Housing Wire

DECEMBER 11, 2024

In a session chaired by Longbridge Financial CEO and Columbia University finance professor Chris Mayer, researchers shared findings including those related to health care costs and their contributions to housing affordability issues faced by seniors. population, on housing demand, according to the report.

Finance 347

Finance Development Equity Banks 347

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

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 473

Marketing Construction Investor Finance 473

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 470

FHA loan Debt-to-income ratio Inspection Finance 470

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We

Mortgages 447

Mortgages Banks Finance Branding 447

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

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

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 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 484

Lending Mortgages Loan Officer Principal 484

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 535

Loans Finance Mortgages As-is 535

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

SEPTEMBER 23, 2024

Reed brought a banking and finance background to real estate when she became an agent in 2016 and has shown a knack for marketing. Nicole has leveraged her career in finance to provide clients with a unique skill set that will be even more valuable as buyers become more discerning as they select an agent.

Brokerage 448

Brokerage Agents Finance Technology 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 457

Loans Finance Mortgages Marketing 457

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 467

Renovation Finance As-is Mortgages 467

Housing Wire

OCTOBER 10, 2024

HouseAmp can secure financing of up to $400,000, and the company boasts that it can keep home sellers out of the process of securing a home equity line of credit. The technology companies will tether their respective services with the goal of streamlining the process of getting a home ready for sale.

Renovation 432

Renovation Finance Equity Technology 432

Housing Wire

NOVEMBER 27, 2024

The Federal Housing Finance Agency (FHFA)’s updated pricing framework in 2023 sparked significant debate over LLPAs. year-over-year increase, according to estimates from Inside Mortgage Finance. LLPAs are fees based on a borrower’s risk profile that affect the cost of a mortgage. producer of government loans at $37.1

Loans 418

Loans Finance Mortgages VA loan 418

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 447

Purchase and sale agreement Mortgages Equity Finance 447

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 9, 2024

More than half of second-quarter bulk MSR acquisitions were attributable to Mr. Cooper Group and Lakeview Loan Servicing , according to Inside Mortgage Finance. The average loan has seasoned for five months and has a weighted average FICO score of 744.

Marketing 429

Marketing Loans Finance Mortgages 429

Housing Wire

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. housing finance system,” FHFA Director Sandra L.

Industrial 431

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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

NOVEMBER 26, 2024

year over year in the third quarter of 2024, per the latest House Price Index (HPI) released Tuesday by the Federal Housing Finance Agency (FHFA). home prices rose 4.3% Compared to the second-quarter figure, home prices were up 0.7%. And the FHFA’s seasonally adjusted monthly index for September also rose 0.7% from August. “U.S.

Finance 391

Finance Mortgages Marketing 391

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 434

Equity Finance Mortgages Development 434

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

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 426

Debt-to-income ratio Loans Loan Officer Finance 426

Housing Wire

NOVEMBER 26, 2024

Regular adjustment of loan limits ensures that FHA financing continues to be available in all markets to all those who rely on our programs to access homeownership.” “Today’s announcement of loan limit increases, calculated according to statute, enables the FHA program to keep up with nationwide price appreciation,” Gordon said.

FHA loan 370

FHA loan Loans Finance Lending 370

Housing Wire

OCTOBER 18, 2024

The Council of Federal Home Loan Banks (FHLBanks) lauded this week’s release of a report from the Federal Housing Finance Agency (FHFA), which highlighted the banks’ growth in support of affordable housing and community development efforts in 2023.

Banks 408

Banks Development Finance Loans 408

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

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 424

Brokerage Investor Finance Agents 424

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

Housing Wire

DECEMBER 2, 2024

Among its investments are Kings League , LOVB , Bilt Rewards , Blank Street , M1 Finance , Wayflyer , Masterworks , Talkiatry , Kittl and Ownwell. Left Lane Capital was founded in 2019 with a focus on consumer-facing internet and technology companies. Ryan and the SERHANT.

Development 417

Development Brokerage Technology Investor 417

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan.

Equity 457

Equity Loans Debt-to-income ratio Renovation 457