Housing Wire

MARCH 1, 2021

The 30-year mortgage might be the most popular, but don’t discount its shorter-term sister, the 15-year loan. These mortgages come with lower interest rates, a quicker payoff timeline and the opportunity to build equity much faster than 30-year loans. Streamline refinances (if you have an FHA or VA loan).

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 479

Mortgages VA loan Loans Closing 479

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 473

Mortgages VA loan FHA loan Staging 473

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

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 449

Mortgages VA loan FHA loan Lending 449

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

MARCH 11, 2025

Interest rate improvement, while marginal, is attracting refinance activity as homeowners who bought at higher rates work the numbers and find they can reduce their monthly payments or tap into home equity, Brennan OConnell , director of data solutions at Optimal Blue, said in a statement.

Loans 285

Loans Equity Mortgages As-is 285

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

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 446

Mortgages VA loan Principal Loans 446

Housing Wire

MAY 26, 2021

ICE reported an overall closing rate of 78% in April, with the amount of FICO scores used on first-time lean loans at 747. ICE found that conventional loans comprised 81% of originations in April, while FHA loans were 10% and VA loans were just 6%. Purchase mortgages on average took 49 days to close in April.

Closing 476

Closing Mortgages VA loan FHA loan 476

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

JUNE 25, 2024

Giving the company the “staff the agency needs to fulfill its responsibilities” will allow it to “focus on its core mission, including marketing Ginnie Mae securities to global investors and conducting oversight of the 300-plus companies that issue Ginnie Mae securities backed by FHA, RHS, and VA loans,” the letter read.

Mortgages 382

Mortgages VA loan FHA loan Loans 382

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 459

Loan Officer VA loan Loans Technology 459

Housing Wire

NOVEMBER 7, 2023

mortgage delinquencies — which include conventional, FHA and VA loans — are still near record lows of 3.37% per the MBA. equity in the American housing system. I think so because total U.S. housing value is now $44.5 trillion per Urban Institute , and total mortgages outstanding are $13.9 trillion per MBA.

Debt-to-income ratio 434

Debt-to-income ratio Mortgages VA loan Loans 434

Housing Wire

OCTOBER 21, 2022

Of those Issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.”. As of September, the 30-day delinquency rate for FHA loans stood at 3.77%, up from 3.02% as of the beginning of the year, according to data from Recursion. As of Sept.

VA loan 370

VA loan FHA loan Loans Banks 370

Housing Wire

SEPTEMBER 21, 2020

That is why homeowners, in the aggregate, have gained more than $10 trillion in home equity over the past decade. Additionally, the growth in home equity suggests that even after we are past the peak for rate and term refinances next year, cash-out refinance demand should remain solid.

FHA loan 542

FHA loan Loans VA loan Mortgages 542

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.

Mortgages 370

Mortgages VA loan Loans Technology 370

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 427

VA loan Principal Equity Residential 427

Housing Wire

MARCH 30, 2023

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

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

MAY 15, 2023

Nine million borrowers refinanced their loans without equity extraction, with an aggregate decrease of $24 billion annually. In addition, five million borrowers extracted $430 billion of home equity through cash-out refis. ” Meanwhile, the pace of equity extraction halted when mortgage rates began climbing.

Equity 396

Equity Loans Mortgages Banks 396

Housing Wire

SEPTEMBER 22, 2023

For existing homeowners, that’s good news because it means equity accumulation. These loans are going to refinance, and the consumer will be in good shape, building equity to become a move-up buyer. If the FHA loans layered with a DPA are more costly, how do first-time buyers benefit from these programs?

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

DECEMBER 30, 2020

United Wholesale Mortgage caught headlines by offering rates as low as 2.25% for VA loans (though, to be fair, ultra-low-rate products aren’t always what they seem ). The environment also convinced a slew of mortgage lenders to go public , much to the delight of their investors, who are typically private equity firms.

Mortgages 545

Mortgages Loans VA loan Investor 545

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

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. It will accelerate your equity building.

Mortgages 68

Mortgages VA loan Fixed-rate mortgage Equity 68

Housing Wire

OCTOBER 9, 2020

Ben Graboske, data and analytics president at Black Knight said Americans now have the most equity available to them in history, however, 9% of those in forbearance have less than 10% equity in their homes. A recent delinquency report from Black Knight revealed that of 2.4 million homeowners previously recorded leaving forbearance, 1.8

Loans 353

Loans Equity Principal Mortgages 353

Housing Wire

AUGUST 2, 2024

.” Cutting fees for VA borrowers Patton Gade , the national director of military lending at UMortgage, said he believes the market has already priced in a September rate hike. He’s not limboing as low as possible on rates but is stacking fees on top or structuring refis to eat up equity. “Some will dazzle with a 5.2%

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514

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

RIS Media

MAY 23, 2024

At a Mortgage Bankers Association (MBA) conference last week, executives… The post Mortgage Mix: FHA Requiring ‘Cyber Incident’ Reports; Homeowner Equity Hits New Record appeared first on RISMedia.

Equity 124

Equity Mortgages Industrial As-is 124

Housing Wire

AUGUST 7, 2023

Borrowers with high loan-to-value ratios and lower credit scores are required to pay higher rates and fees for mortgages. The most prominent exceptions to this practice are FHA and VA loans, in which everyone pays the same price and fees regardless of LTV or credit score.

Closing 370

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

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. .

Finance 113

Finance VA loan FHA loan Agents 113

Housing Wire

OCTOBER 24, 2022

The overall FHA delinquency rate — for loans 30-days late or more, excluding foreclosures — stood at 8.85% as of the second quarter of this year, compared with 4.22% for VA loans and 2.64% for conventional loans, according to the Mortgage Bankers Association. It’s a source of concern I don’t think is broadly understood.

Principal 334

Principal Banks Loans Mortgages 334

Housing Wire

SEPTEMBER 12, 2023

If you look at NewRez and Mr. Cooper , you’ll see REIT/private equity-backed institutions that are originating assets for their own financial vehicles and attracting outside investment in the process. We have a number of examples in the market today.

Banks 418

Banks Mortgages Loans Investor 418

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. A robust economy can lead to higher interest rates, as lenders anticipate increased demand for loans. Higher credit scores typically lead to lower interest rates.

Mortgages 52

Mortgages Equity Fixed-rate mortgage Loans 52

HomeLight

JULY 31, 2022

Check your equity to get started. As a military member selling a house, the options available to you depend on your equity , which is the percent of your home that you own outright. Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan.

VA loan 95

VA loan Purchase and sale agreement Short sale Pre-approval 95