Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Typically, the fees are lower than those for new loans and no appraisal is needed. trillion in FHA and VA loans.

VA loan 427

VA loan Mortgages Loans Agents 427

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. The post Mortgage delinquencies shrink in Q2 appeared first on HousingWire.

VA loan 432

VA loan Mortgages FHA loan Loans 432

Housing Wire

NOVEMBER 24, 2021

Mortgage applications increased 1.8% 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Regarding refi activity, Kan added that “borrowers continue to lock in mortgages in anticipation of higher rates in the future.” . VA loans consisted of 10.3%

Mortgages 431

Mortgages VA loan FHA loan Fixed-rate mortgage 431

Housing Wire

NOVEMBER 30, 2021

Mortgage applications declined 7.2% 26, reflecting a lower appetite for refinances, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. However, mortgage applications declined across the board in comparison to a year ago. VA loans consisted of 10% of the share, decreasing three basis points.

Mortgages 380

Mortgages VA loan FHA loan Fixed-rate mortgage 380

Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 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. Compared to a year ago, mortgage applications declined across the board. of total mortgage applications, up from 63.3%

Mortgages 388

Mortgages VA loan FHA loan Fixed-rate mortgage 388

Housing Wire

NOVEMBER 20, 2020

Ellie Mae ’s Origination Insight report for October demonstrates some of the side effects of the historically low mortgage rates we’ve seen in 2020: incredibly high volume and an increase in time-to-close. The 30-year conventional dropped from 3.02% to 3.01%, and VA fell from 2.78% to 2.75%. Overall loan applications are down 9.3%

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Closing FHA loan Mortgages VA loan 423

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. Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!)

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VA loan Loans Mortgages Closing costs 414

Housing Wire

DECEMBER 15, 2021

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. from the week prior.

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Housing Wire

JUNE 26, 2023

“The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” Mortgage rates rose in March: the average interest rate on a 30-year fixed-rate mortgage increased to 6.54% from a February level of 6.26%.”

VA loan 358

VA loan FHA loan Fixed-rate mortgage Principal 358

Housing Wire

NOVEMBER 4, 2020

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). 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.

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Fixed-rate mortgage Mortgages FHA loan Loans 508

Housing Wire

NOVEMBER 17, 2021

Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. Overall, the Market Composite Index, a measure of the mortgage loan application volume, decreased 2.8% Meanwhile, FHA loans went from 8.8%

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Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

VA loan 394

VA loan FHA loan Fixed-rate mortgage Banks 394

Housing Wire

OCTOBER 21, 2022

In a statement, Ginnie Mae acknowledged some of the concerns mortgage trade groups and lenders had about complying with the new rules. Our Issuers and the mortgage servicing industry are integral to the government mortgage system, and they are also adapting and adjusting to market conditions. The state of the U.S.

VA loan 348

VA loan FHA loan Loans Banks 348

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%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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Housing Wire

SEPTEMBER 13, 2023

New York-based mortgage platform Roam has secured a $1.25 Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Assumable mortgages, the company’s primary bet, were relatively commonplace a few decades ago. in March, is also listed as a senior advisor.

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Mortgages Loans Banks Investor 421

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 The historical average for the seasonally adjusted mortgage delinquency rate from 1979 through 2023 is 5.25

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FHA loan Mortgages VA loan Loans 73

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.

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Housing Wire

MAY 26, 2021

After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. of total mortgage applications from 63.3% The FHA share of total mortgage applications decreased to 9.1%

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Fixed-rate mortgage Mortgages Loans Industrial 486

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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Housing Wire

APRIL 28, 2021

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting.

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Fixed-rate mortgage Mortgages Loans Industrial 436

Housing Wire

OCTOBER 7, 2020

the week prior , mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% The VA share of applications rose to 12.2% After faltering 4.8%

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Fixed-rate mortgage Mortgages Loans As-is 457

Housing Wire

APRIL 21, 2021

After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. the previous week. from the week prior.

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Fixed-rate mortgage Mortgages Loans Industrial 466

Housing Wire

MARCH 24, 2021

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. He added that mortgage rates have moved higher in tandem with Treasury yields. That’s coupled with a rise in mortgage rates , too. the previous week. from 10.3%

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Fixed-rate mortgage Mortgages Loans Land 479

Housing Wire

JANUARY 13, 2021

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said.

Fixed-rate mortgage 504

Fixed-rate mortgage Mortgages Loans Industrial 504

Housing Wire

JUNE 9, 2021

For the third week in a row, mortgage applications decreased. Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. percent,” said Joel Kan, the MBA’s vice president of economic and industry forecasting.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Industrial 448

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. Mortgage origination volume this year is on track to be the highest in more than 15 years, led by a strong wave of refinances. Just how busy have lenders been? What is driving this?

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FHA loan Loans VA loan Mortgages 542

Housing Wire

JANUARY 6, 2021

Mortgage applications dropped 4.2% from two weeks prior , according to the latest report by the Mortgage Bankers Association. But mortgage applications dropped during the week ending Jan. The FHA share of total mortgage applications remained unchanged from 10.1% That should change as the year progresses, Kan said.

Fixed-rate mortgage 395

Fixed-rate mortgage Mortgages Loans Industrial 395

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. Higher mortgage rates continue to shut down refinance activity, as the pool of borrowers who can benefit from a refinance further shrinks.”. from the week prior.

Fixed-rate mortgage 431

Fixed-rate mortgage Mortgages Loans Lending 431

Housing Wire

MAY 12, 2021

After weeks of decreases , mortgage applications rose 2.1% for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%. from 10.1% the week prior.

Fixed-rate mortgage 439

Fixed-rate mortgage Mortgages Loans Industrial 439

Housing Wire

JULY 28, 2021

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. That led to the 30-year fixed mortgage rate declining to its lowest level since February of this year, according to the latest report from the Mortgage Bankers Association. from 64.9% the previous week.

Fixed-rate mortgage 384

Fixed-rate mortgage Mortgages Loans Finance 384

Housing Wire

JUNE 23, 2021

For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. of total mortgage applications from 61.7%

Fixed-rate mortgage 360

Fixed-rate mortgage Mortgages Loans Construction 360

Housing Wire

MARCH 17, 2021

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The continued increase in mortgage rates is to blame, according to MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan. from 11.6% the week prior.

Fixed-rate mortgage 409

Fixed-rate mortgage Mortgages Loans Construction 409

Housing Wire

APRIL 7, 2021

Mortgage applications decreased for the fifth straight week – this time down 5.1%, according to the latest report from the Mortgage Bankers Association. Refinance mortgage applications declined for the fifth straight week. The FHA share of total mortgage applications decreased to 10.2% from the week prior.

Fixed-rate mortgage 352

Fixed-rate mortgage Mortgages Loans Industrial 352

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

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. Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!)

VA loan 82

VA loan Loans Mortgages Closing costs 82

Housing Wire

FEBRUARY 24, 2021

Mortgage applications decreased 11.4% from one week earlier , according to data from the Mortgage Bankers Association’s weekly survey for the week ending Feb. “ Mortgage rates have increased in six of the last eight weeks, with the benchmark 30-year fixed rate last week climbing above 3% to its highest level since September 2020.”

Fixed-rate mortgage 236

Fixed-rate mortgage Mortgages Loans Industrial 236

Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. million and Guild Mortgage in October 2020 for $24.9

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Loans Mortgages Land Development 382