FHA loan Principal Sales 
Housing Wire
FEBRUARY 7, 2023
In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.
Housing Wire
JUNE 23, 2022
The national median mortgage payment for conventional loans was $1,960, down slightly from April’s $1,967, but significantly higher than a year ago, when it was $1,394 in May 2021. Federal Housing Administration (FHA) loan payments rose to $1,430 in May from the previous month’s $1,374. . The agency expects some 5.76
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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%
Housing Wire
JUNE 26, 2023
The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. The serious delinquency rate also decreased to 0.6%
Housing Wire
MAY 31, 2023
A partial claim is an interest-free loan from the U.S. The remainder of the late payments are then added to the principal balance and extended for 30 years at a fixed rate. Typically, issuers implement loss mitigation by buying an FHA loan out of a Ginnie Mae pool, modifying the loan, and then selling the loan back into a pool.
Housing Wire
AUGUST 8, 2023
million in the previous quarter, “primarily driven by higher pull through weighted lock volume and gain on sale margin,” the company told investors. Purchase loans comprised 73% of the total. The gain-on-sale margin came in at 2.85% in the second quarter, better than the 2.26% registered in the previous quarter.
Housing Wire
FEBRUARY 1, 2023
Nunziata explained that offering prospective homebuyers a $10,000 discount off the sales price of a $400,000 home, for example, will save the buyer about $60 a month on his or her mortgage payment. “So, The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.
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