Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

Residential 364

Residential Lending Finance Banks 364

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 288

Lending Equity Banks Construction 288

Housing Wire

JUNE 10, 2025

Legacy Group Capital on Tuesday at HousingWire’s The Gathering announced the expansion of its suite of consumer financing solutions. Its expanded solutions include: Buy-Before-You-Sell: Enables homeowners to purchase a new home before selling their current one, with flexible bridge financing that removes timing pressure.

Finance 272

Finance Lending Renovation Residential 272

Housing Wire

MAY 5, 2025

Intercontinental Exchange ‘s May 2025 Mortgage Monitor Report, released Monday, found that first-time homebuyers accounted for a record share of agency purchase lending (58%) in the first quarter 2025. They accounted for a record 82% of agency lending in 2023, more than 75% in 2024 and nearly three-quarters in Q1 2025.

Lending 338

Lending FHA loan VA loan Loans 338

Housing Wire

MAY 7, 2025

In beating its estimates for funded loan volume and by posting a profit in the first quarter of 2025, reverse mortgage lender Finance of America (FOA) saw its volume improve by nearly one-third compared to numbers from Q4 2024. Finance of America is setting the standard for how our industry communicates the role of reverse mortgages.

Finance 350

Finance Branding Industrial Mortgages 350

Housing Wire

APRIL 22, 2025

Non-QM loans are often associated with higher interest rates and unfavorable terms that verge on predatory lending. Exploring the big picture of non-QM lending When it comes to non-QM loans, borrower use cases often vary depending on the person. For Acra Lending, non-QM loans for non-owner-occupied (NOO) properties start at 6.2%.

Lending 295

Lending Loans Investor Design 295

Housing Wire

JUNE 13, 2025

Non-QM lending allows borrowers with nontraditional income sources, such as self-employed individuals, freelancers, and gig workers, to qualify for mortgage financing. They are a less risky collateral base as these investors typically hold other assets in their portfolios. debt-to-income (DTI) ratio (33.3% As the U.S.

Due diligence 424

Due diligence Lending Investor Loans 424

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Condos in Florida have to be next level,” said one retail lending executive. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Condos are hard.

Mortgages 522

Mortgages Marketing Lending Finance 522

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. “As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.”

Lending 386

Lending Mortgages Loan Officer Loans 386

Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. That was down 18% year over year, per Inside Mortgage Finance estimates. Fairway Independent Mortgage Corp. million civil penalty. The company ranked No.

Lending 446

Lending Loan Officer Loans Finance 446

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 210

Finance Mortgages Lending Banks 210

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said.

Loans 385

Loans Mortgages Finance Lending 385

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. Another challenge is access to mortgage lending services. Rural areas of the U.S.

New Construction 352

New Construction Banks Lending Construction 352

Housing Wire

DECEMBER 18, 2024

As short-term interest rates decrease, some lending opportunities, such as land purchases and apartment financing, are improving. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. We will soon find out.

Construction 503

Construction Residential Sales Mortgages 503

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Many first-time homebuyers are stretching their finances to the limit. ADU is a big requirement now.

Debt-to-income ratio 328

Debt-to-income ratio Loan Officer Marketing Loans 328

Housing Wire

MARCH 10, 2025

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. billion in equity. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 463

Purchase and sale agreement Pre-approval Brokerage Equity 463

Housing Wire

DECEMBER 4, 2024

At Finance of America (FOA), the increased limit for next year is seen as a positive development that could also make clearer the potential use cases for reverse mortgage products beyond the federally insured HECM options. This is because interest rates remain relatively high even after some moderation.

Mortgages 386

Mortgages Equity Lending Loans 386

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 413

Mortgages Equity Loan Officer Loans 413

Housing Wire

OCTOBER 25, 2024

FormFree , a mortgage fintech founded in the midst of the Global Financial Crisis by Brent Chandler, is putting the customer in control of their own data, a practice known as “open banking” that could transform lending. The data can then be shared in a marketplace called FFX, which connects lenders with borrowers.

Banks 436

Banks Mortgages Lending Industrial 436

Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. Executives at Planet Home Lending were also on the call. According to Inside Mortgage Finance , Planet Home Lending ranked as the 22nd-largest mortgage lender in the U.S.

Lending 446

Lending Loans Finance Mortgages 446

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The only exception is the rule’s “subpart D.” These include having served nearly 2.6

Lending 435

Lending Finance Closing costs Banks 435

Housing Wire

FEBRUARY 13, 2024

New York-based mortgage lender Logan Finance Corp. as senior vice president of strategic business operations at Stearns Lending , and as vice president of correspondent operations at Nationstar Mortgage. Established in 1949, Logan Finance Corp. Logan Finance Corp. Logan Finance Corp.

Finance 455

Finance Lending Banks Loans 455

Housing Wire

MAY 19, 2025

Non-QM (Non-Qualified Mortgage) lending has become essential to todays mortgage landscape, providing solutions for creditworthy borrowers who fall outside traditional lending criteria. Co-founded in 2019 alongside President Tim Wang, eRESI was created to deliver consistent, long-term capital to support the growing Non-QM market.

Lending 210

Lending Loans Due diligence Investor 210

Housing Wire

DECEMBER 5, 2024

The lending executive’s reviews on Zillow reflect stellar performance in North Carolina. “We are eager to work with Highlands’ exceptional team to expand construction lending options and help more customers achieve their dream of building their perfect home.” The lender has more than 40 branches in 16 states.

Residential 381

Residential Construction Loans Mortgages 381

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. year over year as of the third quarter of last year.

Equity 471

Equity Lending Banks Loans 471

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 425

Lending Branding Loan Officer Technology 425

Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. CFPB Director Rohit Chopra praised Ficklin’s fair lending work in a statement published by American Banker.

Lending 413

Lending Banks Finance Mortgages 413

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 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The financing can be used to make a down payment, pay down debt, or cover repairs and moving expenses.

Lending 425

Lending Loans Loan Officer Equity 425

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? Acra Lending has done precisely that. Acra Lending is a proven leader in the space, and it has adapted and thrived despite market shifts. higher interest rates and elevated home prices create openings for non-QM lending. That experience matters.

Lending 295

Lending Technology Loans Mortgages 295

Housing Wire

JANUARY 17, 2025

Florida-based non-QM lender A&D Mortgage announced Friday that it has acquired the wholesale and nondelegated correspondent lending businesses of Mr. Cooper Group. A&D offers brokers more than 20 lending programs across the agency, government, jumbo and non-QM spectrum. It originated $2.37 year over year.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

APRIL 28, 2025

A troubled journey Seattle-based Redfin acquired Bay Equity Home Loans in January 2022 for $135 million to quickly expand its mortgage offerings without heavily investing in lending software. Redfin agents could instantly refer clients to Bay Equity loan officers in a one-stop-shop for brokerage and lending. They will be a great fit.

Loan Officer 384

Loan Officer Equity Loans Brokerage 384

Housing Wire

MARCH 27, 2025

FinLockers no-cost verification is a game-changer for our business,” said Steve Majerus, CEO at Synergy One Lending. Edge Home Finance launched its Edge Loan Advisor platform in January 2025 that is powered by FinLocker. ” FinLocker indicated that future initiatives will target other high-cost areas like title expenses.

Mortgages 368

Mortgages Loan Officer Technology Loans 368

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 425

Lending Mortgages Equity Loan Officer 425

Housing Wire

JANUARY 3, 2025

As a result, modular construction has become the most effective solution for addressing developers needs for sustainability and business integrity, while avoiding costly premiums that decelerate value for housing investors and buyers within todays tight lending market. With researchers suggesting that the most damaging U.S.

Development 413

Development Construction Finance Investor 413

Housing Wire

MAY 22, 2024

Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement.

Lending 425

Lending Development Loan Officer Finance 425