Housing Wire

NOVEMBER 15, 2024

Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year. In Charlotte , borrowers to lock in a lower rate on select Quick Move-In homes that can close by the end of the year. The home builder’s holiday incentives range by location.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

MAY 17, 2024

has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday. The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. It also offers a homebuyer grant that distributes up to $7,500 in eligible areas.

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Lending Closing Banks Commercial 481

Housing Wire

FEBRUARY 3, 2025

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. It also ties into architects and builders creating smaller, denser homes to help close the affordable housing supply gap.

Debt-to-income ratio 431

Debt-to-income ratio Loans VA loan FHA loan 431

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. This is specifically designed to benefit consumers during the high rate environment, the agency said. “In

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Closing Mortgages Equity Loans 529

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. As a result, many condo deals don’t close due to a lack of understanding on the agent’s part.

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Finance Agents Mortgages Loan Officer 448

Housing Wire

SEPTEMBER 30, 2024

California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages. loanDepot said this is the 10th time it has closed a transaction of this kind.

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Closing Principal Residential Finance 435

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.

Finance 482

Finance Sales Equity Mortgages 482

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. were co-managers on the transaction.

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Closing Equity Investor Finance 448

Housing Wire

OCTOBER 25, 2024

The expectation is that NEO will close by the end of February 2025. We made the decision to close the NEO Division to align with our long-term business strategy,” Taryn Reuter, CEO and chairman of Luminate, said in a statement. Inside Mortgage Finance shows Luminate Bank originated $1.26

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Loans Closing Banks Lending 435

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 worked in similar roles with eBay.

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Technology Finance MLS Title 448

Housing Wire

OCTOBER 1, 2024

Inside Mortgage Finance ranked Rocket as the eighth-largest U.S. Rocket is committed to the entire homeownership experience from budgeting and credit building, to home search, financing and servicing,“ Bill Banfield, chief business officer of Rocket Companies, said in a statement. “We billion as of June 30. Annaly was No.

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Closing Principal Loans Finance 434

Housing Wire

OCTOBER 25, 2024

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Agency loans have limitations such as loan amounts, only allowing up to ten financed properties and they don’t accept five to nine units. Non-QM opens doors for real estate investors.

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Investor New Construction Construction Loans 448

Housing Wire

MARCH 4, 2025

The takeaway from the pending sales numbers is that it takes roughly 35 days on average for sales to close, so homes in contract now will generally close in March, Simonsen wrote. Simonsen noted that the 60,000 pending sales of single-family homes are down 3% year over year even as the 639,000 homes available for purchase are up 28%.

Mortgages 484

Mortgages Sales Finance Closing 484

Housing Wire

DECEMBER 18, 2024

This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. As 2024 comes to a close, the Fed has managed to overlook these issues for another year due to the factors mentioned above. We will soon find out.

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Construction Residential Sales Mortgages 511

Housing Wire

OCTOBER 18, 2024

We have partnered with Calque to provide better options to those customers, including the ability to close immediately on a new home before putting their current home on the market.” Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.”

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Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

JANUARY 23, 2025

The Federal Housing Finance Agency had previously estimated that the pilot could save consumers between $500 and $1,500 per transaction. In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19 billion in total or as much as $1,692 per loan.

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Title Land Loans Closing costs 468

Housing Wire

AUGUST 14, 2024

According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. servicing business, expected to close in the first quarter of 2025, benefits the bank by reducing costs and lowering risk for its balance sheet. They did not provide information related to the buyers’ names or the financial details. In the U.S.,

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Banks Closing Principal Residential 435

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.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

DECEMBER 27, 2023

The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations. One buyer commented: “We wired in full payment for a home that was supposed to close last week. 20 cybersecurity incident.

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Closing Title Technology Mortgages 508

Housing Wire

OCTOBER 24, 2024

Although completed foreclosure auctions have plateaued in 2024 at less than half of pre-pandemic levels, the number of delinquent mortgages is close to pre-pandemic levels, according to an Auction.com analysis of public record data from ATTOM Data Solutions and survey data from the Mortgage Bankers Association (MBA). There is a lot of fear.”

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Bankruptcy Equity Hard money loan Finance 448

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. 7, and that the earliest they can close is 14 days after the declaration is made, he said. The situation in Los Angeles is heartbreaking.

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Industrial Mortgages Loans Finance 397

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. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

JANUARY 24, 2025

And about 10% of the total share of complaints were related to issues with loan closings. It was followed by Finance of America (27), Longbridge Financial (11) and Mutual of Omaha Mortgage (8). The overwhelming majority of complaints (98%) were responded to in a timely manner, and a similar share were closed with explanation.

Mortgages 417

Mortgages Bankruptcy Short sale Loans 417

Housing Wire

NOVEMBER 19, 2024

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The caucus expressed this view in a letter written by Reps. Lou Correa (D-Calif.), Mark Alford (R-Mo.),

Title 418

Title Title search Closing costs Loans 418

Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Could you share how this move puts Dunmor at the forefront of that?

Residential 364

Residential Lending Finance Banks 364

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

JANUARY 15, 2025

Gen Z (56%) and Gen X (50%) followed closely behind. This Old House also noted that some projects could force homeowners to get creative when it comes to financing them. And younger generations led the way for home improvement plans, outpacing their older counterparts. Meanwhile, baby boomers were the least likely to renovate at 32%.

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Renovation MLS Finance Closing 418

Housing Wire

JANUARY 22, 2025

Since its launch, the company claims that its AI tool has tripled its conversion rate from website visits to loan closings. With this intuitive platform, we will remove traditional barriers for homebuyers through instant offers, AI-powered financing and Verified Approval Letters.

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Staging Design Mortgages Finance 370

Housing Wire

JANUARY 17, 2025

The terms of the deal have not been disclosed but it is expected to close by the end of March 2025. Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. A&D reported that the two entities being acquired funded more than $10 billion in originations in 2024.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

MARCH 14, 2025

This creates a unique challenge for mortgage professionals, who must provide creative financing strategies to help homeowners see the benefits of moving despite higher rates. Deliver value beyond closing to foster long-term engagement. Additionally, rising consumer debt and high living costs further discourage potential sellers.

Mortgages 363

Mortgages Loan Officer Marketing Loans 363

Housing Wire

FEBRUARY 6, 2025

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. according to Inside Mortgage Finance (IMF). Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier.

Loans 411

Loans Equity Principal Mortgages 411

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. population, on housing demand, according to the report.

Finance 370

Finance Development Equity Banks 370

Housing Wire

OCTOBER 25, 2024

Novaprime is starting with post-close quality control functions and working backwards. Miami-based Novaprime utilized smart contracts that conform to MISMO standards and extract all the loan data and compare it to source data of documents as well as agency eligibility, all in real time.

Loans 435

Loans Investor Closing Lending 435

Housing Wire

JANUARY 9, 2025

This finding likely stems from an increase in renovation costs over the past three years, forcing some buyers to pursue costly financing sources to improve their homes. Walkability and school quality followed closely behind at 36.1% Another 37.8% regarded move-in-ready status as somewhat important. and 35.6%, respectively.

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MLS Renovation Finance Marketing 418

Housing Wire

JANUARY 30, 2025

To close the conversation, Davis explores Deephaven’s focus on home equity and new construction products in 2025. Financing for mid-tier builders has become less liquid or choppy compared to the mega builders, right? Davis: So, it’s understanding all those trends, right? That’s where the growth is at.

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New Construction Construction Marketing Equity 338

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., Its funded volume was also driven by growth in refinance and home equity originations, including home equity lines of credit ( HELOCs ) and closed-end second-lien mortgages. “In NEO was previously expected to close in early 2025. “We By comparison, the company lost $41.4 million in Q3 2023.

Mortgages 370

Mortgages Loan Officer Loans Technology 370

Housing Wire

FEBRUARY 13, 2025

Health care information and caregiving marketplace website Care.com published an article that examines several practical ways that someone could choose to finance their long-term care (LTC) goals. HECM proceeds also do not impact eligibility for Medicaid or Supplemental Security Income (SSI), which are measured based on income and assets.

Mortgages 360

Mortgages Equity Loans Closing costs 360