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 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

7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1%

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 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%

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 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 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 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 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

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

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%

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 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

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

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 400

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%

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.

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.

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.

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%.

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

How to help cash-strapped buyers overcome financing hurdles

Inman

Agent Brokerage Columns Opinion Select Service down payment down payment assistance fha FHA loans financing loans preapproval letters teresa boardmanFor some homebuyers, down payment assistance can prove to be a game-changer.

The 9 best FHA mortgage lenders for 2021

The Mortgage Report

FHA lenders offer low down payments and competitive rates, even for borrowers with bad credit. Here are the best FHA-approved lenders for your home loan.

Mortgage applications decrease 1%

Inman

Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association.

‘Bring your big damn purse’: How women can build wealth through real estate

Inman

courtney poulos FHA loans Gretchen Pearson inman events investing investing in real estate sara sutachan section 8 Women in real estate investingWomen have a lot of catching up to do in the investment space, speakers at Inman Connect said during a panel on Tuesday.

Share of mortgages in forbearance continues decline, falling to 7.4%

Inman

For the eighth week in a row, total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans.

Share of mortgages in forbearance drops to lowest level since April

Inman

Analysis Data Markets & Economy Mortgage fannie mae FHA loans freddie mac ginnie mae independent mortgage banks Mike Fratantoni mortgage bankers association mortgage forbearance VA loansMortgages in forbearance decreased from 6.93 percent to 6.87

Opendoor expands service offerings across multiple markets

Inman

The company is expanding its iBuying, in-person and virtual touring and financing services across multiple US markets, it was announced Thursday.

Mortgage applications increase for fourth time in 5 weeks

Inman

Mortgage applications and refinance applications increased during the week ending December 11, 2020, according to the Mortgage Bankers Association's weekly survey.

Amid Record Low Rates, Refinancing Flourishes

Eye on Housing

Read More › Uncategorized 30-year fixed-rate mortgage FHA loans inventory mortgage bankers association refinancing VA loans

Increased Share of All-Cash New Home Sales Marks a Busier-Than-Usual Fourth Quarter

Eye on Housing

Census Bureau reveals that conventional loans financed the most new home sales in a fourth quarter since 2006 (see red bars in the chart below). However, the share of sales backed by conventional loans in the fourth quarter was down 2.2

Sales 81

FHA homeowners have the most to lose during economic upheaval

Inman

Three chief economists share how FHA homeowners have been disproportionately impacted by 2020's coronavirus-induced unemployment boom and what it means for next year's market.