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 364

Residential Lending Finance Banks 364

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. Many first-time homebuyers are stretching their finances to the limit. I believe the concerns for the market at this point are dramatically related to geographics.

Debt-to-income ratio 335

Debt-to-income ratio Loan Officer Marketing Loans 335

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. She joins the company’s leadership team to further its presence and performance in the Washington market. According to Rate’s website, the company has 11 branches in the state.

Lending 392

Lending Mortgages Loan Officer Loans 392

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. That was down 18% year over year, per Inside Mortgage Finance estimates. Fairway Independent Mortgage Corp. million civil penalty. The company ranked No.

Lending 461

Lending Loan Officer Loans Finance 461

Housing Wire

JANUARY 30, 2025

In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. Davis: Either you take market share or someone takes yours, right? A lot of folks were expecting a decline in 2025.

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New Construction Construction Marketing Investor 338

Housing Wire

APRIL 10, 2025

Americas housing market isnt just cooling its frozen in place. homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. And while U.S.

Design 282

Design Marketing Fixed-rate mortgage Finance 282

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I It also brings a “reputational risk” when financing large amounts of loans originated from other firms.

Lending 526

Lending Finance Mortgages Banks 526

Housing Wire

FEBRUARY 10, 2025

Kiavis expansion into these 13 additional markets provides an immediate opportunity to equip more real estate investors with the fast, reliable, and transparent capital they need to create move-in ready housing while scaling their businesses, Arvind Mohan , CEO of Kiavi , said in a statement. In 2024, Kiavi reportedly originated a record $6.5

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Lending New Construction Residential Investor 326

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said.

Loans 392

Loans Mortgages Finance Lending 392

Housing Wire

DECEMBER 18, 2024

The key points of this report indicate that the Federal Reserve has overlooked the housing market for years. The existing home sales market does not align with their dual mandate of ensuring stable personal consumption expenditures (PCE) or consumer price index (CPI) prices, as these measures account for rent. We will soon find out.

Construction 509

Construction Residential Sales Mortgages 509

Housing Wire

APRIL 22, 2025

housing market, with more listings hitting the market and warmer weather making it easier for buyers to tour homes and explore their options. Here are three strategic areas that deserve renewed focus: Refocus on purchase lending With refinance volume shrinking, lenders must realign operations around purchase demand.

Loan Officer 373

Loan Officer Finance Loans Mortgages 373

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. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgages 426

Mortgages Equity Loan Officer Loans 426

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The effective date for this provision is Feb. These include having served nearly 2.6

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Lending Finance Closing costs Closing 450

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”

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Finance Principal Construction MLS 461

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. John Hummel Prior to joining U.S. Bank is a consumer and business banking company owned by US Bancorp.

Banks 449

Banks Lending Loan Officer Loans 449

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? ” The post-pandemic market was a utopia for aspiring homebuyers and mortgage brokers in the market, and some probably still reminisce about those times today. Acra Lending has done precisely that. billion to $3.47 billion in fundings.

Lending 312

Lending Technology Loans Mortgages 312

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 financing can be used to make a down payment, pay down debt, or cover repairs and moving expenses. billion.

Lending 440

Lending Loans Loan Officer Equity 440

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , Current market dynamics have impacted the affordability of homeownership for many Americans, and at the same time, competition has only increased,” Sean Grzebin, head of consumer originations for Chase Home Lending, said in a statement.

Lending 475

Lending Closing Banks Commercial 475

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 potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

Mortgages 370

Mortgages Equity Lending Design 370

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising.

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Equity Lending Banks Loans 483

Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. CFPB Director Rohit Chopra praised Ficklin’s fair lending work in a statement published by American Banker.

Lending 427

Lending Banks Finance Mortgages 427

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 438

Lending Technology Loans Mortgages 438

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 440

Lending Mortgages Equity Loan Officer 440

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 439

Lending Branding Loan Officer Technology 439

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 477

Purchase and sale agreement Pre-approval Brokerage Equity 477

Housing Wire

MARCH 27, 2025

FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers. FinLockers no-cost verification is a game-changer for our business,” said Steve Majerus, CEO at Synergy One Lending. This direct-source verification covers 85% of the U.S. ” .

Mortgages 384

Mortgages Loan Officer Technology Loans 384

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.

Finance 439

Finance Residential Investor Lending 439

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Lending 451

Lending Renovation Loans Mortgages 451

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

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 469

Lending Equity Banks Loans 469

Housing Wire

APRIL 4, 2025

Saluda Grade , an alternative investment firm with a focus on residential real estate finance, announced this week that it hired Jim Boothby as its head of global business development. Figure spun out its lending business and became the nation’s largest nonbank originator of home equity lines of credit ( HELOCs ).

Development 300

Development Investor Equity Finance 300

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

Lending 440

Lending Banks Loans Renovation 440

Housing Wire

NOVEMBER 12, 2024

Wallace brings more than 30 years of experience as a leader of tech-focused mortgage, asset management and capital market platforms. Dan’s unique expertise positions him at the intersection of technology , asset management, and mortgage finance, perfectly aligning with our vision for the future. “The U.S. “The U.S.

Technology 370

Technology Finance Mortgages Lending 370

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 440

Lending Mortgages VA loan Finance 440

Housing Wire

OCTOBER 17, 2024

Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. Executives at Better reset the company amid a shrinking mortgage market, with its workforce declining 92% from 10,400 employees in 2021 to just 820 in 2023.

Loans 427

Loans Loan Officer Lending Mortgages 427

Housing Wire

MARCH 14, 2025

Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.

Branding 356

Branding Equity Lending Finance 356

Housing Wire

FEBRUARY 14, 2025

MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO board members, who represent a cross-section of the residential and commercial real estate finance industries, are responsible for overseeing the organization and serve two-year terms.

Finance 329

Finance Commercial Technology Lending 329