Housing Wire

OCTOBER 24, 2023

million in VA loans, enough to become the top VA loan officer in the country, according to the Scotsman Guide. million in VA loans (77% of the total). Most of his loans this year, precisely 89%, were purchases. Most of his loans this year, precisely 89%, were purchases. and Paramount Bank.

VA loan 421

VA loan Loans Loan Officer Brokerage 421

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 406

VA loan Loans Loan Officer FHA loan 406

Housing Wire

FEBRUARY 6, 2025

Specifically, conventional loans are performing much better than Federal Housing Administration and U.S. Department of Veterans Affairs loans. The seriously delinquent rate (loans that are at least 90 days overdue, plus those in foreclosure) for FHA loans is 4.12%, roughly three times higher than the 1.14% rate for conventional loans.

VA loan 348

VA loan FHA loan Debt-to-income ratio Loans 348

Housing Wire

OCTOBER 20, 2022

on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans. Real estate tech firm Voxtur Analytics Corp.

VA loan 397

VA loan Loans Title Land 397

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 384

VA loan Loans Lending Finance 384

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 311

VA loan Loans Mortgages As-is 311

Housing Wire

JANUARY 2, 2025

Applications for refinances drove the decrease in the overall index as they fell 36%, while applications for purchase loans were down 13%. Rate increases were seen across the board for nearly every loan type, according to the MBA. Mortgage demand declined 21.9% from two weeks earlier during the week ending Dec. 27, the MBA reported.

FHA loan 441

FHA loan Mortgages VA loan Loans 441

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 257

Loan Officer Loans VA loan FHA loan 257

Housing Wire

DECEMBER 3, 2024

Per FICO’s press release, the Montana-based company collaborated with the VA to confirm acceptance of FICO Score 10 T ahead of the widespread transition as required by the Federal Housing Finance Agency (FHFA). Cardinal claims to be one of the first lenders to adopt FICO 10 T for its nonconforming loans.

VA loan 382

VA loan Mortgages Loans Lending 382

Housing Wire

NOVEMBER 27, 2024

22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). But government loans saw their shares shrink. Federal Housing Administration (FHA) loans shed 60 bps during the week to represent 16% of all applications while U.S. Refis accounted for 38.8%

Mortgages 369

Mortgages VA loan FHA loan Fixed-rate mortgage 369

Housing Wire

NOVEMBER 11, 2024

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. Better is now offering the well-known Interest Rate Reduction Refinance Loan (IRRRL) through the U.S.

Closing costs 355

Closing costs Loans Closing VA loan 355

Housing Wire

DECEMBER 17, 2024

Conventional loans accounted for 61.6% of applications, Federal Housing Administration (FHA) loans for 28% and U.S. Department of Veterans Affairs (VA) loans for 9.9% The average loan size for new homes decreased to $402,873, down from $409,942 in October. Mortgage applications for new-home purchases increased 7.2%

FHA loan 380

FHA loan VA loan Mortgages Loans 380

Housing Wire

JANUARY 14, 2025

A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December. While conforming loans became less common, Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and nonconforming loan types gained traction. mortgage market trends.

VA loan 367

VA loan FHA loan Mortgages Loans 367

Housing Wire

FEBRUARY 13, 2025

Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged. Optimal Blue reported that after hitting a multiyear low in December, the conforming loan share edged up slightly to 51% of total production but remained near record lows.

VA loan 274

VA loan FHA loan Mortgages Loans 274

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 382

Mortgages VA loan FHA loan Loans 382

Housing Wire

DECEMBER 10, 2024

ICE tracks loans before and after a refinance or other prepayment. Department of Veterans Affairs (VA) loans had saw the largest monthly improvements, dropping their rates by 1.28 But these loans carry more risk. More than 35% of VA rate-and-term refis originated in 2024 have had loan-to-value (LTV) ratios exceeding 100%.

Mortgages 365

Mortgages VA loan Loans Closing 365

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 441

Loans VA loan Mortgages Lending 441

Housing Wire

NOVEMBER 8, 2024

Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Department of Veterans Affairs can still use their loan benefit when working with a buyer’s agent regardless of how their agent is being compensated. So, as I look to 2025 and where we want to go, it is to stick to the basics.

VA loan 365

VA loan Commercial Loans Staging 365

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 201

VA loan Mortgages Loans Lending 201

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 304

Debt-to-income ratio Agents VA loan MLS 304

Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

VA loan 517

VA loan Agents Loans MLS 517

Housing Wire

MAY 15, 2025

Department of Veterans Affairs (VA) loan defect rates remained largely unchanged, while U.S. Across the year, FHA and USDA loans saw declines in defect rates, while conventional loan defects edged up and VA loan rates remained flat. Key findings The Q4 2024 critical defect rate dropped 23.2%

VA loan 214

VA loan Mortgages FHA loan Loans 214

Housing Wire

NOVEMBER 16, 2020

They allow for lower credit scores than most other loans. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment.

VA loan 485

VA loan FHA loan Mortgages Loans 485

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 397

VA loan Agents Pre-approval Debt-to-income ratio 397

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S.

FHA loan 441

FHA loan VA loan Mortgages Loans 441

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. ” The VA also clarified that veterans can still ask sellers to cover these fees. ” The circular is effective Aug.

VA loan 517

VA loan Loans Brokerage MLS 517

Housing Wire

MAY 5, 2025

And despite tightened affordability , first-time buyer purchase lending has held up better than activity among repeat buyers compared to 2018 and 2019 especially for conventional loans through the government-sponsored enterprises ( GSEs ). VA foreclosures surged 54% after a moratorium ended , while FHA foreclosures rose 11%.

Lending 306

Lending FHA loan VA loan Loans 306

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.

VA loan 483

VA loan Mortgages Loans Lending 483

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 79

VA loan Loans HR Due diligence 79

Housing Wire

MAY 2, 2025

When industry experts think about what could lead to a significant departure of loan officers and real estate agents, two main things come to mind: AI and market conditions. Jennifer Beeston has been a top 1% loan originator for over 7 years and is currently ranked as the #1 VA Loan Officer in America.

Agents 271

Agents Loan Officer VA loan Loans 271

Housing Wire

OCTOBER 25, 2024

Department of Veterans Affairs (VA) would be disadvantaged. Previously, under VA policy, although a veteran was allowed to use a buyer broker to purchase a home using their VA loan benefit, they could “not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

VA loan 420

VA loan Purchase and sale agreement Loans Agents 420

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 458

VA loan Agents Seller concession FHA loan 458

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

DECEMBER 3, 2023

In 2024, roughly 75% of originations expected to come from purchase loans. Despite compressed volumes, cash-out refinance loans fueled what is left of the refinance market accounting for 92% of the third quarter activity. in October, also a series high, while the average among FHA and VA loans hit 45.5% for VA loans.

Equity 441

Equity VA loan FHA loan Mortgages 441

Housing Wire

JULY 26, 2024

Giving the company the “staff the agency needs to fulfill its responsibilities” will allow it to “focus on its core mission, including marketing Ginnie Mae securities to global investors and conducting oversight of the 300-plus companies that issue Ginnie Mae securities backed by FHA, RHS, and VA loans,” the letter explained.

VA loan 449

VA loan Loans Banks Mortgages 449

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

AUGUST 7, 2024

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA). The average rate for jumbo loans (balances above $766,550) fell 30 bps to 6.77%. “As Department of Veterans Affairs (VA) loans were 14.3%

VA loan 450

VA loan FHA loan Loans Mortgages 450