Housing Wire

OCTOBER 20, 2022

on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans. Real estate tech firm Voxtur Analytics Corp.

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VA loan Loans Title Land 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?

Loans 441

Loans VA loan Mortgages Lending 441

Housing Wire

APRIL 24, 2025

Servicers must report the completion status of TPPs in the VA Loan Electronic Reporting Interface (VALERI) by Aug. Servicers are also required to review veteran borrowers for all other applicable loss-mitigation options as VASP winds down, while keeping VAs preferred order of consideration in mind, the document stated.

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Industrial Mortgages VA loan Loans 252

Housing Wire

MAY 13, 2025

This was partially driven by an uptick in conventional loan delinquencies and rising foreclosure inventory , particularly among loans backed by the U.S. Department of Veterans Affairs (VA). The percentage of loans entering foreclosure also edged higher rising by 5 bps to represent 0.2%

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VA loan FHA loan Mortgages Loans 224

Housing Wire

NOVEMBER 8, 2024

We’ve gone through some leadership changes , some legal challenges and one of, if not the largest, industry shifts of our lifetime. Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. After all, we are most effective by working together for the betterment of our industry.”

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Housing Wire

NOVEMBER 4, 2024

As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. These are the questions that advocates who want to upend the real estate industry further cannot answer.

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Housing Wire

JANUARY 12, 2022

Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that the increase in mortgage rates is curtailing refinance activity. Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S.

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Loans Fixed-rate mortgage Mortgages VA loan 441

Housing Wire

MAY 2, 2025

When industry experts think about what could lead to a significant departure of loan officers and real estate agents, two main things come to mind: AI and market conditions. Although AI and market conditions will have some level of impact, a much bigger game-changer is coming to the industry. Here is the good news.

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Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers.

Mortgages 392

Mortgages Title Lending Loans 392

Housing Wire

MAY 15, 2025

Post-closing quality control data is collected through ACES quality management and control software and offers a snapshot of mortgage industry underwriting trends. In terms of loan types: Federal Housing Administration (FHA) loan review share grew in Q4, with associated defect rates declining.

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VA loan Mortgages FHA loan Loans 215

Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

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VA loan Agents Loans MLS 517

Housing Wire

FEBRUARY 10, 2025

Two key factors contribute to this disparity: a lack of knowledge about the VA benefits to which they are entitled, and a limited understanding among sellers and lenders of the strong buyer profile of VA loan borrowers. Its important to take a moment to look back at the history behind VA benefits. In 1944, the U.S.

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Housing Wire

APRIL 23, 2025

That was tied to the shift of $60 million in sub-serviced loans to other firms amid the closure of its Flagstar deal at the end of the year the biggest acquisition in Mr. Cooper’s history. Servicing loans opens the opportunity to offer clients more products. billion in loans across 32,296 loans in the first quarter, with $1.9

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Housing Wire

JANUARY 19, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the 30-year fixed rate reached 3.64%, more than 30 basis points over the past two weeks. Higher rates led to the “slowest pace of refinance activity in over two years,” mainly among FHA and VA loans, Kan said in a statement.

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Loans Mortgages VA loan Fixed-rate mortgage 397

Housing Wire

APRIL 5, 2022

Dubbed the “Fast 15 Guarantee,” eligible loans for conventional single family homes will be cleared to close in no more than 15 business days from the submission of a complete loan file, according to Rocket Pro TPO, the wholesale arm of the lending giant. Most of that has to do with a lot of buyers in the market.

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Loans Closing VA loan Mortgages 384

Housing Wire

OCTOBER 25, 2024

As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict and eventual settlement from the National Association of Realtors (NAR), a top concern was how changes to the agent commission structure would impact veteran homebuyers. Department of Veterans Affairs (VA) would be disadvantaged.

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VA loan Purchase and sale agreement Loans Agents 421

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. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

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VA loan Agents Pre-approval Debt-to-income ratio 397

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. “VA loans are probably the best loans on the market.

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VA loan Agents Seller concession FHA loan 458

Housing Wire

DECEMBER 3, 2023

Loans in active foreclosure inched up to 217,000, but remained more than 25% below pre-pandemic levels. About 70% of loans currently three or more payments past due are protected from foreclosure by ongoing loss mitigation efforts. In 2024, roughly 75% of originations expected to come from purchase loans. for VA loans.

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Equity VA loan FHA loan Mortgages 441

Housing Wire

JULY 22, 2024

Since starting his career in the real estate industry more than five decades ago, Dave Liniger , the co-founder of RE/MAX , has seen and experienced quite a bit of change and innovation. If you look at the last 50 years of the real estate industry, the rules around residential transactions have become very complex.

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Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. While I’m a fan of improving antiquated systems, I first wonder if the VA, the MBA, or Congress were open enough about the problems with the current system.

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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.

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Housing Wire

DECEMBER 15, 2020

New home applications decreased 16% from October, said Joel Kan, MBA associate vice president of economic and industry forecasting. The average loan size of new homes increased from $355,684 in October to $357,554 in November, according to the survey. Conventional loans composed 71.8% from 70,000 new home sales in October.

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VA loan FHA loan Loans Residential 473

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. decline in purchase loan demand. 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2%

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VA loan Mortgages FHA loan Loans 428

Housing Wire

MARCH 31, 2025

This mirrors the benefits offered to military veterans through VA home loans. Marine Corps , Royer is a long-time member of the real estate industry. He currently works as chief production officer for Florida-based Salute Home Loans , a division of Capital Federal Credit Union. In addition to his time in the U.S.

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Loans Mortgages Design VA loan 363

Housing Wire

DECEMBER 15, 2021

“Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

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VA loan FHA loan Fixed-rate mortgage Loans 410

Housing Wire

NOVEMBER 7, 2023

Unfortunately, too many veterans, as well as too many real estate professionals, don’t have the understanding they need to successfully utilize VA loans. He has two decades of industry experience, with stints at Prudential Real Estate , USAA , Wells Fargo , and Mutual of Omaha.

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Lending VA loan Loans Mortgages 385

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. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago.

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VA loan Mortgages FHA loan Loans 432

Housing Wire

JUNE 17, 2021

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. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ?the and VA loans provided 10.4%.

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Housing Wire

NOVEMBER 7, 2024

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. Delinquency rates include loans at least 30 days past due. The quarterly survey reviews late-payment and foreclosure rates based on loan type, geographical information and demographic data.

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VA loan FHA loan Mortgages Loans 370

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 384

Lending Industrial Mortgages Loans 384

Housing Wire

NOVEMBER 16, 2021

Joel Kan, associate vice president of economic and industry forecasting at the MBA, noted in a statement that purchase activity in October was dominated by higher mortgage loan balance transactions, pushing the average new home loan size over $412,000—a record in the survey. of loan applications. FHA loans composed 13.5%

Mortgages 485

Mortgages VA loan FHA loan Construction 485

Housing Wire

OCTOBER 19, 2021

New home sales purchase activity was weaker in September, and the average loan size rose to another record high, as homebuilders continue to grapple with rising building materials costs and labor shortages. When looking at loans by product type, conventional loans made up 75.1% and RHS/USDA loans made up the final 0.5%.

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VA loan FHA loan Mortgages Loans 410

Housing Wire

OCTOBER 25, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.8% for the week ending Oct.

Mortgages 450

Mortgages VA loan FHA loan Loans 450

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. VA loans comprised 10.7%, increasing seven basis points.

FHA loan 441

FHA loan Mortgages VA loan Fixed-rate mortgage 441

RIS Media

APRIL 28, 2023

VA loans can look very attractive if you are a veteran or in the military. Buyers need to know that VA loans have property condition… The post The Pros and Cons of VA Loans appeared first on RISMedia. Despite offering good terms, they might not be the best option for everyone.

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Housing Wire

SEPTEMBER 17, 2024

These lenders take advantage of the profit margins on VA loans to charge veterans inflated fees and higher interest rates. According to its results, veteran homebuyers who work with a mortgage broker saved an average of $13,600 over the life of their loan compared to working with retail lenders. Click Here

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