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

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

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

MARCH 22, 2023

The less competitive market has also resulted in more buyers using FHA and VA loans. 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%

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VA loan FHA loan Loans Mortgages 410

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% of home sales, up from 6.2% a year earlier.

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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 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

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

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

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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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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Housing Wire

AUGUST 7, 2024

The average rate for jumbo loans (balances above $766,550) fell 30 bps to 6.77%. “As As a result of lower rates, refinance applications increased across all loan types, particularly for VA loans, and were almost 60% higher than it was at this time last year and at its highest level in two years,” Kan said.

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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.

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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

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. Department of Veterans Affairs (VA) loans accounted for 10.2%

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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

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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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.

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Housing Wire

MARCH 25, 2021

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. Yes, we’re talking about a bridge loan. Haven’t heard of them?

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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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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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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

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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Housing Wire

MAY 19, 2022

It was the slowest sales pace since May 2020. On an unadjusted basis, MBA estimates that there were 65,000 new home sales in April 2022, a decrease of 12.2% from 74,000 new home sales in March. . Over half of the applications were for loan amounts greater than $400,000, the MBA said. of loan applications.

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VA loan FHA loan Construction Loans 432

Housing Wire

MARCH 26, 2024

Of these actions, 2.682 million have been permanent loan modifications and 3.519 million actions have been other forms of assistance that allowed troubled borrowers to stay in their homes. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

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Housing Wire

DECEMBER 16, 2021

The mortgage trade group estimates that on an unadjusted basis there were 65,000 new home sales in November, from 68,000 new home sales from the month prior, a decline of 4.4%. In October , the average loan amount for a new home was $412,339, the survey found. “A By product type, conventional loans made up 76.3%

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Mortgages VA loan FHA loan Loans 395

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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Housing Wire

NOVEMBER 17, 2021

He added that purchase applications increased for conventional and government loans, as demand shows resiliency in late fall when home buying activity typically slows. Stronger sales activity may continue in the weeks to come, shows the survey. VA loans consisted of 10.8%, increasing six basis points. the previous week.

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Housing Wire

AUGUST 22, 2022

The MBA’s estimate of new home sales came in at a 591,000-unit sales pace in July, the slowest since April 2020. On an unadjusted basis, the MBA estimated that there were 50,000 new home sales in July 2022, a decrease of 10.7% from the revised 56,000 new home sales in June. and VA loans composed 11.4%.

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Housing Wire

JULY 20, 2023

On an unadjusted basis, MBA estimates that there were 60,000 new home sales in June 2023, a 6.3% decrease from 64,000 new home sales in May. New home purchase activity continues to be a bright spot, as both new home applications and home sales were up on an annual basis,” said Joel Kan, MBA ’s vice president and deputy chief economist.

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Mortgages VA loan FHA loan Construction 370

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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Housing Wire

MARCH 24, 2023

Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4% in Q4, the Department of Veterans Affairs (VA) loans rate was at 2.43%, and at 1.89% for all loans based on the industry average.

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Housing Wire

JULY 19, 2022

The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. Conventional loans accounted for 73.7% of loan applications. Federal Housing Administration (FHA) loans made up 15%, Veterans Affairs (VA) loans were 10.7%

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Housing Wire

NOVEMBER 16, 2023

We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace — the strongest sales month since May 2023.” FHA applications reached highest share of new-home applications since 2013 In October, FHA applications represented 26.3% Conventional loans made up 63.6%

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Mortgages VA loan Loans New Construction 458

Housing Wire

JUNE 26, 2023

at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said. The number of foreclosure starts increased 6% during Q1 to 19,809, while third-party and foreclosure sales rose 12% to 3,700.

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VA loan FHA loan Fixed-rate mortgage Principal 370

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

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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