Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule will implement a congressional mandate to establish consumer protections for residential PACE loans.

Loans 396

Loans Mortgages Finance Lending 396

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. These strong fund flows are resulting in tighter credit spreads, higher prices, and an increased focus on sourcing new originations.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

MARCH 13, 2025

Mortgage applications for new-home purchases fell 6.9% year over year in February, according to data from the Mortgage Bankers Association (MBA)’s Builder Application Survey that was released Thursday. Census Bureau ‘s new residential sales report hit a seasonally adjusted annual rate of 634,000 units in February, up 2.9%

FHA loan 365

FHA loan VA loan Mortgages Loans 365

Housing Wire

DECEMBER 23, 2024

When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise. As mortgage rates keep increasing along with supply, this doesnt bode well for housing starts growing meaningfully. Is 2025 the first year we start losing residential construction jobs?

Residential 525

Residential Construction Sales Mortgages 525

Housing Wire

FEBRUARY 7, 2025

The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. This is the reason mortgage rates are around 7% and not around 6% today.

Mortgages 456

Mortgages Marketing Residential Construction 456

Housing Wire

JANUARY 22, 2025

Mykhailyna, who is based in Denver, had previously held both a Colorado certified residential appraiser license and a controlling appraiser license. and Rocket Mortgage of discrimination under the Fair Housing Act. In addition to the revocation of his license, Mykhailyna must pay a total fine of $97,500.

Mortgages 418

Mortgages Residential Development 418

Housing Wire

JANUARY 27, 2025

It also operates outside of the regulatory purview of other home-equity tapping products, including the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage ( HECM ). HousingWire s Reverse Mortgage Daily (RMD) reviewed the amicus brief , filed in the Roberts v. Unlock Partnership Solutions case in the U.S.

Equity 370

Equity Mortgages Loans Residential 370

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects.

Construction 510

Construction Residential Sales Mortgages 510

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 497

Residential Lending Banks Mortgages 497

Housing Wire

NOVEMBER 15, 2024

Chrissi Callaghan Rhea, co-founder of Mortgage Investors Group and member of the Mortgage Bankers Association (MBA) board of directors, died on Nov. One of her contributions to the industry was being a “driving force” behind MBA’s efforts to ban abusive mortgage trigger leads , Broeksmit said. 8, at the age of 73.

Investor 370

Investor Mortgages Loan Officer Lending 370

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. Carson has spent more than a decade in the mortgage industry, having previously served in leadership positions for OriginPoint , Willow Bend Mortgage Co.

Residential 433

Residential Mortgages Banks Industrial 433

Housing Wire

MARCH 20, 2025

on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. A press release from Blue Ridge confirmed that the division, currently operating as Monarch Mortgage , is being sold to an unrelated third-party mortgage company.

Banks 296

Banks Purchase and sale agreement Mortgages Residential 296

Housing Wire

MARCH 17, 2025

A bill being deliberated in the Washington State Senate regarding a foreclosure mediation program would except reverse mortgage borrowers over the age of 61. This is according to a comment letter submitted by NRMLA to the sponsoring lawmakers and language in the proposed bill, as reviewed by HousingWire s Reverse Mortgage Daily (RMD).

Mortgages 362

Mortgages Loans Equity Residential 362

Housing Wire

MARCH 18, 2025

However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. For those looking for recession signals , a decrease in the number of residential construction workers is usually an early sign. Why haven’t the homebuilders started doing layoffs?

Construction 410

Construction Residential Sales New Construction 410

Housing Wire

JANUARY 21, 2025

After years of high interest rates, and price spikes, mortgage lenders are optimistic heading into 2025. Fannie Mae predicts a 28% increase in mortgage originations to $2.1 The Mortgage Bankers Association (MBA) also predicts that total origination volume will increase by 28.5%

Mortgages 370

Mortgages Investor Loans Principal 370

Housing Wire

JANUARY 17, 2025

In a changing real estate market , mortgage lenders face increasing demand. If high mortgage rates and increased liquidity management arent challenging, then regulatory changes, operation inefficiencies, and economic uncertainty are enough. Fortunately, SitusAMC can handle that, letting mortgage originators focus on their goals.

Marketing 367

Marketing Residential Commercial Loans 367

Housing Wire

FEBRUARY 25, 2025

Fannie Mae on Tuesday announced the results of its 2024Servicer Total Achievement and Rewards(STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.” Guild Mortgage Co. PHH Mortgage Corp. Dovenmuehle Mortgage Inc. Freedom Mortgage Corp. BOK Financial Corp.

Mortgages 270

Mortgages Banks Lending Residential 270

Housing Wire

JANUARY 27, 2025

Without more clarity on mortgage rates , substantial growth in housing permits is unlikely. We are maintaining a steady level, with the best results appearing when mortgage rates approach 6%. If you’re wondering why construction labor might be at risk in 2025, supply is piling up and mortgage rates are still above 7%.

Sales 486

Sales Construction Mortgages Residential 486

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. Last week, our first class was led by Jen Peachman from GVC Mortgage. 15 and goes until the end of April, Hoffman told HousingWire. Lectures are done by MBA members.

Banks 370

Banks Mortgages Lending Residential 370

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 company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

JANUARY 10, 2025

Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. This will push mortgage rates higher in the near term, Fratantoni said. The construction sector showed little month-over-month change, adding just 8,000 jobs.

Residential 397

Residential Construction MLS Mortgages 397

Housing Wire

NOVEMBER 15, 2024

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. That’s right, there are Black Friday home sales! Several areas, including Central Ohio, Greater Austin, Texas, and Charlotte, N.C.,

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

OCTOBER 24, 2024

The big publicly traded builders have money to pay down mortgage rates and manage their pipelines better than smaller homebuilders. We had no growth in residential construction work hiring earlier in the year when rates were higher. We had no growth in residential construction work hiring earlier in the year when rates were higher.

Sales 488

Sales Construction Mortgages Residential 488

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. in Q1 2022, when investors were taking advantage of low mortgage rates. As the U.S. Investors purchased $38.8 billion worth of properties in Q3 2024, up 3.4%

Investor 488

Investor Residential Brokerage Mortgages 488

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. In March, its venture capital arm was part of a $30 million funding round to mortgage verifications provider Argyle.

Residential 435

Residential Lending Finance Investor 435

Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis. Some feel like homes arent built like they used to be.

Inspection 284

Inspection Mortgages New Construction Equity 284

Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. dropped by 6.7% households.

Lending 493

Lending Mortgages Residential Loans 493

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

FEBRUARY 24, 2025

billion deal to acquire the depository bank’s residential mortgage servicing operations. The third-party originations team members will transition to non-QM lender A&D Mortgage. Cooper comes just days after the Mortgage Bankers Association lowered its 2025 projections for refinancing origination volume.

Banks 358

Banks Residential Mortgages Technology 358

Housing Wire

NOVEMBER 1, 2024

Mike Fratantoni, chief economist for the Mortgage Bankers Association , noted that while mass layoffs have not occurred, the pace of hiring has slowed in recent months. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs.

Construction 370

Construction Residential MLS Mortgages 370

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 432

Mortgages Fixed-rate mortgage Lending Residential 432

Housing Wire

FEBRUARY 4, 2025

Rithm owns multichannel mortgage lender and servicer Newrez. It has made a slew of acquisitions in the credit and mortgage servicing sectors over the past two years. A year prior, it acquired Sculptor Capital Management , along with Computershare Mortgage Services and Specialized Loan Servicing (SLS). ”

Commercial 394

Commercial Residential Loans Banks 394

Housing Wire

JULY 15, 2024

For the sake of simplicity, I will keep my comments restricted to residential real estate in the US. Post-purchase: F Post-purchase, mortgage servicing remains imperfect, with scatter-shooting being the order of the day. To some, any suggestion that AI is anything but liberatory is heresy.

Residential 441

Residential Finance Technology Staging 441

Housing Wire

DECEMBER 2, 2024

The agreement, announced on Monday, will aim to address “critical residential housing needs across the U.S.,” The adaptability of Wrightwell to a changing mortgage rate environment helped to make its suitability for the task clear, according to Brad Hartung, senior portfolio manager at Saluda Grade and a board member at Wrightwell.

Finance 397

Finance Residential Commercial Construction 397

Housing Wire

FEBRUARY 28, 2025

Florida-based non-QM lender A&D Mortgage on Friday announced an offering of $458.9 million in residential mortgage-backed securities ( RMBS ), calling it another milestone in the companys commitment to expanding financing solutions for borrowers with diverse income streams.

Mortgages 231

Mortgages Loans Residential Banks 231

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 366

Equity Lending Residential Branding 366

Housing Wire

MARCH 11, 2025

is expanding into the residential mortgage business, and it’s picked up Sterling Point Advisors ‘ Jeff Juliane and Brett Ludden to lead the effort. Ludden and Juliane will focus on providing comprehensive advisory services to mortgage lenders, servicers and investors.

Mortgages 204

Mortgages Principal Residential Investor 204