Housing Wire

AUGUST 15, 2024

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising. Department of Veterans Affairs (VA) loans. This pipeline of data suggests that more U.S.

Mortgages 475

Mortgages VA loan FHA loan Staging 475

Housing Wire

JULY 17, 2024

Mortgage applications increased 3.9% 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). As a result, mortgage rates are trending down.

Mortgages 468

Mortgages VA loan FHA loan Loans 468

Housing Wire

MARCH 6, 2024

The typically busy spring housing market seems to already be at the doorstep despite stubbornly higher mortgage rates. Mortgage applications increased by 9.7% on a seasonally adjusted basis during the week ending March 1, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey.

Mortgages 459

Mortgages FHA loan Loans Residential 459

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. But data shows a slight recovery as mortgage delinquencies fell in the third quarter. That silver lining comes from the Mortgage Bankers Association (MBA)’s National Delinquency Survey.

VA loan 370

VA loan FHA loan Mortgages Loans 370

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. 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.

Mortgages 482

Mortgages FHA loan Loan Officer Loans 482

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Loans 459

Loans FHA loan Mortgages Loan Officer 459

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. The post Mortgage delinquencies shrink in Q2 appeared first on HousingWire.

VA loan 459

VA loan Mortgages FHA loan Loans 459

Housing Wire

AUGUST 14, 2024

The recent declines in mortgage rates have been good news for mortgage professionals and consumers alike. 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 After mortgage rates peaked above 7.5%

Mortgages 468

Mortgages Loan Officer FHA loan Loans 468

Housing Wire

AUGUST 11, 2023

The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround. The percentage of loans on which foreclosure actions were started in the second quarter fell by 3 basis points.

FHA loan 370

FHA loan Mortgages Loans Residential 370

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

FHA loan 397

FHA loan Mortgages Loan Officer VA loan 397

Housing Wire

FEBRUARY 16, 2023

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. For the past 15 years, mortgage delinquencies have tracked very closely with employment conditions, Marina Walsh, MBA’s vice president of industry analysis, noted. by the end of 2023.

Mortgages 448

Mortgages Equity VA loan FHA loan 448

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, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. billion worth of FHA loans, while wholesale lenders originated $57.64 originating $25.5

FHA loan 397

FHA loan Loans Mortgages Residential 397

Housing Wire

DECEMBER 15, 2020

from a year ago, but new home applications decreased from October, according to the Mortgage Bankers Association builder application survey. The average loan size of new homes increased from $355,684 in October to $357,554 in November, according to the survey. Conventional loans composed 71.8%

VA loan 493

VA loan FHA loan Loans Residential 493

Housing Wire

JULY 19, 2022

New home purchase applications dropped 12% year over year in June due to higher mortgage rates and economic uncertainty, according to the builder application survey from the Mortgage Bankers Association (MBA). The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. of loan applications.

Mortgages 370

Mortgages VA loan FHA loan Loans 370

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. week over week and 10.6%

VA loan 476

VA loan FHA loan Loans Mortgages 476

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based In March, FHA Commissioner Julia Gordon made it a little cheaper. based think tank Urban Institute to hear their takes.

FHA loan 370

FHA loan Loan Officer Loans Mortgages 370

Housing Wire

MAY 5, 2022

The cost of a home mortgage may be going up , but perhaps some good news: Fewer people who already own a home are missing payments. Mortgage delinquency rates dropped for the seventh straight quarter, hitting the lowest level since the fourth quarter of 2019, according to the Mortgage Bankers Association. That translates to 1.62

Mortgages 370

Mortgages FHA loan Loans Residential 370

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. HUD’s programs rely on the work of private partners, including mortgage servicers,” HUD acting secretary Adrianne Todman said in a statement. “We

FHA loan 430

FHA loan Loans Mortgages Design 430

Housing Wire

FEBRUARY 27, 2024

California-based New American Funding (NAF), which recently acquired Draper and Kramer Mortgage Corp. Last year, she produced about $78 million in mortgages, consisting mainly of Federal Housing Administration (58.8% of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. were FHA loans.

FHA loan 448

FHA loan Loan Officer Loans Staging 448

Housing Wire

JUNE 3, 2022

Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. The loans in the offering were all originated through the Federal Housing Administration (FHA) and later securitized through Ginnie Mae. in active foreclosure.

Loans 418

Loans FHA loan Principal Marketing 418

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgages 397

Mortgages Loans Lending Construction 397

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. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA). the week prior.

Loans 435

Loans Mortgages Fixed-rate mortgage Banks 435

Housing Wire

SEPTEMBER 11, 2024

Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% 6, according to the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The refi share of mortgage activity was 46.7%

Loans 476

Loans Mortgages Residential Development 476

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls.

Marketing 546

Marketing Bankruptcy Sales FHA loan 546

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.

Industrial 457

Industrial Technology VA loan FHA loan 457

Calculated Risk Real Estate

FEBRUARY 6, 2025

From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98 The percentage of loans on which foreclosure actions were started in the fourth quarter rose by 1 basis point to 0.15

VA loan 59

VA loan FHA loan Mortgages Loans 59

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We 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. We know who the borrowers are.

Loans 370

Loans Pre-approval Mortgages Principal 370

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 “Notably, all three loan types saw an increase in delinquencies compared to one year ago.

VA loan 119

VA loan FHA loan Mortgages Loans 119

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). Servicers should also be sharing the mathematics of mortgage forbearance. Most homeowners will be exiting forbearance after 12 or even 15 months of not making payments. All those missed payments and interest need to be paid back.

Short sale 275

Short sale FHA loan Equity Sales 275

Housing Wire

OCTOBER 24, 2022

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Tom Piercy, Managing director of Incenter Mortgage Advisors. billion — compared with $51.1

Principal 334

Principal Banks Loans Mortgages 334

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.

FHA loan 105

FHA loan VA loan Mortgages Loans 105

Realty Biz

DECEMBER 30, 2021

Private mortgage insurance (PMI) might sound like something that will protect you if you can’t make a mortgage payment. 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. PMI does not prevent a foreclosure if you don’t make the mortgage payments.

FHA loan 108

FHA loan Mortgages Loans Equity 108

The Close

NOVEMBER 25, 2024

Simply put, it’s a residential building with more than one unit designed to house multiple families. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. What Is Multifamily Property?

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Investor 105

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

VA loan 75

VA loan FHA loan Mortgages Loans 75

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 The historical average for the seasonally adjusted mortgage delinquency rate from 1979 through 2023 is 5.25

FHA loan 80

FHA loan Mortgages VA loan Loans 80

Realty Biz

JULY 19, 2022

Along with having a down payment, your credit score is probably the most important factor for a home mortgage. Just like saving a down payment, it can also take some time to repair your credit score if you need to or improve it to obtain a better interest rate that translates into a lower monthly mortgage payment.

Mortgages 98

Mortgages FHA loan Bankruptcy Loans 98

Calculated Risk Real Estate

NOVEMBER 8, 2024

From the MBA: Mortgage Delinquencies Decrease Slightly in the Third Quarter of 2024, Up on Annual Basis The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased slightly to a seasonally adjusted rate of 3.92 The FHA delinquency rate decreased 14 basis points to 10.46

VA loan 59

VA loan FHA loan Mortgages Loans 59