Housing Wire

SEPTEMBER 25, 2024

Applicants hoping to get a mortgage job in 2024. After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. However, the industry is approaching this cycle with caution. “I’m Image created by AI in Midjourney.)

Industrial 459

Industrial Mortgages Loan Officer Loans 459

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

Finance 480

Finance Sales Equity Mortgages 480

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.

Industrial 433

Industrial Mortgages Loan Officer Loans 433

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.

Industrial 445

Industrial Mortgages Finance Development 445

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. Mortgage professionals must keep up with the new demand for home equity products in the new market. HousingWire: How did you get into Finance of America and the industry? This interview has been edited for length and clarity.

Equity 369

Equity Finance Marketing Lending 369

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. Would it be worth the effort? It’s a bad idea.

Finance 448

Finance Agents FHA loan Closing costs 448

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.

Finance 435

Finance Mortgages Marketing Branding 435

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

As-is 482

As-is Industrial Mortgages Loans 482

Housing Wire

MARCH 11, 2024

I have been in the mortgage industry for more than two decades and have been working with reverse mortgages for about 12 of those years. Working in this space for so long, I thought I knew the ins and outs of a reverse mortgage, but it wasn’t until I experienced one firsthand that some things really hit home for me.

Industrial 482

Industrial Mortgages Loans Lending 482

Housing Wire

AUGUST 29, 2024

Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. At a recent WIFS Phoenix event, Hopkins was able to bring a discussion about reverse mortgages to attendees and sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to share details about the experience.

Finance 447

Finance Mortgages Equity Development 447

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

Construction 488

Construction Finance Development Marketing 488

Housing Wire

DECEMBER 2, 2024

Real estate investment and operating platform Wrightwell has secured a new financing round while forging a partnership with Bain Capital and Saluda Grade. housing and financing operating companies.” The deal will yield as much as $300 million in new investments into single-family rental (SFR) and built-to-rent (BTR) properties.

Finance 397

Finance Residential Commercial Construction 397

Housing Wire

SEPTEMBER 19, 2024

Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. 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.

Mortgages 493

Mortgages Lending Finance Industrial 493

Housing Wire

OCTOBER 7, 2024

In time for a fall homebuying season that could be busier than usual due to lower mortgage rates , Opendoor has made appointments to a pair of vital roles. Opendoor is not just changing real estate; it’s pushing the industry into the future,” Radhakrishna said in a statement. They’re both expected to begin work at Opendoor in November.

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Technology Finance MLS Title 447

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

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The significant cost savings of working with an independent mortgage broker has also become more widely known. So, what exactly does this mean for the industry? in Q4 2023, the highest number we’ve seen since 2009.

Industrial 476

Industrial Loan Officer Marketing Loans 476

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

Industrial 448

Industrial Loan Officer Loans Lending 448

Housing Wire

AUGUST 15, 2024

Why many would forego homeownership during a challenging mortgage market is easy to understand. Mortgage rates have remained stubbornly high, and as of June 2024, Fannie Mae forecasts the average 30-year fixed mortgage rate will fall to only 6.7% Since lenders take on less risk, they can offer more mortgages to homebuyers.

Industrial 476

Industrial Fixed-rate mortgage Banks Loans 476

Housing Wire

AUGUST 15, 2024

Toronto-based Bank of Nova Scotia , which operates as Scotiabank , has hired a group of JPMorgan Chase Bank executives to lead a new mortgage capital markets business that expects to launch this fall. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic. The bank was followed by Flagstar Bancorp (11.5%

Mortgages 446

Mortgages Banks Finance Lending 446

Housing Wire

JULY 17, 2024

Reverse mortgage marketing can be an exacting process. While the performance metrics for the reverse mortgage industry so far this year have not been anywhere near record-breaking, this also breeds ambition for participants to focus on ways they can renew their messaging about the product.

Mortgages 447

Mortgages Marketing Finance Equity 447

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. Rocket Mortgage had purchase origination volume of $47.5

Mortgages 488

Mortgages Marketing Lending Banks 488

Housing Wire

MAY 1, 2024

This has led to the development of policies by state and local housing finance agencies to aim assistance specifically at this group, particularly for “mortgage eligibility or down payment and closing costs assistance.” Identification of a loan under these conditions is currently optional, the bulletin explained.

Mortgages 459

Mortgages Finance Loans Closing costs 459

Housing Wire

JULY 30, 2024

As the mortgage and real estate markets continue to face challenges, nearly 800,000 low down payment home purchases in 2023 leveraged private mortgage insurance (PMI), with first-time homebuyers accounting for 64% of the total. Mortgage Insurers (USMI). In terms of outstanding debt, the industry insures approximately $1.6

Mortgages 459

Mortgages Finance Loans Industrial 459

Housing Wire

OCTOBER 18, 2024

The mortgage industry today demands speed, accuracy, and satisfied customers. ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. This digital mortgage setup focuses on turning manual tasks into automated ones.

Technology 437

Technology Mortgages Marketing Loans 437

Housing Wire

MARCH 22, 2024

As a result, reverse mortgages may no longer be considered a “loan of last resort” as financial planners aim to highlight their uses as part of a comprehensive financial plan in retirement. Reverse mortgage use as part of a broader financial plan “is really the intention in the financial planning space,” Pfau told the outlet.

Mortgages 482

Mortgages Equity Finance Loans 482

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgages 468

Mortgages Title Loans Lending 468

Housing Wire

JUNE 13, 2024

The Alliance of Comprehensive Planners (ACP), a trade association for financial planners, will be holding its annual conference this October in Savannah, Georgia, and the event will feature two of the nation’s leading reverse mortgage lenders as key sponsors. Longbridge was No. 3 with 2,972 endorsements during the same period.

Mortgages 468

Mortgages Finance Equity Industrial 468

Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower.

Mortgages 468

Mortgages Equity Finance Lending 468

Housing Wire

APRIL 10, 2024

Meanwhile, mortgage rates have steadied recently. Since the strong March labor market reading, interest rates have posted a general upswing, with the 10-year moving toward 4.4%, its highest yield since November. Shelter costs are known for keeping inflation artificially high, the consumer price index minus shelter stood at 1.9%

Industrial 481

Industrial Mortgages MLS As-is 481

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Mortgages 459

Mortgages Marketing Brokerage Finance 459

Housing Wire

DECEMBER 30, 2024

While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them. I see more collaboration with different business units, for both the wider industry and within Guild, as well.

Mortgages 395

Mortgages Technology Loan Officer Industrial 395

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. According to the USMI, private mortgage insurers held more than $26.8 Companies will have two years to fully implement the changes.

Mortgages 459

Mortgages Loans Commercial Finance 459

Housing Wire

JULY 18, 2024

real estate with a fast, digital mortgage process. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. Miami -based startup Waltz Inc. launched on Wednesday to serve international investors in U.S. “From my experiences investing globally and in the U.S.,

Finance 447

Finance Investor Banks Residential 447

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

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.

Mortgages 432

Mortgages Equity Loan Officer Loans 432

Housing Wire

SEPTEMBER 6, 2024

The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. While there were signs of weakness in performance metrics in August, there are also commensurate signs of encouragement, according to industry experts. Home Equity Conversion Mortgage (HECM) endorsements fell by 3.3%

Mortgages 474

Mortgages Industrial Loans Finance 474

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 448

Industrial Finance Mortgages Development 448