Housing Wire

DECEMBER 5, 2024

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. ” McCoy and his team will lead construction-to-permanent financing programs, which cover the construction of a home and the conversion to a traditional mortgage. .

Residential 392

Residential Construction Loans Mortgages 392

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Why is that important?

Loans 343

Loans Mortgages Equity Construction 343

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Bristol has a federal registration and has given the lender the flexibility to bring on loan officers who are not yet licensed. “Our goal is to be No.

Loans 370

Loans Mortgages Loan Officer Technology 370

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. PST on Oct. 31 or they’ll be declined. Condos are hard.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

OCTOBER 15, 2024

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. billion in home loan production. The company ranked No. 12 among the largest U.S. Garland added.

Lending 468

Lending Loan Officer Loans Finance 468

Housing Wire

FEBRUARY 4, 2025

Arrival Home Loans on Tuesday announced a partnership with zavvie a fintech company that specializes in bringing liquidity to residential real estate in an effort to enhance the homebuying experience for its customers. Arrival Home Loans, which is powered by Pacific Private Money Inc. produced a total volume of $52.5

Loans 334

Loans Loan Officer Finance Brokerage 334

Housing Wire

MARCH 27, 2025

“By covering these expenses, we’re creating a rising tide that lifts all boats consumers get more affordable mortgages, lenders reduce expenses and close loans faster, and our industry takes another step toward truly digital mortgages. . This is about fundamentally transforming how the mortgage ecosystem works together.”

Mortgages 391

Mortgages Loan Officer Technology Loans 391

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 221

Finance Loan Officer Loans Technology 221

Housing Wire

JANUARY 23, 2025

billion in total or as much as $1,692 per loan. billion in total or as much as $1,692 per loan. 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

Title 468

Title Land Loans Closing costs 468

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

JANUARY 31, 2025

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. John Porath “John’s leadership and ability to connect with loan officers will be instrumental in driving our core conviction of growth and success for the region.

Loans 341

Loans Loan Officer Construction Banks 341

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

OCTOBER 24, 2024

But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

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 335

Debt-to-income ratio Loan Officer Marketing Loans 335

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 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. The interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

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 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

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. This claim is misguided, oversimplifying a more complicated reality.

Finance 448

Finance Agents FHA loan Closing costs 448

Housing Wire

APRIL 22, 2025

This means empowering loan officers with the tools and training they need to serve todays buyersfast preapprovals, clear communication and seamless closings. Offer creative financing solutions Buyers need flexibility. In this market, a one-size-fits-all loan product certainly wont cut it.

Loan Officer 343

Loan Officer Finance Loans Mortgages 343

Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008.

Fixed-rate mortgage 397

Fixed-rate mortgage Loans Mortgages Finance 397

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

NOVEMBER 13, 2024

Black mortgage applicants are turned down more often than whites; Blacks are more likely to receive high-cost home loans than their white counterparts on similar properties, and houses in Black neighborhoods are less likely to be appraised at the same values compared to similar homes in white communities,” the report found.

Pre-approval 418

Pre-approval Mortgages Loans Finance 418

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

Construction 488

Construction Finance Development Marketing 488

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. To Coleman’s surprise, Owen says that one in four condo buyers use cash instead of financing.

Finance 448

Finance Agents Mortgages Loan Officer 448

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

AUGUST 22, 2024

A California bill that would allow home loans for illegal immigrants faces strong opposition from state Republicans. AB 1840 would prevent the California Dream For All Shared Appreciation Loan program from denying individuals based on their immigration status. Gavin Newsom to become law.

Loans 528

Loans Closing costs Finance Closing 528

Housing Wire

APRIL 14, 2025

Better Home & Finance Holding Co. billion in loan volume, up from $3 billion in 2023. The NEO Powered by Better program included the onboarding of 110 NEO Home Loans originators across 53 branches. Better is retiring $530 million of outstanding debt accruing interest at 1% annually and due in 2028.

Equity 345

Equity Loans Finance Investor 345

Housing Wire

APRIL 10, 2025

homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. Servicing portfolios are clogged with long-dated, low-yield loans that strain balance sheets. Unlike existing owners, these buyers have no low-rate loan to protect, no equity to leverage, and no fallback. And while U.S. Nearly two-thirds of U.S.

Design 286

Design Marketing Fixed-rate mortgage Finance 286

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

Mortgages 459

Mortgages Loan Officer Loans Technology 459

Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. ” Cardinal Financial’s non-QM suite will kick off with four loan products. . billion in non-QM loans through a proprietary product suite.

Loans 343

Loans Finance Investor Mortgages 343

Housing Wire

MARCH 24, 2025

“A loan-to-value ratio that is too high, either because of a limited down payment or an appraisal of the home that resets the value used to calculate this ratio, can also be a factor,” she said. The type of mortgage also plays a role, with jumbo and nonconventional loans facing higher rejection rates.

Debt-to-income ratio 332

Debt-to-income ratio FHA loan Mortgages Loans 332

Housing Wire

OCTOBER 28, 2024

Moreover, the older the loan, the more likely the borrower would refinance elsewhere. This increased refinance incentive, and mortgage applications reached their highest level in more than two years—surging by 11% according to the Mortgage Bankers Association in the week following the rate cut.

Loan Officer 435

Loan Officer Pre-approval Technology Loans 435

Housing Wire

MARCH 10, 2025

A reverse mortgage could have benefits for a qualifying borrower, but anyone considering these loans should also be mindful of the potential risks. This is according to nationally syndicated personal finance columnist Liz Weston in one of her latest pieces. If she moves out, she is required to sell the home.

Mortgages 329

Mortgages Equity Loans Finance 329

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

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

Construction 459

Construction Development Loans Lending 459