Housing Wire

JANUARY 2, 2024

While most have their eyes on the horizon, HousingWire’s dedicated reverse-centric publication, Reverse Mortgage Daily (RMD), will look back one more time at a year of challenge. However, the business continued to feel the ongoing impact of RMF’s collapse throughout 2023, and it will likely persist well into the new year.

Mortgages 338

Mortgages Lending Industrial Loans 338

Housing Wire

SEPTEMBER 24, 2021

Another bill joined the fray, and its sponsors propose creating a new 20-year-fixed-rate mortgage program through Ginnie Mae. The move could “allow qualified homebuyers to build equity-and wealth- at twice the rate of a conventional 30-year mortgage.”. The bill is sponsored by Sens.

Mortgages 493

Mortgages Equity Fixed-rate mortgage Development 493

Housing Wire

APRIL 26, 2024

A Mortgagee Letter (ML) detailing the particulars of the policy changes has been released in conjunction with a new entry in the Federal Register. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 413

Closing costs Development Equity Closing 413

Housing Wire

SEPTEMBER 14, 2021

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. More than $1 billion in new capital.

Equity 173

Equity Mortgages Finance Industrial 173

Housing Wire

JULY 8, 2022

Institutional players in the single-family rental (SFR) market have been expanding their reach into select American neighborhoods since the global financial crisis of 2008, but they now find themselves in an uncomfortable limelight. . Private equity, single-family rentals and America’s neighborhoods.”.

Equity 392

Equity Residential Investor As-is 392

Housing Wire

JANUARY 9, 2024

Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. These funds will equip individuals and families with the education and resources to make informed decisions regarding their housing needs.” HUD awarded $51.4

Mortgages 345

Mortgages Design Equity Industrial 345

Housing Wire

MARCH 20, 2024

In a speech given at Stupak Community Center in Las Vegas on Tuesday, President Joe Biden continued to pitch his administration’s new housing proposals , which he and others have claimed will bring down housing costs , bolster supply and eliminate “junk fees” that he says have played people for “suckers.”

Equity 396

Equity Title Construction Renovation 396

Housing Wire

APRIL 5, 2023

Department of Housing and Urban Development (HUD) announced several new relief provisions on Wednesday that are designed to assist Arkansa homeowners that were impacted by the tornadoes that swept through the region at the end of March. billion investment in Community Development Block Grant-Disaster Recovery (CDBG-DR) funds.

Equity 357

Equity Development Loans Mortgages 357

Housing Wire

SEPTEMBER 2, 2021

One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about. Generation X.

Mortgages 388

Mortgages Pre-qualification Equity Industrial 388

Housing Wire

MARCH 20, 2023

The collapses were inevitable given their unconventional funding makeup against the Fed’s misguided policy of overly aggressive interest rate hikes over the last 12 months. In 2021, mortgage originations hit a record high of $4.4 Today, three of four mortgage loans are issued by independent mortgage companies.

Banks 359

Banks Mortgages Fixed-rate mortgage Loans 359

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital.

Brokerage 360

Brokerage Mortgages Loan Officer Banks 360

Housing Wire

JUNE 30, 2021

HW Community, Today we are thrilled to announce that HW Media has acquired Reverse Mortgage Daily (RMD) – the reverse mortgage industry’s premier independent source for news, commentary and analysis. The HW Media and HousingWire team is thrilled to work with RMD Editor Chris Clow to bring this strategy to life.

Mortgages 351

Mortgages Branding Equity Industrial 351

Housing Wire

APRIL 12, 2021

After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Susan Stewart , CEO at SWBC Mortgage Corporation , is the current Chair of the Mortgage Bankers Association.

Mortgages 441

Mortgages Lending Industrial Finance 441

Housing Wire

AUGUST 13, 2021

Divvy Homes , the prop-tech startup that buys homes on behalf of renters and guides them to eventual ownership, announced Friday a new round of funding that nearly quadrupled its valuation to $2 billion. Tiger Global Management in particular has been a heavy hitter when it comes to funding Divvy’s homeownership goals.

Pre-qualification 404

Pre-qualification Pre-approval Equity Finance 404

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

Mortgages 441

Mortgages Banks Brokerage Loans 441

Housing Wire

MAY 16, 2023

It just seemed so awesome working at a company that just came public.” ” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work.

Mortgages 358

Mortgages Loans Lending Equity 358

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. The new program follows UWM’s two-month price-match trial that ends June 30.

Loans 424

Loans Loan Officer Banks Mortgages 424

Housing Wire

NOVEMBER 15, 2021

The reverse mortgage portion of the Federal Housing Administration’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio on the overall government-backed portfolio, according to an annual actuarial review of the fund’s finances and FHA’s Annual Report to Congress, both released Monday morning.

Mortgages 314

Mortgages Equity Finance Development 314

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 398

Banks Mortgages Loan Officer Due diligence 398

Housing Wire

NOVEMBER 8, 2021

While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex. 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.

Finance 302

Finance Mortgages Lending Equity 302

Housing Wire

NOVEMBER 16, 2020

Though housing didn’t take center stage during the 2020 election season, those who work in affordable housing were keeping a close eye on the race, and are now looking expectantly at President-elect Joe Biden’s $640 billion housing plan originally proposed in February. 31 – has shortcomings that leave many renters unprotected.

Construction 514

Construction Industrial Development Lending 514

Housing Wire

SEPTEMBER 10, 2021

Orchard , which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors.

Lending 360

Lending Title Investor Equity 360

Housing Wire

APRIL 17, 2023

HousingWire recently spoke with Roger Stotts, chief servicing officer at New American Funding , about borrower expectations for servicing and the current outlook for servicers. From a compliance perspective, there is a lot of scrutiny from regulators , but that’s not new: it’s been the case since the mortgage crisis.

Loan Officer 301

Loan Officer Loans Investor Equity 301

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. The need for change in current mortgage underwriting guidelines. in 2001 to 44.8%

Lending 367

Lending Banks Construction Loans 367

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan. This change triggered controversy.

FHA loan 338

FHA loan Mortgages Loans Principal 338

Housing Wire

JUNE 2, 2023

Millions rely on the equity in their homes to put their children through college, to fund a startup, to retire with dignity, to create intergenerational prosperity and wealth,” Harris said according to NBC News. “We Owning a home provides a path to the American dream.

Equity 365

Equity Development Banks Finance 365

Housing Wire

FEBRUARY 16, 2021

Austin-based mortgage tech platform UpEquity raised $25 million in a Series A funding round led by Next Coast Ventures. The funding consists of $7.5 million in equity financing and $17.5 Homeowners then make monthly payments directly to UpEquity to pay off the mortgage on the home.

Loans 252

Loans Equity Mortgages Development 252

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. With the days of stimulus packages and low mortgage interest rates in the rearview, Americans are steeling themselves for a future with the potential for economic uncertainty.

Equity 100

Equity Finance Loans Closing costs 100

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing 344

Closing Fixed-rate mortgage Debt-to-income ratio Lending 344

Housing Wire

NOVEMBER 21, 2022

The COVID-19 pandemic brought interest rates to record lows and spurred a $4 trillion purchase and refinance mortgage boom in 2021. trillion in mortgage origination volume in 2022. Throughout this volatility, one constant has remained: the chronic and seemingly intractable deficit in single-family, 1–4-unit, entry-level homes for sale.

Finance 339

Finance Design Equity Construction 339

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. New Home Supply. The monthly supply for new homes is currently at 3.3 Now mortgage rates are far from 4.5%-5%.

Construction 543

Construction Mortgages Sales Finance 543

Housing Wire

JULY 26, 2023

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 For the housing market, that likely means a few more months with mortgage rates above 6%. For the housing market, that likely means a few more months with mortgage rates above 6%. range on Wednesday, its highest level in 22 years.

Fixed-rate mortgage 368

Fixed-rate mortgage Investor Mortgages Banks 368

Housing Wire

JUNE 15, 2022

Two new single-family rental (SFR) securitization deals sponsored by large institutional players — often described as “Wall Street” investors — hit the private label market in June, bringing the total deal count so far this year to 10. The new Progress SFR offering involves a $632.3 The new Progress SFR offering involves a $632.3

Investor 382

Investor Residential Loans Mortgages 382

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. On top of slowing purchase order volume, rising mortgage rates also decimated refinance orders.

Title 465

Title Industrial Closing costs Closing 465

Housing Wire

OCTOBER 28, 2022

HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. 06 The Good, the Bad, and Things We Need to Talk About – A Real Conversation Around Work-life Balance. All Things Housing.

Title 360

Title Lending Finance Development 360

Housing Wire

DECEMBER 22, 2022

Despite continuing affordability challenges, many Americans still desire and aspire to homeownership. Census Bureau reports that more Americans are reaching that prime homebuying age in the next four years than in the last decade. 2022 has been filled with discussions on homeownership affordability challenges for good reason.

Marketing 371

Marketing Loans Finance Mortgages 371