (98% of the total volume in 2023) for first-time homebuyers. . “The transition just became along the lines of the team’s ability to have a product suite and technology.”

Loan Officer 405

Loan Officer Mortgages VA loan Lending 405

Lab Coat Agents

MAY 21, 2024

Understanding Assumable Mortgages Before diving into the recent changes in approval timelines, let’s first establish a clear understanding of what an assumable mortgage is and how it differs from traditional home loans. Types of Assumable Mortgages There are three primary types of assumable mortgages: VA Loans: Backed by the U.S.

VA loan 98

VA loan Mortgages Loans FHA loan 98

Housing Wire

APRIL 11, 2024

During the hour-long episode, they discussed everything from Sears’ reaction to assuming the role of president, his first three months on the job, NAR’s commission lawsuit settlement agreement , and changes he is working to enact within NAR and across the broader real estate industry.

VA loan 396

VA loan As-is Loans Development 396

Housing Wire

JANUARY 5, 2021

For example, some loans require as little as 3% down. . Conventional loans aren’t insured by the government but are backed by private lenders. These loans are some of the most common because prospective homebuyers can put down as little as 3%. FHA loans are backed by the Federal Housing Administration. 0% down payments.

FHA loan 546

FHA loan VA loan Loans Mortgages 546

Housing Wire

MARCH 28, 2024

Now we are hiring seasoned purchase loan officers with experience in nurturing customers in a higher rate environment,” Garg said. “We Further, the seasoned loan officers are providing an increased level of service to consumers that enable us to improve revenue for loans while remaining market competitive.”

Loan Officer 400

Loan Officer VA loan Loans Technology 400

HomeLight

DECEMBER 29, 2023

Looking to sell a house “as is” in Missouri? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. It’s a seller’s market, and they strongly prefer an “as is” sale,” she adds. Is a real estate attorney required? Real estate transfer taxes?

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As-is Inspection Finance Investor 100

Housing Wire

AUGUST 22, 2022

By product type, conventional loans composed 70.7% of loan applications, FHA loans composed 17.7%, RHS/USDA loans composed 0.2% and VA loans composed 11.4%. The average loan size of new homes decreased from $423,221 in June to $416,029 in July. Department of Housing and Urban Development.

VA loan 370

VA loan FHA loan New Construction Loans 370

Housing Wire

MAY 19, 2022

Department of Housing and Urban Development. Over half of the applications were for loan amounts greater than $400,000, the MBA said. Conventional loans accounted for 76.7% of loan applications. Federal Housing Administration (FHA) loans composed 13.1%, Veterans Affairs (VA) loans took up 10.1%

VA loan 427

VA loan FHA loan Construction Loans 427

Housing Wire

JUNE 17, 2021

By product type, conventional loans made up 743.9% of loan applications, FHA loans composed 14.8%, RHS/USDA loans cam in around 0.9% and VA loans provided 10.4%. Roughly 54% of homes sold in America during May closed at over listing price , according to data from Redfin, a record.

Sales 497

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Housing Wire

OCTOBER 19, 2022

Large IMBs with portfolio holdings or a non-qualified mortgage (non-QM) loan focus have more risk than smaller IMBs, concluded the CHLA’s latest report, which was issued Wednesday. IMBs’ highest priority is to reduce and align expenses with shrinking loan volume and reduced profit margins.

VA loan 386

VA loan FHA loan Fixed-rate mortgage Banks 386

Housing Wire

MARCH 21, 2022

Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. RESPA does not apply when the loan is paid off & a permanent new mortgage is started. Loan for vacant land.

Agents 324

Agents VA loan Land Construction 324

HomeLight

MAY 23, 2022

Looking to sell a house “as is” in North Carolina? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Top-rated North Carolina real estate agent Ashley Schaus had a listing recently that was in really rough shape. Sell 'As Is' With a Cash Offer.

As-is 96

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Real Trends

SEPTEMBER 15, 2023

These loans have lower down payment requirements and more forgiving credit requirements. Requirements for these loans are typically: -Two years of stable employment, ideally at the same job. Ask your professional loan originator for the details and refer your clients to someone who specializes in these programs.

VA loan 82

VA loan Loans Mortgages Closing costs 82

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

FHA loan 378

FHA loan Mortgages Loan Officer VA loan 378

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

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FHA loan Debt-to-income ratio Pre-approval VA loan 368

Housing Wire

MARCH 29, 2022

Chasing down missing pages can require several days of back-and-forth correspondence between processors and borrowers, extending loan cycle times and frustrating borrowers. Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), U.S.

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Housing Wire

JULY 12, 2022

The VA also faces challenges unrelated to the pandemic. The perception of VA loans as risky and logistically complicated — even if an outdated view — continues to impact the competitiveness of the borrowers it serves. But the VA is hoping to change that. How is the VA addressing this?

VA loan 358

VA loan Loans Industrial As-is 358

Housing Wire

AUGUST 7, 2023

Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market. Credit and loan-to-value ratios are fairly easy to determine for most people, but evaluating income is where judgment is sometimes involved.

Closing 361

Closing Fixed-rate mortgage Debt-to-income ratio Lending 361

Housing Wire

OCTOBER 16, 2023

USDA, CFPB initiatives USDA is also awarding $9 million to nine Native American Community Development Institutions (NCDIs) as a part of its efforts to “increase access to homeownership for Native Americans on Tribal Lands through a relending demonstration program,” the White House said. New HUD, FHA policies The U.S. New data The U.S.

Land 454

Land Design Construction Loans 454

HomeLight

MAY 28, 2021

You think it’s almost too good to be true when you see one crucial caveat: It’s selling “as-is.” Red flags pop immediately into your head; you assume that can only be a nightmare. But, while it’s true some as-is homes require work only a contractor would dream of taking on, there can be more to these properties than meets the eyes.

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As-is Inspection Title search Inspection contingency 77

Housing Wire

SEPTEMBER 16, 2021

It is important to note that in MBA’s NDS, loans are marked as delinquent if payments are not made in accordance with the terms of the mortgage. Thus, even if loans are in forbearance, if the borrower does not make a payment, the loan is counted as delinquent. by the end of 2021, and likely dropping below 4% by the end of 2022.

Mortgages 481

Mortgages Loans VA loan Investor 481

Lab Coat Agents

FEBRUARY 7, 2023

Types Of Mortgage Loans Several types of mortgage loans are available to borrowers, and the type that is best for you will depend on your circumstances. The most common types of mortgages are: 30-year fixed-rate mortgage: With this type of loan, the interest rate remains fixed for the entire term, typically 30 years.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

McKissock

FEBRUARY 13, 2023

What’s going on with the VA? McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. Sign up now.

VA loan 85

VA loan Principal Development Title 85

Point2Homes

MAY 21, 2021

Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. For example, affording a large down payment is a challenge for many first-time buyers, but FHA loans allow you to initiate a mortgage with only 3.5% USDA Loans. Fannie Mae & Freddie Mac.

Loans 144

Loans VA loan FHA loan Renovation 144

Housing Wire

SEPTEMBER 12, 2023

Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM. The fate of the specialist when the market shifts The independent mortgage banks most of us think of when someone mentions IMBs originated as a result of the Savings and Loan Crisis of the 1980s.

Banks 380

Banks Mortgages Loans Investor 380

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

JUNE 30, 2023

According to the company’s statement, “The relevant loans, some dating back 15 years, make up less than a half percent of our total federal loans originated during this time frame. . In a statement, Movement said, “The U.S. FHA is part of the HUD. Attorney’s office. million and Guild Mortgage in October 2020 for $24.9

Loans 380

Loans Mortgages Land Development 380

RIS Media

MARCH 31, 2022

Today, fair lending is the law, and the VA Home Loan Guaranty program is a vital homeownership tool offering all qualified veterans a centralized, affordable and accessible method of purchasing homes as a benefit for their service. million loans were procured in 2021. Limited closing costs. Barriers to Veteran Homeownership.

VA loan 98

VA loan Loans Closing costs Lending 98

Realtor.com

DECEMBER 20, 2021

Real estate agents don’t typically deal with the loan process. “The best advice that I could give is to get a couple of recommendations for loan officers in your area,” says Nathan Perkins Jr. , for an FHA loan. to 1% of your loan amount each year. Loans with no money down.

Pre-approval 137

Pre-approval Loans Loan Officer VA loan 137

Realtor.com

JANUARY 11, 2023

These promotions—meant to attract buyers to a certain development project—frequently come in the form of financing help, and this is what can make a new-construction home purchase workable for a first-time buyer. Another benefit of working with a builder’s lender is that the lender is usually well-versed in FHA and VA loan options.

New Construction 110

New Construction Construction VA loan Finance 110

McKissock

FEBRUARY 13, 2023

What’s going on with the VA? McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. View Pro-Series webinars.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

OCTOBER 24, 2022

The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Prestwick is marketing four separate deals, two in partnership with MCT, valued in total at $2 billion — which together also feature MSRs for single-family residential loan pools from all three agencies.

Principal 285

Principal Banks Loans Mortgages 285

McKissock

JULY 30, 2021

Learn the de minimus threshold for commercial, residential, and business loans as well as the various other available appraisal exemptions. This job aid clarifies the frequent misunderstanding that FHA and VA loans as well as loans sold to Freddie Mac and Fannie Mae are not Federally Related Transactions.

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VA loan Residential Construction MLS 98

Louisville Homes

MAY 3, 2021

You have to meet certain requirements to qualify for a HomeReady Program: Income must be lower than 80% of your county’s income Debt-to-income (DTI) ratio < 45% Loan limits set by Fannie Mae A minimum credit score of 620 Homeownership education course. Requirements for VA Loans: Eligible Veteran – Certificate of Eligibility (COE).

FHA loan 52

FHA loan VA loan Loans Finance 52

Realty Biz

JANUARY 11, 2023

Luckily, there are various loans available, each with different down payment requirements. These loans make it easier for people to purchase homes, leaving renting behind. There are programs where you can put ZERO down if they are using a program like a VA loan or down payment assistance loan. Conventional 97 Loan.

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FHA loan VA loan Closing costs Loans 81