Housing Wire

JANUARY 29, 2024

Despite looking a bit different at the end of 2023, there were a lot of similarities in the full-year Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) issuance tables when compared to recent years. FAR Longbridge +1 3 PHH Mortgage 16.3% PHH Mortgage TMAC +2 6 Guild Mortgage 2.7% 1 position.

Mortgages 399

Mortgages Finance Equity Design 399

Housing Wire

APRIL 26, 2024

A Mortgagee Letter (ML) detailing the particulars of the policy changes has been released in conjunction with a new entry in the Federal Register. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 447

Closing costs Development Equity Mortgages 447

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” One of the top 10 lenders that posted gains, however, was Open Mortgage. The obvious culprit is still rates.

Mortgages 423

Mortgages Bankruptcy Principal Finance 423

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 448

Finance Seller concession Loan Officer Loans 448

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Founded in 2019, the Virginia-based lender saw a 2,230% three-year growth rate.

Mortgages 368

Mortgages Loan Officer Fixed-rate mortgage Loans 368

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. HW: Some borrowers are under the impression that reverse mortgages are a last resort.

Mortgages 397

Mortgages Equity Loans Lending 397

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 396

Loan Officer Mortgages Loans Closing costs 396

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. The majority of its revenue comes from rents, set at market rates by using third-party data.

Sales 351

Sales Equity Loan Officer Finance 351

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. HousingWire: What are some potentially overlooked products that originators could add to their portfolios to grow their businesses in the rising rate environment?

Mortgages 374

Mortgages Equity Finance Technology 374

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% That was down 3.6%

Mortgages 379

Mortgages Seller concession Principal Loans 379

Housing Wire

JANUARY 2, 2024

While most have their eyes on the horizon, HousingWire’s dedicated reverse-centric publication, Reverse Mortgage Daily (RMD), will look back one more time at a year of challenge. However, the business continued to feel the ongoing impact of RMF’s collapse throughout 2023, and it will likely persist well into the new year.

Mortgages 375

Mortgages Lending Industrial Loans 375

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Mortgages 344

Mortgages Title Marketing Lending 344

Housing Wire

APRIL 14, 2022

economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon. Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. A year ago at this time, rates were at 3.13%. Jumbos on Wednesday were locked at 4.69%.

Mortgages 421

Mortgages Fixed-rate mortgage Banks Equity 421

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

FEBRUARY 15, 2024

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). said Michael Ullmann, a producing branch leader at Movement Mortgage.

FHA loan 450

FHA loan Loans Closing costs Loan Officer 450

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . By 2050, 20% of Americans will be 65 or older. And they’re sitting on an estimated $10 trillion in home equity.

Mortgages 364

Mortgages Marketing Equity Loans 364

Housing Wire

AUGUST 13, 2021

Divvy Homes , the prop-tech startup that buys homes on behalf of renters and guides them to eventual ownership, announced Friday a new round of funding that nearly quadrupled its valuation to $2 billion. Tiger Global Management in particular has been a heavy hitter when it comes to funding Divvy’s homeownership goals.

Pre-qualification 410

Pre-qualification Pre-approval Equity Finance 410

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital.

Brokerage 395

Brokerage Mortgages Loan Officer Banks 395

Housing Wire

JUNE 30, 2021

HW Community, Today we are thrilled to announce that HW Media has acquired Reverse Mortgage Daily (RMD) – the reverse mortgage industry’s premier independent source for news, commentary and analysis. According to the Urban Institute , the homeownership rate for seniors ages 65 and older is close to 80%.

Mortgages 384

Mortgages Branding Equity Industrial 384

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

SEPTEMBER 2, 2022

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. In the case of OWNS, it is traded through the New York Stock Exchange.

Closing 438

Closing Marketing Investor Banks 438

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. Its private equity backers planned to raise $250 million by selling 12.5

Mortgages 384

Mortgages Loans Lending Equity 384

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. million in mortgages valued at $1.7 Delinquency rates rise again.

FHA loan 479

FHA loan Loans Mortgages Equity 479

Housing Wire

MAY 3, 2021

The 2021 winners demonstrated their worth in the crucible of 2020 — navigating through shut-down orders and liquidity concerns before pivoting quickly to respond to record-low interest rates. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders.

Finance 397

Finance Lending Title Mortgages 397

Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release.

Loans 432

Loans Loan Officer Banks Mortgages 432

Housing Wire

NOVEMBER 8, 2021

While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex. Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company.

Finance 335

Finance Mortgages Lending Equity 335

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan. This change triggered controversy.

FHA loan 366

FHA loan Mortgages Loans Principal 366

Housing Wire

JULY 26, 2023

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year.

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Keeping Current Matters

OCTOBER 13, 2021

Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. Finding an existing home or designing a new home that has exactly what you want (versus trying to restructure the layout of your current house). Home Equity Is Skyrocketing. Home Equity Is Skyrocketing.

Renovation 273

Renovation Equity Mortgages Design 273

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. With the days of stimulus packages and low mortgage interest rates in the rearview, Americans are steeling themselves for a future with the potential for economic uncertainty.

Equity 101

Equity Finance Loans Closing costs 101

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Lunch & Learn: Should there be a 40 year mortgage? Should there be a 40 year mortgage option for all homebuyers? Presented by: Stavvy.

Loans 421

Loans Industrial Mortgages Real-estate owned 421

HomeLight

FEBRUARY 26, 2024

It used to be that owning a million-dollar house was a luxury dream beyond the reach of average Americans. They’re going to do a conventional loan, and then do an equity loan so that they can afford it.” A down payment of 20% or more can eliminate the need for private mortgage insurance (PMI), lowering your monthly expenses.

Purchase and sale agreement 97

Purchase and sale agreement Debt-to-income ratio Equity Loans 97

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com has shifted its strategy ahead of its initial public offering (IPO). According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Nunes: The transaction will infuse the combined entity with $750 million in new capital.

Debt-to-income ratio 365

Debt-to-income ratio Technology Mortgages Pre-approval 365

Realty Biz

AUGUST 22, 2023

For new homeowners, signing on the dotted line means committing to a monthly mortgage payment that may be more than they have ever spent on housing. But that’s not the only expense that comes with a new home. Many people are caught off guard when mortgage and homeownership expenses pop up. That’s another expense.

Pre-approval 75

Pre-approval Mortgages Equity Loans 75

RIS Media

FEBRUARY 15, 2022

Windermere Real Estate’s Vice President of DEI, Samantha Enos, has announced that the company has partnered with non-profit Community Development Financial Institution HomeSight on a new loan product to increase purchasing power and help bridge the affordability gap facing Black/African American homebuyers. compared to 50.9%

Loans 90

Loans Equity Land Banks 90

The Mortgage Report

NOVEMBER 6, 2020

Review of New American Funding showing how the company compares to other top lenders. Includes mortgage rates, service, complaints, operations, and products offered. New American Funding Mortgage Lender Review.

Mortgages 71

Mortgages VA loan Equity Loans 71

Realtor.com

SEPTEMBER 4, 2020

The central bank has revised its approach to inflation and the labor market in a move that could usher in an extended period of low interest rates. But the new approach won’t mean that consumers will save money across the board. Here’s how the Fed’s new policy will affect Americans’ finances: What did the Fed change?

Mortgages 88

Mortgages Banks Loans Investor 88