Fixed-rate mortgage Lending VA loan 
Housing Wire
JUNE 5, 2024
Department of Veterans Affairs (VA) loan applications. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. The refinance share of mortgage activity decreased to 31.1% And the VA share of total applications increased from 12% to 12.1%
Housing Wire
AUGUST 7, 2023
The financial incentives are simply not there for mortgage companies that want to do more minority lending; therefore, it shouldn’t be a surprise that most banks and mortgage lenders do just enough minority lending to stay out of regulatory trouble but secretly have no desire to do much beyond that.
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Housing Wire
MARCH 31, 2021
HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production, who shared how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown. The post Mortgage applications fall for fourth week appeared first on HousingWire. Presented by: Angel Oak.
Housing Wire
MAY 5, 2022
and the adjustable-rate mortgage share remained unchanged at 9.3% of total applications, according to the Mortgage Bankers Association. The MBA found that purchase applications increased for conventional, FHA, and VA loans — all up 4% this week from the previous week. Refi applications dropped to 33.9%
Housing Wire
MAY 3, 2023
The MBA survey shows the average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.50% last week from 6.55% the prior week. Rates on jumbo loans (greater than $726,200) decreased to 6.37% from 6.40% on a weekly basis. the previous week.
HomeLight
NOVEMBER 6, 2023
This means that a qualified buyer can take over the existing FHA loan, subject to lender approval. You will need to qualify for traditional FHA loan requirements, such as having a credit score of at least 580 and being able to make a minimum down payment of 3.5%. VA funding fee.
HomeLight
NOVEMBER 20, 2023
Instead of securing a new mortgage with higher rates, a buyer can assume the home seller’s existing interest rate, principal balance, repayment period, and other terms of the lending agreement. “A A lot of people right now are concerned about interest rates,” says Broesamle. down payment.
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