Housing Wire

MARCH 12, 2025

Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. The companys dedication to expanding the availability of its proprietary closed-end second-lien reverse mortgage, HomeSafe Second, also saw a sharp increase to its distribution.

Finance 372

Finance Equity Mortgages Closing 372

Housing Wire

JANUARY 30, 2025

Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Nominations are still open for the 2025 Finance Leaders award. As we gear up for the 2025 Finance Leader awards, his forward-thinking perspective offers a glimpse into the evolving role of finance leaders in real estate.

Finance 354

Finance Technology Property Management Branding 354

Housing Wire

MAY 7, 2025

In beating its estimates for funded loan volume and by posting a profit in the first quarter of 2025, reverse mortgage lender Finance of America (FOA) saw its volume improve by nearly one-third compared to numbers from Q4 2024. Finance of America is setting the standard for how our industry communicates the role of reverse mortgages.

Finance 320

Finance Branding Industrial Mortgages 320

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Purchase and sale agreement 421

Purchase and sale agreement Mortgages Equity Finance 421

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

Mortgages 407

Mortgages Equity Loan Officer Loans 407

Housing Wire

MAY 29, 2025

The answer lies in a remote corner of the mortgage industry: subservicing. This business which involves handling mortgage payments, borrower communication and escrow administration on behalf of lenders has undergone consolidation. Meanwhile, MSR player Bayview Asset Managemen t is in M&A talks with Guild Mortgage.

Mortgages 352

Mortgages Loans Banks Industrial 352

Housing Wire

NOVEMBER 18, 2024

In preparation for widespread credit scoring changes , leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 by a number of industry players. by October 2025, as required by the Federal Housing Finance Agency (FHFA).

Mortgages 394

Mortgages Principal Banks Loans 394

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement.

Mortgages 384

Mortgages Equity Lending Loans 384

Housing Wire

DECEMBER 23, 2024

Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. And some reverse-only companies have aimed to establish firmer ties with the much larger forward mortgage industry.

Lending 381

Lending Mortgages Industrial Finance 381

Housing Wire

MARCH 27, 2025

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. The company calls the move an “industry-first initiative.” ” . ”

Mortgages 328

Mortgages Loan Officer Technology Loans 328

Housing Wire

OCTOBER 25, 2024

A future glimpse into how mortgages will be created in 2035 can be found in an woodsy office park in Athens, Georgia. Lapin said FormFree operates within an open banking framework, a relative rarity in the mortgage industry. The mortgage sector will be affected.

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Banks Mortgages Lending Industrial 431

Housing Wire

DECEMBER 30, 2024

While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them. I see more collaboration with different business units, for both the wider industry and within Guild, as well.

Mortgages 383

Mortgages Technology Loan Officer Industrial 383

Housing Wire

MAY 13, 2025

Lets be real: the real estate industry is changing. This article explores the key traits, strategies, and mindset shifts required to succeed in evolving real estate and mortgage landscapes. The real professional of the future must provide proactive, consistent and ongoing value on all things real estate and finance.

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Industrial Mortgages Technology Equity 337

Housing Wire

JANUARY 24, 2025

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. Among the nation’s top 10 reverse mortgage lenders, Onity Group Inc. The reverse share accounts for 1.4%

Mortgages 394

Mortgages Bankruptcy Short sale Loans 394

Housing Wire

JUNE 13, 2025

Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology , including tools, integrations and trends impacting mortgage and real estate. As debate swirls over job loss and security risks, Bressler urged the industry to embrace AI or risk falling behind, likening resistance to ignoring the internet in the ’90s.

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Industrial MLS Loan Officer Lending 252

Housing Wire

DECEMBER 18, 2024

Mortgage applications declined 0.7% 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Adjustable-rate mortgage (ARM) activity remained steady at 5.3%

VA loan 377

VA loan Mortgages FHA loan Loans 377

Housing Wire

JUNE 11, 2025

Fairway Independent Mortgage Corp. , mortgage lender, announced a deal on Wednesday to acquire Hallmark Home Mortgage in an asset sale. Jacobson and Sturges worked together at Waterfield Mortgage “decades ago and have remained industry acquaintances ever since,” Jacobson said in a statement. a top 20 U.S.

Mortgages 325

Mortgages Loan Officer Lending Branding 325

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results.

Investor 369

Investor Mortgages Bankruptcy Equity 369

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages 369

Mortgages Equity Lending Design 369

Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. That’s one out of every six mortgages in America. Cooper, will be president and CEO of Rocket Mortgage, reporting to Krishna.

Finance 441

Finance Title Mortgages Equity 441

Housing Wire

APRIL 3, 2025

In mortgage finance and real estate , the only constant is change. From fluctuating interest rates and evolving regulations to technological disruptions and shifting consumer demands, mortgage leaders today face unprecedented volatility and complexity. Why is this essential now? Larry Silver is the CEO of Superus Careers, LLC.

Mortgages 303

Mortgages Technology Industrial Finance 303

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 327

Mortgages Industrial Loans Technology 327

Housing Wire

APRIL 18, 2025

Reverse mortgages have a minimum age requirement that serves as a key differentiator for the product. But things seemed to take a step forward last week when one of the leading lenders in the space, Fairway Independent Mortgage Corp. announced that it was implementing hybrid e-closings into its reverse mortgage processes.

Technology 327

Technology Mortgages Industrial Finance 327

Housing Wire

JANUARY 8, 2025

2024 is in the rearview mirror, and with many reverse mortgage professionals naming interest rates as the key challenge that defined the year, performance metrics appear to be bearing that out. In early 2024, Fairway Independent Mortgage Corp. The companies were separated by 203 HECM endorsements logged between January and December.

Mortgages 368

Mortgages Finance Lending Equity 368

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.

Mortgages 282

Mortgages MLS Loans Finance 282

Housing Wire

DECEMBER 4, 2024

Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 384

Lending Mortgages Loan Officer Loans 384

Housing Wire

JANUARY 17, 2025

Florida-based non-QM lender A&D Mortgage announced Friday that it has acquired the wholesale and nondelegated correspondent lending businesses of Mr. Cooper Group. We took a very careful and measured approach to finding a potential partner to grow our QM business, Max Slyusarchuk , CEO of A&D Mortgage, said in a statement.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

APRIL 28, 2025

VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years. The mortgage industry accounted for 1.2% But when considering only mortgage originations, the usage of the credit score surged by 166% in 2024, according to the data.

Mortgages 301

Mortgages Loans Banks Industrial 301

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 377

Mortgages Technology Loan Officer Loans 377

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Naturally, this includes reverse mortgages, he explained. That role is an active one, Allen said.

Mortgages 368

Mortgages Lending Banks Industrial 368

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 258

Mortgages Finance Principal Loans 258

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study.

Mortgages 431

Mortgages Loan Officer Loans Technology 431

Housing Wire

JUNE 13, 2025

Non-QM lending allows borrowers with nontraditional income sources, such as self-employed individuals, freelancers, and gig workers, to qualify for mortgage financing. Mortgage market expectations are projected to favor the non-QM model for the next two years and beyond. debt-to-income (DTI) ratio (33.3% percent and 6.2

Due diligence 416

Due diligence Lending Investor Loans 416

Housing Wire

APRIL 25, 2025

Reverse mortgage professionals are preparing to travel to Irvine, California, for the industrys first event of the year, hosted by the National Reverse Mortgage Lenders Association (NRMLA). This will include an interactive conversation with a panel of reverse mortgage LOs on the dais and in attendance.

Industrial 207

Industrial Mortgages Loan Officer Equity 207

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 362

Mortgages Equity Loans Title 362

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Robert Gordon, a senior vice president at the American Property Casualty Insurance Association , told the Journal that mortgage lenders need to be more involved in these processes.

Construction 479

Construction Development Finance Mortgages 479

Housing Wire

MARCH 14, 2025

The mortgage professional of the future goes beyond the transaction. Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators.

Mortgages 346

Mortgages Loan Officer Marketing Loans 346