Housing Wire

OCTOBER 18, 2024

Provident, run by the Pica family, is known in the industry for its conservative approach and sports a better-than-average delinquency rate in its servicing portfolio, so it’s perhaps not a huge surprise it would exit such a choppy space. Messages left with Provident were not immediately returned on Friday.

Mortgages 520

Mortgages Marketing Lending Finance 520

Housing Wire

APRIL 29, 2025

Kicking off the first 2025 event held by the National Reverse Mortgage Lenders Association (NRMLA) Tuesday morning in Irvine, Calif., the associations co-chairs offered an update on the industrys advocacy efforts. These meetings include with Rep. French Hill (R-Ark.), the chairman of the House Financial Services Committee, and Rep.

Industrial 340

Industrial Development Mortgages Equity 340

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 417

Mortgages Equity Banks Lending 417

Housing Wire

JANUARY 8, 2025

California -based direct lender AmeriTrust Mortgage announced a new addition to its leadership team. The company welcomed veteran mortgage executive Jett Farrington this week as its new chief operating officer. Schoep told HousingWire that Farrington has a proven track record of leadership, expansion and mortgage industry expertise.

Mortgages 384

Mortgages Loans Industrial Banks 384

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.

Mortgages 407

Mortgages Equity Loan Officer Loans 407

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls’ prior experience spans several companies — including Movement Mortgage and WR Starkey Mortgage.

Lending 400

Lending Mortgages Loan Officer Development 400

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 373

Closing Mortgages Lending Banks 373

Housing Wire

APRIL 3, 2025

A lawsuit over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender has been brought to an end with a summary judgment, but the plaintiffs in the case have vowed to appeal the decision. The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023.

Banks 252

Banks Principal Mortgages Lending 252

Housing Wire

APRIL 22, 2025

Today’s mortgage lending environment is shifting rapidly. However, one mortgage company is in a prime position to transform the market and deliver value to mortgage professionals. However, one mortgage company is in a prime position to transform the market and deliver value to mortgage professionals.

Lending 364

Lending Loans Mortgages Technology 364

Housing Wire

APRIL 11, 2025

The regulation was the target of criticism from the mortgage industry. The main criticism from mortgage trade groups centered on what they characterized as the rules redundancy. Independent mortgage banks ( IMBs ) already report similar information through the Nationwide Multistate Licensing System and Registry (NMLS).

Industrial 273

Industrial Banks Mortgages Residential 273

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Naturally, this includes reverse mortgages, he explained. That role is an active one, Allen said.

Mortgages 368

Mortgages Lending Banks Industrial 368

Housing Wire

NOVEMBER 14, 2024

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. While Ellington’s results were softer in comparison , company leaders remain bullish on profitability prospects for Longbridge and the wider industry.

Investor 369

Investor Mortgages Bankruptcy Equity 369

Housing Wire

DECEMBER 23, 2024

The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval. Mortgage trade groups, however, remain optimistic about the bill’s prospects in the 119th Congress. The legislation, introduced by Sens.

Mortgages 383

Mortgages Banks Loans Industrial 383

Housing Wire

JUNE 12, 2025

Veteran attorneys James Brody, Ron Gapp and Ashley Jumpp on Thursday announced the opening of Brody Gapp LLP , a national law firm that will focus on legal and compliance needs for mortgage companies and financial institutions. Hanna, president and CEO of Oregon -based Lions Capital Mortgage.

Mortgages 409

Mortgages Loans Brokerage Banks 409

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 384

Lending Mortgages Loan Officer Loans 384

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. We took a very careful and measured approach to finding a potential partner to grow our QM business, Max Slyusarchuk , CEO of A&D Mortgage, said in a statement.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

APRIL 28, 2025

VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years. The mortgage industry accounted for 1.2% But when considering only mortgage originations, the usage of the credit score surged by 166% in 2024, according to the data.

Mortgages 301

Mortgages Loans Banks Industrial 301

Housing Wire

MAY 27, 2025

Banking and mortgage technology company nCino made a large reduction in force (RIF) ahead of its quarterly earnings call on Wednesday. ” nCino, based in North Carolina, makes a cloud-based banking system that is used for commercial banking and mortgage, including a popular loan origination system. .

Technology 335

Technology Banks Commercial Mortgages 335

Housing Wire

MAY 28, 2025

A former attorney in Washington state this week pleaded guilty in federal court to defrauding a disabled client out of an estimated $800,000 in part through the misuse of a reverse mortgage, according to an announcement by the Department of Justice (DOJ) and the U.S. Attorney’s Office for the Western District of Washington.

Mortgages 310

Mortgages Loans Lending Design 310

Housing Wire

APRIL 17, 2025

Housing industry pros are largely supportive of the raft of changes the Federal Housing Administration made related to the COVID-19 era loss mitigation waterfall. What they’ve instituted is a responsible and fair way of addressing the needs of people who are in trouble with their mortgage and can work it out.

Industrial 267

Industrial Mortgages Equity Banks 267

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. According to the mortgage tech platform Modex , HSBC originated about $3.5

Loan Officer 397

Loan Officer Lending Banks Loans 397

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers.

Mortgages 392

Mortgages Title Lending Loans 392

Housing Wire

FEBRUARY 26, 2025

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world.

Mortgages 286

Mortgages Banks Equity Development 286

Housing Wire

MARCH 3, 2025

Union Home Mortgage (UHM) on Monday announced its acquisition of Nations Reliable Lending , aka NRL Mortgage. By coming together, we expand the reach of that promise further, while also continuing to build a unique workplace culture in the mortgage industry,” UHM CEO Bill Cosgrove said in a statement.

Mortgages 260

Mortgages Loan Officer Lending Banks 260

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 260

Mortgages Lending Technology Loans 260

Housing Wire

MARCH 19, 2025

She had an association with Kind Lending before being hired as COO, as the company was a client of LendArch, the mortgage consulting firm she founded in 2021. Richards has a long history in leadership and executive roles in the mortgage industry. At the time of her hiring, she remained the CEO of LendArch.

Lending 201

Lending Industrial Bankruptcy Mortgages 201

Housing Wire

MAY 13, 2025

After lawsuit challenging the governments authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae , the plaintiff in the case has made good on its promise to appeal the decision. It chose mortgages.

Banks 201

Banks Mortgages Equity Industrial 201

Housing Wire

MAY 19, 2025

In November, Chicago-based mortgage lender Rate formerly known as Guaranteed Rate announced that it was revamping its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers.

Mortgages 275

Mortgages Loan Officer Loans Industrial 275

Housing Wire

FEBRUARY 6, 2025

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. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

Loans 301

Loans Mortgages Equity Construction 301

Housing Wire

JUNE 9, 2025

Unlike the pre-2008 era, stricter lending standards and robust regulations have kept mortgage delinquency rates low, significantly lowering the odds of a catastrophic collapse. In 2008, DTI ratios averaged 43%, leaving borrowers vulnerable to payment shocks from risky adjustable-rate mortgages as home values plummeted. The 2025 U.S.

Marketing 437

Marketing Debt-to-income ratio Fixed-rate mortgage Loans 437

Housing Wire

JULY 8, 2024

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The narrative gap Mortgage banking executives are tasked with bridging a significant narrative gap.

Banks 408

Banks Mortgages Industrial Technology 408

Housing Wire

DECEMBER 17, 2024

The reverse mortgage division of Fairway Independent Mortgage Corp. has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate , homebuilding and title insurance industries.

Lending 384

Lending Title Mortgages Banks 384

Housing Wire

JANUARY 9, 2025

Ridgeland Mortgage , a recently formed joint venture between loanDepot and homebuilder Smith Douglas Homes , on Thursday announced the appointment of Teresa Carlile as president. In her new role, Carlile will lead Ridgelands growth strategy and daily operations.

Mortgages 363

Mortgages Staging Banks Industrial 363

Housing Wire

APRIL 17, 2025

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023, according to the Mortgage Bankers Association (MBA)’s annual Mortgage Bankers Performance Report.

Loans 353

Loans Banks Mortgages Industrial 353

Housing Wire

OCTOBER 12, 2023

A coalition of trade associations — including the Community Home Lenders of America (CHLA), National Association of Realtors (NAR), and Independent Community Bankers of America (ICBA) — on Thursday called on the Biden administration to reduce the historically large spread between the 30-year mortgage rates and 10-year Treasuries.

Fixed-rate mortgage 541

Fixed-rate mortgage Mortgages Industrial Lending 541

Housing Wire

FEBRUARY 21, 2025

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. He also said he is encouraged by a greater role being played by other forward mortgage organizations in seeking out such partnerships.

Mortgages 278

Mortgages Branding Industrial Lending 278

Housing Wire

JANUARY 13, 2025

“Chris is an industry expert when it comes to driving revenue growth and building partnerships. ” Chris Marshall Marshall brings 20-plus years of experience in mortgage operations and financial leadership. .” This came after the company acquired Flagstar Bank assets in July.

Banks 367

Banks Title Technology Industrial 367