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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? We in the industry are very hopeful that this will be an eye-opener, especially for real estate agents and builders to start recommending this product to clients more regularly.”

Finance 454
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Logan Finance Corp. hires new COO

Housing Wire

New York-based mortgage lender Logan Finance Corp. She brings more than 25 years of experience in the mortgage industry to her new position. Established in 1949, Logan Finance Corp. Logan Finance Corp. named Sarah Gonzalez as its chief operating officer. is licensed in 46 states and Washington, D.C.

Finance 445
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Finance of America’s Patti Cook reflects on 45 years in the industry

Housing Wire

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. HousingWire: One of your first jobs in the industry was at Salomon Brothers , starting in 1979. What is one key to your success?

Finance 383
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.” “As

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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 437
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Title waiver pilot program will have little impact on the industry: Fitch Ratings

Housing Wire

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings.

Title 427
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Mortgage industry mourns death of Patti Cook

Housing Wire

Patricia “Patti” Cook , who broke the glass ceiling in the mortgage industry during a successful 45-year career , died on Friday at her home in New York. Cook retired as CEO of Finance of America in June 2022 to focus on her health. Her impact on Finance of America and all of us will never be forgotten.”