Housing Wire

NOVEMBER 27, 2024

With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. The increase in conventional purchase applications helped push the average purchase loan size to $439,200, its highest level in almost a month. of applications. of applications.

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Mortgages VA loan FHA loan Fixed-rate mortgage 369

Housing Wire

JANUARY 14, 2025

While conforming loans became less common, Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and nonconforming loan types gained traction. FHA loans rose to 21% of all lock activity, with nonconforming loans at 16% and VA loans at 11.5%.

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Housing Wire

NOVEMBER 4, 2024

A company spokesperson confirmed that the credit can be used for both purchases and refinances on conventional, VA and FHA loans. 15 at 2 pm EST. Kyle noted that the training is available to the entire broker community, even non-Rocket partners.

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Housing Wire

MAY 5, 2025

California follows closely behind, with Gen Z making up 8% of purchase mortgage and 13% of first-time buyer loans. As the housing market has softened and down payments remain a hurdle, first-time buyers have increasingly turned to Federal Housing Administration (FHA) loans.

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Housing Wire

JUNE 17, 2021

the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. On a seasonally adjusted basis, the MBA also estimates new home sales fell at an annualized pace of 4% in May, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

DECEMBER 9, 2024

By March, were likely to see a healthy uptick in sales. Heres your game plan: Check your credit: A score of 640 opens the door to FHA loans and down payment assistance programs. If youre looking to buy or sell, nows the time to start prepping. First-time buyers: Its your moment Lets talk about first-time homebuyers.

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Housing Wire

APRIL 18, 2025

By product type, conventional loans composed 49.0% of loan applications, FHA loans composed 37.0%, RHS/ USDA loans composed 0.9% and VA loans composed 13%. The average loan size for new homes decreased from $397,516 in February to $381,921 in March. compared to a year ago.

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Housing Wire

MAY 13, 2021

“Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. of loan applications, followed by just 15.8% of FHA loans, 10.3%

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Housing Wire

MARCH 20, 2025

As flipping activity slowed, the share of flips among all home sales also dipped from 8.1% Additionally, the share of flipped homes sold to buyers using Federal Housing Administration (FHA) loans remained steady at 10.7%. The top market for FHA buyer activity was Merced, California, where 38.3% That marked a 7.7%

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FHA loan Investor Finance Renovation 297

Housing Wire

JULY 21, 2023

Before the 2008 housing crisis, home sellers would offer DPA to FHA borrowers and raise the sales price to cover the cost, creating exaggerated losses for the FHA program. As an alternative solution, Tozer floated the idea of making the FHA program a zero-down-payment program – a proposal first made by the George W.

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Housing Wire

JULY 26, 2021

New home sales continued to slip in June, falling 6.6% The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700. “Builders are working through this uncertainty by managing their pipelines, notably expanding the number of homes for sale that are not yet started.”

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Housing Wire

NOVEMBER 10, 2023

Home sales were down 23% year over year, but all-cash deals only fell 11%, according to Redfin’s analysis. It is worth noting that some buyers are using equity from the sale of their previous home to make a relatively larger down payment on their new purchase. mortgaged home sales, up from 14% a year earlier but down from 16.3%

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Housing Wire

SEPTEMBER 20, 2022

“Ongoing volatility in mortgage rates in the months ahead may lead to larger than typical swings in the pace of new home sales,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Between moderating sales prices and volatile mortgage rates, buyers seem to be biding their time.”. of loan applications.

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Housing Wire

MAY 1, 2025

Willoughby said his team only considers off-market sales under specific and rare conditions such as when a property needs significant repairs or the seller has privacy concerns but hes wary of agents using the method to drive dual agency transactions or cultivate exclusive buyer lists. . But what about the average family using an FHA loan?

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Housing Wire

MARCH 22, 2023

In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year ago, while the share of mortgaged sales using VA loans rose to 7.5% Detroit saw the highest share of FHA loans at 29.5% of all mortgaged home sales. of all mortgaged home sales, respectively. a year prior.

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Housing Wire

FEBRUARY 25, 2025

home sale price rose 6.3% FHA, VA loan usage is stable Federal Housing Administration (FHA) loans, commonly used by first-time buyers and those with smaller down payments, accounted for 15% of mortgaged home sales in December, down slightly from 15.9% Department of Veterans Affairs (VA) loans made up 6.7%

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Housing Wire

DECEMBER 15, 2020

November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand and new residential construction,” Kan said. On an unadjusted basis, MBA estimates that there were 59,000 new home sales in November 2020, a decrease of 15.7%

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Housing Wire

APRIL 7, 2025

ICE says that with the current rate of improvement, the market would be on pace to return to pre-pandemic for-sale inventory levels in the back half of 2026. In last month’s ICE first look, FHA loans dominated delinquencies. Analysis of ICE HPI data shows a broad-based cooling of home prices, with 90% percent of U.S.

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FHA loan New Construction Mortgages Technology 245

Housing Wire

OCTOBER 19, 2021

Based on data from the survey, MBA estimates that there were 66,000 new single-family home sales in September, compared to 71,000 new single-family homes a month prior, a 7% decrease. The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors.

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VA loan FHA loan Mortgages Loans 410

Housing Wire

NOVEMBER 16, 2021

The strong monthly gain puts MBA’s estimate of new home sales at its strongest pace since January 2021, the report said. In September , the average mortgage loan size of new homes clocked in at $408,522, the survey found. Regarding product type, conventional mortgage loans reigned supreme, making up 75.7% of loan applications.

Mortgages 485

Mortgages VA loan FHA loan Construction 485

Housing Wire

OCTOBER 11, 2024

“These increases were tied to upticks in rapid resales with rising prices, more high-activity buyers, and sales transactions with multiple high-risk flags,” the report explained. Transaction fraud risks have also increased in consecutive years, up 4.9% in 2024 and 1.9%

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Mortgages Sales Loans Lending 508

Housing Wire

JULY 17, 2024

Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA).

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Sales Mortgages Loans Development 419

Housing Wire

NOVEMBER 22, 2023

The average loan size on a purchase application was $403,600, the lowest since January 2023. Joel Kan, MBA’s vice president and deputy chief economist, said this corroborates with other sources of home-sales data pointing to a rising share of first-time homebuyers entering the market. last week but remained subdued.

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Housing Wire

DECEMBER 3, 2023

“Strong equity cushions not only provide borrowers incentive to work with their servicers to return to making mortgage payments, they also open up other options, such as salvaging earned equity with a traditional home sale rather than going through foreclosure. for FHA loans and 44.5% for VA loans.

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Housing Wire

JULY 18, 2024

According to Kan, MBA’s estimate of new-home sales showed a monthly decline to a seasonally adjusted annual pace of 626,000 units — the slowest in four months. To compare, MBA estimated that sales of new single-family homes in May reached an annual rate of 702,000. of the total in June. of the total in June.

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Housing Wire

AUGUST 15, 2023

“Applications for purchase loans on newly constructed homes remained strong in July, up 36% annually, as new homes continued to account for a growing share of homes available for sale,” said Joel Kan, MBA’s vice president and deputy chief economist. of purchase applications came from the FHA , the highest share since May 2020.

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New Construction Construction FHA loan Mortgages 370

Housing Wire

DECEMBER 3, 2020

According to Sam Khater, Freddie Mac’s chief economist, despite these persistently low mortgage rates, home sales are facing significant challenges. While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase. on FHA loans through its Conquest Program.

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Mortgages FHA loan Loans Finance 504

Housing Wire

FEBRUARY 16, 2024

According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 700,000 units in January, the highest pace since October 2023. In January, conventional loans accounted for 64.5% of loan applications for new homes. Federal Housing Administration (FHA) loans accounted for 24.8%

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VA loan FHA loan New Construction Loans 431

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. It indicates that a larger share of first-time homebuyers are active in the new home sales market. On an unadjusted basis, MBA estimates that there were 59,000 new home sales in August 2023, an increase of 5.4%

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New Construction Construction Mortgages VA loan 396

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.

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FHA loan Mortgages Loan Officer VA loan 384

Housing Wire

NOVEMBER 8, 2023

“Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%. of total applications. week over week.

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VA loan Mortgages FHA loan Loans 441

Housing Wire

DECEMBER 28, 2023

Targeting first-time homebuyers Those who catered to first-time homebuyers’ needs – offering Federal Housing Administration (FHA) loans and down payment assistance loans – fared relatively well compared to other colleagues who didn’t expand their target clients. trillion , according to the Mortgage Bankers Association (MBA).

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Loans FHA loan Mortgages Loan Officer 432

Housing Wire

JULY 20, 2021

New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in June, a decrease of 5% from May’s pace of 741,000. The MBA estimates there were 66,000 new home sales in June, down from 68,000 such sales in May. This has dampened new home sales and quickened home-price growth.”

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Housing Wire

JANUARY 3, 2024

The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months to come,” Kan added. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% from 15% the week prior.

Mortgages 431

Mortgages VA loan FHA loan Loans 431

Housing Wire

FEBRUARY 20, 2025

MBA pulls new-home sales estimates directly from the U.S. The average loan size for new-home mortgages increased from $400,930 in December to $403,416 in January, according to MBA’s report. FHA loans now account for more than 30% of new-home applications the highest share in the history of the BAS. Census Bureau.

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FHA loan Mortgages VA loan Loans 307

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. To what extent builders will offer rate buy-downs to drive sales remains to be seen.

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Housing Wire

APRIL 16, 2024

According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 615,000 units in March, the slowest annualized pace in four months, and a decrease of 10.7% In February, conventional loans accounted for 63% of applications for new homes. Department of Veteran Affairs (VA) loans took a 10.4%

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VA loan FHA loan New Construction Loans 429