Housing Wire

DECEMBER 3, 2023

The more the industry can do to educate, and update, borrowers as to their equity positions, the better,” Walden said. Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans.

Equity 413

Equity VA loan FHA loan Mortgages 413

Housing Wire

MAY 8, 2023

I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. Assuming a VA loan I have nothing but the utmost respect for everyone serving in the military. Veterans Affairs (VA) mortgage loans can be an excellent product for veterans.

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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. This service record may qualify for a Veteran Affairs (VA) loan. VA loans have no down payment requirement.

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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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Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

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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. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

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Housing Wire

DECEMBER 22, 2021

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. The overall market composite index dipped 31.9% That marks the second-highest amount ever, indicating more activity in the higher end of the market. . in the period.

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Mortgages VA loan FHA loan Fixed-rate mortgage 359

Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. Overall sales of new homes are still down 7% from last year, according to Joel Kan, MBA associate vice president of economic and industry forecasting. Conventional mortgage loans composed 74.4%

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Housing Wire

OCTOBER 25, 2023

These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity.” Meanwhile, the ARM share inched up to 9.5%, its highest level since November 2022. The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% from 14.8% for the week ending Oct.

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Mortgages VA loan FHA loan Loans 390

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.

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Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. In other words, they don’t know that their FHA or VA loan can be attached to the home sale when they sell it. So, we help them include that marketing for that home. We help agents get a marketing edge by including their mortgage with the home sale. Raunaq Singh About $8.5

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VA loan Mortgages Loans Agents 391

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.

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Lab Coat Agents

MAY 21, 2024

In today’s rapidly evolving real estate market, assumable mortgages have emerged as a game-changer for homebuyers seeking to save money and secure favorable financing terms. How Do Assumable Mortgages Differ from Traditional Home Loans?

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Housing Wire

APRIL 22, 2024

Real estate executives disagree on many things, but nearly everyone agrees that the terms of the National Association of Realtors’ commission lawsuit settlement agreement , if approved by the court (a big if), would generate significant change within the industry. Department of Veterans Affairs (VA) loans.

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Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% 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. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior.

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Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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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. month over month. “In

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Housing Wire

OCTOBER 19, 2021

The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors. When looking at loans by product type, conventional loans made up 75.1% of all loan applications, FHA loans represented 13.9%, VA loans composed 10.5%

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VA loan FHA loan Mortgages Loans 381

Housing Wire

AUGUST 19, 2021

Marina Walsh, vice president of industry analysis at the MBA, noted that the recovery is being driven by several factors “including improved employment and other economic conditions, the availability of home retention workout options after forbearance, and a strong housing market that is bringing additional alternatives to distressed homeowners.”.

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VA loan Mortgages FHA loan Loans 423

Housing Wire

FEBRUARY 16, 2023

“As expected, the overall national mortgage delinquency rate increased in the fourth quarter of 2022 from its previous quarterly survey low,” Marina Walsh, MBA’s vice president of industry analysis, said. Nonfarm payrolls increased by 517,000 jobs in January from December — far higher than the 187,000 market estimate.

Mortgages 388

Mortgages Equity VA loan FHA loan 388

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 389

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Housing Wire

MARCH 28, 2024

the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. Better Home & Finance Holding Co. ,

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Housing Wire

MAY 19, 2022

“New home purchase activity declined on a monthly and annual basis in April, as the spike in mortgage rates cooled demand, and homebuilders continued to grapple with rising costs, supply-chain issues, and extended completion timelines,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting, in a statement.

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Housing Wire

MAY 25, 2022

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. . Higher mortgage rates also impacted purchase market conditions, according to the MBA. from 10.5% from 11.1%

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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 ? and VA loans provided 10.4%.

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Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. The overall market composite index dipped 24.5%

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Mortgages VA loan FHA loan Fixed-rate mortgage 416

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. Conventional loans accounted for 72.1% of loan applications. Conventional loans accounted for 72.1%

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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. The overall market composite index dipped 27.3% Refinance apps fell 36.5%

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FHA loan Mortgages VA loan Fixed-rate mortgage 425

Housing Wire

JUNE 1, 2022

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. Mortgage applications decreased to its lowest level since December 2018, as the purchase market continues to struggle with supply and affordability challenges.”. from 11.3%

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Fixed-rate mortgage Mortgages VA loan Loans 414

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%

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Mortgages VA loan FHA loan Construction 471

Housing Wire

JANUARY 19, 2022

from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 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.

Loans 380

Loans Mortgages VA loan Fixed-rate mortgage 380

Housing Wire

FEBRUARY 18, 2022

Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that building delays continue to impact the emergence of additional housing supply. The average loan size for new homes in December was $423,102, the trade group noted. VA loans made up 9.5%

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VA loan Loans Sales Mortgages 389

Housing Wire

OCTOBER 21, 2022

housing market is evolving rapidly, and housing affordability has eroded nationwide, with first-time homebuyers and lower income households that Ginnie Mae exists to serve feeling the effects most acutely,” Ginnie Mae President Alanna McCargo said in a statement Friday. How local lenders can support homeownership in today’s housing market.

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Housing Wire

NOVEMBER 30, 2021

The overall market composite index dipped 29.6% Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said mortgage rates rose for the third week in a row, reducing incentives for many borrowers to refinance. For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%. of the total.

Mortgages 345

Mortgages VA loan FHA loan Fixed-rate mortgage 345

Housing Wire

JULY 19, 2022

“Higher mortgage rates and heightened economic uncertainty cooled borrower demand in June, leading to new-home purchase applications declining to the lowest level since April 2020,” said Joel Kan, associate vice president of economic and industry forecasting at the MBA. Conventional loans accounted for 73.7% of loan applications.

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Mortgages VA loan FHA loan Loans 354

Housing Wire

MAY 4, 2022

The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume. The seasonally adjusted purchase index rose 4.1% percent, up from 4.89

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Fixed-rate mortgage Mortgages VA loan Loans 363

Housing Wire

AUGUST 22, 2022

“Mortgage applications to purchase newly built homes weakened in July, as prospective homebuyers continue to delay decisions because of economic uncertainty and still-high home prices and mortgage rates,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. By product type, conventional loans composed 70.7%

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