Housing Wire

MARCH 12, 2025

Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. Finance of America is making home equity a mainstream component of retirement planning and we remain confident in our strategic direction and the long-term value of the business.

Finance 394

Finance Equity Mortgages Closing 394

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.

Finance 417

Finance Lending Loans Banks 417

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.

As-is 370

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.

Finance 214

Finance Loan Officer Loans Technology 214

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 511

Finance Development Mortgages As-is 511

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

APRIL 25, 2025

Choi brings more than two decades of finance experience across tech and startup sectors to the CFO seat. MoxiWorks has appointed Chris Choi as its chief financial officer, the real estate software company announced this week.

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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.

Bankruptcy 424

Bankruptcy Finance Development As-is 424

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

APRIL 7, 2025

HousingWire reached out to representatives of both the Federal Housing Finance Agency (FHFA) and Fannie Mae for additional details, but did not receive an immediate response. According to reports from outlets including TechStory , HRKatha and the Times of India ,700 U.S.-based

Finance 542

Finance Loans As-is Mortgages 542

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.

Lending 468

Lending Loan Officer Loans Finance 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.

Finance 476

Finance Mortgages Loans Marketing 476

Housing Wire

MARCH 27, 2025

Edge Home Finance launched its Edge Loan Advisor platform in January 2025 that is powered by FinLocker. “The partnership between Edge Home Finance and FinLocker has been a tremendous success for our loan officers and the consumers they serve,” said Tom Ahles, chief growth officer at Edge Home Finance. ” .”

Mortgages 389

Mortgages Loan Officer Technology Loans 389

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 453

Finance Equity Agents As-is 453

Housing Wire

OCTOBER 22, 2024

The final product Real unveiled at RISE is Real Wallet , a financial platform designed to help agents control and manage their finances. Real Wallet is designed specifically for agents of the future, addressing a critical need by helping them better manage their finances and reinvest in their businesses,” Poleg said. “By and Canada.

Agents 435

Agents Brokerage Technology Staging 435

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.

Finance 418

Finance Banks Mortgages Loans 418

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.

Loans 396

Loans Mortgages Finance Lending 396

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.

Construction 497

Construction Development Finance Mortgages 497

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 426

Debt-to-income ratio Loans VA loan FHA loan 426

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 511

Construction Residential Sales Mortgages 511

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

Title 468

Title Land Loans Closing costs 468

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.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

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

APRIL 3, 2025

In mortgage finance and real estate , the only constant is change. From fluctuating interest rates and evolving regulations to technological disruptions and shifting consumer demands, mortgage leaders today face unprecedented volatility and complexity. This ongoing flux demands adaptive, resilient, and deeply principled leadership.

Mortgages 373

Mortgages Technology Industrial Finance 373

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.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

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.

Title 368

Title Residential Finance Land 368

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.

Mortgages 493

Mortgages Finance Sales As-is 493

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.

Debt-to-income ratio 332

Debt-to-income ratio Loan Officer Marketing Loans 332

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.

Finance 360

Finance Industrial Agents As-is 360

Housing Wire

APRIL 22, 2025

Offer creative financing solutions Buyers need flexibility. Lenders who bring a consultative, solution-oriented approach to financing will be the ones who thrive as the market continues to evolve. The average 30-year fixed mortgage rate sits around 6.8% after climbing above 7% earlier this year.

Loan Officer 341

Loan Officer Finance Loans Mortgages 341

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 364

Residential Lending Finance Banks 364

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.”

Brokerage 434

Brokerage Finance Investor Agents 434

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

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.

Development 431

Development Finance Equity Technology 431

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.

Investor 448

Investor New Construction Construction Loans 448