Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

VA loan 523

VA loan Agents Loans MLS 523

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. “VA loans are probably the best loans on the market.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

VA loan 418

VA loan Agents Pre-approval Debt-to-income ratio 418

Housing Wire

MARCH 27, 2024

Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. VA loans are probably the best loans on the market. They’ve earned the right to have that VA loan,” he added.

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VA loan Loans Principal Mortgages 476

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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VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

OCTOBER 25, 2024

As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict and eventual settlement from the National Association of Realtors (NAR), a top concern was how changes to the agent commission structure would impact veteran homebuyers.

VA loan 448

VA loan Purchase and sale agreement Loans Agents 448

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.

Mortgages 476

Mortgages VA loan FHA loan Loans 476

Housing Wire

DECEMBER 3, 2023

The more the industry can do to educate, and update, borrowers as to their equity positions, the better,” Walden said. in October, also a series high, while the average among FHA and VA loans hit 45.5% for FHA loans and 44.5% for VA loans. The average DTI among conventional mortgages reached 37.8%

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Equity VA loan FHA loan Mortgages 468

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 448

Lending Mortgages VA loan Finance 448

Housing Wire

MARCH 25, 2024

The current VA rule states that a borrower using a VA loan cannot pay fees or commissions to a real estate agent unless determined “by the Under Secretary for Benefits as appropriate for inclusion. as proper local variances, under current VA regulations.“ “We

Agents 468

Agents VA loan Loans Mortgages 468

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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VA loan Mortgages FHA loan Loans 458

Housing Wire

MARCH 24, 2023

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022.

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Fixed-rate mortgage VA loan FHA loan Loans 459

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%

Mortgages 501

Mortgages VA loan FHA loan Construction 501

Housing Wire

MAY 8, 2023

I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. Assuming a VA loan I have nothing but the utmost respect for everyone serving in the military. Veterans Affairs (VA) mortgage loans can be an excellent product for veterans.

VA loan 418

VA loan Mortgages Marketing Loans 418

Housing Wire

DECEMBER 23, 2021

The 15-basis point improvement continues to point to the effectiveness of initiatives taken by policy makers and industry participants over the pandemic period to help borrowers stay in their homes. have a GSE loan, 2.9% have FHA/VA loans, and 2.5% are portfolio held and privately securitized loans.

Mortgages 448

Mortgages VA loan Loans Industrial 448

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Government, FHA, and VA loans do not apply and the program is not available in 16 states, including New York, Massachusetts, and Rhode Island.

Closing 397

Closing Loans VA loan Mortgages 397

Housing Wire

JUNE 26, 2023

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week. 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.

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

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%).

Mortgages 454

Mortgages VA loan FHA loan Lending 454

Housing Wire

FEBRUARY 18, 2022

Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that building delays continue to impact the emergence of additional housing supply. By loan type, conventional loans made up 77% of loan application volume, while FHA l oans composed 13% of the applications.

VA loan 435

VA loan Loans Sales Mortgages 435

Housing Wire

JANUARY 26, 2022

Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans. Ribbit Capital led the financing, which also included participation from partners of DST Global , NFX and Zigg Capital. Refinancing is also not an option.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , Approximately 91% of the company’s volume last year consisted of purchase loans, with refis accounting for 5% and the remaining share coming from home equity lines of credit (HELOCs). Going forward, Better is focused on driving market share and reaching profitability in the medium term.

Loan Officer 459

Loan Officer VA loan Loans Technology 459

Real Trends

DECEMBER 14, 2022

In the housing industry, agents need to develop their own muscle memory reaction to changing circumstances, new obstacles and shifting markets in order to stay in the fight. Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. Vetted VA seeks to change that narrative.

VA loan 107

VA loan Loans Lending Loan Officer 107

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%

Mortgages 418

Mortgages VA loan FHA loan Loans 418

Housing Wire

JUNE 8, 2023

Fannie Mae dropped a bomb on the title insurance industry in April 2022, when it adjusted its selling guide to allow the purchase of loans using attorney opinion letters (AOLs). Is this a big deal or not a big deal for those of use in the title industry and the real estate industry generally?”

Title 369

Title VA loan Title search Commercial 369

Housing Wire

DECEMBER 15, 2023

In a statement, attorneys for the plaintiffs said many of the alleged deceived borrowers are veterans who had VA loans. According to the lawsuits, homeowners who skipped their payments – encouraged by the lenders’ staff – ended up paying added interest throughout the loans. ”

VA loan 345

VA loan Loans Mortgages Industrial 345

Housing Wire

AUGUST 7, 2023

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. This practice disproportionately affects minority first-time homebuyers.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

DECEMBER 4, 2023

There are multiple lawsuits challenging the prevailing structure of real estate agent commissions, and, as a result, there is no shortage of industry conversation on the topic. While the minimum down payment for FTHB on conventional financing stands at 3%, bearing agent commissions would effectively double this threshold in many instances.

Mortgages 468

Mortgages Agents Closing costs Finance 468

Housing Wire

JANUARY 26, 2024

My lawsuit wasn’t filed against individual Realtors; it was filed against the industry.” Name another industry out there where that happens. Lamacchia went on to ask Ketchmark how the rules could be so anti-competitive when the real estate industry is widely considered as highly competitive. That’s just wrong,” Ketchmark said.

MLS 468

MLS VA loan Agents As-is 468

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. It’s now fallen on an annual basis for the past three months. from 64.9%

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Loans Finance 397

Housing Wire

APRIL 5, 2023

Achieving digital optimization is a main priority for federal housing agencies, and it’s happening at a time when incorporating technology is becoming a crucial part of the entire industry. We believe that’s going to help us mitigate a lot of those issues you hear about in the industry,” Bell said. For the U.S.

Technology 396

Technology Loans Mortgages Industrial 396

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

MLS 488

MLS Loans Closing costs Industrial 488

Realty Biz

MAY 4, 2021

With younger homeowners grappling with increasing credit card and student loan debts, many of them are turning to external financing to achieve their homeownership dream. percent for 30 year fixed rate loans, according to Freddie Mac’s weekly roundup. In 2020, the number of homebuyers using VA loans increased by 11.9

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Finance VA loan Marketing Loans 87

Lab Coat Agents

MAY 21, 2024

In today’s rapidly evolving real estate market, assumable mortgages have emerged as a game-changer for homebuyers seeking to save money and secure favorable financing terms. Qualification Process: While buyers still need to qualify for an assumable mortgage, the process may be more streamlined compared to applying for a new loan.

VA loan 98

VA loan Mortgages Loans FHA loan 98

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. Quotes vary based on credit scores, points and other factors.

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

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Finance FHA loan Investor Loans 96

Housing Wire

SEPTEMBER 13, 2023

Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. New York-based mortgage platform Roam has secured a $1.25 million seed round, allowing the company to officially launch its services on Wednesday. Tech executive and investor Keith Rabois at venture capital firm Founders Fund led the capital injection.

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Mortgages Loans Banks Investor 459

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

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