Housing Wire

FEBRUARY 3, 2025

In April 2023, federal auditors were confounded by $3 million in unexplained variances in HACMs balances, and the prior finance team came up with nothing after an investigation lasting nearly two years. But HACM recently appointed Brad Leak to its finance team, moving to make him the CFO last month.

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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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Finance Seller concession Loan Officer Loans 482

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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Housing Wire

APRIL 3, 2025

In mortgage finance and real estate , the only constant is change. Developing your leadership tenets isn’t about adding complexity; it’s about simplifying and clarifying how decisions get made, how challenges are handled, and how opportunities are pursued. Encourage reflection on personal and professional motivations.

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Mortgages Technology Industrial Finance 377

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

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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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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Finance Residential Investor Lending 448

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 448

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 394

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 221

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

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

DECEMBER 20, 2024

The states business-friendly regulations and tax policies have led to rapid population growth in recent years, including an estimated 16,000-person inflow from 2020 to 2022 alone. But as the states population has grown, its housing supply which was already beginning to tighten more than a decade ago has failed to keep pace. Its a big deal.

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Construction Land Development New Construction 434

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

APRIL 3, 2025

Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies.

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Marketing Branding Equity Finance 300

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 408

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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Development Industrial Finance As-is 370

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 307

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

APRIL 10, 2025

policymakers scramble for answers, countries abroad have already developed and deployed practical solutions. homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. The 30-year fixed-rate mortgage is a cornerstone of American housing finance, but it wasnt built for flexibility. And while U.S.

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Design Marketing Fixed-rate mortgage Finance 286

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

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 344

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

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 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 356

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

APRIL 24, 2025

Ravi Jani Ravi brings a unique combination of strategic finance expertise and an investors perspective at a pivotal moment in Reals trajectory, said Tamir Poleg , chairman and CEO of Real. The Real Brokerage has named Ravi Jani as its new chief financial officer. Real has reached an exciting inflection point, Jani said in a statement.

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Brokerage Investor Banks Finance 341

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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As-is Sales New Construction MLS 511

Housing Wire

FEBRUARY 13, 2025

The state-based LIHTC program, administered by the Wisconsin Housing and Economic Development Authority (WHEDA), authorizes up to $42 million per year in income tax credits. The credits go to owners and investors that develop or rehabilitate low-to-moderate-income housing, the reporting explained. The bill’s co-sponsors, Rep.

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Development Finance Investor As-is 293

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 335

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