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.”

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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.”

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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.

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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.

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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.

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Mortgages Finance Loans Design 397

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.

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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.

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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.

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Technology Equity Finance Mortgages 304

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.

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Loans Finance Investor Mortgages 321

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.

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Design Mortgages Branding Finance 342

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.

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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.

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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

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Finance Mortgages Equity Development 448

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.

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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.

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Loans Mortgages Equity Construction 321

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.

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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.

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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).

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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.

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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.

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Loans Design Finance Mortgages 459

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

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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.

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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.

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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.

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Loans Finance Residential Renovation 435

Housing Wire

OCTOBER 16, 2023

Down payment assistance is offered through state finance agencies as well as local and municipal sources, which makes it difficult for lenders and borrowers to access the available resources. But finding and comparing the many programs and their guidelines is challenging.”

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Finance Lending Mortgages Loans 501

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. Yet help might be on the way.

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Title Finance Loans Lending 476

Housing Wire

JUNE 4, 2024

The map is designed to give prospective homebuyers more information about whether or not cash purchases are more or less common in a given area, so they can then make a financing decision based on the competitiveness of cash offers, according to Miguel Villegas, director of NAF Cash.

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Finance MLS Investor Design 447

Housing Wire

AUGUST 7, 2024

The purpose of the brief was designed to focus on an element of retirement savings that is not as often discussed as the accumulation phase of savings, namely the impact of debt on the ability to sustain retirement. The data was derived from the 2022 Federal Reserve Survey of Consumer Finances, the most recent data that is available.

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Finance Design As-is 482

Housing Wire

JULY 17, 2024

Finance of America brand consolidation When Finance of America announced its intention to acquire then-industry leader American Advisors Group (AAG), the reverse mortgage industry initially reacted with cautious optimism. So far this year, two lenders have made eye-opening moves in their approaches to reverse mortgage messaging.

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Mortgages Marketing Finance Equity 448

Housing Wire

MARCH 5, 2024

Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S. There are three core provisions of the plan.

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Construction Finance Land Design 493

Housing Wire

APRIL 24, 2024

I am humbled to join Mike and this extremely talented team that is setting a new standard for the finance industry and look forward to leading Figure into its next phase of growth.” Tannenbaum boasts more than 15 years of experience in financial technology and financial services.

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Lending Technology Design Finance 465

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S. Securities and Exchange Commission (SEC).

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Title Closing Sales Finance 370

Housing Wire

FEBRUARY 27, 2025

Its designed to resemble A-paper loan processes to help brokers familiarize themselves. Or, perhaps a real estate investor is looking to finance a rental property using the rental income as proof of their ability to repay. It eliminates the manual component of evaluation and reduces turnaround times.

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Lending Technology Loans Mortgages 270

Housing Wire

DECEMBER 27, 2024

Team structures to avoid While most team structures are designed for growth and success, not all teams are set up that way. They create content, manage the teams social media, and design marketing campaigns to attract leads. However, they are typically designed to compensate team leaders for providing resources and support.

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Purchase and sale agreement Branding Agents Closing 418

Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. The policy — announced in May by the U.S.

Equity 448

Equity Development Design Finance 448

Housing Wire

JUNE 20, 2024

The product is designed to make buyer offers more attractive to sellers by removing contingencies. The financing can be used to make a down payment, pay down debt, or cover repairs and moving expenses.

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Lending Loans Loan Officer Equity 448