Housing Wire

OCTOBER 9, 2024

MBA data showed that government lending continues to represent a steady share of the mortgage market. 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% For the week ending Oct. of applications.

VA loan 458

VA loan Mortgages FHA loan Loans 458

Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process. Can you connect those dots for me? Ed Gerding: Sure.

VA loan 447

VA loan Lending Banks Investor 447

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 83

VA loan Loans HR Due diligence 83

Housing Wire

OCTOBER 27, 2020

Mortgage lending has gotten stricter during the COVID-19 pandemic. Bank raised its FICO score requirements to 680 on FHA, VA and USDA loans. Both VA and USDA loans require zero down payment. Both VA and USDA loans require zero down payment. Meanwhile, U.S.

VA loan 418

VA loan FHA loan Loans Banks 418

Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? Mortgage credit can get tight for jumbo loans, non-QM loans and home equity lines, but general conforming Freddie Mac and Fannie Mae loans, FHA , and VA loans should be steady during the next recession.

Loans 539

Loans VA loan Banks Mortgages 539

Housing Wire

JANUARY 26, 2022

Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans. Building the next generation of tech: Three ways to digitize home lending. Refinancing is also not an option.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

Housing Wire

MAY 5, 2022

The MBA found that purchase applications increased for conventional, FHA, and VA loans — all up 4% this week from the previous week. The central bank raised the interest rat e by a half percentage point on Wednesday to reduce the $9 trillion asset portfolio that ballooned since the pandemic. Presented by: Polly.

Mortgages 370

Mortgages VA loan Fixed-rate mortgage Banks 370

Housing Wire

MAY 3, 2023

“The jumbo-conforming spread continues to narrow, an indication that there is reduced lender appetite for jumbo loans following the recent turmoil in the banking sector and heightened concerns about liquidity. The spread was 13 basis points last week, after being as wide as 64 basis points in November 2022,” Kan said.

Mortgages 418

Mortgages Fixed-rate mortgage Banks Lending 418

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. “I hope this is not the case, but I advised my clients that this is the reason why I locked three loans today.”

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514

Housing Wire

AUGUST 7, 2023

While banks also have the capacity to make loans and hold them on their balance sheets, the majority sell most or all of their loans to secondary providers. They do this to reduce their risk and to free up their capital to process more loans. How to safely qualify more minority borrowers The U.S.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Inman

FEBRUARY 15, 2024

Borrowers can use the company's Tinman platform to see their rates and get pre-approved in minutes, and may qualify to buy with no down payment.

VA loan 190

VA loan Pre-approval Loans Mortgages 190

Housing Wire

OCTOBER 24, 2022

And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by nonbanks. Over the first nine months of this year, banks have far outstripped nonbanks in buying up MSR packages. Banks have been net purchasers of MSRs, to the tune of $107.8 billion — compared with $51.1 The weak link?

Principal 334

Principal Banks Loans Mortgages 334

Housing Wire

NOVEMBER 29, 2022

Homepoint will begin lending at the FHFA 2023 loan limits for conventional products starting Wednesday, November 30. Pennymac said the new FHFA conforming loan limits for its borrowers increased immediately following the announcement. And this (the new loan limit) isn’t going to change that.

Loans 284

Loans VA loan Lending Mortgages 284

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of a shrinking origination pipeline, as refinance opportunities remain scarce. Indeed, we saw the purchase lending share of June’s locks hit another all-time high. Credit: Black Knight “As May gave way to June, we saw banks lose some of their appetite for jumbo loans.

Marketing 370

Marketing Loans Lending Mortgages 370

Calculated Risk Real Estate

MARCH 14, 2025

This entire housing cycle I’ve argued that we would NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and 2) most homeowners have substantial equity in their homes.

Equity 98

Equity Real-estate owned VA loan Residential 98

Rent, Buy & Sell

FEBRUARY 7, 2021

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. Though it’s called an FHA loan, the FHA (Federal Housing Association) doesn’t actually fund the loan.

Loans 98

Loans VA loan FHA loan Hard money loan 98

Marco Santarelli

MARCH 20, 2025

VA Loans – A Benefit for Veterans: Backed by the Department of Veterans Affairs, VA loans offer significant advantages to eligible veterans, active-duty service members, and surviving spouses. These loans often come with no down payment requirements and competitive interest rates.

Mortgages 52

Mortgages Debt-to-income ratio Principal VA loan 52

Calculated Risk Real Estate

FEBRUARY 6, 2024

• Foreclosure starts decreased -17.9% in December to 24K, equal to 5.2% • Foreclosure starts decreased -17.9% in December to 24K, equal to 5.2% • Foreclosure starts decreased -17.9% in December to 24K, equal to 5.2%

Mortgages 122

Mortgages Marketing Lending VA loan 122

Marco Santarelli

OCTOBER 6, 2023

The motivation behind this article is to educate you on the different kinds of loans you get for an investment property. Different Types of Loans You Can Get for an Investment Property 1. Conventional Loans Conventional lending is the most popular source for mortgage lending in today’s 1 to 4 unit properties.

Loans 98

Loans Hard money loan Lending Investor 98

Realty Biz

AUGUST 16, 2022

Banks may take action against defaulters now, so normal foreclosure activity should resume soon. Areas with a small pool of buyers will see the greatest increase in foreclosures, especially where homeowners have FHA and VA loans. More Stringent Lending Requirements. Mortgage Defaults Will Increase.

Marketing 111

Marketing VA loan Lending Investor 111

Point2Homes

JULY 5, 2021

Let’s take a closer look at the main types of mortgage loans available to homebuyers and their credit score requirements for each one. Conventional Loans. A conventional loan is any mortgage loan that’s not backed by a government entity. The minimum credit score required for a conventional loan is typically 620.

FHA loan 103

FHA loan Mortgages Debt-to-income ratio VA loan 103

HomeLight

AUGUST 31, 2021

It’s a DIY world, and she secured her loan ( with an equally awesome rate ) by going direct through her bank. A mortgage broker is a liaison that helps coordinate a loan between a lending institution and a prospective borrower. A note about lenders, brokers, and no-closing-cost loans. Decisions, decisions.

Mortgages 97

Mortgages Closing costs Loans Banks 97

HomeLight

MARCH 9, 2023

These loans do not have a down payment requirement, but applicants must meet the following criteria: Less than 115% median household income for the area Live in the house as the primary resident Be a U.S. VA guarantees a portion of the loan, and lenders provide more favorable terms. Bank invested in a program called the U.S.

Loans 96

Loans Debt-to-income ratio VA loan FHA loan 96

HomeLight

OCTOBER 15, 2020

But that same lender can’t issue a conforming loan to a buyer with a 540 credit score, as that’s lower than the minimum Fannie and Freddie requirement. When the economy is shaky or lending becomes riskier, lenders can tighten their requirements , and it can be harder to get a conforming loan.

Loans 98

Loans FHA loan Debt-to-income ratio VA loan 98

RIS Media

DECEMBER 1, 2020

The Urban Institute cites higher student loan debt and lower FICO scores as two key factors, and NAREB’s 2020 State of Housing in Black America report points to uneven mortgage lending practices as a significant barrier. – In 2019, 10 lenders were responsible for originating 24 percent of mortgage loans to Black borrowers.

VA loan 105

VA loan Loans Lending Mortgages 105

Marco Santarelli

MARCH 17, 2025

And risk, in the lending world, translates directly into interest rates. FHA loans , insured by the Federal Housing Administration, are often easier to qualify for than conventional loans, especially if you have a lower credit score or a smaller down payment. There are loan programs out there with lower down payment options.

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Loans 52

HomeLight

MAY 26, 2021

There are also some zero-down programs that exist, plus other creative ways you can buy a house without having a lot of money in the bank. Then a Veterans Affairs loan is probably going to be your best bet. The VA either guarantees the loan or lends directly so that you don’t have to put anything down on a house.

Debt-to-income ratio 111

Debt-to-income ratio Closing costs VA loan Loans 111

HomeLight

AUGUST 27, 2020

With so many instances of foreclosures and mortgage defaults, there weren’t very many homebuyers in the market, and lending standards were tight. The Federal Housing Administration (FHA) supports a home loan program that helps buyers who aren’t qualified for a conventional home loan.

VA loan 75

VA loan FHA loan Loans Closing costs 75

Redfin

MARCH 4, 2025

Key takeaways A foreclosed home means the buyer can no longer make payments and the bank has taken the house. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. The bank or lender typically wont sell a home directly to you, the buyer.

Pre-approval 34

Pre-approval FHA loan Short sale Banks 34

Realty Biz

MAY 25, 2023

percent, an increase of 7 basis points, and both FHA and VA loans were up as well at 6.13 Each subsequent base rate increase drove mortgage rates to new highs , making lending increasingly expensive for borrowers as a result. Meanwhile, 15-year fixes also hit a 52-week high at 6.48 percent and 6.41 percent respectively.

Mortgages 72

Mortgages VA loan Lending Banks 72

Realty Biz

FEBRUARY 7, 2023

We will discuss how to search for a lending institution you will love. Some people will search for mortgage lenders near me if they want their bank to be nearby. Each of these types of loans has its pros and cons. For example, a VA loan is excellent because it is a no-down payment option.

Pre-approval 77

Pre-approval Mortgages Pre-qualification VA loan 77

Redfin

NOVEMBER 18, 2020

In short, a mortgage is a loan from a lending institution to cover a home’s purchase. The bank or lending institution holds the note for the house as collateral for the loan. Interest : The loan’s interest is what you pay the bank or lender in exchange for providing and servicing the loan.

Mortgages 71

Mortgages Principal Fixed-rate mortgage Loans 71

Realty Biz

DECEMBER 12, 2022

A mortgage is a loan that you take out from a bank or other financial institution to buy, build or substantially improve on a property. There are many different types of mortgages , including conventional, FHA, VA, and USDA loans. When you have a higher credit score, you'll be rewarded when getting a home loan.

Debt-to-income ratio 87

Debt-to-income ratio Mortgages Pre-approval Pre-qualification 87

HomeLight

JANUARY 12, 2022

Broken down by type of loan, you can expect the following: . Conventional loan. Large, risk-averse lenders such as Chase Bank and Bank of America will require significantly more time before they issue a final ‘ clear to close ,’” he explained. A preapproval helps to qualify a buyer, but it still isn’t a guarantee to lend.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116

Realty Biz

JULY 23, 2023

Recent changes and technological advancements are shaping the lending landscape. Providing documentation such as bank statements, profit and loss statements, and invoices can help demonstrate a steady income stream. Understanding the available options can help navigate the loan process successfully.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

Norada Real Estate

JUNE 22, 2022

You don't need to pay a bank attorney for the mortgage. Financing turnkey rental properties with cash means you don't need to put real estate taxes in escrow upfront nor pay for a mortgage application and loan origination fees. These loans tend to allow a lower down payment and credit score when compared to conventional loans.

Finance 96

Finance FHA loan Investor Loans 96

HomeLight

JULY 31, 2020

In addition to making sure you meet all the lending requirements, getting your credit in order, and figuring out how much house you can afford , you’ll also need to save money for your down payment. Conventional loans were more likely to have a 20% down payment, and VA loans averaged just 2% down.

Debt-to-income ratio 96

Debt-to-income ratio Loans Equity VA loan 96