Housing Wire

JUNE 9, 2025

Unlike the pre-2008 era, stricter lending standards and robust regulations have kept mortgage delinquency rates low, significantly lowering the odds of a catastrophic collapse. in 2022 – while auto loans delinquencies hit 2.0%, and student loan delinquencies (90+ days past due) soared to 20%, a level unseen since 2012.

Marketing 445

Marketing Debt-to-income ratio Fixed-rate mortgage Loans 445

Housing Wire

AUGUST 15, 2022

In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo , the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. Servicing rights is treated as an asset by banks that generates revenue.

Lending 370

Lending FHA loan Banks Finance 370

Housing Wire

DECEMBER 4, 2024

Purchase loan activity drove total applications higher last week, which included an adjustment for the Thanksgiving holiday. In 2025, jumbo loans will increase to a minimum size of $806,501 — a 5.2% But government loans trended slightly upward. Federal Housing Administration (FHA) loans remained at 16% of all applications.

Mortgages 386

Mortgages VA loan FHA loan Loans 386

Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. “Since government loans tend to have lower interest rates and easier qualifications than conventional loans, the increase is exacerbated with these programs.

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Loan Officer Loans VA loan FHA loan 311

Housing Wire

OCTOBER 30, 2023

loanDepot has rolled out a new down payment assistance program for Federal Housing Administration (FHA) loan borrowers that enables them to put zero money down upfront. The program is available nationwide through the retail channel for first-time and repeat homebuyers applying for FHA 30-year, fixed-rate purchase loans.

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FHA loan Loans Lending Finance 477

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. Certainly, devote resources to expanding your refi capacity, but also devote smaller teams to tougher loan types — first-time homebuyers, for example.

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Lending Loan Officer Branding Loans 436

Housing Wire

JUNE 11, 2024

In practice, the direct endorsement authority allows lenders to underwrite single-family mortgages and submit them to FHA for insurance endorsement. Open Mortgage’s termination is based on the “poor performance” of these loans, HUD stated. Cases in the early stages may be transferred to other lenders with an FHA approval.

FHA loan 455

FHA loan Mortgages Loan Officer Loans 455

Housing Wire

DECEMBER 23, 2024

The coalition includes the American Bankers Association , Center for Responsible Lending , Housing Policy Council , Mortgage Bankers Association, National Consumer Law Center and National Mortgage Servicing Association.

Mortgages 386

Mortgages Lending Loans As-is 386

Housing Wire

MARCH 25, 2021

Do I need to pay off my student loans before buying my first home? What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans. For example, a conventional loan lets you put as little as 3% down.

Debt-to-income ratio 503

Debt-to-income ratio Loans FHA loan Finance 503

Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. for FHA loans and 44.5% for VA loans.

Equity 446

Equity VA loan FHA loan Mortgages 446

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. Indeed, one West Coast LO told HousingWire that he quoted a borrower a 5.75% rate on a 30-year FHA loan for a $500,000 Southern California home purchase.

Mortgages 507

Mortgages FHA loan Loans Loan Officer 507

Housing Wire

OCTOBER 9, 2024

“Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” MBA data showed that government lending continues to represent a steady share of the mortgage market. of new applications.

VA loan 435

VA loan Mortgages FHA loan Loans 435

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

FHA loan 370

FHA loan Loan Officer Loans Mortgages 370

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 386

FHA loan Mortgages Loan Officer VA loan 386

Housing Wire

SEPTEMBER 27, 2022

” The latest layoff announcement from the country’s second-largest lender comes amid faltering home lending business. Home lending revenue dropped to $972 million in the second quarter, a sequential drop from the previous quarter’s $1.5 billion in revenue from home lending. As the U.S.

FHA loan 386

FHA loan Lending Banks Finance 386

Housing Wire

APRIL 10, 2023

After four years of Congress hiking Veterans Administration (VA) so-called “Bluewater Navy” mortgage loan fees as an offset to pay for other critical veterans’ benefits, Congress has finally let those excessive VA mortgage loan fees expire. Mortgage loan fees should not be higher than needed to safely run government-backed lending.

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Loans FHA loan Mortgages VA loan 400

Housing Wire

SEPTEMBER 21, 2021

Meanwhile, lenders can electronically submit, track and manage single-family property appraisals, the FHA said. The announcement comes after more than a year’s worth of efforts by the FHA to streamline and modernize their FHA loan origination and claims process. Learn more here! Presented by: iEmergent.

FHA loan 455

FHA loan Lending Technology Equity 455

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. LOs are only human — Tech is necessary to keep up with max loan volumes. It did not admit to any wrongdoing.

Mortgages 494

Mortgages FHA loan Lending Loans 494

Housing Wire

NOVEMBER 29, 2023

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13. Virgin Islands, the one-unit property limit is ​$1,149,825​​.

Loans 425

Loans FHA loan Principal Finance 425

Keeping Current Matters

MARCH 22, 2021

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. Bottom Line.

VA loan 328

VA loan FHA loan Mortgages Lending 328

Housing Wire

MARCH 11, 2024

Although lock counts were down on a year-over-year basis, the rate of decline is decelerating and suggests we may be nearing a floor for purchase lending in the current rate environment.” The index for Federal Housing Administration (FHA) loans rose 28 bps to 6.66%, while the U.S.

VA loan 455

VA loan FHA loan Loans Lending 455

Housing Wire

APRIL 10, 2023

The disproportionate surge in purchase lending pushed the refi share of the market mix down to a current cycle low of just 13%. That, combined with a recent reduction in FHA mortgage insurance premiums and a mid-month increase in the FHA-to-conforming spread, made FHA loans comparatively more attractive,” Walden said.

FHA loan 386

FHA loan Marketing Lending Mortgages 386

Housing Wire

JUNE 5, 2023

Jorden Brok and Brett Lotsoff are producing area managers and SVPs of mortgage lending at Revolution Mortgage and are tasked with expanding the company’s footprint in the greater Chicago area. “We should see more purchase activity from existing homeowners once rates and/or home prices come down a bit.

Loan Officer 386

Loan Officer Loans Mortgages FHA loan 386

Housing Wire

OCTOBER 16, 2024

The locations of households that have received FHA-backed mortgages have been studied far less, HUD explained. If federal homeownership assistance programs follow national trends, we would expect FHA loans to be associated with whiter and lower-poverty census tracts.”

FHA loan 471

FHA loan Equity Loans Mortgages 471

Housing Wire

DECEMBER 30, 2020

Given that the FHFA already has significant experience overseeing the mortgage market through its regulation of Fannie Mae, Freddie Mac and the Federal Home Loan Banks , it would be the natural regulator for nonbank servicers. This provision is clearly problematic for GSE loans, but it will be even more of an issue for government loans.

FHA loan 426

FHA loan Lending Banks Loans 426

Housing Wire

JUNE 10, 2025

Credit supply increased to its highest level since August 2022, driven by growth in the supply of both conventional and government loans, as lenders offered a greater variety of loan types to support the spring homebuying season,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement.

VA loan 212

VA loan Mortgages Loans Lending 212

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 463

VA loan Agents Seller concession FHA loan 463

Housing Wire

OCTOBER 11, 2024

This trend, the company reported, is likely tied to a greater number of loan programs for foreign nationals who have Individual Tax Identification Numbers (ITIN) rather than Social Security numbers. Lending volumes remained relatively steady over the past year, which the firm tied to “continued high interest rates.”

Mortgages 511

Mortgages Sales Loans Lending 511

Housing Wire

MARCH 12, 2024

In other cases, family members or friends agreed to serve as a co-signer for a buyer with the intention of coming off the loan at some point in the future. “In As recently as 2018, about 31% of Hispanic home purchase originations were done through FHA, almost twice the rate of the general population. And the 49.5% About 29.5%

FHA loan 463

FHA loan Loans Finance Lending 463

Housing Wire

JANUARY 19, 2024

More than 50 mortgage loan officers were let go. Last year, half of the originated loans were conventional, followed by 35% of FHA loans and 14% of V.A. Representatives at the company did not immediately reply to a request for comments. Steve Rose is the lender’s president, per the company’s website.

Mortgages 463

Mortgages FHA loan Loan Officer Loans 463

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said. Conventional loans account for 95% of Better’s portfolio, with the remaining 5% tied to other products such as jumbo loans. Eligible U.S. billion in Q3 2022.

VA loan 413

VA loan Loans Loan Officer FHA loan 413

The Mortgage Report

JUNE 13, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? You don’t have to be a first-time buyer to use an FHA loan.

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FHA loan FHA 203k rehab loan Loans VA loan 40

Housing Wire

APRIL 4, 2022

The spectacular and historic spike in interest rates will hurt most homebuyers, but one group is especially vulnerable: FHA borrowers. 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.

FHA loan 370

FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

Housing Wire

JUNE 28, 2023

The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-13 this week, which requires the use of a form that allows borrowers to voluntarily state their language preferences and provide information on any housing counseling and homeownership education they received.

FHA loan 370

FHA loan Finance Title Mortgages 370

Housing Wire

APRIL 17, 2023

First, the FHA program does more loans to minorities than any other agency or private label lending source — so much so that it dwarfs the GSEs, VA , and others. But who does the FHA loans today? One must ask, why are the IMBs so effective with Ginnie Mae lending?

Marketing 386

Marketing FHA loan Banks Lending 386

Housing Wire

MAY 19, 2025

And there has been a move away from Fannie Mae and Freddie Mac products and toward offerings from the Federal Housing Administration (FHA) and U.S. Adjustable-rate mortgages ( ARMs ) have grown in popularity in recent months as borrowers search for affordability relief anywhere they can find it. Department of Veterans Affairs (VA).

Loans 365

Loans Mortgages Banks Finance 365

Housing Wire

JUNE 21, 2022

Data from John Burns Real Estate Consulting shows that student loan debt has increased 100% since 2007, keeping many renters in place. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. Think about it this way. were built before 1980.

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Investor FHA loan Inspection Renovation 413