Housing Wire

JUNE 26, 2024

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date.

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Housing Wire

NOVEMBER 1, 2024

We’re excited to share that the FHFA ( Federal Housing Finance Agency ) pilot is expanded to all sellers who do business with Freddie Mac. We want to continue to see the right level of engagement from the industry when it comes to the loan quality.

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Housing Wire

JUNE 6, 2025

The new program has $100 million behind it, according to reporting from CBS News , and will be managed by the California Housing Finance Agency (CalHFA). Reverse mortgage industry professionals reacted positively to the news when reached by HousingWire ’s Reverse Mortgage Daily (RMD).

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Housing Wire

OCTOBER 31, 2024

The industry has also been strongly supportive of our budget requests.” Funding for 2024 is already having a stabilizing effect on Ginnie Mae, he explained, but additional resources will help the company to serve the mortgage industry and market more reliably. “As What I can say is that we’ve had strong support from the U.S.

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Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Mr. Cooper Group , loanDepot , First American and Fidelity National Financial Inc. It could disrupt the cash flow to investors, Fitch said.

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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

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Equity Finance Purchase and sale agreement Investor 440

Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

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Industrial Mortgages Loans Principal 382

Housing Wire

MARCH 1, 2023

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. However, the ramifications of climate risk are now being felt throughout the broader industry, especially as a larger and larger percentage of this damage comes in the form of uninsured losses. You build the home to code.

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Industrial Banks Loans Design 384

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. Almost any time in history the U.S.

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Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Housing Wire

APRIL 7, 2021

These results are notable considering the sheer speed and impact the pandemic had on the mortgage finance industry. The servicing industry had to do this even while shifting its own workforce out of the office and into their homes. In a flash, millions of Americans lost their jobs and incomes.

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Mortgages Principal Loans Finance 488

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55.

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Mortgages Principal Equity Loans 237

Housing Wire

APRIL 19, 2022

The administration said that the new loss mitigation option could be an alternative for borrowers who cannot reduce their principal and interest payments by 25% through FHA’s existing 30-year mortgage modification with a partial claim. Comments from the mortgage industry are due by May 31.

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Loans Principal Mortgages Real-estate owned 496

Housing Wire

OCTOBER 1, 2024

It has built an MSR platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8 Inside Mortgage Finance ranked Rocket as the eighth-largest U.S. Rocket said that its recapture rate, which includes purchase and refinance loans, is at 85%, triple the industry average. billion as of June 30.

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Housing Wire

APRIL 1, 2025

Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry. The 2025 HousingWire Rising Stars have demonstrated exceptional leadership, expertise, and dedication to moving the industry forward.

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Lending Technology Title Development 268

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. This course covers real estate law, contracts, finance and ethics.

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Agents Brokerage Purchase and sale agreement Commercial 421

Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

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Loans Fixed-rate mortgage Principal Renovation 450

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

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Investor Bankruptcy Finance Equity 421

Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. Job losses in the service industry sector severely impacted renters, while those who have been able to maintain their jobs remotely have fared much better.

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Principal Finance Loans Equity 479

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae.

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Principal Development Finance Industrial 370

Housing Wire

MAY 10, 2023

That’s the entire mortgage industry shouting, “hip, hip hooray!” ” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. Did you hear that sound?

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FHA loan Loans Principal Mortgages 538

Housing Wire

FEBRUARY 28, 2022

The Federal Housing Finance Agency (FHFA) proposed some key changes to requirements for single-family seller servicers that do business with the enterprises. The FHFA would also eliminate the non-performing loan charge, which industry stakeholders had complained was procyclical, the agency wrote. basis points.

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Principal Loans Industrial Banks 396

Housing Wire

APRIL 21, 2025

Amid inflation worries, political turmoil and ripple effects from new federal spending cuts , Americans are growing increasingly pessimistic about the economy, housing market and their personal finances, according to a new consumer sentiment survey. director of research and a managing principal at John Burns. Only 34% of U.S.

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Principal Renovation Branding Finance 198

Housing Wire

MARCH 5, 2024

Sanjiv’s depth of experience in mortgage finance, consumer understanding and thought leadership will serve our company well as we continue to grow and evolve our business strategy and operational platform,” Stephen G. A mortgage industry veteran, Vas has served since October 2023 as the president of tech company Pagaya Technologies Ltd.,

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Principal Commercial Loans Mortgages 405

Housing Wire

AUGUST 13, 2024

The assets have “a projected unpaid principal balance of approximately $3 billion,” Onity announced in its Q2 report. Wong added that from Waterfall’s perspective, this deal is illustrative of the company’s desire to grow its presence inside the reverse mortgage industry. The company intends to issue $51.7

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Mortgages Equity Principal Finance 404

Housing Wire

APRIL 24, 2024

The Rising Stars award recognizes the emerging leaders in the industry who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones all before the age of 40. HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate.

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Principal Due diligence Lending Title 432

Housing Wire

SEPTEMBER 10, 2024

Rocket Mortgage ranked as the third-largest lender in the country during the first half of this year, per data from Inside Mortgage Finance. billion in unpaid principal balance (UPB) at the end of the second quarter. Rocket originated $42.3 billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7

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Mortgages Marketing Principal Technology 431

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

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Principal Loans Investor Industrial 441

Housing Wire

SEPTEMBER 3, 2024

Kristen Sieffert, president of industry-leading lender Finance of America (FOA), said that a potentially new rate environment heightens reverse mortgage potential for new customers. As an industry, I hope we take advantage of lower rates across the board, and look to grow the industry and not simply recycle it.”

Mortgages 441

Mortgages Equity Finance Lending 441

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

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Commercial Finance Branding Principal 391

Housing Wire

JANUARY 8, 2021

Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings. MBA President and CEO Bob Broeksmit explained that Appleton was brought on in order to usher MISMO and the housing industry into the digital future.

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Technology Development Industrial Principal 458

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats.

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Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

MARCH 28, 2023

Homeowners who are making monthly mortgage payments to Rocket Mortgage can use their card points to receive 2% of their card spending toward their unpaid principal balance. Homebuyers can combine their Rocket Rewards and Rocket Signature Card points to save money on closing costs when financing their home purchase through Rocket Mortgage.

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Closing costs Finance Principal Mortgages 410

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

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Principal MLS Agents Brokerage 407

Housing Wire

MAY 31, 2021

Senate Finance Committee. His list of accomplishments includes being the principal drafter of the mortgage forbearance program enacted through the CARES Act, which reshaped the mortgage industry and enabled more than 4 million homeowners to hit the pause button on their mortgage.

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Principal Banks Finance Technology 390

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The elevated mortgage rate environment has created a mortgage rate lockdown effect of sorts, limiting the pool of customers for the mortgage industry. Layoffs, LOs leaving the industry for good. over asking price. High octane stuff.

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Marketing Equity Bankruptcy Loans 526

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter.

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