Housing Wire

JANUARY 13, 2025

Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible, she said in a statement.

Mortgages 397

Mortgages Development Loans Design 397

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. The request was pending, but the license was suspended in July.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

FEBRUARY 6, 2025

Interestingly, Batey noted that he and his office have observed a higher level of interest in reverse mortgages from seniors in the area. While not taking a position as a product advocate, Batey noted that the loans could be an option for older residents on a fixed income who seek support for their expenses.

Mortgages 433

Mortgages Staging Equity Loans 433

Housing Wire

FEBRUARY 4, 2025

A bill introduced in January to the New York state Senate is seeking to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product, as well as the obligations that a borrower assumes when engaging with the industry.

Mortgages 352

Mortgages Loans Equity Principal 352

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. We took a very careful and measured approach to finding a potential partner to grow our QM business, Max Slyusarchuk , CEO of A&D Mortgage, said in a statement.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

NOVEMBER 7, 2024

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed. We service most of our own loans on the traditional side as well as the reverse side.

Mortgages 370

Mortgages Equity Lending Branding 370

Housing Wire

MARCH 4, 2025

Xactus has become the first technology partner to introduce the FICO Score Mortgage Simulator, a new tool designed to help lenders and borrowers understand how credit decisions impact mortgage eligibility. The simulator, developed by FICO , is the only mortgage industry tool that uses FICO scores and FICO score algorithms.

Mortgages 261

Mortgages Lending Technology Development 261

Housing Wire

JANUARY 17, 2025

In a changing real estate market , mortgage lenders face increasing demand. If high mortgage rates and increased liquidity management arent challenging, then regulatory changes, operation inefficiencies, and economic uncertainty are enough. This occurs while they manage the heavy loan of growing origination demand.

Marketing 367

Marketing Residential Commercial Loans 367

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

Loans 524

Loans Closing Mortgages Equity 524

Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Managing appraisal orders, tracking status, and QC aren’t a problem for a system designed to make lenders’ lives easier.

Inspection 448

Inspection Marketing Design Technology 448

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. Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers.

Loans 435

Loans Mortgages Lending Branding 435

Housing Wire

NOVEMBER 7, 2024

Not long ago, homeowners insurance was a minor concern for most homebuyers, real estate agents and mortgage originators. Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Equity 370

Equity Finance Marketing Lending 370

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. In 2024, second-lien mortgage programs (20) stand out with the highest number of veteran-tailored DPA programs.

Mortgages 397

Mortgages Finance Loans Design 397

Housing Wire

OCTOBER 28, 2024

“From loan officers to secondary marketing teams and investors, we empower mortgage professionals with tools designed to maximize their profitability on every loan transaction.” ” The announcements were made at MBA Annual in Denver.

Loan Officer 431

Loan Officer Investor Loans Mortgages 431

Housing Wire

JANUARY 22, 2025

Rocket Companies today announced the launch of Rocket.com, officially putting Rocket Mortgage and Rocket Homes on the same platform. 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.

Staging 370

Staging Design Mortgages Finance 370

Housing Wire

FEBRUARY 12, 2025

California-based mortgage lender loanDepot on Wednesday announced the expansion of its equityFREEDOM portfolio to provide nearly 50 million U.S. loanDepots home equity loan lets customers access the equity in their homes in a lump sum in one of three, fully amortizing loan terms.

Equity 370

Equity Loans Lending Mortgages 370

Housing Wire

JUNE 13, 2024

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.” For us, this is much more than a rebrand of the initiative.

Design 459

Design Loan Officer Branding Loans 459

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

MARCH 12, 2025

ICE Mortgage Technology has added new analysis tools, expanding its technology portfolio that’s designed to simplify underwriting and post-closing review processes. ICE’s Audit Analyzer is designed to improve post-closing quality control. ” . ”

Technology 204

Technology Mortgages Lending Loans 204

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.

Loans 448

Loans Mortgages Lending Finance 448

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

NOVEMBER 15, 2024

In most of our remodeling, we use a design technique called Universal Design,” said Brian Harvey, owner of Boston-area business Harvey Home Modifications. That essentially is a design that will serve anyone of any physical capability in the house.”

Design 435

Design Renovation Branding Development 435

Housing Wire

JUNE 12, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , has launched a blockchain-based marketplace to connect buyers and sellers of private credit loans, promising to reduce settlement timelines and create greater pricing certainty.

Loans 450

Loans Lending Technology Equity 450

Housing Wire

FEBRUARY 10, 2025

Charlotte-based mortgage lender Cardinal Financial on Monday launched a new product suite to help mortgage brokers reach nontraditional borrowers. 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.

Loans 321

Loans Finance Investor Mortgages 321

Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. 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.

Debt-to-income ratio 468

Debt-to-income ratio Loans Pre-approval VA loan 468

Housing Wire

MARCH 5, 2025

PennyMac Financial Services , one of the nations largest mortgage lenders and servicers, on Wednesday announced a partnership that will give the company a high level of visibility during the 2028 Olympic Games in Los Angeles. California-based Pennymac will be the official mortgage supporter of the U.S. The company closed $115.1

Design 342

Design Mortgages Branding Finance 342

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 448

Loans Mortgages Industrial Principal 448

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Founded in 2019, The Loan Store offers mortgage products including conventional, jumbo, VA and non-QM loans.

Loans 435

Loans Lending Equity Mortgages 435

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 464

VA loan Loans As-is Mortgages 464

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. FHFA Director Sandra Thompson explained that such options are needed in the current mortgage rate environment.

Closing 529

Closing Mortgages Equity Loans 529

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

Technology Earnest money deposit Loans Pre-approval 95

Housing Wire

SEPTEMBER 26, 2024

New York-based Simplist Technologies , which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).

Mortgages 448

Mortgages Loans Technology Branding 448

Housing Wire

MARCH 1, 2024

Department of Agriculture (USDA) announced on Friday that it has lowered the interest rates for its single-family housing (SFH) direct home loan programs as of March 1, according to an email update sent out earlier this week. The level of assistance is primarily determined by adjusted family income, according to the agency.

Loans 488

Loans Land Construction Development 488

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

MAY 8, 2024

Fannie Mae announced on Wednesday the availability of a new web-based option for its income calculator tool, which is designed to “help mortgage professionals serve the growing number of mortgage applicants in the U.S. workforce and “a growing number of Fannie Mae loan deliveries,” the GSE stated.

Mortgages 468

Mortgages Technology Loans Design 468

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles.

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514