Housing Wire

JUNE 8, 2022

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac. A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Equity 370

Equity Finance Loans Development 370

Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

Finance 393

Finance Lending Title Mortgages 393

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 381

Finance Mortgages Lending Equity 381

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 424

Mortgages Finance Lending Equity 424

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations.

Mortgages 433

Mortgages Title Loans Lending 433

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. It originated about $36 billion in mortgages during the first half of the year, according to Inside Mortgage Finance.

Loans 422

Loans Lending Mortgages Equity 422

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated. “It

Mortgages 414

Mortgages Equity Loans Closing 414

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates. In the mortgage space, TD Bank was a top-35 U.S.

Banks 413

Banks Lending Loans Finance 413

Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. FinLocker , the St. ” FinLocker raised roughly $20 million in 2020 in its Series A round ( TransUnion was one of its early backers ) and $2.25

Pre-qualification 422

Pre-qualification Technology Equity Development 422

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

Equity 368

Equity Lending Finance Loans 368

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. Older Americans are sitting on a record $10 trillion in home equity.

Equity 370

Equity Mortgages Lending As-is 370

Housing Wire

MARCH 4, 2024

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new data shows that the decline was not the same between the retail and wholesale channels of the business. HECM for Purchase (H4P) loans dropped by 6.2%

Mortgages 422

Mortgages Equity Loans Industrial 422

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers.

Loan Officer 424

Loan Officer VA loan Loans Technology 424

Housing Wire

AUGUST 25, 2022

That has contributed to UWM’s competitors taking losses on loans when they can least afford it. During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans.

Mortgages 393

Mortgages Equity Loans Seller concession 393

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Builders may face difficulties obtaining financing due to the higher risks of speculative projects.

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Loans Finance Construction Commercial 108

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 446

Equity Loans Investor Mortgages 446

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes. Category 1 is a different beast. Like the Roman god Janus, it has two faces.

Finance 414

Finance Principal Residential Development 414

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

Mortgages 450

Mortgages Finance Loan Officer Equity 450

Housing Wire

MAY 15, 2024

Government-sponsored enterprise (GSE) Freddie Mac has put its finger on the scale of an emerging loan market that has been the domain of the private-label securities market, which has nurtured its reemergence in recent years. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 407

Equity Marketing Loans Investor 407

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 442

Technology Development Title Lending 442

Housing Wire

JANUARY 16, 2024

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.

Mortgages 424

Mortgages Bankruptcy Loans Equity 424

Housing Wire

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. Prior to that, Amor was in product development and credit policy for over four years at FoA. It originated $45.2

Finance 379

Finance Commercial Loans Title 379

Housing Wire

NOVEMBER 21, 2023

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. For the past two years since the law went into effect, residents of these housing developments have had the opportunity to opt into rent reporting annually.

Development 433

Development Mortgages Equity Loans 433

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. Presented by: Selene Finance.

Lending 382

Lending Loan Officer Finance Loans 382

Housing Wire

SEPTEMBER 7, 2022

Top mortgage lender NewRez has added to its line of “Smart Series” non-QM products, launching a 40-year fixed-rate interest-only mortgage loan. It also slows the amount of equity borrowers have in the property.). The new product comes amid mortgage rates around 6.25% and declining home sales. “We million, down from a $26.5

Mortgages 433

Mortgages Loans Equity Finance 433

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. KBRA Analytics’ acquisition of DLD closed quietly on Aug.

Lending 370

Lending Finance Investor Equity 370

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The Federal Home Loan Bank System was created in 1932 by the Federal Home Loan Bank Act as a government-sponsored enterprise to support mortgage lending. In May, Sen.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

JANUARY 21, 2022

FHFA, Federal Housing Finance Agency. On the heels of the Federal Housing Finance Agency ’s rejection of Fannie Mae and Freddie Mac ’s Duty to Serve plans, a coalition of housing groups have some bold ideas for how to beef them up. DTS credit for equity investments in some federally subsidized income-restricted rental projects.

Loans 393

Loans Finance Title Development 393

Housing Wire

JULY 28, 2022

According to a Worker Adjustment and Retraining Notification (WARN) alert submitted to the Employment Development Department (EDD), on July 18 the company cut 30 employees at its Thousand Oaks office, and two more who worked from Westlake Village. Prioritizing home equity solution s in a rising rate environment. quarter-over-quarter.

Equity 382

Equity Loans Title Mortgages 382

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. So, it’s not just our loans supplying into this ecosystem … it could be any originator.”.

Due diligence 442

Due diligence Mortgages Equity Loans 442

Housing Wire

MARCH 8, 2024

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” NYCB, one of the largest U.S.

Banks 464

Banks Commercial Lending Residential 464

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. Late last year, the U.S.

Bankruptcy 414

Bankruptcy Loans Mortgages Equity 414

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

Lending 404

Lending Finance Banks Equity 404

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. In the past five years since re-entering the market, Fannie Mae has provided more than $3 billion in equity property investments throughout the U.S., billion in 2021 Green Financing : $9.1 billion Newmark: $4.6

Finance 98

Finance Closing Equity Commercial 98

Housing Wire

APRIL 19, 2022

The Mill Valley, California-based REIT operates as a specialty finance house that invests in, acquires and securitizes residential loans. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As Redwood is not backing away from its venture capital pursuits.

Equity 382

Equity Technology Investor Residential 382

Housing Wire

AUGUST 28, 2023

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 on Thursday — funded a loan volume of $1.7 billion across 4,768 loans in the first six months of 2023. Better’s funded loan volume of $1.7 billion in the first half of 2023 declined from $9.7

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . Elzen, who will also report to Marshall, led the originations finance team and served as the chief financial officer of Xome , Mr. Cooper’s unit sold to Cyprexx Services LLC in September. .

Banks 393

Banks Principal Finance Equity 393