Veterans are missing out on billions in VA loan benefits
A new Veterans United Home Loans analysis found that more than 58,000 VA loans went unused in 2024 — representing nearly $28 billion in potential mortgage volume.
VA Loan
Auto Added by WPeMatico
Optimal Blue: Rate-and-term refis soar 70% in August
Borrowers rushed to refinance in August as mortgage rates eased, pushing rate-and-term lock volume up 70% from July, according to Optimal Blue’s Mortgage Market Advantage report.
VA’s John Bell III stepping into new role at Office of Mission Support
Patrick Zondervan, who has been at the VA for nearly 25 years, succeeds Bell as the executive director for the Loan Guaranty Service.
NAR: Homebuyers still have down payment misconceptions
One of the most persistent misconceptions among aspiring homeowners is that a 20% down payment is required to buy a home.
House passes bill to give VA borrowers a partial mortgage claim option
The House passed a bill by voice vote, with begrudging bipartisan support, that offers veterans a partial claim option for VA home loans.
Loan officers are seeing an uptick in FHA, VA demand
Loan officers are seeing increase demand for government mortgages, and if rates go lower, there could be a wave of refinances to follow.
Mortgage applications for new homes are 9% higher than a year ago
MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.
Conforming mortgage share hit record low in December
At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December.
Better introduces VA refi loan with no appraisal or closing costs
New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs.