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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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.

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FHA loan Mortgages VA loan Fixed-rate mortgage 433

Housing Wire

JUNE 26, 2023

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. 35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. “The

VA loan 369

VA loan FHA loan Fixed-rate mortgage Principal 369

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 414

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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. Department of Veterans Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to The Wall Street Journal. trillion in FHA and VA loans.

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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.

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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% Refi apps fell 42.4%

Mortgages 392

Mortgages VA loan FHA loan Fixed-rate mortgage 392

Housing Wire

NOVEMBER 20, 2020

The 30-year conventional dropped from 3.02% to 3.01%, and VA fell from 2.78% to 2.75%. FHA loans remained the same, holding steady at 3.01% in October. The number of closed loans increased 7.1% The number of conventional loans increased in October to 82% – up from 80% in September. respectively.

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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% Refi represented 63.1%

Mortgages 424

Mortgages VA loan FHA loan Fixed-rate mortgage 424

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. The average loan amount increased to $414,700, the highest since February. VA loans consisted of 10% of the share, decreasing three basis points.

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Mortgages VA loan FHA loan Fixed-rate mortgage 390

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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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. Industry trade groups cheered the decision to delay the rule’s implementation.

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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.

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Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time. So, the servicing valuation on those loans is strong, because pre-payments are low.

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Housing Wire

JUNE 30, 2023

According to the company’s statement, “The relevant loans, some dating back 15 years, make up less than a half percent of our total federal loans originated during this time frame. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

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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.

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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.

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Housing Wire

SEPTEMBER 21, 2020

Millions of homeowners still have a sizeable incentive to refinance, given the difference between the rate on their current loan and available market rates. 1, 2020, it was not unusual to see lenders quoting higher rates for refinances relative to purchase loans. Even prior to the imposition of this fee, now effective on Dec.

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RIS Media

MAY 9, 2022

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the end of the first quarter of 2022, according to the latest Mortgage Bankers Association’s (MBA) National Delinquency Survey, released last week. percent dating back to 1979.

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Calculated Risk Real Estate

FEBRUARY 8, 2024

From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88 Of particular note, FHA delinquencies were up 131 basis points. The FHA delinquency rate increased 131 basis points to 10.81

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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. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

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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

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Real Trends

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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RIS Media

FEBRUARY 22, 2022

The average loan size of new homes increased from $423,102 in December to $426,954 in January. By product type, loan applications broke down as: Conventional loans: 77%. FHA loans: 13%. VA loans: 9.5%. RHS/USDA loans: 0.5%.

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RIS Media

JANUARY 24, 2022

“Applications to buy a new home slowed in December, while the activity remained tilted to higher-priced homes,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting, in a press release. The average loan size set another survey record at $423,102, as these higher building costs are pushing sales prices higher.”.

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HomeLight

MARCH 9, 2023

Disclaimer: This post about loan and assistance programs for low-income and minority homebuyers is provided for educational purposes and does not constitute financial advice. We’ve gathered information about assistance programs and their various options, from loans to down payment assistance. However, there is help out there.

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RIS Media

APRIL 22, 2022

Breakdown by product type: Conventional loans composed 76.6% of loan applications. FHA loans composed 13.0%. RHS/USDA loans composed 0.2%. VA loans composed 10.2%. The average loan size of new homes increased from $432,359 in February to $436,151 in March.

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RIS Media

MARCH 21, 2022

By product type, conventional loans composed 76.9% of loan applications, FHA loans composed 12.9%, RHS/USDA loans composed 0.3% and VA loans composed 9.9%. The average loan size of new homes increased from $426,954 in January to $432,359 in February.

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RIS Media

SEPTEMBER 21, 2021

By product type: – Conventional Loans: 75.1% of loan applications. – FHA Loans: 13.8%. – RHS/USDA Loans: 0.6%. – VA Loans: 10.5%. The average loan size of new homes increased from $402,440 in July to $406,922 in August. from 64,000 new-home sales in July.

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Mortgages VA loan FHA loan Loans 105

Housing Wire

JUNE 9, 2021

percent,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. 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.” from 0.29 (including the origination fee) for 80% LTV loans.

Fixed-rate mortgage 441

Fixed-rate mortgage Mortgages Loans Industrial 441

Housing Wire

JANUARY 13, 2021

The jump underlines the seasonality behind last week’s decreas e in mortgage rates, as well as the expectation of additional fiscal stimulus from the incoming administration, per MBA Associate Vice President of Economic and Industry Forecasting Joel Kan. The FHA share of total applications decreased to 9.6% from 10.1%

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Fixed-rate mortgage Mortgages Loans Industrial 498

RIS Media

MAY 13, 2021

. “Purchase applications for new homes, unadjusted for typical seasonal patterns, declined in April, but the average loan size increased to its highest level in MBA’s survey,” said Joel Kan, MBA’s associate vice president of Economic and Industry Forecasting. By product type, conventional loans composed 72.9%

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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.

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Housing Wire

MAY 26, 2021

. “Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Fixed-rate mortgage Mortgages Loans Industrial 498

Housing Wire

APRIL 21, 2021

The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting.

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Fixed-rate mortgage Mortgages Loans Industrial 457

Housing Wire

MAY 12, 2021

. “The decline in rates helped the refinance index reach its highest level in eight weeks, driven by a 4% increase in conventional refinances,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

OCTOBER 7, 2020

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, mortgage rates declined across the board last week – with most falling to record lows – and borrowers responded as refis remained 50% higher than the same week one year ago when rates hovered near 3.64%. of total applications from 63.3% the week prior.

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