Housing Wire

OCTOBER 9, 2024

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% The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week.

VA loan 431

VA loan Mortgages FHA loan Loans 431

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. About half of Ullmann’s production in 2023 came from VA and FHA loans as well as mortgages that require down payment assistance.

Loans 432

Loans FHA loan Mortgages Loan Officer 432

Housing Wire

SEPTEMBER 27, 2022

In correspondent lending, Wells Fargo funds the loan arranged by outsiders and the bank is concerned that it would have to be responsible for “reputational damage” when it finances large amounts of loans originated by other firms. Bank have also shed an undisclosed number of jobs in their mortgage divisions this year.

FHA loan 384

FHA loan Lending Banks Finance 384

Housing Wire

AUGUST 15, 2022

The depository bank will likely shrink or potentially halt correspondent lending, in which Wells Fargo funds the loan arranged by outsiders, Bloomberg reported , citing unnamed sources. Servicing rights is treated as an asset by banks that generates revenue. billion in volume , according to Inside Mortgage Finance.

Lending 370

Lending FHA loan Banks Finance 370

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

FHA loan 370

FHA loan Renovation Equity Loans 370

The Close

JULY 1, 2025

A home is the largest purchase most people will ever make, and many buyers rely on mortgage financing. However, some will struggle with getting approved for a loan, which is something that could result in the transaction falling through for you as a real estate agent. That’s where FHA loans can save the day for everyone.

FHA loan 40

FHA loan Loans Debt-to-income ratio Purchase and sale agreement 40

Housing Wire

APRIL 17, 2023

has a Housing Finance Policy Center that does a significant amount of research and analysis on the housing market. of FHA’s purchase transactions were provided for minority home loans. To be clear, the FHA remains the primary provider of mortgage financing for minorities in this country.

Marketing 384

Marketing FHA loan Banks Lending 384

Housing Wire

SEPTEMBER 26, 2024

Median payments for both Federal Housing Administration (FHA) loans and conventional loans declined. The cost of owning a home across much of the nation remains a tough go for average workers, exceeding levels preferred by banks and other lenders. between July and August. That’s mainly because of declining interest rates.”

FHA loan 466

FHA loan Mortgages Loans Banks 466

Housing Wire

APRIL 15, 2024

Lombardo cited data from the Federal Reserve Bank of St. Louis that compares the median home price in Nevada at the time Biden took office ($342,995) to the figure as of January 2024 ($460,000), and illustrated increases in monthly payment obligations for Federal Housing Administration (FHA) borrowers. Utilizing a 3.5% A record 1.7

FHA loan 432

FHA loan Land Principal Development 432

Housing Wire

DECEMBER 30, 2020

In October, the Conference of State Bank Supervisors made a controversial move to issue a final rule with proposed prudential standards for nonbank mortgage servicers – standards that, if enacted, have some stakeholders worried. The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship and more.

FHA loan 424

FHA loan Lending Banks Loans 424

Housing Wire

JUNE 8, 2022

In its Wednesday letter to the DOJ, CHLA claimed the small and midsize independent mortgage banks it represents would be “particularly vulnerable” to market concentration — such as the large conglomerate resulting from an ICE/ Black Knight merger — in mortgage services. The planned merger between Intercontinental Exchange Inc.

FHA loan 370

FHA loan Banks Technology Loans 370

Housing Wire

AUGUST 2, 2024

Indeed, one West Coast LO told HousingWire that he quoted a borrower a 5.75% rate on a 30-year FHA loan for a $500,000 Southern California home purchase. “I believe the best way to care for the veteran is a loan with little to no fees. Here’s how LOs are handling the sudden drop in rates.

Mortgages 504

Mortgages FHA loan Loans Loan Officer 504

Housing Wire

JANUARY 31, 2023

When looking for new lenders, the mortgage product mix, compensation, speed to close the loans already in the pipelines and the cultural fit are all factors that go into consideration, LOs that interviewed with HousingWire said. In turn, thousands of loan originators could soon be looking for a new lender to hang their license.

Loans 397

Loans Mortgages Loan Officer Pre-approval 397

Housing Wire

NOVEMBER 30, 2022

” Such a pricing structure arguably creates discriminatory pricing against minorities and underserved borrowers who are more likely to apply for FHA loans, the CHLA said. The trade organization called on Thompson and Gordon to stop the price hikes, which it described as a violation of “basic principles of transparency.”

Mortgages 397

Mortgages FHA loan Loans Closing costs 397

HomeLight

AUGUST 31, 2021

The FHA backing lets lenders offer easier credit terms than non-FHA loans. FHA loans are especially important for first-time buyers. In 2020, only about 10% of all home loans were FHA-backed, according to the agency’s annual report. But more than 80% of those FHA borrowers were first-time homebuyers.

FHA loan 105

FHA loan Loans Debt-to-income ratio Banks 105

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Rochester Real Estate

NOVEMBER 5, 2015

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. Should I Go With A Mortgage Broker Or A Bank? You have no control over who you loan gets sold to.

Finance 52

Finance Mortgages VA loan Pre-approval 52

Housing Wire

JUNE 22, 2023

Planet has acquired a $10 billion mortgage servicing rights (MSR) bulk of Ginnie Mae loans from Village Capital & Investment LLC. The deal with Village consists of 45,000 home loans securitized by Ginnie Mae. billion owned mortgage servicing portfolio, according to Inside Mortgage Finance (IMF) estimates.

Closing 370

Closing Lending Loans Commercial 370

The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. On the other hand, if you’re purchasing a property that needs renovations, consider taking a hard money loan.

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Renovation 105

Marco Santarelli

MARCH 4, 2025

VA Loans: For eligible veterans, VA loans offer great benefits, including no down payment and often lower interest rates. FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. ARMs can be risky.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

The Close

JUNE 9, 2025

Financing hurdles: FHA or VA loans have extra paperwork, income requirements, and reserve rules. You get all the perks of homeownership and a built-in cash flow to help pay down the loan faster. Pro Tip FHA loans allow you to buy up to a 4-unit property with just 3.5% It’s perfect for first-time landlords.

VA loan 73

VA loan FHA loan Renovation Loans 73

The Mortgage Report

JUNE 17, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Find the best first-time home buyer loan for you.

FHA 203k rehab loan 70

FHA 203k rehab loan VA loan FHA loan Loans 70

HomeLight

JUNE 9, 2023

Believe it or not, there are actually home sellers who offer to loan buyers the money to purchase their property: it’s called owner financing. Learn More What is owner financing? The buyer has 20%, or $60,000, to put down on the house, but their mortgage company only approves a loan of $200,000. Selling your house soon?

Finance 98

Finance Earnest money deposit Lending Loans 98

HomeLight

SEPTEMBER 30, 2020

“You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. To ensure they get a good deal, the bank will review things such as the current owner’s payment history, current market state, and also comps.

Short sale 138

Short sale Loans Sales Pre-approval 138

Housing Wire

SEPTEMBER 13, 2023

Tim Mayopoulos , former CEO of Fannie Mae , who was named CEO of Silicon Valley Bank N.A. It allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. in March, is also listed as a senior advisor.

Mortgages 432

Mortgages Loans Banks Investor 432

HomeLight

DECEMBER 19, 2023

But what if there was a way to bypass these rates by taking over an existing home loan? But can you buy someone’s mortgage from the bank? What does it mean to buy someone’s mortgage from the bank? But, as a buyer, you must meet specific credit and income requirements set by the FHA to qualify.

Banks 115

Banks Mortgages VA loan Loans 115

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

Banks 98

Banks Inspection contingency Inspection FHA loan 98

Norada Real Estate

JULY 3, 2025

Understanding Mortgage Rates A mortgage rate is the revolving interest that banks charge for lending money to homebuyers for purchasing real estate. For instance, the current average rate for a 30-Year Fixed FHA Loan is 6.92% , which allows borrowers with lower credit scores or smaller down payments to access financing.

Loans 84

Loans Mortgages VA loan Investor 84

Housing Wire

JULY 14, 2022

It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. That compares to a 58% owner-occupancy rate for more than 121,000 properties that resold on the retail market after reverting back to the lender at foreclosure auction during the same period.

Renovation 370

Renovation MLS Investor Loans 370

Redfin

JUNE 13, 2025

In this Redfin article, we’ll walk you through what’s different as a second-time homebuyer, how to prep your finances, and what strategies ease the transition—whether you’re upgrading in Flagstaff, AZ , downsizing, or just making a change in Fort Worth, TX. Needs strong financial reserves or bridge financing.

Debt-to-income ratio 58

Debt-to-income ratio FHA loan Equity Loans 58

Rent, Buy & Sell

FEBRUARY 7, 2021

In this article, we review 3 alternative financing options for the home buyer that has bad credit. As such, if your credit score is below 500 you should probably work on rebuilding your credit score first, because even with alternative lending options this score may be too low to finance a home. What is a Bad Credit Score?

Loans 98

Loans VA loan FHA loan Hard money loan 98

AAOA

JUNE 9, 2025

They’re usually run by “mom‑and‑pop” owners, so rents sit below market, maintenance is behind, and seller financing is common. Audit Your Finances Spend a weekend gathering bank statements, credit scores, and tax returns. Choose a lane first; everything—underwriting, financing, exit plan—flows from that decision.

FHA loan 40

FHA loan Commercial Finance Residential 40

Housing Wire

JULY 12, 2023

Credit: Black Knight “As May gave way to June, we saw banks lose some of their appetite for jumbo loans. Atlanta (15%), Miami (15%), Riverside-San Bernardino (14%), San Francisco-Oakland (14%) also had a higher rate of refis than the national average.

Marketing 370

Marketing Loans Lending Mortgages 370

Marco Santarelli

JUNE 17, 2025

This rate shows no change from the previous week, indicating a period of stability in the housing finance market. These loans help low-to-moderate-income buyers secure a home with lower down payment requirements. Specific rates were not highlighted this week, but they often parallel FHA loan offerings.

Mortgages 52

Mortgages VA loan FHA loan Loans 52

The Mortgage Report

JUNE 16, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan 52

FHA 203k rehab loan VA loan FHA loan Equity 52

The Close

MAY 28, 2025

620 Conventional loans FHA loans VA loans Jumbo loans Average turn time is 42 days Visit Better Mortgage Conventional: 6.75% FHA: 6.625% VA: 6.5% 620 Conventional fixed-rate loans FHA loans VA loans Jumbo loans Investment property loans Underwriting can take anywhere from a few days to a few weeks Visit U.S.

VA loan 86

VA loan FHA loan Mortgages Pre-approval 86

Redfin

MARCH 4, 2025

From finding houses to tour and what financing options you have, theres a lot to learn about buying a home in foreclosure. Key takeaways A foreclosed home means the buyer can no longer make payments and the bank has taken the house. If the auction accepts financing, make sure you have a pre-approval ready. What is foreclosure?

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35