HUD extends COVID-19 forbearance for FHA loans

Housing Wire

Department of Housing and Urban Development on Tuesday extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. This announcement follows FHFA action last week to extend moratoriums for loans backed by Fannie Mae and Freddie Mac. The U.S.

UWM now offering ultra-low mortgage rates on FHA loans

Housing Wire

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday.

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FHA loans: FHA rates and requirements for 2020

The Mortgage Report

FHA loans are easier to qualify for than many other mortgages. FHA rates are low, but come with mortgage insurance. See current FHA rates and requirements. FHA Home Buying FHA loan FHA Mortgage MIP Mortgage mortgage rates U.S.

FHA Loans and Down Payment Assistance: Making Homebuying Affordable

HomeLight

The Federal Housing Administration (also known as the FHA) is an agency of the U.S. The FHA doesn’t lend money itself. The FHA backing lets lenders offer easier credit terms than non-FHA loans. FHA loans are especially important for first-time buyers.

FHA loan limits increase for single-family and multifamily loans

The Mortgage Report

Current FHA loan limits for every U.S. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. FHA Home Buying Mortgage News FHA Housing Loan Limits Mortgage mortgage ratescounty.

How to apply for an FHA loan: Process and requirements to qualify

The Mortgage Report

Learn how to apply for an FHA loan and get approved. This guide covers the FHA loan application process, required documents, and guidelines to qualify. Buying a home FHA Home Buying First-Time Home Buyers

VA-like housing bill proposed for first responders, teachers

Housing Wire

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Mortgages would be subject to FHA loan limits. Loan officers, too, sometimes have reservations about government-financed loans.

Mortgage applications decrease 4%

Housing Wire

The FHA share of total mortgage applications decreased to 9.1% Mortgage Real Estate 15-year, fixed-rate mortgage 30-year, fixed-rate mortgage FHA loan mortgage applications mortgage rates 2021 VA loan

Buyer Beware: Don’t use an FHA loan to buy a 4 plex in Portland!

The Living Room

FHA is a fantastic loan product for first time home buyers who have good credit but don’t have a lot of money saved up. Since many of my clients are investors, they often ask me if they can use an FHA to buy small multifamily properties. FHA Self Sufficiency Test.

Mortgage applications are thinning as summer approaches

Housing Wire

The average loan size on a purchase application edged down to $407,000, below the record $418,000 set in February — but still far above 2020’s average of $353,900.” The FHA share of total mortgage applications decreased to 9.5%

Mortgage applications rise again, despite rates jump

Housing Wire

The FHA share of total mortgage applications decreased to 9.5% from 0.25 (including the origination fee) for 80% LTV loans. Mortgage Mortgage Rates 30-year, fixed-rate mortgage FHA loan Freddie Mac mortgage applications Mortgage Bankers Association VA loan

Applications drop, despite falling mortgage rates

Housing Wire

The FHA share of total mortgage applications decreased to 10.7% Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.17% from 3.2%

Mortgage applications jump as rates fall to 2.96%

Housing Wire

“Additionally, refinance loan balances increased for the fourth straight week, an indication that higher-balance borrowers acted to take quick advantage of lower rates.” The FHA share of total mortgage applications decreased to 9.9%

Refinance wave boosts mortgage applications 3.8%

Housing Wire

percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”. Here is a more detailed breakdown of this week’s mortgage application data: The FHA’s share of mortgage apps fell to 11.1%

Mortgage applications rebound following drop in rates

Housing Wire

“Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. The FHA share of total mortgage applications increased to 11.3% After six consecutive weeks of dips , mortgage applications rose 8.6%

Mortgage applications jump as rates plummet

Housing Wire

“With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday. The FHA share of total mortgage applications decreased to 9.1% Mortgage applications increased 5.7%

Mortgage applications dip as home prices climb

Housing Wire

The FHA share of total mortgage applications remained unchanged at 11.7% Mortgage FHA loan Joel Kan Mortgage Bankers Association mortgage rates 2021 refinance applications VA loan

DACA home loans — FHA will now approve home loans for ‘Dreamers.’ Here’s how to get approved

The Mortgage Report

Thanks to a new policy, FHA is now accepting DACA home loans. Learn about the pros and cons of FHA loans and whether you qualify for financing.

Loans 97

New-year optimism reflected in mortgage applications jump

Housing Wire

“Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. The FHA share of total applications decreased to 9.6% Mortgage applications jumped 16.7% after a 4.2%

Mortgage applications increase for second straight week

Housing Wire

All loan types hit their highest levels in two weeks. As a result, home prices and average purchase loan balances continue to rise, with the average purchase application reaching $411,400 — the highest since February.”. The FHA share of total mortgage applications decreased to 9.2%

Mortgage applications decrease as rates move higher

Housing Wire

“The average loan size for purchase loans jumped to $384,000, the second highest level in the survey.”. The FHA share of total mortgage applications decreased to 9.3% Mortgage applications decreased 1.9% for the week ending Jan.

Mortgage applications continue to fall as rates climb

Housing Wire

The FHA share of total mortgage applications increased to 11.7% Mortgage Mortgage Rates 30-year, fixed-rate mortgage FHA loan Joel Kan Lumber prices Mortgage Bankers Association MORTGAGE RATES VA loan

Mortgage applications fall for fourth week

Housing Wire

The FHA share of total mortgage applications decreased to 11.3% Mortgage Mortgage Rates FHA loan low inventory mortgage applications Mortgage Bankers Association MORTGAGE RATES purchase activity VA loan

Mortgage applications drop over holidays

Housing Wire

The FHA share of total mortgage applications remained unchanged from 10.1% Mortgage FHA loan mortgage applications Mortgage Bankers Association MORTGAGE RATES VA loanMortgage applications dropped 4.2%

Loans in forbearance gain after 6 weeks of decline

Housing Wire

According to the report, the portfolio-held and private labeled security loans were largely responsible for the recent increase, with forbearance share gaining from 7.1% to 7.3% – a total of 28,000 new loans in forbearance.

Loans 403

After record fall of 18%, forbearances rose slightly last week

Housing Wire

Although portfolio-held and private labeled security loans led the record decline the week prior, those same loans took the lion’s share of last week’s increase – rising by nearly 8,000, the report said.

Mortgage applications rise 4.6%

Housing Wire

The average loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”. As a result, the lower price tiers are seeing slower growth, which is contributing to the rising trend in average loan balances,” Kan said.

Rising rates push mortgage applications down for fifth week

Housing Wire

The FHA share of total mortgage applications decreased to 10.2% Mortgage 15-year FRM 30-year, fixed-rate mortgage FHA loan Joel Kan mortgage applications Purchase mortgage applications VA loan

MBA Data Indicates Large Declines for Past Due and Seriously Delinquent Loans

Eyes on Housing

According to the Mortgage Bankers Association’s (MBA) fourth quarter National Delinquency Survey (NDS), on a seasonally adjusted basis, the percentage of loans past due decreased from 6.38% in the first quarter to 5.47%.

Loans 132

3 strategies for beating institutional investors in a bidding war

Inman

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Texas storm deflates mortgage application numbers

Housing Wire

The higher-priced segment of the market continues to perform well, Kan said, with the average purchase loan size increasing to a survey-high of $418,000. The FHA share of total mortgage applications increased to 11.2% Mortgage applications decreased 11.4%

For the first time since April, forbearances fall below 3 million

Housing Wire

In the week prior, portfolio-held and private labeled security loans were largely responsible for the slight increase, with forbearance share gaining to 7.3% for a total of 28,000 new loans in forbearance. However, last week those same loans led the record decline after falling nearly a quarter (-24%) from the week prior, boasting a 228,000 reduction.

What agents should know about working with institutional investors

Inman

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What’s the down payment for a $300,000 house?

The Mortgage Report

About Mortgages Buying a home First-Time Home Buyers 000 home down payment for $300k house down payment for conforming mortgage down payment for FHA loans down payment for USDA loans down payment for VA loans down payment requirement how much down payment for $300 how much down payment needed

Conventional and FHA Mortgages Finance 90% of New Home Sales in Q1 2021

Eye on Housing

Census Bureau reveals that conventional loans financed the largest share of new home sales since 2018. The share of sales backed by conventional loans in the Q1 2021 increased 2.8 FHA-backed sales made up 19.3%.