Housing Wire

OCTOBER 28, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it is helping to develop. But now, there is more specific work on language, he explained.

Mortgages 412

Mortgages Lending Industrial Title 412

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company.

Lending 394

Lending Mortgages Loan Officer Development 394

Housing Wire

NOVEMBER 14, 2024

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. The team will develop and execute the company’s investment strategies, secondary market activities, and risk management, among other things.

Mortgages 367

Mortgages Loan Officer Loans Banks 367

Housing Wire

OCTOBER 27, 2024

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. The human touch remains critical in mortgage lending.

Technology 419

Technology Industrial Mortgages Development 419

Housing Wire

NOVEMBER 18, 2024

Department of Housing and Urban Development (HUD) on Monday announced a proposal to shift its Title I home loan programs to the use of the Uniform Residential Loan Application (URLA) that would more closely align them with broader industry standards.

Title 365

Title Loans Industrial Residential 365

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 367

Mortgages Loan Officer Equity Lending 367

Housing Wire

NOVEMBER 14, 2024

It noted that the GSEs were chartered to “ensure a stable supply of credit for mortgages nationwide, including those for low- and moderate-income households.” These including a certain number of purchase loans for low-income households (defined as households with an income at or below 80% of the area median income (AMI).

Loans 534

Loans Finance Mortgages Development 534

Housing Wire

JANUARY 13, 2025

Department of Housing and Urban Development (HUD). Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. At Freddie Mac, disaster relief options are available to anyone with a Freddie-backed mortgage that has been impacted by a natural disaster.

Mortgages 384

Mortgages Development Loans Design 384

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Skills such as coaching, conflict resolution, and teammotivation are rarely developed through sales roles alone.

Industrial 369

Industrial Loan Officer Mortgages Development 369

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital. “In

Construction 431

Construction Development Loans Lending 431

Housing Wire

MARCH 13, 2025

Nationwide mortgage loan servicer Cenlar FSB announced today that Andrew Pohlmann has joined the organization as senior vice president of business development. Its client base includes banks, credit unions and mortgage bankers. He confirmed the new role in a post on LinkedIn. We are thrilled to welcome Andrew to the team.

Development 297

Development Banks Loans Mortgages 297

Housing Wire

APRIL 30, 2025

If the mortgage industry had a mantra at the start of last year, it was something like: Just survive to get to 2025. But now heres 2025, and its clear that mortgage rates arent falling the way wed hoped, and the market is going to take more time than we thought to find its new normal.

Mortgages 315

Mortgages Industrial Loans Technology 315

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages 371

Mortgages Technology Loan Officer Loans 371

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. The company is licensed in 31 states and Washington, D.C.,

Closing 329

Closing Mortgages Investor Loan Officer 329

Housing Wire

APRIL 9, 2025

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). On an online database tracking a series of issues the U.S.

Mortgages 324

Mortgages Principal Loans Equity 324

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. and we are honored to support these efforts through our loans, investments and grants.” Fair Lending Act.

Loan Officer 396

Loan Officer Lending Banks Loans 396

Housing Wire

JANUARY 17, 2025

Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of bilking elderly homeowners in a reverse mortgage and home repair scheme, was sentenced to 17 years in federal prison by the U.S. She added that his sentencing is a sobering reminder of the unique harm caused by predatory reverse mortgage schemes.

Mortgages 383

Mortgages Title Development Loans 383

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month.

Loan Officer 421

Loan Officer Lending Banks Loans 421

Housing Wire

NOVEMBER 29, 2024

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. But seniors hold onto a large portion of the nation’s housing wealth.

Mortgages 356

Mortgages Equity Loans Title 356

Housing Wire

MARCH 20, 2025

Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding.

Mortgages 305

Mortgages Investor Inspection Loans 305

Housing Wire

MAY 21, 2025

Mortgage lending has long catered to a bygone era of steady paychecks and W-2 forms, leaving millions of self-employed and gig economy workers underserved. But as the gig economy booms, lenders are finding success in the nonqualified mortgage ( non-QM ) sector by engaging with AI-powered tools like Prudent AI.

Mortgages 307

Mortgages Loan Officer Banks Loans 307

Real Estate News

JUNE 13, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Shutterstock Industry Startup aims to bring assumable mortgages to the masses Could a new market emerge around homebuyers taking over a seller’s existing low interest rate loan? One proptech veteran thinks so. "It was almost shocking."

Mortgages 268

Mortgages MLS Loans Finance 268

Housing Wire

MAY 20, 2025

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs.

Equity 263

Equity Mortgages Loans Development 263

Housing Wire

MAY 9, 2025

And representatives of Los Angeles County have signaled they want to provide specific guidance for impacted reverse mortgage borrowers to navigate issues that arise with these loans in disaster areas. Barger added its critical for reverse mortgage borrowers to know that there are resources they can call on if needed.

Mortgages 283

Mortgages Development Loans Equity 283

Housing Wire

JUNE 6, 2025

As communities and organizations continue to reckon with the impact of the Los Angeles -area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost. The program’s eligibility guidelines explicitly include reverse mortgage borrowers.

Mortgages 248

Mortgages Finance Principal Loans 248

Housing Wire

NOVEMBER 13, 2024

Rose singled out the declines in mortgage applications and originations among Black millennials as an exceptionally poor sign of the trajectory of Black homeownership, since that cohort of homebuyers contributes significantly to long-term wealth accumulation for Black families.

Pre-approval 396

Pre-approval Mortgages Loans Finance 396

Housing Wire

APRIL 8, 2025

Fairway Independent Mortgage Corp. 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.

Closing 257

Closing Mortgages Lending Technology 257

Housing Wire

MAY 5, 2025

Reverse mortgage industry performance metrics have been soft so far in 2025, but two key data points involving Home Equity Conversion Mortgage ( HECM ) volume and HECM-backed Securities ( HMBS ) issuance saw promising increases in April. Some of this appears to stem from a recent website redesign unveiled by the department, McCue said.

Mortgages 346

Mortgages Loan Officer Industrial Loans 346

Housing Wire

MAY 14, 2025

Ohio-based Union Home Mortgage (UHM) on Wednesday announced a partnership with ARIVE , a lending software platform built specifically for independent mortgage professionals. The partnership will also connect UHM to a network of users and loan officers who source mortgage offers from multiple wholesale lenders.

Mortgages 301

Mortgages Loan Officer Lending Development 301

Housing Wire

APRIL 28, 2025

In the race to create a convenient, modern borrowing experience, many lenders have seized on native mobile apps as the next big thing in mortgage origination. Outside of mortgage, an estimated 99.5% Theres also the fact that a mortgage-specific app usually doesnt serve a function borrowers need on a daily or weekly basis.

Mortgages 288

Mortgages Branding Development Technology 288

Housing Wire

MAY 12, 2025

Bidding wars for producing mortgage loan officers are back with a vengeance and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire. Mortgage companies are competing for a shrinking pool of talent. The task would be difficult in any market. million.

Mortgages 298

Mortgages Loan Officer Lending Loans 298

Housing Wire

JANUARY 31, 2025

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. John Porath “John’s leadership and ability to connect with loan officers will be instrumental in driving our core conviction of growth and success for the region.

Loans 284

Loans Loan Officer Construction Banks 284

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable.

Investor 368

Investor Mortgages Bankruptcy Equity 368

Housing Wire

MAY 19, 2025

In November, Chicago-based mortgage lender Rate formerly known as Guaranteed Rate announced that it was revamping its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Jesse Allen Most of what we’re focused on now is riding the wave daily, Allen said.

Mortgages 264

Mortgages Loan Officer Loans Industrial 264

Housing Wire

OCTOBER 15, 2024

Schwartz also shares his approach to building a mortgage company alongside tips on work-life balance, market dynamics and more. But he notes that building a successful mortgage company requires hard work and diligence, regardless of industry changes. As such, Tomo’s priority goes beyond merely driving loan volume. “It

Loans 234

Loans Marketing Technology Mortgages 234

Housing Wire

APRIL 4, 2025

Reston, Virginia -based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Before joining RETR, she founded PlacedE, a boutique mortgage recruiting and coaching firm. Heidi Iverson Iverson has 20-plus years of experience across various industries.

Mortgages 311

Mortgages Technology Loan Officer Loans 311

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. Last week, our first class was led by Jen Peachman from GVC Mortgage. 15 and goes until the end of April, Hoffman told HousingWire. Lectures are done by MBA members.

Banks 370

Banks Mortgages Lending Residential 370