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. Prior to that, he spent 11 years at Intuit in product development roles. Prior to that, he worked in similar roles with eBay.

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Technology Finance MLS Title 448

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

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Branding Equity Lending Finance 342

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely.

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Finance Investor Banks Residential 448

Housing Wire

DECEMBER 20, 2024

The lack of affordable housing also makes it more challenging for folks who are the caregivers , whether they are paid help or family, to be close enough to their loved ones or the ones they are caring for. There is a real risk we may see reduced growth in economic development in the state, which has many ramifications.

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Construction Land Development New Construction 433

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. The Peak variation also updated seasoning requirements for Platinum-to-Platinum or proprietary-to-Platinum to 24 months, from one closing date to the next.

Mortgages 304

Mortgages Principal Loans Equity 304

Housing Wire

MARCH 4, 2025

Remote online notarization (RON) continues to stake its claim as a critical innovation for real estate professionals and homebuyers, opening the door for faster closings and largely eliminating the need for in-person meetings. The only state that is an outlier at the moment is Connecticut, where they excluded real estate finance transactions.

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Title Technology Industrial Development 396

Housing Wire

JUNE 1, 2022

One avenue to reduce cost and streamline the closing process is to offer digital closings. Lenders and title agents also reported they can close more loans faster with the same or fewer people, and improve overall loan quality by reducing critical errors, avoiding missed signatures and unnecessary rework.

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Closing Title Loans Technology 435

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

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Lending Technology Title Development 304

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

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Lending Equity Banks Construction 257

Housing Wire

JANUARY 30, 2025

If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. To close the conversation, Davis explores Deephaven’s focus on home equity and new construction products in 2025. For example, 30% of purchase transactions were new construction last year.

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New Construction Construction Marketing Investor 306

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk.

Finance 370

Finance Equity Mortgages Principal 370

Housing Wire

DECEMBER 11, 2024

Department of Housing and Urban Development (HUD)s Office of Policy Development and Research recently published a report that more closely examines the housing needs of older Americans and the pain points that have exacerbated their needs stemming from a national housing crisis.

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Finance Development Equity Banks 370

Housing Wire

NOVEMBER 14, 2024

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. With several top 10 reverse mortgage lenders now active in some form within the U.S.

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Investor Mortgages Bankruptcy Equity 370

Housing Wire

MARCH 31, 2025

The deal, which is expected to close in the fourth quarter of 2025, integrates the largest servicer in the country into Rockets flywheel. There’s the origination process, which is all of the financing, title closing, and then servicing, where they essentially develop a lifetime relationship.

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Technology Mortgages Industrial Title 301

Housing Wire

AUGUST 7, 2023

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. 1 answer has been, “They understand my borrowers and know how to close my loans.”

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Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

MARCH 5, 2025

8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans. There are multiple offers in a lot of the markets, with competitive bidding wars and people willing to close quick and waive contingency.

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Loan Officer Loans Technology Mortgages 435

Housing Wire

OCTOBER 24, 2024

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Their work is done, and it’s up to the receiving agent to serve the client and close the deal. What are the benefits of referrals? Choose your moment!

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Agents Closing As-is Industrial 431

Housing Wire

MARCH 21, 2025

.’ In a presentation for investors , Rocket outlined how its acquisition of Redfin will help the company create a more seamless and affordable way for consumers to transact real estate, showing how it will take consumers from the home search phase all the way through title and closing. But Zillow has that recognizable consumer brand.

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Loan Officer Loans Mortgages Title 277

Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). FHFA Director Sandra Thompson lauded the development in a statement accompanying the report.

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Banks Loans Development Finance 459

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads.

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Closing Mortgages Industrial Loan Officer 459

Housing Wire

SEPTEMBER 13, 2021

Alanna McCargo, senior advisor at the Department of Housing and Urban Development , has been picked by the Biden administration to head Ginnie Mae. The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017.

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Finance Development Investor Industrial 481

Housing Wire

APRIL 16, 2025

Patty LaRocco, a veteran New York City real estate broker, has joined Compass after departing Douglas Elliman , where she was one of the firms top-performing agents in new development and residential sales. LaRoccos client roster has included figures from the finance industry, celebrities and other prominent individuals.

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Residential Finance Development Sales 235

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development. million in volume in 2023, according to RealTrends Verified data.

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Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

NOVEMBER 4, 2024

These are homes that will generally close in November and December. But they’re back up to 7% now, so maybe this strength is fleeting and will evaporate as we close out the year. One thing that I find fascinating is that even though mortgage rates have jumped back up close to 7%, we haven’t yet seen a slowdown in the sales volume.

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Sales Staging Mortgages Closing 396

Housing Wire

SEPTEMBER 10, 2022

The SPCP, called “closing the gap,” permits a 1% down payment with a free appraisal, free home warranty program, free homebuying counseling and financial assistance with closing costs. The SPCP loan program will be piloted in Atlanta, Baltimore, Chicago, Detroit, Memphis and Philadelphia.

Loans 448

Loans Development Closing costs Finance 448

Housing Wire

APRIL 12, 2022

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. This creates a disjointed system where policies overlap and can be redundant.

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Finance Development Construction Equity 418

Housing Wire

FEBRUARY 25, 2025

The reverse mortgage industry in 2025 could be defined by two key developments: continuing efforts to establish partnerships with the forward mortgage industry, as well as the development of proprietary reverse mortgage products that could be the future of the industry. Closed-end second product HomeSafe Second is an example, he said.

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Development Loans Equity Industrial 203

Housing Wire

JUNE 30, 2022

The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties. FGMC claims that loans in the pipeline will be closed and funded, under existing terms and conditions, due to a debtor-in-possession financing and potential partners.

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Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. “But agent commissions have never been a closing cost from a buyer perspective. points from the 7.5%

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VA loan Agents Seller concession FHA loan 482

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Industrial Seller concession Purchase and sale agreement Agents 514

BAM Media

OCTOBER 22, 2024

Real RISE 2024 kicks off today, October 22nd, with some exciting new developments in AI and fintech for real estate agents who’ve joined (or will join) the brokerage. Last Friday, October 18, Real President Sharran Srivatsaa gave the closing presentation at our own in-person event, BAM Mania. and Canada.

Brokerage 98

Brokerage Development Branding Technology 98

Housing Wire

OCTOBER 23, 2024

Chicago-based Rate was the eighth-largest mortgage lender in the country during the first half of 2024, according to estimates from Inside Mortgage Finance. Do you closely analyze your competitors on major projects like this and, if so, what have you learned in this instance? Additionally, with Prajna Inc. ’s

Mortgages 435

Mortgages Technology Loans Development 435

Housing Wire

OCTOBER 6, 2021

Third-party homeownership education providers will still have to be aligned with the National Industry Standards for Homeownership Education and Counseling or with the Department of Housing and Urban Development Housing Counseling Program, if it is not a HUD-approved counseling agency.

Finance 497

Finance Loans Mortgages Development 497

Housing Wire

SEPTEMBER 23, 2021

A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of loans without proper documentation.

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Loans Closing Mortgages Development 103

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Equity Loans Investor Mortgages 492

Housing Wire

FEBRUARY 27, 2025

In the modern mortgage market , mortgage rates are close to 7%, and the gig economy has pushed some borrowers away from trying to qualify for conventional mortgages. Acra Lending will only continue to evolve as its internal team manages a significant share of the companys technology development efforts in the future.

Lending 264

Lending Technology Loans Mortgages 264

Housing Wire

MAY 1, 2024

This has led to the development of policies by state and local housing finance agencies to aim assistance specifically at this group, particularly for “mortgage eligibility or down payment and closing costs assistance.” Intergenerational wealth refers to the financial assets passed by one generation of a family to another.

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Mortgages Finance Loans Closing costs 459