Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As trillion — a 13% decline — over the past two quarters.

Mortgages 448

Mortgages Equity VA loan FHA loan 448

Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. USDA loans. Though USDA loans are technically reserved for homes in “rural” areas, you’d be surprised at how much of America actually qualifies for these mortgages. How much house can you afford to buy?

Mortgages 459

Mortgages VA loan Loans Loan Officer 459

Housing Wire

FEBRUARY 6, 2024

The fees are typically lower than those of new loans and no appraisal is needed. Hampered by numerous hurdles To begin with, assumptions are limited to FHA and VA loans, with rare allowances for U.S. Fannie Mae and Freddie Mac loans, which represent nearly two-thirds of the mortgage market, cannot be assumed.

Mortgages 482

Mortgages VA loan Loans Closing 482

Housing Wire

AUGUST 15, 2024

On an annualized basis, late-payment rates increased 35 bps for conventional loans, 165 bps for Federal Housing Administration (FHA) loans and 93 bps for U.S. Department of Veterans Affairs (VA) loans. These shifts may highlight growing pressures in certain areas.

Mortgages 475

Mortgages VA loan FHA loan Staging 475

Housing Wire

MAY 26, 2021

The percentage of purchase mortgages increased to 43% of total closed loans. The average interest rate for all loans was 3.22% in April, the report found — up from 2.99% in March. The average interest rate for all loans was 3.22% in April, the report found — up from 2.99% in March.

Closing 476

Closing Mortgages VA loan FHA loan 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.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

SEPTEMBER 9, 2024

The brand includes Home Equity Conversion Mortgage ( HECM ) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. Department of Veterans Affairs (VA) loans is a key element of the strategy in bringing them aboard as customers.

Mortgages 448

Mortgages VA loan Branding Loans 448

Housing Wire

MARCH 29, 2024

The majority of consumer complaints in the mortgage arena (13,100, or 58%) were focused on conventional home loans, followed by Federal Housing Administration (FHA) loans (19%), U.S. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%).

Mortgages 457

Mortgages VA loan FHA loan Lending 457

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

DECEMBER 16, 2022

Potential buyers who may have had an FHA or VA loan were left behind as about one-quarter of the market was paying all cash for homes. Homeowners have gained housing equity in their homes consistently as home prices have risen. The typical owner who has owned their home a decade has $210,000 in housing equity.

VA loan 497

VA loan Staging Equity Mortgages 497

Housing Wire

AUGUST 28, 2024

And buyers also had more equity from their home sales, which gives them more cushion. Down payment percentages were lowest in Virginia Beach, Florida (3%)—an area with a higher concentration of veterans using VA loans with little to no down payment—followed by Detroit (6.8%), and Jacksonville, Florida (8.6%).

VA loan 493

VA loan Equity Mortgages Sales 493

Housing Wire

SEPTEMBER 21, 2020

Millions of homeowners still have a sizeable incentive to refinance, given the difference between the rate on their current loan and available market rates. That is why homeowners, in the aggregate, have gained more than $10 trillion in home equity over the past decade. Even prior to the imposition of this fee, now effective on Dec.

FHA loan 542

FHA loan Loans VA loan Mortgages 542

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 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio 435

Debt-to-income ratio Mortgages VA loan Loans 435

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

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.

VA loan 52

VA loan Loans Agents Industrial 52

Housing Wire

MARCH 30, 2023

It means certain mortgage products might not be offered, FICO score requirements might be raised, and it can mean pricing for certain loans goes up to account for the risk. has no more exotic loan debt structures, we don’t have large-scale risk tied to homeowners and banks. What does tighter credit mean for housing?

Loans 539

Loans VA loan Banks Mortgages 539

Housing Wire

OCTOBER 21, 2022

If local lenders are able to leverage strategic partnerships to bring new loan offerings to market, they’ll be ideally positioned to serve a wider range of borrower needs and create lasting change in American homeownership. Industry trade groups cheered the decision to delay the rule’s implementation. Presented by: Maxwell. As of Sept.

VA loan 370

VA loan FHA loan Loans Banks 370

Housing Wire

AUGUST 26, 2022

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market. Equity can be used for any number of purposes, including home improvements. Lee Smith: Definitely. Non-QM products are more expansive.

Mortgages 370

Mortgages VA loan Loans Technology 370

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. 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.

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514

Housing Wire

MAY 15, 2023

The data, published on Monday, shows that older vintage mortgages (loans originated before 2010) accounted for under 9% of the total refinanced during the Covid-19 refi boom. Nine million borrowers refinanced their loans without equity extraction, with an aggregate decrease of $24 billion annually. ”

Equity 397

Equity Loans Mortgages Banks 397

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. For existing homeowners, that’s good news because it means equity accumulation. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

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. Nationwide, borrower equity increased by $281.9

Equity 98

Equity Real-estate owned VA loan Residential 98

Housing Wire

DECEMBER 30, 2020

billion a day of securities containing home loans packaged by Fannie Mae, Freddie Mac and Ginnie Mae. Concerns over a housing meltdown had mostly allayed, and lenders were making a killing on vanilla 30-year purchase loans and refinancings. Rocket Companies revealed this month a $3.5 during the next two years.

Mortgages 545

Mortgages Loans VA loan Investor 545

Housing Wire

DECEMBER 3, 2020

I work with first-time buyers throughout the county, and the majority of my clients are military and using their VA loans, so they don’t have a lot of liquidity,” said Alanna Strei, a California-based Realtor who said she has a “backlog” of first-time buyers looking to get into a home.

VA loan 433

VA loan Principal Equity Residential 433

Housing Wire

OCTOBER 9, 2020

In the week prior, portfolio-held and private labeled security loans were largely responsible for the slight increase, with forbearance share gaining to 7.3% for a total of 28,000 new loans in forbearance. from 11.2% of active forbearances. A recent delinquency report from Black Knight revealed that of 2.4

Loans 353

Loans Principal Equity Mortgages 353

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

Housing Wire

SEPTEMBER 12, 2023

Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM. The fate of the specialist when the market shifts The independent mortgage banks most of us think of when someone mentions IMBs originated as a result of the Savings and Loan Crisis of the 1980s.

Banks 418

Banks Mortgages Loans Investor 418

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

Marco Santarelli

JANUARY 25, 2025

For those of us already owning homes, this means you probably have some decent equity built up that you might be able to tap into or use to lower your monthly payments by refinancing. VA Loan Advantages: If youre a veteran or on active duty, you should definitely pay attention to this. lower than conventional 15-year loans!

Mortgages 69

Mortgages VA loan Fixed-rate mortgage Equity 69

HomeLight

DECEMBER 28, 2023

In this post, we will walk you through everything you need to know about transferring or “assuming” a home loan. Taking over mortgage payments might initially seem like simply stepping in to pay someone else’s monthly loan bills. What types of loans are assumable? Most conventional loans are not assumable.

Loans 119

Loans Purchase and sale agreement VA loan Mortgages 119

HomeLight

JANUARY 10, 2024

Central to this is the concept of building home equity, which can significantly improve your financial future. Whether you’re a first-time buyer, a seasoned homeowner, or simply curious about the financial perks of owning a home, understanding equity is key. Get Estimate What is home equity? How does home equity work?

Equity 111

Equity VA loan Loans Mortgages 111

Windemere Buying

NOVEMBER 11, 2020

VA loans provide a path toward homeownership for active service and veteran personnel and their families. The following serves as a guide to understanding what they are, who they are available to, and what types of loans are available to them. What Are VA Loans? How Do VA Loans work?

VA loan 52

VA loan Loans Purchase and sale agreement Closing costs 52

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 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? This can provide significant savings compared to taking out a new loan at prevailing market rates.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Realty Biz

APRIL 5, 2022

However, FHA and VA loans are the only two mortgage loan programs that allow borrowers during Chapter 13 Bankruptcy to be eligible for a home mortgage. FHA and VA guidelines during Chapter 13 Bankruptcy is almost the same. We will cover and discuss qualifying for an FHA and/or VA loan during Chapter 13 Bankruptcy.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Real Trends

NOVEMBER 11, 2022

“With housing affordability at an all-time low and interest rates on the climb, it’s important that homeowners have alternative options to access their home equity without selling or taking on additional debt,” said Michael Gifford, CEO of Splitero , a financial technology company that helps homeowners access home equity. . USDA loans.

Finance 113

Finance VA loan FHA loan Agents 113