Housing Wire

MARCH 29, 2024

The Consumer Financial Protection Bureau (CFPB) this week released its 2023 Consumer Response Annual Report , offering an overview of consumer complaints in a variety of industries overseen by the bureau. The CFPB received about 27,900 mortgage-related complaints in 2023 and sent 23,300 (84%) of them to companies for review and response.

Mortgages 374

Mortgages VA loan FHA loan Lending 374

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 389

Mortgages VA loan Principal Loans 389

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 444

Mortgages VA loan FHA loan Loans 444

Housing Wire

MARCH 27, 2024

Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. The VA didn’t immediately respond to HousingWire’s request for comment. VA loans are probably the best loans on the market.

VA loan 476

VA loan Loans Principal Mortgages 476

Housing Wire

FEBRUARY 8, 2024

Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA). Department of Veterans Affairs (VA) loans rose to 4.07%, up from 3.76%.

Mortgages 401

Mortgages VA loan Loans Staging 401

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!)

VA loan 434

VA loan Loans Mortgages Closing costs 434

Real Trends

DECEMBER 14, 2022

In the housing industry, agents need to develop their own muscle memory reaction to changing circumstances, new obstacles and shifting markets in order to stay in the fight. Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. Vetted VA seeks to change that narrative.

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VA loan Loans Lending Loan Officer 103

Housing Wire

JANUARY 19, 2022

Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. Compared to the same week one year ago, mortgage apps overall dropped 37.3%, with a sharp decline in refinance (-49.2%) compared to purchase (-12.2%).

Loans 413

Loans Mortgages VA loan Fixed-rate mortgage 413

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending 385

Lending Industrial Mortgages Loans 385

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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. points from the 7.5%

VA loan 478

VA loan Agents Seller concession FHA loan 478

Housing Wire

NOVEMBER 13, 2023

Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over two decades, according to Optimal Blue’ s originations market monitor report. in September.

Mortgages 407

Mortgages VA loan Loans Investor 407

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 436

Lending Mortgages VA loan Finance 436

Housing Wire

FEBRUARY 16, 2023

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. For the past 15 years, mortgage delinquencies have tracked very closely with employment conditions, Marina Walsh, MBA’s vice president of industry analysis, noted.

Mortgages 436

Mortgages Equity VA loan FHA loan 436

Housing Wire

NOVEMBER 7, 2023

Additionally, he will spearhead the company’s VA Council, a group of loanDepot originators who specifically serve veterans and military personnel. Smith will engage with both the military community as well as real estate professionals to further education on VA mortgage products.

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Lending VA loan Loans Mortgages 329

Housing Wire

AUGUST 19, 2021

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. The post Mortgage delinquencies shrink in Q2 appeared first on HousingWire.

VA loan 459

VA loan Mortgages FHA loan Loans 459

Housing Wire

MARCH 25, 2024

On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. as proper local variances, under current VA regulations.“ “We

Agents 466

Agents VA loan Loans Mortgages 466

Housing Wire

DECEMBER 8, 2021

Mortgage applications increased 2% for the week ending Dec. 3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. For jumbo mortgage loans (greater than $548,250), rates rose to 3.33% from 3.27% the week prior. Refinance apps fell 36.5%

FHA loan 466

FHA loan Mortgages VA loan Fixed-rate mortgage 466

Housing Wire

NOVEMBER 24, 2021

Mortgage applications increased 1.8% 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Regarding refi activity, Kan added that “borrowers continue to lock in mortgages in anticipation of higher rates in the future.” . VA loans consisted of 10.3%

Mortgages 457

Mortgages VA loan FHA loan Fixed-rate mortgage 457

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. . “The

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages VA loan Loans 448

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% the prior week, and the VA loan share dropped to 10.2% from 11.3%

Fixed-rate mortgage 456

Fixed-rate mortgage Mortgages VA loan Loans 456

Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 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. Compared to a year ago, mortgage applications declined across the board. of total mortgage applications, up from 63.3%

Mortgages 400

Mortgages VA loan FHA loan Fixed-rate mortgage 400

Housing Wire

DECEMBER 23, 2021

The delinquency landscape continues to improve on a monthly basis, with the total delinquency rate in the nation falling to 3.59% in November, according to Black Knight ’s November mortgage monitor published this week. 30, only 994,000 mortgage holders remain in COVID-19 related forbearance plans, representing 1.9% have a GSE loan, 2.9%

Mortgages 437

Mortgages VA loan Loans Industrial 437

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. That’s led to a significant decline in refinance activity, both for conventional and government loans.

Fixed-rate mortgage 390

Fixed-rate mortgage Mortgages VA loan Loans 390

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.

VA loan 412

VA loan Agents Pre-approval Debt-to-income ratio 412

Housing Wire

NOVEMBER 30, 2021

Mortgage applications declined 7.2% 26, reflecting a lower appetite for refinances, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. However, mortgage applications declined across the board in comparison to a year ago. The average loan amount increased to $414,700, the highest since February.

Mortgages 388

Mortgages VA loan FHA loan Fixed-rate mortgage 388

Housing Wire

SEPTEMBER 13, 2023

New York-based mortgage platform Roam has secured a $1.25 Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Assumable mortgages, the company’s primary bet, were relatively commonplace a few decades ago. in March, is also listed as a senior advisor.

Mortgages 440

Mortgages Loans Banks Investor 440

RISMedia

AUGUST 31, 2020

VA loans are having a record 2020. According to mortgage lender Veterans United Home Loans, the VA loan program backed more than 865,000 loans so far this year. The post Report: VA Loans Surge Amidst Pandemic appeared first on RISMedia's Housecall.

VA loan 119

VA loan Loans Mortgages Industrial 119

Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Attorney Carla Freedman said in a statement.

Loans 391

Loans Mortgages Land Development 391

Housing Wire

MAY 4, 2022

Individuals across the country chasing the American dream of homeownership helped to push mortgage-application volume up by 2.5% from the prior week, fueled by increased conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) loan-application volume. The seasonally adjusted purchase index rose 4.1%

Fixed-rate mortgage 368

Fixed-rate mortgage Mortgages VA loan Loans 368

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Purchase mortgage rates, after hitting a 13-year high of 5.27% in May, fell for three consecutive weeks, according to the Freddie Mac PMMS. of total applications.

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Fixed-rate mortgage Mortgages VA loan Loans 418

Housing Wire

DECEMBER 15, 2021

Mortgage applications fell 4% for the week ending Dec. 10, large part because fewer borrowers are looking to refi their exiting mortgages, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. from the week prior.

VA loan 423

VA loan FHA loan Fixed-rate mortgage Loans 423

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. The lender posted production of $3 billion across 8,569 loans in full year 2023.

Loan Officer 425

Loan Officer VA loan Loans Technology 425

Housing Wire

NOVEMBER 20, 2020

Ellie Mae ’s Origination Insight report for October demonstrates some of the side effects of the historically low mortgage rates we’ve seen in 2020: incredibly high volume and an increase in time-to-close. The 30-year conventional dropped from 3.02% to 3.01%, and VA fell from 2.78% to 2.75%. Overall loan applications are down 9.3%

Closing 438

Closing FHA loan Mortgages VA loan 438

Housing Wire

SEPTEMBER 23, 2020

Loan servicers operate between a rock and a hard place today. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. They must do all that, while also remaining compliant in handling, notifying borrowers of options or modifying the loan.

Loans 346

Loans VA loan Lending Technology 346

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Refinancing is also not an option.

Mortgages 326

Mortgages VA loan Pre-approval Lending 326

Housing Wire

JUNE 26, 2023

The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. 35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. “The

VA loan 348

VA loan FHA loan Fixed-rate mortgage Principal 348

Housing Wire

DECEMBER 15, 2023

Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners. In a statement, attorneys for the plaintiffs said many of the alleged deceived borrowers are veterans who had VA loans.

VA loan 310

VA loan Loans Mortgages Industrial 310