Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). Department of Veterans Affairs (VA) loans.

VA loan 446

VA loan Principal Residential Loans 446

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. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles. Is it right for the client?”

Mortgages 514

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Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. Thus, even if loans are in forbearance, if the borrower does not make a payment, the loan is counted as delinquent.

Mortgages 501

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Housing Wire

DECEMBER 6, 2024

However, other email tools not specific to real estate agents (like Mailchimp and Flodesk) offer built-in templates that make delivering beautifully designed email newsletters a cinch. Create a responsive newsletter design One of the best ways to make things easy on yourself is to use real estate newsletter templates.

Pre-approval 391

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Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

VA loan 433

VA loan FHA loan Fixed-rate mortgage Banks 433

Housing Wire

NOVEMBER 19, 2021

The cabinet-level federal agency, which backs mortgage loans for veterans, said the move was in response to “unprecedented demand for appraisal services” in some markets. The VA designated markets as high-demand based on increased demand for appraisal services and a shortage of appraisers.

Marketing 482

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Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

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Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. It also represents yet another sweetener designed to convince brokers to choose them over rival United Wholesale Mortgage.

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Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans.

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Marco Santarelli

MARCH 4, 2025

Today's mortgage rates on March 4, 2025, show a slight decrease, particularly in the 30-year fixed mortgage rate, which sits at an average of 6.26%. However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. mortgage rates.

Mortgages 119

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Housing Wire

MARCH 28, 2024

Approximately 91% of the company’s volume last year consisted of purchase loans, with refis accounting for 5% and the remaining share coming from home equity lines of credit (HELOCs). Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product.

Loan Officer 456

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Marco Santarelli

MARCH 27, 2025

If you've been eyeing the housing market, there's a bit of good news: mortgage rates have dipped to a 2-week low. According to Freddie Mac, the average rate on a 30-year fixed home loan fell to 6.65% for the week ending March 27, 2025. Several factors play into the fluctuating nature of mortgage rates.

Mortgages 113

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HomeLight

SEPTEMBER 20, 2024

If you’re on active duty, a military veteran, or the surviving spouse of someone who has served in the military, buying a home could be more affordable than you realize, thanks to the home loan offered by the Department of Veterans Affairs (VA). VA loan basics: How common are these types of mortgages?

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BAM Media

NOVEMBER 11, 2024

® released a report showcasing the benefits that VA loans offer to military families. of homes purchased with VA loans involved down payments of less than 10%, and 74.5% purchased with 0% down—a standout feature of VA loans. average for conforming loans. .” average for conforming loans.

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Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. However, the trade-off is higher monthly payments and more interest paid over the life of the loan. What mortgages allow you to roll in closing costs?

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Housing Wire

JULY 29, 2024

At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. Designed as a co-bot, Loan Buddy would direct questions to a human on the loan team if it had low confidence in its answer. Utilizes a lenders’ existing workflow to make it easier to access DPA.

Loans 356

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Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. They do this to reduce their risk and to free up their capital to process more loans. Fixed-rate mortgages provide stability and predictability.

Closing 370

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Marco Santarelli

JANUARY 25, 2025

Are you feeling the pinch of your current mortgage payments? As of January 25, 2025, mortgage refinance rates are showing some interesting trends that could potentially benefit you. Mortgage Refinance Rates January 25, 2025: Is Now The Right Time To Refinance? lower than conventional 15-year loans! Well, youre not alone!

Mortgages 69

Mortgages VA loan Fixed-rate mortgage Equity 69

Marco Santarelli

DECEMBER 28, 2024

Understanding today's mortgage rates can be quite overwhelming, especially with all the fluctuations in the market. As of December 28, 2024, mortgage rates are showing a blend of stability and slight increases, which could impact potential buyers and homeowners looking to refinance. This makes budgeting easier for homeowners.

VA loan 52

VA loan Mortgages Fixed-rate mortgage Loans 52

Housing Wire

NOVEMBER 29, 2022

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. ” Raise the (conforming loan) roof. .”

Loans 281

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Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. million and Guild Mortgage in October 2020 for $24.9

Loans 397

Loans Mortgages Land Development 397

Marco Santarelli

DECEMBER 31, 2024

As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages. 30-Year VA 6.08% -0.04 15-Year VA 5.63% -0.07 5/1 VA 6.27% -0.03 30-Year VA 6.11% -0.03

Mortgages 52

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Marco Santarelli

DECEMBER 21, 2024

Here's the deal with today's mortgage rates. It's December 21st, 2024, and if you're thinking about buying a house, you should know that mortgage rates are hanging around 6.70% on average. Basically, if you're looking to buy a house or want to refinance your current mortgage, it's super important to keep an eye on these rates.

Mortgages 52

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Marco Santarelli

DECEMBER 24, 2024

As of today, December 24, 2024, mortgage rates are stabilizing in the high 6% range, making it essential for buyers and homeowners to grasp the current market conditions. Understanding how today's mortgage rates rise or fall can help you make better financial decisions regarding your home financing options. How Are Rates Determined?

Mortgages 52

Mortgages VA loan Loans Finance 52

Housing Wire

APRIL 5, 2023

Department of Agriculture (USDA), for example, is transforming the mortgage process by moving into the realm of the platform as a service, Dean Daetwyler , director of the systems implementation and management division of the single-family housing guaranteed loan division at the USDA, said. For the U.S.

Technology 384

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Marco Santarelli

DECEMBER 22, 2024

Mortgage rates are a critical consideration for anyone looking to borrow money for a home. As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Recommended Read: Mortgage Rates Trends December 21, 2024 Update What's Influencing Today's Mortgage Rates?

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Debt-to-income ratio 52

Housing Wire

JANUARY 26, 2024

Department of Veteran Affairs (VA) loans. Our current mortgage finance system does not allow commissions to be plopped on top,” Lamacchia said. Your system of getting competitors together to found and enforce rules that are designed to stabilize prices is wrong,” he said. “It It is against the law.

MLS 468

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Lab Coat Agents

MAY 21, 2024

In today’s rapidly evolving real estate market, assumable mortgages have emerged as a game-changer for homebuyers seeking to save money and secure favorable financing terms. As interest rates continue to rise, the ability to assume a seller’s existing mortgage at a lower rate has become increasingly attractive.

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HomeLight

DECEMBER 8, 2023

In today’s real estate market, with high mortgage interest rates and hesitant buyers, you might be pondering, “Is my mortgage assumable?” Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan.

VA loan 116

VA loan FHA loan Mortgages Loans 116

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. Understanding mortgage refinance rates is not just a matter of numbers; it is about aligning your financial goals with the best available options.

Mortgages 52

Mortgages Fixed-rate mortgage Equity Loans 52

Marco Santarelli

MARCH 11, 2025

As of today, March 11, 2025, mortgage rates are showing signs of fluctuation, with the 30-year fixed interest rate increasing slightly to 6.34% , while the 15-year fixed rate has decreased to 5.62%. In the current economic climate, understanding mortgage rates is essential for any potential homebuyer or homeowner considering refinancing.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages VA loan FHA loan 52

Point2Homes

AUGUST 26, 2021

When buying a home , the vast majority of people need to take out a mortgage. In this guide, we’ll take a quick look at the different types of mortgage loans available. Conventional Loans. A conventional loan is any mortgage loan that is not guaranteed or insured by a government entity.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

Marco Santarelli

FEBRUARY 16, 2025

As of February 16, 2025 , the mortgage rates have held steady, with the average 30-year fixed rate currently at 6.53% and the 15-year fixed rate at 5.87%. VA and FHA Loans : Competitive rates with a 30-year VA at 5.98% and FHA rates starting at 5.75%. Conversely, when yields decline, mortgage rates often drop as well.

FHA loan 52

FHA loan Mortgages Principal VA loan 52

Marco Santarelli

MAY 27, 2024

Soaring mortgage rates in 2024? Let's face it, today's mortgage rates can sting. If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. There's a little-known weapon in your arsenal: the assumable mortgage.

Debt-to-income ratio 96

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

Realty Biz

MAY 28, 2022

There is no point in applying for a mortgage in Brazil if you plan to live in the United States. You need to know your different mortgage options and which one is the best for you and your situation. Conventional Home Loan- This is the primary type of loan that most of you will already be familiar with.

Mortgages 94

Mortgages VA loan Fixed-rate mortgage Bankruptcy 94

Lab Coat Agents

NOVEMBER 20, 2024

As a homebuyer, finding the right mortgage can significantly impact your overall financial health. Among the various financing options available, an assumable mortgage offers a unique solution that could lead to substantial savings. What Is An Assumable Mortgage ? How Do I Qualify for An Assumable Mortgage?

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Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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