The Department of Veterans Affairs issued a news release this week trumpeting the continued growth of the VA Loan Guaranty program. The agency backed just under 360,000 loans last year, a 14-percent increase from FY10 and a whopping 168-percent increase since FY07.
From the category archives:
Loans
Free H.A.R.P 2.0 Class – All Hype? Or a Big Help?
So, I asked a bunch of Loan Officers to post their HARP questions on www.facebook.com/mortgagecurrencty and there were so many, that I ended up doing a free class with a HARP expert–who has first-hand street creds because he also originates these types of loans. Here’s a few of the things that you’ll learn” Overview of
How Do I Choose My FHA 203K Lender?
Choosing a FHA 203K Lender Why Is 203K Lender Selection Important? What Should Potential FHA 203K Clients Look For?
Riding a Refinance Wave, VA Loan Volume Up 14% in FY11
Riding a wave of new refinance loans, the VA home loan program experienced a record year in Fiscal 2011, guaranteeing nearly 360,000 loans, according to data provided by the Department of Veterans Affairs.
Bill Would Open VA Loans to More Surviving Military Spouses
A House bill passed this week would increase access to the VA home loan program for surviving spouses of permanently disabled veterans. Dubbed the Disabled Veterans’ Surviving Spouses Home Loans Act, the proposed legislation would eliminate the requirement that only spouses of veterans whose death is attributed to a service-connected disability may qualify for a VA
Benefits Of The USDA Rural Housing Mortgage Program
The USDA (United States Department of Agriculture) mortgage program was created for low income families looking to buy a home in rural areas.
USDA Loans Possibly Headed for Wave of Defaults
There are bubbling concerns that USDA loans, of all places, could be the next mortgage product to collapse. An audit released recently revealed that thousands of these low-cost rural home loans might be headed for default, compromised by poor oversight and the same type of lending practices that triggered the subprime mortgage meltdown
VA County Loan Limits Set For FY 2011
Stasis is the story when it comes to conventional loan limits in 2011. The county loan limits for VA loans established in late 2008 will remain in place through Sept.
Your Credit Report vs. Your Mortgage License–Heads Up!
So, what’s “wrong” about the way loan officers have to be licensed? ..first you pay all that money, spend all that time getting your license and only AFTER you’ve done that…will they pull a credit report…too see if you can continue doing loans. I’ve heard of loan officers who are “on probation” because …
Mortgage Lending Increases on Wave of Government-Backed Loans
Government loans have snatched up significant market share in the last three years.
VA Loans Getting Tougher to Secure
VA loans remain one of the safest and most powerful lending options on the market for military borrowers.
Vets Have Options When Facing Foreclosure
The government wants to keep those who served from losing their homes. VA loans already have the lowest foreclosure rate of any loan product going, according to the Department of Veterans Affairs. The agency has an array of avenues for veterans and active duty military to consider when facing the prospect of losing their home.