Housing Wire

JANUARY 9, 2024

Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing. These will help on the margin, but we still need smart lenders to help create even more robust financing options for ADUs.

Finance 500

Finance Construction Loans Renovation 500

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 261

Debt-to-income ratio Loan Officer Marketing Loans 261

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 396

Mortgages Finance Loans Design 396

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. Since its launch, the company claims that its AI tool has tripled its conversion rate from website visits to loan closings.

Staging 370

Staging Design Mortgages Finance 370

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 364

Mortgages Equity Lending Design 364

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. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member?

Renovation 544

Renovation Loans Lending Finance 544

Housing Wire

OCTOBER 30, 2024

That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

Lending 446

Lending Loan Officer Banks Loans 446

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

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.

Lending 448

Lending Loans Loan Officer Equity 448

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. billion in loan volume, up from $3 billion in 2023. Better is retiring $530 million of outstanding debt accruing interest at 1% annually and due in 2028.

Equity 277

Equity Loans Finance Investor 277

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 229

Lending Equity Banks Construction 229

Housing Wire

DECEMBER 10, 2021

In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. Angel Oak, through its affiliates, both originates and securitizes non-QM loans. We just see tremendous opportunity.”.

Loans 497

Loans Lending Bankruptcy Mortgages 497

Housing Wire

SEPTEMBER 2, 2022

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

Technology 95

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Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. ” Cardinal Financial’s non-QM suite will kick off with four loan products. . billion in non-QM loans through a proprietary product suite.

Loans 273

Loans Finance Investor Mortgages 273

Housing Wire

MAY 24, 2024

Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans. How student loans impact your ability to buy a home Adding a mortgage on top of monthly student loan payments can create a significant financial strain.

Debt-to-income ratio 463

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Housing Wire

MAY 8, 2024

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders.

Loans 397

Loans Mortgages Lending Branding 397

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. 1 lender in the country with 7,784 endorsements in the 12-month period ending on May 31, 2024.

Finance 453

Finance Investor Mortgages Equity 453

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 428

Loans Finance Residential Renovation 428

Housing Wire

OCTOBER 2, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. in 2024 (the current limit on conventional loans is $726,200). That’s only a 3% or 3.5%

Loans 459

Loans Mortgages Finance Land 459

Housing Wire

JUNE 5, 2024

Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac , but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to recently released data and public filings. Breaking it down There was a total of $335.6

Loans 436

Loans Mortgages Industrial Principal 436

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. It also represents yet another sweetener designed to convince brokers to choose them over rival United Wholesale Mortgage. Sponsored Video.

Closing 397

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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

JUNE 30, 2023

The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-14 this week, which increases the threshold from $75 million to $120 million for multifamily loans to be considered large loans. FHA’s other requirements in the MAP Guide related to Large Loans remain unchanged.”

Loans 397

Loans Development Finance Design 397

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). billion in loans during this period, up 37.5% It originated $2.37 year over year.

Mortgages 369

Mortgages Lending Banks Finance 369

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. a competing model that also incorporates trended credit bureau data.

Loans 447

Loans Mortgages Lending Finance 447

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. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgages 270

Mortgages Principal Loans Equity 270

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 416

Loans Purchase and sale agreement Due diligence Industrial 416

Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. These funds can be utilized to consolidate debts or finance home improvement projects. The Loan Store, Inc.

Loans 369

Loans Pre-approval Equity Lending 369

Housing Wire

JUNE 12, 2024

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22. Department of Veterans Affairs (VA) has contributed $3.9

VA loan 440

VA loan Loans As-is Mortgages 440

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). The Community Home Lenders of America (CHLA) also supported the reversal.

Mortgages 283

Mortgages Lending Loans Finance 283

Housing Wire

NOVEMBER 10, 2022

The Federal Housing Finance Agency (FHFA) announced on Thursday that the 2023 multifamily loan purchase caps for Fannie Mae and the Freddie Mac will be $75 billion for each government-sponsored enterprise (GSE), for a combined total of $150 billion to support the multifamily market, according to an announcement from the FHFA.

Loans 370

Loans Finance Design Mortgages 370

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 265

Technology Equity Finance Mortgages 265

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 270

Lending Technology Title Development 270

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. In theory, this means loan officers provide the same service and pricing on loans, reducing the risk of steering.

Loan Officer 482

Loan Officer Loans Lending Mortgages 482

Housing Wire

NOVEMBER 9, 2023

6, informing lenders that they must address quality issues for “fatal data points” before delivering loans to either of the government-sponsored enterprises. The transition is designed to enhance data quality and consistency for single-family loans the GSEs purchase.”

Loans 432

Loans Closing costs Mortgages Closing 432

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 303

Design Mortgages Branding Finance 303