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

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. Borrowers can repay the loan early without penalty.

Equity 458

Equity Loans Debt-to-income ratio Renovation 458

Housing Wire

DECEMBER 11, 2024

Data at HousingWire ‘s Mortgage Rates Center showed an average rate of 6.85% for 30-year conforming loans on Wednesday, a slight decrease from the week ending Dec. Government loan activity saw a slight jump. Department of Veterans Affairs (VA) loans followed suit, jumping 270 bps to 16.3% of all applications.

As-is 396

As-is VA loan Mortgages Loans 396

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. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

Finance 445

Finance Residential Investor Lending 445

Housing Wire

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. 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 393

Loans Mortgages Finance Lending 393

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. It was not specified how many employees nor which specific divisions were impacted.

Finance 480

Finance Sales Equity Mortgages 480

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. Ultimately, the new ceiling loan limit for one-unit properties will be $1,209,750. The new limit reflects a 5.2%

Loans 435

Loans Finance Mortgages Banks 435

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). The 203(k) offering has two separate programs. Updates have been made to both variations.

Loans 447

Loans Renovation Principal Finance 447

Housing Wire

AUGUST 12, 2024

The share of piggybacked Federal Housing Administration (FHA) home purchase loans rose by more than seven percentage points from June 2022 to June 2024, going from 10.8% for conventional purchase loans backed by Fannie Mae and Freddie Mac. for conventional purchase loans backed by Fannie Mae and Freddie Mac.

Loans 476

Loans FHA loan Equity Closing costs 476

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

JULY 15, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. Rocket claims that its home equity loans are clear to close in an average of 15 days. “There’s a ton of demand when it comes to looking for cash out.

Equity 448

Equity Loans Mortgages Finance 448

Housing Wire

JANUARY 6, 2025

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Logan offers a range of non-QM products, including DSCR, AUS jumbo and bank statement loans. Gonzalez formerly served as Logan’s chief operating officer, a position she started in February 2024.

Finance 410

Finance Lending Loans Banks 410

Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. Workforce housing was first exempted from the caps last year.

Loans 459

Loans Finance Mortgages Marketing 459

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. Home prices increased by an average of 4.3%

FHA loan 370

FHA loan Loans Finance Lending 370

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. The product, which rolled out on Tuesday, combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. Unison has more than $1.8

Equity 428

Equity Loans Finance Mortgages 428

Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. According to Inside Mortgage Finance , Planet Home Lending ranked as the 22nd-largest mortgage lender in the U.S. Executives at Planet Home Lending were also on the call.

Lending 468

Lending Loans Mortgages Finance 468

Housing Wire

JULY 18, 2024

” Foreign investors can purchase or refinance property through Waltz for a loan-to-value ratio of up to 70%. Loans are asset based and rely on the cash flow of the property rather than the borrower’s personal income. Miami -based startup Waltz Inc. launched on Wednesday to serve international investors in U.S.

Finance 446

Finance Investor Banks Residential 446

Housing Wire

MARCH 3, 2024

A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade. Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

Loans 514

Loans Debt-to-income ratio Lending Banks 514

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Loan details needing attention are routed to a professional for a better borrower experience.

Loans 432

Loans Investor Closing Lending 432

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 377

Residential Construction Loans Mortgages 377

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 295

Loans Mortgages Equity Construction 295

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

NOVEMBER 14, 2024

The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report. Fannie and Freddie are also legally mandated to follow housing goals that “serve as benchmarks for measuring how the GSEs facilitate the financing of affordable housing for low-income families,” the report stated.

Loans 536

Loans Finance Mortgages Development 536

Housing Wire

AUGUST 29, 2024

Echoing some of what other lenders have said about the increasingly-emerging opportunity presented by HECM for Purchase, Hopkins was able to speak with authority since those loans make up a majority of her pipeline. “My But Hopkins saw an opportunity to do something larger, while including reverse mortgages in the conversation. “I

Finance 447

Finance Mortgages Equity Development 447

Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

Mortgages 488

Mortgages Finance Equity Loans 488

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 Mortgages 468

Housing Wire

SEPTEMBER 17, 2024

former Federal Housing Financing Agency (FHFA) director Mark Calabria made the argument that a larger credit box has caused the government-sponsored enterprises (GSEs) to take on far more risk than they should be. DTIs on Fannie- and Freddie-backed loans have also risen, he said. Calabria disagreed. It sure as hell does.

Debt-to-income ratio 431

Debt-to-income ratio Loans Lending Finance 431

Housing Wire

AUGUST 1, 2024

That’s according to survey results released Thursday by Veterans United Home Loans, which show that 60% of prospective buyers are taking the election into account. When asked if they feel better about their finances compared to one year ago, 63% of veterans and 59% of civilians said yes. According to data from the U.S.

VA loan 508

VA loan Loans Finance Mortgages 508

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , The product is available for qualified borrowers with an existing FHA loan who are looking to lower their monthly mortgage payment, reduce their interest rate, shorten their loan term or get out of an adjustable-rate mortgage (ARM), the company explained.

FHA loan 448

FHA loan Loans Closing costs Finance 448

Housing Wire

APRIL 24, 2024

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Christopher Gallo has been noted as a top-producing loan originator, at one point being Scotsman Guide ‘s fourth-ranked LO in the country. billion in loans between 2018 and October 2023, according to the DOJ.

Mortgages 543

Mortgages Loans Banks Finance 543

Housing Wire

MAY 21, 2024

This increased flow of funds appears to be driven by strengthening macro factors that favor residential mortgages over other yield assets such as commercial real estate (CRE) and commercial (C&I) loans. These strong fund flows are resulting in tighter credit spreads, higher prices, and an increased focus on sourcing new originations.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

FEBRUARY 5, 2024

Effective March 1, the credit will be available for homebuyers earning 50% of area median income (AMI) or less through Freddie Mac’s Home Possible and Housing Finance Agency (HFA) Advantage mortgage products. The credit will be effective for whole loans purchased on or after March 1, 2024 until Feb.

Mortgages 526

Mortgages Closing costs Finance Loans 526

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

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD.

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

OCTOBER 22, 2024

The FHA’s 203(k) rehabilitation mortgage program currently has a requirement that “when a repair is considered ‘major,’ it becomes ineligible to be financed” as part of the 203(k) limited option, ”if the repairs prevent the borrower from occupying the property for more than 15 days.”

Inspection 468

Inspection Loans Finance Mortgages 468

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. billion have been securitized in the private-label market, “of which $4.5

Equity 490

Equity Loans Investor Mortgages 490

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