Housing Wire

OCTOBER 4, 2023

But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So They are staying busy relative to the market,” Ullmann said.

FHA loan 441

FHA loan Loans Loan Officer Mortgages 441

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 457

Housing Wire

NOVEMBER 22, 2023

Total home loan applications increased 3% for the week ending Nov. Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average loan size on a purchase application was $403,600, the lowest since January 2023.

VA loan 466

VA loan FHA loan Mortgages Loans 466

Housing Wire

DECEMBER 20, 2023

Total home loan applications decreased by 1.5% The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% The share of Department of Veterans Affairs (VA) loan activity was 15.6%, up from 14.2% Department of Agriculture (USDA) loan activity remained unchanged at 0.4%.

Mortgages 392

Mortgages VA loan FHA loan Loans 392

Housing Wire

MARCH 11, 2024

increase in purchase activity, data from Optimal Blue ’s Originations Market Monitor report showed. for cash-out loans. .” The index for Federal Housing Administration (FHA) loans rose 28 bps to 6.66%, while the U.S. Rate lock volume rose 5% from January to February due to a notable 8.3%

VA loan 441

VA loan FHA loan Loans Lending 441

Housing Wire

NOVEMBER 15, 2023

Total home loan applications increased 2.8% The 30-year, fixed mortgage rate averaged 7.5%, falling 26 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% for the week ending Nov. the previous week.

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VA loan FHA loan Mortgages Loans 426

Housing Wire

JANUARY 3, 2024

The recent decline in rates has given the housing market some cause for optimism going into 2024, but purchase applications have not yet picked up in response, with the overall level of purchase activity 12% lower than a year ago,” Kan said in a statement. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

Mortgages 377

Mortgages VA loan FHA loan Loans 377

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? This can provide significant savings compared to taking out a new loan at prevailing market rates.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Housing Wire

NOVEMBER 1, 2023

27, total home loan applications fell 2.1% The impact of higher rates continued to be felt across both purchase and refinance markets,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. The share of Federal Housing Administration (FHA) loan activity was 14.7%, down from 15.2% the week prior.

Mortgages 412

Mortgages VA loan FHA loan Loans 412

Housing Wire

OCTOBER 4, 2023

“The purchase market slowed to the lowest level of activity since 1995, as the rapid rise in rates pushed an increasing number of potential homebuyers out of the market,” Joel Kan, MBA’s vice president and deputy chief economist, said in a news release. Meanwhile, the refinance share of mortgage activity decreased to 31.7%

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Mortgages VA loan FHA loan Loans 483

Housing Wire

OCTOBER 18, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 10.7%, up from 10.2% the week prior while the share of Department of Agriculture (USDA) loan activity held steady at 0.5%. from 14.4% for the week ending Oct.

Mortgages 450

Mortgages VA loan FHA loan Loans 450

Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

VA loan 367

VA loan Mortgages FHA loan Loans 367

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 430

Mortgages VA loan FHA loan Loans 430

Housing Wire

NOVEMBER 29, 2023

Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov. 22, falling 15 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 13.5%, down from 14.8% of total applications. the week prior. last week.

Mortgages 399

Mortgages VA loan FHA loan Loans 399

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.

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FHA loan Bankruptcy Marketing Loans 446

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 388

Mortgages VA loan FHA loan Fixed-rate mortgage 388

Housing Wire

SEPTEMBER 15, 2023

This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. When you really know the benefits, you’ll be more of an advocate of these loans both on your buyer sides as well as when you’re a listing agent considering accepting a VA loan.

VA loan 414

VA loan Loans Mortgages Closing costs 414

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 381

FHA loan Mortgages Loan Officer VA loan 381

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior. Regarding the purchase market , Kan said mortgage applications increased slightly because a 1.7% decline in applications for government loans. from the week prior.

VA loan 404

VA loan FHA loan Fixed-rate mortgage Loans 404

Housing Wire

DECEMBER 8, 2021

Regarding the purchase market, Kan said mortgage applications fell after four consecutive increases, but activity is still close to the highest level since March, a positive sign. The overall market composite index dipped 27.3% VA loans comprised 10.7%, increasing seven basis points. Meanwhile, FHA loans went from 8.9%

FHA loan 441

FHA loan Mortgages VA loan Fixed-rate mortgage 441

Housing Wire

MARCH 13, 2023

The number of rate locks was down in February from the previous month, but dollar volume rose due to a rate environment that favored non-conforming loans including jumbo loans and adjustable-rate mortgages (ARMs), according to Black Knight ’s originations market report. of the total loan product mix — picked up share.

Loans 359

Loans Mortgages VA loan FHA loan 359

Realty Biz

SEPTEMBER 24, 2022

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

VA loan 65

VA loan Loans FHA loan Mortgages 65

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% in the period.

Mortgages 431

Mortgages VA loan FHA loan Fixed-rate mortgage 431

Housing Wire

FEBRUARY 16, 2023

While recent indicators pointed to resilience in the job market, the MBA forecasts slower hiring and rising unemployment, with the interest rates hitting 5.2% Nonfarm payrolls increased by 517,000 jobs in January from December — far higher than the 187,000 market estimate. by the end of 2023. The unemployment rate declined to 3.4%

Mortgages 415

Mortgages Equity VA loan FHA loan 415

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

HomeLight

NOVEMBER 6, 2023

Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate. It’s a unique approach that can make your dream of owning a home in today’s complex, high-priced housing market more attainable. VA funding fee. Get Started What is an assumable mortgage?

FHA loan 101

FHA loan VA loan Mortgages Marketing 101

Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. In other words, they don’t know that their FHA or VA loan can be attached to the home sale when they sell it. So, we help them include that marketing for that home. We help agents get a marketing edge by including their mortgage with the home sale.

VA loan 427

VA loan Mortgages Loans Agents 427

Housing Wire

NOVEMBER 30, 2021

The overall market composite index dipped 29.6% For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%. VA loans consisted of 10% of the share, decreasing three basis points. Meanwhile, FHA loans went from 8.6% The drop was mainly driven by the refinance index declining by 14.8%

Mortgages 380

Mortgages VA loan FHA loan Fixed-rate mortgage 380

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 VA loan 369

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.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

Housing Wire

NOVEMBER 17, 2021

Overall, the Market Composite Index, a measure of the mortgage loan application volume, decreased 2.8% VA loans consisted of 10.8%, increasing six basis points. Meanwhile, FHA loans went from 8.8% The refi volume decreased 5% compared to the previous week. compared to the previous week and 23% year-to-year.

VA loan 421

VA loan FHA loan Investor Loans 421

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. “The of the Ginnie MSR market, while nonbanks held an 84.1%

VA loan 348

VA loan FHA loan Loans Banks 348

Housing Wire

OCTOBER 19, 2022

IMBs’ highest priority is to reduce and align expenses with shrinking loan volume and reduced profit margins. IMBs are already cutting expenses – through layoffs and through reduced loan originator costs, the report added. Department of Housing and Urban Development (HUD).

VA loan 394

VA loan FHA loan Fixed-rate mortgage Banks 394

Keeping Current Matters

MARCH 22, 2021

As more Americans with strong credit enter the housing market, we see a natural increase in the FICO® score distribution of closed loans, as shown in the graph below: If your credit score is below 750, it’s easy to see this data and fear that you may not be able to qualify for a mortgage. Bottom Line.

VA loan 267

VA loan FHA loan Mortgages Lending 267

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier.

Loans 542

Loans VA loan FHA loan Finance 542

HomeLight

DECEMBER 8, 2023

In today’s real estate market, with high mortgage interest rates and hesitant buyers, you might be pondering, “Is my mortgage assumable?” Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan.

VA loan 102

VA loan FHA loan Mortgages Loans 102

HomeLight

DECEMBER 5, 2023

” An assumable mortgage could be a smart solution, offering the possibility to take over a home loan with more favorable terms than currently available in the market. We’ll cover what types of assumable loans are available, the process, how to find them, and the pros and cons of assuming a mortgage.

FHA loan 101

FHA loan VA loan Mortgages Loans 101