Housing Wire

APRIL 30, 2025

Kind Lending recently announced the appointment of Jennifer Folk as its chief operating officer. Folk most recently held the role of VP, fulfillment operations at Tri Pointe Connect , the affiliated mortgage company of Tri Pointe Homes. Folk also brings a legacy connection to Kind’s roots.

Lending 357

Lending Loan Officer Loans Mortgages 357

Housing Wire

FEBRUARY 11, 2025

Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. The availability of funding at the local level is the driving force in building stronger communities.

Lending 383

Lending Banks Development Loans 383

Housing Wire

APRIL 2, 2025

Supreme Lending is adding a seasoned veteran to its leadership team. Supreme Lending was drawn to Middletons experience in mortgage with building teams and driving visibility. Middleton joins Supreme Lending as the company seeks to expand. Weve been the best-kept secret in the mortgage space.

Lending 357

Lending Branding Mortgages As-is 357

Housing Wire

DECEMBER 4, 2024

Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 386

Lending Mortgages Loan Officer Loans 386

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

MARCH 13, 2025

Mortgage industry veterans Eli Fairfield and Brian Keranen have joined Everett Financial (dba Supreme Lending ) as regional directors for the Pacific Southwest, the company announced. Fairfield and Keranen bring decades of experience in mortgage lending, as loan originators and managers in California.

Lending 370

Lending Loan Officer Loans Staging 370

Housing Wire

JUNE 9, 2025

Jason Bressler , chief technology officer for United Wholesale Mortgage (UWM), is trying to change the narrative around AI being integrated into the mortgage industry and lending solutions. ” As the CTO for the largest mortgage company in the U.S., This could lead some companies to fall behind.

Lending 305

Lending Mortgages Technology Loan Officer 305

Housing Wire

MAY 29, 2025

The answer lies in a remote corner of the mortgage industry: subservicing. This business which involves handling mortgage payments, borrower communication and escrow administration on behalf of lenders has undergone consolidation. Meanwhile, MSR player Bayview Asset Managemen t is in M&A talks with Guild Mortgage.

Mortgages 393

Mortgages Loans Banks Industrial 393

Housing Wire

OCTOBER 28, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it is helping to develop. Almost as important, he added, is the participation of non-reverse lending companies in the conversation.

Mortgages 424

Mortgages Lending Industrial Title 424

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. ICE reported that purchase mortgages have made up a larger share of overall issuance in recent years. Washington, D.C.,

Lending 338

Lending FHA loan VA loan Loans 338

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 425

Inspection Mortgages Technology Lending 425

Housing Wire

APRIL 22, 2025

In todays mortgage market, traditional mortgage products are no longer the one-size-fits-all solution they once were. These borrowers are driving a demand for alternative mortgage products. For these borrowers, non-qualified mortgage (non-QM) loans offer a premium alternative to conventional options.

Lending 295

Lending Loans Investor Design 295

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. This interview has been edited for length and clarity.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

JANUARY 2, 2025

Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Mortgage demand declined 21.9% Mortgage demand declined 21.9% Mortgage demand had been on the upswing for much of November and December.

FHA loan 446

FHA loan Mortgages VA loan Loans 446

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

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement. Others are taking a more nuanced approach to the increase.

Mortgages 386

Mortgages Equity Lending Loans 386

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 385

Lending Loan Officer Loans Mortgages 385

Housing Wire

JUNE 3, 2025

While reverse mortgages in the U.S. But as the world keeps spinning, reverse mortgage players in other countries are making moves. in Canada , the second-largest reverse mortgage provider Toronto-based Equitable Bank is seeing notable growth, according to a recent earnings report. based lenders have taken notice.

Mortgages 424

Mortgages Equity Banks Lending 424

Housing Wire

JUNE 11, 2025

This week at The Gathering by HousingWire , reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Dan Ventura, the president of reverse mortgage lending at Fairway Independent Mortgage Corp. ,

Mortgages 387

Mortgages Debt-to-income ratio Lending Staging 387

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions. Guild is one example.

Mortgages 400

Mortgages Lending Loan Officer Loans 400

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. 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

DECEMBER 27, 2024

Reverse mortgage business and mortgage business generally is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. I think that’s true from an industry standpoint.

Industrial 386

Industrial Mortgages Principal Lending 386

Housing Wire

FEBRUARY 20, 2025

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. This offer extends to anyone with an existing mortgage at any lending institution looking to benefit from refinancing, she said.

Lending 348

Lending Equity Mortgages Design 348

Housing Wire

OCTOBER 25, 2024

A future glimpse into how mortgages will be created in 2035 can be found in an woodsy office park in Athens, Georgia. Customers’ data remains anonymous throughout the process to prevent racial bias or lack of credit history from affecting lending decisions. The mortgage sector will be affected. In practice, the U.S.

Banks 436

Banks Mortgages Lending Industrial 436

Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5 One of the highest home equity origination costs accumulated is for property valuations.

Equity 370

Equity Lending Loans Renovation 370

Housing Wire

JANUARY 16, 2025

The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. The FCC estimates that Green Mirage has impersonated over 400 mortgage lenders.

Mortgages 370

Mortgages Lending As-is Agents 370

Housing Wire

OCTOBER 31, 2024

In the halls of the Colorado Convention Center on Monday, it was hard not to overhear mortgage bankers gnashing their teeth over the rumored price hikes for Fair Isaac Corp (FICO) scores. per score to all mortgage lenders, independent of their volume. .” per score to all mortgage lenders, independent of their volume.

Industrial 446

Industrial Mortgages Closing costs Lending 446

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. mortgage lenders in the first half of 2024, with $11.8 million civil penalty. million civil penalty.

Lending 446

Lending Loan Officer Loans Finance 446

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. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

Housing Wire

MAY 21, 2025

Amid a surge in AI adoption and mounting cybersecurity threats, only 51% of nonbank mortgage lenders say they feel fully prepared to handle compliance risk a warning sign in an industry that’s undergoing rapid digital transformation. That’s according to a new joint study from HFS Research and Cognizant.

Mortgages 303

Mortgages Lending Technology Loans 303

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 product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

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. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial.

Residential 381

Residential Construction Loans Mortgages 381

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. Mortgage market expectations are projected to favor the non-QM model for the next two years and beyond. debt-to-income (DTI) ratio (33.3% percent and 6.2

Due diligence 424

Due diligence Lending Investor Loans 424

Housing Wire

JUNE 13, 2025

Mortgage veteran Glenn Stearns is taking a different approach with his latest venture. Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019.

Mortgages 250

Mortgages Lending Purchase and sale agreement Bankruptcy 250

Housing Wire

APRIL 1, 2025

Today, A&D Mortgage announced the official closing of its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024.

Closing 383

Closing Mortgages Lending Banks 383

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