Housing Wire

MARCH 19, 2025

remodeling industry reached $600 billion in value following the COVID-19 pandemic. But industry fragmentation, inflation and a shortage of skilled trade labor jeopardize the ability of the industry to fully meet demand, according to a new report by the Harvard Joint Center for Housing Studies (JCHS).

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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.

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Finance Industrial Marketing Mortgages 286

Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. Rocket also has arguably the strongest recapture game in the industry, and a deal like this would give it a distinct advantage over all other competitors.

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Finance Title Mortgages Equity 468

Housing Wire

OCTOBER 18, 2024

Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Messages left with Provident were not immediately returned on Friday.

Mortgages 524

Mortgages Marketing Lending Finance 524

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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Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” There are many policy levers that must be pulled to get there,” the report reads. “A

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Construction Finance Development Marketing 488

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. Sieffert added that Fiore’s successor has been selected. “At

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Finance Sales Equity Mortgages 482

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. To avoid this, you’d need additional rule changes.

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Finance Agents FHA loan Closing costs 448

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. Beyond the real estate industry, Hill previously served as a financial analyst for The Walt Disney Co.

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Finance Industrial Agents As-is 360

Housing Wire

MARCH 27, 2025

The company calls the move an “industry-first initiative.” “By covering these expenses, we’re creating a rising tide that lifts all boats consumers get more affordable mortgages, lenders reduce expenses and close loans faster, and our industry takes another step toward truly digital mortgages. ” .

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Mortgages Loan Officer Technology Loans 326

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I think, as a whole, the industry is reacting pretty favorably to this. I do think [HMBS 2.0]

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Development Industrial Mortgages Fixed-rate mortgage 459

Housing Wire

MARCH 20, 2025

The home-flipping industry saw investors shy away even more in 2024 amid the extended period of languishing profits. 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. a year earlier.

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FHA loan Investor Finance Renovation 343

Housing Wire

OCTOBER 7, 2024

Freiha joins Opendoor after a three-year stint at Alphabet, where he started as Google ’s vice president of finance and oversaw commerce and payments before moving to capital allocations and planning. Opendoor is not just changing real estate; it’s pushing the industry into the future,” Radhakrishna said in a statement.

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Technology Finance MLS Title 448

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.

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Construction Development Finance Mortgages 497

Housing Wire

MARCH 4, 2025

States, industry steps up While the SECURE Act was first introduced in Congress in early-2023, talk of the legislation and anything resembling it has stalled since then. The only state that is an outlier at the moment is Connecticut, where they excluded real estate finance transactions. The reality is quite the opposite.

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Title Technology Industrial Development 408

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. I think the same could be said for most in my industry, she added. Louis continues to see multiple offers on good houses.

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

Housing Wire

FEBRUARY 14, 2025

MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO brings key problem solvers together to collaborate on critical issues in the mortgage industry, said Bob Broeksmit , president and CEO of the Mortgage Bankers Association (MBA), which oversees MISMO.

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Finance Commercial Technology Lending 329

Housing Wire

MARCH 15, 2024

You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.” “As

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Industrial Seller concession Purchase and sale agreement Agents 514

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.

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Finance Commercial Development Technology 370

Housing Wire

OCTOBER 18, 2024

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. Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.”

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

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Mortgages Equity Loan Officer Loans 434

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. According to the release, Nigrinis and Zywicki analyzed how much widespread use of automated title risk assessments would lower consumer costs, promote greater transparency and increase industry competition.

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Title Land Loans Closing costs 468

Housing Wire

NOVEMBER 4, 2024

As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. These are the questions that advocates who want to upend the real estate industry further cannot answer.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Our new rule was universally embraced by all stakeholders.

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Industrial Mortgages Finance Development 448

Housing Wire

JULY 30, 2024

San Diego-based Smartfi Home Loans , which primarily is active as a wholesale lender in the reverse mortgage space, will launch a retail division that offers reverse mortgage products and has hired industry veteran Paul Fiore as its president of retail sales. “I I absolutely knew that I wanted to remain in the reverse mortgage industry.

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Industrial Loan Officer Loans Lending 448

Housing Wire

JANUARY 21, 2025

Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Click here to nominate a Finance Leader. to discuss the trends shaping the housing industry in 2025. Charlotte Simonelli: Weve found many use cases where we can leverage generative AI in finance.

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Finance Technology Industrial Development 369

Housing Wire

DECEMBER 23, 2024

Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. And some reverse-only companies have aimed to establish firmer ties with the much larger forward mortgage industry.

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Lending Mortgages Industrial Finance 396

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.

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Debt-to-income ratio Loan Officer Marketing Loans 317

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?

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Residential Lending Finance Banks 364

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck.

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Finance Mortgages Marketing Branding 435

Housing Wire

DECEMBER 12, 2024

Kessler, a 48-year real estate industry veteran, served as Texas Realtors’ CEO and president for 14 years. “It’s been an honor to serve with an industry icon like Travis, whose dedication and contributions to theTexas real estate industry have left a tremendous legacy.”

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Development Industrial Finance As-is 370

Housing Wire

MARCH 10, 2025

This is according to nationally syndicated personal finance columnist Liz Weston in one of her latest pieces. This reinforces what many industry professionals have tried to avoid namely, labeling the product as a loan of last resort. The capital gains taxes will eat up any remaining equity after that reverse loan is paid.

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Mortgages Equity Loans Finance 329

Housing Wire

OCTOBER 9, 2024

In a recent episode of “The Loan Officer Podcast,“ hosts Dustin Owen and John Coleman sit down to expose common mortgage industry myths that can impact everyone from the media to recruiters and branch managers. The second myth addressed involves what they call the unnecessary adoption of 30-year mortgages in the housing industry.

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Industrial Mortgages Loan Officer Loans 434

Housing Wire

SEPTEMBER 25, 2024

However, the industry is approaching this cycle with caution. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. As the hiring landscape in the mortgage industry evolves, so does compensation packages.

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Industrial Mortgages Loan Officer Loans 459

Housing Wire

MARCH 6, 2024

The title insurance and settlement services industry directly generated $30 billion of U.S. economic impact of the title industry. ALTA noted that 90% of the title industry is made up by small businesses. The Lone Star State was also the state with the highest direct total economic activity from the industry at $3.7

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Title Industrial Land As-is 508

Housing Wire

AUGUST 15, 2024

The secondary mortgage market provides billions of dollars in overall funding, making more credit available to borrowers nationwide to promote stable housing financing. John Stocchetti is the EVP and Mortgage Partnership Finance Program Group Head at Federal Home Loan Bank of Chicago.

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Industrial Fixed-rate mortgage Banks Loans 476