Closing Costs on VA Loans Could Increase

Closing Costs on VA Loans Could Increase

Prospective homebuyers may be discouraged from buying a home if they do not have the money for a down payment, but military veterans can use VA loans to avoid putting money down. 

Frannie, Freddie Loan Limits to Increase to $1 Million

Frannie, Freddie Loan Limits to Increase to $1 Million

Government-sponsored enterprises (GSEs) include Fannie Mae and Freddie Mac, and these companies have an essential role in the housing market. They buy mortgage loans from private lenders and then sell them to investors. Mortgage loan securities are then sold again on a secondary market.

Refinancing Home Loans Down 31% from 2020

Refinancing Home Loans Down 31% from 2020

According to a survey published by the Mortgage Bankers Association (MBA) on Nov. 17, refinance mortgage loan applications declined 31% over the past year during the week ending November 12. Refinancing applications decreased by 5% from the previous week.

Mortgage Loan Delinquencies Declined in Q3

Mortgage Loan Delinquencies Declined in Q3

The third quarter of 2021 brought about mortgage loan delinquencies on one-to-four-unit residential properties down to 4.88 percent, according to the Mortgage Bankers Association's National Delinquency Survey.