Housing Wire

JANUARY 10, 2024

Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan.

Mortgages 490

Mortgages VA loan FHA loan Loans 490

Keeping Current Matters

NOVEMBER 11, 2021

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. 2020 Data on VA Home Loans.

VA loan 255

VA loan Loans Mortgages As-is 255

Housing Wire

MAY 10, 2024

New York -based assumable mortgage platform Roam rolled out a new partnership with national lender Spring EQ to provide second-lien loans to Roam customers, the company announced on Thursday. Consider, for example, a home that costs $400,000, with an assumable mortgage amount of $280,000. An estimated 12.2

Mortgages 413

Mortgages VA loan Loans Lending 413

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. ” According to Scotsman Guide , Potempa was the No. million. .

Loan Officer 405

Loan Officer Mortgages VA loan Lending 405

Housing Wire

FEBRUARY 6, 2024

The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. Assumable mortgages remain a niche market compared to new mortgage issuance. An assumable mortgage enables qualified buyers to take over the seller’s mortgage terms, including the existing balance and interest rate.

Mortgages 407

Mortgages VA loan Loans Closing 407

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Typically, the fees are lower than those for new loans and no appraisal is needed. trillion in FHA and VA loans.

VA loan 427

VA loan Mortgages Loans Agents 427

Housing Wire

NOVEMBER 8, 2023

Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. 3, total home loan applications increased 2.5% compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA). For the week ending Nov.

VA loan 431

VA loan FHA loan Mortgages Loans 431

Housing Wire

OCTOBER 4, 2023

Mortgage applications ground to a halt for the week ending Sept. 29, falling 6% from the week prior as mortgage rates jumped to a 23-year high of 7.53%, according to new weekly data from the Mortgage Bankers Association. Mortgage application activity is now at its lowest level since 1996, the MBA reported. from 14.1%

Mortgages 483

Mortgages VA loan FHA loan Loans 483

Housing Wire

OCTOBER 18, 2023

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Mortgage applications decreased 6.9% 13, compared to the week prior , according to weekly mortgage application data from the MBA. for the week ending Oct. from 14.4%

Mortgages 450

Mortgages VA loan FHA loan Loans 450

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? This can provide significant savings compared to taking out a new loan at prevailing market rates.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

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 450

VA loan Loans Principal Mortgages 450

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 377

Mortgages VA loan Principal Loans 377

Housing Wire

FEBRUARY 8, 2024

Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA). Department of Veterans Affairs (VA) loans rose to 4.07%, up from 3.76%.

Mortgages 388

Mortgages VA loan Loans Staging 388

Housing Wire

SEPTEMBER 15, 2023

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans. These loans have lower down payment requirements and more forgiving credit requirements.

VA loan 414

VA loan Loans Mortgages Closing costs 414

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 457

VA loan Agents Seller concession FHA loan 457

Real Trends

DECEMBER 14, 2022

Vetted VA’s Chris Griffith says, ‘tap, rack, bang,’ is a statement all Marines know by heart. Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. Vetted VA seeks to change that narrative. Learning the ropes of VA loans. said Griffith.

VA loan 103

VA loan Loans Lending Loan Officer 103

Housing Wire

NOVEMBER 16, 2020

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. But choosing the right mortgage product can be difficult — especially if you’ve never bought a home before. Are you confused about your mortgage options? Here are your choices: FHA mortgages.

VA loan 485

VA loan FHA loan Mortgages Loans 485

Housing Wire

NOVEMBER 13, 2023

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over two decades, according to Optimal Blue’ s originations market monitor report. month over month. “The

Mortgages 394

Mortgages VA loan Loans Investor 394

Housing Wire

SEPTEMBER 30, 2022

Many mortgage professionals are turning to the platform as a way to connect with prospective borrowers and educate them on mortgage, as well as market themselves. We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator.

VA loan 409

VA loan Mortgages Loan Officer Branding 409

RIS Media

DECEMBER 13, 2023

To help veterans achieve their home ownership goals, the Department of Veterans Affairs (VA) guarantees home loans for veterans, service members, and qualifying family members. VA loans are mainly similar to conventional mortgage loans;… The post All About VA Loans appeared first on RISMedia.

VA loan 52

VA loan Loans Finance Mortgages 52

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 473

Mortgages VA loan Finance Loans 473

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

FHA loan 441

FHA loan Loans Loan Officer Mortgages 441

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 317

Lending VA loan Loans Mortgages 317

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

VA loan 387

VA loan Mortgages Land Loans 387

Realty Biz

MARCH 28, 2023

A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. We look at a home's requirements when applying for a VA loan. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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VA loan Inspection Loans Land 94

Housing Wire

OCTOBER 11, 2023

The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct.

Loans 435

Loans VA loan Finance Mortgages 435

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

Fixed-rate mortgage 426

Fixed-rate mortgage Mortgages VA loan Loans 426

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Are you currently thinking about buying a home or refinancing your existing mortgage?

Mortgages 432

Mortgages VA loan Loans Loan Officer 432

Housing Wire

FEBRUARY 16, 2023

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. For the past 15 years, mortgage delinquencies have tracked very closely with employment conditions, Marina Walsh, MBA’s vice president of industry analysis, noted. by the end of 2023.

Mortgages 415

Mortgages Equity VA loan FHA loan 415

Housing Wire

JANUARY 12, 2022

Mortgage applications climbed 1.4% 7, 2022, according to a survey published by the Mortgage Bankers Association this week. 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. for the week ending Jan.

Loans 441

Loans Fixed-rate mortgage Mortgages VA loan 441

Housing Wire

SEPTEMBER 1, 2020

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. The most recent cases were those against Service 1st Mortgage, Inc. ,

VA loan 450

VA loan Mortgages Loans Principal 450

Housing Wire

MARCH 25, 2024

On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. as proper local variances, under current VA regulations.“ “We as proper local variances, under current VA regulations.“ “We

Agents 441

Agents VA loan Loans Mortgages 441

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 530

Agents Seller concession VA loan Finance 530

Housing Wire

MARCH 22, 2023

Redfin attributed the drop in down payment amount and percentage to the slower housing market , lower home prices, and higher housing costs due to rising mortgage rates. One silver lining of high mortgage rates and economic turmoil is that they’ve slowed competition,” Sheharyar Bokhari, Redfin’s senior economist, said in a statement. “One

VA loan 404

VA loan FHA loan Loans Mortgages 404

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% the prior week, and the VA loan share dropped to 10.2% from 11.3%

Fixed-rate mortgage 430

Fixed-rate mortgage Mortgages VA loan Loans 430

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. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

VA loan 395

VA loan Agents Pre-approval Debt-to-income ratio 395

Housing Wire

DECEMBER 23, 2021

The delinquency landscape continues to improve on a monthly basis, with the total delinquency rate in the nation falling to 3.59% in November, according to Black Knight ’s November mortgage monitor published this week. 30, only 994,000 mortgage holders remain in COVID-19 related forbearance plans, representing 1.9% have a GSE loan, 2.9%

Mortgages 416

Mortgages VA loan Loans Industrial 416