Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

Finance 448

Finance Residential Investor Lending 448

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal.

Construction 497

Construction Development Finance Mortgages 497

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. Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.”

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

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. This represents a significant opportunity for us as our products are specifically designed to serve this demographic.”

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price.

Finance 459

Finance Investor Mortgages Equity 459

Housing Wire

NOVEMBER 15, 2024

But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

NOVEMBER 12, 2024

This comes from a new survey by Down Payment Resource — a nationwide database designed to connect prospective homebuyers to financial assistance opportunities. The study analyzed DPA programs from more than 1,300 housing finance agencies, municipalities, nonprofits and other organizations. in third-quarter 2024.

Mortgages 397

Mortgages Finance Loans Design 397

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Many first-time homebuyers are stretching their finances to the limit.

Debt-to-income ratio 318

Debt-to-income ratio Loan Officer Marketing Loans 318

Housing Wire

JANUARY 22, 2025

Rocket.com is designed for serious buyers and sellers, offering a streamlined path to homeownership, said Jamie Belsky, chief product and design officer at Rocket. With this intuitive platform, we will remove traditional barriers for homebuyers through instant offers, AI-powered financing and Verified Approval Letters.

Staging 370

Staging Design Mortgages Finance 370

Housing Wire

JUNE 26, 2024

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. This is the latest move undertaken by FOA to improve the financial posture of the company.

Finance 416

Finance Principal Commercial Equity 416

Housing Wire

APRIL 14, 2025

Better Home & Finance Holding Co. As part of the agreement, Better is granting the investor the right to designate one non-voting board observer starting June 1, 2025. Better is retiring $530 million of outstanding debt accruing interest at 1% annually and due in 2028. Better is also making a one-time cash payment of $110 million.

Equity 334

Equity Loans Finance Investor 334

Housing Wire

MARCH 20, 2025

Christopher Stanley, a cybersecurity engineer who has ties to Musks SpaceX , was one of the people appointed to Fannie Maes board following a move by new Federal Housing Finance Agency (FHFA) Director Bill Pulte to dismiss multiple board members and install himself as chair.

Finance 394

Finance Design As-is Mortgages 394

Housing Wire

MARCH 25, 2025

The agreement is designed to fit the New York-based lender’s asset-based underwriting model, allowing for greater flexibility in how capital is allocated across its varied loan portfolio. “Private lenders are filling a critical gap in the market, especially as traditional banks pull back on real estate financing.

Lending 274

Lending Equity Banks Construction 274

Housing Wire

FEBRUARY 10, 2025

Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles. Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products.

Loans 331

Loans Finance Investor Mortgages 331

Housing Wire

MARCH 4, 2025

Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the companys digital and customer experience strategies. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.

Technology 316

Technology Equity Finance Mortgages 316

Housing Wire

JANUARY 22, 2025

SmartSale is designed as an alternative for sellers who are navigating financial challenges or simply seeking greater control, Auction.com explained.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

NOVEMBER 7, 2024

For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones. Others say homeowners insurance wasn’t designed around catastrophe risk — it was designed around idiosyncratic storms or trees falling on roofs.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

AUGUST 29, 2024

I took on that segment with an SRES-designated real estate agent. Over a three-hour period, each of the three sections was covered including the “securing your wealth” segment, where Hopkins was able to discuss the Home Equity Conversion Mortgage (HECM) program. “I was able to highlight HECMs and reverse mortgages,” she said. “I

Finance 448

Finance Mortgages Equity Development 448

Housing Wire

APRIL 2, 2025

Top-five reverse mortgage industry lender Finance of America (FOA) announced on Wednesday that it has promoted Jonathan Scarpati to the role of chief production officer. Scarpati previously served as the company’s senior vice president of wholesale lending.

Equity 287

Equity Finance Lending Branding 287

Housing Wire

MARCH 5, 2025

In a press release, the company said it plans to grow the partnership over the next several years through a variety of initiatives designed to build its brand while supporting its mission, vision, values, and industry leadership. Pennymac was the nations second-largest lender in 2024, according to Inside Mortgage Finance (IMF) data.

Design 354

Design Mortgages Branding Finance 354

Housing Wire

JANUARY 17, 2025

It also has a proprietary origination system designed to speed up the funding process. A&D Mortgage was the 80th-largest lender in the country through the first nine months of 2024, according to estimates from Inside Mortgage Finance (IMF). It originated $2.37 billion in loans during this period, up 37.5% year over year.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

FEBRUARY 6, 2025

Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. This loan type offers up to $2 million in financing. Bank Statement loans are designed for self-employed borrowers.

Loans 331

Loans Mortgages Equity Construction 331

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 (..)

Lending 323

Lending Technology Title Development 323

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. Finance of America (FOA) has made the growth of its HomeSafe proprietary product suite a centerpiece of its growth goals for this year.

Mortgages 323

Mortgages Principal Loans Equity 323

Housing Wire

APRIL 1, 2025

An alternative home equity-tapping product backed by former executives from a reverse mortgage lender has been rolled out to several additional states, following an earlier move that secured hundreds of millions of dollars in financing. In 2013, Corn and his partners launched RMF , which became a leading reverse mortgage lender.

Equity 233

Equity Finance Mortgages Design 233

Housing Wire

NOVEMBER 1, 2024

This course covers real estate law, contracts, finance and ethics. For example, a designated broker is someone who owns a real estate firm and oversees business activities, such as hiring and managing other brokers, agents and office staff. Broker-in-charge or Principal broker : These roles most closely align with designated brokers.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

DECEMBER 9, 2024

These will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem. Because of that, more people in the industry have a better understanding of seniors unique challenges, which could necessitate more products designed for them.

Mortgages 370

Mortgages Lending Banks Industrial 370

Housing Wire

MAY 7, 2024

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release. But some experts believe that financing options for ADUs need to be expanded.

Construction 476

Construction Finance Design Technology 476

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

OCTOBER 30, 2024

That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. According to a filing from the California Department of Financial Protection and Innovation dated Oct. 18, LoanSnap had its license revoked after it failed to renew its surety bond.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

DECEMBER 6, 2023

Government-sponsored enterprise (GSE) Freddie Mac on Wednesday announced further enhancements to its Condo Project Advisor tool that are designed to “streamline” such loan originations and to offer lenders “greater security” through a new designation, according to an announcement.

Loans 459

Loans Design Finance Mortgages 459

Housing Wire

MARCH 26, 2025

On Tuesday, Federal Housing Finance Agency ( FHFA ) Director Bill Pulte announced several policy changes via social media, including the end of special purpose credit programs (SPCPs) and rolled-back enforcement against unfair or deceptive acts or practices (UDAP). ”

Mortgages 284

Mortgages Lending Loans Finance 284

Housing Wire

DECEMBER 20, 2024

The first is designed to help decrease land costs when building by analyzing minimum zoning requirements. Joe Alexander, a Republican representing the Hillsborough 29th District, is one lawmaker championing the issue. Alexander is currently drafting two bills for the 2025 legislative session.

Construction 434

Construction Land Development New Construction 434

Housing Wire

APRIL 18, 2024

The Federal Housing Finance Agency (FHFA) this week released its annual Housing Mission Report , offering insights into the actions the agency took in 2023 on a host of issues. These are designed to support homeownership efforts for borrowers in underserved communities. The GSEs also “invested over $1.7

Closing costs 447

Closing costs Loans Design Finance 447

Housing Wire

OCTOBER 10, 2024

The Renovation Sells platform focuses on design and construction, while the loans come from HouseAmp. HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit.

Renovation 435

Renovation Finance Equity Technology 435

Housing Wire

SEPTEMBER 10, 2024

All designated DDAs in metropolitan areas (taken together) may not contain more than 20% of the aggregate population of all metropolitan areas, and all designated areas not in metropolitan areas may not contain more than 20% of the aggregate population of all nonmetropolitan areas,” according to the entry in the Federal Register.

Land 459

Land Development Design Construction 459

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Loans 435

Loans Finance Residential Renovation 435