Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said.

VA loan 413

VA loan Loans Loan Officer FHA loan 413

Housing Wire

MARCH 5, 2025

The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. On-the-ground observations Loan officers say they’re seeing an increase in government loan demand. Certain geographic areas have higher shares of government loans.

Loan Officer 311

Loan Officer Loans VA loan FHA loan 311

Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated.

VA loan 386

VA loan Loans Lending Finance 386

Housing Wire

NOVEMBER 7, 2023

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. The appointment supports the company’s Vision 2025 plan , the company said.

Lending 406

Lending VA loan Loans Mortgages 406

Housing Wire

SEPTEMBER 17, 2024

Anthony Casa, President & CEO of UMortgage , isn’t mincing words when it comes to the lending practices that often victimize our veterans. These lenders take advantage of the profit margins on VA loans to charge veterans inflated fees and higher interest rates. This is a disturbing trend among VA lenders.

Lending 413

Lending VA loan Loans Mortgages 413

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

DECEMBER 10, 2024

Refinances out of 2023 and 2024 vintages drove an impressive 78% of recent rate/term lending and nearly half of refi activity overall. Department of Veterans Affairs (VA) loans had saw the largest monthly improvements, dropping their rates by 1.28 But these loans carry more risk. Borrowers with U.S.

Mortgages 370

Mortgages VA loan Loans Lending 370

Housing Wire

FEBRUARY 28, 2023

Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. The company has 548 active loan officers and 379 branches, per the Modex data. The company originated $816 million over the last 12 months, according to Modex.

Lending 386

Lending VA loan Loan Officer Loans 386

Housing Wire

DECEMBER 4, 2024

Purchase loan activity drove total applications higher last week, which included an adjustment for the Thanksgiving holiday. Rates for 30-year jumbo loans (balances above $766,550) decreased by 12 bps and averaged 6.85%. In 2025, jumbo loans will increase to a minimum size of $806,501 — a 5.2% in the prior week.

Mortgages 386

Mortgages VA loan FHA loan Loans 386

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. Who is eligible?

Loans 446

Loans VA loan Mortgages Lending 446

Housing Wire

SEPTEMBER 23, 2024

California -based mortgage lender loanDepot has hired military advocate Bryan Bergjans as part of an effort to boost its lending capacity in the U.S. Department of Veterans Affairs (VA) space. loanDepot executive vice president John Bianchi said the hiring reinforces the company’s commitment to VA lending.

VA loan 425

VA loan Lending Loans Loan Officer 425

Housing Wire

SEPTEMBER 1, 2020

According to the CFPB, Service 1st Mortgage and Hypotec advertised specific credit terms, such as interest rates, APRs, and hypothetical payment amounts that they wer not prepared to offer, or that they could only offer for an introductory period but advertised as if they were permanent loan terms. 26, the CFPB settled with PHLoans , Inc.,

VA loan 489

VA loan Mortgages Loans Lending 489

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. Consider, for instance, the multitude of scenarios that require lenders to take another look at assets between loan qualification and loan closing.

Lending 370

Lending Earnest money deposit VA loan Loans 370

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

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 386

Lending Industrial Mortgages Loans 386

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 400

VA loan Agents Pre-approval Debt-to-income ratio 400

Housing Wire

JUNE 17, 2024

Department of Veterans Affairs (VA) loans with either fixed or adjustable rates. Since January 2023, the bank has changed its strategy in home lending to focus on bank customers and minority homebuyers through its retail mortgage teams. Wells Fargo, which was among the top 25 U.S. Expanding the availability of the Dream.

Closing costs 463

Closing costs Closing VA loan Banks 463

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. Mortgage applications dropped 5.2% Mortgage rates moved slightly higher last week, with the 30-year conforming rate reaching 7.07

VA loan 461

VA loan Mortgages Fixed-rate mortgage Loans 461

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

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. That said, modernization is a good thing as well and should never be feared.

VA loan 80

VA loan Loans HR Due diligence 80

Housing Wire

SEPTEMBER 4, 2020

and Hypotec Inc for advertisements with specific credit terms, such as interest rates, APRs, and hypothetical payment amounts that they were not prepared to offer, or that they could only offer for an introductory period but advertised as if they were permanent loan terms. and on July 24 against Sovereign Lending Group, Inc.,

VA loan 462

VA loan Loans Lending Mortgages 462

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

FEBRUARY 10, 2025

Two key factors contribute to this disparity: a lack of knowledge about the VA benefits to which they are entitled, and a limited understanding among sellers and lenders of the strong buyer profile of VA loan borrowers. Its important to take a moment to look back at the history behind VA benefits. In 1944, the U.S.

Industrial 210

Industrial VA loan Lending Loans 210

Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process. Can you connect those dots for me? Ed Gerding: Sure.

Lending 424

Lending VA loan Banks Investor 424

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. Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said.

Loan Officer 425

Loan Officer Mortgages VA loan Lending 425

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 446

VA loan Mortgages Loans Agents 446

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. 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.” Meanwhile, conforming loans maintained a steady share of 57%, with slight decreases in the FHA and VA loan shares.

VA loan 455

VA loan FHA loan Loans Lending 455

Housing Wire

JUNE 13, 2024

This was especially true for the Federal Housing Administration (FHA) lending segment. Conventional loans comprised 63.4% Department of Veterans Affairs (VA) loans accounting for 9.8% Department of Agriculture (USDA) loans at 0.3%. New-home purchase mortgage applications rose 1% month over month and 13.8%

Mortgages 425

Mortgages VA loan Loans Lending 425

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. Friday, April 7, marked a day for celebration.

Loans 400

Loans FHA loan Mortgages VA loan 400

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. Here’s how to proactively maintain fair lending. According to the Mortgage Bankers Association , in the fourth quarter of 2021 the VA delinquency rate declined 57 basis points to 5.24

VA loan 370

VA loan Pre-approval Principal Loans 370

Housing Wire

MAY 10, 2024

Department of Veterans Affairs (VA) are the most common types of loans that can be assumed. Typically, the fees are lower than those for new loans and no appraisal is needed. million loans, or 23% of active mortgages, are eligible for assumption, according to Intercontinental Exchange. An estimated 12.2

Mortgages 425

Mortgages VA loan Loans Lending 425

Housing Wire

JANUARY 26, 2022

” According to the company, jumbo loans will be available for both 15-and-30-year cycles. Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans. Building the next generation of tech: Three ways to digitize home lending.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

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

APRIL 15, 2024

Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered. Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday.

Agents 531

Agents Seller concession VA loan Finance 531

Housing Wire

NOVEMBER 4, 2020

Applications for investment properties showed the highest risk, while VA-based programs showed the lowest. No new cash is available through the loan so there are fewer fraud scenarios that are possible. VA-based programs had the lowest-risk applications, CoreLogic found. year-over-year nationally.

Mortgages 425

Mortgages VA loan Loans Lending 425

Housing Wire

MAY 19, 2025

Department of Veterans Affairs (VA). Adjustable-rate mortgages ( ARMs ) have grown in popularity in recent months as borrowers search for affordability relief anywhere they can find it. “It feels like the right moment for this product,” said Jeana Curro , who leads agency MBS research at Bank of America.

Loans 365

Loans Mortgages Banks Finance 365