Housing Wire

SEPTEMBER 29, 2020

In light of rampant uncertainty and economic hardship, homeowners are leaping at the opportunity to save thousands in annual payments , and the refi market is booming. They are specialists when it comes to buying and servicing government loans. And they have kept turn times well below market average. Tip #3: Start marketing now.

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Lending Loan Officer Branding Loans 451

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%.

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FHA loan Marketing Lending Mortgages 392

Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans. for FHA loans and 44.5% for VA loans.

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Equity VA loan FHA loan Mortgages 461

Housing Wire

JANUARY 4, 2023

With a focus on purchase mortgages through referral sources, Reich aims to close $1 billion in loan origination volume in 2023 through his division alone. We specialize in marketing for purchases.”. We have a one-time close construction-to-permanent loan, and we are the largest seller of that product to the agencies.

Mortgages 506

Mortgages FHA loan Loan Officer Construction 506

Housing Wire

OCTOBER 9, 2024

In reference to the purchase market, Fratantoni observed that a couple key factors continue to play a role in consumer demand. “As Now, there are more homes available in many markets across the country, and with mortgage rates still low compared to recent history, at least some potential homebuyers are moving ahead.”

VA loan 451

VA loan Mortgages FHA loan Loans 451

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles.

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Mortgages FHA loan Loans Loan Officer 512

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Marketing Bankruptcy Sales FHA loan 546

Housing Wire

APRIL 17, 2023

has a Housing Finance Policy Center that does a significant amount of research and analysis on the housing market. They also produce a monthly chart book that is packed with amazing data about the market. But who does the FHA loans today? One must ask, why are the IMBs so effective with Ginnie Mae lending?

Marketing 392

Marketing FHA loan Banks Lending 392

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. CMS is going heavy on a rarely used mortgage product to solve this market problem. Because Fannie Mae and Freddie Mac loans – nearly two-thirds of the mortgage market – are not eligible to be assumed, it’s a niche product.

FHA loan 392

FHA loan Mortgages Loan Officer VA loan 392

Housing Wire

MARCH 11, 2024

increase in purchase activity, data from Optimal Blue ’s Originations Market Monitor report showed. for cash-out loans. “Although lock counts were down on a year-over-year basis, the rate of decline is decelerating and suggests we may be nearing a floor for purchase lending in the current rate environment.”

VA loan 469

VA loan FHA loan Loans Lending 469

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. Credit scores for FHA loan borrowers could go down even lower.

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Mortgages FHA loan Equity Loans 494

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. So it’s kind of a mixed message,” he explained.

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FHA loan Loan Officer Loans Mortgages 370

Housing Wire

SEPTEMBER 27, 2022

“We regularly review and adjust staffing levels to align with market conditions and the needs of our businesses,” a spokesperson said. ” The latest layoff announcement from the country’s second-largest lender comes amid faltering home lending business. billion in revenue from home lending. As the U.S.

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FHA loan Lending Banks Finance 392

Housing Wire

OCTOBER 16, 2024

The locations of households that have received FHA-backed mortgages have been studied far less, HUD explained. If federal homeownership assistance programs follow national trends, we would expect FHA loans to be associated with whiter and lower-poverty census tracts.”

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FHA loan Equity Loans Mortgages 483

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets.

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Loan Officer Loans Mortgages FHA loan 392

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. It did not admit to any wrongdoing. .” million shares of Class A stock, priced between $17 and $19.

Mortgages 502

Mortgages FHA loan Lending Loans 502

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. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

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Marketing FHA loan Loans Mortgages 427

Keeping Current Matters

MARCH 22, 2021

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. Bottom Line.

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VA loan FHA loan Mortgages Lending 322

Housing Wire

DECEMBER 30, 2020

Given that the FHFA already has significant experience overseeing the mortgage market through its regulation of Fannie Mae, Freddie Mac and the Federal Home Loan Banks , it would be the natural regulator for nonbank servicers. Nonbanks do not set the rules of lending,” Stevens said at the time.

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FHA loan Lending Banks Loans 443

Housing Wire

NOVEMBER 7, 2023

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. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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VA loan Agents Seller concession FHA loan 477

Housing Wire

MARCH 13, 2023

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. Meanwhile, cash-out refinances fell 11% and rate/term refinances remained near historic lows, according to Black Knight’s originations market report. of the total loan product mix — picked up share.

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Loans Mortgages VA loan FHA loan 370

Housing Wire

NOVEMBER 21, 2022

The prior FHA rule had been in place since 1968, when the private insurance market was non-existent, and it mandated that FHA borrowers with properties in flood hazardous areas must purchase food in insurance obtained through the National Flood Insurance Program (NFIP). .

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FHA loan Mortgages Loans Lending 370

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.

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VA loan Loans Loan Officer FHA loan 426

Housing Wire

MARCH 12, 2024

“While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. I’ve even seen grandparents jump in. So, I did see that spike this year.”

FHA loan 477

FHA loan Loans Finance Lending 477

Housing Wire

OCTOBER 11, 2024

The real estate data analysis firm noted that the index “has been slightly increasing to flat over the last year, which is expected given the minimal changes affecting the factors that typically drive changing risk in mortgage market.” Purchase loans (0.9%) had higher levels of risk than refinances (0.58%).

Mortgages 515

Mortgages Sales Loans Lending 515

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

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FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight ’s originations market monitor report. of the month’s market mix, a record high. In other words, nearly nine out of every 10 mortgages originated is a purchase loan.

Marketing 370

Marketing Loans Lending Mortgages 370

Housing Wire

JUNE 28, 2023

It will be required for all FHA loan applications issued on or after August 28, 2023. We urge FHA to continue reducing barriers to the mortgage market for LEP homeowners.” The form, the Fannie Mae / Freddie Mac Form 1103, is known as the Supplemental Consumer Information Form (SCIF).

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FHA loan Finance Title Mortgages 370

BAM Media

APRIL 3, 2025

housing market. Read on for three responses you can give to alleviate housing market fears and become your clients go-to real estate guide. Panic Sells The internet is full of people trying to convince us that their alarmist posts on the housing market are just telling it like it is. Turns out, loads of them are active on X.

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Bankruptcy Pre-approval Marketing FHA loan 99

Housing Wire

MAY 25, 2023

However, its monthly production declined by a third during this period when the market faced surging mortgage rates and low inventory levels. The company had 53 active loan officers and 30 branches, per the Modex data. According to its website, Colonial offered fixed-rate loans, Federal Housing Administration (FHA) loans, U.S.

Mortgages 392

Mortgages FHA loan Loan Officer Banks 392

Housing Wire

FEBRUARY 27, 2024

The company said that Gatling’s responsibilities will include recruiting and the creation of marketing and business strategies based on her understanding of the Black community. were conventional loans and 30.5% were FHA loans. This position presents me with an opportunity to affect positive change across the industry.”

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FHA loan Loan Officer Loans Staging 440

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 370

Housing Wire

JUNE 5, 2024

On an unadjusted basis, the MBA’s market composite index decreased 16% compared with the prior week as mortgage rates remain firmly above 7% and home prices continue to remain near record levels. Department of Veterans Affairs (VA) loan applications. Mortgage applications dropped 5.2% of total applications, down from 31.3%

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VA loan Mortgages Fixed-rate mortgage Loans 475

Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. market share and a $616.7 market share and a $116.9 It was $770.7

Mortgages 370

Mortgages Lending Loans Banks 370

Housing Wire

AUGUST 8, 2023

“While we continue the work of resetting our cost structure to align with generationally low unit volumes, we are also focused on the other pillars of Vision 2025, including capturing opportunities inherent in our strategy to expand purpose-driven lending that supports first-time homebuyers and diverse communities,” Martell said.

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FHA loan Principal Lending Loans 370

Housing Wire

JUNE 21, 2022

housing stock; yet, they bring some unique characteristics to the market. Data from John Burns Real Estate Consulting shows that student loan debt has increased 100% since 2007, keeping many renters in place. of all flipped homes in Q3 2021 went to FHA buyers. Jeff Ball is CEO of Viseo Lending.

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Investor FHA loan Inspection Renovation 427

HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible.

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FHA loan Loans Pre-approval Pre-qualification 111