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

Keeping Current Matters

NOVEMBER 10, 2023

VA home loans can help people who served our country become homeowners.

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VA loan Loans 344

Keeping Current Matters

MAY 27, 2024

For over 80 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes.

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VA loan Loans 335

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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VA loan Agents Loans MLS 523

Keeping Current Matters

NOVEMBER 9, 2023

For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes.

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VA loan Loans 346

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. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

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

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

NOVEMBER 16, 2020

VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs. Only homebuyers who are military veterans, current military members or their spouses can qualify for a VA loan. Like VA loans, USDA loans require no down payment. Minimum down payment: Zero.

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VA loan FHA loan Mortgages Loans 501

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.

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VA loan Loans Brokerage MLS 523

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

Keeping Current Matters

NOVEMBER 11, 2024

For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership.

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VA loan Loans 305

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. VA loans are probably the best loans on the market.

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VA loan Loans Principal Mortgages 476

Housing Wire

SEPTEMBER 1, 2020

VA loans may need protection now more than ever as a recent report on Department of Veterans Affairs data revealed VA loans rose 114% through the first three quarters of fiscal year 2020 compared to the same period last year.

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VA loan Mortgages Loans Principal 498

Housing Wire

DECEMBER 3, 2023

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. Lenders have responded by tightening credit requirements and the average credit score among conventional, FHA and VA loans. and 44.4%, respectively.

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Equity VA loan FHA loan Mortgages 468

Keeping Current Matters

NOVEMBER 10, 2022

For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own.

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VA loan Loans 304

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%

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VA loan Agents Seller concession FHA loan 482

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.”

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VA loan Purchase and sale agreement Loans Agents 447

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. “After adjusting for the Memorial Day holiday, both purchase and refinance application volumes were down, with purchase activity specifically 13% below last year’s level.” Fratantoni noted that government purchase volume was down less, aided by growth in U.S. the previous week.

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VA loan Mortgages Fixed-rate mortgage Loans 467

Housing Wire

JANUARY 10, 2024

The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 16.3%, up from 14.6% Department of Agriculture (USDA) loan activity decreased to 0.4% Meanwhile, refinance applications were 19% higher than a year ago. from 14.5%

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Mortgages VA loan FHA loan Loans 511

Housing Wire

OCTOBER 11, 2023

The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct. This represents a 3.2%

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Loans VA loan Finance Mortgages 468

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.

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VA loan Loans Banks Mortgages 475

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.

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VA loan FHA loan Loans Mortgages 474

Housing Wire

MARCH 29, 2022

Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. This marks a notable dip in originations from 2020, a record-breaking year in which VA lenders pumped out approximately $427 billion in VA loans.

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VA loan FHA loan Loans Banks 367

Housing Wire

MARCH 22, 2023

The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year ago, while the share of mortgaged sales using VA loans rose to 7.5% Detroit saw the highest share of FHA loans at 29.5% a year prior.

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VA loan FHA loan Loans Mortgages 435

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. Throughout his career, Smith had the opportunity to train over 228,000 real estate agents and consumers on the benefits of VA mortgage products.

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Lending VA loan Loans Mortgages 399

Housing Wire

OCTOBER 2, 2020

GSE and portfolio/private loans experienced stronger declines having each fallen by 10%, with a more modest 4% decline among FHA/VA loans, the report said. loans still in active forbearance, more than 75% have had their terms extended at some point since March, the report said.

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Loans VA loan Principal Mortgages 508

Housing Wire

JANUARY 5, 2021

FHA loans are insured by the government and are easier to qualify for than a conventional loan which makes them an attractive option for prospective homeowners with limited savings and lower credit scores. What type of loan: VA & USDA loan. 0% down payments.

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FHA loan VA loan Loans Mortgages 546

Housing Wire

SEPTEMBER 23, 2024

mortgage products, and with Bryan on our team, we are poised to become the premier home loan provider for the servicemembers and Veterans of the Armed Forces,” Bianchi said in a statement Mortgage tech platform Modex shows that VA loans accounted for about 12% of the company’s mortgage origination volume over the past 12 months.

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VA loan Lending Loans Loan Officer 448

Housing Wire

JULY 3, 2024

Federal Housing Administration (FHA) loans accounted for 13.1% Department of Veterans Affairs (VA) loans saw their share decline from 13.8% Department of Agriculture (USDA) loans receded to a share of 0.3%. And adjustable-rate mortgages (ARMs) declined to 6% of all application activity. to 12.9%, while U.S.

VA loan 434

VA loan FHA loan Mortgages Loans 434

Housing Wire

FEBRUARY 6, 2024

The fees are typically lower than those of new loans and no appraisal is needed. Hampered by numerous hurdles To begin with, assumptions are limited to FHA and VA loans, with rare allowances for U.S. Fannie Mae and Freddie Mac loans, which represent nearly two-thirds of the mortgage market, cannot be assumed.

Mortgages 474

Mortgages VA loan Loans Closing 474

Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. VA loans comprised 10.6%, decreasing one basis point. Meanwhile, FHA loans went from 9.9% rise in conventional applications offset a 1.6%

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VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

DECEMBER 3, 2024

Per FICO’s press release, the Montana-based company collaborated with the VA to confirm acceptance of FICO Score 10 T ahead of the widespread transition as required by the Federal Housing Finance Agency (FHFA). Cardinal claims to be one of the first lenders to adopt FICO 10 T for its nonconforming loans.

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VA loan Mortgages Loans Lending 394

Housing Wire

OCTOBER 12, 2023

While conforming loans still made up the majority of production at 57% in September, conforming volumes trended well below pandemic levels, according to the report. FHA and VA loan production both gained in activity share to 20.6% Rates for FHA loans averaged 7.18%, VA loans were 7% and jumbo loans were 7.6%.

VA loan 447

VA loan Mortgages FHA loan Loans 447

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%.

VA loan 368

VA loan FHA loan Mortgages Loans 368

Housing Wire

AUGUST 19, 2021

While the delinquency rates for FHA and VA loans also tumbled from the previous quarter to 12.77% (decline of 190 bps) and 6.47% (115 bps decline), respectively.

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VA loan Mortgages FHA loan Loans 459

Housing Wire

DECEMBER 13, 2023

The UWM’s discounted rates apply to the FHA Streamline program, which offers a simplified refinance process with reduced documentation requirements on Federal Housing Administration (FHA) loans. ” Top wholesale lenders have launched new initiatives to boost production at the end of 2023.

Loans 476

Loans VA loan FHA loan Mortgages 476

Housing Wire

DECEMBER 6, 2023

The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5% The share of Department of Veterans Affairs (VA) loan activity was 12.8%, up from 12.6% Department of Agriculture (USDA) loan activity remained unchanged at 0.5%. of total applications, down from 8.1% the week prior.

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VA loan Mortgages FHA loan Fixed-rate mortgage 521