UWM now offering ultra-low mortgage rates on FHA loans

Housing Wire

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday.

HUD extends COVID-19 forbearance for FHA loans

Housing Wire

Department of Housing and Urban Development on Tuesday extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. This announcement follows FHFA action last week to extend moratoriums for loans backed by Fannie Mae and Freddie Mac. The U.S.

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FHA loans: FHA rates and requirements for 2020

The Mortgage Report

FHA loans are easier to qualify for than many other mortgages. FHA rates are low, but come with mortgage insurance. See current FHA rates and requirements. FHA Home Buying FHA loan FHA Mortgage MIP Mortgage mortgage rates U.S.

FHA Loans and Down Payment Assistance: Making Homebuying Affordable

HomeLight

The Federal Housing Administration (also known as the FHA) is an agency of the U.S. The FHA doesn’t lend money itself. Instead, it insures mortgages made by lenders. The FHA backing lets lenders offer easier credit terms than non-FHA loans. Loans.

FHA loan limits increase for single-family and multifamily loans

The Mortgage Report

Current FHA loan limits for every U.S. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. FHA Home Buying Mortgage News FHA Housing Loan Limits Mortgage mortgage rates

Mortgage applications decrease 4%

Housing Wire

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%

Mortgage applications are thinning as summer approaches

Housing Wire

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. of total mortgage applications from 61.3%

Applications drop, despite falling mortgage rates

Housing Wire

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% The refinance share of mortgage activity increased to 60.6% of total mortgage applications from 60% the previous week.

Mortgage applications jump as rates plummet

Housing Wire

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.

Mortgage applications rebound following drop in rates

Housing Wire

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.

Refinance wave boosts mortgage applications 3.8%

Housing Wire

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). Mortgage rates continue to hover at record lows this fall.

Mortgage applications dip as home prices climb

Housing Wire

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.

Mortgage applications rise 4.6%

Housing Wire

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% After faltering 4.8%

Mortgage applications jump as rates fall to 2.96%

Housing Wire

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%.

7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

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%

Mortgage applications drop over holidays

Housing Wire

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%

Mortgage applications fall for fourth week

Housing Wire

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The FHA share of total mortgage applications decreased to 11.3%

Mortgage applications increase for second straight week

Housing Wire

Mortgage applications increased for the second straight week , this time jumping 1.2% for the week ending May 14, 2021, according to the latest report from the Mortgage Bankers Association. All loan types hit their highest levels in two weeks.

Mortgage applications decrease as rates move higher

Housing Wire

Mortgage applications decreased 1.9% 15 from one week earlier , per data from the Mortgage Bankers Association’s weekly survey. “The average loan size for purchase loans jumped to $384,000, the second highest level in the survey.”.

New-year optimism reflected in mortgage applications jump

Housing Wire

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. The 30-year fixed mortgage rate climbed two basis points to 2.88%, but the 15-year fixed rate fell to 2.39% — a survey low. The FHA share of total applications decreased to 9.6%

Mortgage applications continue to fall as rates climb

Housing Wire

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity decreased as well, to 62.9% The FHA share of total mortgage applications increased to 11.7%

Rising rates push mortgage applications down for fifth week

Housing Wire

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.

Texas storm deflates mortgage application numbers

Housing Wire

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. ” The refinance share of mortgage activity decreased to 68.5%

VA-like housing bill proposed for first responders, teachers

Housing Wire

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Mortgages would be subject to FHA loan limits. Homebuyers would pay an up-front mortgage insurance premium of 3.6

Buyer Beware: Don’t use an FHA loan to buy a 4 plex in Portland!

The Living Room

FHA is a fantastic loan product for first time home buyers who have good credit but don’t have a lot of money saved up. Since many of my clients are investors, they often ask me if they can use an FHA to buy small multifamily properties. FHA Self Sufficiency Test.

DACA home loans — FHA will now approve home loans for ‘Dreamers.’ Here’s how to get approved

The Mortgage Report

Thanks to a new policy, FHA is now accepting DACA home loans. Learn about the pros and cons of FHA loans and whether you qualify for financing.

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Loans in forbearance gain after 6 weeks of decline

Housing Wire

After six weeks of steady declines, the number of mortgages in active forbearance rose by 21,000 last week, according to a new report. to 7.3% – a total of 28,000 new loans in forbearance. The post Loans in forbearance gain after 6 weeks of decline appeared first on HousingWire.

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After record fall of 18%, forbearances rose slightly last week

Housing Wire

After plummeting 18% the week prior, the number of mortgages in active forbearance rose by 19,000 last week, according to a new report by Black Knight on Friday. Though the raw number increased, the number of all mortgages in active forbearance remained at 5.6% , unchanged from the week prior.

Mortgage delinquencies shrink in Q2

Housing Wire

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.

MBA Data Indicates Large Declines for Past Due and Seriously Delinquent Loans

Eyes on Housing

According to the Mortgage Bankers Association’s (MBA) fourth quarter National Delinquency Survey (NDS), on a seasonally adjusted basis, the percentage of loans past due decreased from 6.38% in the first quarter to 5.47%.

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Mortgage applications decrease 1%

Inman

Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association.

Share of mortgages in forbearance continues decline, falling to 7.4%

Inman

For the eighth week in a row, total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans.

Mortgage applications increase for fourth time in 5 weeks

Inman

Mortgage applications and refinance applications increased during the week ending December 11, 2020, according to the Mortgage Bankers Association's weekly survey.

Private mortgage insurance industry boomed in 2020

Housing Wire

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations.

For the first time since April, forbearances fall below 3 million

Housing Wire

After a slight uptick the previous week, mortgages in active forbearance plummeted 18%, marking the first time since mid-April the total number of plans fell below 3 million, Black Knight said in a report on Friday. In the week prior, portfolio-held and private labeled security loans were largely responsible for the slight increase, with forbearance share gaining to 7.3% for a total of 28,000 new loans in forbearance.