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. According to a filing from the California Department of Financial Protection and Innovation dated Oct. 18, LoanSnap had its license revoked after it failed to renew its surety bond.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

FEBRUARY 6, 2025

New data released Thursday by the Mortgage Bankers Association (MBA) revealed that the delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of 2024. Department of Veterans Affairs loans.

VA loan 388

VA loan FHA loan Debt-to-income ratio Loans 388

Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

FHA loan 360

FHA loan VA loan Mortgages Loans 360

Housing Wire

JULY 10, 2024

Highlands Residential Mortgage announced that Dan Carson recently joined the company as a senior vice president and area manager of its Park Cities branch in Dallas. I love the mortgage industry and I can’t wait to share that passion and drive that comes with it to the Highlands Residential Mortgage Team.“ “We billion in volume.

Residential 429

Residential Mortgages Banks Industrial 429

Housing Wire

APRIL 17, 2025

mortgage lender United Wholesale Mortgage (UWM) on Wednesday became the target of a lawsuit from the Ohio Attorney General, Dave Yost, who claims UWM conspired with mortgage brokers to steer loans and rip off consumers in Ohio. Rather, they were ensnared in UWMs scheme, and steered, without their knowledge, to UWMs higher-priced loans.”

Lending 385

Lending Loans Mortgages Residential 385

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. Its product mix includes fix-and-flip loans, bridge loans and construction loans.

Residential 435

Residential Lending Finance Investor 435

Housing Wire

APRIL 18, 2025

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. of these transactions contained issues that could lead to fraud, with each problematic loan averaging 2.5 It found that 46.8% errors the highest number on record.

Title 348

Title Closing Commercial Loans 348

Housing Wire

SEPTEMBER 19, 2023

Alterra Home Loans , a Nevada headquartered retail lender and a Panorama Mortgage Group company, has promoted Fernando Ospina to president. He originated more than $46 million in loans in 2022, the company said. billion across 3,900 loans in 2022, data from mortgage data platform Modex showed. The company originated $1.23

Loans 459

Loans Lending Residential Mortgages 459

Housing Wire

JULY 8, 2024

Roughly eight months after acquiring PacWest Bancorp in a rescue deal , Banc of California is selling roughly $2 billion in business-purpose residential mortgage loans, according to Bloomberg. billion of single-family residential loans at a discount. The bank entered into an agreement to buy $1.8

Loans 434

Loans Principal Banks Residential 434

Housing Wire

AUGUST 2, 2024

is acquiring Garden State Home Loans Inc. Garden State had 34 sponsored loan officers and two active branches—in Medford (New Jersey) and Maitland (Florida)—as of Friday, per the Nationwide Multistate Licensing System (NMLS). billion in 19,000 loans since its foundation. OceanFirst Bank N.A.

Banks 465

Banks Loans Loan Officer Lending 465

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

Housing Wire

JULY 22, 2024

San Francisco -based private lender Kiavi announced Monday that it has closed another multimillion-dollar securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. million in short-term RTLs (aka fix-and-flip loans or bridge loans) across 18 transactions since 2019.

Loans 458

Loans Closing Investor Principal 458

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans was acquired by investment firm Pretium in November 2021.

Loans 468

Loans Investor Banks Finance 468

Housing Wire

SEPTEMBER 25, 2023

Federal student loan payments resuming on Oct. 1 will negatively affect consumer loan asset quality, including credit card, auto and, to a lesser extent, residential mortgages. According to the analysts, job market conditions remain the primary driver of consumer loan performance. in Q2 2023. in Q2 2023.

Loans 448

Loans Mortgages Bankruptcy Residential 448

Housing Wire

JUNE 5, 2024

Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac , but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to recently released data and public filings. Breaking it down There was a total of $335.6

Loans 446

Loans Mortgages Industrial Principal 446

Housing Wire

FEBRUARY 11, 2025

The initial digital integration involved reports, pay stubs and W-2s to the more than 370 mortgage companies and 52,000 loan officers that rely on nCino to manage the loan application process. Our expanded integration with nCino reflects Argyles commitment to meeting lenders and their customers throughout the loan journey.

Loan Officer 354

Loan Officer Loans Mortgages Residential 354

Housing Wire

DECEMBER 1, 2023

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan.

FHA loan 482

FHA loan Loans Finance Mortgages 482

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

Loans 448

Loans Renovation Principal Finance 448

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Equity 360

Equity Lending Residential Branding 360

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. retail residential mortgage applications. But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S.

Loans 435

Loans Mortgages Fixed-rate mortgage Banks 435

Housing Wire

OCTOBER 5, 2023

Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing.

Technology 435

Technology Loans Lending Residential 435

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Loans 434

Loans Finance Residential Renovation 434

Housing Wire

FEBRUARY 4, 2025

In June 2024, it completed the $70 million acquisition of Great Ajax , transitioning the business from a legacy residential loan platform to a vehicle focused on commercial real estate. A year prior, it acquired Sculptor Capital Management , along with Computershare Mortgage Services and Specialized Loan Servicing (SLS).

Commercial 380

Commercial Residential Loans Banks 380

Housing Wire

APRIL 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans.

Loans 476

Loans Title Commercial Residential 476

Housing Wire

JANUARY 18, 2023

retail and residential market shows how demand for home loans has quickly increased. The Market Composite Index, a measure of mortgage loan application volume, rose 27.9% The MBA measured the 30-year fixed rate for conforming loan balances ($726,200 or less), which decreased to 6.23% this week from 6.42% last week.

Loans 468

Loans Mortgages Residential Marketing 468

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. We’re seeing a downward trend in total [loans] repurchased [on a dollar basis], and that’s true for both Fannie and Freddie,” Ludden said. “I

Loans 448

Loans Due diligence Investor Technology 448

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. retail residential mortgage applications.

Loans 418

Loans Mortgages Loan Officer Fixed-rate mortgage 418

Housing Wire

APRIL 18, 2025

Planting his roots Stone got his industry start at just 25 years old, quickly making a name for himself while taking on a variety of projects including residential subdivisions, warehouses and even a medical office condominium. I did residential, I did commercial, you name it. I actually had a real estate license, he said.

Title 368

Title Residential Industrial Commercial 368

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 289

Debt-to-income ratio Loan Officer Marketing Loans 289

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Loans 459

Loans FHA loan Mortgages Loan Officer 459

Housing Wire

FEBRUARY 3, 2025

The hits keep coming for now-defunct residential sale-leaseback platform EasyKnock. The suits accused EasyKnock of using a deceptive and unfair lending scheme to lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as Sell & Stay transactions. Originally filed by EasyKnock in Nov.

Lending 388

Lending Equity Investor Residential 388

Housing Wire

APRIL 18, 2025

By product type, conventional loans composed 49.0% of loan applications, FHA loans composed 37.0%, RHS/ USDA loans composed 0.9% and VA loans composed 13%. The average loan size for new homes decreased from $397,516 in February to $381,921 in March. compared to a year ago.

VA loan 201

VA loan FHA loan Mortgages Loans 201

Housing Wire

FEBRUARY 24, 2025

billion deal to acquire the depository bank’s residential mortgage servicing operations. trillion in its servicing portfolio and has made big upgrades in technology to help recapture loans. Cooper won’t be onboarding as many Flagstar Bank employees as initially projected in its $1.4 It now has north of $1.5

Banks 348

Banks Residential Mortgages Technology 348

Housing Wire

JANUARY 21, 2025

This could negate any profit potential from increased loan volume. To combat this, lenders should retain their servicing rights to collect the maximum amount of revenue throughout the loan’s life. Effective loan servicing positions servicers as reliable advisors for the homeowner.

Mortgages 369

Mortgages Investor Loans Principal 369

Housing Wire

MARCH 5, 2024

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. said Craig Strent, former CEO of Apex Home Loans and head of the faculty of mentors at The Loan Atlas , a mortgage coaching platform. “A

Loan Officer 448

Loan Officer Loans Mortgages As-is 448

Housing Wire

MARCH 17, 2025

Among the provisions of the new bill, the relevant section stipulates that [a] foreclosure prevention fee of $80 shall be assessed for each residential mortgage loan originated, excepting only reverse mortgage loans issued to seniors over the age of 61, it says.

Mortgages 354

Mortgages Loans Equity Residential 354

Housing Wire

JANUARY 30, 2025

We’re looking at product expansions and introducing products that we have or through our sister company Anchor Home Loans , which specializes in residential transition loans (RTLs). If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors.

New Construction 294

New Construction Construction Marketing Investor 294