Housing Wire

FEBRUARY 27, 2024

DKMC), has tapped industry veteran Mosi Gatling as senior vice president of strategic growth and expansion, a newly created role on NAF’s leadership team. of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. This position presents me with an opportunity to affect positive change across the industry.”

FHA loan 420

FHA loan Loan Officer Loans Mortgages 420

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. As the economy slows and [the] labor market cools, homeowners with FHA loans are likely to feel the distress first,” said Walsh.

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 400

Mortgages VA loan FHA loan Lending 400

Housing Wire

OCTOBER 25, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.8% for the week ending Oct.

Mortgages 447

Mortgages VA loan FHA loan Loans 447

RISMedia

DECEMBER 10, 2021

The FHA is now a go-to-place for moderate-to-low income workers with good credit histories. The post How to Get Approved for an FHA Loan appeared first on RISMedia's Housecall. A home is a long-term investment, however, when […].

FHA loan 111

FHA loan Loans As-is Industrial 111

Housing Wire

JUNE 1, 2022

The Community Home Lenders Association (CHLA), backed by 41 IMBs, sent a letter urging the FHA to streamline its servicing guidelines, increase permissible lender fees for executing an assumption of an FHA loan, and make changes to FHA’s condo rules.

FHA loan 383

FHA loan Loans Mortgages Banks 383

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Back in early April, the FHA introduced a proposed rule for a 40 year loan modification option.

Loans 421

Loans Industrial Mortgages Real-estate owned 421

Housing Wire

APRIL 10, 2023

However, when investors flocked to safe-haven assets in the wake of uncertainty in the banking sectors — which led to rates coming down roughly a quarter of a point — the mortgage industry saw another quick surge in originations, particularly the purchase market, Walden noted. before dropping to 6.4%

FHA loan 382

FHA loan Marketing Lending Mortgages 382

Housing Wire

FEBRUARY 15, 2024

VA loans are 12% of the mortgage market,” Garg said. “So, So, we are hoping that we can get to the industry average, at least having 10% of our volume to be VA loans in 2024.” Better has a small team of employees dedicated to VA loans, which Garg said will grow in correspondence to the company’s market share in the segment.

VA loan 399

VA loan Loans Loan Officer FHA loan 399

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. VA loans comprised 10.7%, increasing seven basis points. in the period.

FHA loan 441

FHA loan Mortgages VA loan Fixed-rate mortgage 441

Inman

NOVEMBER 21, 2023

Having just slashed annual mortgage insurance premiums on new FHA loans by 35 percent in March, and with total insurance in force growing faster than reserves, HUD officials show no signs of giving in to long-standing industry demands.

Loans 182

Loans FHA loan Mortgages Industrial 182

Housing Wire

DECEMBER 27, 2022

FHA Commissioner Julia Gordon. The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. A strong backstop for FHA loans.

FHA loan 479

FHA loan Loans Mortgages Equity 479

Housing Wire

SEPTEMBER 22, 2023

It’s people in the industry that know who the players are that are in trouble. The employment data comes out on a lag basis for brokers and loan officers. That’s really the question that the industry has to focus on. DPA programs were predominantly for FHA loans. In the mortgage space?

FHA loan 450

FHA loan Bankruptcy Marketing Loans 450

Housing Wire

NOVEMBER 20, 2020

FHA loans remained the same, holding steady at 3.01% in October. From September to October, the average time to close all loans increased from 51 to 54 days, with the average time to close a refinance increasing from 54 to 57 days and average time for a purchase climbing one day to 48 days. Overall loan applications are down 9.3%

Closing 439

Closing FHA loan Mortgages VA loan 439

Housing Wire

JUNE 5, 2023

Providing presentations on whether to opt for a conventional loan, Federal Housing Administration (FHA) loan, Fannie Mae ’s HomeReady or Freddie Mac ’s HomePossible loans while winning over contracts in a multiple bid environment are key to creating client stickiness, Lotsoff added.

Loan Officer 384

Loan Officer Loans Mortgages FHA loan 384

Housing Wire

JUNE 3, 2022

Since then, Lakeview has unveiled two additional PLS offerings involving pools of delinquent FHA loans also securitized via Ginnie Mae. The more recent offerings — Lakeview Trust 2022-EBO2, which closed in late April; and Lakeview Trust 2022-EBO3, set to close in early June — also involve EBO loans, according to KBRA ratings reports.

Loans 396

Loans FHA loan Principal Marketing 396

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

FEBRUARY 16, 2023

“As expected, the overall national mortgage delinquency rate increased in the fourth quarter of 2022 from its previous quarterly survey low,” Marina Walsh, MBA’s vice president of industry analysis, said. The FHA loan delinquency rate rose the most by a whopping 209 bps to 10.61% in the fourth quarter from the previous quarter.

Mortgages 421

Mortgages Equity VA loan FHA loan 421

Housing Wire

NOVEMBER 4, 2020

According to Joel Kan , MBA’s associate vice president of economic and industry forecasting, borrowers made a grab for both conventional and government refi’s. percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”. of total applications.

Fixed-rate mortgage 508

Fixed-rate mortgage Mortgages FHA loan Loans 508

Housing Wire

JUNE 26, 2023

at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said. The serious delinquency rate also decreased to 0.6%

VA loan 369

VA loan FHA loan Fixed-rate mortgage Principal 369

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 405

Mortgages Loan Officer FHA loan Equity 405

Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. VA loans consisted of 10.3% from the week prior. in the period.

Mortgages 432

Mortgages VA loan FHA loan Fixed-rate mortgage 432

Housing Wire

NOVEMBER 30, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said mortgage rates rose for the third week in a row, reducing incentives for many borrowers to refinance. For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%. Meanwhile, FHA loans went from 8.6% the previous week.

Mortgages 395

Mortgages VA loan FHA loan Fixed-rate mortgage 395

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%.

VA loan 409

VA loan FHA loan Fixed-rate mortgage Loans 409

Housing Wire

DECEMBER 22, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that the average purchase loan increased to $416,200. VA loans comprised 11.5%, an increase of nine basis points. Meanwhile, the share of FHA loans remained unchanged at 9.6% The share of USDA loans was 0.5%.

Mortgages 397

Mortgages VA loan FHA loan Fixed-rate mortgage 397

Housing Wire

MAY 4, 2021

In April, the Consumer Financial Protection Bureau warned the industry of its plans to keep a much closer eye on servicers as they transition borrowers out of forbearance. The CFPB pointed out FHA loans in particular as having complications when borrowers attempted making a partial claim or modifying their loan to address forborne payments.

Mortgages 450

Mortgages FHA loan Loans Title 450

Housing Wire

OCTOBER 14, 2022

The annual MIP stands at 85 basis points for most FHA loans and hasn’t been reduced since the Obama administration in 2015.

FHA loan 431

FHA loan Loans Mortgages Industrial 431

Housing Wire

OCTOBER 21, 2022

“Our Issuers and the mortgage servicing industry are integral to the government mortgage system, and they are also adapting and adjusting to market conditions. Industry trade groups cheered the decision to delay the rule’s implementation.

VA loan 367

VA loan FHA loan Loans Banks 367

Housing Wire

NOVEMBER 17, 2021

Overall, the Market Composite Index, a measure of the mortgage loan application volume, decreased 2.8% Joel Kan, associate vice president of economic and industry forecasting at the MBA, said refi applications decreased for the seventh time in eight weeks, as mortgage rates increased following two weeks of declines. the previous week.

VA loan 421

VA loan FHA loan Investor Loans 421

Housing Wire

DECEMBER 23, 2020

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. The 30-year rate is up to 2.86% in the most recent MBA survey, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Mortgage applications jumped 0.8%

Fixed-rate mortgage 538

Fixed-rate mortgage Mortgages FHA loan Loans 538

Housing Wire

MARCH 11, 2022

According to data compiled by RMI , total share of H4P volume across the entire reverse mortgage industry made up only 4.2% Most of our loan originators have built referral partnerships over decades in some cases,” Hultquist says of Fairway’s LO corps. Diagnosing low H4P uptake. of all endorsements in 2021.

FHA loan 369

FHA loan Due diligence Loan Officer Loans 369

Housing Wire

AUGUST 16, 2023

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit. As reported in our most recent Mortgage Credit Potential Index (MCPI), YoY we are seeing a 27% drop in inquiries overall.

FHA loan 366

FHA loan Lending Mortgages Loans 366

Housing Wire

OCTOBER 19, 2022

The Mortgage Bankers Association (MBA) forecasts that if the mortgage industry experiences a 65% drop in origination volume between the fourth quarter of 2020 and the first quarter of 2023, production employment will likely need to be scaled back by 24 to 31%.

VA loan 408

VA loan FHA loan Fixed-rate mortgage Banks 408

Housing Wire

AUGUST 19, 2021

Marina Walsh, vice president of industry analysis at the MBA, noted that the recovery is being driven by several factors “including improved employment and other economic conditions, the availability of home retention workout options after forbearance, and a strong housing market that is bringing additional alternatives to distressed homeowners.”.

VA loan 432

VA loan Mortgages FHA loan Loans 432

Housing Wire

MAY 13, 2021

“Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. of loan applications, followed by just 15.8% of FHA loans, 10.3%

Sales 466

Sales FHA loan Loans Construction 466

Housing Wire

AUGUST 15, 2022

The bank’s third-party servicing business is expected to downsize as well, including the servicing of Federal Housing Administration (FHA) loans, the report said. Servicing rights is treated as an asset by banks that generates revenue. billion as of the quarter ended June 30, 2022.

Lending 370

Lending FHA loan Banks Finance 370

Housing Wire

MAY 5, 2022

“The decrease in delinquency rates was apparent across all loan types, and especially for FHA [ Federal Housing Administration ] loans,” said Marina Walsh, vice president of industry analysis at the MBA.

Mortgages 370

Mortgages FHA loan Loans Residential 370