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. billion through its TPO channel.

FHA loan 370

FHA loan Mortgages Marketing Loans 370

Housing Wire

FEBRUARY 13, 2025

Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue ‘s January 2025 Market Advantage mortgage data report released Thursday. Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged.

VA loan 321

VA loan FHA loan Mortgages Loans 321

Housing Wire

DECEMBER 18, 2024

Market data at HousingWire ‘s Mortgage Rates Center showed an average fixed rate of 6.87% for 30-year conforming loans on Wednesday, a slight increase from the week ending on Dec. The average rate for 30-year fixed-rate loans for conforming balances (up to $766,550) rose by 8 bps to 6.75%.

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. As an economist focused on the real estate market for years, I’m wary of ideas that sound too good to be true. This claim is misguided, oversimplifying a more complicated reality.

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. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

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 They are staying busy relative to the market,” Ullmann said.

FHA loan 468

FHA loan Loans Loan Officer Mortgages 468

Housing Wire

NOVEMBER 9, 2023

housing market after 54 programs were added in the third quarter, according to Down Payment Resource (DPR), a homebuyer assistance program data and solutions firm. Program providers are working around the clock to ensure the programs they offer meet the needs of their markets.

FHA loan 482

FHA loan VA loan Finance Loans 482

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. housing market, as well as the need to increase access to affordable mortgage options.” The result was approximately $1.3

Industrial 544

Industrial Mortgages FHA loan Finance 544

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. The differences between FHA, VA, and USDA mortgages. A homebuyer’s guide to a competitive housing market. Hard money loans.

FHA loan 488

FHA loan Hard money loan Loans Loan Officer 488

Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August. The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5%

VA loan 521

VA loan Mortgages FHA loan Fixed-rate mortgage 521

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. economy and the strength of the job market.”

Loans 476

Loans FHA loan Equity Closing costs 476

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. We specialize in marketing for purchases.”. Go Mortgage originated $753.2

Mortgages 508

Mortgages FHA loan Loan Officer Construction 508

Housing Wire

SEPTEMBER 14, 2023

In a rate-rising environment where it has become more difficult for first-time buyers to get into the market, borrowers won’t have to deal with a file that has an MCR for six months. 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% to qualify for a FHA loan.

Loan Officer 418

Loan Officer FHA loan Loans Mortgages 418

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.

FHA loan 468

FHA loan VA loan Mortgages Loans 468

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

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 435

Marketing FHA loan Loans Mortgages 435

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. A homebuyer’s guide to a competitive housing market.

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

DECEMBER 28, 2023

LOs had to fight an uphill battle of targeting the purchase market in an environment with a rate ‘lock-in’ effect, go after first-time homebuyers and offer customized solutions to bring down monthly mortgage payments. They are staying busy relative to the market,” said Michael Ullmann, producing branch leader at Movement Mortgage.

Loans 459

Loans FHA loan Mortgages Loan Officer 459

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

OCTOBER 25, 2023

“These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity.” The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% Rates have now risen for seven consecutive weeks, amounting to a 69 basis points increase, Kan added. from 14.8%

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

APRIL 17, 2023

has a Housing Finance Policy Center that does a significant amount of research and analysis on the housing market. They also produce a monthly chart book that is packed with amazing data about the market. of FHA’s purchase transactions were provided for minority home loans. But who does the FHA loans today?

Marketing 397

Marketing FHA loan Banks Lending 397

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

FHA loan 459

FHA loan Finance Loans Agents 459

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. Additionally, the FHFA will waive its adverse market refinance fee for borrowers with loan balances at or below $300,000.

FHA loan 514

FHA loan Loans Finance Mortgages 514

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior. Regarding the purchase market , Kan said mortgage applications increased slightly because a 1.7% decline in applications for government loans. from the week prior.

VA loan 435

VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans. for FHA loans and 44.5% for VA loans. Borrowers withdrew a record $104,000 on average.

Equity 468

Equity VA loan FHA loan Mortgages 468

Housing Wire

JANUARY 10, 2024

4, according to Freddie Mac ’s Primary Mortgage Market Survey. 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% Mortgage applications increased 9.9% for the week ending Jan. from 14.5% the week prior.

Mortgages 511

Mortgages VA loan FHA loan Loans 511

Housing Wire

OCTOBER 9, 2024

In reference to the purchase market, Fratantoni observed that a couple key factors continue to play a role in consumer demand. “As Now, there are more homes available in many markets across the country, and with mortgage rates still low compared to recent history, at least some potential homebuyers are moving ahead.”

VA loan 458

VA loan Mortgages FHA loan Loans 458

Housing Wire

DECEMBER 20, 2023

Total home loan applications decreased by 1.5% The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% The share of Department of Veterans Affairs (VA) loan activity was 15.6%, up from 14.2% for the week ending Dec. the week prior.

Mortgages 480

Mortgages VA loan FHA loan Loans 480

Housing Wire

NOVEMBER 22, 2023

Total home loan applications increased 3% for the week ending Nov. Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average loan size on a purchase application was $403,600, the lowest since January 2023.

VA loan 488

VA loan FHA loan Mortgages Loans 488

Housing Wire

JANUARY 13, 2021

A week ago, it said it will offer 61 basis points on conventional loans through March 8. It’s also offering ultra-low rate mortgages on FHA loans. According to the FHFA, hybrid appraisals would increase coverage for rural markets and high-volume areas where speed matters.

FHA loan 467

FHA loan Inspection Loans Mortgages 467

Housing Wire

MAY 10, 2023

” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. Did you hear that sound? That’s the entire mortgage industry shouting, “hip, hip hooray!”

FHA loan 539

FHA loan Loans Principal Mortgages 539

Housing Wire

NOVEMBER 15, 2023

Total home loan applications increased 2.8% The 30-year, fixed mortgage rate averaged 7.5%, falling 26 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% for the week ending Nov. the previous week.

VA loan 468

VA loan FHA loan Mortgages Loans 468

Housing Wire

SEPTEMBER 27, 2022

“We regularly review and adjust staffing levels to align with market conditions and the needs of our businesses,” a spokesperson said. The lender’s guide to surviving this mortgage market. Amid a mortgage market is projected to shrink nearly in half in 2023, Wells Fargo is planning to reduce its presence in mortgage.

FHA loan 397

FHA loan Lending Banks Finance 397