Housing Wire

APRIL 9, 2025

Last week’s activity focused on purchase activity, which posted year-over-year growth for more than two months as for-sale inventory continues to increase steadily. The average refinance loan size jumped to its second highest in the survey at $399,600. The VA share of total applications increased to 15.7% from 14.4%

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Loans VA loan 458

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.

VA loan 199

VA loan FHA loan Mortgages Loans 199

Housing Wire

MAY 5, 2025

Gen Z was responsible for one in four loans issued to first-time homebuyers. And despite tightened affordability , first-time buyer purchase lending has held up better than activity among repeat buyers compared to 2018 and 2019 especially for conventional loans through the government-sponsored enterprises ( GSEs ). Washington, D.C.,

Lending 306

Lending FHA loan VA loan Loans 306

Housing Wire

JUNE 17, 2021

the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. 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.

Sales 500

Sales VA loan FHA loan Loans 500

Housing Wire

MARCH 21, 2025

foreclosure pre-sale inventory rate was 0.39% during February, a month-over-month change of 2.16% and a year-over-year change of -1.99%. Prepayment activity (SMM) fell to 0.46% in February, the lowest level in a year, on higher rates and a seasonal dip in home sales. Starts saw a year-over-year change of 34.53%. The total U.S.

FHA loan 400

FHA loan Loans Mortgages Sales 400

Housing Wire

APRIL 28, 2025

Activity increased across all loan types except those backed by the U.S. Loans guaranteed by the U.S. Department of Veterans Affairs (VA) saw the sharpest jump, with auction volume more than doubling year over year after the expiration of a VA foreclosure moratorium at the end of 2024. Department of Agriculture (USDA).

Loans 360

Loans Real-estate owned Sales Marketing 360

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 304

Debt-to-income ratio Agents VA loan MLS 304

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. Home sales were down 23% year over year, but all-cash deals only fell 11%, according to Redfin’s analysis. In September, government-insured FHA loans represented a little over 15% of U.S. in April 2023. in April 2023.

FHA loan 441

FHA loan VA loan Mortgages Loans 441

Housing Wire

JULY 26, 2021

New home sales continued to slip in June, falling 6.6% The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700. “Builders are working through this uncertainty by managing their pipelines, notably expanding the number of homes for sale that are not yet started.”

Sales 421

Sales VA loan FHA loan Loans 421

Real Estate News

JUNE 16, 2025

Dave Gallagher June 16, 2025 3 mins Homebuyer down payments have started to dip, a sign that those who are using loans to help finance their purchases are shifting their focus to less expensive homes. There has also been an uptick in buyers using FHA and VA loans, which require lower down payments. Redfin found that 15.3%

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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 458

VA loan Agents Seller concession FHA loan 458

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. Between moderating sales prices and volatile mortgage rates, buyers seem to be biding their time.”. of loan applications.

Sales 370

Sales Mortgages VA loan FHA loan 370

Housing Wire

MARCH 22, 2023

The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year ago, while the share of mortgaged sales using VA loans rose to 7.5% Detroit saw the highest share of FHA loans at 29.5%

VA loan 410

VA loan FHA loan Loans Mortgages 410

Housing Wire

SEPTEMBER 23, 2024

Department of Veterans Affairs (VA) space. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development. Earlier this year, loanDepot expanded its sales leadership team by adding Justin Andrews and Jeff Wilkish.

VA loan 421

VA loan Lending Loans Loan Officer 421

Housing Wire

DECEMBER 3, 2023

Loans in active foreclosure inched up to 217,000, but remained more than 25% below pre-pandemic levels. About 70% of loans currently three or more payments past due are protected from foreclosure by ongoing loss mitigation efforts. In 2024, roughly 75% of originations expected to come from purchase loans. for VA loans.

Equity 441

Equity VA loan FHA loan Mortgages 441

Housing Wire

OCTOBER 11, 2024

Purchase loans (0.9%) had higher levels of risk than refinances (0.58%). CoreLogic determined that the lowest-risk applications by loan type were those from the U.S. Department of Veterans Affairs (VA), which it called consistent with prior years. in 2024 and by 12% in 2023. in 2024 and 1.9% That shift did not occur this year.

Mortgages 508

Mortgages Sales Loans Lending 508

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

AUGUST 7, 2024

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA). HousingWire ’s Mortgage Rates Center showed that the average 30-year conforming loan rate was 6.77% on Wednesday, down from 7.01% a week earlier.

VA loan 450

VA loan FHA loan Loans Mortgages 450

Housing Wire

DECEMBER 15, 2020

“November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand and new residential construction,” Kan said. The average loan size of new homes increased from $355,684 in October to $357,554 in November, according to the survey.

VA loan 473

VA loan FHA loan Loans Residential 473

Housing Wire

FEBRUARY 25, 2025

home sale price rose 6.3% FHA, VA loan usage is stable Federal Housing Administration (FHA) loans, commonly used by first-time buyers and those with smaller down payments, accounted for 15% of mortgaged home sales in December, down slightly from 15.9% Department of Veterans Affairs (VA) loans made up 6.7%

VA loan 257

VA loan FHA loan Loans Renovation 257

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 420

VA loan Purchase and sale agreement Loans Agents 420

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. The VA didn’t immediately respond to HousingWire’s request for comment.

VA loan 450

VA loan Loans Principal Mortgages 450

Housing Wire

NOVEMBER 16, 2023

We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace — the strongest sales month since May 2023.” Conventional loans made up 63.6% of new-home mortgage applications while VA loans comprised 9.8% of new-home loan applications in October.

Mortgages 458

Mortgages VA loan Loans New Construction 458

Housing Wire

OCTOBER 19, 2021

Based on data from the survey, MBA estimates that there were 66,000 new single-family home sales in September, compared to 71,000 new single-family homes a month prior, a 7% decrease. The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors.

VA loan 410

VA loan FHA loan Mortgages Loans 410

Housing Wire

NOVEMBER 16, 2021

The strong monthly gain puts MBA’s estimate of new home sales at its strongest pace since January 2021, the report said. In September , the average mortgage loan size of new homes clocked in at $408,522, the survey found. Regarding product type, conventional mortgage loans reigned supreme, making up 75.7% of loan applications.

Mortgages 485

Mortgages VA loan FHA loan Construction 485

Housing Wire

JULY 18, 2024

According to Kan, MBA’s estimate of new-home sales showed a monthly decline to a seasonally adjusted annual pace of 626,000 units — the slowest in four months. To compare, MBA estimated that sales of new single-family homes in May reached an annual rate of 702,000. Department of Veterans Affairs (VA) loans accounted for 10.2%

Mortgages 463

Mortgages VA loan FHA loan Loans 463

Housing Wire

NOVEMBER 22, 2023

Total home loan applications increased 3% for the week ending Nov. Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average loan size on a purchase application was $403,600, the lowest since January 2023.

VA loan 466

VA loan FHA loan Mortgages Loans 466

Housing Wire

MARCH 31, 2025

This mirrors the benefits offered to military veterans through VA home loans. He currently works as chief production officer for Florida-based Salute Home Loans , a division of Capital Federal Credit Union. The act would provide affordable mortgage opportunities without requiring a down payment or monthly mortgage insurance.

Loans 357

Loans Mortgages Design VA loan 357

Housing Wire

APRIL 2, 2025

Overall purchase activity has shown year-over-year growth for more than two months as the inventory of existing homes for sale continues to increase, a positive development for the housing market despite the uncertain near-term outlook. For 30-year fixed-rate mortgages with jumbo loan balances, rates decreased to 6.76% from 6.77%.

Fixed-rate mortgage 315

Fixed-rate mortgage Loans Mortgages Development 315

Housing Wire

JUNE 12, 2023

Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes. While rate locks on purchase loans rose from April, they also dipped to their lowest level yet relative to 2018 and 2019 averages as rates rose late in the month,” Andy Walden , vice president of enterprise research at Black Knight, said.

Loans 421

Loans Mortgages Lending As-is 421

Housing Wire

MARCH 5, 2024

Typically, the fees are lower than those for new loans and no appraisal is needed. Department of Veterans Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to The Wall Street Journal. trillion in FHA and VA loans. To begin with, assumptions are limited to FHA, VA and U.S.

VA loan 441

VA loan Mortgages Loans Agents 441

Housing Wire

JULY 20, 2021

New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in June, a decrease of 5% from May’s pace of 741,000. The MBA estimates there were 66,000 new home sales in June, down from 68,000 such sales in May. This has dampened new home sales and quickened home-price growth.”

Marketing 500

Marketing VA loan FHA loan Loans 500

Housing Wire

FEBRUARY 16, 2024

According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 700,000 units in January, the highest pace since October 2023. In January, conventional loans accounted for 64.5% of loan applications for new homes. Federal Housing Administration (FHA) loans accounted for 24.8%

VA loan 431

VA loan FHA loan New Construction Loans 431

Housing Wire

NOVEMBER 8, 2023

3, total home loan applications increased 2.5% Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%.

VA loan 441

VA loan Mortgages FHA loan Loans 441

Housing Wire

FEBRUARY 18, 2022

On an unadjusted basis, the MBA estimates there were 66,000 new home sales in January 2022, an increase from 60,000 new home sales recorded in December. The average loan size for new homes in December was $423,102, the trade group noted. VA loans made up 9.5% of applications and USDA loans made up 0.5%.

VA loan 410

VA loan Loans Sales Mortgages 410

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Despite the 30-year fixed rate averaging over 7% in August, applications for new home purchase loans increased over the month and from a year ago,” said Joel Kan, MBA’s vice president and deputy chief economist.

New Construction 396

New Construction Construction Mortgages VA loan 396

Housing Wire

FEBRUARY 6, 2024

The fees are typically lower than those of new loans and no appraisal is needed. Hampered by numerous hurdles To begin with, assumptions are limited to FHA and VA loans, with rare allowances for U.S. Fannie Mae and Freddie Mac loans, which represent nearly two-thirds of the mortgage market, cannot be assumed.

Mortgages 452

Mortgages VA loan Loans Closing 452