Housing Wire

DECEMBER 3, 2024

By helping to enable smarter, more precise lending decisions, FICO is driving innovation that supports both financial institutions and the communities they serve. Cardinal claims to be one of the first lenders to adopt FICO 10 T for its nonconforming loans. In October, Cardinal started using the model to originate VA loans.

VA loan 387

VA loan Mortgages Loans Lending 387

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.

VA loan 447

VA loan Loans As-is Mortgages 447

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). . The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated.

VA loan 388

VA loan Loans Lending Finance 388

Housing Wire

NOVEMBER 7, 2023

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy.

Lending 404

Lending VA loan Loans Mortgages 404

Housing Wire

MARCH 5, 2025

The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. On-the-ground observations Loan officers say they’re seeing an increase in government loan demand. Certain geographic areas have higher shares of government loans.

Loan Officer 285

Loan Officer Loans VA loan FHA loan 285

Housing Wire

SEPTEMBER 17, 2024

Anthony Casa, President & CEO of UMortgage , isn’t mincing words when it comes to the lending practices that often victimize our veterans. These lenders take advantage of the profit margins on VA loans to charge veterans inflated fees and higher interest rates. Our veterans deserve better.

Lending 417

Lending VA loan Loans Mortgages 417

Housing Wire

DECEMBER 10, 2024

Refinances out of 2023 and 2024 vintages drove an impressive 78% of recent rate/term lending and nearly half of refi activity overall. Department of Veterans Affairs (VA) loans had saw the largest monthly improvements, dropping their rates by 1.28 percentage points) and October (-1.17 percentage points). Borrowers with U.S.

Mortgages 369

Mortgages VA loan Loans Closing 369

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. According to its website, it includes a portfolio with fixed and adjustable rate mortgages (ARMs) and government loans, such as FHA, USDA and VA loans.

Lending 388

Lending VA loan Loan Officer Loans 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 430

Lending Mortgages VA loan Finance 430

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

Mortgages 401

Mortgages Title Lending Loans 401

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 451

Loans VA loan Mortgages Lending 451

Housing Wire

DECEMBER 4, 2024

But government loans trended slightly upward. Federal Housing Administration (FHA) loans remained at 16% of all applications. Department of Veterans Affairs (VA) loans grew their share to 13.6%, compared to 12.4% Department of Agriculture (USDA) loans dropped 1 bps to 0.4%. in the prior week. the previous week.

Mortgages 388

Mortgages VA loan FHA loan Loans 388

Housing Wire

JUNE 10, 2025

Conversely, when the index declines, it means lending standards are tightening. Government loan supply increased by 2.9% In May, top mortgage lenders launched new products, with Rate investing in a new suite of non-QM loans and United Wholesale Mortgage offering 5/1 ARMs for FHA and VA loans.

VA loan 211

VA loan Mortgages Loans Lending 211

Housing Wire

SEPTEMBER 1, 2020

for advertisements that misrepresented the credit terms of the advertised mortgage loan by stating credit terms that the company was not actually prepared to offer to the consumers, among other deceptive practices. On July 24, the CFPB announced consent orders against Sovereign Lending Group, Inc., and Prime Choice Funding, Inc. ,

VA loan 493

VA loan Mortgages Loans Principal 493

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 430

VA loan Lending Loans Loan Officer 430

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 FHA loans and 44.5%

Equity 451

Equity VA loan FHA loan Mortgages 451

Housing Wire

MARCH 29, 2022

At first blush, this may seem like overkill; does a lender really gain anything by harnessing all that extra data for a VA loan that only requires two months of bank statements? The post Deeper asset history unlocks new lending opportunities appeared first on HousingWire. I’d love to hear your thoughts on long asset history.

Lending 370

Lending Earnest money deposit VA loan 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 388

Lending Industrial Mortgages Loans 388

Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

VA loan 403

VA loan Agents Pre-approval Debt-to-income ratio 403

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. Fratantoni noted that government purchase volume was down less, aided by growth in U.S. The refinance share of mortgage activity decreased to 31.1%

VA loan 465

VA loan Mortgages Fixed-rate mortgage Loans 465

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 468

VA loan Agents Seller concession FHA loan 468

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 80

VA loan Loans HR Due diligence 80

Inman

JULY 4, 2025

Housing counselor Rachael Hite says that VA loan holders who are having challenges paying their mortgages are losing a mortgage rescue and restructure plan called VASP.

VA loan 158

VA loan Loans Mortgages Banks 158

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 468

Closing costs Closing VA loan Banks 468

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 466

VA loan Loans Lending Mortgages 466

Housing Wire

OCTOBER 9, 2024

MBA data showed that government lending continues to represent a steady share of the mortgage market. 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2% Department of Veterans Affairs (VA) loans rose by 150 bps to account for 16.9% For the week ending Oct. of applications.

VA loan 440

VA loan Mortgages FHA loan Loans 440

Housing Wire

MARCH 29, 2024

The majority of consumer complaints in the mortgage arena (13,100, or 58%) were focused on conventional home loans, followed by Federal Housing Administration (FHA) loans (19%), U.S. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%). The penalties totaled $1.7

Mortgages 437

Mortgages VA loan FHA loan Lending 437

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.

Industrial 203

Industrial VA loan Lending Loans 203

Housing Wire

MAY 2, 2024

7 loan officer in the country last year with a mortgage production volume of $326.5 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.

Loan Officer 430

Loan Officer Mortgages VA loan Lending 430

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 428

Lending VA loan Banks Investor 428

Housing Wire

MARCH 11, 2024

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.” Meanwhile, conforming loans maintained a steady share of 57%, with slight decreases in the FHA and VA loan shares.

VA loan 460

VA loan FHA loan Loans Lending 460

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.

VA loan 326

VA loan FHA loan Mortgages Lending 326

Housing Wire

JUNE 13, 2024

This was especially true for the Federal Housing Administration (FHA) lending segment. Conventional loans comprised 63.4% Department of Veterans Affairs (VA) loans accounting for 9.8% Department of Agriculture (USDA) loans at 0.3%. of all applications, with U.S.

Mortgages 430

Mortgages VA loan Loans Lending 430

Housing Wire

APRIL 10, 2023

What does the VA loan fee reduction mean for veterans and active-duty families using their no-down-payment mortgage, an “earned benefit” thanks to their uniformed service to the nation? Mortgage loan fees should not be higher than needed to safely run government-backed lending.

Loans 403

Loans FHA loan Mortgages VA loan 403

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. This includes ensuring the transaction adheres to consumer protection laws and fair lending practices, and a 45-day maximum for completing the approval process.

VA loan 451

VA loan Mortgages Loans Agents 451

Housing Wire

MARCH 3, 2022

Here’s how to proactively maintain fair lending. According to the Mortgage Bankers Association , in the fourth quarter of 2021 the VA delinquency rate declined 57 basis points to 5.24 During 2021 overall, the share of VA loans that were delinquent decreased by 205 basis points, the MBA said. Meanwhile, as of Jan.

VA loan 370

VA loan Pre-approval Principal Loans 370

Housing Wire

MAY 10, 2024

Roam now services 35% of homes with FHA and VA loans in the U.S., The investors included Tony Xu, chief executive of DoorDash ; Dylan Field, CEO of Figma ; and Paul Gu, co-founder of lending platform Upstart , among others. Roam has also expanded to three additional markets: Tucson, Arizona; Jacksonville, Florida; and Chicago.

Mortgages 430

Mortgages VA loan Loans Lending 430