Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

FHA loan 294

FHA loan Loans Title Mortgages 294

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market.

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

FHA loan 437

FHA loan Bankruptcy Marketing Loans 437

Housing Wire

APRIL 10, 2023

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. by the end of the month, Black Knight’s Optimal Blue mortgage market indices showed. Compared to the same period last year, cash-out refis were down 80% and rate/term refis declined 71%.

FHA loan 364

FHA loan Marketing Lending Mortgages 364

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 429

Equity VA loan FHA loan Mortgages 429

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. of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex.

FHA loan 404

FHA loan Loan Officer Loans Mortgages 404

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 414

Industrial MLS FHA loan Agents 414

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

OCTOBER 25, 2023

“These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity.” The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% from 14.8% from 14.8%

Mortgages 421

Mortgages VA loan FHA loan Loans 421

Housing Wire

DECEMBER 22, 2021

17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The overall market composite index dipped 31.9% That marks the second-highest amount ever, indicating more activity in the higher end of the market. . in the period.

Mortgages 383

Mortgages VA loan FHA loan Fixed-rate mortgage 383

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 loans are probably the best loans on the market.

VA loan 448

VA loan Agents Seller concession FHA loan 448

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. percentage points of the loan amount,” Nunziata said. The second year you’re going to save $250 a month as opposed to $60.

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Marketing FHA loan Loans Mortgages 404

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. million in mortgages valued at $1.7

FHA loan 471

FHA loan Loans Mortgages Equity 471

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. The overall market composite index dipped 27.3% Refinance apps fell 36.5%

FHA loan 432

FHA loan Mortgages VA loan Fixed-rate mortgage 432

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As by the end of 2023.

Mortgages 408

Mortgages Equity VA loan FHA loan 408

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S. Exacerbating things further, inflation at 8.5%

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Marketing FHA loan Loans Sales 370

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. from 11.7%.

Fixed-rate mortgage 502

Fixed-rate mortgage Mortgages FHA loan Loans 502

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% 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. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior.

VA loan 398

VA loan FHA loan Fixed-rate mortgage Loans 398

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. The overall market composite index dipped 24.5%

Mortgages 423

Mortgages VA loan FHA loan Fixed-rate mortgage 423

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 364

Mortgages Loan Officer FHA loan Equity 364

Housing Wire

OCTOBER 14, 2022

The Mortgage Bankers Association and fellow trade group the Black Homeownership Collaborative have joined the chorus of voices imploring HUD Secretary Marcia Fudge to reduce mortgage insurance premiums (MIPs) and suspend life-of-loan requirements for borrowers with FHA-insured loans.

FHA loan 412

FHA loan Loans Mortgages Industrial 412

Housing Wire

OCTOBER 21, 2022

housing market is evolving rapidly, and housing affordability has eroded nationwide, with first-time homebuyers and lower income households that Ginnie Mae exists to serve feeling the effects most acutely,” Ginnie Mae President Alanna McCargo said in a statement Friday. How local lenders can support homeownership in today’s housing market.

VA loan 347

VA loan FHA loan Loans Banks 347

Housing Wire

NOVEMBER 30, 2021

The overall market composite index dipped 29.6% 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. The average loan amount increased to $414,700, the highest since February. in the period.

Mortgages 375

Mortgages VA loan FHA loan Fixed-rate mortgage 375

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. Consumers also reported long delays in having their loan modified so that they could resume payments on the mortgage.

Mortgages 441

Mortgages FHA loan Loans Title 441

Housing Wire

OCTOBER 19, 2022

Large IMBs with portfolio holdings or a non-qualified mortgage (non-QM) loan focus have more risk than smaller IMBs, concluded the CHLA’s latest report, which was issued Wednesday. IMBs’ highest priority is to reduce and align expenses with shrinking loan volume and reduced profit margins.

VA loan 388

VA loan FHA loan Fixed-rate mortgage Banks 388

Housing Wire

NOVEMBER 17, 2021

Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. Overall, the Market Composite Index, a measure of the mortgage loan application volume, decreased 2.8% For jumbo loans (greater than $548,250), it remained at 3.26%. VA loans consisted of 10.8%, increasing six basis points.

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VA loan FHA loan Investor Loans 414

Housing Wire

AUGUST 19, 2021

Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago.

VA loan 424

VA loan Mortgages FHA loan Loans 424

Housing Wire

MAY 13, 2021

Amid continued competition from borrowers, the average loan size of a new home reached its highest level in the survey’s history at $377,434. By loan type, conventional loans backed by Fannie Mae and Freddie Mac took the lion’s share at 72.9% of loan applications, followed by just 15.8% of FHA loans, 10.3%

Sales 451

Sales FHA loan Loans Construction 451

Housing Wire

MARCH 11, 2022

In relation other top 10 reverse mortgage lenders, Fairway stands out by making a concerted effort to cultivate more H4P business in an environment where many other reverse mortgage companies have spent much of the past 12-18 months focused on HECM-to-HECM (H2H) refinances, according to data compiled by Reverse Market Insight ( RMI ).

FHA loan 356

FHA loan Due diligence Loan Officer Loans 356

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. This means that there is demand out there, people are testing the market to see what they can afford.

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FHA loan Lending Mortgages Loans 345

Housing Wire

SEPTEMBER 21, 2020

The housing and mortgage markets have been the rare bright spots in an otherwise fragile economy brought forth by the ongoing COVID-19 pandemic. Millions of homeowners still have a sizeable incentive to refinance, given the difference between the rate on their current loan and available market rates.

FHA loan 541

FHA loan Loans VA loan Mortgages 541

Housing Wire

MARCH 5, 2024

Typically, the fees are lower than those for new loans and no appraisal is needed. In 2023, the Federal Housing Administration (FHA) and the U.S. trillion in FHA and VA loans. To begin with, assumptions are limited to FHA, VA and U.S. So, we help them include that marketing for that home.

VA loan 418

VA loan Mortgages Loans Agents 418

Housing Wire

AUGUST 15, 2022

In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo , the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. Servicing rights is treated as an asset by banks that generates revenue.

Lending 370

Lending FHA loan Banks Finance 370

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 413

Mortgages Loans Banks Investor 413

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

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums. Caught in the safety net.

FHA loan 273

FHA loan Loans Principal Mortgages 273

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans.

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VA loan Loans Mortgages Closing costs 407