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

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%. Data at HousingWire ‘s Mortgage Rates Center also shows consistent upward movement in the cost of a home loan during the last two weeks of the year.

FHA loan 441

FHA loan Mortgages VA loan Loans 441

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. In 2020, 3.82

VA loan 384

VA loan Loans Lending Finance 384

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 Renovation 441

Housing Wire

DECEMBER 10, 2024

A welcome drop in 30-year conforming mortgage rates to the low-6% range led to a burst of refinance activity early in the fall, with more than 300,000 mortgage holders closing refinance transactions in September and October.Thats according to the December 2024 Mortgage Monitor report from Intercontinental Exchange (ICE).

Mortgages 365

Mortgages VA loan Loans Lending 365

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Government, FHA, and VA loans do not apply and the program is not available in 16 states, including New York, Massachusetts, and Rhode Island.

Loans 384

Loans Closing VA loan Finance 384

Housing Wire

JUNE 17, 2024

Wells Fargo ’s program that provides up to $5,000 in closing costs for low- and moderate-income families to purchase a home has been extended to an additional 16 metro areas, the bank announced on Monday. It can be used to pay nonrecurring closing costs, such as appraisal, processing, title and recording fees.

Closing costs 458

Closing costs Closing VA loan Banks 458

Housing Wire

MAY 25, 2022

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. The VA did not immediately respond to requests for comment. The post VA removes pre-approval process for some loans?

Pre-approval 432

Pre-approval Loans VA loan Land 432

Housing Wire

DECEMBER 13, 2023

mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. points – on FHA and VA refinances available to brokers until Jan. points, 5.999% paying 2 points and 6.249% paying 2.5

Loans 456

Loans VA loan FHA loan Mortgages 456

Housing Wire

NOVEMBER 20, 2020

Ellie Mae ’s Origination Insight report for October demonstrates some of the side effects of the historically low mortgage rates we’ve seen in 2020: incredibly high volume and an increase in time-to-close. The 30-year conventional dropped from 3.02% to 3.01%, and VA fell from 2.78% to 2.75%. Overall loan applications are down 9.3%

Closing 441

Closing FHA loan Mortgages VA loan 441

Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

Closing 450

Closing Mortgages VA loan FHA loan 450

Housing Wire

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages 387

Mortgages Title Lending Loans 387

Housing Wire

MAY 5, 2025

Gen Z was responsible for one in four loans issued to first-time homebuyers. 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 ). Washington, D.C.,

Lending 306

Lending FHA loan VA loan Loans 306

Housing Wire

JANUARY 12, 2022

Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S. Rates at these levels are quickly closing the door on refinance opportunities for many borrowers.”. Adjustable-rate mortgage (ARM) share of activity dipped to 3.1 % of total loan applications.

Loans 441

Loans Fixed-rate mortgage Mortgages VA loan 441

Housing Wire

MAY 15, 2025

Post-closing quality control data is collected through ACES quality management and control software and offers a snapshot of mortgage industry underwriting trends. Legal/regulatory/compliance emerged as the leading defect category in Q4, followed closely by assets and income/employment. from the third quarter to reach 1.16%.

VA loan 214

VA loan Mortgages FHA loan Loans 214

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

APRIL 2, 2025

Assumable mortgages let buyers take over a sellers loan, with Federal Housing Administration (FHA) and Veterans Affairs (VA) loans about one-third of all U.S. Roam enables a 5% down payment and a blended 5% rate, the sweet spot for many buyers, while cutting the typical closing time to 45 days instead of 150.

Mortgages 254

Mortgages VA loan Loans Closing 254

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

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

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. The education gap is closing. 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

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 exact cost of this varies based on your loan balance and down payment. USDA loans. Here are your choices: FHA mortgages.

VA loan 485

VA loan FHA loan Mortgages Loans 485

Housing Wire

JANUARY 19, 2022

Higher rates led to the “slowest pace of refinance activity in over two years,” mainly among FHA and VA loans, Kan said in a statement. Regarding purchase applications, the average loan size set a record at $418,500. For jumbo mortgage loans (greater than $647,200), rates went to 3.54% from 3.42% the week prior.

Loans 397

Loans Mortgages VA loan Fixed-rate mortgage 397

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. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

VA loan 397

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

Housing Wire

OCTOBER 11, 2023

Application activity remains depressed and close to multi-decade lows, with purchase applications still almost 20% behind last year’s pace,” Joel Kan, MBA’s vice president and deputy chief economist, said in a news release. of all loan applications, the highest share since November 2022. Mortgage applications picked up 0.6% from 14.5%

Loans 386

Loans VA loan FHA loan Mortgages 386

Housing Wire

MAY 24, 2024

Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans. How student loans impact your ability to buy a home Adding a mortgage on top of monthly student loan payments can create a significant financial strain.

Debt-to-income ratio 439

Debt-to-income ratio Loans Pre-approval VA loan 439

Housing Wire

APRIL 23, 2025

The integration teams are already synched and planning for how to bring our business together once the transaction closes, Bray told analysts. Servicing loans opens the opportunity to offer clients more products. billion in loans across 32,296 loans in the first quarter, with $1.9 It funded $8.3 ” Mr.

VA loan 289

VA loan Equity Loans Mortgages 289

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. Department of Veterans Affairs (VA) would be disadvantaged. The temporary guidance went into effect on Aug.

VA loan 420

VA loan Purchase and sale agreement Loans Agents 420

Housing Wire

MARCH 29, 2022

This marks a notable dip in originations from 2020, a record-breaking year in which VA lenders pumped out approximately $427 billion in VA loans. The top 10 VA lenders by volume in 2021: Freedom Mortgage Corp. Freedom Mortgage Corporation continued to lead the pack, originating $43 billion in VA loans last year.

VA loan 368

VA loan FHA loan Loans Banks 368

Housing Wire

MARCH 27, 2024

But the VA’s current policies place veterans at a “significant disadvantage” compared to other buyers, NAR President Kevin Sears said in a letter submitted Wednesday to John Bell, executive director of VA’s Loan Guaranty Service. The VA didn’t immediately respond to HousingWire’s request for comment.

VA loan 450

VA loan Loans Principal Mortgages 450

Housing Wire

APRIL 30, 2025

Refinance activity dipped again, as mortgage rates remained close to 7%, and borrowers hold out for a bigger decline in rates,” commented Joel Kan , MBAs vice president and deputy chief economist. The VA share of total applications decreased to 13.1% The refinance share of mortgage activity remained unchanged at 37.3% from 13.4%

Fixed-rate mortgage 331

Fixed-rate mortgage Mortgages Loans Closing 331

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

FEBRUARY 6, 2024

The fees are typically lower than those of new loans and no appraisal is needed. Hampered by numerous hurdles To begin with, assumptions are limited to FHA and VA loans, with rare allowances for U.S. Fannie Mae and Freddie Mac loans, which represent nearly two-thirds of the mortgage market, cannot be assumed.

Mortgages 452

Mortgages VA loan Loans Closing 452

Housing Wire

MARCH 22, 2023

Today’s buyers are also able to save money in other ways: Nearly half of sellers are offering concessions, like helping pay for a mortgage-rate buydown or covering closing costs, to attract buyers.” The less competitive market has also resulted in more buyers using FHA and VA loans. a year prior. of all mortgaged home sales.

VA loan 410

VA loan FHA loan Loans Mortgages 410

Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. USDA loans. Though USDA loans are technically reserved for homes in “rural” areas, you’d be surprised at how much of America actually qualifies for these mortgages. How much house can you afford to buy?

Mortgages 432

Mortgages VA loan Loans Loan Officer 432

Housing Wire

OCTOBER 12, 2023

Total loan volume fell 33% over the same period compared to a year ago. ““The While conforming loans still made up the majority of production at 57% in September, conforming volumes trended well below pandemic levels, according to the report. FHA and VA loan production both gained in activity share to 20.6% of the total.

VA loan 423

VA loan Mortgages FHA loan Loans 423

Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

Mortgages 431

Mortgages VA loan FHA loan Staging 431

Housing Wire

JUNE 17, 2021

Lack of inventory and sweltering home prices have become a market norm for much of the industry, and May’s loan size data reported the trend has yet to abate. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ?the the fourth consecutive month of rising loan sizes and a new survey high.

Sales 500

Sales VA loan FHA loan Loans 500