Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product. That’s all it says.”

Development 421

Development Loans Banks Mortgages 421

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 397

Finance Lending Title Mortgages 397

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. million in seed funding, led by SignalFire in December 2021 to develop the mobile app. Quo raised $7.2

Finance 384

Finance Loan Officer Loans Development 384

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

Finance 384

Finance Industrial Development Mortgages 384

Housing Wire

MARCH 23, 2022

“Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage. We’re also developing an algorithm to identify future customers’ personas quickly.

Finance 366

Finance Loan Officer Loans Lending 366

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 384

Finance Mortgages Lending Equity 384

Housing Wire

NOVEMBER 9, 2023

Gland, who has been with the trade group for 38 years, most recently served as NAR’s head of talent development and resources. Longtime National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement, according to an email sent by CEO Bob Goldberg to NAR members and obtained by HousingWire.

Development 410

Development Agents As-is Finance 410

Housing Wire

APRIL 10, 2024

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies. Department of Housing and Urban Development (HUD) in 2013. It also entered into a similar MOU with the U.S.

Mortgages 418

Mortgages Finance Development Banks 418

Housing Wire

JANUARY 29, 2021

Over the past six months, mergers and acquisitions, huge financing rounds and public offerings have dominated headlines across the real estate and housing finance sector. This level of action is keeping finance executives like Jeremy Collett , Executive Director, Capital Markets at Guaranteed Rate busier than ever.

Finance 368

Finance Industrial Mortgages Loans 368

Realty Biz

APRIL 12, 2024

The Pennsylvania Housing Finance Agency has unveiled seven projects that will receive $4.5 million in funding for the construction or renovation of mixed-use developments. Pennsylvania Housing Finance Agency administers the Mixed-Use Development Tax Credit Program; its board of directors approved the selected projects earlier today.

Development 78

Development Commercial Renovation Finance 78

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Investor 421

Investor Bankruptcy Finance Equity 421

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Tom Selleck, as well as the development of additional products in the space to meet the growing needs of the senior demographic.

Mortgages 380

Mortgages Finance Equity Lending 380

Brownstoner

DECEMBER 22, 2023

A new 100 percent affordable housing development planned for Rutland Road in East Flatbush dubbed Utica Crescent is moving forward, having secured a new-building permit and construction funding. The Utica Crescent complex is being built with state-financed tax-exempt bonds and subsidies as part of the Vital Brooklyn Initiative.

Development 116

Development Construction Finance As-is 116

Housing Wire

JULY 5, 2023

Click the button below to register for the can’t-miss housing event of the season.

Development 370

Development Marketing Staging Lending 370

Marco Santarelli

FEBRUARY 3, 2024

This strategy worked for years, propelling Evergrande to become the world's most indebted property developer, with liabilities exceeding $300 billion. This, coupled with slowing economic growth, put immense pressure on Evergrande's finances. The situation is constantly evolving, and new developments may emerge in the future.

Development 105

Development Industrial Investor Finance 105

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

APRIL 2, 2024

The goal is to help them develop this territory and use this platform to attract talent – established loan officers, up and coming loan officers,” Steinway said in an interview with HousingWire. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officer 421

Loan Officer Loans Finance Mortgages 421

Realty Biz

OCTOBER 10, 2023

Real estate development offers a wide range of career opportunities. There are diverse paths to explore, from entry-level positions in analysis and project management to specialized roles like Realtor and developer. Continuous learning and skill development are vital for career growth.

Development 89

Development Pre-qualification Industrial Investor 89

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 421

Finance Principal Residential Development 421

Realty Biz

MARCH 25, 2023

As Quattro Development co-founders Rob Walters and Mike Liyeos discovered firsthand, creating your own business is anything but easy. The duo founded the build-to-suit real estate development enterprise Quattro Development in 2008. We thought that financing our first three projects was a very easy checkbox,” Walters says. “We

Development 76

Development Equity Finance Industrial 76

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 458

Mortgages Finance Loan Officer Equity 458

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. Read more: One Small Bank Keeps Financing Construction Despite Rate Hikes.

Banks 65

Banks Construction Finance Commercial 65

RIS Media

APRIL 18, 2024

For the latest entry… The post Newsmaker Spotlight: LaMarcus Thurman on a Journey From Finance to Real Estate, and Helping Communities Who Need It appeared first on RISMedia. A member of numerous non-profit boards, Thurman’s efforts at expanding homeownership earned him his first RISMedia Newsmakers award in 2024 as a Crusader.

Finance 106

Finance Lending Mortgages Development 106

Housing Wire

MARCH 18, 2024

Lennar values the relationship we’ve developed and strengthened with ICE over the years,” Laura Escobar, president of Lennar Mortgage, said in a statement. “We ICE’s mission to digitize and streamline all aspects of the housing finance lifecycle aligns perfectly with our goal to create the world’s simplest path to homeownership.”

Loans 432

Loans Mortgages Technology Finance 432

Housing Wire

JANUARY 10, 2024

billion affordable housing and community development investment platform,” according to an announcement from the company. “It These “have financed 2,800 developments, creating or preserving 200,000 affordable homes nationwide,” The company said.

Development 431

Development Investor Finance As-is 431

Housing Wire

JULY 12, 2023

In early 2022, seven agencies, including the Consumer Finance Protection Bureau , gave lenders the green light to develop SPCPs and increase credit access to historically disadvantaged individuals without worrying that they’d violate fair lending laws. The programs are key to the GSEs’ equitable housing finance plans.

Closing costs 370

Closing costs Finance Lending Development 370

Housing Wire

FEBRUARY 21, 2024

I’m thrilled to have the opportunity to work with BEN to develop groundbreaking tools and applications as the industry embraces the potential of AI.”

Technology 421

Technology Development Branding Industrial 421

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. If consumers, Realtors and builders know affordable financing exists for potential buyers, more Americans will have the opportunity to get into a new home.

Lending 430

Lending Investor Finance Development 430

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

Lending 430

Lending New Construction Construction Finance 430

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. An industry that fails to prioritize repeat and referral business will naturally come to rely on business development methodologies widely viewed as consumer abuse (think “ trigger leads ”) and may find itself with a credibility problem.

Finance 421

Finance Technology Loans Industrial 421

Propmodo

JANUARY 13, 2024

But amid this gloomy outlook, one development firm in the city is contrasting the negative view of the office and finding ways to get offices designed, financed, and completed. GDS Development (GDSNY) was launched in 2007 by architects Michael Kirchmann and Alan Rudikoff. Less than 7.2 So far, GDSNY has completed more than $4.5

Development 57

Development Lending Finance Commercial 57

Housing Wire

JANUARY 10, 2024

“Unfortunately, we do not see this change taking place within the base period or extended base period of the Community Economic Development Agreement (CEDA),” Allen noted. The JDIG agreement authorized the potential reimbursement to Pennymac of up to $1.9 million over the course of 12 years. The lender’s U.S.

Loan Officer 414

Loan Officer Development Mortgages Lending 414

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Loans 441

Loans Investor Banks Finance 441

Housing Wire

JANUARY 3, 2024

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. “To 15 and reviewed by HousingWire.

Loan Officer 421

Loan Officer Development Mortgages Investor 421

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 431

Mortgages Finance Lending Equity 431

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 Development Title Lending 450

Housing Wire

APRIL 24, 2024

“With its proven ability to develop cutting-edge technological solutions to streamline the HELOC lending process, Figure has cemented itself as one of the most exciting companies in fintech ,” Tannenbaum said in a statement. “I

Lending 407

Lending Technology Design Finance 407