Housing Wire

FEBRUARY 4, 2025

Cornerstone Capital Bank , a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week. ” The Community Lending Division will offer mortgage programs and products tailored to benefit underserved borrowers.

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Lending Banks Mortgages Loans 337

Housing Wire

FEBRUARY 11, 2025

Mortgage lending, small business loans, and investments in local development projects are all driven by local lenders who know their markets, live in their communities, and have a vested interest in the growth of their economies. The availability of funding at the local level is the driving force in building stronger communities.

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Lending Development Banks Loans 393

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 270

Lending Equity Banks Construction 270

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.

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Loans Investor Closing Lending 435

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Debt-to-income ratio 412

Debt-to-income ratio Loans VA loan FHA loan 412

Housing Wire

DECEMBER 19, 2024

Planet Home Lending announced Thursday that it has hired Candice McNaught as senior vice president of business development and strategic initiatives for its distributed retail channel. She formerly held posts at Supreme Lending and NFM Lending. ” McNaught said she joined Planet because of its commitment to loan officers.

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Lending Loan Officer Loans Mortgages 396

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. The lending executive’s reviews on Zillow reflect stellar performance in North Carolina. Experience.com ranked Highlands Residential as the No.

Residential 392

Residential Construction Loans Mortgages 392

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. The lender was later acquired by Caliber Home Loans in September 2014, prompting Lindsay to continue her career as a loan consultant and sales manager there until December 2022.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

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Residential Lending Finance Banks 364

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. billion in home loan production. million people — Fairway had three retail loan offices and three desks in real estate offices, all in majority-white areas.

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Lending Loan Officer Loans Mortgages 468

Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. More renovations?

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Loan Officer Loans VA loan FHA loan 313

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

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Loans Mortgages Equity Construction 333

Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. Executives at Planet Home Lending were also on the call. According to Inside Mortgage Finance , Planet Home Lending ranked as the 22nd-largest mortgage lender in the U.S.

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Lending Loans Mortgages Finance 468

Housing Wire

JANUARY 30, 2025

Sage Home Loans Corp. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email. Sage Homes Loans is based in Fort Mill, South Carolina. John will reportedly focus on leading borrower retention efforts.

Loans 378

Loans Marketing Lending Banks 378

Housing Wire

OCTOBER 28, 2024

The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans 397

Loans Mortgages Technology Development 397

Housing Wire

MARCH 25, 2025

What’s the deal with all the discussion across the lending community about the fluctuation of the loan officer population recently? There have been social media posts and editorials debating the current total number of loan officers, whether the population has decreased, and if so, by how much.

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Loan Officer Loans Mortgages Industrial 220

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Bristol has a federal registration and has given the lender the flexibility to bring on loan officers who are not yet licensed. “Our goal is to be No.

Loans 370

Loans Mortgages Loan Officer Technology 370

Housing Wire

MARCH 30, 2025

However, the data references Freddie Mac ‘s Serious Delinquency levels on multifamily loans. These loans pertain to multifamily mortgages, which are used for commercial properties with five or more units, such as apartment buildings. But as we can see in the chart below, the data clearly identifies these as multifamily loans.

Fixed-rate mortgage 541

Fixed-rate mortgage Bankruptcy Loans Commercial 541

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. 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. PST on Oct.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

MARCH 19, 2025

Chief operating officer Tammy Richards is taking on a new role at Kind Lending. Richards announced Tuesday on LinkedIn that shes now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company. But her relationship with loanDepot ended in acrimony after she left in 2021.

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Lending Industrial Bankruptcy Mortgages 207

Housing Wire

NOVEMBER 20, 2024

Fair Lending Act. According to the document, HSBC allegedly engaged in discriminatory lending practices in majority Black and Hispanic neighborhoods in six U.S. and we are honored to support these efforts through our loans, investments and grants.” HSBC has committed $10 million in loan subsidies, including $3.5

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Loan Officer Lending Banks Loans 418

Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. reduction in residential lending activity compared to first-quarter 2023 and a 69.3% reduction in residential lending activity compared to first-quarter 2023 and a 69.3% All major mortgage lending categories sustained losses, the report said. Purchase-loan activity went down another 9.9%

Lending 493

Lending Mortgages Residential Loans 493

Housing Wire

OCTOBER 28, 2024

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination.

Inspection 448

Inspection Mortgages Technology Lending 448

Housing Wire

DECEMBER 10, 2024

OneTrust Home Loans , a DBA of CalCon Mutual Mortgage LLC based in San Diego , Calif., announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. Bodner, a 20-year mortgage professional, previously served OneTrust as a VP and reverse mortgage planner.

Lending 370

Lending Loans Mortgages Technology 370

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans.

Debt-to-income ratio 293

Debt-to-income ratio Loan Officer Marketing Loans 293

Housing Wire

MARCH 31, 2025

” Dominion explained that Harvey will aim to support real estate investors through “real-time guidance” on fix-and-flip loans and rental strategies. It is able to explain loan programs and walk potential borrowers through documentation and eligibility requirements on a 24/7 basis.

Investor 351

Investor Mortgages Lending Technology 351

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

MARCH 10, 2025

” Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Glenn Kelman , CEO of Redfin.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

OCTOBER 15, 2024

From there, Collins dives deeper into Tomo’s past and mentions its focus on purchase loans versus refinances and other product types. Collins points out that purchase lending is generally more stable than refinances. As such, Tomo’s priority goes beyond merely driving loan volume. “It

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Loans Marketing Technology Mortgages 259

Housing Wire

FEBRUARY 10, 2025

billion in loans, which the company said marked a 46% year-over-year increase. In July 2024, Kiavi announced its closing of a $350 million securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. In 2024, Kiavi reportedly originated a record $6.5

Lending 306

Lending New Construction Residential Investor 306

Housing Wire

SEPTEMBER 30, 2024

The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 With the rise of private lending comes an increase in competition, from new and traditional lenders.

Lending 435

Lending Technology Banks Loans 435

Housing Wire

AUGUST 30, 2024

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Its subsidiaries include Main Street Home Loans , BluPrint Home Loans , Elevate Home Loans and Element Home Loans. “Looking forward to seeing what we can do together.”

Lending 435

Lending Land Banks Loans 435

Housing Wire

NOVEMBER 20, 2024

Jonathan Scarpati: I started with Senior Lending Network out of New York. That growth presents an opportunity for reverse mortgages and home equity loans. HW: How do you envision home equity products evolving to meet the needs of both traditional loan originators and underserved borrowers in the coming years? Click Here

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Equity Finance Marketing Lending 370

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

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? Acra Lending has done precisely that. Acra Lending is a proven leader in the space, and it has adapted and thrived despite market shifts. higher interest rates and elevated home prices create openings for non-QM lending. billion to $3.47

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Lending Technology Loans Mortgages 286