Equity Lending Principal 
Housing Wire
DECEMBER 27, 2024
With Home Equity Conversion Mortgage (HECM) volume declining on an annual basis, many industry participants cited at least one key factor that couldve driven the decline, but the view was not universal. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp.
Housing Wire
APRIL 4, 2025
Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said. But the variations available to brokers and principal agents differ. Previously, the Platinum line aligned its minimum amount with Federal Housing Administration (FHA) lending limits.
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Housing Wire
APRIL 10, 2025
So that was the original justification for the [Home Equity Conversion Mortgage ( HECM )] portfolio coordination strategy. In this kind of interest rate environment, you’re looking at probably around 40% of the home value, up to the lending limit as an initial line of credit principal limit, he said.
Housing Wire
OCTOBER 30, 2024
That said, we see our direct lending channels, as we continue to basically get momentum through our recapture investments, to continue to improve and increase.” This resulted from a portfolio of $878 billion in unpaid principal balance (UPB), including $755 billion in mortgage servicing rights (MSRs) owned by the company.
Housing Wire
JANUARY 31, 2025
And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 “PennyMac maintained its dominant position in correspondent lending in the fourth quarter, with total acquisitions of $28 billion, up from $26 billion in the prior quarter, he said. million, up from $144.7
Housing Wire
NOVEMBER 5, 2024
In August, loanDepot added a first-lien home equity line of credit (HELOC) to its product suite, enabling homeowners without a mortgage to borrow from their home equity. In September, it hired military advocate Bryan Bergjans to boost its lending capacity in the U.S. Department of Veterans Affairs (VA) space. billion on Sept.
Housing Wire
APRIL 21, 2022
Freddie Mac will debut targeted lending programs this year, following guidance from regulators giving lenders the go-ahead. So I say keep the guidance coming, because we are building it and we hope the lending community will come.”. Notwithstanding all of the guidance, we still hear concerns of legality from lenders,” Perry said. “So
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