Housing Wire

FEBRUARY 4, 2025

It seeks to establish a state-level information summary for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ) program. It added that lenders eager to tap the equity in these homes are sometimes aggressive to foreclose and see a return on their investment.

Mortgages 358

Mortgages Loans Equity Principal 358

Housing Wire

NOVEMBER 13, 2024

But some misconceptions about how the credit line is impacted by partial Home Equity Conversion Mortgage ( HECM ) prepayments was called out by Hultquist and McMinn. “Mr. Relationship between debt and equity McMinn continued with the next misconception, speaking again to a hypothetical borrower. Again, the whistle immediately rang out.

Equity 370

Equity Mortgages Principal Loans 370

Housing Wire

APRIL 4, 2024

In the March rate update , we discussed why Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs) utilize two interest rates. This rate is used, among other things, to help determine a borrower’s initial principal limit (borrowing capacity). we must use the nearest 1/8th percent (0.125%).

Principal 444

Principal Mortgages Loans Equity 444

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This has caused HECM principal limits to drop for new applications.

Principal 459

Principal Mortgages Loans Equity 459

Housing Wire

APRIL 4, 2024

Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 Announced by Marion McFadden, HUD principal assistant secretary for community planning, at a Habitat for Humanity event in Nashville, the $13.5 The Colorado recipient, Tierra Del Sol Housing Corp.

Equity 366

Equity Principal Development Construction 366

Housing Wire

JULY 25, 2024

But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire ’s Reverse Mortgage Daily (RMD) that he made the transition from industry professional to customer. You really have to develop that relationship. Can we do that?

Mortgages 443

Mortgages Principal Development Industrial 443

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Following an announcement that the U.S.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

JULY 9, 2024

Of course, the reason for this is because the unused principal with an adjustable-rate Home Equity Conversion Mortgage (HECM) grows at the same rate that is applied to the loan balance. Department of Housing and Urban Development (HUD) Handbooks. Do voluntary prepayments increase a HECM LOC ‘dollar-for-dollar?’

Mortgages 434

Mortgages Equity Principal Loans 434

Housing Wire

JUNE 28, 2024

Still, vice chair, Pulte Financial Services Sheri Thompson, executive vice president and head of affordable housing, Walker & Dunlop Eileen Tu, vice president of mortgage policy and credit development, Rocket Mortgage John Wiechmann, president and CEO, Midwest Housing Equity Group Inc.

Lending 418

Lending Principal Finance Land 418

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Equity 459

Equity Loans Principal Commercial 459

Housing Wire

JUNE 6, 2024

ADUs create new housing opportunities in existing neighborhoods, expanding the housing supply while building homeowner equity,” David Driskell, principal at CPC, said in a statement. Local governments are uniquely positioned to help residents through the daunting process of building an ADU.

Construction 476

Construction Principal Design Equity 476

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 415

Equity Lending Principal Technology 415

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

JULY 31, 2024

Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. Looking at potential risks A catalyst to the development of HMBS 2.0 It can be the HMBS 2.0

Development 447

Development Principal Industrial Mortgages 447

Housing Wire

AUGUST 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program.

Principal 442

Principal Development Equity Mortgages 442

Housing Wire

AUGUST 13, 2024

The assets have “a projected unpaid principal balance of approximately $3 billion,” Onity announced in its Q2 report. The assets at the heart of the agreement are already subserviced by PHH Mortgage , itself a subsidiary of Onity and the parent company of Liberty. The company intends to issue $51.7

Mortgages 434

Mortgages Equity Principal Finance 434

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 476

Technology Title Development Lending 476

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Loans 454

Loans Equity Principal Development 454

Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act.

Principal 433

Principal Development Equity Industrial 433

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It enables us to level up skills and support, ensuring our associates and clients are prepared for the future.”

Principal 435

Principal Technology Equity Residential 435

Housing Wire

FEBRUARY 1, 2024

As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.” Department of Housing and Urban Development (HUD) set the HECM limit at $625,500, an increase from $417,000. in 2009 to about 12-14% during Fiscal Years 2010 through 2014. In 2009, the U.S.

Mortgages 435

Mortgages Principal Loans Equity 435

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter. Cooper Group Inc.,

Banks 418

Banks Principal Finance Equity 418

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 448

Mortgages VA loan Principal Loans 448

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 516

Banks Lending Loans Principal 516

Housing Wire

JULY 15, 2021

In the end, the company makes money by charging a fee off the principal of the loan — paid for by the lender. Cofounder Nora Apsel said Morty’s funding came entirely in the form of equity, and that the company has raised more than $38 million to date.

Principal 397

Principal Loans Equity Mortgages 397

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. among others. among others. million security backed by non-QM mortgages.

Mortgages 397

Mortgages Principal Banks Equity 397

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Principal among these are: Invested capital “requires” the highest return. Develop “community pools” and shared equity models to break the dependence on intransigent and predatory financial institutions.

Finance 448

Finance Residential Principal Development 448

Housing Wire

MARCH 10, 2022

Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. The benefit of this a [the lender] immediately stops advancing the principal and interest each month. “If Department of Housing and Urban Development (HUD).

Mortgages 395

Mortgages Principal Loans FHA loan 395

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

APRIL 21, 2022

Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.

Lending 435

Lending Finance Principal Development 435

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. The crisis is calibrated to hit those most in need.”

Land 508

Land Principal Mortgages Equity 508

Housing Wire

SEPTEMBER 17, 2024

FOA also advised that any investors who participate could receive “a cash fee equal to 0.25% of the aggregate principal amount of outstanding 2025 unsecured notes that are exchanged,” according to the announcement. Anyone with potential interest in the agreement must signal their intent to participate by 5 p.m.

Commercial 432

Commercial Finance Branding Principal 432

Housing Wire

JULY 23, 2024

PennyMac Financial generated strong earnings in the second quarter with an annualized operating return on equity of 16%,” chairman and CEO David Spector said in prepared remarks. billion in unpaid principal balance (UPB) at the end of June, up 2% on a quarterly basis and up 10% on a yearly basis. By comparison, servicing generated $4.9

Technology 448

Technology Loans Principal Mortgages 448

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% One potentially positive development is that New View had originally predicted that HMBS production would be lower than it actually is, due to larger factors that influence pool production. No pressure, really — the Ginnie Mae market is very liquid,” he said.

Mortgages 467

Mortgages Seller concession Principal Loans 467

Housing Wire

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

Bankruptcy 370

Bankruptcy Loans Investor Banks 370

Housing Wire

OCTOBER 28, 2020

The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”. CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms.

Principal 371

Principal Investor Equity Technology 371