Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. In the case of FOA — the current industry leader — the earnings results were robust. While Ellington’s results were softer in comparison , company leaders remain bullish on profitability prospects for Longbridge and the wider industry.

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. Dan Ventura, the president of reverse mortgage lending at Fairway Independent Mortgage Corp. ,

Mortgages

Housing Wire

JUNE 6, 2025

As communities and organizations continue to reckon with the impact of the Los Angeles -area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost. The program’s eligibility guidelines explicitly include reverse mortgage borrowers.

Mortgages

Housing Wire

JANUARY 21, 2025

After years of high interest rates, and price spikes, mortgage lenders are optimistic heading into 2025. Fannie Mae predicts a 28% increase in mortgage originations to $2.1 The Mortgage Bankers Association (MBA) also predicts that total origination volume will increase by 28.5%

Mortgages

Housing Wire

MARCH 4, 2025

In an environment of high home prices and elevated mortgage rates , older homeowners taking a closer look at less expensive areas to make their money go further is not an isolated phenomenon. Make sure you research your options, said gerontologist Nancy Schier-Anzelmo, principal in Alzheimers Care Associates in an interview with Yonder.

Equity

Housing Wire

MARCH 3, 2025

HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries.

Finance

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

JUNE 10, 2025

Reverse mortgage lender and servicer Longbridge Financial , a no. 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.

Equity

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

MAY 19, 2025

The mortgage servicing industry faces significant challenges in managing cash flows efficiently. The velocity and complexity of mortgage transactions make it difficult to track and resolve discrepancies, often resulting in substantial cash flow variances. That is a significant mismatch. Investor accounting is no different.

Mortgages

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

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. The number of mortgage brokers approved to do business with PennyMac at the end of last year topped 4,850 an uptick of 19% from the end of 2023, the company shared. .” “[PennyMac] is well-rounded.

Marketing

Housing Wire

JUNE 18, 2025

It has already been approved by McCarthy Capital Mortgage Investors and is expected to close in the fourth quarter of 2025, pending customary closing conditions. Executives at Guild, a pure distributed retail mortgage lender, will remain in place, and the company will retain its brand. mortgage lender. mortgage lender.

Principal

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. Congress granted extinguishment power over mortgages, he wrote. It chose mortgages.

Banks

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

JULY 2, 2025

Hill had been serving as interim CFO and principal financial officer since April. In 2025, he was recognized by HousingWire as a Finance Leader for his contributions to the real estate and mortgage industries. Jesse Hill has been appointed chief financial officer (CFO) of eXp World Holdings Inc. , the company announced Tuesday.

Principal

Housing Wire

MARCH 11, 2025

is expanding into the residential mortgage business, and it’s picked up Sterling Point Advisors ‘ Jeff Juliane and Brett Ludden to lead the effort. Ludden and Juliane will focus on providing comprehensive advisory services to mortgage lenders, servicers and investors. Global consulting and actuarial firm Milliman Inc.

Mortgages

Housing Wire

NOVEMBER 12, 2024

Detroit-based Rocket Companies , the parent of Rocket Mortgage , saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in the third quarter of 2024. million in the fair value of its mortgage servicing rights (MSRs). The 30-year fixed mortgage rate has declined from nearly 8% a year ago.

Purchase and sale agreement

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. The companies offering them have often aimed to contrast these offerings with reverse mortgages, or other more traditional home equity tapping products like a home equity line of credit ( HELOC ).

Equity

Housing Wire

JULY 15, 2025

Editor in Chief Sarah Wheeler sat down with Bill Packer , chief operating officer at Longbridge Financial, to talk about the ways his company is using AI to serve reverse mortgage borrowers. Sarah Wheeler: Technology used to be siloed off from workflows, but that’s been changing in the mortgage industry.

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

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. The product line, known as SecureEquity, is available to homeowners as young as age 55.

Mortgages

Housing Wire

JANUARY 25, 2025

In this informative conversation, the duo touch on Newrez’s growth and acquisition strategies, the use of technology and artificial intelligence for client retention, and finding balance between mortgage servicing and origination activities. Sanchez: Newrez has a giant servicing business with $755 billion in unpaid principal balance.

Principal

Housing Wire

APRIL 21, 2025

All of our consumer and industry channel checks are telling us that consumers are in wait-and-see mode this spring, said Rick Palacios Jr., director of research and a managing principal at John Burns. As in prior surveys, mortgage rates remain a critical factor. The ‘magic rate’ remains at 5.5%

Principal

Housing Wire

NOVEMBER 1, 2024

The program is designed to be based on the UPB (unpaid principal balance), or the loan deliveries we receive in a specific quarter from the lenders, and the corresponding NAQ rate, which is the non-acceptable quality rate. We want to continue to see the right level of engagement from the industry when it comes to the loan quality.

Loans

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent?

Agents

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. billion in unpaid principal balance, down 19% from the prior quarter and up 33% from Q1 2024.

Principal

Housing Wire

APRIL 1, 2025

Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry. These standout professionals all 40 years old or younger are driving innovation, transforming their organizations, and shaping the future of real estate, mortgage, and fintech.

Lending

Marco Santarelli

DECEMBER 27, 2024

As of December 27, 2024, todays mortgage rates reflect a notable increase, with the average 30-year fixed mortgage rate at 6.85%. For those considering buying or refinancing a home, comprehending the current mortgage environment is essential. Borrowers can select between fixed-rate mortgages and adjustable-rate mortgages (ARMs).

Fixed-rate mortgage

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 loan

Inman

JUNE 6, 2025

Tune in to Inman Access as Jeff Tucker, principal economist at Windermere Real Estate, walks agents through client communication strategies.

Principal

Marco Santarelli

JULY 21, 2025

As of today, July 21, 2025, mortgage rates show a slight decrease or stability in most categories, with the national average 30-year fixed mortgage rate holding steady at 6.87% , down just 0.01% from the previous week. 15-Year Fixed Mortgage Rate : Stable around 5.90%. 5-Year ARM Mortgage Rate : Slight decrease to 7.76%.

Mortgages

Housing Wire

OCTOBER 31, 2024

He is overseeing the sizable government portfolio of mortgage-backed securities (MBS) while navigating the company’s stated need for more budgetary resources. The industry has also been strongly supportive of our budget requests.” He became principal EVP in 2023 before being named acting president upon McCargo’s resignation.

Principal

Housing Wire

JANUARY 10, 2025

Incenter Lender Services , a group of companies that help nonbank and depository mortgage lenders nationwide, announced this week the hiring of two new vice presidents. “Our clients appreciate their ability to internalize their core challenges, and apply their comprehensive industry knowledge to solving them.”

Principal

The Close

NOVEMBER 25, 2024

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. Rehab loans: These include home equity lines of credit (HELOCs), HomeStyle renovation mortgages, 203(k) rehab loans, or CHOICERenovation loans.

House Flipping

Seattle Times Real Estate

JULY 5, 2025

The prices are kind of defying gravity,” said Windermere principal economist Jeff Tucker. Many homeowners are sitting on rock-bottom mortgage rates secured early in the pandemic, lessening the incentive to move quickly. For many, the prices have simply soared out of reach, especially as mortgage rates average nearly 7%.

Technology

Marco Santarelli

JULY 8, 2025

You’re probably wondering where to snag the best deal on a mortgage. As of July 8, 2025 , the states boasting the cheapest 30-year new purchase mortgage rates are New York, California, Connecticut, Florida, Colorado, New Jersey, Tennessee, Texas, and Washington. Why Do Mortgage Rates Vary So Much by State? Be very careful.

Mortgages