Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. Finance a loan, and you may lose money.

Loans 288

Loans Mortgages Equity Construction 288

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. including affiliated Rushmore Loan Management Services ) and Flagstar s servicing assets.

Mortgages 339

Mortgages Loans Banks Industrial 339

Housing Wire

MAY 21, 2025

Mortgage applications decreased 5.1% from a week earlier, according to data from the Mortgage Bankers Associations (MBA) Weekly Mortgage Applications Survey for the week ending May 16, 2025. The refinance share of mortgage activity increased to 36.6% The adjustable-rate mortgage (ARM) share of activity decreased to 7.1%

Fixed-rate mortgage 360

Fixed-rate mortgage Mortgages Loans Investor 360

Housing Wire

DECEMBER 3, 2024

Global analytics software leader FICO on Tuesday announced the launch of the first-ever government-issued mortgage-backed security (MBS) with loans originated using FICO Score 10 T. The MBS pool was issued by Cardinal Financial and included loans from the U.S. In October, Cardinal started using the model to originate VA loans.

VA loan 382

VA loan Mortgages Loans Lending 382

Housing Wire

JUNE 13, 2025

The non-QM space has long provided a valuable path for foreign nationals and global investors to purchase property in the United States. Even more importantly, non-QM serves international investors and domestic borrowers with unconventional portfolios. debt-to-income (DTI) ratio (33.3% percent and 6.2

Due diligence 412

Due diligence Lending Investor Loans 412

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 367

Mortgages Investor Loans Principal 367

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. The funding round was led by prior investors Ribbit Capital , DST Global and NFX along with new investor Progressive Insurance.

Closing 329

Closing Mortgages Investor Loan Officer 329

Housing Wire

MARCH 20, 2025

Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding.

Mortgages 305

Mortgages Investor Inspection Loans 305

Housing Wire

JUNE 9, 2025

Unlike the pre-2008 era, stricter lending standards and robust regulations have kept mortgage delinquency rates low, significantly lowering the odds of a catastrophic collapse. In 2008, DTI ratios averaged 43%, leaving borrowers vulnerable to payment shocks from risky adjustable-rate mortgages as home values plummeted. The 2025 U.S.

Marketing 433

Marketing Debt-to-income ratio Fixed-rate mortgage Loans 433

Housing Wire

NOVEMBER 1, 2024

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation , home renovation and student loan repayment. Investors, meanwhile, are leveraging the option to expand their property portfolios. Its closed-end second-lien product goes up to $500,000 with an 80% LTV cap.

Equity 376

Equity Debt-to-income ratio Mortgages Investor 376

Housing Wire

NOVEMBER 4, 2024

With mortgage rates back into the 7% range and several consecutive weeks of reduced demand , Rocket Mortgage is making what appears to be a volume play. A company spokesperson confirmed that the credit can be used for both purchases and refinances on conventional, VA and FHA loans. 12 third quarter earnings report.

FHA loan 369

FHA loan Mortgages Marketing Loans 369

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 440

Industrial Mortgages Closing costs Lending 440

Housing Wire

MAY 12, 2025

The mortgage market might still be sluggish, but for originators willing to look beyond the traditional, theres real momentum building in the non-QM space. From your perspective, what (big picture) conditions are driving demand for closed-end second loans, home equity loans and HELOCs right now? Homes across the U.S

Loans 279

Loans Investor Renovation Equity 279

Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

Mortgages 367

Mortgages Equity Loans Principal 367

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month.

Lending 421

Lending Loan Officer Banks Loans 421

Housing Wire

JANUARY 17, 2025

In a changing real estate market , mortgage lenders face increasing demand. If high mortgage rates and increased liquidity management arent challenging, then regulatory changes, operation inefficiencies, and economic uncertainty are enough. This occurs while they manage the heavy loan of growing origination demand.

Marketing 356

Marketing Residential Commercial Loans 356

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

New Construction 421

New Construction Investor Construction Loans 421

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. Loan amounts, however, cannot exceed conforming limits. Is the juice worth the squeeze?

Equity 421

Equity Loans Mortgages Loan Officer 421

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending.

Mortgages 387

Mortgages Title Lending Loans 387

Housing Wire

APRIL 30, 2025

If the mortgage industry had a mantra at the start of last year, it was something like: Just survive to get to 2025. But now heres 2025, and its clear that mortgage rates arent falling the way wed hoped, and the market is going to take more time than we thought to find its new normal.

Mortgages 315

Mortgages Industrial Loans Technology 315

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. Banker and broker yield spread premiums are offered too.

Mortgages 244

Mortgages Commercial Lending Loans 244

Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. primary mortgage servicer at the end of June, handling $166.7

Investor 449

Investor Mortgages Banks Principal 449

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. As of April 22, the platform had 272 sponsored loan officers across 90 branches, according to the Nationwide Multistate Licensing System (NMLS). billion in 2022, $4.2

Loan Officer 370

Loan Officer Equity Loans Brokerage 370

Housing Wire

OCTOBER 28, 2024

Optimal Blue on Monday announced three major product releases — the expansion of its artificial intelligence (AI) assistant suite, the introduction of Scenario Optimizer, and the free availability of Investor Pricing Insight to investor clients. ” The announcements were made at MBA Annual in Denver. .

Loan Officer 393

Loan Officer Investor Loans Mortgages 393

Housing Wire

JANUARY 9, 2025

But in instances where these payments may not be enough to make ends meet, other options should be considered and in the right situation, a reverse mortgage could be one such option. A reverse mortgage is a possibility for seniors with substantial equity in their homes, the column stated. This will reduce how much your heirs receive.

FHA loan 367

FHA loan Mortgages Equity Closing costs 367

Housing Wire

AUGUST 2, 2024

Santa Ana, California-based mortgage services and data firm Consolidated Analytics announced on Friday that it has acquired the assets of investor claims and loss-analysis company Investor Claim Solutions (ICS). Consolidated Analytics is a private company and terms were not disclosed. Department of Veterans Affairs (VA), U.S.

Investor 407

Investor Mortgages Technology Loans 407

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I million delinquent mortgages as of the end of the second quarter of 2024, just slightly below the 2.3 The MBA data show about 2.2

Bankruptcy 421

Bankruptcy Equity Hard money loan Finance 421

Housing Wire

AUGUST 13, 2024

Kiavi , a San Francisco-based lender for residential real estate investors , announced on Tuesday the closing of a $400 million rated securitization of residential transition loans (RTLs) in an “oversubscribed” transaction. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Investor 418

Investor Principal Mortgages Residential 418

Housing Wire

MAY 19, 2025

The mortgage servicing industry faces significant challenges in managing cash flows efficiently. In real terms, the crux of the problem isnt so much inefficiencies as it is transparency into the extent of the problem in investor accounting, what you dont know can hurt you. Investor accounting is no different.

Mortgages 214

Mortgages Investor Loans Banks 214

Housing Wire

DECEMBER 30, 2024

New relationships are forming between insurers seeking long-term debt investments and managers specializing in origination, securitization, and sale of mortgage -backed securities. Non-QMs are attractive because they have strong credit quality, low loan-to-value ratios, and stable origination volumes.

Banks 384

Banks Due diligence Residential Investor 384

Housing Wire

APRIL 8, 2025

Fairway Independent Mortgage Corp. announced the incorporation of hybrid e-closings for reverse mortgages on Tuesday, aiming to incorporate its experience with the technology on the forward side of the mortgage business into its reverse mortgage division for the first time. Fairway Independent Mortgage Corp.

Closing 257

Closing Mortgages Lending Technology 257

Housing Wire

MAY 16, 2025

Reverse mortgage originators often remain a key point of contact for their clients from initial consultation to long after the loan closes. Second appraisals In September 2018, the Federal Housing Administration (FHA) announced a new requirement for HECM lenders that resulted in some loan applications requiring a second appraisal.

Mortgages 259

Mortgages Loans Closing Equity 259

Housing Wire

MAY 19, 2025

Non-QM (Non-Qualified Mortgage) lending has become essential to todays mortgage landscape, providing solutions for creditworthy borrowers who fall outside traditional lending criteria. The profile for Non-QM typically has FICOs in the mid-700s and 70% loan-to-value (LTV) ratios, with strong pay histories.

Lending 199

Lending Loans Due diligence Investor 199

Housing Wire

OCTOBER 25, 2024

Based on the latest readings, inflation is consistently decreasing, reacting as expected to the Federal Reserve ’s interest rate hike campaign that sent mortgage rates higher than they have been since the start of the millennia. Indeed, Atlas Merchant Capital, A&D Mortgage and Imperial fund recently announced a joint venture partnership.

Lending 441

Lending Investor Mortgages Loans 441

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. The “Open Road” product series includes seven mortgage offerings tailored to self-employed individuals, real estate investors and international homebuyers.

Finance 266

Finance Lending Investor Loans 266

Housing Wire

JUNE 12, 2025

has entered into an agreement to acquire HomeXpress Mortgage Corp. adding a mortgage origination platform to its portfolio. National lender HomeXpress specializes in nonqualified mortgages (non-QMs), business-purpose loans for real estate investors and other nonagency mortgage products.

Loan Officer 272

Loan Officer Principal Loans Mortgages 272

Housing Wire

NOVEMBER 4, 2024

Global credit rating agency Morningstar DBRS last week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), confirming the ranking the company was assigned this past summer ahead of its earnings call this week. In 2023, the company originated more than 8,700 reverse mortgages totaling more than $1.6

Loans 381

Loans Finance Equity Residential 381