Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release.

Banks 456

Banks Lending Loan Officer Loans 456

Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. CFPB Director Rohit Chopra praised Ficklin’s fair lending work in a statement published by American Banker.

Lending 435

Lending Banks Finance Mortgages 435

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The financing can be used to make a down payment, pay down debt, or cover repairs and moving expenses. billion.

Lending 448

Lending Loans Loan Officer Equity 448

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , The Federal Housing Finance Agency (FHFA) has added new requirements in its Duty to Serve plans that govern Fannie Mae and Freddie Mac , as well as tweaks to loan-level pricing adjustments (LLPAs).

Lending 481

Lending Closing Banks Commercial 481

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 448

Lending Branding Loan Officer Technology 448

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. 16 in the most recent rankings.

Equity 488

Equity Lending Banks Loans 488

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 448

Lending Mortgages Equity Loan Officer 448

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 445

Lending Technology Loans Mortgages 445

Housing Wire

NOVEMBER 20, 2024

In an exclusive executive conversation, HousingWire sat down with Jonathan Scarpati, senior vice president of Wholesale Production at Finance of America , to explore home equity products, opportunities for mortgage professionals to leverage them, and more. HousingWire: How did you get into Finance of America and the industry?

Equity 370

Equity Finance Marketing Lending 370

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

DECEMBER 23, 2024

While some forward lending companies have gone out of their way to acquire and incorporate reverse mortgage lending divisions into their ongoing operations, others have bolstered their existing reverse mortgage divisions. Finance of America (FOA) had a booth presence at the event.

Lending 396

Lending Mortgages Industrial Finance 396

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 448

Lending Mortgages VA loan Finance 448

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 410

Finance Lending Loans Banks 410

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. The survey asks officers about topics such as changes in lending terms as well as household demand for loans. There’s some optimism, however.

Residential 497

Residential Lending Banks Mortgages 497

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

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. “As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.”

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. That was down 18% year over year, per Inside Mortgage Finance estimates. Fairway Independent Mortgage Corp. million civil penalty. The company ranked No.

Lending 468

Lending Loan Officer Loans Mortgages 468

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Condos in Florida have to be next level,” said one retail lending executive. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Condos are hard.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. 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

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

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Residential 435

Residential Lending Finance Investor 435

Housing Wire

OCTOBER 31, 2024

The Federal Housing Finance Agency (FHFA) on Thursday said it will aim to simplify the process of funding affordable housing projects through the Federal Home Loan Banks (FHLBanks). The advisory bulletin came in response to comments by sponsors that have called the process too cumbersome.

Finance 344

Finance Banks Staging Loans 344

Housing Wire

JULY 15, 2024

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena.

Lending 432

Lending Finance Loans Construction 432

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

AUGUST 14, 2024

Planet Home Lending confirmed on Tuesday the acquisition of certain retail assets from Axia Home Loans , describing the transaction as an opportunity to expand its operations in the Western, Northwestern, and Midwestern markets. Editor’s note: Planet Home Lending CEO Michael Dubeck will speak at HousingWire’s IMB Summit on October 1st.

Lending 435

Lending Loan Officer Finance Loans 435

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. The home-only lending market presents several major opportunities.

Title 476

Title Finance Loans Lending 476

Housing Wire

FEBRUARY 21, 2024

The industry side of the board includes Eddy Perez, CEO of Equity Prime Mortgage (EPM) ; Phil Shoemaker , CEO of The Loan Store ; Chris Vinson, CEO of Windsor Mortgage ; and Kevin Peranio, chief lending officer of Paramount Residential Mortgage Group (PRMG).

Lending 435

Lending Finance Loans Mortgages 435

Housing Wire

JULY 23, 2024

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California -based lender. It operates through consumer direct and broker channels.

Lending 445

Lending Banks Residential Construction 445

Housing Wire

AUGUST 15, 2024

Industry veteran Thanh Roettele , who spent more than 28 years at JPMorgan and was the managing director of its mortgage warehouse finance business, is transitioning to Scotiabank. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic.

Mortgages 448

Mortgages Banks Finance Lending 448

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. Homebuyers shouldn’t receive different levels of protection just because of the type of financing they use to purchase their homes.

Mortgages 482

Mortgages Land Lending Finance 482

Housing Wire

FEBRUARY 7, 2024

mortgage finance system. The Underserved Mortgage Markets Coalition’s new blueprint equips Fannie Mae and Freddie Mac with the guidance they need to comply with this federal regulation and expand housing finance opportunities in unprecedented, potentially revolutionary ways.”

Land lease 459

Land lease Land Lending Finance 459

Housing Wire

MAY 15, 2024

300 to 850) and also uses score-to-odds ratios, meaning that most lenders will not need to adjust their credit or lending policies to use the new pilot program. In February, the Federal Housing Finance Agency (FHFA) announced that the transition to new credit-score requirements is expected to begin in the fourth quarter of 2025.

Lending 459

Lending Banks Finance Loans 459

Housing Wire

SEPTEMBER 10, 2024

Barr said the proposed changes include “reducing the risk weights for residential real estate and retail exposures, extending the scope of the reduced risk weight for certain low-risk corporate debt, and eliminating the minimum haircut for securities financing transactions,” he said.

Banks 448

Banks Lending Finance Loans 448

Housing Wire

APRIL 24, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Earlier this month, Figure launched its Digital Asset Registration Technologies (DART) platform, making it available to private and wholesale lending partners.

Lending 465

Lending Technology Design Finance 465

Housing Wire

JANUARY 24, 2024

T]he Single-Family Social Index [is] a creative disclosure solution that provides insights into the mission-oriented lending activities underlying our mortgage-backed securities (MBS),” the joint post said. housing.”

Investor 493

Investor Lending Loans Finance 493

Housing Wire

SEPTEMBER 5, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending. Snyder and his leadership team have executed M&A deals with strategic vision along with textbook execution and integration.

Lending 459

Lending Staging Banks Mortgages 459

Housing Wire

MARCH 7, 2024

But major financial institutions have opposed the proposal, decrying its adverse effects on lending activities. Heightened residential mortgage capital requirements for larger depository institutions could further strain an already challenged housing finance landscape. banks to earmark billions more in capital reserves.

Banks 448

Banks Lending Residential Staging 448