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.”

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Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. REALITY: There is no limit.

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VA loan Loans Mortgages Lending 468

Housing Wire

FEBRUARY 10, 2025

Two key factors contribute to this disparity: a lack of knowledge about the VA benefits to which they are entitled, and a limited understanding among sellers and lenders of the strong buyer profile of VA loan borrowers. Its important to take a moment to look back at the history behind VA benefits. In 1944, the U.S.

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Industrial VA loan Lending Loans 204

Housing Wire

JULY 22, 2024

Since starting his career in the real estate industry more than five decades ago, Dave Liniger , the co-founder of RE/MAX , has seen and experienced quite a bit of change and innovation. If you look at the last 50 years of the real estate industry, the rules around residential transactions have become very complex.

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Industrial Technology VA loan FHA loan 458

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.

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VA loan Purchase and sale agreement Loans Agents 448

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

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

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

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers.

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Housing Wire

NOVEMBER 7, 2023

Unfortunately, too many veterans, as well as too many real estate professionals, don’t have the understanding they need to successfully utilize VA loans. He has two decades of industry experience, with stints at Prudential Real Estate , USAA , Wells Fargo , and Mutual of Omaha.

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Lending VA loan Loans Mortgages 422

Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. While I’m a fan of improving antiquated systems, I first wonder if the VA, the MBA, or Congress were open enough about the problems with the current system.

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VA loan Loans HR Due diligence 83

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.

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VA loan Agents Seller concession FHA loan 482

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, 2020

New home applications decreased 16% from October, said Joel Kan, MBA associate vice president of economic and industry forecasting. Conventional loans composed 71.8% of loan applications, FHA loans composed 16.8%, RHS/USDA loans composed 0.9 % and VA loans composed 10.4%.

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VA loan FHA loan Loans Residential 493

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

AUGUST 19, 2021

Marina Walsh, vice president of industry analysis at the MBA, noted that the recovery is being driven by several factors “including improved employment and other economic conditions, the availability of home retention workout options after forbearance, and a strong housing market that is bringing additional alternatives to distressed homeowners.”.

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VA loan Mortgages FHA loan Loans 459

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

NOVEMBER 7, 2024

Surveyed loan types include Federal Housing Administration (FHA) loans, U.S. Department of Veterans Affairs (VA) loans and conventional loans. FHA loans had the largest delinquency rate decrease in the third quarter, falling by 14 basis bps to 10.46%.

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VA loan FHA loan Mortgages Loans 370

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

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

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Lending Industrial Mortgages Loans 397

Housing Wire

JUNE 17, 2021

On a seasonally adjusted basis, the MBA also estimates new home sales fell at an annualized pace of 4% in May, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ?the and VA loans provided 10.4%.

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Sales VA loan FHA loan Loans 511

Housing Wire

SEPTEMBER 17, 2024

These lenders take advantage of the profit margins on VA loans to charge veterans inflated fees and higher interest rates. Patton Gade, National Director of Military Lending at UMortgage and 2023 Scotsman Guide #1 VA Loan Originator, says, “we can do better.

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Lending VA loan Loans Mortgages 435

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). Department of Veterans Affairs (VA) loans.

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VA loan Principal Residential Loans 448

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%

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Mortgages VA loan FHA loan Construction 501

Housing Wire

DECEMBER 6, 2024

Some popular real estate newsletter content includes: Market updates Featured listings Industry news Local news Community events Agent profiles Investment opportunities No matter what content you choose to include, your real estate newsletter should serve as a meaningful touchpoint that continuously builds your client relationships.

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Pre-approval Design Industrial Agents 397

Housing Wire

OCTOBER 19, 2021

The survey-high average loan size of $408,522 is evidence of higher sales prices from these higher costs, as well as the shift in new construction to larger, more expensive homes,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. and RHS/USDA loans made up the final 0.5%.

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VA loan FHA loan Mortgages Loans 435

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.

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VA loan Mortgages Marketing Loans 418

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. VA loans comprised 10.7%, increasing seven basis points.

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FHA loan Mortgages VA loan Fixed-rate mortgage 468

RIS Media

APRIL 28, 2023

VA loans can look very attractive if you are a veteran or in the military. Buyers need to know that VA loans have property condition… The post The Pros and Cons of VA Loans appeared first on RISMedia. Despite offering good terms, they might not be the best option for everyone.

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VA loan Loans Industrial Agents 130

Housing Wire

AUGUST 15, 2024

On an annualized basis, late-payment rates increased 35 bps for conventional loans, 165 bps for Federal Housing Administration (FHA) loans and 93 bps for U.S. Department of Veterans Affairs (VA) loans.

Mortgages 475

Mortgages VA loan FHA loan Staging 475

Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. VA loans consisted of 10.3% from the week prior.

Mortgages 459

Mortgages VA loan FHA loan Fixed-rate mortgage 459

Housing Wire

NOVEMBER 20, 2020

The number of conventional loans increased in October to 82% – up from 80% in September. Overall loan applications are down 9.3% FHA loans held steady at 10% between the two months, while VA loan numbers dropped from 6% to 5%. from September. In February, 30-year rates sat at an average of 3.86%.

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Closing FHA loan Mortgages VA loan 468

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.

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Mortgages VA loan Loans Industrial 448

Housing Wire

JUNE 25, 2024

Giving the company the “staff the agency needs to fulfill its responsibilities” will allow it to “focus on its core mission, including marketing Ginnie Mae securities to global investors and conducting oversight of the 300-plus companies that issue Ginnie Mae securities backed by FHA, RHS, and VA loans,” the letter read. Of the $24.6

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Mortgages VA loan FHA loan Loans 391

Housing Wire

MAY 25, 2022

“The 30-year fixed rate declined for the second straight week to 5.46% but remains well above what borrowers were used to over the past two years,” Joel Kan, associate vice president of economic and industry forecasting at MBA said, in a statement. and the Veterans Affairs (VA) loans fell to 10.4% of total applications.

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Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. In other words, they don’t know that their FHA or VA loan can be attached to the home sale when they sell it. As a result, the industry hasn’t been trained on the ins and outs of the assumptions. Raunaq Singh About $8.5 Included in that total were nearly $1.5

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VA loan Mortgages Loans Agents 468

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

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Loan Officer Mortgages VA loan Lending 448

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%).

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Mortgages VA loan FHA loan Lending 455