Housing Wire

DECEMBER 3, 2023

Loans in active foreclosure inched up to 217,000, but remained more than 25% below pre-pandemic levels. About 70% of loans currently three or more payments past due are protected from foreclosure by ongoing loss mitigation efforts. In 2024, roughly 75% of originations expected to come from purchase loans. for VA loans.

Equity 433

Equity VA loan FHA loan Mortgages 433

Housing Wire

AUGUST 11, 2023

“Buoyed by a resilient job market, homeowners are continuing to make their mortgage payments,” Marina Walsh, the MBA’s vice president of industry analysis, said in a statement. The percentage of loans on which foreclosure actions were started in the second quarter fell by 3 basis points.

FHA loan 370

FHA loan Mortgages Loans Residential 370

Housing Wire

MARCH 29, 2024

The Consumer Financial Protection Bureau (CFPB) this week released its 2023 Consumer Response Annual Report , offering an overview of consumer complaints in a variety of industries overseen by the bureau. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%).

Mortgages 391

Mortgages VA loan FHA loan Lending 391

Housing Wire

JUNE 26, 2023

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week. The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans.

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VA loan FHA loan Fixed-rate mortgage Principal 369

Housing Wire

DECEMBER 15, 2021

“Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

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VA loan FHA loan Fixed-rate mortgage Loans 403

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

MARCH 14, 2024

These include the integration of forward mortgage professionals into the reverse mortgage business, how the Home Equity Conversion Mortgage (HECM) limit for 2024 could end up impacting the industry, and the openness of both clients and referral partners to reverse mortgage conversations. 2024 HECM limit On Jan.

Mortgages 397

Mortgages Loan Officer FHA loan Equity 397

Housing Wire

AUGUST 15, 2022

The depository bank will likely shrink or potentially halt correspondent lending, in which Wells Fargo funds the loan arranged by outsiders, Bloomberg reported , citing unnamed sources. billion in volume , according to Inside Mortgage Finance. Servicing rights is treated as an asset by banks that generates revenue.

Lending 370

Lending FHA loan Banks Finance 370

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

FEBRUARY 1, 2023

It varies a little bit based on loan amount and interest rate but … a pretty good rule of thumb is a [2-1] buydown will typically cost the seller about 2.25 percentage points of the loan amount,” Nunziata said.

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

NOVEMBER 30, 2023

Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. In February, the FHA launched a request for information regarding the 203(k) program. In high-cost areas, however, it can go up to $75,000.

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Inspection Finance Renovation Loans 440

Norada Real Estate

MAY 3, 2023

Real estate loans are a crucial part of the real estate industry, providing investors with the necessary funds to purchase, renovate, or refinance properties. From conventional loans to government-backed FHA and VA loans, there are various types of real estate loans available in the market.

Loans 52

Loans VA loan FHA loan Hard money loan 52

Housing Wire

JUNE 22, 2023

Planet has acquired a $10 billion mortgage servicing rights (MSR) bulk of Ginnie Mae loans from Village Capital & Investment LLC. The deal with Village consists of 45,000 home loans securitized by Ginnie Mae. billion owned mortgage servicing portfolio, according to Inside Mortgage Finance (IMF) estimates.

Closing 358

Closing Lending Loans Commercial 358

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Loans 423

Loans FHA loan Mortgages Loan Officer 423

Housing Wire

SEPTEMBER 13, 2023

Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. It allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. New York-based mortgage platform Roam has secured a $1.25

Mortgages 423

Mortgages Loans Banks Investor 423

Housing Wire

OCTOBER 16, 2020

billion in mortgage loans held for sale. It retained servicing on 85% of its loans. of Guild’s loans in 2019 were conventional, 21.2% were FHA loans, and 12.9% For the first six months of 2020, Guild made $322.9 million from its originations business but lost $148 million from mortgage servicing.

Mortgages 370

Mortgages Purchase and sale agreement FHA loan Loans 370

Realtor.com

FEBRUARY 3, 2021

If you’re a potential home buyer and you qualify for a conventional loan, you still need thousands of dollars in cash for a down payment, closing costs , and other expenses. Read on to learn about who qualifies, and how micromortgages differ from other types of loans. What exactly is a micromortgage?

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Loans FHA loan Finance Loan Officer 111

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity.

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Fixed-rate mortgage Mortgages Loans Finance 382

Realtor.com

FEBRUARY 3, 2021

If you’re a potential home buyer and you qualify for a conventional loan, you still need thousands of dollars in cash for a down payment, closing costs , and other expenses. Read on to learn about who qualifies, and how micromortgages differ from other types of loans. What exactly is a micromortgage?

Loans 98

Loans FHA loan Finance Loan Officer 98

Housing Wire

FEBRUARY 8, 2022

We service their loans. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge. When the pandemic hit, and they put their loan into forbearance, it was quite easy. For example, with Federal Housing Administration ( FHA ) loans, 1.5

Loans 369

Loans Pre-approval Mortgages Principal 369

Realty Biz

JULY 23, 2023

Understanding the implications of 1099 income on mortgage loans is crucial. It's essential to grasp how 1099 income affects mortgage loans and what lenders look for when determining eligibility for home financing. Self-employed individuals include freelancers, consultants, and independent contractors across various industries.

Debt-to-income ratio 70

Debt-to-income ratio FHA loan Lending Loans 70

Realty Biz

MARCH 30, 2023

Assess Your Finances As you might assume, a good place to begin is by assessing your finances. There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. How Has Inflation Disrupted the Housing Industry?

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. Go [Mortgage] was on that list,” Reich said.

Loans 392

Loans Mortgages Loan Officer Pre-approval 392

Housing Wire

DECEMBER 20, 2021

. “Servicers don’t want to get in a position where the customers think they are deciding who gets the money or not,” said Dana Dillard, principal advisor at Housing Finance Strategies , a consulting firm for the mortgage and servicing industry. Up to the task?

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Pre-approval Loans Mortgages Principal 382

GeekEstate

FEBRUARY 14, 2024

I am 26 years old and originally from Germany, now making my mark in the US mortgage industry. During my time at LendUS, I witnessed firsthand the inefficiencies and questionable practices in the industry. I was particularly troubled by Loan Originators exploiting consumer ignorance to impose exorbitant fees on mortgage transactions.

Purchase and sale agreement 64

Purchase and sale agreement FHA loan Development Loans 64

RIS Media

AUGUST 5, 2020

The report presents disaggregated regional, demographic, socioeconomic and housing data for the most diverse and fastest-growing population in the United States, providing a comprehensive resource for industry professionals, leaders and decision-makers as they map ways to better serve this community. billion in loan value.

VA loan 95

VA loan FHA loan Pre-qualification Pre-approval 95

RIS Media

MAY 19, 2021

The loan process is a whole different process that can seem like a foreign language. Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. Non-Recurring Costs Associated With the Lender. Lender Fee.

Closing costs 116

Closing costs Closing VA loan Pre-approval 116

Broke Agent Media

FEBRUARY 22, 2023

Vice President Harris and Department of Housing and Urban Development Secretary Fudge announced today that HUD, through the Federal Housing Administration (FHA), will reduce its annual mortgage insurance premium by 0.30%, from 0.85% to 0.55%, for an estimated 850,000 borrowers in 2023. What does a reduction in MIP mean for home buyers?

Mortgages 98

Mortgages FHA loan Principal Loans 98

Redfin

APRIL 16, 2024

Pittsburgh, PA, is known for its industrial history, natural beauty, and unique architecture. For many, buying a home in Pittsburgh is a dream come true, but it’s also important to know how it will impact your finances. Some loan types allow for lower down payment amounts. It’s the second-lowest amount in the country.

FHA loan 58

FHA loan Loans Principal Mortgages 58

HomeLight

AUGUST 31, 2020

Knowing whether you qualify and how to qualify as a first-time homebuyer is half the battle, then comes understanding the advantages — like low-money-down or no-money-down loans and grants that often accompany the coveted first-time buyer status. down (FHA). USDA Rural Development loans also allow for 100% financing (or 0% down).

Debt-to-income ratio 67

Debt-to-income ratio FHA loan Pre-qualification VA loan 67

Realtor.com

AUGUST 6, 2020

For nearly two months now, the share of mortgage borrowers who have received approval to skip their monthly loan payments has fallen precipitously. The percentage of Ginnie Mae loans in forbearance increased one basis point to 10.28%, according to the most recent data released Monday by the Mortgage Bankers Association.

Mortgages 88

Mortgages Loans VA loan FHA loan 88

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. When Finance of America announced their closure, we started searching around,” Reich said. “Refis are the easier product of the industry,” Reich said. “We

Mortgages 488

Mortgages FHA loan Loan Officer Construction 488

Housing Wire

MAY 10, 2023

That’s the entire mortgage industry shouting, “hip, hip hooray!” ” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%.

FHA loan 537

FHA loan Loans Principal Mortgages 537

Redfin

MAY 2, 2023

The state’s economy is driven by various industries, including technology, tourism, energy. Get your finances together Getting your finances in order is crucial when buying a home in Colorado. The state is also known for its blue skies, over 300 days of sunshine per year, and relatively low humidity.

Pre-approval 57

Pre-approval FHA loan Loans Finance 57

Housing Wire

FEBRUARY 22, 2023

The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums (MIP) of 55 bps for most borrowers, down from 85.

Industrial 450

Industrial Mortgages FHA loan Finance 450

Easy Agent Pro

DECEMBER 29, 2021

In fact, “bad credit home loans,” “bad credit mortgages” and “how to buy a home with bad credit” are up-trending search terms on Google, especially in California, Texas and Florida. Although FHA loans are granted to some borrowers with a score as low as 500, they will need to come up with a 10% down payment. 670 to 739: good.

Agents 102

Agents FHA loan Loans Lending 102

Realty Biz

AUGUST 28, 2020

million student loan borrowers had a student loan balance of at least $100,000, according to personal finance site Make Lemonade. With many of these jobs in service industries such as restaurants, bars, tourism, or retail, many have lost out on this opportunity to stockpile cash for the school year. Student job loss.

VA loan 95

VA loan FHA loan Loans Finance 95