Housing Wire

APRIL 22, 2025

For these borrowers, non-qualified mortgage (non-QM) loans offer a premium alternative to conventional options. These loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership altogether.

Lending 264

Lending Loans Investor Design 264

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Debt-to-income ratio 389

Debt-to-income ratio Loans VA loan FHA loan 389

Housing Wire

DECEMBER 5, 2024

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. The lending executive’s reviews on Zillow reflect stellar performance in North Carolina. Highlands Residential Mortgage is a retail lender based in Allen, Texas.

Residential 387

Residential Construction Loans Mortgages 387

Housing Wire

DECEMBER 19, 2024

Planet Home Lending announced Thursday that it has hired Candice McNaught as senior vice president of business development and strategic initiatives for its distributed retail channel. She formerly held posts at Supreme Lending and NFM Lending. ” McNaught said she joined Planet because of its commitment to loan officers.

Lending 396

Lending Loan Officer Loans Mortgages 396

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. The lender was later acquired by Caliber Home Loans in September 2014, prompting Lindsay to continue her career as a loan consultant and sales manager there until December 2022.

Lending 397

Lending Mortgages Loan Officer Loans 397

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. billion in home loan production. million people — Fairway had three retail loan offices and three desks in real estate offices, all in majority-white areas.

Lending 468

Lending Loan Officer Loans Finance 468

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 358

Residential Lending Finance Banks 358

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 257

Lending Equity Banks Construction 257

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. As of April 22, the platform had 272 sponsored loan officers across 90 branches, according to the Nationwide Multistate Licensing System (NMLS).

Loan Officer 395

Loan Officer Equity Loans Brokerage 395

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. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Why is that important?

Loans 315

Loans Mortgages Equity Construction 315

Housing Wire

JANUARY 30, 2025

Sage Home Loans Corp. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email. Sage Homes Loans is based in Fort Mill, South Carolina. John will reportedly focus on leading borrower retention efforts.

Loans 366

Loans Marketing Lending Banks 366

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 468

Lending Loans Finance Mortgages 468

Housing Wire

APRIL 30, 2025

Kind Lending recently announced the appointment of Jennifer Folk as its chief operating officer. She’s also held a variety of roles from loan officer to COO at places like Minute Mortgage , Sierra Pacific Mortgage Company and Planet Home Lending. Folk also brings a legacy connection to Kind’s roots.

Lending 195

Lending Loan Officer Loans Mortgages 195

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

Lending 448

Lending Loan Officer Banks Loans 448

Housing Wire

MARCH 30, 2025

However, the data references Freddie Mac ‘s Serious Delinquency levels on multifamily loans. These loans pertain to multifamily mortgages, which are used for commercial properties with five or more units, such as apartment buildings. But as we can see in the chart below, the data clearly identifies these as multifamily loans.

Fixed-rate mortgage 541

Fixed-rate mortgage Bankruptcy Loans Commercial 541

Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. The new states are Arizona, Nevada, Oregon and Utah. The product also has a minimum age requirement of 55.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Bristol has a federal registration and has given the lender the flexibility to bring on loan officers who are not yet licensed. “Our goal is to be No.

Loans 370

Loans Mortgages Loan Officer Technology 370

Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. More renovations?

Loan Officer 291

Loan Officer Loans VA loan FHA loan 291

Housing Wire

OCTOBER 28, 2024

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination. Currently, Ocrolus supports more than 95% of mortgage document types.

Inspection 448

Inspection Mortgages Technology Lending 448

Housing Wire

APRIL 8, 2025

UWM will integrate Google Cloud AI and machine learning tools into its lending platform, enhancing underwriting automation, streamlining document processing, and improving client support with AI-driven chat experiences. model to enhance underwriting automation. model to enhance underwriting automation. You think about a full customer journey.

Mortgages 497

Mortgages Lending Loans Technology 497

Housing Wire

JUNE 12, 2024

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22. Department of Veterans Affairs (VA) has contributed $3.9

VA loan 463

VA loan Loans As-is Mortgages 463

Housing Wire

NOVEMBER 20, 2024

Jonathan Scarpati: I started with Senior Lending Network out of New York. That growth presents an opportunity for reverse mortgages and home equity loans. HW: How do you envision home equity products evolving to meet the needs of both traditional loan originators and underserved borrowers in the coming years?

Equity 370

Equity Finance Marketing Lending 370

Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. reduction in residential lending activity compared to first-quarter 2023 and a 69.3% reduction in residential lending activity compared to first-quarter 2023 and a 69.3% All major mortgage lending categories sustained losses, the report said. Purchase-loan activity went down another 9.9%

Lending 493

Lending Mortgages Residential Loans 493

Housing Wire

MARCH 25, 2025

What’s the deal with all the discussion across the lending community about the fluctuation of the loan officer population recently? There have been social media posts and editorials debating the current total number of loan officers, whether the population has decreased, and if so, by how much.

Loan Officer 211

Loan Officer Loans Mortgages Industrial 211

Housing Wire

APRIL 17, 2025

mortgage lender United Wholesale Mortgage (UWM) on Wednesday became the target of a lawsuit from the Ohio Attorney General, Dave Yost, who claims UWM conspired with mortgage brokers to steer loans and rip off consumers in Ohio. Rather, they were ensnared in UWMs scheme, and steered, without their knowledge, to UWMs higher-priced loans.”

Lending 390

Lending Loans Mortgages Residential 390

Housing Wire

MARCH 19, 2025

Chief operating officer Tammy Richards is taking on a new role at Kind Lending. Richards announced Tuesday on LinkedIn that shes now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company. But her relationship with loanDepot ended in acrimony after she left in 2021.

Lending 203

Lending Industrial Bankruptcy Mortgages 203

Housing Wire

DECEMBER 10, 2024

OneTrust Home Loans , a DBA of CalCon Mutual Mortgage LLC based in San Diego , Calif., announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. Bodner, a 20-year mortgage professional, previously served OneTrust as a VP and reverse mortgage planner.

Lending 370

Lending Loans Mortgages Technology 370

Housing Wire

OCTOBER 15, 2024

From there, Collins dives deeper into Tomo’s past and mentions its focus on purchase loans versus refinances and other product types. Collins points out that purchase lending is generally more stable than refinances. As such, Tomo’s priority goes beyond merely driving loan volume. “It

Loans 259

Loans Marketing Technology Mortgages 259

Housing Wire

JANUARY 3, 2025

But it becomes a stronger presentation when you’re presenting different loan options. One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P). I absolutely think it has improved, Cory said. Guild is one example.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20. ”

Lending 459

Lending Brokerage Loan Officer Loans 459

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. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. ADU is a big requirement now.

Debt-to-income ratio 301

Debt-to-income ratio Loan Officer Marketing Loans 301

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning.

Lending 482

Lending Commercial Residential Loans 482

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 447

Lending Mortgages Equity Loan Officer 447

Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in.

Lending 392

Lending Equity Investor Residential 392

Housing Wire

MARCH 10, 2025

” Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Glenn Kelman , CEO of Redfin. billion in equity. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482