Housing Wire

MARCH 11, 2025

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

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Closing Mortgages Investor Loan Officer 329

Housing Wire

APRIL 8, 2025

announced the incorporation of hybrid e-closings for reverse mortgages on Tuesday, aiming to incorporate its experience with the technology on the forward side of the mortgage business into its reverse mortgage division for the first time. Fairway Independent Mortgage Corp.

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Closing Mortgages Lending Technology 257

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

Residential 341

Residential Lending Finance Banks 341

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday. This grant can be used to discount underwriting fees paid at closing, or to reduce the interest rate and down payment.

Lending 447

Lending Closing Banks Commercial 447

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 237

Lending Equity Banks Construction 237

Housing Wire

JUNE 17, 2024

Wells Fargo ’s program that provides up to $5,000 in closing costs for low- and moderate-income families to purchase a home has been extended to an additional 16 metro areas, the bank announced on Monday. It can be used to pay nonrecurring closing costs, such as appraisal, processing, title and recording fees.

Closing costs 458

Closing costs Closing VA loan Banks 458

Housing Wire

APRIL 15, 2025

In its 2025 State of eClose Adoption Report released on Tuesday, Snapdocs revealed that 90% of mortgage lending institutions now offer digital closings to customers. Snapdocs said that the rise in digital closings is due to the measurable efficiencies and improved experience that digitization delivers. the industry average.

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Closing Technology Lending Loans 210

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

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Lending Loans Finance Mortgages 441

Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca will lead loanDepot’s loan processing, underwriting and closing operations, which in the first quarter of 2024 were responsible for closing $4.6

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Lending Mortgages Banks Closing 418

Housing Wire

MARCH 19, 2025

Chief operating officer Tammy Richards is taking on a new role at Kind Lending. Richards announced Tuesday on LinkedIn that shes now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company. But her relationship with loanDepot ended in acrimony after she left in 2021.

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Lending Industrial Bankruptcy Mortgages 199

Housing Wire

MAY 19, 2025

Non-QM (Non-Qualified Mortgage) lending has become essential to todays mortgage landscape, providing solutions for creditworthy borrowers who fall outside traditional lending criteria. HW: How closely are the Non-QM and traditional QM mortgage markets connected?

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Lending Loans Due diligence Investor 199

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.

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Equity Lending Banks Loans 466

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20.

Lending 432

Lending Brokerage Loan Officer Loans 432

Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% The data includes total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans. Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing.

Equity 414

Equity Lending Loans Renovation 414

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.

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Lending Finance Closing costs Banks 422

Housing Wire

MAY 15, 2025

Every single buyer I ask, ‘Would you buy a home today if you could get a 5% rate with no points, streamline underwriting, closing fast?’ Leahy emphasized that his company’s approach helps individuals who dont fit the traditional lending mold. Every single buyer is preapproved through MORE Lending, Leahy explained.

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Finance Lending Bankruptcy Residential 370

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.

Mortgages 370

Mortgages Lending Banks Finance 370

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. “With so many of our lending officers turning to the Knock Bridge Loan as a financing solution, this integration will streamline the approval process.

Lending 421

Lending Loans Loan Officer Equity 421

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

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Lending Industrial Mortgages Technology 429

Housing Wire

JANUARY 6, 2025

district court in Tennessee against Vanderbilt for purported violations of the Truth in Lending Act and Regulation Z. Vanderbilt knowingly traps people in risky loans in order to close the deal on selling a manufactured home, CFPB Director Rohit Chopra said in a statement. The consumer watchdog on Monday filed a lawsuit in a U.S.

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Loans Finance Lending Mortgages 421

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.

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Loans Investor Closing Lending 406

Housing Wire

FEBRUARY 10, 2025

In July 2024, Kiavi announced its closing of a $350 million securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. It also closed five RTL securitizations for nearly $2 billion and expanded its product suite by launching a new construction financing product.

Lending 259

Lending New Construction Residential Investor 259

Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in.

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Lending Equity Investor Residential 368

Housing Wire

JULY 11, 2024

The advantages for lenders The integration of advanced data collection techniques and the all-in-one ecosystem offers several significant advantages to lenders, positioning Opteon as a preferred partner in the lending process. This efficiency translates to cost savings and improved operational workflows for lending institutions.

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Lending Technology Industrial Loans 434

Housing Wire

DECEMBER 2, 2024

“We are expanding the availability of our Homebuyer Access grant program to additional areas to expand opportunities for low-to-moderate income homebuyers,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement. program provides up to $5,000 in closing cost credits to borrowers with an income at or below 80% of the AMI.

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Lending Closing costs Banks Equity 384

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

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.” The team was previously part of Celebrity Home Loans. “We

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Loans Closing Banks Lending 408

Housing Wire

MARCH 30, 2025

As always, you have to examine the data closely before concluding anything on the internet. However, there is a big difference between apartment lending and homeowners who have a 30-year fixed-rate mortgage. Notably, the rate of multifamily delinquencies currently stands at under 1%, but it is at levels above the 2008 recession.

Fixed-rate mortgage 541

Fixed-rate mortgage Bankruptcy Loans Commercial 541

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

Mortgages 387

Mortgages Title Lending Loans 387

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

JANUARY 8, 2025

GridBase is a proven leader in title and lending technology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows. It offers order management, instant title reports, closing agent management, and digital closing capabilities. Why should lenders act now?

Technology 358

Technology Title Lending Development 358

Housing Wire

OCTOBER 7, 2024

The holistic approach: A paradigm shift in quality control The traditional view of QC as a post-closing audit function is rapidly becoming obsolete. This approach integrates QC principles throughout the lending process, from application to servicing.

Lending 431

Lending Mortgages Technology Loans 431

Housing Wire

MAY 2, 2025

Kate Amor , Rate’s executive vice president and head of enterprise products, said in a statement that these products unlock common-sense financing options that werent previously accessible through traditional lending channels.

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Closing Loan Officer Finance Loans 246

Housing Wire

JANUARY 2, 2025

Government lending programs saw mixed results as applications for Federal Housing Administration (FHA) loans fell by 60 bps to a market share of 16.6%, while applications for Department of Veterans Affairs (VA) loans rose by 50 bps to a share of 15.7%. For the week ending Dec. The index is benchmarked at 100 in March 1990.

FHA loan 441

FHA loan Mortgages VA loan Loans 441

Housing Wire

OCTOBER 31, 2024

Product comparisons In its announcement of the new rate and additional states, FOA said that its optimistic outlook for the product is fueled by the increased activity in the home equity lending space.

Mortgages 404

Mortgages Equity Loan Officer Loans 404

Housing Wire

DECEMBER 18, 2024

And then looking at the vast demand or the vast breadth of competitors out there, we kind of looked at where they are doing well and where did we need to kind of jump in there and kind of close that gap. The company owned the domain for several years but didnt have a direct purpose with it until Q4 2023.

Marketing 391

Marketing Lending Branding Banks 391

Housing Wire

DECEMBER 4, 2024

Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp., Echoing the sentiment was Rick Rodriguez, senior vice president of reverse mortgage lending at VIP Mortgage. Others are taking a more nuanced approach to the increase.

Mortgages 384

Mortgages Equity Lending Loans 384