VA loan refinance scams and how to avoid them

The Mortgage Report

Mortgage scams are real and they often veteran homeowners. Here are the most common VA loan refinance scams and how to avoid them. Homeownership Topics VA Loans VA Refinance con artists scam servicemembers va loans verterans

VA loan rates are the lowest of any mortgage program

The Mortgage Report

VA loan rates are typically the lowest on the market, even below FHA or conventional mortgage rates. Find out if you qualify for a low-rate VA loan. Mortgage Products Mortgage Rates VA Loans VA Refinance

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

What is the VA loan Certificate of Eligibility?

Realty Biz

A VA Loan Certificate of Eligibility is your proof of service, and it shows that you’re qualified to receive your VA loan benefits. You may be eligible for a VA mortgage if you have served or are currently serving in the military.

Report: VA Loans Surge Amidst Pandemic

RISMedia

VA loans are having a record 2020. According to mortgage lender Veterans United Home Loans, the VA loan program backed more than 865,000 loans so far this year. Featured Industry Insights home loan housing market pandemic va loans veterans united

VA loan activity swells during coronavirus pandemic

Inman

Banking & Lending Industry News Markets & Economy Mortgage News Brief ATTOM Data Solutions baby boomers baltimore Chris Birk gen x honolulu loans los angeles millennials mortgage refinancing san diego U.S. Department of Veterans Affairs va

Mortgage applications decrease 4%

Housing Wire

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%

Mortgage applications recover as winter storms pass

Housing Wire

Mortgage applications recovered slightly from last week , increasing 0.5% 26, 2021 according to the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity decreased to 67.5% The FHA share of total mortgage applications increased to 12.1%

Mortgage applications are thinning as summer approaches

Housing Wire

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%

Applications drop, despite falling mortgage rates

Housing Wire

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% The refinance share of mortgage activity increased to 60.6% of total mortgage applications from 60% the previous week.

Mortgage applications jump as rates plummet

Housing Wire

Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.

Mortgage applications rebound following drop in rates

Housing Wire

After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan.

Mortgage applications dip as home prices climb

Housing Wire

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association. He added that mortgage rates have moved higher in tandem with Treasury yields.

Mortgage applications rise 4.6%

Housing Wire

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%

Mortgage applications jump as rates fall to 2.96%

Housing Wire

After weeks of decreases , mortgage applications rose 2.1% for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%.

Refinance wave boosts mortgage applications 3.8%

Housing Wire

With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8% last week according to a report from the Mortgage Bankers Association (MBA). Mortgage rates continue to hover at record lows this fall. The VA share of applications increased to 12.2%

Mortgage applications drop over holidays

Housing Wire

Mortgage applications dropped 4.2% from two weeks prior , according to the latest report by the Mortgage Bankers Association. But mortgage applications dropped during the week ending Jan. The FHA share of total mortgage applications remained unchanged from 10.1%

Mortgage applications fall for fourth week

Housing Wire

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The FHA share of total mortgage applications decreased to 11.3% The VA share of total mortgage applications increased to 10.3%

Mortgage applications increase for second straight week

Housing Wire

Mortgage applications increased for the second straight week , this time jumping 1.2% for the week ending May 14, 2021, according to the latest report from the Mortgage Bankers Association. All loan types hit their highest levels in two weeks.

Mortgage applications decrease as rates move higher

Housing Wire

Mortgage applications decreased 1.9% 15 from one week earlier , per data from the Mortgage Bankers Association’s weekly survey. “The average loan size for purchase loans jumped to $384,000, the second highest level in the survey.”.

New-year optimism reflected in mortgage applications jump

Housing Wire

Mortgage applications jumped 16.7% drop last week , according to the Mortgage Bankers Association. The 30-year fixed mortgage rate climbed two basis points to 2.88%, but the 15-year fixed rate fell to 2.39% — a survey low. The VA share of total applications increased to 15.8%

Mortgage applications continue to fall as rates climb

Housing Wire

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The refinance share of mortgage activity decreased as well, to 62.9% The FHA share of total mortgage applications increased to 11.7%

Mortgage applications drop, but spring buying season looms

Housing Wire

After a slight increase in late February , mortgage applications dipped 1.3% in the week ending March 5, according to the latest report from the Mortgage Bankers Association. The FHA share of total mortgage applications decreased to 11.6%

National Guard troops deployed to fight COVID eligible for VA loans

Inman

The new law is a 'game-changer' for thousands of members who support states' pandemic response, as they will now have access to zero down-payment mortgages. Mortgage Select COVID-19 Department of Veterans Affairs down payment FEMA national guard va veterans united home loans

Rising rates push mortgage applications down for fifth week

Housing Wire

Mortgage applications decreased for the fifth straight week – this time down 5.1%, according to the latest report from the Mortgage Bankers Association. Refinance mortgage applications declined for the fifth straight week.

CFPB continues to bring actions against mortgage companies targeting veterans with deceptive ads

Housing Wire

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs.

Texas storm deflates mortgage application numbers

Housing Wire

Mortgage applications decreased 11.4% from one week earlier , according to data from the Mortgage Bankers Association’s weekly survey for the week ending Feb. ” The refinance share of mortgage activity decreased to 68.5%

The VA home loan: Benefits, requirements, and rates for 2020

The Mortgage Report

VA home loan benefits are unmatched by other mortgage programs. See VA loan requirements, benefits, and interest rates here. Military Corner Mortgage Products VA Loans mortgage rates Refinance U.S. Housing VA Loan

Loans 94

Loans in forbearance gain after 6 weeks of decline

Housing Wire

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.

Loans 403

CFPB settles with seventh company for misleading ads targeting veterans

Housing Wire

The Consumer Financial Protection Bureau issued a consent order against mortgage broker and lender Accelerate Mortgage on Wednesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs.

Mortgage delinquencies shrink in Q2

Housing Wire

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.

UWM to knock 50 bps off VA IRRRL loans

Housing Wire

United Wholesale Mortgage (UWM) announced on Wednesday that it would offer a 50 bps discount on all VA interest rate reduction refinance loans (IRRRL) through Veterans Day on Nov. Called UWM InTouch , the mobile app provides brokers access to their entire pipeline of UWM loans.

Loans 306

MBA Data Indicates Large Declines for Past Due and Seriously Delinquent Loans

Eyes on Housing

According to the Mortgage Bankers Association’s (MBA) fourth quarter National Delinquency Survey (NDS), on a seasonally adjusted basis, the percentage of loans past due decreased from 6.38% in the first quarter to 5.47%.

Loans 132

Mortgage applications decrease 1%

Inman

Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association.

Veterans First Mortgage Review for 2020

The Mortgage Report

Veterans First review showing how Veterans First compares to other lenders for mortgage rates, customer service, and home loan options. Mortgage Lender Reviews VA Loans VA Refinance

How much should my mortgage be compared to my income?

The Mortgage Report

How much should your mortgage be? It's all about how large of a monthly mortgage payment you can comfortably afford. How much should my mortgage be compared to my income? How much should my mortgage be