Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

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Lending Branding Loan Officer Technology 434

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

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Lending Finance Banks Equity 431

Housing Wire

DECEMBER 7, 2021

Marcia Fudge, in a missive to her colleagues at the Office of the Comptroller of the Currency , the Consumer Financial Protection Bureau and the Federal Housing Finance Agency. It could be a sustainable lending product for a community where a lender has had poor penetration. A special purpose credit program can take many forms.

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Lending Development Design Banks 468

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 436

Finance Residential Investor Lending 436

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 420

Lending Technology Loans Mortgages 420

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

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Lending Principal Finance Loans 432

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 370

Finance Lending Mortgages Renovation 370

Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported. The CDFI certification is a designation given by the U.S.

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Lending Finance Loans Design 370

Housing Wire

FEBRUARY 22, 2022

Federal finance and housing regulators today issued a statement to assure lenders they are on the same page when it comes to special purpose credit programs. Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing.

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Lending Finance Development Mortgages 385

Housing Wire

JANUARY 7, 2021

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties.

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Lending Loans Development Mortgages 370

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. It recommended human oversight to mitigate bias.

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Debt-to-income ratio Loan Officer Marketing Loans 261

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

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

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Lending Loans Investor Industrial 435

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Jesse Allen Allen sees some of his own duties in a similar way. That role is an active one, Allen said.

Mortgages 359

Mortgages Lending Banks Industrial 359

Housing Wire

APRIL 11, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners.

Lending 389

Lending Technology Equity Loans 389

Housing Wire

FEBRUARY 17, 2022

Multichannel lender Finance of America (FOA) announced Thursday its chief executive officer, Patti Cook , will retire as soon as the company finds a successor. HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s unique homebuyer.

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Finance Mortgages Lending Technology 375

Housing Wire

DECEMBER 7, 2021

So mortgage lending morphed from a trust-based system to what could be called a “trust, but verify” model, to coin a favorite Russian proverb of Reagan’s. The problem with the “trust, but verify” model, which is still used by many lending institutions today, is that it’s time-consuming and expensive.

Lending 417

Lending Mortgages Loans Banks 417

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

Lending 388

Lending Banks Loans Residential 388

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? Acra Lending has done precisely that. Acra Lending is a proven leader in the space, and it has adapted and thrived despite market shifts. higher interest rates and elevated home prices create openings for non-QM lending. billion to $3.47

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Lending Technology Loans Mortgages 233

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 273

Loans Finance Investor Mortgages 273

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.

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Equity Finance Lending Branding 259

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 270

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). ”

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Mortgages Lending Loans Finance 283

Housing Wire

FEBRUARY 6, 2025

Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. This loan type offers up to $2 million in financing.

Loans 273

Loans Mortgages Equity Construction 273

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. Previously, the Platinum line aligned its minimum amount with Federal Housing Administration (FHA) lending limits.

Mortgages 270

Mortgages Principal Loans Equity 270

Housing Wire

APRIL 24, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , named Michael Tannenbaum as its new CEO, the company announced on Tuesday. 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.”

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Lending Technology Design Finance 441

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

Banks 419

Banks Lending Finance Mortgages 419

Housing Wire

SEPTEMBER 24, 2021

Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. Acra Lending is looking to solve these challenges and make fix-and-flip lending simpler and more efficient for borrowers, lenders and brokers. Acra understands the struggles fix-and-flip investors face when seeking financing.

Lending 454

Lending Finance Loans Renovation 454

Housing Wire

SEPTEMBER 23, 2020

There’s a mainstay in mortgage finance poised to help in working from home. The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. Of these workers, three in five said they’d prefer to work from home when restrictions are lifted.

Renovation 544

Renovation Loans Lending Finance 544

Housing Wire

JUNE 7, 2022

Few other industries must deal with the level of complexity of home finance. But unless the automation is specifically designed to solve these problems, it stands little chance of being effective. The post Are these factors creating chaos in your mortgage lending ops? appeared first on HousingWire.

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Lending Mortgages HR Title 359

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

JANUARY 10, 2024

Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Banks 466

Banks Mortgages Lending Loan Officer 466

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. The home-only lending market presents several major opportunities.

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Title Finance Loans Lending 474

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 451

Mortgages Finance Lending Equity 451

Housing Wire

DECEMBER 30, 2022

At a small mortgage banker, leadership has to know all aspects of lending. Chris Mozilo: If I didn’t go into mortgage lending, I would have likely become an architect. I went to college initially as an architecture major before switching to finance. I always enjoyed beautiful and simple designs. in mortgage banking.

Lending 433

Lending Design Mortgages Technology 433

Housing Wire

JANUARY 24, 2024

Freddie Mac updated its single-family social bond framework which includes refinements to its mortgage-backed securities (MBS) disclosures, “designed to further support underserved borrowers’ access to credit and affordable housing as part of the company’s mission and goals,” the announcement said. housing.”

Investor 485

Investor Lending Loans Finance 485

Housing Wire

OCTOBER 5, 2023

Industry-leading lender Movement Mortgage will become an “early adopter” of FICO Score 10 T, the updated credit scoring model designed to take advantage of trended data information to help expand mortgage approval rates. The word “trended” is the source of the “T” in the 10 T name.

Loans 447

Loans Mortgages Lending Finance 447