Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 300

Lending Equity Banks Construction 300

Housing Wire

JANUARY 30, 2025

If a broker is working with an investor that happens to dabble in non-QM, then they’re not going to get all the best practices we’ve aggregated over the last 12 years. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors.

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New Construction Construction Marketing Investor 338

Housing Wire

FEBRUARY 13, 2025

. “For example, last year alone, Freddie Mac acquired more than 1 million loans from over 1,000 lenders of all sizes across the country. We packaged those loans into mortgage-backed securities (MBS) that attracted investors from around the world to support U.S. The proceeds enabled Freddie Mac to help nearly 1.6

Finance 443

Finance Loans Mortgages Investor 443

Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. ” Cardinal Financial’s non-QM suite will kick off with four loan products. . billion in non-QM loans through a proprietary product suite.

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Loans Finance Investor Mortgages 343

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. “Assistance options may include postponement of monthly payments, repayment plans, or loan modifications.

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

MARCH 18, 2022

Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. His exit was first reported by Inside Mortgage Finance. Presented by: Finance of America. Last year, the lender funded $35.6

Finance 497

Finance Mortgages Commercial Lending 497

Housing Wire

JANUARY 28, 2025

Ruimy noted that the BPL sector accounts for a significant portion of residential mortgage originations, with large investors increasingly turning to BPL lenders like Dunmor. 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.

Residential 364

Residential Lending Finance Banks 364

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. But let’s suppose all that occurs.

Finance 448

Finance Agents FHA loan Closing costs 448

Housing Wire

MARCH 21, 2025

’ In a presentation for investors , Rocket outlined how its acquisition of Redfin will help the company create a more seamless and affordable way for consumers to transact real estate, showing how it will take consumers from the home search phase all the way through title and closing. But Zillow has that recognizable consumer brand.

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Loan Officer Loans Mortgages Title 292

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 321

Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

Finance 448

Finance Residential Investor Lending 448

Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. according to Inside Mortgage Finance (IMF). Rithm delivered strong and consistent performance in each of its core businesses, creating value for investors and shareholders.

Loans 411

Loans Equity Principal Mortgages 411

Housing Wire

OCTOBER 30, 2024

Founded by Karl Jacob and Allan Carroll in 2017, LoanSnap raised $100 million in seed funding from investors such as Richard Branson’s Virgin Group ; former NFL star Joe Montana’s Liquid 2 Ventures ; and LinkedIn co-founder Reid Hoffman.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Loans 468

Loans Investor Banks Finance 468

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

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. Borrowers can repay the loan early without penalty.

Equity 459

Equity Loans Debt-to-income ratio Renovation 459

Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S.

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Investor Mortgages Banks Principal 476

Housing Wire

MARCH 6, 2025

All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA). That would not be for the out-of-town investor, said Richards, who purchased the properties via Auction.com s new SmartSale program. Additionally, three of them are on the same street.

Renovation 349

Renovation Investor Property Management Development 349

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. This data does not include originations of proprietary reverse mortgages, but no provider of these loans publicly shares the sales volume figures for their private-label products. 1 lender in the country with 7,784 endorsements in the 12-month period ending on May 31, 2024.

Finance 459

Finance Investor Mortgages Equity 459

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. billion that closed.

Investor 482

Investor Marketing Construction Loans 482

Housing Wire

JANUARY 5, 2022

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio.

Loans 525

Loans Finance Title Mortgages 525

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

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

Loans 448

Loans Renovation Principal Finance 448

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. It was not specified how many employees nor which specific divisions were impacted.

Finance 482

Finance Sales Equity Mortgages 482

Housing Wire

JULY 18, 2024

launched on Wednesday to serve international investors in U.S. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

FEBRUARY 10, 2025

Kiavis expansion into these 13 additional markets provides an immediate opportunity to equip more real estate investors with the fast, reliable, and transparent capital they need to create move-in ready housing while scaling their businesses, Arvind Mohan , CEO of Kiavi , said in a statement. In 2024, Kiavi reportedly originated a record $6.5

Lending 326

Lending New Construction Residential Investor 326

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. The product, which rolled out on Tuesday, combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. Unison has more than $1.8

Equity 434

Equity Loans Finance Mortgages 434

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

JANUARY 24, 2025

Under the terms of the investment, Newfi will continue to provide an initial financing facility to expand Dunmors origination capacity. It offers four types of RTL products bridge, fix and flip , ground-up construction and debt-service-coverage ratio (DSCR) loans.

Equity 367

Equity Lending Residential Branding 367

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options. billion in 2022 production volume, per Scotsman Guide.

Lending 448

Lending Banks Loans Renovation 448

Housing Wire

MARCH 20, 2025

After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. “These are highly valuable buyers and sellers with a strong intent to transact.

Mortgages 281

Mortgages Loan Officer Brokerage Loans 281

Housing Wire

OCTOBER 5, 2023

Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing.

Technology 435

Technology Loans Lending Residential 435

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

Investor 468

Investor Lending Equity Mortgages 468

Housing Wire

FEBRUARY 13, 2025

San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). Kiavi reported that the offered notes were “oversubscribed by five times its capacity” as institutional investors showed interest.

Land 259

Land Investor Principal New Construction 259

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. He added that Splitero was looking for other investors and hinted that the company would have some good news to share soon. During a phone interview with HousingWire on Oct.

Equity 448

Equity Investor Loan Officer Finance 448