Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

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Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

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Loans Mortgages Equity Construction 301

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.

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Housing Wire

JUNE 10, 2025

Legacy Group Capital on Tuesday at HousingWire’s The Gathering announced the expansion of its suite of consumer financing solutions. Its expanded solutions include: Buy-Before-You-Sell: Enables homeowners to purchase a new home before selling their current one, with flexible bridge financing that removes timing pressure.

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Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

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Mortgages Finance Loans Equity 466

Housing Wire

MAY 12, 2025

In this conversation, Davis breaks down the surge in demand for second liens, DSCR loans, and alternative income documentation and why originators who lean in now are setting themselves up for long-term success. Real estate investors can obtain a DSCR second mortgage for cash out to purchase and/or renovate new or existing properties.

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Loans Investor Renovation Equity 291

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

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Bankruptcy Equity Hard money loan Finance 421

Housing Wire

DECEMBER 3, 2024

Global analytics software leader FICO on Tuesday announced the launch of the first-ever government-issued mortgage-backed security (MBS) with loans originated using FICO Score 10 T. The MBS pool was issued by Cardinal Financial and included loans from the U.S. In October, Cardinal started using the model to originate VA loans.

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Housing Wire

MARCH 20, 2025

fell in 2024, continuing a downward trend as real estate investors grapple with tight profit margins. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. The home-flipping industry saw investors shy away even more in 2024 amid the extended period of languishing profits. a year earlier.

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Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. As of April 22, the platform had 272 sponsored loan officers across 90 branches, according to the Nationwide Multistate Licensing System (NMLS).

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Housing Wire

FEBRUARY 25, 2025

With nearly three decades of experience in real estate and investing, Ive worked with hard money lenders to secure financing for everything from simple fix-and-flip projects to multi-million-dollar apartment building rehabs. Youll also learn how hard money loans work, what it takes to get approved and key factors to consider before applying.

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Hard money loan Loans Investor Lending 360

Housing Wire

JANUARY 28, 2025

Ruimy noted that the BPL sector accounts for a significant portion of residential mortgage originations, with large investors increasingly turning to BPL lenders like Dunmor. Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level.

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Housing Wire

JANUARY 30, 2025

If a broker is working with an investor that happens to dabble in non-QM, then they’re not going to get all the best practices we’ve aggregated over the last 12 years. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors.

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New Construction Construction Marketing Equity 291

Housing Wire

FEBRUARY 13, 2025

. “For example, last year alone, Freddie Mac acquired more than 1 million loans from over 1,000 lenders of all sizes across the country. We packaged those loans into mortgage-backed securities (MBS) that attracted investors from around the world to support U.S. The proceeds enabled Freddie Mac to help nearly 1.6

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Finance Loans Mortgages Investor 383

Housing Wire

NOVEMBER 4, 2024

Global credit rating agency Morningstar DBRS last week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), confirming the ranking the company was assigned this past summer ahead of its earnings call this week. The rating is officially classified as “MOR RVO2” by Morningstar.

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Loans Finance Equity Residential 383

Housing Wire

MAY 29, 2025

For subservicers, managing loans can generate stable income through fees, and when agreements allow and align with their strategy, it opens doors for cross-selling activity. including affiliated Rushmore Loan Management Services ) and Flagstar s servicing assets. Indeed, the total residential subservicing market declined to $3.96

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Mortgages Loans Banks Industrial 352

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Loans Finance Renovation Equity 527

Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. ” Cardinal Financial’s non-QM suite will kick off with four loan products. . billion in non-QM loans through a proprietary product suite.

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Loans Finance Investor Mortgages 301

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. But let’s suppose all that occurs.

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Housing Wire

JUNE 12, 2025

National lender HomeXpress specializes in nonqualified mortgages (non-QMs), business-purpose loans for real estate investors and other nonagency mortgage products. The lender, which has been originating loans for nine years, has reported profitability each year since its founding. billion from January through May 2025.

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Loan Officer Principal Loans Mortgages 277

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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Debt-to-income ratio Agents VA loan MLS 305

Housing Wire

DECEMBER 30, 2024

This new dynamic has encouraged many investors to look at alternative assets for yield, raising a burgeoning interest in the non-qualified mortgage securitization space. Non-QMs are attractive because they have strong credit quality, low loan-to-value ratios, and stable origination volumes.

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Housing Wire

MAY 22, 2025

billion asset management firm that specializes in securitized products and asset-backed finance. The deal involves an 18-month revolving period during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding capacity.

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Housing Wire

MAY 19, 2025

Gregory Tsang is the Chief Executive Officer and co-founder of eRESI , a Non-QM correspondent whole loan investor offering both Delegated and Non-Delegated options. The profile for Non-QM typically has FICOs in the mid-700s and 70% loan-to-value (LTV) ratios, with strong pay histories.

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Lending Loans Due diligence Investor 201

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

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Loans Investor Banks Finance 441

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

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Finance Residential Investor Lending 419

Housing Wire

OCTOBER 30, 2024

Founded by Karl Jacob and Allan Carroll in 2017, LoanSnap raised $100 million in seed funding from investors such as Richard Branson’s Virgin Group ; former NFL star Joe Montana’s Liquid 2 Ventures ; and LinkedIn co-founder Reid Hoffman.

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Lending Loan Officer Banks Loans 421

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Construction Development Loans Lending 431

Housing Wire

MAY 2, 2025

It aims to attract borrowers with nontraditional financial profiles, including self-employed individuals, small-business owners, freelancers and real estate investors. billion in mortgages in 2024, up 15% year over year, according to Inside Mortgage Finance data. In the non-QM segment, Rate originated about $2.8

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Closing Loan Officer Finance Loans 253

Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S.

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Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. Borrowers can repay the loan early without penalty.

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Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. according to Inside Mortgage Finance (IMF). Rithm delivered strong and consistent performance in each of its core businesses, creating value for investors and shareholders.

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Loans Equity Principal Mortgages 373

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM is simply taking a lower margin, effectively,” he added.

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Equity Loans Mortgages Loan Officer 421

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. billion that closed.

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Investor Marketing Construction Loans 458

Housing Wire

OCTOBER 24, 2024

The company will alert broker partners to potential refinance business and notify them if “a payoff is ordered on one of their loans within the broker network.” We know that brokers who leverage our brand win more loans,” Pistone said. Becoming the top wholesale investor in the reverse mortgage business is our goal.

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Principal Branding Investor Mortgages 421

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. This data does not include originations of proprietary reverse mortgages, but no provider of these loans publicly shares the sales volume figures for their private-label products. 1 lender in the country with 7,784 endorsements in the 12-month period ending on May 31, 2024.

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Finance Investor Mortgages Equity 431

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

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Loans Renovation Principal Finance 420