Housing Wire

MARCH 27, 2024

Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out.

VA loan 440

VA loan Loans Principal Mortgages 440

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans.

VA loan 386

VA loan Loans Mortgages Closing costs 386

Housing Wire

DECEMBER 3, 2023

Loans in active foreclosure inched up to 217,000, but remained more than 25% below pre-pandemic levels. About 70% of loans currently three or more payments past due are protected from foreclosure by ongoing loss mitigation efforts. In 2024, roughly 75% of originations expected to come from purchase loans. for VA loans.

Equity 413

Equity VA loan FHA loan Mortgages 413

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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. “VA loans are probably the best loans on the market.

VA loan 438

VA loan Agents Seller concession FHA loan 438

Housing Wire

JANUARY 12, 2022

Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that the increase in mortgage rates is curtailing refinance activity. Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S. the previous week.

Loans 432

Loans Fixed-rate mortgage Mortgages VA loan 432

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). Department of Veterans Affairs (VA) loans. Following an announcement that the U.S.

VA loan 363

VA loan Principal Loans Residential 363

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 382

Loan Officer Mortgages VA loan Lending 382

Housing Wire

NOVEMBER 7, 2023

Smith will engage with both the military community as well as real estate professionals to further education on VA mortgage products. Unfortunately, too many veterans, as well as too many real estate professionals, don’t have the understanding they need to successfully utilize VA loans.

Lending 283

Lending VA loan Loans Mortgages 283

Housing Wire

MARCH 5, 2024

Typically, the fees are lower than those for new loans and no appraisal is needed. Department of Veterans Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to The Wall Street Journal. trillion in FHA and VA loans. To begin with, assumptions are limited to FHA, VA and U.S.

VA loan 391

VA loan Mortgages Loans Agents 391

Housing Wire

APRIL 5, 2022

Dubbed the “Fast 15 Guarantee,” eligible loans for conventional single family homes will be cleared to close in no more than 15 business days from the submission of a complete loan file, according to Rocket Pro TPO, the wholesale arm of the lending giant. Most of that has to do with a lot of buyers in the market.

Closing 372

Closing Loans VA loan Mortgages 372

Housing Wire

MARCH 25, 2024

In a letter submitted Monday to John Bell, executive director of VA’s Loan Guaranty Service, the CHLA took issue with how the existing regulatory requirements regarding VA mortgages could put veterans and active-duty personnel at an “unfair disadvantage” when buying a home.

Agents 426

Agents VA loan Loans Mortgages 426

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. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

VA loan 378

VA loan Agents Pre-approval Debt-to-income ratio 378

Housing Wire

MARCH 29, 2024

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. Department of Veterans Affairs (VA) loans, the notice said.

Mortgages 334

Mortgages VA loan Principal Loans 334

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending 357

Lending Industrial Mortgages Loans 357

Lab Coat Agents

MAY 21, 2024

However, recent changes in the industry have led to a significant reduction in assumable mortgage approval timelines, making this option more accessible and appealing than ever before. How Do Assumable Mortgages Differ from Traditional Home Loans? What is an Assumable Mortgage?

VA loan 98

VA loan Mortgages Loans FHA loan 98

Housing Wire

FEBRUARY 8, 2024

Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, according to MBA ’s National Delinquency Survey. in the previous quarter.

Mortgages 345

Mortgages VA loan Loans Staging 345

Housing Wire

MAY 8, 2023

I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. Assuming a VA loan I have nothing but the utmost respect for everyone serving in the military. Veterans Affairs (VA) mortgage loans can be an excellent product for veterans.

VA loan 388

VA loan Mortgages Marketing Loans 388

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. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

Loans 367

Loans Mortgages Land Development 367

Housing Wire

SEPTEMBER 23, 2020

Loan servicers operate between a rock and a hard place today. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. They must do all that, while also remaining compliant in handling, notifying borrowers of options or modifying the loan.

Loans 329

Loans VA loan Lending Technology 329

Housing Wire

DECEMBER 15, 2021

“Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

VA loan 379

VA loan FHA loan Fixed-rate mortgage Loans 379

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. The lender posted production of $3 billion across 8,569 loans in full year 2023.

Loan Officer 370

Loan Officer VA loan Loans Technology 370

Housing Wire

OCTOBER 19, 2021

New home sales purchase activity was weaker in September, and the average loan size rose to another record high, as homebuilders continue to grapple with rising building materials costs and labor shortages. When looking at loans by product type, conventional loans made up 75.1% and RHS/USDA loans made up the final 0.5%.

VA loan 381

VA loan FHA loan Mortgages Loans 381

Housing Wire

APRIL 22, 2024

Real estate executives disagree on many things, but nearly everyone agrees that the terms of the National Association of Realtors’ commission lawsuit settlement agreement , if approved by the court (a big if), would generate significant change within the industry. Department of Veterans Affairs (VA) loans.

Brokerage 320

Brokerage VA loan MLS Industrial 320

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As by the end of 2023.

Mortgages 388

Mortgages Equity VA loan FHA loan 388

Housing Wire

JUNE 26, 2023

The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans.

VA loan 331

VA loan FHA loan Fixed-rate mortgage Principal 331

Housing Wire

NOVEMBER 13, 2023

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Non-agency and VA production finished October at 11.5% FHA and VA loan rates rose 26 bps and 40 bps, respectively, both finishing the month at 7.4%. month over month. “In in September.

Mortgages 351

Mortgages VA loan Loans Investor 351

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. VA loans comprised 10.7%, increasing seven basis points.

FHA loan 425

FHA loan Mortgages VA loan Fixed-rate mortgage 425

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 365

VA loan As-is Loans Development 365

Calculated Risk Real Estate

MAY 16, 2024

From the MBA: Mortgage Delinquencies Increase Slightly in the First Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 The percentage of loans on which foreclosure actions were started in the first quarter remained unchanged at 0.14

VA loan 111

VA loan FHA loan Mortgages Loans 111

Housing Wire

NOVEMBER 16, 2021

Joel Kan, associate vice president of economic and industry forecasting at the MBA, noted in a statement that purchase activity in October was dominated by higher mortgage loan balance transactions, pushing the average new home loan size over $412,000—a record in the survey. of loan applications. FHA loans composed 13.5%

Mortgages 471

Mortgages VA loan FHA loan Construction 471

Housing Wire

JUNE 17, 2021

On a seasonally adjusted basis, the MBA also estimates new home sales fell at an annualized pace of 4% in May, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ?the and VA loans provided 10.4%.

Sales 491

Sales VA loan FHA loan Loans 491

Housing Wire

AUGUST 22, 2022

Mortgage applications to purchase newly built homes weakened in July, as prospective homebuyers continue to delay decisions because of economic uncertainty and still-high home prices and mortgage rates,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. By product type, conventional loans composed 70.7%

VA loan 370

VA loan FHA loan New Construction Loans 370

Housing Wire

MAY 19, 2022

“New home purchase activity declined on a monthly and annual basis in April, as the spike in mortgage rates cooled demand, and homebuilders continued to grapple with rising costs, supply-chain issues, and extended completion timelines,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting, in a statement.

VA loan 420

VA loan FHA loan Construction Loans 420

Housing Wire

JUNE 1, 2022

Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. the prior week, and the VA loan share dropped to 10.2% Mortgage apps dropped 2.3%

Fixed-rate mortgage 414

Fixed-rate mortgage Mortgages VA loan Loans 414

Housing Wire

MAY 25, 2022

The 30-year fixed rate declined for the second straight week to 5.46% but remains well above what borrowers were used to over the past two years,” Joel Kan, associate vice president of economic and industry forecasting at MBA said, in a statement. and the Veterans Affairs (VA) loans fell to 10.4% from 10.5% in the prior week.

Fixed-rate mortgage 401

Fixed-rate mortgage Mortgages VA loan Loans 401

Housing Wire

DECEMBER 23, 2021

The 15-basis point improvement continues to point to the effectiveness of initiatives taken by policy makers and industry participants over the pandemic period to help borrowers stay in their homes. have a GSE loan, 2.9% have FHA/VA loans, and 2.5% are portfolio held and privately securitized loans.

Mortgages 391

Mortgages VA loan Loans Industrial 391

Housing Wire

OCTOBER 21, 2022

Our Issuers and the mortgage servicing industry are integral to the government mortgage system, and they are also adapting and adjusting to market conditions. “Our Our Issuers and the mortgage servicing industry are integral to the government mortgage system, and they are also adapting and adjusting to market conditions. As of Sept.

VA loan 316

VA loan FHA loan Loans Banks 316