Housing Wire

NOVEMBER 4, 2020

In its annual Mortgage Fraud Report, CoreLogic found that the risk of mortgage fraud for the 12 months ending June 2020 decreased 26.3% Applications for investment properties showed the highest risk, while VA-based programs showed the lowest. Many VA borrowers are employed by the military, reducing income risk also.”.

Mortgages 448

Mortgages VA loan Loans Lending 448

Housing Wire

DECEMBER 4, 2024

After hitting a historic low point in 2023, mortgage delinquency rates have been climbing rapidly in recent quarters, particularly within the Federal Housing Administration (FHA) portfolio. ICE Mortgage Technology reported a national delinquency rate of 3.48% in September, up from 3.29% a year earlier. next year,” Walsh said.

VA loan 305

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

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

FHA loan 397

FHA loan Mortgages Loan Officer VA loan 397

Housing Wire

MARCH 3, 2022

As economic factors continue to affect borrowers and the risk of delinquency rises, mortgage servicers need to be proactive in helping borrowers navigate their situation and loss mitigation options. Borrowers now also have more time to defer their loan payments. Here’s how to proactively maintain fair lending. Presented by: ACES.

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VA loan Pre-approval Principal Loans 370

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market.

Mortgages 370

Mortgages VA loan Loans Technology 370

Housing Wire

JUNE 26, 2023

Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. 35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. The serious delinquency rate also decreased to 0.6%

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Housing Wire

MAY 12, 2022

An ebullient m ark et for mortgage-servicing rights (MSRs) helped to buoy the profitability of at least three major nonbank lenders that are publicly traded and abated losses for a fourth, based on their recently announced first-quarter financial results. the parent of United Wholesale Mortgage ; Rocket Companies Inc.,

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Sales Purchase and sale agreement Principal Loans 397

Housing Wire

MARCH 21, 2022

RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. Sponsorship of events can also be deemed illegal if the event is used for marketing or publicizing a real estate or mortgage company’s services. The loans that are exempt from RESPA. Loan for vacant land.

Agents 370

Agents VA loan Land Construction 370

Housing Wire

DECEMBER 3, 2020

Even when the inherited property is being used as a principal residence, if it is sold for $1 million more than the property’s taxable value, the property assessment will increase. For example, senior citizens don’t have to “succumb to a reverse mortgage” and can instead sell their home and retain equity, she said.

VA loan 431

VA loan Principal Equity Residential 431

Housing Wire

OCTOBER 24, 2022

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Tom Piercy, Managing director of Incenter Mortgage Advisors. billion — compared with $51.1

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Principal Banks Loans Mortgages 334

Housing Wire

OCTOBER 9, 2020

After a slight uptick the previous week, mortgages in active forbearance plummeted 18%, marking the first time since mid-April the total number of plans fell below 3 million, Black Knight said in a report on Friday. million homeowners remain in COVID-19-related forbearance plans, representing $614 billion in unpaid principal.

Loans 353

Loans Principal Equity Mortgages 353

Calculated Risk Real Estate

APRIL 1, 2024

seasonally adjusted annualized rate There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison. The results were bracing, to say the least.

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VA loan Mortgages Debt-to-income ratio Loans 117

HomeLight

DECEMBER 8, 2023

In today’s real estate market, with high mortgage interest rates and hesitant buyers, you might be pondering, “Is my mortgage assumable?” Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan.

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VA loan FHA loan Mortgages Loans 116

Realty Biz

AUGUST 30, 2022

Private mortgage insurance, also known as PMI, protects the lender in case the borrower defaults on their loan. On the other hand, some borrowers simply cannot buy a house without getting private mortgage insurance. If a borrower already has private mortgage insurance, there are ways for a borrower to stop paying for it.

VA loan 98

VA loan FHA loan Mortgages Principal 98

HomeLight

NOVEMBER 6, 2023

Skyrocketing mortgage interest rates can make homeownership seem like an elusive dream. For some home shoppers, there’s a potential solution: assumable mortgages. Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate.

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FHA loan VA loan Mortgages Marketing 111

HomeLight

NOVEMBER 20, 2023

Finding an assumable mortgage is like a dual treasure hunt. As a buyer, you will not only be looking for the right home at the right price, but you’ll also be on an expedition to discover if the seller’s loan is assumable. There are typically fewer fees involved when you do an assumable mortgage rather than a new origination.

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FHA loan Mortgages VA loan Loans 115

Point2Homes

DECEMBER 15, 2021

There are many types of mortgages for homebuyers to consider in the U.S. Assumable mortgages aren’t as common as others, but they can offer a wealth of benefits in the right circumstances. What Is an Assumable Mortgage? How Does an Assumable Mortgage Work? Are All Mortgage Types Assumable? Let’s find out more.

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Debt-to-income ratio VA loan Mortgages FHA loan 109

Realty Biz

APRIL 4, 2023

The US Department of Veterans Affairs offers all kinds of help to US military veterans, but one of the most helpful is certainly how vets looking to purchase a property can rely on the VA’s loan program to access highly affordable mortgage lending at attractive rates. What Are VA Loans?

Lending 81

Lending VA loan Mortgages Principal 81

Calculated Risk Real Estate

NOVEMBER 4, 2024

Here is the ICE November Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: Record Levels of Tappable Equity, Fed Rate Cuts Could Spur Resurgence in Home Equity Withdrawals As of the end of Q3 2024, U.S. mortgage holders held $17.2T mortgage holders held $17.2T mortgage holders held $17.2T

Mortgages 112

Mortgages Equity Staging VA loan 112

Lab Coat Agents

NOVEMBER 20, 2024

As a homebuyer, finding the right mortgage can significantly impact your overall financial health. Among the various financing options available, an assumable mortgage offers a unique solution that could lead to substantial savings. What Is An Assumable Mortgage ? How Do I Qualify for An Assumable Mortgage?

Mortgages 98

Mortgages Purchase and sale agreement Pre-approval VA loan 98

HomeLight

JUNE 22, 2023

All of these things are stressful and confusing, but you’d be surprised by how many people struggle with the mortgage process. And they need answers to their mortgage questions. As a first-time homebuyer, you’re likely among the 85% of buyers who will apply for a home mortgage instead of paying cash.

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Debt-to-income ratio Mortgages FHA loan Loans 98

HomeLight

JUNE 30, 2021

A zero-down-payment mortgage is a home loan that you can get without putting any money down — but only for specific loan types, and not every buyer and home will qualify. After speaking with the experts, we’ll walk you through your options and what you can expect from zero-down-payment mortgages and low-down-payment programs.

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VA loan FHA loan Mortgages Closing costs 94

HomeLight

MARCH 28, 2022

How much would your mortgage be? Ask yourself how much of the mortgage your housing allowance would realistically cover, and how much you’d have to take out of your paycheck — can you afford it? If you’re planning on using a VA loan, how does that impact affordability ? Sandee Payne. Real Estate Agent. Sandee Payne.

VA loan 104

VA loan Loans Debt-to-income ratio Closing costs 104

Redfin

SEPTEMBER 6, 2024

When it comes to finding the right balance between saving, spending, and investing, one of the biggest questions many people face is how much of their income should be allocated to their mortgage. In this article, we’ll explore recommendations and practical tips to help you determine a mortgage budget that works for you. Which is best?

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Debt-to-income ratio Mortgages VA loan Principal 69

HomeLight

AUGUST 28, 2020

If you’re buying a home, you probably already know you want to get the lowest mortgage rate possible. And you’ve also likely heard that mortgage rates are super low (and have been for years!) What, exactly, is a mortgage rate? Mortgage rates are relatively complex. Who sets mortgage interest rates?

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Mortgages Loans Fixed-rate mortgage Principal 104

Redfin

NOVEMBER 18, 2020

As a first-time homebuyer , you might be confused or even bewildered by the mortgage process and its many moving parts. Here’s what you need to know about what a mortgage is and how it works for all parties – when you peek behind the curtain, you’ll realize it’s just another tool for purchasing a home.

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Mortgages Principal Fixed-rate mortgage Loans 71

HomeLight

AUGUST 31, 2021

Landing a low-interest loan with minimal fees. Say a colleague just bought a new condo and scored an awesome rate on his loan. He swears it’s all thanks to the hard work of his mortgage broker. It’s a DIY world, and she secured her loan ( with an equally awesome rate ) by going direct through her bank.

Mortgages 97

Mortgages Closing costs Loans Banks 97

HomeLight

MAY 31, 2021

Are you at that point in life where homeownership makes sense — but the idea of paying a mortgage for the next 30 years feels terrifying? The world feels more unpredictable than ever, and while homeownership may still make sense, being weighed down with mortgage payments for 30 years isn’t always an attractive option. You’re not alone.

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Mortgages Principal Loans VA loan 81

HomeLight

AUGUST 31, 2021

We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. It offsets the amount you need to borrow for a mortgage. Or, you can choose not to increase your purchase price and simply enjoy cheaper mortgage payments. Mortgage insurance. USDA loans.

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FHA loan VA loan Loans Loan Officer 105

HomeLight

AUGUST 26, 2020

Picture this: You’ve been in your home for a few months, and lately, it seems like you’re getting more and more junk mail encouraging you to refinance your mortgage. The main reason to refinance your mortgage. Converting an adjustable-rate mortgage to a fixed-rate mortgage. Pay off your mortgage faster.

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Fixed-rate mortgage Equity Loans VA loan 144

Redfin

AUGUST 12, 2024

With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin or refinance your house in Miami , understanding the different mortgage types and key factors is essential. What is a mortgage? Here’s an overview of the main mortgage types: 1.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

HomeLight

JANUARY 31, 2022

You’re thinking about buying a house, but you aren’t sure what your mortgage loan (or monthly payment ) will look like. Still, to make your dream a reality, determining how to estimate a mortgage loan and how much you can spend is something you’re going to have to do. Source: (sarah b / Unsplash). as a down payment.

Loans 98

Loans Mortgages FHA loan Principal 98

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. No one daydreams about filling out mortgage applications, and the process is complicated because you have to keep track of so many details and make so many choices. Source: (Matthew Henry / Burst).

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Loans Mortgages Title FHA loan 98

Realty Biz

JUNE 15, 2022

A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. You Need a 20% Down Payment to Get a Mortgage.

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Debt-to-income ratio VA loan Fixed-rate mortgage Loans 98

HomeLight

NOVEMBER 10, 2021

An FHA loan , for example, requires a minimum of 3.5% A USDA home loan , which is available for rural and some suburban areas, might not require a minimum down payment at all. The same holds true for VA loans for military families. It’s generally equal to at least two months of potential mortgage payments.

Closing costs 116

Closing costs Loans Purchase and sale agreement Earnest money deposit 116

Realty Biz

MAY 19, 2022

Most people buy their homes with the assistance of mortgages or VA loans. Down payments can vary depending on the terms of your mortgage or loan, ranging anywhere from 5% to 20%. Do I qualify for a mortgage? Before you buy a home, you need to make sure you have enough money saved up.

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Purchase and sale agreement VA loan Loans Principal 91

HomeLight

JULY 7, 2022

We’ll break this affordability equation down into more detail later, but if you’re grossing $70,000, a monthly mortgage payment between $1,400 and $1,700 is probably where you’ll fit most comfortably. The simple rule of thumb I tell buyers is that, typically, 40% of your monthly payment is taxes, insurance, mortgage insurance, and so on.

Debt-to-income ratio 122

Debt-to-income ratio Closing costs FHA loan Loans 122