Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

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Housing Wire

NOVEMBER 15, 2024

The promotion applies to select homes in various housing developments across multiple cities. Magnolia Ridge, one of the participating housing developments in the Greater Houston deal, is offering $7,500 to $7,500 off select homes , with a few of the homes seeing prices drop from $289,200 to $244,990 and $248,590 to $239,990.

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Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. AscentDS product offerings will include short-term loans to acquire, renovate or build single-family and multifamily properties, as well as post-completion bridge financing.

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Construction Development Loans Lending 459

Housing Wire

OCTOBER 23, 2024

I am driven to develop organizational cultures focused on customer service, competences, and skills. She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I

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Housing Wire

MARCH 6, 2025

Pierpoint has served NAR for nearly four decades, including serving as CFO and as a staff executive to NARs Finance Committee for 20 years. Cenedella previously held the roles of chief operating officer and treasurer for the Womens Tennis Association (WTA), where he was tasked with financial development and member relations.

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Finance Commercial Development Technology 370

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

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Finance Construction Loans Renovation 501

Housing Wire

OCTOBER 23, 2024

Department of the Treasury ’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. territories including Guam and Puerto Rico.

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Development Finance As-is Lending 482

Housing Wire

MARCH 21, 2025

announced that it had developed a new proprietary product called EquityIQ. Liberty is now poised to reenter the proprietary space against seasoned competitors Finance of America and its HomeSafe product suite, as well as Longbridge Financial and its Platinum line. Twelve years later, what was then known as Ocwen Financial Corp.

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Development Equity Investor Mortgages 207

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. Please be safe. The situation in Los Angeles is heartbreaking. Forbearance assistance typically lasts three to six months, but can be extended.”

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Industrial Mortgages Loans Finance 397

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. He had a particular focus on residential developers and homebuilders.

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Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Multifamily developments have been picking up with a very strong start.

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Residential Lending Finance Banks 364

Housing Wire

MAY 22, 2024

Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement.

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Lending Development Loan Officer Finance 447

Housing Wire

OCTOBER 25, 2024

Agency loans have limitations such as loan amounts, only allowing up to ten financed properties and they don’t accept five to nine units. Agency loans have limitations such as loan amounts, only allowing up to ten financed properties and they don’t accept five to nine units. Many investors prefer to close in the name of an LLC.

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Investor New Construction Construction Loans 448

Housing Wire

JULY 11, 2024

The latest annual report from The Counselors of Real Estate highlights 10 major issues expected to impact the housing industry in 2024, but developers are painfully familiar with at least two of them: labor shortages and skyrocketing capital costs. The result is a sharp increase in labor costs, and longer construction times.

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Development Construction Finance Investor 435

Housing Wire

FEBRUARY 11, 2025

Mortgage lending, small business loans, and investments in local development projects are all driven by local lenders who know their markets, live in their communities, and have a vested interest in the growth of their economies. The FHLBanks are also key players in affordable housing and community development initiatives.

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Lending Development Banks Loans 393

Housing Wire

NOVEMBER 13, 2024

This “underscores the urgent need for reforms to reshape the nation’s housing finance system so it can help the families that need it most,” NAREB stated. This development has “significant implications for the housing market.”

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Pre-approval Mortgages Loans Finance 418

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

OCTOBER 7, 2024

Freiha joins Opendoor after a three-year stint at Alphabet, where he started as Google ’s vice president of finance and oversaw commerce and payments before moving to capital allocations and planning. Prior to that, he spent 11 years at Intuit in product development roles. They’re both expected to begin work at Opendoor in November.

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Technology Finance MLS Title 448

Housing Wire

MARCH 4, 2025

The only state that is an outlier at the moment is Connecticut, where they excluded real estate finance transactions. Remote online notarization (RON) continues to stake its claim as a critical innovation for real estate professionals and homebuyers, opening the door for faster closings and largely eliminating the need for in-person meetings.

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Title Technology Industrial Development 406

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

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Lending Equity Banks Construction 270

Housing Wire

DECEMBER 12, 2024

Kessler also directed the implementation of several professional development several including the eight-month Texas Realtors Leadership Program. Kessler also directed the implementation of several professional development several including the eight-month Texas Realtors Leadership Program.

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Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

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Branding Equity Lending Finance 353

Housing Wire

NOVEMBER 12, 2024

Dan’s unique expertise positions him at the intersection of technology , asset management, and mortgage finance, perfectly aligning with our vision for the future. Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer.

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Technology Finance Mortgages Lending 370

Housing Wire

JANUARY 6, 2025

Department of Housing and Urban Development (HUD). Considering that the home is a central pillar of wealth for many Americans, including older homeowners, the concept of the tax biting into their finances is actively warding off some people from selling, according to CoreLogic chief economist Selma Hepp.

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Sales Equity Finance Development 397

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck. It noted that mortgage rate declines are expected to make a difference in Q3 results.

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Finance Mortgages Marketing Branding 435

Housing Wire

JULY 18, 2024

“Foreign capital is a major driver for real estate development around the world, but the US is still ill-equipped to deal with foreign investors. Miami -based startup Waltz Inc. launched on Wednesday to serve international investors in U.S. real estate with a fast, digital mortgage process. A digital U.S. residential real estate is low.

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Finance Investor Banks Residential 448

Housing Wire

APRIL 1, 2025

Among publicly traded companies, Compass has done technology development and implementation better than most of its peers. It develops tools that solve problems for its agents then uses media to share these innovations across the real estate sector and far beyond. By contrast, legacy brokerages did not perform nearly as well.

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Brokerage Technology Agents Development 320

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. With several top 10 reverse mortgage lenders now active in some form within the U.S.

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Investor Mortgages Bankruptcy Equity 370

Housing Wire

MARCH 5, 2025

8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. Shant Banosian, ranked the No. 1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. Victor Ciardelli will remain the CEO of Rate Companies.

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Loan Officer Loans Technology Mortgages 435

Housing Wire

JANUARY 21, 2025

Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Click here to nominate a Finance Leader. Simonelli a three-time Finance Leader honoree was recognized for her laser focus on accelerating Anywhere’s strategic progress and achieving exceptional financial results for the company.

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Finance Technology Industrial Development 369

Housing Wire

MARCH 6, 2025

All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA). Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. Additionally, three of them are on the same street.

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Renovation Investor Property Management Development 343

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% compared to July , reaching a seasonally adjusted annual rate of 675,000.

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Housing Wire

MARCH 21, 2025

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. One of the biggest housing stories so far this year is Rocket s pending acquisition of Redfin.

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Loan Officer Loans Mortgages Title 288

Housing Wire

OCTOBER 31, 2024

The Federal Housing Finance Agency (FHFA) on Thursday said it will aim to simplify the process of funding affordable housing projects through the Federal Home Loan Banks (FHLBanks). The advisory bulletin came in response to comments by sponsors that have called the process too cumbersome.

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Finance Banks Staging Loans 344

Housing Wire

MARCH 31, 2025

There’s the origination process, which is all of the financing, title closing, and then servicing, where they essentially develop a lifetime relationship. There is the potential for significant revenue growth depending on mortgage rates. And then there’s recapture, which allows for repeat transactions.

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Technology Mortgages Industrial Title 321

Housing Wire

AUGUST 29, 2024

In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services professionals who aim to “attract, develop and advance women in an underrepresented profession,” according to the WIFS National website.

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Finance Mortgages Equity Development 448

Housing Wire

DECEMBER 11, 2024

Department of Housing and Urban Development (HUD)s Office of Policy Development and Research recently published a report that more closely examines the housing needs of older Americans and the pain points that have exacerbated their needs stemming from a national housing crisis. population, on housing demand, according to the report.

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Finance Development Equity Banks 370