Housing Wire

NOVEMBER 12, 2024

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. CHEIFS is currently available in four states: Arizona , California , Florida and Pennsylvania. 31 of that year.

Equity 369

Equity Finance Mortgages Bankruptcy 369

Housing Wire

JANUARY 30, 2025

Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Nominations are still open for the 2025 Finance Leaders award. As we gear up for the 2025 Finance Leader awards, his forward-thinking perspective offers a glimpse into the evolving role of finance leaders in real estate.

Finance 366

Finance Technology Property Management Branding 366

Housing Wire

JANUARY 6, 2025

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Gonzalez formerly served as Logan’s chief operating officer, a position she started in February 2024. Before joining Logan, Gonzalez served as president and COO at Panorama Mortgage Group.

Finance 417

Finance Lending Loans Banks 417

Housing Wire

MARCH 5, 2025

DALLAS, Texas HousingWire is proud to announce the 2025 Finance Leaders , recognizing 40 of the most impactful finance executives in the mortgage and real estate industries. This years honorees represent the top talent in corporate finance, ensuring their companies remain competitive in a dynamic housing market.

Finance 286

Finance Industrial Marketing Mortgages 286

Housing Wire

MARCH 12, 2025

This is AI meets modern home financing and its transforming the way people buy homes, Lane Hornung , co-founder and CEO of zavvie, said in a statement. Our new platform brings unprecedented speed and certainty to home financing, helping loan officers and their clients win more deals. Cash and certainty win deals, Hornung added.

Finance 221

Finance Loan Officer Loans Technology 221

Housing Wire

MARCH 17, 2025

Not wasting any time following his Senate confirmation last week, Federal Housing Finance Agency (FHFA) Director Bill Pulte made a series of major changes to the boards of government-sponsored enterprises Fannie Mae and Freddie Mac according to filings with the Securities and Exchange Commission (SEC).

Finance 511

Finance Development Mortgages As-is 511

Housing Wire

MARCH 31, 2025

Mr. Cooper did about $23 billion in originations last year, according to Inside Mortgage Finance data. To help finance the transaction, Rocket is taking out a nearly $5 billion bridge loan through JPMorgan Chase (which itself is a top-3 mortgage servicer and warehouse lender). Coopers existing originations.

Finance 468

Finance Title Mortgages Equity 468

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

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

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 425

Bankruptcy Finance Development As-is 425

Housing Wire

MARCH 10, 2025

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

MARCH 20, 2025

Flips purchased with financing accounted for 36.2% Among major metros, San Diego (59%), Seattle (58.1%), and Fresno, California (50.6%) had the highest percentage of flips purchased with financing. of the flipped homes were resold to buyers using FHA financing. flips per investor. a year earlier. Meanwhile, 63.2%

FHA loan 343

FHA loan Investor Finance Renovation 343

Housing Wire

MARCH 4, 2025

Passed in 2021, the CTA aims to combat financial crimes such as tax fraud, money laundering and terrorist financing by requiring certain businesses to file a BOI report with FinCEN. FinCEN began accepting BOI reports from new and existing companies in January 2024. This rule, which goes into effect Dec.

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Title Residential Finance Land 370

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

MARCH 24, 2025

The elasticity of the Hispanic homebuyer market can be attributed to a willingness to relocate to more affordable regions of the country, innovative financing options and an unwavering desire to achieve the American Dream, the report states. Hispanic homebuyers are also more likely to use FHA financing than their non-Hispanic peers: 29.5%

Finance 347

Finance Mortgages Agents Marketing 347

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

MARCH 6, 2025

Pierpoint has served NAR for nearly four decades, including serving as CFO and as a staff executive to NARs Finance Committee for 20 years. Cenedella has formerly held finance roles at I MG Worldwide , American Greetings , Nestle Waters , Readers Digest Association and Deloitte & Touche.

Finance 370

Finance Commercial Development Technology 370

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 396

Loans Mortgages Finance Lending 396

Housing Wire

MARCH 20, 2025

Hill is a veteran finance leader in the real estate industry. He currently serves as vice president of international finance and corporate financial planning and analysis at eXp Realty. where he also started his finance career as an intern. During Hill’s tenure, eXp World Holdings will continue its search for a new CFO.

Finance 360

Finance Industrial Agents As-is 360

Housing Wire

NOVEMBER 1, 2024

About one in three (35%) received special financing, while 26% made their purchase offer contingent upon a lower rate. Zillow home trends expert Amanda Pendleton noted a trend of new buyers thinking outside the box when it comes to mortgage financing.

Mortgages 321

Mortgages Finance Loan Officer Loans 321

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

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Many first-time homebuyers are stretching their finances to the limit.

Debt-to-income ratio 317

Debt-to-income ratio Loan Officer Marketing Loans 317

Housing Wire

MARCH 27, 2025

Edge Home Finance launched its Edge Loan Advisor platform in January 2025 that is powered by FinLocker. “The partnership between Edge Home Finance and FinLocker has been a tremendous success for our loan officers and the consumers they serve,” said Tom Ahles, chief growth officer at Edge Home Finance. ” .

Mortgages 326

Mortgages Loan Officer Technology Loans 326

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 431

Debt-to-income ratio Loans VA loan FHA loan 431

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 443

Finance Loans Mortgages Investor 443

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

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 364

Residential Lending Finance Banks 364

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

MARCH 25, 2025

“Private lenders are filling a critical gap in the market, especially as traditional banks pull back on real estate financing. “The demand for private credit continues to rise, and we are committed to structuring tailored solutions that support our clients’ long-term growth.”

Lending 300

Lending Equity Banks Construction 300

Housing Wire

MARCH 4, 2025

Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the companys digital and customer experience strategies. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.

Technology 344

Technology Equity Finance Mortgages 344

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 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 434

Brokerage Finance Investor Agents 434

Housing Wire

MARCH 10, 2025

This is according to nationally syndicated personal finance columnist Liz Weston in one of her latest pieces. In one instance, she highlighted a reverse mortgage as a potential tool to assist with the financing of long-term care.

Mortgages 329

Mortgages Equity Loans Finance 329

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

APRIL 1, 2025

The Federal Housing Finance Agency (FHFA) continues to make leadership changes at the board and executive levels of Freddie Mac and Fannie Mae.

HR 293

HR Finance Closing Mortgages 293

Housing Wire

JANUARY 23, 2025

The Federal Housing Finance Agency had previously estimated that the pilot could save consumers between $500 and $1,500 per transaction. In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19 billion in total or as much as $1,692 per loan.

Title 468

Title Land Loans Closing costs 468