Housing Wire

NOVEMBER 20, 2023

The Department of Veterans Affairs (VA) is pausing foreclosures on homes financed with VA loans for six months to help military borrowers in danger of losing their homes, a department spokesperson said in a statement to HousingWire on Monday.

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VA loan Loans Mortgages Finance 518

Housing Wire

JANUARY 14, 2025

At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December. mortgage market trends. mortgage market trends.

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VA loan FHA loan Mortgages Loans 370

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said.

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VA loan Loans Loan Officer FHA loan 435

Real Estate News

JUNE 16, 2025

Dave Gallagher June 16, 2025 3 mins Homebuyer down payments have started to dip, a sign that those who are using loans to help finance their purchases are shifting their focus to less expensive homes. There has also been an uptick in buyers using FHA and VA loans, which require lower down payments. a year ago.

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VA loan FHA loan Loans Finance 284

Housing Wire

JUNE 12, 2024

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. Department of Veterans Affairs (VA) has contributed $3.9 The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22.

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VA loan Loans As-is Mortgages 466

Housing Wire

OCTOBER 20, 2022

In September, United Wholesale Mortgage , the largest wholesale lender in the country, announced that it would be launching AOLs, which it claimed could save borrowers up to $1,100 on purchase loans and about $800 on refis. ” The post Voxtur rolls out attorney opinion letters for VA loans appeared first on HousingWire.

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VA loan Loans Title Land 418

Housing Wire

MAY 19, 2025

Adjustable-rate mortgages ( ARMs ) have grown in popularity in recent months as borrowers search for affordability relief anywhere they can find it. More than 7% of all mortgage applications last week were for ARM products far above the normal baseline of 3% to 5%, Fratantoni said. It was a more affordable mortgage.”

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Loans Mortgages Banks Finance 389

Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . Last year, mortgage interest rates reached record lows. In 2020, 3.82 Source: Polygon Research , CPSVision , ASEC March 2021.

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VA loan Loans Lending Finance 397

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. Who is eligible?

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Loans VA loan Mortgages Lending 468

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

MAY 5, 2025

Intercontinental Exchange ‘s May 2025 Mortgage Monitor Report, released Monday, found that first-time homebuyers accounted for a record share of agency purchase lending (58%) in the first quarter 2025. ICE reported that purchase mortgages have made up a larger share of overall issuance in recent years. Washington, D.C.,

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Lending FHA loan VA loan Loans 379

Housing Wire

JUNE 30, 2025

Despite growing attention around all-cash transactions, most Americans — especially first-time buyers — continue to finance their home purchases, according to new data from the National Association of Realtors (NAR). Among primary residence buyers, 74% financed their home purchase in 2024. Another 9% used U.S.

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Housing Wire

OCTOBER 25, 2023

With mortgage rates still hovering around 8%, mortgage applications decreased 1% for the week ending Oct. 20 compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association. The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7%

Mortgages 476

Mortgages VA loan FHA loan Loans 476

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Are you currently thinking about buying a home or refinancing your existing mortgage?

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Mortgages VA loan Loans Loan Officer 459

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. mortgaged home sales, up from 14% a year earlier but down from 16.3%

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FHA loan VA loan Mortgages Loans 468

Housing Wire

DECEMBER 20, 2023

Mortgage demand fell for the first time since November as mortgage rates reached their lowest level since June 2023. Total home loan applications decreased by 1.5% 15 compared to the previous week, according to data from the Mortgage Bankers Association (MBA). for the week ending Dec. the week prior.

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Mortgages VA loan FHA loan Loans 480

Housing Wire

JANUARY 10, 2024

Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan.

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Mortgages VA loan FHA loan Loans 511

Housing Wire

DECEMBER 3, 2023

Mortgage holders withdrew a mere 0.41% of tappable equity in Q3, about 55% below the average withdrawal rate seen in the 12 years leading up to the Federal Reserve ’s most recent tightening cycle, according to the latest ICE Mortgage Technology ‘s mortgage monitor report. for FHA loans and 44.5% for VA loans.

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Equity VA loan FHA loan Mortgages 468

Housing Wire

NOVEMBER 27, 2024

wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations.

Loans 418

Loans Finance Mortgages VA loan 418

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 482

Housing Wire

FEBRUARY 25, 2025

Higher mortgage rates that are hovering near 7% have also influenced homebuyers decisions. While a larger down payment can lower monthly mortgage payments and help strengthen an offer in a bidding war, bigger isnt always better, Redfin senior economist Sheharyar Bokhari said in the report. home purchases in December, down from 33.8%

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VA loan FHA loan Loans Renovation 340

Housing Wire

JUNE 5, 2024

Mortgage demand keeps on falling. Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. Department of Veterans Affairs (VA) loan applications. the previous week.

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VA loan Mortgages Fixed-rate mortgage Loans 480

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. for the week ending Dec. of total applications, down from 8.1%

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VA loan Mortgages FHA loan Fixed-rate mortgage 521

Housing Wire

OCTOBER 9, 2024

After reaching their highest level since July 2022 , mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. According to weekly data released Wednesday by the Mortgage Bankers Association (MBA), applications shrank 5.1% up 14 bps, on 80% LTV loans.

VA loan 458

VA loan Mortgages FHA loan Loans 458

Housing Wire

OCTOBER 11, 2023

The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct.

Loans 468

Loans VA loan Finance Mortgages 468

Housing Wire

NOVEMBER 1, 2023

Mortgage applications fell for the third week in a row as mortgage rates surged toward 8%. 27, total home loan applications fell 2.1% compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA). For the week ending Oct. of all applications.” the week prior.

Mortgages 448

Mortgages VA loan FHA loan Loans 448

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 471

VA loan Mortgages FHA loan Loans 471

Housing Wire

SEPTEMBER 30, 2022

Many mortgage professionals are turning to the platform as a way to connect with prospective borrowers and educate them on mortgage, as well as market themselves. We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator.

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VA loan Mortgages Loan Officer Branding 435

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. 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.

Loans 468

Loans FHA loan Loan Officer Mortgages 468

Housing Wire

NOVEMBER 22, 2023

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). last week but remained subdued.

VA loan 488

VA loan FHA loan Mortgages Loans 488

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 448

Lending Mortgages VA loan Finance 448

Housing Wire

NOVEMBER 15, 2023

Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a year. Total home loan applications increased 2.8% 10 compared to the previous week , according to weekly data from the Mortgage Bankers Association (MBA). for the week ending Nov.

VA loan 468

VA loan FHA loan Mortgages Loans 468

Housing Wire

OCTOBER 18, 2023

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Mortgage applications decreased 6.9% 13, compared to the week prior , according to weekly mortgage application data from the MBA. for the week ending Oct. from 14.4%

Mortgages 482

Mortgages VA loan FHA loan Loans 482

Housing Wire

NOVEMBER 8, 2023

Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. 3, total home loan applications increased 2.5% compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA). For the week ending Nov.

VA loan 468

VA loan Mortgages FHA loan Loans 468

Housing Wire

NOVEMBER 16, 2021

Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. In September , the average mortgage loan size of new homes clocked in at $408,522, the survey found. of loan applications. Recent U.S.

Mortgages 501

Mortgages VA loan FHA loan Construction 501

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

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VA loan Agents Pre-approval Debt-to-income ratio 418