Housing Wire

MARCH 31, 2025

Rocket said the the transaction is expected to generate $100 million in additional pre-tax revenue from higher recapture rates and attaching its title, closing and appraisal services to Mr. Coopers existing originations. Mr. Cooper did about $23 billion in originations last year, according to Inside Mortgage Finance data.

Finance 441

Finance Title Mortgages Equity 441

Housing Wire

JANUARY 6, 2025

Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. The consumer watchdog on Monday filed a lawsuit in a U.S.

Loans 421

Loans Finance Lending Mortgages 421

Housing Wire

MAY 2, 2025

billion in mortgages in 2024, up 15% year over year, according to Inside Mortgage Finance data. Some prospective borrowers particularly those who fall outside rigid income qualification framework from Fannie Mae and Freddie Mac need to make non-contingent offers and move quickly without traditional financing roadblocks, the company stated.

Closing 246

Closing Loan Officer Finance Loans 246

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. To avoid this, you’d need additional rule changes.

Finance 420

Finance Agents FHA loan Loans 420

Housing Wire

MARCH 10, 2025

The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025. Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity.

Purchase and sale agreement 458

Purchase and sale agreement Pre-approval Brokerage Equity 458

Housing Wire

NOVEMBER 15, 2024

Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year. In Charlotte , borrowers to lock in a lower rate on select Quick Move-In homes that can close by the end of the year. The home builder’s holiday incentives range by location.

Fixed-rate mortgage 397

Fixed-rate mortgage Closing costs Residential Finance 397

Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

Mortgages 466

Mortgages Finance Loans Equity 466

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. He had a particular focus on residential developers and homebuilders.

Finance 416

Finance Residential Investor Lending 416

Housing Wire

APRIL 1, 2025

The Federal Housing Finance Agency (FHFA) continues to make leadership changes at the board and executive levels of Freddie Mac and Fannie Mae. Just two weeks ago, it was announced that Pulte was making moves to trim the FHFA staff and divisions from the roster.

HR 443

HR Finance Closing Mortgages 443

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. As a result, many condo deals don’t close due to a lack of understanding on the agent’s part.

Finance 414

Finance Agents Mortgages Loan Officer 414

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. As part of the deal that closed Oct. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door.

Lending 465

Lending Mortgages Loan Officer Principal 465

Housing Wire

SEPTEMBER 30, 2024

California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages. loanDepot said this is the 10th time it has closed a transaction of this kind.

Closing 405

Closing Principal Residential Finance 405

Housing Wire

APRIL 17, 2024

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. This is specifically designed to benefit consumers during the high rate environment, the agency said. “In

Closing 526

Closing Mortgages Equity Loans 526

Housing Wire

APRIL 18, 2025

These findings reflect a lack of appropriate controls by closing agents and lenders to identify and fix issues, the report stated. Escalating fraud risks FundingShield flagged growing concerns around closing protection letter (CPL) validation. It found that 46.8% errors the highest number on record. In Q1 2025, 10.8%

Title 336

Title Closing Commercial Loans 336

Housing Wire

OCTOBER 7, 2024

Freiha joins Opendoor after a three-year stint at Alphabet, where he started as Google ’s vice president of finance and oversaw commerce and payments before moving to capital allocations and planning. Prior to that, he worked in similar roles with eBay.

Technology 418

Technology Finance Title MLS 418

Housing Wire

OCTOBER 25, 2024

The expectation is that NEO will close by the end of February 2025. We made the decision to close the NEO Division to align with our long-term business strategy,” Taryn Reuter, CEO and chairman of Luminate, said in a statement. Inside Mortgage Finance shows Luminate Bank originated $1.26

Loans 408

Loans Closing Banks Lending 408

Housing Wire

DECEMBER 18, 2024

This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. As 2024 comes to a close, the Fed has managed to overlook these issues for another year due to the factors mentioned above. We will soon find out.

Construction 496

Construction Residential Sales Mortgages 496

Housing Wire

MARCH 27, 2025

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. “By embedding this technology, were making our homebuyer funnel even stickier keeping borrowers engaged from financial preparation to closing.

Mortgages 316

Mortgages Loan Officer Technology Loans 316

Housing Wire

OCTOBER 25, 2024

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Agency loans have limitations such as loan amounts, only allowing up to ten financed properties and they don’t accept five to nine units. Non-QM opens doors for real estate investors.

New Construction 421

New Construction Investor Construction Loans 421

Housing Wire

OCTOBER 1, 2024

Inside Mortgage Finance ranked Rocket as the eighth-largest U.S. Rocket is committed to the entire homeownership experience from budgeting and credit building, to home search, financing and servicing,“ Bill Banfield, chief business officer of Rocket Companies, said in a statement. “We billion as of June 30. Annaly was No.

Closing 404

Closing Principal Loans Finance 404

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.

Finance 454

Finance Sales Equity Industrial 454

Housing Wire

OCTOBER 22, 2024

“By automating routine tasks and providing instant, personalized service, we empower agents to focus on what truly matters — building relationships and closing deals,” Real President Sharran Srivatsaa said in a statement. This represents the future of real estate — seamless, efficient and client-centered — and we are proud to lead the charge.”

Agents 410

Agents Brokerage Technology Staging 410

Housing Wire

OCTOBER 18, 2024

We have partnered with Calque to provide better options to those customers, including the ability to close immediately on a new home before putting their current home on the market.” Together, we’re changing the way people think about home financing by offering solutions that work for real people in real markets.”

Purchase and sale agreement 420

Purchase and sale agreement Mortgages Equity Finance 420

Housing Wire

JANUARY 23, 2025

The Federal Housing Finance Agency had previously estimated that the pilot could save consumers between $500 and $1,500 per transaction. In their analysis, Nigrinis and Zywicki found that borrowers refinancing their mortgage could save an estimated $2.19 billion in total or as much as $1,692 per loan.

Title 441

Title Land Loans Closing costs 441

Housing Wire

FEBRUARY 3, 2025

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. It also ties into architects and builders creating smaller, denser homes to help close the affordable housing supply gap.

Debt-to-income ratio 339

Debt-to-income ratio Loans VA loan FHA loan 339

Housing Wire

MAY 2, 2025

The company expects to close the transaction on May 8. billion in secured revolving bank financing lines. The list of companies that recently issued debt includes Better Home & Finance Holding Co. At the end of March, PennyMac had $4 billion in unsecured debt, $1.7 billion in secured term notes and loans, and $5.2

Finance 369

Finance Equity Banks Mortgages 369

Housing Wire

NOVEMBER 11, 2024

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. Not even close. ” If a deal closes, Zillow will collect 40% of the agent’s commission.

Mortgages 432

Mortgages Loan Officer Loans Agents 432

Housing Wire

JANUARY 3, 2025

But beyond superior structural integrity, modulars factory-built construction methods also support waste reduction as structures can be built much more quickly and efficiently within a closed factory setting. This type of environment saves on energy usage and has been shown to cut build times by up to 50%.

Development 409

Development Construction Finance Investor 409

Housing Wire

OCTOBER 24, 2024

Although completed foreclosure auctions have plateaued in 2024 at less than half of pre-pandemic levels, the number of delinquent mortgages is close to pre-pandemic levels, according to an Auction.com analysis of public record data from ATTOM Data Solutions and survey data from the Mortgage Bankers Association (MBA). There is a lot of fear.”

Bankruptcy 421

Bankruptcy Equity Hard money loan Finance 421

Housing Wire

MARCH 4, 2025

The takeaway from the pending sales numbers is that it takes roughly 35 days on average for sales to close, so homes in contract now will generally close in March, Simonsen wrote. Simonsen noted that the 60,000 pending sales of single-family homes are down 3% year over year even as the 639,000 homes available for purchase are up 28%.

Mortgages 442

Mortgages Sales Finance Closing 442

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 404

Mortgages Equity Loan Officer Loans 404

Housing Wire

JANUARY 24, 2025

And about 10% of the total share of complaints were related to issues with loan closings. It was followed by Finance of America (27), Longbridge Financial (11) and Mutual of Omaha Mortgage (8). The overwhelming majority of complaints (98%) were responded to in a timely manner, and a similar share were closed with explanation.

Mortgages 391

Mortgages Bankruptcy Short sale Loans 391

Housing Wire

APRIL 22, 2025

Traditionally, this season brings a surge in purchase activityand in 2025, that trend is especially important for lenders to watch closely against the backdrop of a high-interest rate environment. Offer creative financing solutions Buyers need flexibility. Spring marks the peak season for the U.S.

Loan Officer 319

Loan Officer Finance Loans Mortgages 319

Housing Wire

NOVEMBER 19, 2024

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The caucus expressed this view in a letter written by Reps. Lou Correa (D-Calif.), Mark Alford (R-Mo.),

Title 397

Title Title search Closing costs Loans 397

Housing Wire

JANUARY 22, 2025

Since its launch, the company claims that its AI tool has tripled its conversion rate from website visits to loan closings. With this intuitive platform, we will remove traditional barriers for homebuyers through instant offers, AI-powered financing and Verified Approval Letters.

Staging 370

Staging Design Mortgages Finance 370

Housing Wire

OCTOBER 22, 2024

The FHA’s 203(k) rehabilitation mortgage program currently has a requirement that “when a repair is considered ‘major,’ it becomes ineligible to be financed” as part of the 203(k) limited option, ”if the repairs prevent the borrower from occupying the property for more than 15 days.”

Inspection 441

Inspection Loans Finance Mortgages 441

Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Could you share how this move puts Dunmor at the forefront of that?

Residential 341

Residential Lending Finance Banks 341