Housing Wire

JANUARY 30, 2025

Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Nominations are still open for the 2025 Finance Leaders award. As we gear up for the 2025 Finance Leader awards, his forward-thinking perspective offers a glimpse into the evolving role of finance leaders in real estate.

Finance 360

Finance Technology Property Management Branding 360

Housing Wire

DECEMBER 11, 2024

The Federal Housing Finance Agency (FHFA) recently announced plans to raise 2025 conforming loan limits to $806,500 for one-unit properties 5.2% Mortgage applications increased 5.4% on a seasonally adjusted basis during the week ending Dec. This could represent a glimmer of hope for mortgage lenders heading into 2025.

As-is 397

As-is VA loan Mortgages Loans 397

Housing Wire

JANUARY 6, 2025

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Gonzalez formerly served as Logan’s chief operating officer, a position she started in February 2024. Before joining Logan, Gonzalez served as president and COO at Panorama Mortgage Group.

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Finance Lending Loans Banks 415

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. An overdue shift in homeowner attitudes about selling their homes is a major factor, Redfin reported. The available inventory of existing homes rose by 22% year over year in Q3 2034.

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As-is Marketing Construction New Construction 370

Housing Wire

MARCH 12, 2025

This is AI meets modern home financing and its transforming the way people buy homes, Lane Hornung , co-founder and CEO of zavvie, said in a statement. This is AI meets modern home financing and its transforming the way people buy homes, Lane Hornung , co-founder and CEO of zavvie, said in a statement.

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Finance Loan Officer Loans Technology 202

Housing Wire

MARCH 17, 2025

Not wasting any time following his Senate confirmation last week, Federal Housing Finance Agency (FHFA) Director Bill Pulte made a series of major changes to the boards of government-sponsored enterprises Fannie Mae and Freddie Mac according to filings with the Securities and Exchange Commission (SEC). This is a developing story.

Finance 507

Finance Development Mortgages As-is 507

Housing Wire

MARCH 31, 2025

Mr. Cooper did about $23 billion in originations last year, according to Inside Mortgage Finance data. To help finance the transaction, Rocket is taking out a nearly $5 billion bridge loan through JPMorgan Chase (which itself is a top-3 mortgage servicer and warehouse lender). billion , is paying an equity value of $9.4

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

OCTOBER 18, 2024

Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). This could result in the local community banks and credit unions providing the financing, likely with maximum loan-to-value ratios of 80% or less.”

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

MARCH 10, 2025

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. billion in equity. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

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Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

OCTOBER 24, 2024

“I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

OCTOBER 15, 2024

That was down 18% year over year, per Inside Mortgage Finance estimates. It also must provide $7 million for a home loan subsidy program in majority-Black neighborhoods, and it must pay at least $1 million to serve the neighborhoods it redlined , according to the terms of the agreement released on Tuesday. The company ranked No.

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Lending Loan Officer Loans Mortgages 468

Housing Wire

OCTOBER 21, 2024

That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms of home purchase timelines and motivating factors, personal finance and their outlook for the U.S. It also shows up in their personal finances.

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Finance Mortgages Loans Marketing 476

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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Bankruptcy Finance Development As-is 398

Housing Wire

APRIL 1, 2025

Whats striking is that half of older boomers and two out of five younger boomers are purchasing homes entirely with cash, bypassing financing altogether. By contrast, more than 90% of buyers under age 44 financed their home purchases. Similar to millennials, they tended to purchase older homes compared to other age groups.

Finance 426

Finance Equity Agents As-is 426

Housing Wire

JANUARY 7, 2025

Credit reporting errors can have serious consequences for a familys finances, and it is critical that credit reporting giants follow the law. The lawsuit against Experian follows one filed by the CFPB against Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway.

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Finance Banks Mortgages Loans 418

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. They sell for just under $3 million.

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Construction Development Finance Mortgages 497

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.

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Loans Mortgages Finance Lending 396

Housing Wire

DECEMBER 18, 2024

As short-term interest rates decrease, some lending opportunities, such as land purchases and apartment financing, are improving. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. We will soon find out. percent (10.6

Construction 510

Construction Residential Sales Mortgages 510

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 has formerly held finance roles at I MG Worldwide , American Greetings , Nestle Waters , Readers Digest Association and Deloitte & Touche. He also serves as treasurer for the U.S.

Finance 370

Finance Commercial Development Technology 370

Housing Wire

MARCH 20, 2025

Hill is a veteran finance leader in the real estate industry. He currently serves as vice president of international finance and corporate financial planning and analysis at eXp Realty. where he also started his finance career as an intern. Cheng will remain in an advisory role until Aug.

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Finance Industrial Agents As-is 348

Housing Wire

JANUARY 23, 2025

The Federal Housing Finance Agency had previously estimated that the pilot could save consumers between $500 and $1,500 per transaction. Fannie Mae s title insurance pilot program could save borrowers up to $2.19 In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19

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Title Land Loans Closing costs 468

Housing Wire

OCTOBER 18, 2024

The process only takes 48 hours, after the buyer completes a virtual appraisal with Calque. “Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.” Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

NOVEMBER 15, 2024

But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing. While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters.

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Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

NOVEMBER 21, 2024

I discussed this on Yahoo Finance this morning. Traditionally, home prices soften in the second half of the year and I had counted on this for my price forecast , which predicted 2.33% home-price growth for 2024. However, that didn’t happen. The charts below show the key data lines from the NAR existing home sales report.

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Mortgages Finance Sales As-is 492

Housing Wire

FEBRUARY 3, 2025

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. We do a lot of the Fannie Mae affordable home financing too, he added.

Debt-to-income ratio 386

Debt-to-income ratio Loans VA loan FHA loan 386

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.”

Industrial 396

Industrial Mortgages Loans Finance 396

Housing Wire

OCTOBER 28, 2024

The firm has taken heat in recent months from its investors, who felt that the company’s finances were being mismanaged due to its continued losses in quarterly earnings. Douglas Elliman continues to shake up its leadership team. According to the filing, Durkin was “terminated, effectively immediately.”

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Brokerage Finance Investor Agents 432

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

NOVEMBER 12, 2024

The study analyzed DPA programs from more than 1,300 housing finance agencies, municipalities, nonprofits and other organizations. The study analyzed DPA programs from more than 1,300 housing finance agencies, municipalities, nonprofits and other organizations. A total of 29 down payment assistance programs were added in the U.S.

Mortgages 397

Mortgages Finance Loans Design 397

Housing Wire

MARCH 4, 2025

Passed in 2021, the CTA aims to combat financial crimes such as tax fraud, money laundering and terrorist financing by requiring certain businesses to file a BOI report with FinCEN. FinCEN began accepting BOI reports from new and existing companies in January 2024. This rule, which goes into effect Dec.

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Title Residential Finance Land 339

Housing Wire

MARCH 7, 2025

The measure would train bank tellers and other bank employees; investment brokers and advisers; and others dealing with the finances of older New Yorkers, in how to spot exploitation, Newsday reported. Kathy Hochul (D) wants to see her states Legislature address it more directly. The chapter issued a letter on Feb.

Banks 367

Banks Finance Technology As-is 367

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. Apollo has 16 lending platforms in the U.S.

Residential 357

Residential Lending Finance Banks 357

Housing Wire

OCTOBER 23, 2024

Before joining MBA, Vermeer served as chief financial and administrative officer for the Perkins School for the Blind in Massachusetts , where she managed legal, finance, accounting, investments and a $100 million budget. Vermeer brings more than 20 years of financial management experience to MBA’s leadership team.

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Development Finance Equity Technology 425

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Many first-time homebuyers are stretching their finances to the limit. ADU is a big requirement now.

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Debt-to-income ratio Loan Officer Marketing Loans 268

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. finds itself in a “troubling environment” for bolstering Black homeownership as evidenced by two key — and lagging — metrics.

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Pre-approval Mortgages Loans Finance 418

Housing Wire

MARCH 20, 2025

Christopher Stanley, a cybersecurity engineer who has ties to Musks SpaceX , was one of the people appointed to Fannie Maes board following a move by new Federal Housing Finance Agency (FHFA) Director Bill Pulte to dismiss multiple board members and install himself as chair. The news was first reported by Bloomberg.

Finance 390

Finance Design As-is Mortgages 390