Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said.

Mortgages 278

Mortgages Principal Loans Equity 278

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 441

Equity Purchase and sale agreement Loans Mortgages 441

Housing Wire

JUNE 6, 2025

We have developed robust outreach campaigns for borrowers who may be eligible for this program, as well as others such as the Homeowner’s Assistance Fund (HAF) and the D.C. Tom O’Donoghue, principal with Reverse Loans Now , has multiple clients impacted by the recent wildfires and said the program would help.

Mortgages 258

Mortgages Finance Principal Loans 258

Housing Wire

OCTOBER 24, 2024

Two days later, Onity announced final details of the transaction that included a price revision to $500 million and an aggregate principal amount of senior notes at 9.875% due in 2029. The price to investors will be 99.556% of the principal amount of the notes.

Principal 409

Principal Investor Mortgages Equity 409

Housing Wire

MARCH 20, 2024

They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. Consumers are more motivated and more energized, even though rates are still up and principal limits are down. Tane Cabe “C2 is a good place for me to hang my license,” he said.

Development 432

Development Industrial Mortgages Loans 432

Housing Wire

OCTOBER 29, 2021

The resurgence of alternative home equity tapping companies in the past few years has been of interest to the reverse mortgage industry due to the potential that business has to compete for seniors’ business. Seniors’ response to alternative equity tapping since COVID-19 onset. Eoin Matthews, CBO and co-founder of Point.

Equity 397

Equity Mortgages Principal As-is 397

Housing Wire

NOVEMBER 13, 2024

But some misconceptions about how the credit line is impacted by partial Home Equity Conversion Mortgage ( HECM ) prepayments was called out by Hultquist and McMinn. “Mr. Relationship between debt and equity McMinn continued with the next misconception, speaking again to a hypothetical borrower. Again, the whistle immediately rang out.

Equity 368

Equity Mortgages Principal Loans 368

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. “So aside from hiring and building our sales team, we’re focusing on deepening our partnerships and developing repeat working with PennyMac. “There’s a lot of talk about choice in the channel. .

Marketing 371

Marketing Principal Mortgages Loans 371

Housing Wire

OCTOBER 31, 2024

Department of Housing and Urban Development (HUD) and the Office of Management and Budget (OMB), and recent budget cycles have shown Congress’s support as well. He became principal EVP in 2023 before being named acting president upon McCargo’s resignation. What I can say is that we’ve had strong support from the U.S.

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Principal Finance Mortgages Industrial 419

Housing Wire

MARCH 5, 2024

The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This has caused HECM principal limits to drop for new applications.

Principal 430

Principal Mortgages Loans Equity 430

Housing Wire

APRIL 4, 2024

In the March rate update , we discussed why Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs) utilize two interest rates. This rate is used, among other things, to help determine a borrower’s initial principal limit (borrowing capacity). we must use the nearest 1/8th percent (0.125%).

Principal 407

Principal Mortgages Loans Equity 407

Housing Wire

JULY 25, 2024

But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire ’s Reverse Mortgage Daily (RMD) that he made the transition from industry professional to customer. You really have to develop that relationship. Can we do that?

Mortgages 404

Mortgages Principal Development Industrial 404

Housing Wire

JULY 9, 2024

Of course, the reason for this is because the unused principal with an adjustable-rate Home Equity Conversion Mortgage (HECM) grows at the same rate that is applied to the loan balance. Department of Housing and Urban Development (HUD) Handbooks. Do voluntary prepayments increase a HECM LOC ‘dollar-for-dollar?’

Mortgages 406

Mortgages Equity Principal Loans 406

Housing Wire

JUNE 28, 2024

Still, vice chair, Pulte Financial Services Sheri Thompson, executive vice president and head of affordable housing, Walker & Dunlop Eileen Tu, vice president of mortgage policy and credit development, Rocket Mortgage John Wiechmann, president and CEO, Midwest Housing Equity Group Inc.

Lending 397

Lending Principal Finance Land 397

Housing Wire

APRIL 4, 2024

Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 Announced by Marion McFadden, HUD principal assistant secretary for community planning, at a Habitat for Humanity event in Nashville, the $13.5 The Colorado recipient, Tierra Del Sol Housing Corp.

Equity 345

Equity Principal Development Construction 345

Housing Wire

JULY 31, 2024

Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. Looking at potential risks A catalyst to the development of HMBS 2.0 It can be the HMBS 2.0

Development 417

Development Principal Industrial Mortgages 417

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 450

Technology Title Development Lending 450

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Following an announcement that the U.S.

VA loan 421

VA loan Principal Residential New Construction 421

Housing Wire

AUGUST 13, 2024

The assets have “a projected unpaid principal balance of approximately $3 billion,” Onity announced in its Q2 report. The assets at the heart of the agreement are already subserviced by PHH Mortgage , itself a subsidiary of Onity and the parent company of Liberty. The company intends to issue $51.7

Mortgages 407

Mortgages Equity Principal Finance 407

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 506

Banks Lending Loans Principal 506

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It enables us to level up skills and support, ensuring our associates and clients are prepared for the future.”

Principal 410

Principal Technology Equity Residential 410

Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act.

Principal 403

Principal Development Equity Industrial 403

Housing Wire

AUGUST 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program.

Principal 402

Principal Development Equity Mortgages 402

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter. Cooper Group Inc.,

Banks 397

Banks Principal Finance Equity 397

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Equity 430

Equity Loans Principal Commercial 430

Housing Wire

JUNE 6, 2024

ADUs create new housing opportunities in existing neighborhoods, expanding the housing supply while building homeowner equity,” David Driskell, principal at CPC, said in a statement. Local governments are uniquely positioned to help residents through the daunting process of building an ADU.

Construction 449

Construction Principal Design Equity 449

Housing Wire

APRIL 24, 2025

The platform was developed by reverse mortgage industry veteran Tane Cabe. While the existing base of clients are appreciative of the inclusion of the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage ( HECM ), Cabe heard from users that they also wanted a proprietary option included.

Mortgages 239

Mortgages Loan Officer Loans Principal 239

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 419

Mortgages VA loan Principal Loans 419

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 387

Equity Lending Technology Principal 387

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

Investor 421

Investor Bankruptcy Finance Equity 421

Housing Wire

JULY 15, 2021

In the end, the company makes money by charging a fee off the principal of the loan — paid for by the lender. Cofounder Nora Apsel said Morty’s funding came entirely in the form of equity, and that the company has raised more than $38 million to date.

Principal 384

Principal Loans Equity Mortgages 384

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. among others. among others. million security backed by non-QM mortgages.

Mortgages 382

Mortgages Principal Banks Equity 382

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Loans 416

Loans Equity Principal Development 416

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. Principal among these are: Invested capital “requires” the highest return. Develop “community pools” and shared equity models to break the dependence on intransigent and predatory financial institutions.

Finance 420

Finance Residential Principal Development 420

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

MARCH 10, 2022

Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. The benefit of this a [the lender] immediately stops advancing the principal and interest each month. “If Department of Housing and Urban Development (HUD).

Mortgages 378

Mortgages Principal Loans FHA loan 378

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 458

Finance Seller concession Loan Officer Loans 458