Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. Mortgage Insurers.

Industrial 544

Industrial Mortgages FHA loan Finance 544

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

Industrial 370

Industrial Mortgages Marketing Finance 370

Housing Wire

APRIL 1, 2024

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 404

Equity Finance Purchase and sale agreement Investor 404

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. HousingWire: One of your first jobs in the industry was at Salomon Brothers , starting in 1979. CMOs or collateralized mortgage obligations were developed.

Finance 356

Finance Industrial Development Mortgages 356

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

Industrial 420

Industrial Mortgages Loans Closing 420

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Finance of America funded $35.6 Margins in the mortgage business declined from 3.88% in 2020 to 2.86% in 2021.

Finance 376

Finance Investor Mortgages Commercial 376

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona.

Mortgages 273

Mortgages Finance Equity Lending 273

Housing Wire

JANUARY 3, 2023

Regina Lowrie, the first female chair of the Mortgage Bankers Association , died suddenly on Jan. With nearly 40 years of experience in the real estate finance industry, Lowrie is widely known for making history in 2005 as the first female elected chair of the MBA. She was 68. billion with revenues of more than $100 million.

Industrial 458

Industrial Mortgages Banks Residential 458

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. Homebuyers are hurting and these changes are overdue. Now is the time.”

Debt-to-income ratio 541

Debt-to-income ratio Industrial Mortgages Loans 541

Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. Piper Sandler expects a drop in prepayment speeds to continue despite the near-term dip in mortgage rates, because very few borrowers have mortgage rates above current levels.

Industrial 384

Industrial Mortgages Loans Banks 384

Inman

APRIL 17, 2024

But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage. Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission.

Industrial 183

Industrial Mortgages Finance Agents 183

Housing Wire

MARCH 16, 2023

The Federal Housing Finance Agency ’s (FHFA’s) decision to delay implementing the controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income (DTI) ratios gave mortgage lenders a breather. Though it’s undoubtedly a victory for the industry, it’s a partial one.

Industrial 380

Industrial Mortgages Finance Loans 380

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. naturally exposing her more closely to the American reverse mortgage industry. But she has a lot of family living in the U.S.,

Mortgages 415

Mortgages Finance Loan Officer Equity 415

Housing Wire

APRIL 10, 2024

Meanwhile, mortgage rates have steadied recently. Since the strong March labor market reading, interest rates have posted a general upswing, with the 10-year moving toward 4.4%, its highest yield since November. Shelter costs are known for keeping inflation artificially high, the consumer price index minus shelter stood at 1.9%

Industrial 416

Industrial Mortgages MLS As-is 416

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. gigawatts (GWdc) of solar capacity in 2020, a joint study released earlier this year by the Solar Energy Industries Association and Wood Mackenzie said.

Industrial 414

Industrial Mortgages Lending Loans 414

Housing Wire

JANUARY 22, 2024

After a year of challenge in the reverse mortgage industry, the major lenders in the industry look a bit different for calendar year 2023 when compared with recent years past. Reduced volume, a challenging mortgage rate environment and industry consolidation has contributed to some of the broader changes.

Mortgages 407

Mortgages Finance Industrial Equity 407

Housing Wire

SEPTEMBER 12, 2023

With mortgage rates above 7%, historically low levels of housing inventory, defaults in commercial real estate, and a series of potentially onerous regulations to come, Mortgage Bankers Association President and CEO Bob Broeksmit said the trade group is doing all its can to influence policymakers. House of Representatives.

Industrial 395

Industrial Banks Finance Commercial 395

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. Rocket Mortgage had purchase origination volume of $47.5

Mortgages 454

Mortgages Marketing Lending Banks 454

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

Industrial 334

Industrial Banks Residential Lending 334

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 330

Finance Mortgages Lending Equity 330

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. The agreement, signed on Tuesday, is significant due to the regulatory roles of both bodies.

Mortgages 335

Mortgages Finance Development Banks 335

Housing Wire

MARCH 18, 2024

Lennar Mortgage , a financial services subsidiary of Lennar Corp. will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology , ICE announced on Monday. It can also be used as a channel for mortgage holders to seek assistance in times of distress.

Loans 409

Loans Mortgages Technology Finance 409

Housing Wire

APRIL 22, 2024

Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. Roque, who co-founded M&A and retail mortgage banking firm Menlo Co.

Mortgages 334

Mortgages Loan Officer Loans Banks 334

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here before the January 27th deadline!

Finance 360

Finance Banks Brokerage Closing 360

Housing Wire

MAY 2, 2022

Looking at the housing industry from a bird’s eye view in 2021, it’s easy to see the fast-paced housing market and the record-setting surge in volume. HousingWire’s Housing Finance Leaders. VP, Capital Markets & Finance. Executive Vice President of Finance. Freedom Mortgage. Ruoff Mortgage.

Finance 330

Finance Loans Title Lending 330

Housing Wire

APRIL 5, 2024

As a result, mortgage rates are likely going to stay elevated for longer.” The housing market is eager to see mortgage rates ease as rates have spent nearly a year above 6.5%, and have most recently been hovering above 6.7%,” Realtor.com economic data analyst Hannah Jones said in a statement. The job openings rate was steady at 5.3%

Industrial 293

Industrial Mortgages Construction MLS 293

Housing Wire

JANUARY 2, 2024

When will the mortgage industry know it has reached the tipping point where innovation is no longer a competitive advantage but an existential need? Maybe when foreseeable boom-bust cycles disproportionately impact our economically foundational industry and create ripples that influence U.S.

Mortgages 385

Mortgages Finance Lending Industrial 385

Housing Wire

MARCH 8, 2024

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 384

Title Industrial Land Closing costs 384

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgages 433

Mortgages Title Loans Lending 433

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. Proprietary product offerings are on the table as well.

Mortgages 329

Mortgages Loan Officer Investor Lending 329

Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Presented by: Selene Finance.

Industrial 340

Industrial Mortgages Principal Loans 340

Housing Wire

APRIL 24, 2024

As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. With the right ambassador, that task is made simpler.

Mortgages 347

Mortgages Loan Officer Principal Loans 347

Housing Wire

SEPTEMBER 11, 2023

The Federal Housing Finance Agency (FHFA) on Monday announced that it will offer additional opportunities for public engagement as it considers the transition to updated credit score models and credit report requirements for loans acquired by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Industrial 383

Industrial Finance Loans Mortgages 383

Housing Wire

JANUARY 9, 2024

One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. This is where a reverse mortgage could become a viable option for certain retirees, he explained. “[A population grows older in the coming years.

Mortgages 507

Mortgages Equity Finance Industrial 507

Housing Wire

DECEMBER 28, 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.93% this week, down from 6.95% one week ago.

Fixed-rate mortgage 490

Fixed-rate mortgage Mortgages Finance Equity 490

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. According to Inside Mortgage Finance , NAF was the 31st largest U.S.

Mortgages 399

Mortgages Loan Officer Loans Finance 399

Housing Wire

APRIL 28, 2022

As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7%

Industrial 347

Industrial Mortgages Loans Equity 347