Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

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Residential Lending Finance Banks 361

Housing Wire

OCTOBER 28, 2024

The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

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Loans Mortgages Technology Development 397

Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. More renovations?

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Loan Officer Loans VA loan FHA loan 297

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. Executives at Planet Home Lending were also on the call. Vested employees will be paid after the deal closes. ’s origination staff and branches. billion in volume.

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Lending Loans Mortgages Finance 468

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. Finance a loan, and you may lose money.

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Loans Mortgages Equity Construction 321

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The transaction is expected to close in May. “We Since becoming a CDFI in 2018, Change has funded more than $25 billion in loans to more than 75,000 borrowers, the lender reported.

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Lending Banks Loans Renovation 448

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

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Lending Loans Loan Officer Equity 448

Housing Wire

OCTOBER 25, 2024

Minneapolis -based mortgage lender Luminate Home Loans has decided to shutter its NEO Home Loans division, which transitioned to the firm two years ago, the company announced on Friday. The expectation is that NEO will close by the end of February 2025. The team was previously part of Celebrity Home Loans. “We

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Loans Closing Banks Lending 435

Housing Wire

MARCH 10, 2025

The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025. Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity.

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Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

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Mortgages Equity Loan Officer Loans 434

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

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Mortgages Title Lending Loans 416

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S.

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Lending Sales Commercial Loans 447

Housing Wire

MAY 29, 2024

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Tammy is stepping in with Kind Lending to handle some of their strategic initiatives and she is partnering with them to help grow their vision.

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Lending Banks Loan Officer Loans 417

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

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Lending Equity Banks Loans 475

Housing Wire

JANUARY 3, 2025

But it becomes a stronger presentation when you’re presenting different loan options. One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P). We maintain a very close relationship here at New American Funding.

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Mortgages Lending Loan Officer Loans 418

Housing Wire

FEBRUARY 10, 2025

billion in loans, which the company said marked a 46% year-over-year increase. In July 2024, Kiavi announced its closing of a $350 million securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. In 2024, Kiavi reportedly originated a record $6.5

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Lending New Construction Residential Investor 290

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. HELOCs have easily been the product with the largest increase in [loan]-trading volumes.”

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Equity Lending Loans Banks 488

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? 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 has done precisely that. For them, the word would likely be “flowing.”

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Lending Technology Loans Mortgages 270

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20.

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Lending Brokerage Loan Officer Loans 459

Housing Wire

JUNE 17, 2024

Wells Fargo ’s program that provides up to $5,000 in closing costs for low- and moderate-income families to purchase a home has been extended to an additional 16 metro areas, the bank announced on Monday. It can be used to pay nonrecurring closing costs, such as appraisal, processing, title and recording fees.

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Closing costs Closing VA loan Banks 482

Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6

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Lending Mortgages Banks Closing 448

Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in.

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Lending Equity Investor Residential 393

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing.

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Equity Lending Loans Renovation 447

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. FHFA explained some of the actions it has taken to address housing inequality.

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Lending Finance Closing costs Closing 458

Housing Wire

OCTOBER 15, 2024

From there, Collins dives deeper into Tomo’s past and mentions its focus on purchase loans versus refinances and other product types. Collins points out that purchase lending is generally more stable than refinances. As such, Tomo’s priority goes beyond merely driving loan volume. “It

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Loans Marketing Technology Mortgages 259

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

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Lending Loan Officer Loans Technology 468

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Lending 459

Lending Renovation Loans Mortgages 459

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. The terms of the deal have not been disclosed but it is expected to close by the end of March 2025. billion in loans during this period, up 37.5% year over year.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

FEBRUARY 3, 2025

It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. The last thing a buyer wants is to find out after the deal closes that the founder of the business registered a name or trademark in their own name and never properly assign it to the company. Patent & Trademark Office.

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Due diligence Purchase and sale agreement Industrial Mortgages 418

Housing Wire

DECEMBER 2, 2024

“We are expanding the availability of our Homebuyer Access grant program to additional areas to expand opportunities for low-to-moderate income homebuyers,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement. program provides up to $5,000 in closing cost credits to borrowers with an income at or below 80% of the AMI.

Lending 397

Lending Closing costs Banks Equity 397

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. A VA loan is a mortgage partially backed by the U.S.

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VA loan Loans Mortgages Lending 468

Housing Wire

FEBRUARY 13, 2024

Gregory Meola, managing director, head of business development & strategy, Acra Lending Rather than formulaic QM lending, non-QM lending can be more complex. Setting up systems to handle these complexities takes significant time and effort, but once completed, provide a tailored loan program for a borrower.

Lending 425

Lending Loans Technology Development 425

Housing Wire

JULY 11, 2024

The advantages for lenders The integration of advanced data collection techniques and the all-in-one ecosystem offers several significant advantages to lenders, positioning Opteon as a preferred partner in the lending process. This reliability reduces the risk of discrepancies that could affect loan approvals and valuations.

Lending 467

Lending Technology Industrial Loans 467

Housing Wire

MARCH 14, 2025

These milestones, combined with successful execution of our remaining operational initiatives, positioned us to close 2024 with our largest production month since 2022. FOA’s second-lien product accounted for only one tenth of 1% of total second-lien lending to the senior demographic.

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Branding Equity Lending Finance 346

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. However, reducing the overall costs of loan origination also needs to be addressed. Click here to nominate someone.

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Lending Industrial Mortgages Technology 459

Housing Wire

JANUARY 10, 2025

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.

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Industrial Mortgages Loans Finance 396

Housing Wire

JANUARY 8, 2025

GridBase is a proven leader in title and lending technology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows. It offers order management, instant title reports, closing agent management, and digital closing capabilities. Why should lenders act now?

Technology 368

Technology Title Lending Development 368