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Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021. MORE
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. MORE
Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day. MORE
Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing. MORE
The number of loans in forbearance stood unchanged from last week at 3.25% for the week ending on Aug. According to the latest report from the Mortgage Bankers Association , 1.6 The share of Fannie Mae and Freddie Mac loans in forbearance remained the same, at 1.66%. MORE
forbearance rate measuring the share of mortgages with suspended payments increased for the second consecutive week in nearly five months from 5.48% to 5.54%, according to the Mortgage Bankers Association. The U.S. MORE
After six weeks of steady declines, the number of mortgages in active forbearance rose by 21,000 last week, according to a new report. to 7.3% – a total of 28,000 new loans in forbearance. The post Loans in forbearance gain after 6 weeks of decline appeared first on HousingWire. MORE
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter of 2020 – nearly tripling the average first-quarter gain of $1,600 per loan, according to a report by the Mortgage Bankers Association. MORE
forbearance rate measuring the share of mortgages with suspended payments fell 16 basis points to 5.67% last week, with four of the five loan types dropping by double-digit basis points, according to the Mortgage Bankers Association. The U.S. MORE
Department of Housing and Urban Development on Tuesday extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. This announcement follows FHFA action last week to extend moratoriums for loans backed by Fannie Mae and Freddie Mac. The U.S. MORE
the week prior , mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% After faltering 4.8% MORE
If such a rule is implemented, industry veterans and labor attorneys say it could change how the mortgage industry recruits and retains talent over the next decade and beyond. The post How a noncompete ban would impact the mortgage industry appeared first on HousingWire. MORE
The COVID-19 pandemic continues to impact the mortgage industry, and servicers are dealing with an increased call volume as borrowers transition in and out of forbearance and make decisions regarding the future of their homes. The post Loan servicing solutions appeared first on HousingWire. MORE
Learn all you need to know about jumbo vs. conventional loans. Explore interest rates, requirements, and who should use which loan type. MORE
In the decade since Fannie Mae launched the industry’s first multifamily green initiative, the GSEs and FHA have provided over $150 billion in multifamily green loans, conserving energy, water, and reducing carbon emissions in properties across the country. MORE
Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market. Rich Tucker: Our Loan Operations team is pivotal to our success as a company. Awards Mortgage MORE
For the third week in a row, mortgage applications decreased. Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.3% MORE
After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. of total mortgage applications from 63.3% MORE
For servicers and subservicers, compliance with federal and state regulations is a top priority, especially given today’s record high loan volumes driven by historically low rates. It’s critical to quickly evaluate the success rate of a loan by identifying and correcting errors in real time. MORE
For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. MORE
For one, the mortgage industry is experiencing historically low interest rates, which have set in motion a refinancing boom that has dramatically increased lien release volume processing. Today’s servicers are working in a challenging environment due to several compounding factors. MORE
The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $131,250. MORE
Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday. Presented by: Citi Mortgage. MORE
Mortgage credit availability dipped 8.5% in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. Kan added that the “full impact” of new loan programs remains to be seen. MORE
Mortgage loan application volume rebounded from the week prior, increasing by 0.3% 10, according to the Mortgage Bankers Association’s weekly report. The post The purchase mortgage market continues to pick up steam appeared first on HousingWire. MORE
trillion this year, stretching the capacity limits of lenders and everyone else in the housing ecosystem, some mortgage applicants simply haven’t been worth his while. “I Lonnie Glessner isn’t normally one to turn down business. But with origination volume expected to exceed $3.4 MORE
It dropped four basis points to 3.87% last week, according to a survey from the Mortgage Bankers Association. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased three basis points to 1.99%, and Ginnie Mae loans decreased three basis points to 5.10%. MORE
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. Yes, we’re talking about a bridge loan. The post What is a bridge loan? MORE
Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. In 125 counties, FHA’s loan limits will remain unchanged. MORE
forbearance rate measuring the share of mortgages with suspended payments fell seven basis points to 5.83% last week, according to the Mortgage Bankers Association. Approximately 23.95% of total loans in forbearance are in the initial stage, while 74.49% are in a forbearance extension. MORE
MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. Both programs are offered for loan values from $400,000 to $3 million. MORE
Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. That placed Caliber just behind United Wholesale Mortgage. MORE
After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% 11 amid mortgage rates that hit a new survey low. The refinance share of mortgage activity increased to 72.7% MORE
The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac. MORE
Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report. MORE
announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners in 2020 turned to renovation loans roughly as much as they did in 2019, originating $51.7 MORE
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. Yes, we’re talking about a bridge loan. The post What is a bridge loan?
Housing Wire
DECEMBER 2, 2020
Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday. Presented by: Citi Mortgage.
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Housing Wire
NOVEMBER 2, 2020
forbearance rate measuring the share of mortgages with suspended payments fell seven basis points to 5.83% last week, according to the Mortgage Bankers Association. Approximately 23.95% of total loans in forbearance are in the initial stage, while 74.49% are in a forbearance extension.
Housing Wire
DECEMBER 9, 2020
trillion this year, stretching the capacity limits of lenders and everyone else in the housing ecosystem, some mortgage applicants simply haven’t been worth his while. “I Lonnie Glessner isn’t normally one to turn down business. But with origination volume expected to exceed $3.4
Housing Wire
JANUARY 31, 2021
The COVID-19 pandemic continues to impact the mortgage industry, and servicers are dealing with an increased call volume as borrowers transition in and out of forbearance and make decisions regarding the future of their homes. The post Loan servicing solutions appeared first on HousingWire.
Housing Wire
SEPTEMBER 15, 2021
Mortgage loan application volume rebounded from the week prior, increasing by 0.3% 10, according to the Mortgage Bankers Association’s weekly report. The post The purchase mortgage market continues to pick up steam appeared first on HousingWire.
Housing Wire
JANUARY 31, 2021
For one, the mortgage industry is experiencing historically low interest rates, which have set in motion a refinancing boom that has dramatically increased lien release volume processing. Today’s servicers are working in a challenging environment due to several compounding factors.
Housing Wire
NOVEMBER 24, 2020
The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $131,250.
Housing Wire
MAY 26, 2021
After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. of total mortgage applications from 63.3%
Housing Wire
JULY 6, 2021
It dropped four basis points to 3.87% last week, according to a survey from the Mortgage Bankers Association. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased three basis points to 1.99%, and Ginnie Mae loans decreased three basis points to 5.10%.
Housing Wire
DECEMBER 1, 2020
forbearance rate measuring the share of mortgages with suspended payments increased for the second consecutive week in nearly five months from 5.48% to 5.54%, according to the Mortgage Bankers Association. The U.S.
Housing Wire
MARCH 3, 2021
MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. Both programs are offered for loan values from $400,000 to $3 million.
Housing Wire
DECEMBER 2, 2020
Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. In 125 counties, FHA’s loan limits will remain unchanged.
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.
Housing Wire
SEPTEMBER 29, 2020
In the decade since Fannie Mae launched the industry’s first multifamily green initiative, the GSEs and FHA have provided over $150 billion in multifamily green loans, conserving energy, water, and reducing carbon emissions in properties across the country.
Housing Wire
JANUARY 29, 2021
Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day.
Housing Wire
MAY 12, 2021
Since the client began the search for her dream home earlier this year, her Veterans Affairs mortgage loan offers have been rejected over a dozen times. Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing.
Housing Wire
OCTOBER 2, 2020
Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. That placed Caliber just behind United Wholesale Mortgage.
Housing Wire
AUGUST 30, 2021
The number of loans in forbearance stood unchanged from last week at 3.25% for the week ending on Aug. According to the latest report from the Mortgage Bankers Association , 1.6 The share of Fannie Mae and Freddie Mac loans in forbearance remained the same, at 1.66%.
The Mortgage Report
SEPTEMBER 13, 2021
Learn all you need to know about jumbo vs. conventional loans. Explore interest rates, requirements, and who should use which loan type.
Housing Wire
OCTOBER 7, 2020
the week prior , mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% After faltering 4.8%
Housing Wire
SEPTEMBER 16, 2021
Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report.
Housing Wire
JUNE 14, 2021
Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market. Rich Tucker: Our Loan Operations team is pivotal to our success as a company. Awards Mortgage
Housing Wire
AUGUST 23, 2021
If such a rule is implemented, industry veterans and labor attorneys say it could change how the mortgage industry recruits and retains talent over the next decade and beyond. The post How a noncompete ban would impact the mortgage industry appeared first on HousingWire.
Housing Wire
DECEMBER 16, 2020
After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% 11 amid mortgage rates that hit a new survey low. The refinance share of mortgage activity increased to 72.7%
Housing Wire
FEBRUARY 16, 2021
Department of Housing and Urban Development on Tuesday extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. This announcement follows FHFA action last week to extend moratoriums for loans backed by Fannie Mae and Freddie Mac. The U.S.
Housing Wire
JULY 15, 2021
Mortgage credit availability dipped 8.5% in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. Kan added that the “full impact” of new loan programs remains to be seen.
Housing Wire
JUNE 23, 2021
For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA.
Housing Wire
SEPTEMBER 9, 2020
Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021.
Housing Wire
NOVEMBER 9, 2020
forbearance rate measuring the share of mortgages with suspended payments fell 16 basis points to 5.67% last week, with four of the five loan types dropping by double-digit basis points, according to the Mortgage Bankers Association. The U.S.
Housing Wire
MAY 10, 2021
announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners in 2020 turned to renovation loans roughly as much as they did in 2019, originating $51.7
Housing Wire
SEPTEMBER 2, 2020
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $4,548 on each loan they originated in the second quarter of 2020 – nearly tripling the average first-quarter gain of $1,600 per loan, according to a report by the Mortgage Bankers Association.
Housing Wire
JUNE 9, 2021
For the third week in a row, mortgage applications decreased. Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.3%
Housing Wire
JANUARY 31, 2021
For servicers and subservicers, compliance with federal and state regulations is a top priority, especially given today’s record high loan volumes driven by historically low rates. It’s critical to quickly evaluate the success rate of a loan by identifying and correcting errors in real time.
Housing Wire
APRIL 21, 2021
The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac.
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