Housing Wire

FEBRUARY 13, 2025

January lock data shows two important ways constrained affordability is impacting the housing finance market, Brennan OConnell , director of data solutions at Optimal Blue, said in a statement. Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged.

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VA loan FHA loan Mortgages Loans 335

Housing Wire

MARCH 24, 2025

. “A loan-to-value ratio that is too high, either because of a limited down payment or an appraisal of the home that resets the value used to calculate this ratio, can also be a factor,” she said. The type of mortgage also plays a role, with jumbo and nonconventional loans facing higher rejection rates.

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Debt-to-income ratio FHA loan Mortgages Loans 332

Housing Wire

MARCH 20, 2025

Flips purchased with financing accounted for 36.2% Among major metros, San Diego (59%), Seattle (58.1%), and Fresno, California (50.6%) had the highest percentage of flips purchased with financing. Additionally, the share of flipped homes sold to buyers using Federal Housing Administration (FHA) loans remained steady at 10.7%.

FHA loan 347

FHA loan Investor Finance Renovation 347

Housing Wire

DECEMBER 18, 2024

The average rate for 30-year fixed-rate loans for conforming balances (up to $766,550) rose by 8 bps to 6.75%. Rates for 30-year jumbo loans (balances above $766,550) grew by 7 bps to 6.86%. And the 30-year FHA loan rate increased by 2 bps to 6.49%. Rates for 5/1 ARMs increased by 22 bps to 6.03%.

VA loan 395

VA loan Mortgages FHA loan Loans 395

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. But this is much easier said than done.

Finance 448

Finance Agents FHA loan Closing costs 448

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD.

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

NOVEMBER 4, 2024

The third party origination (TPO) division of Rocket Mortgage on Monday announced the rollout of its latest product, 24 Takeoff, which allows mortgage broker partners to receive a 24 basis point credit on all eligible loans until Nov. 15 at 2 pm EST.

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FHA loan Mortgages Marketing Loans 370

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday.

FHA loan 448

FHA loan Loans Closing costs Finance 448

Housing Wire

OCTOBER 4, 2023

But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So It was a similar story for Steve Miller, branch manager and senior loan officer at Embrace Home Loans.

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FHA loan Loans Loan Officer Mortgages 468

Housing Wire

NOVEMBER 9, 2023

For this reason, many programs now allow funds to be used for buydowns and other popular financing strategies that take the edge off of monthly mortgage payments,” Rob Chrane, founder and CEO of DPR, said in a statement. Buydowns have become a preferred financing strategy for borrowers as mortgage rates have surged.

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FHA loan VA loan Finance Loans 482

Housing Wire

OCTOBER 30, 2023

loanDepot has rolled out a new down payment assistance program for Federal Housing Administration (FHA) loan borrowers that enables them to put zero money down upfront. loanDepot said its down payment assistance program is offered by the Tule River Finance Authority and the companies are not affiliated.

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FHA loan Loans Lending Finance 493

Housing Wire

DECEMBER 18, 2020

Here’s what you need to know about financing that purchase. Conventional loans. A conventional loan is a smart way to finance an income-earning property. You may also be able to use an FHA loan to buy your home, but there are caveats. Hard money loans.

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FHA loan Hard money loan Loans Loan Officer 488

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. Mortgage insurance is required on all FHA loans, but the cost varies. The result was approximately $1.3 Mortgage Insurers.

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Industrial Mortgages FHA loan Finance 544

Housing Wire

OCTOBER 16, 2024

increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance. By contrast, sellers of loans through Fannie Mae repurchased $268.5 million in noncompliant loans during the same period, a 27.7% decline from Q1 2024. Overall, buybacks dropped by 0.8%.

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FHA loan Mortgages Loans Technology 435

Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Loan officers, too, sometimes have reservations about government-financed loans.

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FHA loan VA loan Loans Loan Officer 493

Housing Wire

AUGUST 12, 2024

The calculations were based on the number of purchase loans in CoreLogic public records. Piggybacks are a type of home equity loan taken out as a separate , additional loan from the borrower’s first mortgage.

Loans 476

Loans FHA loan Equity Closing costs 476

Housing Wire

JUNE 11, 2024

Open Mortgage’s termination is based on the “poor performance” of these loans, HUD stated. Inside Mortgage Finance first reported on the topic. Cases in the early stages may be transferred to other lenders with an FHA approval. HUD’s decision on Open Mortgage will be published in the Federal Register on Wednesday.

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FHA loan Mortgages Loan Officer Loans 476

Housing Wire

NOVEMBER 17, 2023

CBC Mortgage Agency — a federally chartered housing finance agency — is reducing interest rates on repayable second mortgages used for its down payment assistance (DPA) program. CBC Mortgage Agency is the provider of Chenoa Fund, a national DPA program that comes in a repayable and forgivable option.

Mortgages 448

Mortgages FHA loan Loans Finance 448

Housing Wire

NOVEMBER 10, 2023

FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S. Conventional loans remain the most common type of mortgage, making up over 75% of all loans.

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FHA loan VA loan Mortgages Loans 468

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. When Finance of America announced their closure, we started searching around,” Reich said. “Refis are the easier product of the industry,” Reich said. “We

Mortgages 508

Mortgages FHA loan Loan Officer Construction 508

Housing Wire

MARCH 25, 2021

Gone are the days when you had to put 20% down to get approved for a loan to purchase a home. For example, a conventional loan lets you put as little as 3% down. An FHA loan requires as little as 3.5% One good thing about student loans is they typically don’t have as high of an interest rate as other loans.

Debt-to-income ratio 511

Debt-to-income ratio Loans FHA loan Finance 511

Housing Wire

SEPTEMBER 14, 2023

Demand for FHA loans have risen over the past year to comprise 23.8% The FHA/VA share in Q2 2023 stood at 22.9% of the entire mortgage origination volume, up from 18% in Q2 2022, according to data compiled by Inside Mortgage Finance and Urban Institute. to qualify for a FHA loan.

Loan Officer 418

Loan Officer FHA loan Loans Mortgages 418

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

FHA loan 370

FHA loan Loan Officer Loans Mortgages 370

Housing Wire

MAY 12, 2021

Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing. Homebuilders, Williams said, are more concerned with the overall investment, and don’t have the same prejudices toward and misconceptions about VA financing that individuals do. Already a member?

Loans 459

Loans FHA loan Mortgages Construction 459

Housing Wire

NOVEMBER 29, 2023

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13. Virgin Islands, the one-unit property limit is ​$1,149,825​​.

Loans 448

Loans FHA loan Principal Finance 448

Housing Wire

MARCH 25, 2021

You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. Yes, we’re talking about a bridge loan. But, a bridge loan comes with a higher interest rate.

Loans 542

Loans VA loan FHA loan Finance 542

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

JANUARY 19, 2024

Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. Last year, half of the originated loans were conventional, followed by 35% of FHA loans and 14% of V.A. Representatives at the company did not immediately reply to a request for comments.

Mortgages 482

Mortgages FHA loan Loan Officer Loans 482

Housing Wire

DECEMBER 28, 2023

Targeting first-time homebuyers Those who catered to first-time homebuyers’ needs – offering Federal Housing Administration (FHA) loans and down payment assistance loans – fared relatively well compared to other colleagues who didn’t expand their target clients.

Loans 459

Loans FHA loan Mortgages Loan Officer 459

Housing Wire

OCTOBER 25, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.8% for the week ending Oct.

Mortgages 476

Mortgages VA loan FHA loan Loans 476

Housing Wire

DECEMBER 3, 2020

on FHA loans through its Conquest Program. Those rates will be available on FHA purchase mortgages, FHA rate and term refinances, and FHA streamline refinances, but not all borrowers will qualify for the products.

Mortgages 514

Mortgages FHA loan Loans Finance 514

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

FHA loan 476

FHA loan Loans Closing costs Loan Officer 476

Housing Wire

MAY 5, 2021

The Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. The reality is that borrowers who are in this bracket likely have an FHA loan ,” Stevens said.

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FHA loan Loans Finance Mortgages 514

Housing Wire

DECEMBER 15, 2021

Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. Sellers today are prioritizing cash offers and prospective buyers with conventional mortgage approval, particularly given that the Federal Housing Finance Agency just approved higher loan borrowing limits.

VA loan 435

VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

MARCH 26, 2024

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). By comparison, the serious delinquency rate for Federal Housing Administration ( FHA ) loans was 3.42% in Q4 2023. The rate for U.S.

VA loan 488

VA loan FHA loan Short sale Loans 488

Housing Wire

JANUARY 10, 2024

The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 16.3%, up from 14.6% Purchase applications rose by 6% week over week on an adjusted basis. Meanwhile, refinance applications were 19% higher than a year ago. from 14.5%

Mortgages 511

Mortgages VA loan FHA loan Loans 511

Housing Wire

APRIL 3, 2024

The first is a contention that large swaths of first-time homebuyers, who already face major challenges to enter the housing market, will not be able to meet higher down payment thresholds necessary to pay the buyer’s agent commission when using FHA financing. “We

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FHA loan Finance Loans Agents 459