Housing Wire

JULY 2, 2025

Hill had been serving as interim CFO and principal financial officer since April. He joined the company in 2019 and has held several finance leadership roles — including vice president of international finance and corporate financial planning and analysis. Before joining eXp, Hill held financial positions at The Walt Disney Co.

Principal

Housing Wire

FEBRUARY 6, 2025

Around the same time , Rithm also struck a $720 million deal for Computershare Mortgage Services and its subsidiary, Specialized Loan Servicing , which brought $136 billion in unpaid principal balance (UPB) to Rithms servicing book. according to Inside Mortgage Finance (IMF). according to Inside Mortgage Finance (IMF).

Loans

Housing Wire

APRIL 4, 2025

Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said. But the variations available to brokers and principal agents differ. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgages

Housing Wire

NOVEMBER 1, 2024

We’re excited to share that the FHFA ( Federal Housing Finance Agency ) pilot is expanded to all sellers who do business with Freddie Mac. Over the next few months, sellers will have the opportunity to opt in for the full year 2025.

Loans

Housing Wire

JUNE 18, 2025

billion in unpaid principal balance as of March 31. The data, from Inside Mortgage Finance , reflects only owned servicing assets. Guild’s servicing portfolio stood at $94.0 While Guild ranked as the 25th-largest servicer in the country in the first quarter, Bayview ranked second, with a $770 billion portfolio.

Principal

Housing Wire

JUNE 6, 2025

The new program has $100 million behind it, according to reporting from CBS News , and will be managed by the California Housing Finance Agency (CalHFA). Tom O’Donoghue, principal with Reverse Loans Now , has multiple clients impacted by the recent wildfires and said the program would help.

Mortgages

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal

Housing Wire

JULY 1, 2025

Name Job Title Company Name Abigail Williams Chief Legal Officer Lima One Capital Alexandra Lumpkin Chief Legal Officer The Real Brokerage Ali Haralson President Auction.com Alison Adams Grey Chief of Staff LPT Realty Amy Adams National Real Estate Expert The CE Shop Amy Butler Executive Vice President, National Sales Northpointe Bank Amy Creason Co-founder (..)

Title

Housing Wire

JULY 14, 2025

Guild’s servicing portfolio stood at $94 billion in unpaid principal balance as of March 31, according to Inside Mortgage Finance. Schmidt noted that Guild recaptures about 30% of its purchase loans and, during the most recent refinance boom, captured up to 70% of runoff.

Mortgages

Housing Wire

APRIL 21, 2025

Amid inflation worries, political turmoil and ripple effects from new federal spending cuts , Americans are growing increasingly pessimistic about the economy, housing market and their personal finances, according to a new consumer sentiment survey. director of research and a managing principal at John Burns. Only 34% of U.S.

Principal

Housing Wire

APRIL 22, 2025

His brother, Jeffrey Finn, serves as principal broker, Richmond BizSense reported. Terms of the cash deal were not disclosed, although John Finn said it was backed by third-party acquisition financing. The newly formed Virginia team will operate as RVA Blue Realty.

Brokerage

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. In response, originators are weighing the potential hurdles for offering crypto-backed loans.

Mortgages

BAM Media

JANUARY 8, 2025

As a real estate agent, you know how critical financing is to the success of any property transaction. But did you know that the type of financing you choose can significantly impact your bottom line? Lets dive into how lending fees and interest rates can affect your investmentsand how seller financing can help you save big.

Finance

Housing Wire

FEBRUARY 13, 2025

The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. It also launched a new construction financing product for builders. The company reportedly originated $6.5 billion in loan volume last year, up 46% from 2023.

Land

Housing Wire

NOVEMBER 1, 2024

This course covers real estate law, contracts, finance and ethics. Broker-in-charge or Principal broker : These roles most closely align with designated brokers. your state’s real estate license exam. Enroll in and complete a prelicensing course approved by your state’s real estate commission.

Agents

Housing Wire

JULY 25, 2025

Finance of America debuted a new advertising campaign in April focusing on financial flexibility and quality of life. Reverse mortgage lenders for years have been beating the drum that a Home Equity Conversion Mortgage (HECM) product could benefit seniors struggling with increased costs and fixed incomes.

Equity

The Close

NOVEMBER 7, 2024

You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest. Personal savings: Using your money can be the cheapest way to finance real estate deals. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan

Housing Wire

DECEMBER 17, 2024

The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic. billion through the end of June 2024.

Loans

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending

Housing Wire

JULY 31, 2025

Qualified clients who finance with Rocket and work with a Redfin agent have a one-point rate reduction in their first year, up to $6,000. Rocket’s unpaid principal balance for its servicing portfolio, which includes acquired and subserviced loans, reached $609 billion in the quarter.

Equity

Housing Wire

APRIL 1, 2025

This is roughly in line with other proprietary product offerings in the space from companies such as Finance of America (FOA), Longbridge Financial , University Bank , Smartfi Home Loans and Nationwide Equities. It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million.

Mortgages

The Close

NOVEMBER 25, 2024

Open a Business Bank Account Once you have your EIN, set up a business bank account to separate your personal and business finances. Find Financing Sources for Your House Flipping Business Many people wonder how to start a house flipping business without any cash. Generally, having access to $20,000 to $50,000 is a good starting point.

House Flipping

Marco Santarelli

JANUARY 2, 2025

Calculating Total Cost of Mortgage Over 30 Years Understanding the Basics: Principal and Interest Okay, let's start with the fundamentals. The amount you borrow is called the principal. Here's the thing: a mortgage payment is a mix of principal and interest. More of your payment goes to the principal, and less towards interest.

Mortgages

Marco Santarelli

DECEMBER 12, 2024

According to data provided by Bankrate, the average rates for 30-year fixed, 15-year fixed, 5/1 adjustable-rate mortgages (ARMs), and jumbo loans all declined, marking a shift in the housing finance market as of December 12, 2024. for principal and interest. 30-Year Fixed Rate: Now at 6.73% , down from 6.79%.

Mortgages

Marco Santarelli

DECEMBER 20, 2024

For instance, let's look at an example, similar to what lenders use, where you refinance a $250,000 loan with a 30-year term: Mortgage Rate Monthly Payment (Principal & Interest Only) 5.00% $1,342 5.25% $1,380 5.50% $1,420 5.75% $1,459 6.00% $1,499 See the difference? But if you do it right, it can have a positive impact on your finances.

Mortgages

Marco Santarelli

MARCH 15, 2025

Let's break down the specifics, referencing data sourced from Zillow, as reported by Yahoo Finance: Loan Type Interest Rate 30-year fixed 6.59% 20-year fixed 6.45% 15-year fixed 5.93% 5/1 ARM 6.85% 7/1 ARM 7.13% 30-year VA 6.15% 15-year VA 5.59% 5/1 VA 6.15% It's important to remember that these are national averages.

Mortgages

The Residential Specialist

MAY 12, 2025

A score above 100 indicates todays mortgage rates are 16% better than historical norms, meaning financing a home is more affordable relative to past decades. Equity Grows with Every Payment Mortgage amortization means each payment reduces the principal balance owed, increasing home equity automaticallya financial advantage renters dont have.

Mortgages

Marco Santarelli

JANUARY 1, 2025

Understanding how today's rates translate into real costs is vital for anyone looking to secure financing. Lets explore how the current 7.01% mortgage rate affects a common loan amount, like $340,000.

Mortgages

Marco Santarelli

DECEMBER 7, 2024

A 6.69% mortgage rate means that a $300,000 loan would result in approximately $1,934 per month in principal and interest payments compared to $1,967 per month with a previous 6.81% rate, allowing buyers to save about $33 monthly. The interplay of rates and housing availability creates a unique environment for sellers as well.

Mortgages

Marco Santarelli

DECEMBER 27, 2024

Using the table below, you can see how different mortgage types stack up against each other regarding payment predictability and total interest costs: Mortgage Type Monthly Payment (Principal & Interest) Total Interest Over 30 Years 30-year fixed at 6% $1,799 on a $300,000 loan $239,000 15-year fixed at 5% $2,366 on a $300,000 loan $83,000 7/1 (..)

Fixed-rate mortgage

Marco Santarelli

APRIL 2, 2025

Can you comfortably afford the monthly payments (including principal, interest, taxes, and insurance) at the current interest rates? Suddenly, that potential small saving from a slightly lower mortgage rate doesn't look so significant anymore. The most critical factor is your own financial readiness.

Mortgages

Marco Santarelli

APRIL 22, 2025

By understanding these averages, potential homeowners can make informed decisions about home financing. Sell vs. Hold : Homeowners with low mortgage rates might hesitate to sell, fearing they won't secure favorable financing terms on a new home. This example demonstrates the financial implications of different mortgage types.

Mortgages

Marco Santarelli

DECEMBER 26, 2024

The cost of borrowing can significantly impact your finances, and staying informed helps you make better decisions. Over time, mortgage payments are structured such that in the early years, a larger portion goes toward interest, gradually shifting more toward paying off the principal.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

PITI stands for principal, interest, taxes, and insurance, which are the critical components of your monthly mortgage payment. PITI, an acronym for principal, interest, taxes, and insurance, represents the major components of your monthly mortgage payment. Let’s delve into what PITI entails and how it impacts your mortgage.

Debt-to-income ratio

Redfin

MARCH 5, 2025

It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. A contingent listing means the seller has accepted an offer, but the sale depends on certain conditions, like the buyer securing financing or selling their current home.

Debt-to-income ratio

Redfin

JUNE 13, 2025

In this Redfin article, we’ll walk you through what’s different as a second-time homebuyer, how to prep your finances, and what strategies ease the transition—whether you’re upgrading in Flagstaff, AZ , downsizing, or just making a change in Fort Worth, TX. Needs strong financial reserves or bridge financing.

Debt-to-income ratio

Marco Santarelli

MARCH 29, 2025

Because the interest rate stays the same over the entire 30-year period, homeowners can budget with confidence, knowing their principal and interest payment won't change. Remember to also factor in the additional costs associated with homeownership beyond just the principal and interest.

Mortgages