Housing Wire

JULY 22, 2025

House of Representatives seeks to address the nation’s housing shortage by expanding financing options for accessory dwelling units (ADUs). 4568 — the Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act. After they got the permits, too many homeowners faced another barrier: a lack of financing options.

Finance

Housing Wire

FEBRUARY 11, 2025

Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. The availability of funding at the local level is the driving force in building stronger communities.

Lending

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. ICE reported that purchase mortgages have made up a larger share of overall issuance in recent years. Washington, D.C.,

Lending

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. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

Mortgages

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. 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.

Loans

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. mortgage lenders in the first half of 2024, with $11.8 mortgage lenders in the first half of 2024, with $11.8

Lending

Housing Wire

JUNE 23, 2025

With mortgage rates still hovering near multi-decade highs, homeowners are opting to hold onto their ultra-low first mortgages. Instead of refinancing, they’re tapping into their equity through home equity loans and HELOC s to finance renovations, cover tuition, or consolidate high-interest debt. Regulators recognize this.

Lending

Housing Wire

APRIL 22, 2025

In todays mortgage market, traditional mortgage products are no longer the one-size-fits-all solution they once were. These borrowers are driving a demand for alternative mortgage products. For these borrowers, non-qualified mortgage (non-QM) loans offer a premium alternative to conventional options.

Lending

Housing Wire

MARCH 27, 2025

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. This is about fundamentally transforming how the mortgage ecosystem works together.” ”

Mortgages

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

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. This interview has been edited for length and clarity.

Residential

Housing Wire

JANUARY 6, 2025

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Before joining Logan, Gonzalez served as president and COO at Panorama Mortgage Group. Gonzalez also sits on the Lender Member Board of Directors and is the 2025 Vice Chair-elect for The Mortgage Collaborative.

Finance

Housing Wire

MAY 29, 2025

The answer lies in a remote corner of the mortgage industry: subservicing. This business which involves handling mortgage payments, borrower communication and escrow administration on behalf of lenders has undergone consolidation. Meanwhile, MSR player Bayview Asset Managemen t is in M&A talks with Guild Mortgage.

Mortgages

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

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement. Others are taking a more nuanced approach to the increase.

Mortgages

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

Housing Wire

JANUARY 6, 2025

Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. After paying their mortgage, one family was left with $57.78

Loans

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 product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages

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

Housing Wire

JUNE 25, 2025

In mortgage, that playbook often mirrors sports—one side wins, the other loses. A smaller market still full of opportunity According to the Mortgage Bankers Association’s May 2025 forecast, total mortgage originations are expected to reach $1.397 trillion by year’s end, a slight downward revision from earlier projections.

Mortgages

Housing Wire

JUNE 13, 2025

Mortgage veteran Glenn Stearns is taking a different approach with his latest venture. Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019.

Mortgages

Housing Wire

JUNE 2, 2025

homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 the largest volume for this period in 17 years, according to the ICE Mortgage Technology ‘s newest Mortgage Monitor report. mortgage holders carried a record $17.6 HELOC rates have fallen by 2.5

Equity

Housing Wire

JULY 2, 2025

Just a week ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte issued a directive for Fannie Mae and Freddie Mac to begin preparing their businesses for the use of cryptocurrency in single-family mortgages. Phil Crescenzo, the Southeast division vice president for Nation One Mortgage Corp. dollars are not involved.

Mortgages

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. Mortgage market expectations are projected to favor the non-QM model for the next two years and beyond. debt-to-income (DTI) ratio (33.3% percent and 6.2

Due diligence

Housing Wire

OCTOBER 25, 2024

A future glimpse into how mortgages will be created in 2035 can be found in an woodsy office park in Athens, Georgia. Customers’ data remains anonymous throughout the process to prevent racial bias or lack of credit history from affecting lending decisions. The mortgage sector will be affected.

Banks

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

Housing Wire

MAY 12, 2025

Bidding wars for producing mortgage loan officers are back with a vengeance and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire. Mortgage companies are competing for a shrinking pool of talent. So far, that bet hasnt paid off entirely.

Mortgages

Housing Wire

JULY 18, 2025

Welcome back to Tech Pulse — HousingWire ‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Realtor.com parent Move acquires Zenlist Realtor.com parent Move Inc.

Title

Housing Wire

JUNE 11, 2025

Fairway Independent Mortgage Corp. , mortgage lender, announced a deal on Wednesday to acquire Hallmark Home Mortgage in an asset sale. Jacobson and Sturges worked together at Waterfield Mortgage “decades ago and have remained industry acquaintances ever since,” Jacobson said in a statement. a top 20 U.S. year over year.

Mortgages

Housing Wire

MAY 21, 2025

Mortgage lending has long catered to a bygone era of steady paychecks and W-2 forms, leaving millions of self-employed and gig economy workers underserved. But as the gig economy booms, lenders are finding success in the nonqualified mortgage ( non-QM ) sector by engaging with AI-powered tools like Prudent AI.

Mortgages

Housing Wire

JULY 21, 2025

mortgage market is undergoing a tectonic shift, and Non-Qualified Mortgage (Non-QM) lending is at the epicenter of this transformation. Once viewed as a niche or transitional product, non-QM lending now represents around 5 percent of today’s mortgage market, according to a recent CoreLogic report.

Lending

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. The affordability crisis extends beyond mortgage payments. ADU is a big requirement now.

Debt-to-income ratio

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

Mortgages

Housing Wire

FEBRUARY 14, 2025

In 2024, Fannie Mae provided $381 billion of liquidity to the single-family and multifamily mortgage markets. ” The GSE financed approximately 420,000 units of multifamily rental housing in 2024 Outlook for 2025 Halley ended the earnings call by touching on Fannie’s current economic outlook. in 2025 compared to 5.8%

Mortgages

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. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial.

Residential

Housing Wire

DECEMBER 18, 2024

Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects. As short-term interest rates decrease, some lending opportunities, such as land purchases and apartment financing, are improving. If mortgage rates hadn’t dropped from 7.5%

Construction

Housing Wire

OCTOBER 31, 2024

In the halls of the Colorado Convention Center on Monday, it was hard not to overhear mortgage bankers gnashing their teeth over the rumored price hikes for Fair Isaac Corp (FICO) scores. per score to all mortgage lenders, independent of their volume. “It’s an abuse of power, a complete monopoly.” What will it cost?

Industrial