Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

FHA loan 418

FHA loan Mortgages Equity Loans 418

Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. Valon intends to use the fresh capital to boost product development and expand its reach to new markets. The company is now servicing $65 million in mortgages, equating to 400% annualized growth.

Mortgages 448

Mortgages Technology Equity Industrial 448

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company.

Lending 428

Lending Mortgages Loan Officer Development 428

Housing Wire

JANUARY 10, 2025

Representatives from lenders and servicers, as well as individual originators, have told HousingWire s Reverse Mortgage Daily (RMD) that its imperative for borrowers to let their servicer know about anything that could impact the occupancy of their property due to the terms of Federal Housing Administration (FHA)-backed reverse mortgages.

Industrial 395

Industrial Mortgages Loans Finance 395

Housing Wire

JANUARY 22, 2025

Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) back in June over an allegedly biased valuation of a home in Denver. and Rocket Mortgage of discrimination under the Fair Housing Act. Mykhailyna was the appraiser at the center of legal action by the U.S.

Mortgages 418

Mortgages Residential Development 418

Housing Wire

NOVEMBER 14, 2024

In the mortgage industry, where change is constant and challenges can be relentless, strong leadership isn’t just a competitive advantage; it’s the foundation that keeps teams grounded and resilient. That’s the kind of mortgage organization that’s ready to navigate any challenge and take on every opportunity that comes its way.

Mortgages 370

Mortgages Development Industrial Staging 370

Housing Wire

OCTOBER 28, 2024

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans 397

Loans Mortgages Technology Development 397

Housing Wire

MARCH 20, 2025

Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding.

Mortgages 322

Mortgages Investor Inspection Loans 322

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. Were excited to invest in Tomo and to support their mission to modernize the home buying experience, Erwin Raeth, corporate development leader at Progressive Insurance, said in a statement.

Closing 344

Closing Mortgages Investor Loan Officer 344

Housing Wire

JANUARY 13, 2025

Department of Housing and Urban Development (HUD). Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. At Freddie Mac, disaster relief options are available to anyone with a Freddie-backed mortgage that has been impacted by a natural disaster.

Mortgages 397

Mortgages Development Loans Design 397

Housing Wire

NOVEMBER 14, 2024

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. The team will develop and execute the company’s investment strategies, secondary market activities, and risk management, among other things.

Mortgages 369

Mortgages Loan Officer Loans Banks 369

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 369

Mortgages Loan Officer Equity Lending 369

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Skills such as coaching, conflict resolution, and teammotivation are rarely developed through sales roles alone.

Industrial 390

Industrial Loan Officer Mortgages Loans 390

Housing Wire

JANUARY 27, 2025

It also operates outside of the regulatory purview of other home-equity tapping products, including the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage ( HECM ). Department of Housing and Urban Development (HUD)-certified housing counseling agency prior to the loans origination.

Equity 369

Equity Mortgages Loans Residential 369

Housing Wire

JANUARY 17, 2025

Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of bilking elderly homeowners in a reverse mortgage and home repair scheme, was sentenced to 17 years in federal prison by the U.S. She added that his sentencing is a sobering reminder of the unique harm caused by predatory reverse mortgage schemes.

Mortgages 397

Mortgages Title Development Loans 397

Housing Wire

NOVEMBER 8, 2024

In the latest episode of the Power House podcast, host Diego Sanchez sits down for a group chat with Fobby Naghmi, senior vice president at Homecomings Mortgage & Equity , and Ginger Bell, founder of Edumarketing. Sanchez: Fobby, do you think there’s a leadership deficit in mortgage? You have a top producer in the branch.

Industrial 370

Industrial Mortgages Equity Development 370

Housing Wire

MARCH 28, 2025

Artificial intelligence is transforming the mortgage industry, and we want your insights on how technology is impacting your business. Your feedback will help drive the conversation on AI-powered solutions in mortgage lending. Take the HousingWire Research survey and share your experience. It’s super short, promise!

Mortgages 353

Mortgages Technology Lending Industrial 353

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

OCTOBER 21, 2024

Robert Gordon, a senior vice president at the American Property Casualty Insurance Association , told the Journal that mortgage lenders need to be more involved in these processes. Developers continue to build in these areas with few obvious signs of slowing, the story said. “La

Construction 497

Construction Development Finance Mortgages 497

Housing Wire

MARCH 17, 2025

The news was first reported by Inside Mortgage Finance. This is a developing story. Based on the SEC filings, the Freddie Mac board removals included six members including board chair Lance Drummond, and Jane Prokop, who joined the board on Jan.

Finance 504

Finance Development Mortgages As-is 504

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. Naturally, this includes reverse mortgages, he explained. That role is an active one, Allen said.

Mortgages 369

Mortgages Lending Banks Industrial 369

Housing Wire

APRIL 3, 2025

The Federal Housing Administration (FHA) on Tuesday issued a waiver on quality control (QC) reviews for some newly distressed mortgages in Southern California as homeowners continue to grapple with the effects of the January 2025 wildfires. 7, 2025, and hit the 60-day delinquency mark between Feb. 1 and July 31, 2025. 1 and July 31, 2025.

Mortgages 249

Mortgages Development Closing Loans 249

Housing Wire

MARCH 31, 2025

Late last week in an email update to its members, the National Reverse Mortgage Lenders Association (NRMLA) announced that reverse mortgage software pioneer Jerry Wagner, founder of Ibis Software , died in February. Throughout the 1990s, Ibis developed several reverse mortgage software applications, including for use by counselors.

Due diligence 236

Due diligence Mortgages Development Banks 236

Housing Wire

MARCH 21, 2025

Despite having lower overall volumes when compared to the forward mortgage business, Liberty Reverse Mortgage remains one of the more profitable segments of parent company Onity Group s portfolio, according to information shared by executive leaders at a recent investor presentation. No timeline on a potential rollout was offered.

Development 201

Development Equity Investor Mortgages 201

Housing Wire

OCTOBER 24, 2024

Weaker demand from the local community developers buying at auction suggests continued weakness in the retail housing market into early 2025 given that those local community developers are anticipating retail market conditions about six months into the future,” Daren Blomquist, vice president of market economics at Auction.com, said in a statement.

Marketing 482

Marketing Banks Development Mortgages 482

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. Last week, our first class was led by Jen Peachman from GVC Mortgage. 15 and goes until the end of April, Hoffman told HousingWire. Lectures are done by MBA members.

Banks 370

Banks Mortgages Lending Residential 370

Housing Wire

DECEMBER 23, 2024

When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise. As mortgage rates keep increasing along with supply, this doesnt bode well for housing starts growing meaningfully. Recently, mortgage rates dropped back down to 6% but have now risen above 7%. percent (18.6

Residential 525

Residential Construction Sales Mortgages 525

Housing Wire

NOVEMBER 19, 2024

Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher. Builders pay down mortgage rates as much as possible to move products, so Kashkari’s comment on clearance rates shows that he doesn’t know what he is talking about.

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

JANUARY 27, 2025

Without more clarity on mortgage rates , substantial growth in housing permits is unlikely. Census Bureau and the Department of Housing and Urban Development. We are maintaining a steady level, with the best results appearing when mortgage rates approach 6%. percent (19.7 percent (16.2 Could things improve?

Sales 478

Sales Construction Mortgages Residential 478

Housing Wire

APRIL 3, 2025

In mortgage finance and real estate , the only constant is change. From fluctuating interest rates and evolving regulations to technological disruptions and shifting consumer demands, mortgage leaders today face unprecedented volatility and complexity. This ongoing flux demands adaptive, resilient, and deeply principled leadership.

Mortgages 221

Mortgages Technology Industrial Finance 221

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 256

Mortgages Lending Technology Development 256

Housing Wire

JANUARY 12, 2025

During the 10-minute conversation, Pieklo explores his new focus on developing AFR’s wholesale lending strategy, the competitive landscape of the mortgage market, and the company’s unique approach to differentiating itself from other big names in the wholesale space. This interview has been edited for length and clarity.

Mortgages 302

Mortgages Marketing Lending Loans 302

Housing Wire

FEBRUARY 11, 2025

Mortgage credit availability ramped up in January, according to a report released Tuesday by the Mortgage Bankers Association (MBA) that analyzed data from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased by 250 basis points (bps) on a monthly basis to 99.0 in January 2025.

Mortgages 269

Mortgages Loans Technology Development 269

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. The company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

FEBRUARY 26, 2025

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world.

Mortgages 291

Mortgages Banks Equity Development 291

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. According to the mortgage tech platform Modex , HSBC originated about $3.5 Fair Lending Act.

Loan Officer 418

Loan Officer Lending Banks Loans 418

Housing Wire

OCTOBER 21, 2024

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. The homeowner applied for a mortgage refinance at Rocket in January 2021. After she complained to Rocket Mortgage, the company canceled her refinance application.

Mortgages 511

Mortgages Branding Development Sales 511