Housing Wire

FEBRUARY 13, 2024

New York-based mortgage lender Logan Finance Corp. She brings more than 25 years of experience in the mortgage industry to her new position. Gonzalez’s most recent position was at Panorama Mortgage Group , where she served as president and COO since January 2022. Established in 1949, Logan Finance Corp.

Finance 460

Finance Lending Banks Loans 460

Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing.

Finance 493

Finance Construction Loans Renovation 493

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage.

Finance 403

Finance Mortgages Loans Staging 403

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Finance of America funded $35.6 Margins in the mortgage business declined from 3.88% in 2020 to 2.86% in 2021.

Finance 388

Finance Investor Mortgages Commercial 388

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 429

Finance Residential Investor Lending 429

Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We billion AUD, or roughly $1.2 billion USD.

Mortgages 430

Mortgages Banks Finance Branding 430

Housing Wire

SEPTEMBER 19, 2024

Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident.

Mortgages 482

Mortgages Lending Finance Industrial 482

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. As of late-day trading on Wednesday, the price currently sits at $0.59.

Finance 468

Finance Sales Equity Mortgages 468

Housing Wire

JANUARY 12, 2021

Finance of America Mortgage. Finance of America Mortgage has served the rigorous demands and long-term needs of our customers for more than a quarter-century. The post Mortgage Tech Demo Day: Finance of America Mortgage appeared first on HousingWire. Get More Info.

Finance 448

Finance Mortgages 448

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” There are many policy levers that must be pulled to get there,” the report reads. “A

Construction 475

Construction Finance Development Marketing 475

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Mortgages 441

Mortgages Marketing Brokerage Finance 441

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. 1 lender in the country with 7,784 endorsements in the 12-month period ending on May 31, 2024.

Finance 441

Finance Investor Mortgages Equity 441

Housing Wire

MARCH 31, 2023

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. Congratulations to the 2023 HW Finance Leaders. As the housing market continues to face volatility, the role of CFO has become increasingly critical.

Finance 403

Finance Principal Property Management MLS 403

Housing Wire

SEPTEMBER 24, 2024

After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago.

Mortgages 451

Mortgages Loans Finance Sales 451

Housing Wire

OCTOBER 3, 2024

The reverse mortgage industry could begin seeing some benefits of lower interest rates , but endorsement volume and securities issuance largely continued its trend from the prior month. Home Equity Conversion Mortgage (HECM) endorsements fell by 2.1% Case numbers increased by 7.1% Refinances rose sharply as well, up 25.7%

Mortgages 429

Mortgages Loans Finance Equity 429

Housing Wire

JANUARY 27, 2023

Today marks the last day to nominate someone for the 2023 HW Finance Leaders award. Don’t miss the chance to recognize the top finance executive at your organization! Nominees with highest probability of selection will hold a CFO, head of secondary marketing, EVP of Capital Markets or equivalent title. Ready to submit?

Finance 388

Finance Title Brokerage Mortgages 388

Housing Wire

SEPTEMBER 23, 2024

A former regional operations manager at CrossCountry Mortgage (CCM) is suing the company over allegations of age discrimination and wrongful termination for her refusal to participate in illegal activities. mortgage lender in the first half of the year, with $15.4 She requests a trial by jury. CCM was the 10th-largest U.S.

Mortgages 460

Mortgages Loan Officer Loans Banks 460

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 418

Lending Mortgages Equity Loan Officer 418

Housing Wire

APRIL 1, 2024

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 And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.”

Equity 451

Equity Finance Purchase and sale agreement Investor 451

Housing Wire

NOVEMBER 8, 2021

While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex. Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company.

Finance 387

Finance Mortgages Lending Equity 387

Housing Wire

MAY 2, 2022

HousingWire’s Housing Finance Leaders. Entering its second year, this year’s class spotlights the top finance executives who are driving financial performance and helping their businesses access the capital markets. VP, Capital Markets & Finance. Executive Vice President of Finance. Freedom Mortgage.

Finance 402

Finance Loans Title Lending 402

Housing Wire

AUGUST 15, 2024

Toronto-based Bank of Nova Scotia , which operates as Scotiabank , has hired a group of JPMorgan Chase Bank executives to lead a new mortgage capital markets business that expects to launch this fall. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic. The bank was followed by Flagstar Bancorp (11.5%

Mortgages 429

Mortgages Banks Finance Lending 429

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. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), FOA was the No.

Finance 402

Finance Principal Commercial Equity 402

Housing Wire

AUGUST 4, 2022

Finance of America posted steep losses in the second quarter and has pledged to eliminate a significant percentage of its workforce to contain the financial fallout. The traditional mortgage business notched $4.23 The rapidly rising rates and spreads also led to compressed margins for both reverse and commercial mortgages.

Finance 403

Finance Commercial Mortgages Closing 403

Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. There is a discernible appetite for reverse mortgage options, and baby boomers as a cohort are not overly prepared for the prospect of aging in place.

Industrial 427

Industrial Mortgages Finance Development 427

Housing Wire

AUGUST 22, 2024

The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. According to the USMI, private mortgage insurers held more than $26.8 Companies will have two years to fully implement the changes.

Mortgages 441

Mortgages Loans Finance Commercial 441

Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. Academy Mortgage Corporation. Plaza Home Mortgage. Company Name.

Finance 403

Finance Lending Title Mortgages 403

Housing Wire

JULY 30, 2024

As the mortgage and real estate markets continue to face challenges, nearly 800,000 low down payment home purchases in 2023 leveraged private mortgage insurance (PMI), with first-time homebuyers accounting for 64% of the total. Mortgage Insurers (USMI). trillion in mortgages. The vast majority of this total ($1.4

Mortgages 441

Mortgages Finance Loans Industrial 441

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. Today, roughly $1.5

Finance 370

Finance Equity Mortgages Principal 370

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 440

Brokerage Mortgages Technology Branding 440

Housing Wire

SEPTEMBER 20, 2024

Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage ( HECM ) borrowers, according to perspectives she shared this week during an online housing conference hosted by HUD. This is a priority for us. There’s a critical role of housing counseling there.”

Mortgages 429

Mortgages Equity Industrial Finance 429

Housing Wire

OCTOBER 2, 2024

HomeEquity Bank , the leading reverse mortgage lender in Canada , recently conducted a survey and found that the country’s retirees ages 75 and older were generally happier with their lives than workers in their 50s who are approaching retirement.

Mortgages 430

Mortgages Banks Finance As-is 430

Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower.

Mortgages 451

Mortgages Equity Finance Lending 451

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here for more details on eligibility.

Finance 417

Finance Banks Brokerage Closing 417

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Finance of America operates through retail, wholesale and correspondent channels.

Finance 498

Finance Lending Loans Commercial 498

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. There’s about 8,500 fix-and-flip mortgage lenders in the U.S. Faes & Co has also been involved with building a short-term mortgage lender in Ireland. LendInvest has more than $4.7

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

MAY 9, 2022

Fast-rising interest rates hit Finance of America Companies hard in the first quarter of 2022 and the company cut almost 600 jobs compared to one year ago. . The lender’s traditional mortgage business reached $5.1 The company said the spreads on triple-A mortgage-backed securities (MBS) widened by 50 basis points in March. .”

Finance 370

Finance Commercial Mortgages Investor 370