Tampa, Florida, is the number one U.S. city for veterans seeking affordability, comfort, and opportunity. That’s according to a new survey from Veterans United Home Loans, which looked at the country’s 500 biggest metros to determine which offered the qualities most valued by veterans and their families. Behind Tampa were Rochester, MN.; Wichita Falls, TX;…
loanDepot introduced a new training resource for loan officers interested in expanding their knowledge of VA loans. The “VA Loan Officers Master Class” was designed to help LOs navigate the important and specialized world of veterans’ loans. VA loans offer huge benefits for America’s armed forces but can be difficult to close. Lenders working with…
Huge changes to Realtors’ commission structures may disadvantage VA buyers, at least in the short term. A $418 million settlement announced by the National Association of Realtors last week is set to have sweeping implications for the housing industry in general. If approved by a federal judge, it would undo NAR’s commission structure, which is…
By ERIN FLYNN JAY If you are looking for a home and don’t have 20% to put down, you are not alone. According to the National Association of Realtors, the typical down payment for first-time buyers is 8%. For repeat buyers, it’s 19%. And for 38% of first-time buyers, saving for a down payment was…
Better launched a fully digital zero-down VA loan program designed to expedite and simplify the buying process for veterans. Better Mortgage VA Loans offers home loans for up to 100% of the purchase price of a primary residence, with no down payment required. The company says they will be 40 bps cheaper than traditional VA…
Mortgage applications rose again despite rates moving slightly up last week. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – jumped 3.7%, adding to the week prior’s 10.4% spike. Adjusted purchase applications rose by 8%, while the unadjusted index increased by 3% and…
Delinquencies rose in November but remain historically low despite some worrying data about FHA and VA loans. That’s according to ICE’s First Look at November Mortgage Performance, which clocked delinquencies at 3.39% last month. This is down 10 bps YOY and remains 64 bps below pre-pandemic levels. Serious delinquencies– loans with missed payments more than…
By KIMBERLEY HAAS Veterans are encouraged to learn more about their home loan benefits after a national survey found that a majority of former service members do not know they are eligible for a zero-down payment plan. According to information from Realtor.com, just three out of 10 veterans know they can use their VA benefits…
Mortgage applications went up last week, benefitting from VA and FHA activity. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – increased by 0.9%, improving slightly after the week prior’s 4.4% decline. This week’s data includes an adjustment for the July 4th holiday….
Carrington Mortgage Services, a private non-bank lender, is adding assumable mortgages to its list of services. Assumable mortgages allow buyers to assume responsibility for a seller’s loan terms. This includes the current balance, interest rate, remaining term, and any other terms of the mortgage. “Carrington is committed to ensuring borrowers have every possible opportunity to…
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