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.

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Mortgages Equity Lending Design 370

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. Mayer said.

Mortgages 349

Mortgages Branding Industrial Lending 349

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

APRIL 3, 2025

Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies.

Marketing 300

Marketing Branding Equity Finance 300

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? They own the home with their name on the title, as with any mortgage, traditional or reverse. Yet staggeringly few are aware of its existence.

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Finance Seller concession Loan Officer Loans 482

Housing Wire

OCTOBER 22, 2024

The final product Real unveiled at RISE is Real Wallet , a financial platform designed to help agents control and manage their finances. based agents can sign up for a business checking account with Thread Bank , which includes a Real-branded debit card. The product is currently available to select agents in the U.S. and Canada.

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Agents Brokerage Technology Staging 435

Housing Wire

SEPTEMBER 4, 2020

She has also sat on the boards of numerous companies, including leading brands such as Dollar Tree , Neiman Marcus and Petco. Jim Anderson is joining Finance of America Mortgage , a national, full-service mortgage banker as chief marketing officer, bringing more than 20 years of marketing experience to the company.

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Finance Branding Title Lending 476

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

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Branding Equity Lending Finance 356

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. As of late-day trading on Wednesday, the price currently sits at $0.59.

Finance 482

Finance Sales Equity Mortgages 482

Housing Wire

APRIL 2, 2025

Top-five reverse mortgage industry lender Finance of America (FOA) announced on Wednesday that it has promoted Jonathan Scarpati to the role of chief production officer. He added that supporting the companys partners to potentially serve as stronger reverse mortgage advocates will continue to be a key focus for me, he added.

Equity 321

Equity Finance Lending Branding 321

Housing Wire

FEBRUARY 6, 2025

Rithm Capital , which owns multichannel mortgage lender Newrez , built upon its success in 2023 with net income of $835 million in 2024. according to Inside Mortgage Finance (IMF). Home equity loans comprise nearly half of its mortgage servicing rights (MSRs), with 21% of its portfolio having loan-to-value ratios of 50% or less.

Loans 411

Loans Equity Principal Mortgages 411

Housing Wire

APRIL 22, 2025

As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity , reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products.

Equity 356

Equity Marketing Finance Mortgages 356

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We experienced an inflation rate of 3.1% billion AUD, or roughly $1.2

Mortgages 448

Mortgages Banks Finance Branding 448

Housing Wire

MARCH 21, 2025

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. But Zillow has that recognizable consumer brand. John Campbell, an analyst at Stephens , shares a similar view.

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Loan Officer Loans Mortgages Title 292

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 370

Finance Lending Mortgages Renovation 370

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Equity 367

Equity Lending Residential Branding 367

Housing Wire

JULY 17, 2024

Reverse mortgage marketing can be an exacting process. While the performance metrics for the reverse mortgage industry so far this year have not been anywhere near record-breaking, this also breeds ambition for participants to focus on ways they can renew their messaging about the product.

Mortgages 448

Mortgages Marketing Finance Equity 448

Housing Wire

MARCH 5, 2025

PennyMac Financial Services , one of the nations largest mortgage lenders and servicers, on Wednesday announced a partnership that will give the company a high level of visibility during the 2028 Olympic Games in Los Angeles. California-based Pennymac will be the official mortgage supporter of the U.S. The company closed $115.1

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Design Mortgages Branding Finance 382

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 458

Brokerage Mortgages Technology Branding 458

Housing Wire

AUGUST 10, 2022

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

Lending 448

Lending Mortgages Loan Officer Branding 448

Housing Wire

APRIL 30, 2025

If the mortgage industry had a mantra at the start of last year, it was something like: Just survive to get to 2025. But now heres 2025, and its clear that mortgage rates arent falling the way wed hoped, and the market is going to take more time than we thought to find its new normal.

Mortgages 195

Mortgages Industrial Loans Technology 195

Housing Wire

MARCH 6, 2025

Another factor is Reals private-label program, which launched in 2024 and allows brokerage affiliates to keep their branding. Real also added head count to its nascent mortgage business. This allowed the company to grow its mortgage revenue from $1.2 It started 2024 with 18 loan officers and finished the year with about 90.

Brokerage 370

Brokerage Agents Loan Officer Technology 370

Housing Wire

FEBRUARY 19, 2025

These partnerships can take various forms including partnerships with mortgage brokers , title companies , property management firms, insurance providers, contractors, lenders , or technology vendors. Marketing and branding Effective marketing is essential to growing a real estate business or any business, regardless of the industry.

Branding 345

Branding Technology Brokerage Title 345

Housing Wire

MAY 8, 2024

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders.

Loans 440

Loans Mortgages Lending Branding 440

Housing Wire

JUNE 10, 2024

Mortgage veteran Joe Tyrrell will succeed Scott Smith as CEO of Optimal Blue , the company announced Monday. Tyrrell has more than 25 years of experience in mortgage, finance and technology, serving as president of ICE Mortgage Technology for three years after ICE bought Ellie Mae in 2020.

Mortgages 458

Mortgages Technology Branding Industrial 458

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 448

Lending Mortgages Equity Loan Officer 448

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

Finance 397

Finance Industrial Development Mortgages 397

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. billion during the same time period, according to mortgage recruiting platform Modex. In total the lenders have originated about $3.3

Mortgages 459

Mortgages Loan Officer Banks Finance 459

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. There’s about 8,500 fix-and-flip mortgage lenders in the U.S. Faes & Co has also been involved with building a short-term mortgage lender in Ireland. LendInvest has more than $4.7

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

JANUARY 22, 2024

After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when compared with recent years past. Reduced volume, a challenging mortgage rate environment and industry consolidation has contributed to some of the broader changes.

Mortgages 459

Mortgages Finance Industrial Equity 459

Housing Wire

JANUARY 6, 2022

Rocket Companies announced this week that its CEO Jay Farner has stepped away from his role as Rocket Mortgage CEO, to assume the role of CEO of Rocket Central , the mortgage company’s fintech platform. Bob Walters, COO of both Rocket Companies and Rocket Mortgage, has stepped into the role as CEO of Rocket Mortgage.

Mortgages 459

Mortgages Technology Finance Branding 459

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 3 Self-driving banks.

Mortgages 534

Mortgages Banks Loan Officer Technology 534

Housing Wire

MARCH 31, 2025

Cooper CEO Jay Bray who is slated to report to Krishna as the president and CEO of Rocket Mortgage told HousingWire in an interview that the merger is expected to generate $100 million in revenue synergies and $400 million in expense savings. There is the potential for significant revenue growth depending on mortgage rates.

Technology 335

Technology Mortgages Industrial Title 335

Housing Wire

MARCH 5, 2025

1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. 1 mortgage company in America. 1 mortgage company in the country.

Loan Officer 435

Loan Officer Loans Technology Mortgages 435

Housing Wire

JANUARY 9, 2025

The Consumer Financial Protection Bureau (CFPB) in December released its 2023 Mortgage Market Activity and Trends report, which included a brief look at activity from the reverse mortgage industry based on Home Mortgage Disclosure Act (HMDA) data from 2023. of all reverse mortgage originations reported under the guidelines.

Mortgages 366

Mortgages Finance Branding Lending 366

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

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Sales Mortgages Loan Officer Loans 448