Housing Wire

MARCH 15, 2024

You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

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.” I think, as a whole, the industry is reacting pretty favorably to this.

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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. Opendoor is not just changing real estate; it’s pushing the industry into the future,” Radhakrishna said in a statement.

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Technology Finance MLS Title 448

Housing Wire

NOVEMBER 12, 2024

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. CHEIFS is currently available in four states: Arizona , California , Florida and Pennsylvania. 31 of that year.

Equity 369

Equity Finance Mortgages Bankruptcy 369

Housing Wire

MARCH 6, 2024

The title insurance and settlement services industry directly generated $30 billion of U.S. economic impact of the title industry. ALTA noted that 90% of the title industry is made up by small businesses. The Lone Star State was also the state with the highest direct total economic activity from the industry at $3.7

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Title Industrial Land As-is 508

Housing Wire

JULY 30, 2024

San Diego-based Smartfi Home Loans , which primarily is active as a wholesale lender in the reverse mortgage space, will launch a retail division that offers reverse mortgage products and has hired industry veteran Paul Fiore as its president of retail sales. “I I absolutely knew that I wanted to remain in the reverse mortgage industry.

Industrial 448

Industrial Loan Officer Loans Lending 448

Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. As we heard from the leadership of NRMLA, there is so much opportunity for all of us to help realize that vision. Virtual counseling is also an option.

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Industrial Mortgages Finance Development 448

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.

Finance 435

Finance Mortgages Marketing Branding 435

Housing Wire

AUGUST 15, 2024

The secondary mortgage market provides billions of dollars in overall funding, making more credit available to borrowers nationwide to promote stable housing financing. As home prices rise and high interest rates persist, many Americans are delaying purchasing a home, believing they cannot afford it or that now is a bad time to buy.

Industrial 476

Industrial Fixed-rate mortgage Banks Loans 476

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% So, what exactly does this mean for the industry? in Q4 2023, the highest number we’ve seen since 2009. This is a true testament to the care, commitment and passion brokers across the country have for their borrowers.

Industrial 476

Industrial Loan Officer Marketing Loans 476

Housing Wire

SEPTEMBER 25, 2024

However, the industry is approaching this cycle with caution. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. The first thing we are hiring for is more recruiters.

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Industrial Mortgages Loan Officer Loans 459

Housing Wire

OCTOBER 9, 2024

In a recent episode of “The Loan Officer Podcast,“ hosts Dustin Owen and John Coleman sit down to expose common mortgage industry myths that can impact everyone from the media to recruiters and branch managers. The second myth addressed involves what they call the unnecessary adoption of 30-year mortgages in the housing industry.

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Industrial Mortgages Loan Officer Loans 434

Housing Wire

OCTOBER 31, 2024

A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. What the mortgage industry’s been told Despite widespread speculation and hints during company earnings calls, FICO has neither confirmed nor denied that cost increases on credit reporting will affect mortgage lenders in 2025.

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Industrial Mortgages Closing costs Lending 468

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The changes include updates to pricing for second homes, high-balance loans and cash-out refinances that were first announced in 2022.

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Debt-to-income ratio Industrial Mortgages Loans 541

Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. What happened There are so many reasons that homeowners may seek out a reverse mortgage: funding retirement , sending kids to college, financing large purchases during retirement and the list goes on.

Industrial 482

Industrial Mortgages Loans Lending 482

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 448

Industrial MLS FHA loan Agents 448

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

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Industrial MLS Brokerage Agents 476

Housing Wire

JUNE 14, 2024

Consumer and industry advocacy organizations — including the American Land Title Association (ALTA), National Consumer Law Center (NCLC), National Association of Realtors (NAR) and AARP — are sounding the alarm over a rising trend of elder real estate fraud and financial exploitation in a new jointly created issue brief released on Friday.

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Industrial Title Land Equity 459

Housing Wire

AUGUST 29, 2024

One element of WIFS that she highlights is that despite her involvement in an industry that often has reputational challenges , Hopkins says that other WIFS members have both embraced and supported her. But Hopkins saw an opportunity to do something larger, while including reverse mortgages in the conversation. “I That money is underground.

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Finance Mortgages Equity Development 448

Housing Wire

JANUARY 17, 2024

David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died. He added: “MBA and the entire industry will miss Dave’s voice, leadership, and friendship. Broeksmit described Stevens as “great mentor, boss, and friend.

Loan Officer 493

Loan Officer Finance Lending Industrial 493

Housing Wire

SEPTEMBER 19, 2024

Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident.

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Mortgages Lending Finance Industrial 493

Housing Wire

JANUARY 3, 2025

In response to drastic economic changes and environmental concerns, industries are quickly realizing the benefits of investing in sustainable practices that can positively impact their business operations. Over the next several decades, this will require our industry to invest in the development of truly recyclable building materials.

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Development Construction Finance Investor 435

Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

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Loans Finance Renovation Equity 529

Housing Wire

OCTOBER 18, 2024

Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. .

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital. “In

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Construction Development Loans Lending 459

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. Yet help might be on the way.

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Title Finance Loans Lending 476

Housing Wire

AUGUST 15, 2024

Industry veteran Thanh Roettele , who spent more than 28 years at JPMorgan and was the managing director of its mortgage warehouse finance business, is transitioning to Scotiabank. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic. finance business, according to a memo reviewed by Bloomberg.

Mortgages 448

Mortgages Banks Finance Lending 448

Housing Wire

OCTOBER 4, 2024

Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing. Challenges facing the industry The challenges identified by respondents highlight several areas of concern. Training agents on new business practices : 16% noted this as a concern.

Mortgages 459

Mortgages Marketing Brokerage Finance 459

Housing Wire

JULY 30, 2024

“Private mortgage insurance continues to help buyers qualify for financing and become homeowners with down payments as low as 3%, and remains one of the most important tools available to first-time and low- and moderate-income buyers in all market cycles,” USMI President Seth Appleton said in a statement. Mortgage Insurers (USMI).

Mortgages 459

Mortgages Finance Loans Industrial 459

Housing Wire

JANUARY 9, 2024

One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive prospect and is projected to become a more common necessity as the U.S. population grows older in the coming years.

Mortgages 518

Mortgages Equity Finance Industrial 518

Housing Wire

AUGUST 19, 2024

Since the 1940s, the DOJ has repeatedly sued the industry to introduce more price competition. Today, price competition has a chance because of their efforts and class action litigation, culminating in a jury decision against the industry. New industry rules prohibit mandatory offers of compensation through multiple listing services.

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Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

AUGUST 1, 2024

Despite this seminal understanding, the Federal Housing Finance Agency (FHFA) has proposed a significant change in the mortgage finance process that actually runs counter to the stated mission of the GSEs and potentially limits consumers’ access to affordable housing. homeownership. Of these consumers, 1.7 million to 2.8

Finance 448

Finance Loans Investor Mortgages 448

Housing Wire

OCTOBER 1, 2024

Inside Mortgage Finance ranked Rocket as the eighth-largest U.S. Rocket said that its recapture rate, which includes purchase and refinance loans, is at 85%, triple the industry average. It has built an MSR platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8 billion as of June 30.

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Closing Principal Loans Finance 434

Housing Wire

APRIL 30, 2024

In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage companies navigate market fluctuations and changing consumer behaviors. Click here to nominate someone.

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Loan Officer Technology Loans Finance 448

Housing Wire

SEPTEMBER 3, 2024

Kristen Sieffert, president of industry-leading lender Finance of America (FOA), said that a potentially new rate environment heightens reverse mortgage potential for new customers. As an industry, I hope we take advantage of lower rates across the board, and look to grow the industry and not simply recycle it.”

Mortgages 468

Mortgages Equity Finance Lending 468

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.

Construction 497

Construction Development Finance Mortgages 497

Housing Wire

DECEMBER 30, 2024

While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. But there are also new opportunities for the industry in 2025, and the eternally optimistic reverse mortgage industry is more than ready to embrace them.

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Mortgages Technology Loan Officer Industrial 397