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

Housing Wire

APRIL 18, 2025

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. of these transactions contained issues that could lead to fraud, with each problematic loan averaging 2.5 It found that 46.8% errors the highest number on record. In Q1 2025, 10.8% of all transactions.

Title

Housing Wire

MAY 29, 2025

For subservicers, managing loans can generate stable income through fees, and when agreements allow and align with their strategy, it opens doors for cross-selling activity. including affiliated Rushmore Loan Management Services ) and Flagstar s servicing assets. Theres a lot of consolidation in the [subservicing] industry.

Mortgages

Housing Wire

APRIL 15, 2025

In its 2025 State of eClose Adoption Report released on Tuesday, Snapdocs revealed that 90% of mortgage lending institutions now offer digital closings to customers. Snapdocs said that the rise in digital closings is due to the measurable efficiencies and improved experience that digitization delivers. the industry average.

Closing

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. In October 2023, FOA announced a rollout of HomeSafe Second to an expanded pool of direct retail loan officers and wholesale brokers.

Mortgages

Housing Wire

MAY 12, 2025

In this conversation, Davis breaks down the surge in demand for second liens, DSCR loans, and alternative income documentation and why originators who lean in now are setting themselves up for long-term success. A closed end second mortgage can bring relief and a way to achieve financial goals. trillion and auto debt at $1.1

Loans

Housing Wire

JULY 14, 2025

The growing “gig economy” is reshaping the future of homebuying , and savvy brokers are recognizing the need to adapt quickly with loan products that fit this demographic. Here’s why: Quality loans Today’s non-QM loans are a far cry from the risky products of the pre-2008 era. workforce — will be freelancing.

Investor

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM is simply taking a lower margin, effectively,” he added.

Equity

Housing Wire

JULY 21, 2025

At the same time, the premium borrowers once paid for non-QM loans is shrinking, and as more lenders enter the space and competition increases, rates should come down and align more closely with those seen in conventional mortgages. This is making non-QM a more attractive option even for everyday borrowers.

Lending

Housing Wire

APRIL 21, 2025

Randell Gillespie Gillespie will work closely with the companys leadership and market teams to identify new opportunities for expansion and success. Modex reports the company has more than 200 producing loan officers, and its strongest branches for production are in Illinois and Missouri. billion last year.

Loan Officer

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. “There is nothing like that face to face.

Bankruptcy

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

JULY 22, 2025

Clients will have access to “competitive rates and diverse loan products” in a “seamless integration,” he added. Elliman Capital will provide agents with direct access to mortgage professionals, enabling them to refer clients, track loan progress and receive real-time updates from property search to closing.

Mortgages

Housing Wire

JANUARY 8, 2025

billion in loans in 2024, according to an Instagram post on the company’s website. He most recently served as head of mortgage operations at Quontic , a digital bank based in New York. Skilled in Mortgage Underwriting, Processing, Closing, Contact Centers, Management, Loan Servicing, and Financial Risk.”

Mortgages

Housing Wire

MAY 19, 2025

Gregory Tsang is the Chief Executive Officer and co-founder of eRESI , a Non-QM correspondent whole loan investor offering both Delegated and Non-Delegated options. Banks previously targeted these borrowers as valuable portfolio assets and often considered them for future banking opportunities.

Lending

Housing Wire

JULY 16, 2025

Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023. Because the 2023 final rule is subject to legal action and has not taken effect, the agencies continue to apply the 1995 regulations to banks today,” the agencies said in a joint statement.

Banks

Housing Wire

MAY 20, 2025

But Toohig, who spoke Tuesday during the Mortgage Bankers Association (MBA)’s Secondary and Capital Market Conference in New York City, was also highlighting the opportunity for loan officers to originate more HELOCs and other second-lien mortgages. Thats what I think the HELOC is right now. Thats what I think the HELOC is right now.

Equity

Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. He couldn’t afford that house and was a week out from closing,” Thompson said. He recounted a case where a buyer received a quote of $1,300 to $1,500 per year for a home.

Design

Housing Wire

JULY 22, 2025

Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing. The transaction is scheduled to close on August 1. “As The transaction is subject to customary closing conditions.

Banks

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. The new variation will also allow Longbridge partners to reengage with borrowers who may have previously been short to close.

Mortgages

Housing Wire

NOVEMBER 1, 2024

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation , home renovation and student loan repayment. The Deephaven HELOC has a maximum loan size of $400,000 and a max loan-to-value (LTV) ratio of 85%. The minimum FICO score to qualify is 680.

Equity

Housing Wire

JULY 23, 2025

Foreign national loans often have lower interest rates than loans for citizens, a fact Daza discovered when he purchased his first home in Miami. List their pain points — opening a bank account, not knowing where to stay, not having a car — and then come up with a detailed plan to solve them.

Closing

Housing Wire

MAY 2, 2025

The company expects to close the transaction on May 8. billion in secured term notes and loans, and $5.2 billion in secured revolving bank financing lines. At the end of March, PennyMac had $4 billion in unsecured debt, $1.7 Its debt-to-equity ratio was 3.4 times, slightly lower than its target of 3.5

Finance

Housing Wire

DECEMBER 16, 2024

The cost to originate loans rises, alongside appraisal fees, credit reports, FICO verification , digital verification and insurance. If you’re making 20 or 25 basis points as an owner of a small or large independent mortgage bank (IMB), it’s not worth the risk. But you dont want to be in a position where you have to sell.

Loan Officer

Housing Wire

APRIL 28, 2025

“They’ve been able to compete with banks and credit unions, and so that’s been a big win for us. We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” “[PennyMac] is well-rounded. ”

Marketing

Housing Wire

JUNE 12, 2025

has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. Logan Finance says the suite is intended to close a growing financing gap that impacts millions of creditworthy borrowers who don’t meet the standard criteria for conventional loans. million at 70% LTV.

Finance

Housing Wire

DECEMBER 12, 2024

Many national companies had already established national refi rates with some of the biggest banks and lenders and yet that left many doing what they have always done; waiting until all the noise has fully hit and then reacting. Unfortunate for most, whereas a few had prepared, most did not see the magnitude of this market anomaly!

Title

Housing Wire

DECEMBER 2, 2024

The funds can only be used toward the down payment on a primary residence with the use of a fixed-rate conventional loan through Wells Fargo. In August 2023 , the bank announced the launch of the program in eight major U.S. In August 2023 , the bank announced the launch of the program in eight major U.S. The bank’s Dream.

Lending

Housing Wire

JANUARY 28, 2025

. … The trend over the last few years of banking financing retreating from this sector , I think it opened up a lot more opportunities for BPL lenders to be the at the forefront of the funding solution to residential developers and investment. I think [about] five years ago, banks were still extremely active in the sector.

Residential

Housing Wire

MAY 15, 2025

Every single buyer I ask, ‘Would you buy a home today if you could get a 5% rate with no points, streamline underwriting, closing fast?’ MORE’s model offers a short-term bridge loan typically around three years in length that’s designed to give buyers time to refinance or secure permanent financing.

Finance

Housing Wire

MAY 12, 2025

Bidding wars for producing mortgage loan officers are back with a vengeance and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire. His reasoning is simple: When a refinance opportunity arises, it will find the loan officerregardless of which company they work for.

Mortgages

Housing Wire

MAY 19, 2025

Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division as its new president. Were focused on execution, getting our sales force in front of customers, and having good conversations and manufacturing the loans well.

Mortgages

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. Banker and broker yield spread premiums are offered too. ” .

Mortgages

Housing Wire

JANUARY 17, 2025

The terms of the deal have not been disclosed but it is expected to close by the end of March 2025. Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. billion in loans during this period, up 37.5% It originated $2.37 year over year. billion.

Mortgages

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. With several top 10 reverse mortgage lenders now active in some form within the U.S. In the case of FOA — the current industry leader — the earnings results were robust.

Investor

Housing Wire

FEBRUARY 27, 2025

In the modern mortgage market , mortgage rates are close to 7%, and the gig economy has pushed some borrowers away from trying to qualify for conventional mortgages. To save time, Acra employs an eligibility review system for non-QM loans. With this process, brokers can validate appraisals before the loans submission.

Lending

Housing Wire

MAY 13, 2025

At the core of this strategy is Better s AI loan assistant, Betsy , which executed 127,000 consumer interactions in March. Another notable factor in accomplishing all three goals is Better’s partnership with NEO Home Loans , announced in January. “In January, we funded $2 million of loans for four families. .

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