Housing Wire

MARCH 27, 2024

But the VA’s current policies place veterans at a “significant disadvantage” compared to other buyers, NAR President Kevin Sears said in a letter submitted Wednesday to John Bell, executive director of VA’s Loan Guaranty Service. The VA didn’t immediately respond to HousingWire’s request for comment.

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VA loan Loans Principal Mortgages 476

Housing Wire

JULY 26, 2024

Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae.

VA loan 476

VA loan Loans Mortgages Banks 476

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. Following an announcement that the U.S.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

JUNE 17, 2021

Lack of inventory and sweltering home prices have become a market norm for much of the industry, and May’s loan size data reported the trend has yet to abate. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ?the the fourth consecutive month of rising loan sizes and a new survey high.

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 448

Loan Officer Mortgages VA loan Lending 448

Housing Wire

MAY 19, 2022

Department of Housing and Urban Development. The average loan size rose to a new survey high of $436,576. Over half of the applications were for loan amounts greater than $400,000, the MBA said. Conventional loans accounted for 76.7% of loan applications. Conventional loans accounted for 76.7%

VA loan 459

VA loan FHA loan Construction Loans 459

Housing Wire

FEBRUARY 18, 2022

He also noted that purchase activity for new homes continues to be concentrated in the higher end of the market and that sales prices are continuing to grow with the average loan size coming in at $427,000 in January, another record. The average loan size for new homes in December was $423,102, the trade group noted.

VA loan 435

VA loan Loans Sales Mortgages 435

Housing Wire

JUNE 30, 2023

According to the company’s statement, “The relevant loans, some dating back 15 years, make up less than a half percent of our total federal loans originated during this time frame. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

Loans 397

Loans Mortgages Land Development 397

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 448

Mortgages VA loan Principal Loans 448

Housing Wire

MARCH 25, 2024

Department of Veteran Affairs (VA) to expedite regulatory change that would allow veterans and active-duty service members to fund buyer’s broker commissions when purchasing a home with a VA mortgage. as proper local variances, under current VA regulations.“ “We

Agents 468

Agents VA loan Loans Mortgages 468

Housing Wire

JUNE 25, 2024

Ginnie Mae plays a critical role in guaranteeing securities backed by Federal Housing Administration (FHA) loans, as well as Rural Housing Service (RHS) and Veterans Affairs (VA) single family loans,” the letter stated. The FY 2025 budget request from the administration projects that Ginnie Mae will generate approximately $1.4

Mortgages 393

Mortgages VA loan FHA loan Loans 393

Housing Wire

NOVEMBER 18, 2020

Although mortgage rates are low, survey data indicated that Texas mortgagees may be at a higher risk of foreclosure due to higher proportions of FHA and VA loans. The report said that although lot development slowed in Q3, single-family permits and construction values “ trended upward.”. According to the U.S.

VA loan 435

VA loan Construction Mortgages Development 435

Housing Wire

OCTOBER 19, 2022

Large IMBs with portfolio holdings or a non-qualified mortgage (non-QM) loan focus have more risk than smaller IMBs, concluded the CHLA’s latest report, which was issued Wednesday. IMBs’ highest priority is to reduce and align expenses with shrinking loan volume and reduced profit margins.

VA loan 435

VA loan FHA loan Fixed-rate mortgage Banks 435

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. Currently, all VA appraisals must be performed in-house. VA home loans have given millions of veterans and their families the opportunity to purchase a home.

VA loan 418

VA loan Loans Lending Finance 418

Real Trends

DECEMBER 14, 2022

In the housing industry, agents need to develop their own muscle memory reaction to changing circumstances, new obstacles and shifting markets in order to stay in the fight. Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. Vetted VA seeks to change that narrative.

VA loan 107

VA loan Loans Lending Loan Officer 107

Housing Wire

AUGUST 22, 2022

By product type, conventional loans composed 70.7% of loan applications, FHA loans composed 17.7%, RHS/USDA loans composed 0.2% and VA loans composed 11.4%. The average loan size of new homes decreased from $423,221 in June to $416,029 in July. Department of Housing and Urban Development.

VA loan 370

VA loan FHA loan New Construction Loans 370

Housing Wire

MARCH 21, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. However, RESPA applies to a construction-to-permanent loan inside one bundle.

Agents 370

Agents VA loan Land Construction 370

Housing Wire

JULY 22, 2024

Quality control also ensures that mortgage loans meet investor and regulatory standards, which minimize the risk of defaults and foreclosures adversely impacting local markets. This process helps to ensure the accuracy of property values, hedging the risk of blight and preserving community stability and aesthetics.

Lending 447

Lending VA loan Banks Investor 447

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. The lender posted production of $3 billion across 8,569 loans in full year 2023.

Loan Officer 459

Loan Officer VA loan Loans Technology 459

Housing Wire

FEBRUARY 7, 2023

It essentially 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. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

FHA loan 397

FHA loan Mortgages Loan Officer VA loan 397

Housing Wire

SEPTEMBER 11, 2024

Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% It is a positive development that there are homeowners who can benefit from a refinance as rates continue to move lower,” Kan said. The average rate for jumbo loans (balances above $766,550) fell 17 bps to 6.56%.

Loans 476

Loans Mortgages Residential Development 476

Housing Wire

MARCH 29, 2022

Chasing down missing pages can require several days of back-and-forth correspondence between processors and borrowers, extending loan cycle times and frustrating borrowers. Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), U.S.

Lending 370

Lending Earnest money deposit VA loan Loans 370

Housing Wire

SEPTEMBER 16, 2021

It is important to note that in MBA’s NDS, loans are marked as delinquent if payments are not made in accordance with the terms of the mortgage. Thus, even if loans are in forbearance, if the borrower does not make a payment, the loan is counted as delinquent. Source: MBA’s National Delinquency Survey. This represents about 1.5

Mortgages 501

Mortgages Loans VA loan Investor 501

Housing Wire

APRIL 4, 2022

Text sign showing hand written words FHA Home loan. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

FHA loan 370

FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

Housing Wire

APRIL 11, 2024

Department of Veterans Affairs (VA) loans. Dwiggins, Robinson and Sears also discussed how changes to cooperative compensation may impact homebuyers using Federal Housing Administration (FHA) and U.S.

VA loan 459

VA loan As-is Loans Development 459

Housing Wire

DECEMBER 6, 2024

We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. So, where do you start? In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. Lets dive in! Summary What is a real estate newsletter?

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Pre-approval Design Industrial Agents 397

Housing Wire

JULY 12, 2022

The perception of VA loans as risky and logistically complicated — even if an outdated view — continues to impact the competitiveness of the borrowers it serves. But the VA is hoping to change that. How is the VA addressing this? Is this a positive development for the VA? How will this benefit borrowers?

VA loan 370

VA loan Loans Industrial As-is 370

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. 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.

Closing 370

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

Point2Homes

MAY 21, 2021

Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. For example, affording a large down payment is a challenge for many first-time buyers, but FHA loans allow you to initiate a mortgage with only 3.5% USDA Loans. USDA Loans. Good Neighbor Next Door.

Loans 144

Loans VA loan FHA loan Renovation 144

Housing Wire

JANUARY 9, 2025

Develop an avatar of your ideal client and create content just for them. “For example, if you want military buyers, you want VA home loan buyers, make content specifically for them. A video with a million views wont help your bottom line if it doesnt drive leads. Chris advice?

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Closing VA loan Agents Loans 370

Housing Wire

OCTOBER 24, 2022

The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Prestwick is marketing four separate deals, two in partnership with MCT, valued in total at $2 billion — which together also feature MSRs for single-family residential loan pools from all three agencies.

Principal 334

Principal Banks Loans Mortgages 334

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%.

Loans 131

Loans FHA loan VA loan Renovation 131

Lab Coat Agents

MAY 21, 2024

Understanding Assumable Mortgages Before diving into the recent changes in approval timelines, let’s first establish a clear understanding of what an assumable mortgage is and how it differs from traditional home loans. How Do Assumable Mortgages Differ from Traditional Home Loans? What is an Assumable Mortgage?

VA loan 98

VA loan Mortgages Loans FHA loan 98

Realty Biz

DECEMBER 6, 2022

Freddie Mac’s November prediction for average home loan interest rates going into 2023 is 6.4%. Let’s look at what types of loans people should be considering. A variety of down payment assistance loans are available. Here is what to ask about: Low-interest loans. Deferred-payment loans. Forgivable loans.

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Loans Closing costs VA loan Mortgages 107

Marco Santarelli

DECEMBER 21, 2024

This increased competition often drives prices up and can indirectly influence mortgage rates as lenders adjust to the heightened risk associated with higher-priced loans. The benefits include lower monthly payments compared to shorter loan terms. Cons : Higher total interest paid over the life of the loan.

Mortgages 52

Mortgages VA loan Loans FHA loan 52

Realty Biz

DECEMBER 24, 2020

15, which means the total now stands at 2.787 million loans. The number of FHA and VA loans increased by 18,000 to 1.139 million, or around 9.4% of Fannie Mae and Freddie Mac-backed loans have entered forbearance. Around 37,000 mortgages were added to forbearance programs in the week ending Dec. That’s about 5.3%

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VA loan Loans Finance Mortgages 110

AAOA

JANUARY 27, 2025

Analyze the neighborhoods growth potential, property valuations, rental demand, crime rate and school district ratings as well as future development plans. Your rental income, operating costs and the amount of your mortgage loan are factors that influence your ROI. These factors can affect a propertys value and its appeal to tenants.

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Property Management Due diligence Finance VA loan 80