Housing Wire

FEBRUARY 28, 2023

Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. However, amid a challenging mortgage market, monthly production fell from over $1.1 billion in the last 12 months, according to the mortgage data platform Modex.

Lending 392

Lending VA loan Loan Officer Loans 392

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 440

Lending Mortgages VA loan Finance 440

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. REALITY: There is no limit.

Loans 461

Loans VA loan Mortgages Lending 461

Housing Wire

DECEMBER 3, 2023

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. in October, also a series high, while the average among FHA and VA loans hit 45.5% for VA loans.

Equity 461

Equity VA loan FHA loan Mortgages 461

Housing Wire

SEPTEMBER 23, 2024

California -based mortgage lender loanDepot has hired military advocate Bryan Bergjans as part of an effort to boost its lending capacity in the U.S. Department of Veterans Affairs (VA) space. loanDepot executive vice president John Bianchi said the hiring reinforces the company’s commitment to VA lending.

VA loan 440

VA loan Lending Loans Loan Officer 440

Housing Wire

JUNE 5, 2024

On an unadjusted basis, the MBA’s market composite index decreased 16% compared with the prior week as mortgage rates remain firmly above 7% and home prices continue to remain near record levels. Department of Veterans Affairs (VA) loan applications. Mortgage applications dropped 5.2% of total applications, down from 31.3%

VA loan 475

VA loan Mortgages Fixed-rate mortgage Loans 475

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 392

Lending Industrial Mortgages Loans 392

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.

VA loan 411

VA loan Agents Pre-approval Debt-to-income ratio 411

Housing Wire

JUNE 17, 2024

Department of Veterans Affairs (VA) loans with either fixed or adjustable rates. Since January 2023, the bank has changed its strategy in home lending to focus on bank customers and minority homebuyers through its retail mortgage teams. Expanding the availability of the Dream.

Closing costs 477

Closing costs Closing VA loan Banks 477

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.

VA loan 82

VA loan Loans HR Due diligence 82

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%

VA loan 477

VA loan Agents Seller concession FHA loan 477

Housing Wire

OCTOBER 9, 2024

In reference to the purchase market, Fratantoni observed that a couple key factors continue to play a role in consumer demand. “As Now, there are more homes available in many markets across the country, and with mortgage rates still low compared to recent history, at least some potential homebuyers are moving ahead.” of applications.

VA loan 451

VA loan Mortgages FHA loan Loans 451

Housing Wire

SEPTEMBER 4, 2020

for failing to properly disclose the consumer’s repayment obligations over the full term of the loan, among other deceptive practices. and on July 24 against Sovereign Lending Group, Inc., A surge in VA refinance loans is driving the increase, with Q3 refinances spiking 296% year-over-year, the report said.

VA loan 476

VA loan Loans Lending Mortgages 476

Housing Wire

MAY 2, 2024

His portfolio is concentrated on purchase loans (98% of the total volume in 2023) for first-time homebuyers. Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. Before OneTrust, he worked at Wells Fargo , Nova Home Loans and Fairway Independent Mortgage Corp.

Loan Officer 440

Loan Officer Mortgages VA loan Lending 440

Housing Wire

JUNE 13, 2024

“There continues to be strength in the new home purchase market, as purchase applications increased in May compared to both the prior month and from a year ago,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. This was especially true for the Federal Housing Administration (FHA) lending segment.

Mortgages 440

Mortgages VA loan Loans Lending 440

Housing Wire

MARCH 11, 2024

increase in purchase activity, data from Optimal Blue ’s Originations Market Monitor report showed. for cash-out loans. “Although lock counts were down on a year-over-year basis, the rate of decline is decelerating and suggests we may be nearing a floor for purchase lending in the current rate environment.”

VA loan 469

VA loan FHA loan Loans Lending 469

Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process. Can you connect those dots for me? Ed Gerding: Sure.

Lending 439

Lending VA loan Banks Investor 439

Housing Wire

MAY 10, 2024

Roam Boost would allow this hypothetical customer to benefit from the assumption of an existing first-lien mortgage at 3% along with a new second-lien mortgage at current market rates, helping them achieve a blended rate in the range of 4% to 5%, according to Roam’s calculations. Roam also added a new guarantee for its customers.

Mortgages 440

Mortgages VA loan Loans Lending 440

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

VA loan 461

VA loan Mortgages Loans Agents 461

Keeping Current Matters

MARCH 22, 2021

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. Bottom Line.

VA loan 322

VA loan FHA loan Mortgages Lending 322

Housing Wire

JANUARY 26, 2022

And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans. Building the next generation of tech: Three ways to digitize home lending.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

Housing Wire

MARCH 13, 2023

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. Meanwhile, cash-out refinances fell 11% and rate/term refinances remained near historic lows, according to Black Knight’s originations market report. of the total loan product mix — picked up share.

Loans 370

Loans Mortgages VA loan FHA loan 370

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. Currently, all VA appraisals must be performed in-house. Dan Sullivan of Alaska and Congressman Mike Bost of Illinois, would address a long-standing gripe that VA appraisal requirements are both lengthy and costly.

VA loan 411

VA loan Loans Lending Finance 411

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Government, FHA, and VA loans do not apply and the program is not available in 16 states, including New York, Massachusetts, and Rhode Island.

Closing 392

Closing Loans VA loan Mortgages 392

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.

VA loan 107

VA loan Loans Lending Loan Officer 107

Housing Wire

OCTOBER 11, 2024

The real estate data analysis firm noted that the index “has been slightly increasing to flat over the last year, which is expected given the minimal changes affecting the factors that typically drive changing risk in mortgage market.” Purchase loans (0.9%) had higher levels of risk than refinances (0.58%).

Mortgages 515

Mortgages Sales Loans Lending 515

Housing Wire

MARCH 30, 2023

housing market would crash during the pandemic. It means certain mortgage products might not be offered, FICO score requirements might be raised, and it can mean pricing for certain loans goes up to account for the risk. housing market. Many people predicted that the U.S. during the last few years, nor can we ever.

Loans 539

Loans VA loan Banks Mortgages 539

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight ’s originations market monitor report. of the month’s market mix, a record high. In other words, nearly nine out of every 10 mortgages originated is a purchase loan.

Marketing 370

Marketing Loans Lending Mortgages 370

Housing Wire

NOVEMBER 4, 2020

This may be due to tighter lender guidelines for jumbos as markets responded to COVID-19 and forbearance risks. Investment purchases had a 74% increase in risk despite lower volumes and tighter lending guidelines, reflecting a new high in the history of CoreLogic’s index.

Mortgages 440

Mortgages VA loan Loans Lending 440

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. CMS is going heavy on a rarely used mortgage product to solve this market problem. Because Fannie Mae and Freddie Mac loans – nearly two-thirds of the mortgage market – are not eligible to be assumed, it’s a niche product.

FHA loan 392

FHA loan Mortgages Loan Officer VA loan 392

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles.

Mortgages 512

Mortgages FHA loan Loans Loan Officer 512

Housing Wire

MAY 5, 2022

The MBA found that purchase applications increased for conventional, FHA, and VA loans — all up 4% this week from the previous week. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. Refi applications dropped to 33.9% Presented by: Polly.

Mortgages 370

Mortgages VA loan Fixed-rate mortgage Banks 370

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. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 489

Mortgages VA loan Finance Renovation 489

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. About 1,820 homes were sold in the city in January alone, a 7.2%

Mortgages 392

Mortgages Loans Lending Construction 392

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio 427

Debt-to-income ratio Mortgages VA loan Loans 427

Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes.

Loans 440

Loans Mortgages Lending As-is 440