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). One Florida mortgage broker said the Provident exit gave him “a feeling that we will see other major lenders exiting the condominium market in Florida.

Mortgages 524

Mortgages Marketing Lending Finance 524

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 363

Finance Technology Property Management Branding 363

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. I discussed this on Yahoo Finance this morning. However, that didn’t happen. million in October.

Mortgages 493

Mortgages Finance Sales As-is 493

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. But mortgage rates have posted an unusually large decline in the past week. Mortgage pricing should be down a tad today, he said. This would be a clear headwind to any further rate cuts.

Mortgages 481

Mortgages Sales Finance Closing 481

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

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. Recently, the “lock-in effect” has kept homeowners with historically low-rate mortgages from selling, but this effect is easing. million units. The sales pace was down 3.5%

As-is 370

As-is Marketing Construction New Construction 370

Housing Wire

MARCH 7, 2025

This gives us a glimpse of what may happen over the next 10 months for mortgage rates, especially since, since Jan. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed. I recently discussed this in an interview with Yahoo Finance.

Mortgages 397

Mortgages Marketing Residential Construction 397

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. 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.

Loans 396

Loans Mortgages Finance Lending 396

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The refinance index decreased 26% from the previous week and was 111% higher than the same week one year ago.

Mortgages 521

Mortgages Loans As-is Marketing 521

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. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

JANUARY 10, 2025

Representatives from lenders and servicers, as well as individual originators, have told HousingWire s Reverse Mortgage Daily (RMD) that its imperative for borrowers to let their servicer know about anything that could impact the occupancy of their property due to the terms of Federal Housing Administration (FHA)-backed reverse mortgages.

Industrial 396

Industrial Mortgages Loans Finance 396

Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. That’s one out of every six mortgages in America. Cooper, will be president and CEO of Rocket Mortgage, reporting to Krishna.

Finance 468

Finance Title Mortgages Equity 468

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. Every leader operates from core beliefs, consciously or subconsciously.

Mortgages 323

Mortgages Technology Industrial Finance 323

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 509

Finance Development Mortgages As-is 509

Housing Wire

DECEMBER 23, 2024

Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. And some reverse-only companies have aimed to establish firmer ties with the much larger forward mortgage industry. People are talking and want to hear more.

Lending 396

Lending Mortgages Industrial Finance 396

Housing Wire

MARCH 27, 2025

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. This is about fundamentally transforming how the mortgage ecosystem works together.” ”

Mortgages 290

Mortgages Loan Officer Technology Loans 290

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

OCTOBER 31, 2024

By at least one measurement, affordability is improving for prospective homebuyers, even as home prices continue to rise and mortgage credit availability remains relatively low. According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applicants declined by 0.8%

FHA loan 447

FHA loan Mortgages Loans As-is 447

Housing Wire

JANUARY 14, 2025

Mortgage rates continued their ascent this week after Fridays jobs report showed that employers added more positions than expected in December, which is likely to cement a pause on interest rate cuts by the Federal Reserve later this month. This is also the highest rate since June 2024. Economic activity is robust.

Mortgages 418

Mortgages Banks Loans As-is 418

Housing Wire

OCTOBER 30, 2024

Lower mortgage rates in September had a measurable impact on home sales. Pending home sales data is the latest sign that falling mortgage rates in August and September boosted home sales. Pending home sales data is the latest sign that falling mortgage rates in August and September boosted home sales. compared to August and 2.6%

Sales 476

Sales Mortgages As-is Finance 476

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages 370

Mortgages Equity Lending Design 370

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. ” Russell Petty, the founder of North Carolina -based Willow (formerly Grow Mortgage), said he expects to do $1 billion in origination volume in 2025.

Loans 370

Loans Mortgages Loan Officer Technology 370

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 296

Mortgages Equity Loans Finance 296

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 204

Finance Loan Officer Loans Technology 204

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. The agreement, which was submitted for court approval, requires the Madison, Wisconsin-based mortgage lender to pay a $1.9

Lending 468

Lending Loan Officer Loans Mortgages 468

Housing Wire

MARCH 14, 2025

The mortgage professional of the future goes beyond the transaction. Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators.

Mortgages 358

Mortgages Loan Officer Marketing Loans 358

Housing Wire

MARCH 24, 2025

Mortgage denial rates vary significantly across the U.S., Three Southern states recorded the nations highest mortgage denial rates in 2023, the trade group reported in its Snapshot of Race and Home Buying in America. Realtor.com chief economist Danielle Hale explained that a range of financial factors contribute to mortgage denials.

Debt-to-income ratio 302

Debt-to-income ratio FHA loan Mortgages Loans 302

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

DECEMBER 5, 2024

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial.

Residential 389

Residential Construction Loans Mortgages 389

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

OCTOBER 29, 2024

Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. The monthly payment on the median-priced U.S.

Mortgages 447

Mortgages Equity Loans Marketing 447

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

DECEMBER 18, 2024

Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects. As short-term interest rates decrease, some lending opportunities, such as land purchases and apartment financing, are improving. If mortgage rates hadn’t dropped from 7.5% percent (10.6

Construction 510

Construction Residential Sales Mortgages 510

Housing Wire

JANUARY 20, 2025

This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill. When will that be? I have no idea.

Sales 397

Sales Mortgages Staging Fixed-rate mortgage 397

Housing Wire

JANUARY 17, 2025

Florida-based non-QM lender A&D Mortgage announced Friday that it has acquired the wholesale and nondelegated correspondent lending businesses of Mr. Cooper Group. We took a very careful and measured approach to finding a potential partner to grow our QM business, Max Slyusarchuk , CEO of A&D Mortgage, said in a statement.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., The bulk of the tasks that are required to process a mortgage are going to be performed by AI bots over the next 10 years,” Garg said in an interview with HousingWire. the parent of digital lender Better , reported a net loss of $54.1 By comparison, the company lost $41.4 million in Q3 2023.

Mortgages 370

Mortgages Loan Officer Loans Technology 370

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