Housing Wire

SEPTEMBER 25, 2024

Purchase loan applications saw more modest increases of 0.4% And the rate for Federal Housing Administration (FHA) loans dropped to 5.99%, “breaking the psychologically important 6% level,“ according Joel Kan, the MBA’s vice president and deputy chief economist. Rising home prices are reflected in larger loan sizes.

FHA loan 448

FHA loan Mortgages VA loan Fixed-rate mortgage 448

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. According to the MBA, the seasonally adjusted rate for residential property (one- to four-unit) delinquencies dropped to 3.92% at the end of September.

VA loan 370

VA loan FHA loan Mortgages Loans 370

Housing Wire

JANUARY 3, 2024

“The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months to come,” Kan added. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% from 15% the week prior.

Mortgages 461

Mortgages VA loan FHA loan Loans 461

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.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

JULY 17, 2024

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). In total, refinance loans accounted for 38.8% Mortgage applications increased 3.9%

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Housing Wire

MARCH 29, 2024

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. 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).

Mortgages 445

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Housing Wire

AUGUST 15, 2024

According to the Mortgage Bankers Association (MBA), the second-quarter 2024 delinquency rate for mortgages on one- to four-unit residential properties increased to 3.97% on a seasonally adjusted basis. Department of Veterans Affairs (VA) loans. higher relative to July 2023.

Mortgages 472

Mortgages VA loan FHA loan Staging 472

Housing Wire

MAY 25, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) marginally fell to 10.4% The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) also dropped slightly to 5.02% from 5.03% a year earlier. from 10.5%

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Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

JUNE 1, 2022

Purchase applications last week were 14% lower than last year, with more activity in the larger loan sizes, said Kan. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($642,000 or less) fell to 5.33% from 5.46% in the prior week. the prior week, and the VA loan share dropped to 10.2%

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Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As

Mortgages 448

Mortgages Equity VA loan FHA loan 448

Housing Wire

OCTOBER 6, 2023

But people need homes,” said Kenny Deen, senior account executive at the independent mortgage banker and residential home lender Paramount Residential Mortgage Group. ” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans.

Mortgages 493

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Housing Wire

JULY 19, 2022

New residential construction and permitting activity weakened from March through May, which reduced the number of homes available for home buyers, according to survey results. The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. Conventional loans accounted for 73.7% of loan applications.

Mortgages 370

Mortgages VA loan FHA loan Loans 370

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% That’s led to a significant decline in refinance activity, both for conventional and government loans. Purchase applications slightly increased, with both conventional and VA loan applications seeing gains,” said Kan. of total applications. from 10.4%.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages VA loan Loans 397

Housing Wire

MARCH 21, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. However, RESPA applies to a construction-to-permanent loan inside one bundle.

Agents 368

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Housing Wire

JUNE 8, 2022

The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,000) rose to 4.90% from 4.93%. year over year. . of total applications.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages VA loan Loans 418

Housing Wire

MAY 4, 2022

from the prior week, fueled by increased conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) loan-application volume. The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) jumped to 4.92 The seasonally adjusted purchase index rose 4.1%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages VA loan Loans 370

Housing Wire

AUGUST 26, 2024

Mike Roberts is about to make his first early payoff (EPO) penalty in two years after finding out that one of his clients refinanced a $355,000 loan with a 7.25% rate that Roberts closed in April. EPOs are intended to guarantee a minimum return for the investor or mortgage aggregator if a loan is paid off in the first few months.

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Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

FHA loan 397

FHA loan Mortgages Loan Officer VA loan 397

Housing Wire

NOVEMBER 4, 2020

The recently released report is the industry standard for nationwide fraud monitoring and analysis and draws on its proprietary Mortgage Fraud Consortium Database, which includes over 100 million loan files, The large drop in fraud risk can primarily be attributed to the increase in low-risk refinance transactions.

Mortgages 448

Mortgages VA loan Loans Lending 448

Housing Wire

DECEMBER 4, 2024

Certain borrower groups are especially vulnerable, including those with lower credit scores , higher debt-to-income ratios and those who opted for more affordable loan products. Walsh said that there’s a “big question mark” related to FHA loans, which recorded a 10.46% delinquency rate in Q3 2024, up from 9.5% next year,” Walsh said.

VA loan 305

VA loan Mortgages Debt-to-income ratio FHA loan 305

Housing Wire

SEPTEMBER 11, 2024

Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The average rate for jumbo loans (balances above $766,550) fell 17 bps to 6.56%. during the week ending Sept.

Loans 475

Loans Mortgages Residential Development 475

Housing Wire

NOVEMBER 8, 2024

Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Department of Veterans Affairs can still use their loan benefit when working with a buyer’s agent regardless of how their agent is being compensated. “So, as I look to 2025 and where we want to go, it is to stick to the basics.

VA loan 367

VA loan Commercial Staging Loans 367

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Department of Agriculture (USDA).

Mortgages 397

Mortgages Loans Lending Construction 397

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

VA loan 425

VA loan Principal Equity Residential 425

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). For context, Fannie Mae purchased a total of 1.151 million loans in 2022.

Title 366

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Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. This was a reversal of the previous week’s trend, when homebuyers’ loan demand increased by 5.3%. retail residential mortgage applications. Overall, mortgage applications fell last week by 8.8%

Mortgages 397

Mortgages Marketing Fixed-rate mortgage Loans 397

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 452

Industrial Technology VA loan FHA loan 452

Housing Wire

OCTOBER 24, 2022

The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Prestwick is marketing four separate deals, two in partnership with MCT, valued in total at $2 billion — which together also feature MSRs for single-family residential loan pools from all three agencies.

Principal 334

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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 The percentage of loans on which foreclosure actions were started in the first quarter remained unchanged at 0.14

VA loan 119

VA loan FHA loan Mortgages Loans 119

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

McKissock

JULY 30, 2021

Learn the de minimus threshold for commercial, residential, and business loans as well as the various other available appraisal exemptions. This job aid clarifies the frequent misunderstanding that FHA and VA loans as well as loans sold to Freddie Mac and Fannie Mae are not Federally Related Transactions.

VA loan 98

VA loan Residential Construction Commercial 98

HomeLight

JULY 31, 2022

Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. a reduction in “the interest rate on any pre-service loans to a maximum” of 6%. Home Loan program. The Department of Veterans Affairs (VA) offers a Home Loan program that “guarantees a percentage of the loan.”

VA loan 95

VA loan Purchase and sale agreement Short sale Pre-approval 95

Housing Wire

DECEMBER 6, 2024

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. Youll want some evergreen content you can pull from for your real estate newsletters.

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Realty Biz

OCTOBER 4, 2020

A study by American Student Assistance found that 55% of student loan holders said their debt is causing them to put off homeownership. Those student loans have no more effect on your ability to qualify for a mortgage than any other type of debt that you might have. Student loans count the same as a car loan or credit card.

Debt-to-income ratio 77

Debt-to-income ratio Loans VA loan FHA loan 77

RIS Media

JANUARY 3, 2021

Judy Crockett, real estate agent and certified residential specialist, states that “working with first-time buyers is challenging primarily because the buyers are typically younger, inexperienced and overwhelmed by the logistics of purchasing a new home.” ” Read on for six things you should know about first-time homebuyers.

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VA loan FHA loan Loans Staging 111

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

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VA loan FHA loan Mortgages Loans 75

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

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VA loan FHA loan Mortgages Loans 59