Housing Wire

JANUARY 9, 2024

Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. These funds will equip individuals and families with the education and resources to make informed decisions regarding their housing needs.” HUD awarded $51.4

Mortgages 384

Mortgages Design Equity Industrial 384

Housing Wire

SEPTEMBER 14, 2021

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. More than $1 billion in new capital.

Equity 185

Equity Mortgages Finance Industrial 185

Housing Wire

SEPTEMBER 2, 2021

One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about. Generation X.

Mortgages 422

Mortgages Pre-qualification Equity Industrial 422

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. The HW Media and HousingWire team is thrilled to work with RMD Editor Chris Clow to bring this strategy to life.

Mortgages 384

Mortgages Branding Equity Industrial 384

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

MAY 16, 2023

It just seemed so awesome working at a company that just came public.” ” 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.

Mortgages 384

Mortgages Loans Lending Equity 384

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgages 346

Mortgages Equity Finance Development 346

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

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. The new program follows UWM’s two-month price-match trial that ends June 30.

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

SEPTEMBER 10, 2021

Orchard , which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors.

Lending 391

Lending Title Investor Equity 391

Housing Wire

NOVEMBER 16, 2020

Though housing didn’t take center stage during the 2020 election season, those who work in affordable housing were keeping a close eye on the race, and are now looking expectantly at President-elect Joe Biden’s $640 billion housing plan originally proposed in February. 31 – has shortcomings that leave many renters unprotected.

Construction 531

Construction Industrial Development Lending 531

Housing Wire

APRIL 17, 2023

HousingWire recently spoke with Roger Stotts, chief servicing officer at New American Funding , about borrower expectations for servicing and the current outlook for servicers. From a compliance perspective, there is a lot of scrutiny from regulators , but that’s not new: it’s been the case since the mortgage crisis.

Loan Officer 334

Loan Officer Loans Investor Equity 334

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

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

JULY 26, 2023

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 For the housing market, that likely means a few more months with mortgage rates above 6%. For the housing market, that likely means a few more months with mortgage rates above 6%. range on Wednesday, its highest level in 22 years.

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Housing Wire

OCTOBER 28, 2022

HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. 06 The Good, the Bad, and Things We Need to Talk About – A Real Conversation Around Work-life Balance. All Things Housing.

Title 391

Title Lending Finance Development 391

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. The change resulted in Better’s exit from its real estate business. It incurred an $89.9

Debt-to-income ratio 365

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

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.” Here’s a short video illustrating how HomeLight Buy Before You Sell works: 2.

Purchase and sale agreement 97

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

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

Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

Loans 129

Loans FHA loan VA loan Equity 129

Broke Agent Media

JANUARY 31, 2023

The new Renters Bill of Rights , released last week by the White House , lists “safe, quality, accessible, and affordable housing” as the first principle in promoting rental affordability. We look forward to working with our DUS lenders in the coming year to continue to serve the market and address its most pressing challenges.

Finance 98

Finance Closing Equity Commercial 98

Realty Biz

SEPTEMBER 20, 2021

The homeownership innovators at Ribbon announced recently having secured $150 million in additional funding for fueling the company’s rapid expansion. This round is inclusive of $75 million in Series C equity financing and $75 million in additional working capital. . Via Ribbon’s Facebook.

Closing 84

Closing Loan Officer Investor Finance 84

RIS Media

APRIL 18, 2022

Ribbon’s model allows buyers to work with their preferred real estate agent and loan officer of choice. By working with—not against—local real estate agents and lenders, we can monitor and adjust our products in ways that meet market needs early. We’re in the midst of another great American migration.

Loan Officer 93

Loan Officer Agents Staging Equity 93

Housing Wire

APRIL 12, 2021

After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Susan Stewart , CEO at SWBC Mortgage Corporation , is the current Chair of the Mortgage Bankers Association.

Mortgages 450

Mortgages Lending Industrial Finance 450

RIS Media

FEBRUARY 18, 2021

“Achieving equity in homeownership and building generational wealth is challenging when the gate keepers don’t reflect who we are or see the value in where we live,” said Marc H. Morial, president and CEO of the National Urban League.

Industrial 63

Industrial Equity Development Residential 63

HomeLight

FEBRUARY 26, 2021

Those are questions that Evanston, Illinois, wants to answer with a revolutionary new program designed to use tax dollars generated from cannabis sales to help increase Black homeownership in the suburb. Locally, politicians and activists in Evanston had already recognized the issue and had been working on ideas for how to solve it.

Equity 66

Equity Lending Sales As-is 66

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

Mortgages 450

Mortgages Banks Brokerage Loans 450

Housing Wire

MARCH 20, 2023

The collapses were inevitable given their unconventional funding makeup against the Fed’s misguided policy of overly aggressive interest rate hikes over the last 12 months. In 2021, mortgage originations hit a record high of $4.4 Today, three of four mortgage loans are issued by independent mortgage companies.

Banks 385

Banks Mortgages Fixed-rate mortgage Loans 385

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 409

Banks Mortgages Loan Officer Due diligence 409

Afford Anything

JULY 6, 2020

J isn’t happy with the target date retirement fund she chose for her 401k. She has limited options and is wondering: should she move funds around? Tami has $160,000 in a G fund in her TSP. Should she move this money to a Lifestyle fund to increase her earnings? Is it too good to be true? It sounds too good to be true.

Equity 78

Equity HR Finance Staging 78

Lab Coat Agents

AUGUST 3, 2021

If I ask my husband to stop and buy a gallon of milk on his way home from work, he has options of where to go. And it is the same with housing – the Great Recession didn’t stop people from graduating school, finding jobs, getting married, having babies, outgrowing their rental apartments, and needing to find new homes.

Branding 98

Branding New Construction MLS Equity 98

HomeLight

JUNE 28, 2021

Buying a home is part of the American dream, but it’s not a decision to take lightly. When you purchase a home using a mortgage, you’ll have to meet the lender’s debt-to-income — or DTI — requirements. Typically, lenders like to see a DTI of 45% or less (though some can go up to 50%), including your monthly mortgage payment.

Closing costs 83

Closing costs Equity Purchase and sale agreement Loans 83

Broke Agent Media

MAY 18, 2023

BAM Key Details: A new Gallup report shows 21% of adult consumers in the U.S. The years 2022 and 2023 are the only times fewer than 50% of Americans have seen the housing market as good for buyers. Gallup’s research also revealed the percentage of Americans who expect home prices to rise in the next 12 months. population.

Agents 52

Agents Construction New Construction Marketing 52

Marco Santarelli

APRIL 26, 2023

Housing market interest rates (or mortgage rates) play a crucial role in the decision-making process for both homebuyers and sellers. Interest rates play a crucial role in determining the affordability and availability of mortgages, which directly affect the buying power of potential homebuyers.

Marketing 52

Marketing Debt-to-income ratio Fixed-rate mortgage Banks 52