Housing Wire

JANUARY 2, 2025

Government lending programs saw mixed results as applications for Federal Housing Administration (FHA) loans fell by 60 bps to a market share of 16.6%, while applications for Department of Veterans Affairs (VA) loans rose by 50 bps to a share of 15.7%. Rates for 5/1 adjustable-rate mortgages shed 14 bps to average 5.97%.

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.

VA loan 384

VA loan Loans Lending 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

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.

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Loan Officer Loans VA loan FHA loan 257

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). percentage points).

Mortgages 365

Mortgages VA loan Loans Closing 365

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%. over September, per Ellie Mae.

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

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. REALITY: There is no limit.

Loans 441

Loans VA loan Mortgages Lending 441

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 Mortgages 384

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

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

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

MAY 5, 2025

has the smallest share of Gen Z homebuyers at 7% of all purchase mortgages and 11% of first-time buyer loans. California follows closely behind, with Gen Z making up 8% of purchase mortgage and 13% of first-time buyer loans. VA foreclosures surged 54% after a moratorium ended , while FHA foreclosures rose 11%.

Lending 306

Lending FHA loan VA loan Loans 306

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 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

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

Housing Wire

NOVEMBER 16, 2020

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. VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs.

VA loan 485

VA loan FHA loan Mortgages Loans 485

Housing Wire

NOVEMBER 10, 2023

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. Meanwhile, military VA loans represented 6.3% in April 2023. a year earlier.

FHA loan 441

FHA loan VA loan Mortgages Loans 441

Housing Wire

MAY 2, 2025

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. For far too long, unscrupulous actors in the industry have exploited this education gap. Here is the good news.

Agents 271

Agents Loan Officer VA loan Loans 271

Housing Wire

AUGUST 7, 2023

Fannie Mae and Freddie Mac have had affordable lending goals for years, but the impact of closing the minority homeownership gap has not been that significant. Borrowers with high loan-to-value ratios and lower credit scores are required to pay higher rates and fees for mortgages.

Closing 370

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

Housing Wire

MARCH 29, 2022

Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. 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.

VA loan 368

VA loan FHA loan Loans Banks 368

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.”

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VA loan Purchase and sale agreement Loans Agents 420

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.

Pre-approval 432

Pre-approval Loans VA loan Land 432

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. VA loans are probably the best loans on the market.

VA loan 450

VA loan Loans Principal Mortgages 450

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

JANUARY 9, 2025

Williams: By the numbers Farm area: Virginia Beach Deals closed in year one: 2 Deals closed in year two: 24 Number of agents on his team: 15 Number of social media followers: 26,000 Favorite real estate software: kvCORE Favorite script: LPMAMA Embrace the cringe Think youre going to become an overnight sensation on Instagram?

Closing 370

Closing VA loan Agents Loans 370

Housing Wire

DECEMBER 13, 2023

The UWM’s discounted rates apply to the FHA Streamline program, which offers a simplified refinance process with reduced documentation requirements on Federal Housing Administration (FHA) loans. ” Top wholesale lenders have launched new initiatives to boost production at the end of 2023.

Loans 456

Loans VA loan FHA loan Mortgages 456

Housing Wire

OCTOBER 12, 2023

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% Rates for FHA loans averaged 7.18%, VA loans were 7% and jumbo loans were 7.6%.

VA loan 423

VA loan Mortgages FHA loan Loans 423

Housing Wire

MARCH 1, 2021

Streamline refinances (if you have an FHA or VA loan). Both FHA and VA loans come with a streamline refinance option, which essentially means a fast-tracked path to a new mortgage loan. You often won’t need a credit check, home appraisal or much paperwork, and you can close on your loan in just a couple of weeks.

Mortgages 432

Mortgages VA loan Loans Loan Officer 432

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. Profits declined from $204 million in the previous quarter. It all starts with a $1.514 billion servicing portfolio in the first quarter, down from $1.556 billion in the fourth quarter of 2024.

VA loan 289

VA loan Equity Loans Mortgages 289

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

JANUARY 3, 2024

The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% Mortgage applications decreased 9.4% compared to 0.4%

Mortgages 431

Mortgages VA loan FHA loan Loans 431

Housing Wire

SEPTEMBER 17, 2024

These lenders take advantage of the profit margins on VA loans to charge veterans inflated fees and higher interest rates. Patton Gade, National Director of Military Lending at UMortgage and 2023 Scotsman Guide #1 VA Loan Originator, says, “we can do better. Veterans need an advocate, and that’s exactly what we are.”

Lending 410

Lending VA loan Loans Mortgages 410

Housing Wire

MARCH 22, 2023

It also allows qualifying veterans to get into the housing market with no down payments, limited closing costs, and no monthly mortgage insurance costs. The program is separate from the broader VA loan program that is available to all veterans. interest rate for the life of the loan.

VA loan 397

VA loan Mortgages Land Loans 397

Housing Wire

MAY 8, 2023

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 loans can be assumed by anyone, and the new borrower assumes those benefits. You do not have to be a veteran to assume a VA loan.

VA loan 397

VA loan Mortgages Marketing Loans 397

Housing Wire

MAY 17, 2024

On a more granular level, Sioux Falls topped the list for affordability among the top 10 metros, followed closely by Wichita Falls. Department of Veterans Affairs (VA), Texas led the nation with 10,237 VA loans originated in second quarter of 2024. In terms of safety, Rochester ranked first.

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VA loan Loans Mortgages Closing 439