Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

OCTOBER 17, 2024

Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. Vishal Garg , founder and CEO of Better, said in a statement that “fulfilling a mortgage loan is labor-intensive and rules-driven, but Betsy automates the process.”

Loans 435

Loans Loan Officer Lending Mortgages 435

Housing Wire

DECEMBER 5, 2024

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial.

Residential 392

Residential Construction Loans Mortgages 392

Housing Wire

JANUARY 6, 2025

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Before joining Logan, Gonzalez served as president and COO at Panorama Mortgage Group. Gonzalez also sits on the Lender Member Board of Directors and is the 2025 Vice Chair-elect for The Mortgage Collaborative.

Finance 417

Finance Lending Loans Banks 417

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. Finance a loan, and you may lose money.

Loans 333

Loans Mortgages Equity Construction 333

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. The interest rate on the loan has been lowered from 9.99% to 9.49%. The interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

JANUARY 10, 2025

Representatives from lenders and servicers, as well as individual originators, have told HousingWire s Reverse Mortgage Daily (RMD) that its imperative for borrowers to let their servicer know about anything that could impact the occupancy of their property due to the terms of Federal Housing Administration (FHA)-backed reverse mortgages.

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

MARCH 27, 2025

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. This is about fundamentally transforming how the mortgage ecosystem works together.” ”

Mortgages 306

Mortgages Loan Officer Technology Loans 306

Housing Wire

MARCH 12, 2025

Evergreen Home Loans has expanded into New Mexico , opening branches in Albuquerque and Carlsbad. Evergreen, a direct mortgage lender serving the western U.S., provides origination, funding and servicing for home loans. The locations will be led by area manager Barry Abt, the company announced Wednesday.

Loans 345

Loans Construction Finance Mortgages 345

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The refinance index decreased 26% from the previous week and was 111% higher than the same week one year ago.

Mortgages 521

Mortgages Loans As-is Marketing 521

Housing Wire

MARCH 24, 2025

Mortgage denial rates vary significantly across the U.S., Three Southern states recorded the nations highest mortgage denial rates in 2023, the trade group reported in its Snapshot of Race and Home Buying in America. Realtor.com chief economist Danielle Hale explained that a range of financial factors contribute to mortgage denials.

Debt-to-income ratio 317

Debt-to-income ratio FHA loan Mortgages Loans 317

Housing Wire

DECEMBER 18, 2024

Mortgage applications declined 0.7% 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Adjustable-rate mortgage (ARM) activity remained steady at 5.3%

VA loan 395

VA loan Mortgages FHA loan Loans 395

Housing Wire

DECEMBER 11, 2024

Mortgage applications increased 5.4% 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks. share a week prior.

As-is 397

As-is VA loan Mortgages Loans 397

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. But mortgage rates have posted an unusually large decline in the past week. Mortgage pricing should be down a tad today, he said. This would be a clear headwind to any further rate cuts.

Mortgages 483

Mortgages Sales Finance Closing 483

Housing Wire

OCTOBER 31, 2024

By at least one measurement, affordability is improving for prospective homebuyers, even as home prices continue to rise and mortgage credit availability remains relatively low. According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applicants declined by 0.8%

FHA loan 448

FHA loan Mortgages Loans As-is 448

Housing Wire

NOVEMBER 1, 2024

With mortgage rates moving closer to 7% once again, recent homebuyers are finding creative ways to lock in lower rates. This comes despite rising mortgage rates and a 115% increase in the typical mortgage payment compared to pre-pandemic levels. There are also nontraditional loan types such as an adjustable-rate mortgage (ARM).

Mortgages 321

Mortgages Finance Loan Officer Loans 321

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

Mortgages 459

Mortgages Loan Officer Loans Technology 459

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Loan details needing attention are routed to a professional for a better borrower experience.

Loans 435

Loans Investor Closing Lending 435

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. The agreement, which was submitted for court approval, requires the Madison, Wisconsin-based mortgage lender to pay a $1.9

Lending 468

Lending Loan Officer Loans Mortgages 468

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. That’s one out of every six mortgages in America. Cooper, will be president and CEO of Rocket Mortgage, reporting to Krishna.

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

MARCH 10, 2025

A reverse mortgage could have benefits for a qualifying borrower, but anyone considering these loans should also be mindful of the potential risks. This is according to nationally syndicated personal finance columnist Liz Weston in one of her latest pieces. If she moves out, she is required to sell the home.

Mortgages 311

Mortgages Equity Loans Finance 311

Housing Wire

JANUARY 24, 2025

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. About 13% of all complaints were related to applying for a loan or refinancing an existing one.

Mortgages 417

Mortgages Bankruptcy Short sale Loans 417

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. million in cash, restricted cash, short-term investments and self-funded loans.

Mortgages 370

Mortgages Loan Officer Loans Technology 370

Housing Wire

MARCH 14, 2025

The mortgage professional of the future goes beyond the transaction. Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators.

Mortgages 362

Mortgages Loan Officer Marketing Loans 362

Housing Wire

NOVEMBER 14, 2024

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. During that time, he helped with credit risk transfer transactions and the first mortgage servicing rights (MSR) securitizations.

Mortgages 370

Mortgages Loan Officer Loans Banks 370

Housing Wire

OCTOBER 30, 2024

A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% The refinance share of mortgage activity decreased to 43.1% the previous week.

Mortgages 468

Mortgages Loans Sales Marketing 468

Housing Wire

MARCH 10, 2025

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

MARCH 12, 2025

This is AI meets modern home financing and its transforming the way people buy homes, Lane Hornung , co-founder and CEO of zavvie, said in a statement. Our new platform brings unprecedented speed and certainty to home financing, helping loan officers and their clients win more deals. Cash and certainty win deals, Hornung added.

Finance 207

Finance Loan Officer Loans Technology 207

Housing Wire

JANUARY 14, 2025

Mortgage rates continued their ascent this week after Fridays jobs report showed that employers added more positions than expected in December, which is likely to cement a pause on interest rate cuts by the Federal Reserve later this month. The 15-year conforming loan rate averaged 7.34% on Tuesday up an astonishing 23 bps in the past week.

Mortgages 418

Mortgages Banks Loans As-is 418

Housing Wire

FEBRUARY 13, 2025

Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue ‘s January 2025 Market Advantage mortgage data report released Thursday. Rate-and-term refis dipped 20% from December due to a less friendly mortgage rate environment.

VA loan 321

VA loan FHA loan Mortgages Loans 321

Housing Wire

FEBRUARY 14, 2025

In 2024, Fannie Mae provided $381 billion of liquidity to the single-family and multifamily mortgage markets. Fannie Mae acquired approximately 778,000 single-family purchase loans totaling $326 billion, of which roughly half were for first-time homebuyers, as well as roughly 204,000 single-family refinances in 2024. trillion in 2024.

Mortgages 350

Mortgages Loans Lending Sales 350

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. Many first-time homebuyers are stretching their finances to the limit. The affordability crisis extends beyond mortgage payments. ADU is a big requirement now.

Debt-to-income ratio 293

Debt-to-income ratio Loan Officer Marketing Loans 293

Housing Wire

DECEMBER 4, 2024

Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

FEBRUARY 13, 2025

Health care information and caregiving marketplace website Care.com published an article that examines several practical ways that someone could choose to finance their long-term care (LTC) goals. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.

Mortgages 358

Mortgages Equity Loans Closing costs 358

Housing Wire

OCTOBER 23, 2024

Stubbornly high rates have hindered mortgage demand , but at least it’s better than it was a year ago. Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) weekly applications survey for the week ending Oct.

Mortgages 476

Mortgages Loans Sales Marketing 476