Housing Wire

JANUARY 6, 2025

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Logan offers a range of non-QM products, including DSCR, AUS jumbo and bank statement loans. Gonzalez formerly served as Logan’s chief operating officer, a position she started in February 2024.

Finance 391

Finance Lending Loans Banks 391

Housing Wire

JUNE 12, 2025

Nonqualified mortgage ( non-QM ) lender Logan Finance Corp. has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. Our Open Road series recognizes that the path to homeownership has evolved, and our lending solutions need to as well.” million at 70% LTV.

Finance 271

Finance Lending Investor Loans 271

Housing Wire

FEBRUARY 11, 2025

Mortgage lending, small business loans, and investments in local development projects are all driven by local lenders who know their markets, live in their communities, and have a vested interest in the growth of their economies. The availability of funding at the local level is the driving force in building stronger communities.

Lending 372

Lending Development Banks Loans 372

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. PST on Oct.

Mortgages 520

Mortgages Marketing Lending Finance 520

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Debt-to-income ratio 350

Debt-to-income ratio Loans VA loan FHA loan 350

Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. billion in home loan production. That was down 18% year over year, per Inside Mortgage Finance estimates. Fairway Independent Mortgage Corp.

Lending 441

Lending Loan Officer Loans Mortgages 441

Housing Wire

DECEMBER 5, 2024

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. The lending executive’s reviews on Zillow reflect stellar performance in North Carolina. Highlands Residential Mortgage is a retail lender based in Allen, Texas.

Residential 367

Residential Construction Loans Mortgages 367

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

Residential 350

Residential Lending Finance Banks 350

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. Additionally, third-party due diligence is conducted on 100% of the securitized loans, utilizing firms that have been reviewed and approved by S&P.

Due diligence 416

Due diligence Lending Investor Loans 416

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. “As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.”

Lending 384

Lending Mortgages Loan Officer Loans 384

Housing Wire

MAY 5, 2025

Intercontinental Exchange ‘s May 2025 Mortgage Monitor Report, released Monday, found that first-time homebuyers accounted for a record share of agency purchase lending (58%) in the first quarter 2025. They accounted for a record 82% of agency lending in 2023, more than 75% in 2024 and nearly three-quarters in Q1 2025.

Lending 309

Lending FHA loan VA loan Loans 309

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Loan details needing attention are routed to a professional for a better borrower experience.

Loans 408

Loans Investor Closing Lending 408

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 245

Lending Equity Banks Construction 245

Housing Wire

NOVEMBER 27, 2024

wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations.

Loans 397

Loans Finance Mortgages VA loan 397

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.

Finance 236

Finance Lending Renovation Residential 236

Housing Wire

APRIL 22, 2025

For these borrowers, non-qualified mortgage (non-QM) loans offer a premium alternative to conventional options. These loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership altogether.

Lending 252

Lending Loans Investor Design 252

Housing Wire

MAY 19, 2025

You’ve lowered the MIP; you’re making that mortgage insurance for that high-LTV loan cheaper. ” Homebuilders now have about 500,000 homes on the market, and their financing arms are another potential source of relief. It was a more affordable mortgage.”

Loans 323

Loans Mortgages Banks Finance 323

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

MAY 19, 2025

Non-QM (Non-Qualified Mortgage) lending has become essential to todays mortgage landscape, providing solutions for creditworthy borrowers who fall outside traditional lending criteria. The profile for Non-QM typically has FICOs in the mid-700s and 70% loan-to-value (LTV) ratios, with strong pay histories.

Lending 201

Lending Loans Due diligence Investor 201

Housing Wire

JUNE 2, 2025

The first quarter is typically the slowest for home equity lending, but lower interest rates in early 2025 helped to boost activity particularly for home equity lines of credit ( HELOCs ) and set a strong tone for the rest of the year. That marks a 22% increase compared to the same quarter last year.

Equity 473

Equity Technology Lending Mortgages 473

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.

Loans 301

Loans Mortgages Equity Construction 301

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

Lending 421

Lending Loans Loan Officer Equity 421

Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. Executives at Planet Home Lending were also on the call. According to Inside Mortgage Finance , Planet Home Lending ranked as the 22nd-largest mortgage lender in the U.S.

Lending 441

Lending Loans Finance Mortgages 441

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Bristol has a federal registration and has given the lender the flexibility to bring on loan officers who are not yet licensed. “Our goal is to be No.

Loans 369

Loans Mortgages Loan Officer Technology 369

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. The interest rate on the loan has been lowered from 9.99% to 9.49%. The interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 407

Mortgages Equity Loan Officer Loans 407

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).

Loan Officer 376

Loan Officer Equity Loans Brokerage 376

Housing Wire

MARCH 10, 2025

Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.

Purchase and sale agreement 458

Purchase and sale agreement Pre-approval Brokerage Equity 458

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Many first-time homebuyers are stretching their finances to the limit.

Debt-to-income ratio 286

Debt-to-income ratio Loan Officer Marketing Loans 286

Housing Wire

MAY 14, 2025

BOK Financial recently announced the launch of its new mortgage finance line of business, a new vertical dedicated to meeting the credit needs of nonbank mortgage originators across the country. The addition of mortgage finance will create a full-service ecosystem tailored to the needs of the company’s client base.

Finance 201

Finance Mortgages Lending Banks 201

Housing Wire

DECEMBER 4, 2024

It’s the ninth straight year that the limit will increase based on home-price appreciation levels, which feeds into a single, national limit for all HECM loans. Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp.,

Mortgages 384

Mortgages Equity Lending Loans 384

Housing Wire

MAY 21, 2025

Even the term affordable feels like a relic of the past, said Jake Vehige, president of mortgage lending at Neighbors Bank , who authored a recent report that analyzes housing conditions in rural counties with populations of less than 20,000. Another challenge is access to mortgage lending services. Rural areas of the U.S.

New Construction 324

New Construction Banks Lending Construction 324

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.

VA loan 383

VA loan Mortgages Loans Lending 383

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

Lending 421

Lending Loan Officer Banks Loans 421

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

OCTOBER 25, 2024

FormFree , a mortgage fintech founded in the midst of the Global Financial Crisis by Brent Chandler, is putting the customer in control of their own data, a practice known as “open banking” that could transform lending. The CFPB clarified that “first-party” payments, including those initiated by loan servicers, are not covered.

Banks 431

Banks Mortgages Lending Industrial 431

Housing Wire

MARCH 27, 2025

. “By covering these expenses, we’re creating a rising tide that lifts all boats consumers get more affordable mortgages, lenders reduce expenses and close loans faster, and our industry takes another step toward truly digital mortgages. This is about fundamentally transforming how the mortgage ecosystem works together.”

Mortgages 328

Mortgages Loan Officer Technology Loans 328

Housing Wire

FEBRUARY 13, 2024

New York-based mortgage lender Logan Finance Corp. as senior vice president of strategic business operations at Stearns Lending , and as vice president of correspondent operations at Nationstar Mortgage. Established in 1949, Logan Finance Corp. Logan Finance Corp. named Sarah Gonzalez as its chief operating officer.

Finance 448

Finance Lending Banks Loans 448