Housing Wire

MAY 14, 2025

BOK Financial recently announced the launch of its new mortgage finance line of business, a new vertical dedicated to meeting the credit needs of nonbank mortgage originators across the country. The addition of mortgage finance will create a full-service ecosystem tailored to the needs of the company’s client base.

Finance

Housing Wire

MARCH 7, 2025

Hochul is seeking to mandate specialized training for bank tellers and other banking professionals in New York to identify and stop instances of elder financial abuse before they take place, according to a report from Newsday. Kathy Hochul (D) wants to see her states Legislature address it more directly.

Banks

Housing Wire

JANUARY 7, 2025

Credit reporting errors can have serious consequences for a familys finances, and it is critical that credit reporting giants follow the law. The CFPB alleges that Experian routinely and uncritically accepted responses from banks, credit companies and debt collectors on consumer disputes, even when it was illogical on its face or unreliable.

Finance

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “A There is nothing like that face to face.

Bankruptcy

Housing Wire

MAY 21, 2025

“Our technology eliminates the tedious ‘stare and compare’ work of analyzing bank statements while enhancing fraud detection and ensuring consistency across underwriting decisions,” said Paul Gigliotti , chief growth officer at Prudent AI. These interviews have been edited for length and clarity.

Mortgages

Housing Wire

MAY 21, 2025

Even the term affordable feels like a relic of the past, said Jake Vehige, president of mortgage lending at Neighbors Bank , who authored a recent report that analyzes housing conditions in rural counties with populations of less than 20,000. bank branches, the study found, compared to 55.1 Rural areas of the U.S. in non-rural areas.

New Construction

Housing Wire

JULY 7, 2025

economy, facilitates wealth creation from financing options, the potential for passive income streams, and property value appreciation. bank accounts, exchange currencies and finance property purchases. . bank accounts, exchange currencies and finance property purchases. citizens. .

Residential

Housing Wire

JULY 18, 2025

Only 40% of respondents said they trust banks — a sharp drop from 61.5% More than half (53%) of all respondents said they never received personal finance education in school. The sample was balanced across gender, race and income to reflect the diversity of today’s housing market. The roots of this distrust are complex. Who to turn to?

Loan Officer

Housing Wire

OCTOBER 30, 2024

A consent order signed by a Connecticut banking commissioner said that LoanSnap failed to notify the Nationwide Multistate Licensing System (NMLS) that its main address had changed. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract.

Lending

Housing Wire

JANUARY 3, 2025

These green building benefits associated with modular construction do not come with the dreaded green cost premium even though recent research shows that developers are willing to pay an average 10% more on construction costs if it allows their business to shift towards a more circular and sustainable business model.

Development

Housing Wire

JANUARY 14, 2025

In commentary released last week, Bank of America analysts labeled the December jobs report as gangbusters as nonfarm payrolls jumped by 256,000 positions, well above the six-month average growth rate of 165,000. Given a resilient labor market, we now think the Fed cutting cycle is over, Bank of America analysts wrote. in November.

Mortgages

Housing Wire

MAY 2, 2025

The move comes as Enterprise combines its finance and operations functions following the recent departure of former COO Drew Warshaw. Earlier in his career, Rands worked at Citibank as a finance director. The move was effective May 1. Rands holds an MBA and a bachelors degree in political science from the University of Utah.

Finance

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages

Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Apollo has 16 lending platforms in the U.S.

Residential

Housing Wire

JULY 21, 2025

Their finances and documentation may be complex, but their incomes are often more robust than traditional profiles. mortgage market is undergoing a tectonic shift, and Non-Qualified Mortgage (Non-QM) lending is at the epicenter of this transformation. The workforce has evolved.

Lending

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending

Housing Wire

FEBRUARY 11, 2025

At their core, the FHLBanks exist to serve their members community banks, credit unions, insurance companies, and community development financial institutions by providing access to low-cost, reliable funding. The availability of funding at the local level is the driving force in building stronger communities.

Lending

Housing Wire

MAY 29, 2025

Still, the overall subservicing space has been relatively static in recent years, said Walter Mullen, chief strategy officer at Onity Group , the parent company of PHH Mortgage (the seventh-largest subservicer in 2024, according to Inside Mortgage Finance). Cooper while other clients are reportedly reassessing their own positions.

Mortgages

Housing Wire

JULY 22, 2025

Luxury real estate brokerage Douglas Elliman Real Estate has partnered with Associated Mortgage Bankers to launch an in-house mortgage platform, Elliman Capital , designed to streamline the financing process for homebuyers. Initially rolling out in Florida, the platform will expand nationwide. FHA, VA, and USDA loans will also be added.

Mortgages

Housing Wire

NOVEMBER 26, 2024

The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. Loans exceeding the FHFA’s official limit will enter the jumbo market , primarily handled by banks. Virgin Islands.

Loans

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

Banks

Housing Wire

OCTOBER 30, 2024

But public filings analyzed by Inside Mortgage Finance revealed that seller repurchases rose to $430 million in the second quarter of 2024 — a 29% increase from the previous quarter. Freddie Mac has seen a nearly 55% reduction in repurchase requests from its peak in the first quarter of 2023. points,” Mittal said.

Debt-to-income ratio

Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property.

Proof of funds

Housing Wire

APRIL 10, 2025

homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. And while U.S. The scale of the lock-in problem is staggering. Nearly two-thirds of U.S.

Design

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. With several top 10 reverse mortgage lenders now active in some form within the U.S.

Investor

Housing Wire

NOVEMBER 21, 2024

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. Meanwhile, nearly two-thirds of smartphone users use an app to manage their finances. Census Bureau. This is a win-win for everyone involved.

Property Management

Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. Climate change is increasing the intensity and severity of natural disasters. Places like Florida are projected to be in debt should another disastrous storm hit.

Design

Housing Wire

JULY 14, 2025

This means: Robust underwriting : Rather than “no-doc” or “stated-income” loans, modern non-QM relies on detailed analysis of bank statements (typically 12-24 months), P&L statements, or Debt Service Coverage Ratio (DSCR) for investors. Data from Statista projects that by 2027, around 86.5

Investor

Housing Wire

NOVEMBER 1, 2024

These updated reporting requirements harmonize FHA with existing standards established by the federal banking agencies.” In August, the Federal Housing Finance Agency (FHFA)’s Office of the Inspector General issued a report stating that the agency was highly vulnerable to hacking. A draft Mortgagee Letter (ML) was posted Sept.

Banks

Housing Wire

MAY 19, 2025

“It feels like the right moment for this product,” said Jeana Curro , who leads agency MBS research at Bank of America. ” Homebuilders now have about 500,000 homes on the market, and their financing arms are another potential source of relief. Department of Veterans Affairs (VA). It was a more affordable mortgage.”

Loans

Housing Wire

FEBRUARY 10, 2025

Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products. The former offers financing to international investors, while the latter offers investment financing based on the potential cash flow of the subject property.

Loans

Housing Wire

FEBRUARY 6, 2025

Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. Why is that important?

Loans

Housing Wire

FEBRUARY 18, 2025

HousingWire s Reverse Mortgage Daily (RMD) had a chance to meet up with Medina Cicak, Heartland Bank s chief commercial officer in Australia , and Keira Billot, the New Zealand -based general manager of retail and reverse mortgages. Occasionally, U.S.-based Why make the trip? the pair said. they explained.

Banks

Housing Wire

MARCH 11, 2025

Although they’ll be competing with other large brokerages like NEXA Mortgage , C2 Financial , Swift Home Loans , Edge Home Finance and many others, Milestone executives said the biggest competition remains in the retail channel, which has more than 70% of the mortgage pie. Bristol County Savings Bank bought into Milestone in 2022.

Loans

The Close

NOVEMBER 26, 2024

Stabilize & Season Your Current Rental Property If you plan to finance multiple rental properties, start by stabilizing your current one. Also, be aware that some lenders have a “seasoning period,” essentially how long you’ve owned or financed the property. Let’s break it down into six easy steps.

Finance

Housing Wire

JULY 11, 2025

. “Three examples of monetization are selling buyer inquiries to third-party agents for a referral fee, advertising third-party companies on homeowners’ listings for a profit, and selling listing data to a wide range of financial institutions, including banks and hedge funds. ” .

MLS