Housing Wire

DECEMBER 20, 2024

At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. Bill Mitchell For the six months that Mitchell worked closely with RV, he described it as a good time and became far more familiar with the reverse mortgage industry.

Mortgages

Housing Wire

MARCH 7, 2025

The report also states that the idea is being championed by Irving Dennis, HUDs new chief financial officer and principal deputy. Dennis, the agencys new principal deputy chief financial officer, is a former partner at the global consulting giant EY , also commonly known by its original name, Ernst & Young , the report said.

Technology

Housing Wire

MAY 22, 2025

The deal involves an 18-month revolving period during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding capacity. Legacy Group Capital on Thursday announced its first institutional capital partnership with LibreMax Capital LLC , an $11.8

Principal

Housing Wire

NOVEMBER 14, 2024

In the case of FOA — the current industry leader — the earnings results were robust. Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable.

Investor

Housing Wire

JUNE 11, 2025

This week at The Gathering by HousingWire , reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Ventura described how it often comes down to educating financial advisers — a key reverse mortgage industry referral source target. Last year, more than 1.1

Mortgages

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” “[PennyMac] is well-rounded. ” .”

Marketing

Housing Wire

JULY 1, 2025

HousingWire is excited to introduce the winners of its annual Women of Influence award, recognizing 100 women whose achievements are driving the housing industry forward. Many are paving the way for future generations through mentorship, volunteer initiatives, and by serving on boards that influence key industry practices.

Title

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. 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

JUNE 6, 2025

Reverse mortgage industry professionals reacted positively to the news when reached by HousingWire ’s Reverse Mortgage Daily (RMD). 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

JULY 15, 2025

Sarah Wheeler: Technology used to be siloed off from workflows, but that’s been changing in the mortgage industry. Now the system determines what employees are going to work on and when, and then, from a management perspective, we can see what they’re working on, see who needs help, what loans are stuck, etc.

Technology

Housing Wire

APRIL 3, 2025

A lawsuit over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender has been brought to an end with a summary judgment, but the plaintiffs in the case have vowed to appeal the decision. Tails are not from new loans, but they do represent new amounts lent.

Banks

Housing Wire

JUNE 18, 2025

The deal will result in Guild exiting the public markets and becoming a private entity, operating independently but in partnership with Bayview’s servicing company, Lakeview Loan Servicing. billion in unpaid principal balance as of March 31. The company’s talks became public in late May. Guild’s shares were trading at $15.72

Principal

Housing Wire

JANUARY 21, 2025

This could negate any profit potential from increased loan volume. To combat this, lenders should retain their servicing rights to collect the maximum amount of revenue throughout the loan’s life. Effective loan servicing positions servicers as reliable advisors for the homeowner.

Mortgages

Housing Wire

JUNE 10, 2025

2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers. Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity

Housing Wire

APRIL 21, 2025

The principal investigator of the study is Mariana Amorim, an associate professor in the department of sociology at Washington State University. It is not technically a loan but an option agreement. Yet, from the consumers perspective they are seen as akin to existing mortgage loans, Amorim said.

Equity

Housing Wire

NOVEMBER 12, 2024

billion in loans during the period — up 28% year over year. Over the past few months, the market has thrown our industry almost every curve ball imaginable,” Varun Krishna , CEO and director of Rocket Companies, told analysts during an earnings call on Tuesday. million loans, Rocket’s servicing operations generated approximately $1.5

Purchase and sale agreement

Housing Wire

MAY 19, 2025

The mortgage servicing industry faces significant challenges in managing cash flows efficiently. These loans are frequently sold to entities like Fannie Mae and managed by large companies. Now, overlay borrower behaviorsome loans are delinquent, some are prepaid, some have curtailments, etc. And were not even done.

Mortgages

Housing Wire

APRIL 24, 2025

The HECM Tool a software platform designed to serve as a reverse mortgage sales conversion tool announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platforms existing visualization and comparison capabilities.

Mortgages

Housing Wire

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. ” Fees from fulfilling correspondent loans for PMT totaled $5.3

Principal

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million.

Mortgages

Housing Wire

APRIL 1, 2025

Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry. The 2025 HousingWire Rising Stars have demonstrated exceptional leadership, expertise, and dedication to moving the industry forward.

Lending

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. Cash on hand lets you move quickly without worrying about loan or mortgage interest charges. Hard money loans are most commonly used for fix-and-flip loans.

Hard money loan

The Close

NOVEMBER 25, 2024

They usually find financing through hard money lenders or loans made just for flipping houses. The two main ways to dive into the house-flipping game are: Hard money loans : These loans offer faster approval and funding times than traditional mortgages. It’s common for flippers to aim for an ROI of 20%.

House Flipping

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? But not everyone can afford to put 20% down.

Loans

Marco Santarelli

DECEMBER 27, 2024

Fixed-Rate Mortgages: Choosing a fixed-rate mortgage, such as a 30-year fixed at an interest rate of 6% , means that the rate will remain stable for the duration of the loan. For example, a 7/1 ARM may feature a rate of 6% for the first seven years of the loan.

Fixed-rate mortgage

BAM Media

JANUARY 8, 2025

The Cost of Traditional Loans With traditional loans, lending fees typically range between 2-4% of the loan amount , on top of your down payment. Factor in additional benefits like principal reduction, cash flow , and depreciation, and the advantages become even more compelling. These fees are how lenders get paid.

Finance

Housing Wire

JANUARY 10, 2025

“Our clients appreciate their ability to internalize their core challenges, and apply their comprehensive industry knowledge to solving them.” Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting.

Principal

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Answers have been edited for brevity and clarity.

FHA 203k rehab loan

Marco Santarelli

JULY 21, 2025

Loan Types : Government-backed loans typically offer lower rates than conforming loans. They come with limits on loan amounts and borrower criteria which affect risk profiles. 15-Year Fixed Mortgage Rate : Stable around 5.90%. 5-Year ARM Mortgage Rate : Slight decrease to 7.76%. If rates drop to the predicted 6.4%

Mortgages

HomeLight

JULY 29, 2025

In this post, you can compare your monthly home loan or rent payment with the average mortgage payment in the U.S. This figure includes principal and interest based on current loan application data and assumes a 30-year fixed-rate mortgage. That’s because averages can be skewed by a small number of high or low payments.

Mortgages

Marco Santarelli

JULY 8, 2025

State-Level Regulations: Each state has its own set of rules governing the mortgage industry. Average Loan Size: This is a big one. States with higher home prices often have larger average loan sizes. States with higher home prices often have larger average loan sizes. Don't be afraid to negotiate and ask questions.

Mortgages

Marco Santarelli

MAY 14, 2025

Average Loan Size: The average loan size in a state can also impact rates. States with higher property values (and therefore larger loan amounts) might see different rates than states with smaller average loan sizes. Competition: Competition between lenders and across different loan types can drive rates up or down.

Mortgages

Marco Santarelli

JANUARY 1, 2025

This question is echoing throughout the industry as homebuyers, investors, and analysts attempt to gauge the future of the housing market. The principal factor influencing home prices is the classic law of supply and demand. Will real estate rebound in 2025? The anticipated 11.7%

Mortgages

Marco Santarelli

MAY 2, 2025

Average Loan Size: This one is pretty straightforward. State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Economic Factors: Local economic conditions, such as unemployment rates or industry downturns, can impact lender risk assessments and, consequently, mortgage rates.

Mortgages

Marco Santarelli

JUNE 16, 2025

Average Loan Size: The average loan amount also matters. In pricier states (like California), where loan sizes are bigger, lenders might adjust rates to reflect perceived risk or different market dynamics. State Regulations: Each state has its own set of rules and regulations governing the mortgage industry.

Mortgages

Housing Wire

APRIL 25, 2025

Executives at Rithm Capital , the parent of multichannel mortgage lender Newrez , said on Friday that the firm will not sacrifice earnings for growth, even amid the mortgage industry wave of consolidation represented by the Rocket Companies acquisition of Mr. Cooper Group. In total, funded loan volume totaled $11.8

Principal

Marco Santarelli

APRIL 5, 2025

I remember when I was first looking to buy, even a small change in the interest rate could have a significant impact on my budget over the life of the loan. You might qualify for a larger loan due to the lower interest rate, but finding a home within your budget at those inflated prices can still feel impossible.

Mortgages