Housing Wire

SEPTEMBER 18, 2024

For those of us in the mortgage world, the spring and summer market may be showing some signs of slowing down, and what a ride this market has been. If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. You see, social media glorifies success; think about it.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

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 396

Industrial Mortgages Loans Finance 396

Housing Wire

SEPTEMBER 20, 2024

The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. The event is typically the largest, most expansive meeting for a wide variety of reverse mortgage professionals. 24-26 in San Diego.

Industrial 467

Industrial Mortgages Loan Officer Lending 467

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 447

Industrial Mortgages Finance Development 447

Housing Wire

SEPTEMBER 20, 2024

Kevin Wilzbach : Without question, the growth in the use of AI and particularly GenAI has been transformational for the banking industry. Kevin Wilzbach: While the industry awaits relief in the form of interest rate reductions, there’s no quick fix to the associated high costs of housing in the near term.

Lending 459

Lending Industrial Mortgages Technology 459

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based).

Industrial 459

Industrial Mortgages Technology Development 459

Housing Wire

SEPTEMBER 27, 2024

The National Reverse Mortgage Lenders Association (NRMLA) concluded the 2024 edition of its Annual Meeting and Expo on Thursday afternoon. But others, including longtime industry veterans, also said they detected an energy at the event. It’s always really great to connect with others in the industry,” she said.

Industrial 448

Industrial Mortgages Loans Title 448

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Heres how: 1. FobbyNaghmi is the SeniorVicePresidentofHomecomings.

Industrial 391

Industrial Loan Officer Mortgages Loans 391

Housing Wire

OCTOBER 16, 2024

Carol Dujanovich, senior vice president and director of reverse mortgages at University Bank , has been reappointed to a new three-year term as a member of the U.S. Housing counseling is a critical element of the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage ( HECM ) program.

Industrial 433

Industrial Banks Lending Equity 433

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

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

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.

Mortgages 459

Mortgages Technology Staging Industrial 459

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

AUGUST 2, 2024

Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry. Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry.

Mortgages 493

Mortgages Marketing Construction Residential 493

Housing Wire

OCTOBER 7, 2024

Despite 2024 being a challenging year for sales volume, the reverse mortgage industry is still encouraged by the engagement of the Federal Housing Administration (FHA) on matters related to the Home Equity Conversion Mortgage (HECM) program, as well as attention to back-end loan issues from Ginnie Mae.

Mortgages 467

Mortgages Loans Industrial Development 467

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 475

Mortgages Industrial Loans Finance 475

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 441

Technology Mortgages Marketing Loans 441

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. Among the nation’s top 10 reverse mortgage lenders, Onity Group Inc. The reverse share accounts for 1.4%

Mortgages 416

Mortgages Bankruptcy Short sale Loans 416

Housing Wire

SEPTEMBER 11, 2024

On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. That means some borrowers are getting mortgage rate quotes under 6% today, so the rate environment has improved greatly from the highs around 7.50% this year. The mortgage spreads are improving in 2024.

Mortgages 514

Mortgages Loans Sales Marketing 514

Housing Wire

OCTOBER 28, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it is helping to develop. But now, there is more specific work on language, he explained.

Mortgages 446

Mortgages Lending Industrial Title 446

Housing Wire

SEPTEMBER 19, 2024

The Federal Reserve cut rates on Wednesday and mortgage rates went up! The 10-year yield and 30-year mortgage rates have been in a slow dance since 1971 and trended together. The growth of housing permits is a good sign for economic expansion, and falling mortgage rates since June have helped push this data line. What happened?

Mortgages 531

Mortgages Marketing As-is Industrial 531

Housing Wire

OCTOBER 4, 2024

Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower, which it has. Retail sales, housing starts, industrial production, jobless claims and now the Jobs Friday report came in as a beat of estimates.

Mortgages 493

Mortgages Construction Residential Sales 493

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

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence.

Mortgages 435

Mortgages Lending Industrial Development 435

Housing Wire

OCTOBER 3, 2024

SitusAMC has struck a deal to sell a majority stake of two subsidiaries focused on mortgage risk management to investment firm VineLight Venture. It comes as Securent seeks capital to invest in rising-demand products, especially in the residential mortgage-backed securities (RMBS) space. The terms of the agreement were not disclosed.

Mortgages 447

Mortgages Principal Residential Brokerage 447

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

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 433

Mortgages Equity Loan Officer Loans 433

Housing Wire

SEPTEMBER 26, 2024

New York-based Simplist Technologies , which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).

Mortgages 447

Mortgages Loans Technology Branding 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

OCTOBER 5, 2024

18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. This explains the rise in mortgage rates since the Fed cut rates.

Mortgages 511

Mortgages As-is Sales Marketing 511

Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. It is utilizing a cross-selling strategy that offers additional products to its existing customers in an evolving mortgage landscape.

Mortgages 448

Mortgages Technology Equity Industrial 448

Housing Wire

JANUARY 8, 2025

California -based direct lender AmeriTrust Mortgage announced a new addition to its leadership team. The company welcomed veteran mortgage executive Jett Farrington this week as its new chief operating officer. Schoep told HousingWire that Farrington has a proven track record of leadership, expansion and mortgage industry expertise.

Mortgages 397

Mortgages Loans Industrial Banks 397

Housing Wire

NOVEMBER 18, 2024

In preparation for widespread credit scoring changes , leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 by a number of industry players. now or risk losing access to key mortgage GSEs.” credit model.

Mortgages 416

Mortgages Principal Banks Loans 416

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.

Lending 395

Lending Mortgages Industrial Finance 395

Housing Wire

OCTOBER 22, 2024

To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship. Streamlining regulatory compliance Dara offers a solution to the compliance challenge in an industry overseen by evolving regulations.

Mortgages 447

Mortgages Technology Design Investor 447

Housing Wire

AUGUST 15, 2024

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising. Geographically, there’s divergence between mortgage delinquency and foreclosure activity.

Mortgages 474

Mortgages VA loan FHA loan Staging 474

Housing Wire

JANUARY 27, 2025

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity. Unlock Partnership Solutions case in the U.S.

Equity 369

Equity Mortgages Loans Residential 369