article thumbnail

Rocket’s Varun Krishna thinks Redfin deal can expand opportunities for broker network

Housing Wire

” Shared brand values Rocket’s year to date has been marked by a series of changes in the company’s outreach and branding. “We think we can create a stronger overall brand by really optimizing the interaction between these brands.”

Branding 418
article thumbnail

Fairway’s Steve Jacobson is ’focused on speed’ as he builds company culture

Housing Wire

To open the conversation, Sanchez asks Jacobson to explain how Fairway harnesses the power of positive recommendations to boost production for the company’s loan officers. Jacobson explains that Fairway prioritizes employee free speech and inclusivity that competing brands may not have. The people that work will grow.”

As-is 447
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Pennymac is navigating the double-edged sword of lower rates

Housing Wire

It can improve loan production and acquisitions but hurt their servicing portfolios. In total, loan acquisitions and originations had an unpaid principal balance (UPB) of $31.7 The company’s refinance recapture rate is 52% for government loans and 34% for conventional loans. “We million from July to September.

Principal 435
article thumbnail

Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers.

Loans 426
article thumbnail

As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts

Housing Wire

Finance of America has a significant Southern California community of employees, partners, and borrowers, so this is close to home, said Ashley Smith, the company’s senior vice president of brand communications. “Assistance options may include postponement of monthly payments, repayment plans, or loan modifications.

article thumbnail

Newrez parent Rithm Capital posts 57% profit growth in 2024

Housing Wire

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. In total, its funded loan volume jumped from $8.9 Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier.

Loans 398
article thumbnail

Pennymac the latest lender to raise conforming loan limits

Housing Wire

Pennymac followed the tracks of Rocket Pro TPO and United Wholesale Mortgage in raising conforming loan limits ahead of the Federal Housing Finance Agency ‘s (FHFA) decision to do so in November. Official 2023 conforming loan limit changes will be determined by the FHFA announcement, she added.

Loans 435