Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated. In 2020, 3.82

VA loan 397

VA loan Loans Lending Finance 397

Housing Wire

FEBRUARY 13, 2025

Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue ‘s January 2025 Market Advantage mortgage data report released Thursday. Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged.

VA loan 332

VA loan FHA loan Mortgages Loans 332

Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

FHA loan 367

FHA loan VA loan Mortgages Loans 367

Housing Wire

DECEMBER 11, 2024

In addition to lower rates, purchase activity continues to be supported by sustained housing demand and inventory that continues to grow gradually in many markets,” Kan added. Government loan activity saw a slight jump. Department of Veterans Affairs (VA) loans followed suit, jumping 270 bps to 16.3%

As-is 397

As-is VA loan Mortgages Loans 397

Housing Wire

APRIL 8, 2025

A strong wave of refinance activity and renewed buyer interest lifted mortgage rate lock volumes in March, according to Optimal Blues latest Market Advantage report. These loans, including jumbo and non-qualified mortgage offerings, accounted for 16.8% of total lock volume.

Loans 341

Loans Debt-to-income ratio VA loan FHA loan 341

Housing Wire

APRIL 2, 2025

Roam gives Americans the tools to save themselves from the increasing disconnect between what families can afford and what the median home sells for in this market. Assumable mortgages let buyers take over a sellers loan, with Federal Housing Administration (FHA) and Veterans Affairs (VA) loans about one-third of all U.S.

Mortgages 329

Mortgages VA loan Loans Closing 329

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.

Loans 468

Loans VA loan Mortgages Lending 468

Housing Wire

MAY 21, 2024

Michelle Corridon, deputy policy director at the VA, announced at the Mortgage Bankers Association ‘s Secondary & Capital Markets Conference in New York that the circular would be issued between now and June 12. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA. “As

VA loan 523

VA loan Agents Loans MLS 523

Housing Wire

APRIL 18, 2025

By product type, conventional loans composed 49.0% of loan applications, FHA loans composed 37.0%, RHS/ USDA loans composed 0.9% and VA loans composed 13%. The average loan size for new homes decreased from $397,516 in February to $381,921 in March.

VA loan 214

VA loan FHA loan Mortgages Loans 214

Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August. The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5%

VA loan 521

VA loan Mortgages FHA loan Fixed-rate mortgage 521

Housing Wire

NOVEMBER 4, 2024

By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. They will continue to charge the highest price the market will bear, and leave buyers with an added up-front cost. High housing prices are caused by a housing shortage.

Debt-to-income ratio 321

Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

JULY 10, 2024

Signs of a “stagnant late-spring housing market“ emerged in June as U.S. That’s a key takeaway from the June 2024 Market Advantage report released Wednesday by Optimal Blue. Conforming loans comprised 55.9% Nonconforming loans and U.S. The report, which covers the 20 largest U.S. and 11.7%, respectively.

VA loan 433

VA loan Marketing Loans Mortgages 433

Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. In 2018-2019, total housing market inventory was in the range between 1.52

Marketing 511

Marketing VA loan FHA loan Loans 511

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. ” The VA also clarified that veterans can still ask sellers to cover these fees. ” The circular is effective Aug.

VA loan 523

VA loan Loans Brokerage MLS 523

Housing Wire

FEBRUARY 12, 2025

The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week. The average loan size for a purchase application increased to its highest level since March 2022 at $456,100, partially driven by fewer FHA purchase applications but more VA loans compared to the previous week.

Fixed-rate mortgage 289

Fixed-rate mortgage Mortgages VA loan Loans 289

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

VA loan 418

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

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.

VA loan 83

VA loan Loans HR Due diligence 83

Housing Wire

NOVEMBER 19, 2021

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The VA said it had taken note of increased market demand in a “seller’s market,” in a notice explaining the increases. “As

Marketing 482

Marketing VA loan Finance Loans 482

Housing Wire

JUNE 20, 2024

As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. Despite the state’s tight inventory, the housing market is not as hot as one might expect. Despite the state’s tight inventory, the housing market is not as hot as one might expect. You are seeing a more conservative aggression.

Agents 448

Agents Marketing VA loan FHA loan 448

Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans. in October, also a series high, while the average among FHA and VA loans hit 45.5% for FHA loans and 44.5%

Equity 468

Equity VA loan FHA loan Mortgages 468

Housing Wire

MAY 8, 2023

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 loans can be assumed by anyone, and the new borrower assumes those benefits. You do not have to be a veteran to assume a VA loan.

VA loan 418

VA loan Mortgages Marketing Loans 418

Housing Wire

APRIL 23, 2025

From January to March, Mr. Cooper’s servicing portfolio delivered $214 million in pretax income, including $82 million in mark-to-market. Customers have an average FICO score of 736, and loan-to-value ratios averaged 52%. Cooper had 6.5 million servicing customers in the first quarter. ” Mr. .”

VA loan 319

VA loan Equity Loans Mortgages 319

Housing Wire

OCTOBER 25, 2024

Department of Veterans Affairs (VA) would be disadvantaged. Previously, under VA policy, although a veteran was allowed to use a buyer broker to purchase a home using their VA loan benefit, they could “not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

VA loan 448

VA loan Purchase and sale agreement Loans Agents 448

Housing Wire

DECEMBER 22, 2021

17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The overall market composite index dipped 31.9% That marks the second-highest amount ever, indicating more activity in the higher end of the market. . in the period.

Mortgages 418

Mortgages VA loan FHA loan Fixed-rate mortgage 418

Housing Wire

JUNE 5, 2024

On an unadjusted basis, the MBA’s market composite index decreased 16% compared with the prior week as mortgage rates remain firmly above 7% and home prices continue to remain near record levels. Department of Veterans Affairs (VA) loan applications. Mortgage applications dropped 5.2% of total applications, down from 31.3%

VA loan 480

VA loan Mortgages Fixed-rate mortgage Loans 480

Housing Wire

FEBRUARY 12, 2024

Meanwhile, an easing of the inventory shortage foreshadows the possible return of a stable housing market. Lock volume increased by 36% between December and January, driven by a 38% seasonal increase in purchase lock volume, according to Optimal Blue ’s Originations Market Monitor report. and the VA share dropping to 11.7%

VA loan 435

VA loan Marketing Loans Mortgages 435

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%

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

NOVEMBER 10, 2023

In September, government-insured FHA loans represented a little over 15% of U.S. Meanwhile, military VA loans represented 6.3% Conventional loans remain the most common type of mortgage, making up over 75% of all loans. In cities with a notable military presence, VA loans have high usage.

FHA loan 468

FHA loan VA loan Mortgages Loans 468

Housing Wire

APRIL 24, 2025

The VAs Trial Payment Plan (TPP), which allows borrowers to demonstrate their ability to make a modified monthly payment, will be allowed to continue through Aug. Servicers must report the completion status of TPPs in the VA Loan Electronic Reporting Interface (VALERI) by Aug. 31, the circular explained.

Industrial 292

Industrial Mortgages VA loan Loans 292

Housing Wire

MARCH 27, 2024

But the VA’s current policies place veterans at a “significant disadvantage” compared to other buyers, NAR President Kevin Sears said in a letter submitted Wednesday to John Bell, executive director of VA’s Loan Guaranty Service. The VA didn’t immediately respond to HousingWire’s request for comment.

VA loan 476

VA loan Loans Principal Mortgages 476

Housing Wire

JULY 26, 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 explained.

VA loan 476

VA loan Loans Banks Mortgages 476

Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

VA loan 471

VA loan Mortgages FHA loan Loans 471

Housing Wire

MARCH 22, 2023

Redfin attributed the drop in down payment amount and percentage to the slower housing market , lower home prices, and higher housing costs due to rising mortgage rates. The less competitive market has also resulted in more buyers using FHA and VA loans. Detroit saw the highest share of FHA loans at 29.5%

VA loan 435

VA loan FHA loan Loans Mortgages 435

Housing Wire

AUGUST 7, 2024

The average rate for jumbo loans (balances above $766,550) fell 30 bps to 6.77%. “As As a result of lower rates, refinance applications increased across all loan types, particularly for VA loans, and were almost 60% higher than it was at this time last year and at its highest level in two years,” Kan said.

VA loan 476

VA loan FHA loan Loans Mortgages 476

Housing Wire

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages 417

Mortgages Title Lending Loans 417

Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. percentage points in market share, albeit with a setback in 2023. The number of listings in San Diego fell 50.5%

Marketing 459

Marketing VA loan Days on market Loans 459

Housing Wire

AUGUST 1, 2024

Americans are considering the potential impacts of political changes on the economy and housing market, leading many to adjust their buying timelines accordingly.” Veterans United Home Loans is a full-service lender based in Columbia, Missouri. Each of these numbers are higher than a year ago. According to data from the U.S.

VA loan 508

VA loan Loans Finance Mortgages 508