Housing Wire

NOVEMBER 8, 2021

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. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

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Finance Mortgages Lending Equity 314

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. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. The valuation at the time of the IPO is expected to be $1.9

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Finance Closing Investor Mortgages 267

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 390

Finance Branding Title Lending 390

Housing Wire

APRIL 2, 2024

Through NAF Cash, the lender purchases the buyer’s chosen home upfront with cash while the buyer can rent the new home while working on selling the old home or securing financing on the new one. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

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Loan Officer Loans Finance Mortgages 360

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

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Lending Mortgages VA loan Finance 403

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. The trade group urged the regulators to examine Equifax’s pricing practices.

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Housing Wire

JULY 12, 2023

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. The programs are key to the GSEs’ equitable housing finance plans.

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Closing costs Finance Lending Development 362

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.

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Equity Finance Industrial Mortgages 357

Housing Wire

NOVEMBER 20, 2023

Lowman will continue his daily work as an adviser to the APM senior management while more fully guiding the company through his work on the board, the company said earlier this month. The lender also brought over 45 former retail branches from Finance of America Companies Inc. The California lender originated $7.62

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Mortgages Lending Finance Loans 352

Housing Wire

DECEMBER 14, 2023

The government sponsored entities is part of its Equitable Housing Finance Plans , which are required by their regulator Federal Housing Finance Agency (FHFA). The initial version of the GSE’s Equitable Housing Finance Plans were approved in the summer of 2022 by the FHFA.

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Title Land Finance Loans 350

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.

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Agents VA loan Loans Mortgages 437

Housing Wire

FEBRUARY 29, 2024

There are even people who say they are retired but they show up in the data sets as actually working 15 to 20 hours per week,” she explained to the attendees. “In In America, if you say you’re retired, you have to pivot and apologize. ‘It Roosevelt implemented during the Great Depression. Speaking in Washington, D.C.,

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Finance Technology Development As-is 337

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. It originated $45.2

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Finance Commercial Loans Title 365

Housing Wire

SEPTEMBER 25, 2023

Equifax’s digital income and employment verification tool – The Work Number – is available to one million additional employees of U.S. With the new integration between Payroll Relief and The Work Number, those verifications can happen instantly and digitally outside of regular business work hours, Equifax said.

HR 418

HR Finance Mortgages Loans 418

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.

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Finance Lending Loans Technology 282

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.

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Finance Equity Industrial Mortgages 328

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.

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VA loan Loans Principal Mortgages 450

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.

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Sales Banks Technology Investor 396

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. But advocates also say more is needed to improve the loan repurchase process.

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Loans Mortgages Construction Finance 423

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.

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Lending Finance Mortgages Banks 507

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. HousingWire first reported on the topic.

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Mortgages Finance Loan Officer Commercial 347

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)

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Mortgages Loan Officer Finance Commercial 346

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).

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Mortgages Finance Equity Industrial 320

Housing Wire

APRIL 24, 2024

The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lender, and it is spearheaded by Ryan Schmidt, FAR’s vice president of partner engagement. With the right ambassador, that task is made simpler.

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Mortgages Loan Officer Principal Loans 332

Housing Wire

JUNE 8, 2021

billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 Bank of America followed closely with 17,056 home improvement loans worth $2.39 billion.

Banks 343

Banks Renovation Marketing Lending 343

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. The company loan origination volume fell to $5.1

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Marketing Finance Commercial Mortgages 325

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

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Closing costs Closing Agents Mortgages 391

Housing Wire

JUNE 4, 2021

Bill Dallas , president of Finance of America Mortgage , will speak at engage.marketing on the panel: Winning in a red-hot purchase market. In 2018, Skyline was purchased by Finance of America and today Dallas leads the combined business. The event will feature a keynote by renowned speaker coach René Rodriguez.

Finance 353

Finance Loans Mortgages Design 353

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.

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Industrial Mortgages Marketing Finance 355

Housing Wire

SEPTEMBER 11, 2023

The Federal Housing Finance Agency (FHFA) on Monday announced that it will offer additional opportunities for public engagement as it considers the transition to updated credit score models and credit report requirements for loans acquired by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Industrial 372

Industrial Finance Loans Mortgages 372

Housing Wire

APRIL 18, 2024

The group will continue under the auspices of Mutual of Omaha, which currently stands as the second-largest lender in the reverse mortgage industry behind Finance of America Reverse (FAR). The group’s work, however, will continue to be shared with other industry participants.

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Equity Loan Officer Mortgages Industrial 360

Housing Wire

JUNE 23, 2021

Mark Calabria, the director of the Federal Housing Finance Agency , must go. His mistakes are rooted in a fundamental misunderstanding of how the GSEs work. And it is not a flaw, but why it works, and how it provides broad access to credit through the economic cycle. In short, it makes no sense.

Finance 532

Finance Lending Mortgages Loans 532

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. About 81.7%

Mortgages 364

Mortgages Banks Loans Lending 364

Housing Wire

SEPTEMBER 30, 2022

Priscilla Almodovar, the president and CEO of national housing nonprofit Enterprise Community Partners , will take the helm of the mortgage finance behemoth on Dec. A lawyer by trade, Almodovar was president and CEO of the New York State Housing Finance Agency earlier in her career. Benson will remain the president of Fannie Mae.

Finance 341

Finance Mortgages As-is Marketing 341

Housing Wire

SEPTEMBER 22, 2021

Today, more borrowers are self-employed, work remotely and have multiple streams of income. For brokers, working with these borrowers can be complicated because they require unique processes. With the rise of the gig economy and remote work arrangements, more Americans than ever have multiple sources of income or are self-employed.

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Finance Loans Technology Lending 370

Housing Wire

JANUARY 10, 2024

Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development. Michael Weltman has also joined the division as an area manager, coming to the company from One Trust Mortgage.

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Banks Mortgages Lending Loan Officer 400