Housing Wire

JULY 31, 2024

Interest rate impact Financing a home today is undeniably much more expensive than just a few years ago. The median home in 2019—priced at $212,000 and financed with a 30 year mortgage for 3.75%—would carry a monthly cost of under $900. Incomes are the single best predictor of home prices.

Finance 493

Finance Mortgages Construction Banks 493

Housing Wire

OCTOBER 18, 2024

Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). This could result in the local community banks and credit unions providing the financing, likely with maximum loan-to-value ratios of 80% or less.”

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

FEBRUARY 3, 2025

In April 2023, federal auditors were confounded by $3 million in unexplained variances in HACMs balances, and the prior finance team came up with nothing after an investigation lasting nearly two years. But HACM recently appointed Brad Leak to its finance team, moving to make him the CFO last month.

Bankruptcy 393

Bankruptcy Finance Development As-is 393

Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

Mortgages 488

Mortgages Finance Equity Loans 488

Housing Wire

JANUARY 6, 2025

Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. The consumer watchdog on Monday filed a lawsuit in a U.S.

Loans 448

Loans Finance Lending Mortgages 448

Housing Wire

OCTOBER 21, 2024

That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms of home purchase timelines and motivating factors, personal finance and their outlook for the U.S. It also shows up in their personal finances.

Finance 476

Finance Mortgages Loans Marketing 476

Housing Wire

SEPTEMBER 19, 2024

Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident. The negative impacts of higher rates have also pushed seniors to seek out more expensive traditional financing instruments, he explained. “We

Mortgages 493

Mortgages Lending Finance Industrial 493

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. That’s just one example of how BTR offers access to a lifestyle that renters could not afford otherwise.

Marketing 476

Marketing Construction Investor Finance 476

Housing Wire

JULY 23, 2024

The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. The surveyed agents also noted that affordability was the No.

Mortgages 511

Mortgages MLS Finance Loans 511

Housing Wire

AUGUST 1, 2024

When asked if they feel better about their finances compared to one year ago, 63% of veterans and 59% of civilians said yes. Department of Veterans Affairs (VA), it financed more than $17 billion in VA loans in 2023, making it country’s largest VA lender. The results highlight some interesting splits between veterans and civilians.

VA loan 508

VA loan Loans Finance Mortgages 508

Housing Wire

SEPTEMBER 5, 2024

The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers. The CFA also called on real estate associations to better educate agents on sources of financing discrimination and how to successfully work with FHA buyers.

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

OCTOBER 15, 2024

That was down 18% year over year, per Inside Mortgage Finance estimates. The company ranked No. 12 among the largest U.S. mortgage lenders in the first half of 2024, with $11.8 billion in home loan production. Fairway operates in the Birmingham area under the trade name MortgageBanc , which it acquired in 2009.

Lending 468

Lending Loan Officer Loans Mortgages 468

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. As part of the deal that closed Oct.

Lending 490

Lending Mortgages Loan Officer Principal 490

Housing Wire

JANUARY 7, 2025

Credit reporting errors can have serious consequences for a familys finances, and it is critical that credit reporting giants follow the law. The lawsuit against Experian follows one filed by the CFPB against Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway.

Finance 418

Finance Banks Mortgages Loans 418

Housing Wire

NOVEMBER 14, 2024

The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report. Fannie and Freddie are also legally mandated to follow housing goals that “serve as benchmarks for measuring how the GSEs facilitate the financing of affordable housing for low-income families,” the report stated.

Loans 537

Loans Finance Mortgages Development 537

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.

Loans 395

Loans Mortgages Finance Lending 395

Housing Wire

DECEMBER 20, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. The goals, originally proposed in August , are largely unchanged from the initial draft.

Finance 503

Finance Loans Mortgages Development 503

Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA).

Banks 459

Banks Loans Development Finance 459

Housing Wire

OCTOBER 24, 2024

Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. When this happens, Sandoval works with the owner to provide a graceful exit.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

NOVEMBER 18, 2024

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. FHFA Director Sandra Thompson said that the new caps highlight the agency’s efforts to make rental housing more affordable.

Loans 459

Loans Finance Mortgages Marketing 459

Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Could you share how this move puts Dunmor at the forefront of that?

Residential 354

Residential Lending Finance Banks 354

Housing Wire

FEBRUARY 13, 2025

Fifty-two percent of the primary home purchases Freddie financed went to first-time homebuyers, and 53% of all the home loans it financed were affordable to low- and moderate-income families. Freddie also financed 553,000 rental units, with 93% of eligible units affordable to low- to moderate-income families. billion were up $2.7

Finance 388

Finance Loans Mortgages Investor 388

Housing Wire

SEPTEMBER 11, 2024

Financing these improvements can be an obstacle too. The article cites a reverse mortgage as a potential financing vehicle for older homeowners, since the debt doesn’t need to be satisfied until the home is sold.

Renovation 468

Renovation Finance As-is Mortgages 468

Housing Wire

FEBRUARY 3, 2025

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. We do a lot of the Fannie Mae affordable home financing too, he added. Louis continues to see multiple offers on good houses.

Debt-to-income ratio 380

Debt-to-income ratio Loans VA loan FHA loan 380

Housing Wire

JANUARY 3, 2025

But perhaps even more important by using the green materials that modular construction offers, developers can open up their businesses to new avenues of project funding like green financing.

Development 435

Development Construction Finance Investor 435

Housing Wire

NOVEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. The DTS plans aim to address a lack of liquidity across manufactured housing, affordable housing preservation and rural housing.

Development 448

Development Finance Design Mortgages 448

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The new limit reflects a 5.2% increase over the current $766,550 cap for 2024, aligning with home price trends.

Loans 435

Loans Finance Mortgages Banks 435

Housing Wire

OCTOBER 18, 2024

Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.” “Ruoff Mortgage has been a trusted name in the industry for decades, and their dedication to client success aligns perfectly with our vision at Calque,” Calque CEO Michael Bremer said in a statement.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

NOVEMBER 15, 2024

But in Greater Austin , the “Holiday of Homes” offers flex cash — which can be used towards design selections or structural options — and financing.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal.

Construction 497

Construction Development Finance Mortgages 497

Housing Wire

OCTOBER 24, 2024

Expand your offerings: Learn about the Reverse for Purchase financing option, which allows seniors to buy homes without monthly mortgage payments, enhancing their purchasing power.

Equity 435

Equity Finance Mortgages Development 435

Housing Wire

OCTOBER 30, 2024

But public filings analyzed by Inside Mortgage Finance revealed that seller repurchases rose to $430 million in the second quarter of 2024 — a 29% increase from the previous quarter. Freddie Mac has seen a nearly 55% reduction in repurchase requests from its peak in the first quarter of 2023.

Debt-to-income ratio 432

Debt-to-income ratio Loans Loan Officer Finance 432

Housing Wire

SEPTEMBER 23, 2024

increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance. Seller repurchases of Freddie Mac mortgages rose by $430 million in the second quarter of 2024, a 29.1% By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Mae repurchased $268.5

Loans 514

Loans Mortgages Finance Industrial 514

Housing Wire

JANUARY 9, 2025

Among the leading lenders, the company now branded as Finance of America (FOA) which still operated as Finance of America Reverse (FAR) for the entirety of 2023 was the largest reverse mortgage lender that reported HMDA data in 2023. It accounted for roughly 30.6% of all reverse mortgage originations reported under the guidelines.

Mortgages 357

Mortgages Finance Branding Lending 357

Housing Wire

OCTOBER 28, 2024

The firm has taken heat in recent months from its investors, who felt that the company’s finances were being mismanaged due to its continued losses in quarterly earnings. Its value has dropped from roughly $900 million to $130 million since 2021, according to the Times.

Brokerage 431

Brokerage Finance Investor Agents 431

Housing Wire

OCTOBER 4, 2024

Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing. Respondent demographics Real estate brokerage leaders : The majority of responses were from individuals in leadership roles, including brokers and team leaders.

Mortgages 459

Mortgages Marketing Brokerage Finance 459

Housing Wire

SEPTEMBER 3, 2024

Kristen Sieffert, president of industry-leading lender Finance of America (FOA), said that a potentially new rate environment heightens reverse mortgage potential for new customers. I think the bigger opportunity comes from those borrowers who really needed the benefits of a reverse mortgage to improve their cash flow during high inflation.”

Mortgages 468

Mortgages Equity Finance Lending 468