Housing Wire

DECEMBER 20, 2024

Mitchell, who has reverse mortgage industry experience in the loan origination system (LOS) space, sat down with HousingWire s Reverse Mortgage Daily (RMD) to talk about the market opportunity that he sees and where he hopes the industry can go from here. Not long after, the company was acquired by Constellation Software.

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Housing Wire

MARCH 3, 2025

HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries.

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Housing Wire

FEBRUARY 20, 2025

Compass shares our passion for empowering clients at every stage of their homeownership journey and has been a powerful leader in driving positive change within our industry, Thomas Anderson, president of Washington Fine Properties, said in a statement. At the end of 2023, the number of principal agents at the brokerage stood at 14,683.

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Housing Wire

NOVEMBER 21, 2024

As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spearhead those efforts,” KW President and CEO Mark Willis said in a statement. “An

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Housing Wire

JUNE 3, 2024

And industry experts have pointed out that many ARM loans have reset — or will soon reset —at higher rates. BTIG analysts Eric Hagen and Jake Katsikas said in a report released Monday that there is about $550 billion in outstanding unpaid principal balance (UPB) tied to ARMs, or 5% of the single-family mortgage market.

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Housing Wire

JUNE 28, 2023

While it will take time to fully implement AI in the mortgage industry, the most practical use of AI in the mortgage process is document and data point recognition — or finding data and figuring out what the data is, according to a new Stratmor report on the potentials and limitations of AI.

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Housing Wire

NOVEMBER 14, 2024

In the case of FOA — the current industry leader — the earnings results were robust. While Ellington’s results were softer in comparison , company leaders remain bullish on profitability prospects for Longbridge and the wider industry. With several top 10 reverse mortgage lenders now active in some form within the U.S.

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Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s Cabe has similar feelings as his colleagues in different parts of the country, and he is generally optimistic about the state of the industry in early 2024. “I I think things have definitely picked up,” he said.

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Housing Wire

NOVEMBER 2, 2022

The housing industry, from servicers to real estate agents and more, will feel the impacts of this year’s hurricane season far beyond 2022. Gibson went on to discuss reform that could help the industry move toward greater resilience in order to be more prepared for the next disaster. 16, 2022, according to FEMA.

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Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Mr. Cooper Group , loanDepot , First American and Fidelity National Financial Inc.

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Housing Wire

FEBRUARY 24, 2023

That’s why industry leaders are working on new solutions to the loss mitigation toolkit, including successors for the Covid-19 partial claim options. Among other initiatives, the FHA raised the maximum partial claim amount from 25% of the mortgage ‘s unpaid principal balance to the maximum 30% allowed by statute.

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Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. Almost any time in history the U.S.

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Housing Wire

APRIL 3, 2025

A lawsuit over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender has been brought to an end with a summary judgment, but the plaintiffs in the case have vowed to appeal the decision. The entire industry should be alarmed at this ruling and the governments unlawful seizure of collateral.

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Housing Wire

JANUARY 25, 2025

The mortgage industry continues to basically put up new challenges but also new wins and new exciting paths across our entire industry. Sanchez: Newrez has a giant servicing business with $755 billion in unpaid principal balance. Silverstein: Its been a wild ride, but its also been fun. Its been exciting.

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Housing Wire

MARCH 20, 2024

“Although the timing of the cuts and when they will commence is still an open question, the fact that the recent uneven inflation data did not appear to alter the Fed’s projection of three rate cuts in 2024 is reason for optimism,” said Marty Green, principal at Polunsky Beitel Green.

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Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

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Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. A housing recession is here, Marty Green, principal at Polunsky Beitel Green , emphasized. . As of September, the median home price was $384,800 for existing homes of all types, an 8.4%

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Housing Wire

JANUARY 10, 2025

“Our clients appreciate their ability to internalize their core challenges, and apply their comprehensive industry knowledge to solving them.” Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting.

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Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Housing Wire

MARCH 1, 2023

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. However, the ramifications of climate risk are now being felt throughout the broader industry, especially as a larger and larger percentage of this damage comes in the form of uninsured losses. You build the home to code.

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Housing Wire

JANUARY 14, 2025

To excel, you must enter the industry with four main elements: a clear vision, a recognizable brand, an inspired team, and the systems to support them. If you live in one those states, leveling up your career might mean studying to become a Managing Broker or Principal Broker. The industry is constantly evolving.

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Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said.

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Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. The industry wants a complete stop.

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Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55.

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Housing Wire

FEBRUARY 4, 2025

A bill introduced in January to the New York state Senate is seeking to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product, as well as the obligations that a borrower assumes when engaging with the industry. PLFs were reduced in 2009, 2010, 2013 and 2017.

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Housing Wire

JANUARY 21, 2025

Platforms like Mortgage Servicer can handle all standard industry reporting methods. They also manage Principal and Interest (P&I) and Taxes and Insurance (T&I) advances and recoveries. They automatically generate essential reports, including reconciliation, remittance, delinquency, prepaid, and balance reports.

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Housing Wire

MARCH 11, 2025

. “We are thrilled to welcome Jeff and Brett to Milliman,” said Jonathan Glowacki, a principal at Milliman. “Their extensive experience in financial services transactions, coupled with their deep understanding of the mortgage industry, will be invaluable as we expand our capabilities in the mortgage industry.

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Housing Wire

FEBRUARY 19, 2025

Since NAR’s revenue model is based on the number of agents in the industry paying dues, I believe they don’t want large brokerages and top agents to gain market share because it would result in less agents in the industry and less revenue from agent dues, Reffkin said on the call.

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Housing Wire

MARCH 19, 2025

With 30 years of real estate industry experience, Smitty Smith will take on the role of lead broker and he has also been appointed to be the managing broker at United Real Estate Richmond. United Real Estate Richmond is the largest Black-owned real estate brokerage in America, founded by brothers John S Finn Jr. and Jeffrey S Finn.

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Housing Wire

FEBRUARY 2, 2021

The total principal value of the digital pools came to about $24 million. This event is the culmination of efforts by numerous internal and external stakeholders in our digital initiatives, including issuers, document custodians, warehouse lenders, technology providers and other industry partners.”.

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Housing Wire

APRIL 1, 2025

Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry. The 2025 HousingWire Rising Stars have demonstrated exceptional leadership, expertise, and dedication to moving the industry forward.

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Housing Wire

AUGUST 16, 2024

“Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. These values align seamlessly with the Compass culture.

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Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

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Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent?

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Housing Wire

OCTOBER 3, 2024

He previously worked with VineLight’s principals, Bryan Binder and Jason Garmise, at CastleLine , a provider of mortgage data and insurance products. Binder said the focus is on providing “innovative solutions to the mortgage industry,” which will improve “efficiency and profitability” and “transform the securitization market.”

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Housing Wire

APRIL 24, 2024

The Rising Stars award recognizes the emerging leaders in the industry who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones all before the age of 40. HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate.

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Housing Wire

FEBRUARY 28, 2022

The FHFA would also eliminate the non-performing loan charge, which industry stakeholders had complained was procyclical, the agency wrote. The lowest minimum liquidity requirement — for those servicers who are only obligated to pay whatever interest and principal the borrower pays — would be set at 3.5 basis points.

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