Housing Wire

OCTOBER 9, 2024

After reaching their highest level since July 2022 , mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2% For the week ending Oct. of applications.

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Housing Wire

JULY 22, 2024

Since starting his career in the real estate industry more than five decades ago, Dave Liniger , the co-founder of RE/MAX , has seen and experienced quite a bit of change and innovation. If you look at the last 50 years of the real estate industry, the rules around residential transactions have become very complex.

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Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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.

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VA loan Agents Seller concession FHA loan 482

Housing Wire

NOVEMBER 20, 2020

The 30-year conventional dropped from 3.02% to 3.01%, and VA fell from 2.78% to 2.75%. FHA loans remained the same, holding steady at 3.01% in October. The number of conventional loans increased in October to 82% – up from 80% in September. Overall loan applications are down 9.3% from September.

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Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. VA loans comprised 10.7%, increasing seven basis points.

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Housing Wire

DECEMBER 15, 2021

Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

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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.

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Housing Wire

OCTOBER 19, 2021

The survey-high average loan size of $408,522 is evidence of higher sales prices from these higher costs, as well as the shift in new construction to larger, more expensive homes,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. and RHS/USDA loans made up the final 0.5%.

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Housing Wire

NOVEMBER 16, 2021

Joel Kan, associate vice president of economic and industry forecasting at the MBA, noted in a statement that purchase activity in October was dominated by higher mortgage loan balance transactions, pushing the average new home loan size over $412,000—a record in the survey. of loan applications. FHA loans composed 13.5%

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Housing Wire

AUGUST 19, 2021

Marina Walsh, vice president of industry analysis at the MBA, noted that the recovery is being driven by several factors “including improved employment and other economic conditions, the availability of home retention workout options after forbearance, and a strong housing market that is bringing additional alternatives to distressed homeowners.”.

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Housing Wire

JUNE 17, 2021

On a seasonally adjusted basis, the MBA also estimates new home sales fell at an annualized pace of 4% in May, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ?the and VA loans provided 10.4%.

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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.

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Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. VA loans consisted of 10.3% from the week prior.

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Mortgages VA loan FHA loan Fixed-rate mortgage 459

Housing Wire

NOVEMBER 30, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said mortgage rates rose for the third week in a row, reducing incentives for many borrowers to refinance. For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%. Meanwhile, FHA loans went from 8.6% the previous week.

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Mortgages VA loan FHA loan Fixed-rate mortgage 418

Housing Wire

MAY 19, 2022

“New home purchase activity declined on a monthly and annual basis in April, as the spike in mortgage rates cooled demand, and homebuilders continued to grapple with rising costs, supply-chain issues, and extended completion timelines,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting, in a statement.

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Housing Wire

NOVEMBER 17, 2021

Overall, the Market Composite Index, a measure of the mortgage loan application volume, decreased 2.8% Joel Kan, associate vice president of economic and industry forecasting at the MBA, said refi applications decreased for the seventh time in eight weeks, as mortgage rates increased following two weeks of declines. the previous week.

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Housing Wire

MARCH 29, 2024

The Consumer Financial Protection Bureau (CFPB) this week released its 2023 Consumer Response Annual Report , offering an overview of consumer complaints in a variety of industries overseen by the bureau. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%).

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Housing Wire

DECEMBER 22, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that the average purchase loan increased to $416,200. VA loans comprised 11.5%, an increase of nine basis points. Meanwhile, the share of FHA loans remained unchanged at 9.6% on a seasonally adjusted basis.

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Mortgages VA loan FHA loan Fixed-rate mortgage 418

Housing Wire

FEBRUARY 16, 2023

“As expected, the overall national mortgage delinquency rate increased in the fourth quarter of 2022 from its previous quarterly survey low,” Marina Walsh, MBA’s vice president of industry analysis, said. The FHA loan delinquency rate rose the most by a whopping 209 bps to 10.61% in the fourth quarter from the previous quarter.

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Housing Wire

MARCH 24, 2023

Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4% in Q4, the Department of Veterans Affairs (VA) loans rate was at 2.43%, and at 1.89% for all loans based on the industry average.

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Housing Wire

DECEMBER 16, 2021

Joel Kan, associate vice president of economic and industry forecasting at the MBA, noted that unlike the dip in applications, the average loan amount increased to a record of $414,114. In October , the average loan amount for a new home was $412,339, the survey found. By product type, conventional loans made up 76.3%

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Housing Wire

JULY 20, 2021

Overall sales of new homes are still down 7% from last year, according to Joel Kan, MBA associate vice president of economic and industry forecasting. Conventional mortgage loans composed 74.4% of loan applications in June, while FHA loans composed 14%. RHS/USDA loans composed 1% and VA loans composed 10.6%.

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Housing Wire

JULY 19, 2022

“Higher mortgage rates and heightened economic uncertainty cooled borrower demand in June, leading to new-home purchase applications declining to the lowest level since April 2020,” said Joel Kan, associate vice president of economic and industry forecasting at the MBA. Conventional loans accounted for 73.7% of loan applications.

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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. Reverse mortgage impacts The reverse mortgage industry has unique stakes in the security of Ginnie Mae.

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Housing Wire

SEPTEMBER 20, 2022

“Ongoing volatility in mortgage rates in the months ahead may lead to larger than typical swings in the pace of new home sales,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Conventional loans accounted for 72.1% of loan applications.

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Housing Wire

AUGUST 22, 2022

“Mortgage applications to purchase newly built homes weakened in July, as prospective homebuyers continue to delay decisions because of economic uncertainty and still-high home prices and mortgage rates,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. By product type, conventional loans composed 70.7%

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Housing Wire

NOVEMBER 4, 2020

According to Joel Kan , MBA’s associate vice president of economic and industry forecasting, borrowers made a grab for both conventional and government refi’s. percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”. of total applications.

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Housing Wire

JULY 26, 2021

By product type, conventional loans were 74.4% of loan applications, FHA loans comprised 14% percent, RHS/USDA loans were 1% and VA loans were 10.6%. The average loan size of new homes increased from $384,323 in May to $392,370 in June.

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Housing Wire

OCTOBER 19, 2022

The Mortgage Bankers Association (MBA) forecasts that if the mortgage industry experiences a 65% drop in origination volume between the fourth quarter of 2020 and the first quarter of 2023, production employment will likely need to be scaled back by 24 to 31%.

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Housing Wire

JUNE 26, 2023

at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said. The serious delinquency rate also decreased to 0.6%

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Housing Wire

OCTOBER 21, 2022

“Our Issuers and the mortgage servicing industry are integral to the government mortgage system, and they are also adapting and adjusting to market conditions. Industry trade groups cheered the decision to delay the rule’s implementation.

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Housing Wire

SEPTEMBER 21, 2020

It has been surprising to see in MBA’s data recently that FHA note rates, which typically are below conventional rates, have risen above conforming 30-year rates for much of the pandemic period. Smaller balance loans, in many cases likely FHA loans, are impacted by the factors noted above. What is driving this?

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Housing Wire

SEPTEMBER 22, 2023

It’s people in the industry that know who the players are that are in trouble. The employment data comes out on a lag basis for brokers and loan officers. That’s really the question that the industry has to focus on. DPA programs were predominantly for FHA loans. In the mortgage space?

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Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. In other words, they don’t know that their FHA or VA loan can be attached to the home sale when they sell it. As a result, the industry hasn’t been trained on the ins and outs of the assumptions. Raunaq Singh About $8.5 Included in that total were nearly $1.5

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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.

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Calculated Risk Real Estate

FEBRUARY 6, 2025

. “Although mortgage delinquencies rose only ten basis points in the fourth quarter of 2024 compared to one year ago, the composition of the delinquencies changed,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis. ” Added Walsh, “Government loans are also rolling to later stages of delinquency.

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Calculated Risk Real Estate

MAY 16, 2024

. “Overall mortgage delinquencies increased slightly in the first quarter of 2024, but not across all three of the major loan types. Delinquencies declined for FHA loans, were relatively flat for conventional loans, and increased for VA loans,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.

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