Housing Wire

FEBRUARY 24, 2025

The ongoing legal dispute between Texas Capital Bank (TCB) and Ginnie Mae added a new chapter this week. The bank is opposing a government request for a summary judgment that would hand a victory to Ginnie Mae, according to court filings reviewed by HousingWire s Reverse Mortgage Daily (RMD). 10 for all remaining claims in this case.

Banks

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

Housing Wire

MAY 19, 2025

“It feels like the right moment for this product,” said Jeana Curro , who leads agency MBS research at Bank of America. You’ve lowered the MIP; you’re making that mortgage insurance for that high-LTV loan cheaper. It was a more affordable mortgage.”

Loans

Housing Wire

APRIL 22, 2025

Purchase loans are now outpacing refinances, and interest rates are reaching the stratosphere. In this executive interview, NEO Home Loans President Ryan Grant discusses the company’s partnership with Better Mortgage , which is aimed at combining technological innovation and local market knowledge. Now they dont have to.

Lending

Housing Wire

APRIL 3, 2025

The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023. The bank alleged that Ginnie Mae had extinguished, in return for no consideration, TCBs first priority lien on tens of millions of dollars in collateral stemming from the [FHA]-sponsored [ HECM ] program. District Court for the Northern District of Texas.

Banks

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. Finance a loan, and you may lose money.

Loans

Housing Wire

OCTOBER 30, 2024

A consent order signed by a Connecticut banking commissioner said that LoanSnap failed to notify the Nationwide Multistate Licensing System (NMLS) that its main address had changed. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract.

Lending

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 County Savings Bank bought into Milestone in 2022. “With this technology , we’re going to be able to flip the script.

Loans

Housing Wire

JUNE 4, 2025

Look for value: Coaching does not have to break the bank. Dustin Owen is the SVP of Growth and Division Sales Leader with Lower and the creator and host of “The Loan Officer Podcast” And to those that say they cannot afford a coach I typically respond with, How can you not afford to invest in your product?

Loan Officer

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. and we are honored to support these efforts through our loans, investments and grants.” million to certain California markets.

Loan Officer

Housing Wire

APRIL 10, 2025

In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management. It is at the intersection of business, banking, and the economy. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field.

Investor

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

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

JUNE 9, 2025

For Ginnie Mae loans, which often serve lower-income and first-time borrowers, DTIs have surged to 45.1%, the highest since 2008 1. According to the Federal Reserve Bank of New York, credit card delinquency (60+ days past due) reached 3.5% in 2025 2 could pose risks for high loan-to-value (LTV) borrowers who have minimal home equity.

Marketing

Housing Wire

APRIL 3, 2025

The lender claimed roughly 6% marketshare in 2024 (for a growth rate of 24.4%) with nearly $140 billion spread across 366,000 loans. Rocket originated nearly as many loans as UWM at 361,000, and claimed a 25.1% billion in origination volume from 102,000 loans. But mostly, independent mortgage banks dominated the list.

Mortgages

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

Mortgages

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

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

Housing Wire

MAY 21, 2025

“Our technology eliminates the tedious ‘stare and compare’ work of analyzing bank statements while enhancing fraud detection and ensuring consistency across underwriting decisions,” said Paul Gigliotti , chief growth officer at Prudent AI. Jones : The way to help loan officers is to make it very easy from our side.

Mortgages

Housing Wire

NOVEMBER 18, 2024

Department of Veterans Affairs (VA) and the Federal Home Loan Banks (FHLBs) in New York, Chicago and San Francisco. The new resource provides tools and guidance to facilitate integration and aligns with the growing adoption of VantageScore 4.0 by a number of industry players. These include the U.S.

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. For many of these people traditional full doc loans might not work because they cant use tax returns for qualification.

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 30, 2024

When asked whether loan buybacks were a more significant issue last year than now, Freddie Mac executive Sonu Mittal says emphatically, “It depends on who you ask.” Freddie Mac has seen a nearly 55% reduction in repurchase requests from its peak in the first quarter of 2023. This expands upon a pilot program launched earlier this year.

Debt-to-income ratio

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. bank branches, the study found, compared to 55.1 Rural areas of the U.S. in non-rural areas.

New Construction

Housing Wire

FEBRUARY 24, 2025

Cooper won’t be onboarding as many Flagstar Bank employees as initially projected in its $1.4 billion deal to acquire the depository bank’s residential mortgage servicing operations. trillion in its servicing portfolio and has made big upgrades in technology to help recapture loans. It now has north of $1.5

Banks

Housing Wire

JULY 18, 2025

Only 40% of respondents said they trust banks — a sharp drop from 61.5% Trust in loan officers has plunged even further, down to 19.5%. Only 20% of respondents now trust loan officers to guide them through mortgage decisions, while only 33% believe that real estate agents provide reliable advice.

Loan Officer

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

MARCH 13, 2025

Vice Capital Markets , a mortgage hedge advisory firm for independent lenders, banks and credit unions, announced Thursday that it is the first to integrate Fannie Mae s new loan pricing application programming interface (API) into its trading portal.

Loans

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

JANUARY 14, 2025

HousingWires Mortgage Rates Center showed that the average 30-year conforming loan rate was 7.15% on Tuesday, up 6 basis points (bps) from a week ago. The 15-year conforming loan rate averaged 7.34% on Tuesday up an astonishing 23 bps in the past week. This is also the highest rate since June 2024. Economic activity is robust.

Mortgages

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

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.

Title

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 7, 2025

Waltz said it’s now positioned to support up to $1 billion in loan volume, a move aligned with growing foreign demand for U.S. bank accounts, exchange currencies and finance property purchases. .” bank accounts, exchange currencies and finance property purchases. property investment amid global economic uncertainty.

Investor

Housing Wire

JANUARY 7, 2025

The CFPB alleges that Experian routinely and uncritically accepted responses from banks, credit companies and debt collectors on consumer disputes, even when it was illogical on its face or unreliable. Vanderbilt is accused of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans.

Finance

Housing Wire

MARCH 24, 2025

this year, while wages are risingan encouraging sign that were moving toward a healthier market For lenders, this means preparing for a shift in borrower demographics and ensuring loan origination processes are built for scale. Additionally, rate buy-down incentives are playing a major role in helping move new home inventory. Those who dont?

Technology

Housing Wire

FEBRUARY 11, 2025

Mortgage lending, small business loans, and investments in local development projects are all driven by local lenders who know their markets, live in their communities, and have a vested interest in the growth of their economies. The availability of funding at the local level is the driving force in building stronger communities.

Lending