Housing Wire

DECEMBER 17, 2024

Conventional loans accounted for 61.6% of applications, Federal Housing Administration (FHA) loans for 28% and U.S. Department of Veterans Affairs (VA) loans for 9.9% The average loan size for new homes decreased to $402,873, down from $409,942 in October. from the 56,000 sales in October. in November.

FHA loan 383

FHA loan VA loan Mortgages Loans 383

Housing Wire

DECEMBER 18, 2024

Market data at HousingWire ‘s Mortgage Rates Center showed an average fixed rate of 6.87% for 30-year conforming loans on Wednesday, a slight increase from the week ending on Dec. “Conventional and VA purchase applications drove this week’s increase in purchase activity on a weekly and annual basis,” Kan added.

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VA loan Mortgages FHA loan Loans 377

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

JANUARY 2, 2025

Applications for refinances drove the decrease in the overall index as they fell 36%, while applications for purchase loans were down 13%. Data at HousingWire ‘s Mortgage Rates Center also shows consistent upward movement in the cost of a home loan during the last two weeks of the year.

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FHA loan Mortgages VA loan Loans 441

Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

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FHA loan VA loan Mortgages Loans 358

Housing Wire

JANUARY 14, 2025

A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December. Optimal Blue’s December 2024 Market Advantage report is a monthly study that analyzes key indicators to provide insights into U.S. mortgage market trends. ” The conforming loan share dropped by 1.5%

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VA loan FHA loan Mortgages Loans 369

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. In 2020, 3.82

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VA loan Loans Lending Finance 384

Housing Wire

DECEMBER 3, 2024

Global analytics software leader FICO on Tuesday announced the launch of the first-ever government-issued mortgage-backed security (MBS) with loans originated using FICO Score 10 T. The MBS pool was issued by Cardinal Financial and included loans from the U.S. Department of Veterans Affairs (VA).

VA loan 383

VA loan Mortgages Loans Lending 383

Housing Wire

DECEMBER 11, 2024

Data at HousingWire ‘s Mortgage Rates Center showed an average rate of 6.85% for 30-year conforming loans on Wednesday, a slight decrease from the week ending Dec. Government loan activity saw a slight jump. Department of Veterans Affairs (VA) loans followed suit, jumping 270 bps to 16.3% of all applications.

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As-is VA loan Mortgages Loans 384

Housing Wire

NOVEMBER 27, 2024

22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. Mortgage applications rose 6.3%

Mortgages 370

Mortgages VA loan FHA loan Fixed-rate mortgage 370

Housing Wire

MAY 19, 2025

With rates in the high-6% range on 30-year fixed products, borrowers are increasingly turning to 7/1 ARM products , said Mike Fratantoni , chief economist for the Mortgage Bankers Association , during the trade group’s Secondary & Capital Markets Conference on Monday in New York City. It was a more affordable mortgage.”

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Loans Mortgages Banks Finance 323

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

FEBRUARY 13, 2025

Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue ‘s January 2025 Market Advantage mortgage data report released Thursday. of all locked loans in January. The average loan amount there was $576,385. It was followed by Dallas (3.4%

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VA loan FHA loan Mortgages Loans 286

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier.

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Loans VA loan FHA loan Finance 542

Housing Wire

MAY 5, 2025

ICE attributes this to a higher interest rate environment that continued to dampen repeat buyer participation in the market. Gen Z was responsible for one in four loans issued to first-time homebuyers. Gen Z participation is higher in lower-cost markets as market affordability challenges price them out of coastal areas.

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Housing Wire

NOVEMBER 4, 2024

By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. They will continue to charge the highest price the market will bear, and leave buyers with an added up-front cost. High housing prices are caused by a housing shortage.

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Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August. The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5%

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VA loan Mortgages FHA loan Fixed-rate mortgage 515

Housing Wire

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages 392

Mortgages Title Lending Loans 392

Housing Wire

APRIL 18, 2025

By product type, conventional loans composed 49.0% of loan applications, FHA loans composed 37.0%, RHS/ USDA loans composed 0.9% and VA loans composed 13%. The average loan size for new homes decreased from $397,516 in February to $381,921 in March. compared to a year ago.

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VA loan FHA loan Mortgages Loans 201

Housing Wire

MAY 21, 2024

Michelle Corridon, deputy policy director at the VA, announced at the Mortgage Bankers Association ‘s Secondary & Capital Markets Conference in New York that the circular would be issued between now and June 12. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA. “As

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VA loan Agents Loans MLS 517

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So

Loans 441

Loans FHA loan Loan Officer Mortgages 441

Housing Wire

FEBRUARY 12, 2025

The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week. The average loan size for refinance borrowers increased, as these borrowers tend to be more responsive for a given change in rates. the week prior and the VA share of total applications increased to 14.6%

Fixed-rate mortgage 239

Fixed-rate mortgage Mortgages VA loan Loans 239

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. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. In 2018-2019, total housing market inventory was in the range between 1.52

Marketing 500

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Housing Wire

APRIL 2, 2025

Roam gives Americans the tools to save themselves from the increasing disconnect between what families can afford and what the median home sells for in this market. Assumable mortgages let buyers take over a sellers loan, with Federal Housing Administration (FHA) and Veterans Affairs (VA) loans about one-third of all U.S.

Mortgages 260

Mortgages VA loan Loans Closing 260

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Behr, program analyst at the department’s Loan Guaranty Service and Veterans Benefits Administration, said in a statement.

VA loan 517

VA loan Loans Brokerage MLS 517

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. 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. Mortgage applications increased 2.3%

Loans 397

Loans Mortgages VA loan Fixed-rate mortgage 397

Housing Wire

JULY 10, 2024

Signs of a “stagnant late-spring housing market“ emerged in June as U.S. That’s a key takeaway from the June 2024 Market Advantage report released Wednesday by Optimal Blue. The volume of locked loans (including purchases and refinances) rose 2% from the prior month when accounting for fewer days of production in June.

VA loan 402

VA loan Marketing Loans Mortgages 402

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.

Agents 272

Agents Loan Officer VA loan Loans 272

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.

Loans 384

Loans Closing VA loan Mortgages 384

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 397

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

Housing Wire

APRIL 28, 2025

rose to a six-quarter high during the first three months of 2025, fueled by a surge in properties that hit the market after the expiration of post-pandemic protections, according to a report from Auction.com. Activity increased across all loan types except those backed by the U.S. Loans guaranteed by the U.S.

Loans 364

Loans Real-estate owned Sales Marketing 364

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 79

VA loan Loans HR Due diligence 79

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S.

FHA loan 441

FHA loan VA loan Mortgages Loans 441

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%

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VA loan Agents Seller concession FHA loan 458

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. Department of Veterans Affairs (VA) would be disadvantaged. The temporary guidance went into effect on Aug.

VA loan 421

VA loan Purchase and sale agreement Loans Agents 421

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

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. Cooper’s servicing portfolio delivered $214 million in pretax income, including $82 million in mark-to-market. ” Mr. .”

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