Housing Wire

MARCH 29, 2022

Origination volume for FHA -insured loans increased by 3% in 2021, growing from $324 billion in 2020 to $332.24 billion worth of FHA loans, while wholesale lenders originated $57.64 The top FHA mortgage originator by volume was Freedom Mortgage Corp. billion worth of loans, a 16% decline from 2020.

FHA loan 397

FHA loan Loans Mortgages Residential 397

Housing Wire

OCTOBER 9, 2024

decline in purchase loan demand. Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2%

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VA loan Mortgages FHA loan Loans 446

Housing Wire

JANUARY 19, 2024

It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loan officers were let go. Last year, half of the originated loans were conventional, followed by 35% of FHA loans and 14% of V.A. The company’s LinkedIn page says the company has between 51 and 200 employees.

Mortgages 477

Mortgages FHA loan Loan Officer Loans 477

Housing Wire

MARCH 6, 2024

Of note, purchase volume — particularly for FHA loans — was up strongly, again showing how sensitive the first-time homebuyer segment is to relatively small changes in the direction of rates. Meanwhile, rates on jumbo loans (balances greater than $766,550) increased to 7.21%, up from 7.20%. the week before. And the U.S.

Mortgages 459

Mortgages FHA loan Loans Residential 459

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. retail residential mortgage applications. But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S.

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Loans Mortgages Fixed-rate mortgage Banks 435

Housing Wire

AUGUST 7, 2024

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. 2 compared to the previous week.

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VA loan FHA loan Loans Mortgages 474

Housing Wire

JULY 17, 2024

on a seasonally adjusted basis during the week ending July 12, due mainly to borrowers taking advantage of a decline in rates to refinance their home loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). In total, refinance loans accounted for 38.8% Mortgage applications increased 3.9%

Mortgages 467

Mortgages VA loan FHA loan Loans 467

Housing Wire

NOVEMBER 7, 2024

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. According to the MBA, the seasonally adjusted rate for residential property (one- to four-unit) delinquencies dropped to 3.92% at the end of September.

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VA loan FHA loan Mortgages Loans 367

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

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FHA loan Loan Officer Loans Mortgages 370

Housing Wire

FEBRUARY 27, 2024

of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. were conventional loans and 30.5%

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FHA loan Loan Officer Loans Staging 448

Housing Wire

JANUARY 3, 2024

“The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months to come,” Kan added. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% from 15% the week prior.

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Mortgages VA loan FHA loan Loans 449

Housing Wire

AUGUST 15, 2024

According to the Mortgage Bankers Association (MBA), the second-quarter 2024 delinquency rate for mortgages on one- to four-unit residential properties increased to 3.97% on a seasonally adjusted basis. Department of Veterans Affairs (VA) loans. Meanwhile, the July foreclosure report from Attom sends similar signals of rising distress.

Mortgages 467

Mortgages VA loan FHA loan Staging 467

Housing Wire

AUGUST 11, 2023

The seasonally-adjusted delinquency rate for one-to-four-unit residential properties stood at 3.37% in the second quarter of this year, down 27 basis points compared to the same period one year ago and 19 basis points quarter over quarter, the MBA reported.

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FHA loan Mortgages Loans Residential 370

Housing Wire

AUGUST 19, 2021

Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago.

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VA loan Mortgages FHA loan Loans 459

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

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FHA loan Mortgages Loan Officer VA loan 397

Housing Wire

AUGUST 14, 2024

But the industry is not yet out of the woods, said Todd Sheinin, the Maryland-based vice president of strategy and development at Primary Residential Mortgage Inc. “As It was through a phone call that Evenson found out that one of his clients was looking to refinance his existing 30-year mortgage into a 15-year loan.

Mortgages 467

Mortgages Loan Officer FHA loan Loans 467

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

Mortgages 448

Mortgages Equity VA loan FHA loan 448

Housing Wire

JULY 10, 2024

Department of Housing and Urban Development (HUD) on Wednesday posted an updated draft of its proposed defect taxonomy for servicing Federal Housing Administration (FHA) loan reviews. “We look forward to meeting with our members to formulate our comments on the proposal.”

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FHA loan Loans Mortgages Design 412

Housing Wire

JULY 19, 2022

New residential construction and permitting activity weakened from March through May, which reduced the number of homes available for home buyers, according to survey results. The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. Conventional loans accounted for 73.7% of loan applications.

Mortgages 370

Mortgages VA loan FHA loan Loans 370

Housing Wire

MAY 5, 2022

Delinquency rates for mortgage loans on one-to-four unit residential properties dropped 43 basis points to 4.11% from the previous quarter. million loans serviced delinquent in the first three months of this year. million loans serviced delinquent in the first three months of this year. That translates to 1.62

Mortgages 370

Mortgages FHA loan Loans Residential 370

Housing Wire

SEPTEMBER 11, 2024

Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The average rate for jumbo loans (balances above $766,550) fell 17 bps to 6.56%. during the week ending Sept.

Loans 473

Loans Mortgages Residential Development 473

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgages 397

Mortgages Loans Lending Construction 397

Housing Wire

DECEMBER 4, 2024

Certain borrower groups are especially vulnerable, including those with lower credit scores , higher debt-to-income ratios and those who opted for more affordable loan products. Walsh said that there’s a “big question mark” related to FHA loans, which recorded a 10.46% delinquency rate in Q3 2024, up from 9.5%

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VA loan Mortgages Debt-to-income ratio FHA loan 305

Housing Wire

JULY 22, 2024

If you look at the last 50 years of the real estate industry, the rules around residential transactions have become very complex. Fifty-five years ago, when I was first licensed, we had a one-page VA loan, a one-page FHA loan, and a one-page listing agreement and two pages for a buying agreement.

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Housing Wire

DECEMBER 29, 2022

That isn’t what residential housing credit risk is supposed to look like. People who buy homes late in an expansion and lose their jobs with no selling equity will likely lead to a foreclosure, most likely those with FHA loans. People assume that was credit score inflation but in reality, the trend stayed the same.

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Marketing Bankruptcy Sales FHA loan 546

Housing Wire

FEBRUARY 8, 2022

We service their loans. But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge.

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Loans Pre-approval Mortgages Principal 370

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.

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Principal Banks Loans Mortgages 332

Housing Wire

JULY 1, 2021

they may not be able to modify the loan, sell quickly or whatever else and thus end up foreclosed upon). This will be especially true for lower-income households with FHA loans that started with very little equity to begin with due to the low-down payment requirement. All those missed payments and interest need to be paid back.

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Short sale FHA loan Equity Sales 260

Calculated Risk Real Estate

MAY 16, 2024

From the MBA: Mortgage Delinquencies Increase Slightly in the First Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 The percentage of loans on which foreclosure actions were started in the first quarter remained unchanged at 0.14

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VA loan FHA loan Mortgages Loans 119

RIS Media

MAY 9, 2022

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the end of the first quarter of 2022, according to the latest Mortgage Bankers Association’s (MBA) National Delinquency Survey, released last week.

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FHA loan VA loan Mortgages Loans 105

Realty Biz

DECEMBER 30, 2021

PMI is almost always required when you take out a conventional loan with a down payment that is less than 20% of the purchase price. If you have at least 20% equity when taking out a conventional loan, you can generally avoid paying PMI. to 1.5 % of the loan amount each year. How Much Does PMI Cost? when PMI is included.

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FHA loan Mortgages Loans Equity 108

HomeLight

AUGUST 21, 2023

That final price will show the buyer’s lender how much money they should be loaning to the buyer. Most home loan lenders will require an appraisal before they’ll finance a home. Also, government-backed loans, such as VA and FHA loans, will often require an approved FHA or VA appraiser to examine the home.

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Purchase and sale agreement FHA loan Residential Loans 98

Realty Biz

OCTOBER 4, 2020

A study by American Student Assistance found that 55% of student loan holders said their debt is causing them to put off homeownership. Those student loans have no more effect on your ability to qualify for a mortgage than any other type of debt that you might have. Student loans count the same as a car loan or credit card.

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Debt-to-income ratio Loans VA loan FHA loan 77

RIS Media

JANUARY 3, 2021

Judy Crockett, real estate agent and certified residential specialist, states that “working with first-time buyers is challenging primarily because the buyers are typically younger, inexperienced and overwhelmed by the logistics of purchasing a new home.” ” Read on for six things you should know about first-time homebuyers.

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VA loan FHA loan Loans Staging 111

Calculated Risk Real Estate

FEBRUARY 8, 2024

From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88 Of particular note, FHA delinquencies were up 131 basis points. The FHA delinquency rate increased 131 basis points to 10.81

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FHA loan Mortgages VA loan Loans 80

Realty Biz

MARCH 12, 2023

Preparing For an FHA Inspection Before your FHA loan can be approved, your buying home must be inspected and appraised. The FHA wants to ensure the home is worth the money you are willing to pay. Most people do not know there are FHA inspection requirements for appraisals.

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FHA loan Inspection Loans Residential 94

Calculated Risk Real Estate

AUGUST 15, 2024

From the MBA: Mortgage Delinquencies Increase in the Second Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.97 The percentage of loans on which foreclosure actions were started in the second quarter fell by 1 basis point to 0.13

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VA loan FHA loan Mortgages Loans 75