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. FinLockers no-cost verification is a game-changer for our business,” said Steve Majerus, CEO at Synergy One Lending. ” . ”

Mortgages 384

Mortgages Loan Officer Technology Loans 384

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. FHFA explained some of the actions it has taken to address housing inequality.

Lending 450

Lending Finance Closing costs Closing 450

Housing Wire

APRIL 28, 2025

In a statement to HousingWire, a Rocket spokesperson said the company is excited for the highly skilled loan officers at Bay Equity Home Loans who will join the firm after the acquisition closes. The RocketRedfin deal is expected to close in Q2 or Q3. billion, according to Inside Mortgage Finance data. They will be a great fit.

Loan Officer 390

Loan Officer Equity Loans Brokerage 390

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 373

Loan Officer Finance Loans Mortgages 373

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 509

Construction Residential Sales Mortgages 509

Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. Executives at Planet Home Lending were also on the call. Vested employees will be paid after the deal closes. Last year, it acquired the majority of Platinum Home Mortgage Corp.’s

Lending 461

Lending Loans Finance Mortgages 461

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 426

Mortgages Equity Loan Officer Loans 426

Housing Wire

MAY 29, 2024

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Kind Lending, a California-based lender founded by industry veteran Glenn Stearns, is a client of LendArch , a mortgage consulting firm that Richards founded in 2021.

Lending 422

Lending Banks Loan Officer Loans 422

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. The terms of the deal have not been disclosed but it is expected to close by the end of March 2025. It originated $2.37 billion in loans during this period, up 37.5%

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. 16 in the most recent rankings.

Equity 483

Equity Lending Banks Loans 483

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The financing can be used to make a down payment, pay down debt, or cover repairs and moving expenses. The loan includes no interest for six months. billion.

Lending 440

Lending Loans Loan Officer Equity 440

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S.

Lending 439

Lending Sales Commercial Loans 439

Housing Wire

NOVEMBER 10, 2023

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Mortgage holders, on average, now have close to $200,000 of available equity in their homes, making home equity options an attractive alternative.

Lending 469

Lending Equity Banks Loans 469

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Lending 451

Lending Renovation Loans Mortgages 451

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? 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. Acra Lending has done precisely that. For them, the word would likely be “flowing.”

Lending 312

Lending Technology Loans Mortgages 312

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 392

Lending Banks Finance Loans 392

Housing Wire

OCTOBER 25, 2024

The expectation is that NEO will close by the end of February 2025. According to Luminate, the decision reflects, among other things, its “focus on integrating mortgage lending into its core banking services to better serve clients and build long-term financial relationships.” Inside Mortgage Finance shows Luminate Bank originated $1.26

Loans 427

Loans Closing Banks Lending 427

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 439

Finance Residential Investor Lending 439

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The transaction is expected to close in May. “We Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options.

Lending 440

Lending Banks Loans Renovation 440

Housing Wire

JANUARY 30, 2025

In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. To close the conversation, Davis explores Deephaven’s focus on home equity and new construction products in 2025.

New Construction 338

New Construction Construction Marketing Investor 338

Housing Wire

APRIL 4, 2025

The Peak variation also updated seasoning requirements for Platinum-to-Platinum or proprietary-to-Platinum to 24 months, from one closing date to the next. The new variation will also allow Longbridge partners to reengage with borrowers who may have previously been short to close.

Mortgages 344

Mortgages Principal Loans Equity 344

Housing Wire

OCTOBER 25, 2024

Novaprime is starting with post-close quality control functions and working backwards. Miami-based Novaprime utilized smart contracts that conform to MISMO standards and extract all the loan data and compare it to source data of documents as well as agency eligibility, all in real time.

Loans 426

Loans Investor Closing Lending 426

Housing Wire

MARCH 14, 2025

This was some of the perspective shared this week by Kristen Sieffert , president of Finance of America (FOA) when the company presented its earnings results for the fourth quarter and full year. FOA’s second-lien product accounted for only one tenth of 1% of total second-lien lending to the senior demographic.

Branding 356

Branding Equity Lending Finance 356

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 425

Debt-to-income ratio Loans VA loan FHA loan 425

Housing Wire

JANUARY 10, 2023

Bank executives reportedly expressed concerns about “reputational risk” when financing large amounts of loans originated from other firms. In practice, the bank’s portfolio on correspondent lending was already in free fall. That was good for no. 3 on the correspondent leaderboard.

Closing 498

Closing Lending Banks Equity 498

Housing Wire

AUGUST 5, 2022

Even if home prices experience modest declines in the coming months, many homeowners will still have adequate equity to make a HELOC an attractive alternative for their financing needs. Not only would the homeowner incur closing costs, but in most cases, the borrower would also have to stomach a higher rate on the existing mortgage balance.

Equity 440

Equity Lending Closing costs Mortgages 440

Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Correspondent lending is also a relatively bright spot for a mortgage industry that’s suffered from low origination volume. from Q4 2022.

Lending 370

Lending Banks Loans Mortgages 370

Housing Wire

APRIL 18, 2025

announced that it was implementing hybrid e-closings into its reverse mortgage processes. They are mainstream in many lending products, and now reverse mortgage customers expect the same type of engagement, Conneen said. NRMLA President Steve Irwin described how he is delighted about Fairways hybrid e-closings announcement.

Technology 355

Technology Mortgages Industrial Finance 355

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 426

Closing Principal Residential Finance 426

Housing Wire

SEPTEMBER 29, 2022

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . year-over-year, according to Inside Mortgage Finance. The company ranked no. 33 among the top U.S.

Closing 451

Closing Finance Commercial Mortgages 451

Housing Wire

FEBRUARY 6, 2025

Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. This loan type offers up to $2 million in financing.

Loans 343

Loans Mortgages Equity Construction 343

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending 344

Lending Technology Title Development 344

Housing Wire

MAY 30, 2023

The decision is part of UBS’s strategy to focus more on financing mortgage originators , the outlet said, citing an anonymous source discussing non-public information who asked not to be identified. “We The mortgage-trading decision comes on the heels of UBS working to integrate the operations of Credit Suisse Group AG.

Closing 411

Closing Mortgages Banks Lending 411

Housing Wire

MARCH 21, 2025

.’ In a presentation for investors , Rocket outlined how its acquisition of Redfin will help the company create a more seamless and affordable way for consumers to transact real estate, showing how it will take consumers from the home search phase all the way through title and closing. But Zillow has that recognizable consumer brand.

Loan Officer 288

Loan Officer Loans Mortgages Title 288

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

Lending 391

Lending Banks Loan Officer Loans 391

Housing Wire

AUGUST 7, 2023

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. How to safely qualify more minority borrowers The U.S.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. And as instant online automated approval and closing continues to elude home equity lending, attention has turned to artificial intelligence.

Equity 392

Equity Lending Title search Title 392