Housing Wire

FEBRUARY 17, 2022

Multichannel lender Finance of America (FOA) announced Thursday its chief executive officer, Patti Cook , will retire as soon as the company finds a successor. Today, more borrowers are self-employed, work remotely and have multiple streams of income. Presented by: Finance of America.

Finance 315

Finance Mortgages Lending Technology 315

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. The lender also brought over 45 former retail branches from Finance of America Companies Inc. FoA) months after it shut down its forward mortgage segment.

Mortgages 369

Mortgages Lending Finance Loans 369

Housing Wire

MARCH 23, 2022

“Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage. “From the bottom up, our goal is to build a lifelong relationship around mortgage lending.”

Finance 284

Finance Loan Officer Loans Lending 284

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

Finance 359

Finance Industrial Development Mortgages 359

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officer 377

Loan Officer Loans Finance Mortgages 377

Housing Wire

APRIL 24, 2024

As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. With the right ambassador, that task is made simpler.

Mortgages 269

Mortgages Loan Officer Principal Loans 269

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

Mortgages 335

Mortgages Finance Equity Industrial 335

Housing Wire

APRIL 9, 2024

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. To get a better idea of what motivated the survey and its desire to learn more about reverse mortgages, RMD sat down with WSFS Mortgage President Jeffrey Ruben.

Mortgages 361

Mortgages Equity Banks Brokerage 361

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

Mortgages 376

Mortgages Loans Equity Principal 376

Housing Wire

OCTOBER 28, 2022

Former employees at Finance of America Mortgage LLC (FAM) are transitioning to American Pacific Mortgage (APM), as the company will shut down by the end of the year, a source with knowledge of the process told HousingWire. . Multichannel lender Finance of America Companies Inc. (FoA)

Mortgages 363

Mortgages Loan Officer Finance Commercial 363

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. FoA produced a $1.1

Mortgages 364

Mortgages Finance Loan Officer Commercial 364

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late January. The lender increased originations by 70% to $32.63

Finance 278

Finance Closing Investor Mortgages 278

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.

Banks 413

Banks Mortgages Lending Loan Officer 413

Housing Wire

MARCH 21, 2024

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week.

Closing costs 433

Closing costs Loans Title Finance 433

Housing Wire

SEPTEMBER 4, 2020

Wheeler has worked closely with the executive team at Opendoor over the last year, helping them refine their financial model and navigate the onset of COVID-19. The post People movers: realtor.com, Opendoor, Finance of America and FormFree appeared first on HousingWire.

Finance 406

Finance Branding Title Lending 406

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

Industrial 372

Industrial Mortgages Marketing Finance 372

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. (To

Closing costs 393

Closing costs Closing Agents Mortgages 393

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. Messer has been with Prosperity since January 2011, working as SVP of capital markets and corporate strategy before a promotion to COO in 2019.

Mortgages 377

Mortgages Banks Loans Lending 377

Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. After years of working crazy hours and focusing on growing his business, Ciardelli saw the impact his hard-driving lifestyle was having on his health and close relationships. He knew he needed to make changes. “I

Mortgages 417

Mortgages Loan Officer Loans Technology 417

Housing Wire

MARCH 25, 2024

On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. Under the current system, the buyer agent’s commission is baked into the price paid for a home.

Agents 436

Agents VA loan Loans Mortgages 436

Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA with the U.S.

Equity 374

Equity Finance Industrial Mortgages 374

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs.

Closing costs 367

Closing costs Finance Lending Development 367

Housing Wire

SEPTEMBER 8, 2022

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. based Freedom employees reviewing work done by international workers. employee said.

Mortgages 501

Mortgages Loan Officer Loans Finance 501

Housing Wire

MARCH 27, 2024

NAR’s letter follows a similar message sent by the Community Home Lenders of America (CHLA) to the VA earlier this week. The National Association of Realtors (NAR) urged the U.S. With the settlement, NAR agreed to abolish its “Participation Rule” that required listing agents to make an offer of compensation to buyer brokers.

VA loan 446

VA loan Loans Principal Mortgages 446

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgages 361

Mortgages Marketing Lending Construction 361

Housing Wire

SEPTEMBER 25, 2023

Equifax ‘s new product integration with the United Kingdom’s IRIS Software Group aims to cut down underwriting time for mortgage borrowers at small- and medium-sized businesses (SMBs). Equifax’s digital income and employment verification tool – The Work Number – is available to one million additional employees of U.S.

HR 426

HR Finance Mortgages Loans 426

Housing Wire

FEBRUARY 13, 2024

Bringing awareness to potential opportunities in the reverse mortgage space can be a challenge, but Kristen Sieffert, president of Finance of America Companies (FOA), says it’s a task she’s more than willing to take on. 2023 was a rough year ; I’m happy that it’s in the rearview mirror,” she said.

Finance 345

Finance Equity Industrial Mortgages 345

Housing Wire

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. Inside Mortgage Finance pegs the Chicago lender as the ninth largest mortgage lender.

Finance 373

Finance Commercial Loans Title 373

Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae.

Loans 425

Loans Mortgages Construction Finance 425

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I It also brings a “reputational risk” when financing large amounts of loans originated from other firms.

Lending 514

Lending Finance Mortgages Banks 514

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 372

Banks Mortgages Technology Branding 372

Housing Wire

FEBRUARY 8, 2024

and Bank of America Corp. have held talks to provide as much as $8 billion to finance a buyout of DocuSign. E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. DocuSign had 7,336 employees at the end of 2023.

Sales 408

Sales Banks Technology Investor 408

Housing Wire

APRIL 18, 2024

Its mission statement included a desire to “champion groundbreaking research focused on reverse mortgages.” Its mission statement included a desire to “champion groundbreaking research focused on reverse mortgages.” The group’s work, however, will continue to be shared with other industry participants.

Equity 348

Equity Loan Officer Mortgages Industrial 348

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. We have organizations [working] to create some standardization.

Mortgages 390

Mortgages Banks Technology Finance 390

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 521

Mortgages Marketing Lending Loans 521

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. FAM TPO’s account executives work to find brokers the right mortgage wholesale lending solutions for their clients. FAM TPO is a one-stop shop for all types of financial needs.

Finance 284

Finance Lending Loans Technology 284

Housing Wire

AUGUST 2, 2022

Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire. And that’s hard. ” . .

Marketing 344

Marketing Finance Commercial Mortgages 344