Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Debt-to-income ratio 417

Debt-to-income ratio Loans VA loan FHA loan 417

Housing Wire

FEBRUARY 11, 2025

Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. The availability of funding at the local level is the driving force in building stronger communities.

Lending 389

Lending Development Banks Loans 389

Housing Wire

FEBRUARY 4, 2025

Cornerstone Capital Bank , a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week. ” The Community Lending Division will offer mortgage programs and products tailored to benefit underserved borrowers.

Lending 343

Lending Banks Mortgages Loans 343

Housing Wire

JANUARY 30, 2025

Sage Home Loans Corp. recently hired Bijoy John as its new senior vice president of marketing. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email.

Loans 377

Loans Marketing Lending Banks 377

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Loan details needing attention are routed to a professional for a better borrower experience.

Loans 426

Loans Investor Closing Lending 426

Housing Wire

DECEMBER 19, 2024

Planet Home Lending announced Thursday that it has hired Candice McNaught as senior vice president of business development and strategic initiatives for its distributed retail channel. She formerly held posts at Supreme Lending and NFM Lending. ” McNaught said she joined Planet because of its commitment to loan officers.

Lending 392

Lending Loan Officer Loans Mortgages 392

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 292

Lending Equity Banks Construction 292

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. She joins the company’s leadership team to further its presence and performance in the Washington market. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 392

Lending Mortgages Loan Officer Loans 392

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. I believe the concerns for the market at this point are dramatically related to geographics. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans.

Debt-to-income ratio 330

Debt-to-income ratio Loan Officer Marketing Loans 330

Housing Wire

NOVEMBER 20, 2024

Mortgage professionals must keep up with the new demand for home equity products in the new market. Jonathan Scarpati: I started with Senior Lending Network out of New York. JS: The home equity wealth of our senior homeowners now exceeds 14 trillion, reflecting a growing market. Also, many loan originators go against the grain.

Equity 370

Equity Finance Marketing Lending 370

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

Loans 340

Loans Mortgages Equity Construction 340

Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. billion in home loan production. million people — Fairway had three retail loan offices and three desks in real estate offices, all in majority-white areas.

Lending 461

Lending Loan Officer Loans Finance 461

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

OCTOBER 28, 2024

The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans 392

Loans Mortgages Technology Development 392

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

Lending 440

Lending Loans Loan Officer Equity 440

Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. More renovations?

Loan Officer 322

Loan Officer Loans VA loan FHA loan 322

Housing Wire

OCTOBER 15, 2024

In the newest episode of the PowerHouse podcast, HousingWire CEO Clayton Collins sits down with Greg Schwartz, CEO of Tomo , to discuss market recovery indicators and Tomo’s recent investments in artificial intelligence (AI). Collins points out that purchase lending is generally more stable than refinances.

Loans 251

Loans Marketing Technology Mortgages 251

Housing Wire

JANUARY 30, 2025

In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. Davis: Either you take market share or someone takes yours, right? trillion, followed by auto loans at $1.1

New Construction 334

New Construction Construction Marketing Investor 334

Housing Wire

NOVEMBER 20, 2024

Fair Lending Act. According to the document, HSBC allegedly engaged in discriminatory lending practices in majority Black and Hispanic neighborhoods in six U.S. and we are honored to support these efforts through our loans, investments and grants.” HSBC has committed $10 million in loan subsidies, including $3.5

Loan Officer 411

Loan Officer Lending Banks Loans 411

Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

Mortgages 426

Mortgages Equity Loan Officer Loans 426

Housing Wire

APRIL 28, 2025

Texas-based analytics and decision management company LENDEM Solutions announced that Krish Dhokia, a former mortgage marketing leader at Kind Lending and Fairway Independent Mortgage Corp. , has been hired as its new chief marketing officer. Dhokia shared the news over the weekend via LinkedIn.

Lending 370

Lending Technology Mortgages Loans 370

Housing Wire

JANUARY 12, 2025

During the 10-minute conversation, Pieklo explores his new focus on developing AFR’s wholesale lending strategy, the competitive landscape of the mortgage market, and the company’s unique approach to differentiating itself from other big names in the wholesale space. They didn’t really get into “vanilla loans.”

Mortgages 301

Mortgages Marketing Lending Loans 301

Housing Wire

MARCH 25, 2025

What’s the deal with all the discussion across the lending community about the fluctuation of the loan officer population recently? There have been social media posts and editorials debating the current total number of loan officers, whether the population has decreased, and if so, by how much.

Loan Officer 228

Loan Officer Loans Mortgages Industrial 228

Housing Wire

APRIL 28, 2025

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

Marketing 362

Marketing Principal Loans Mortgages 362

Housing Wire

FEBRUARY 10, 2025

Kiavis expansion into these 13 additional markets provides an immediate opportunity to equip more real estate investors with the fast, reliable, and transparent capital they need to create move-in ready housing while scaling their businesses, Arvind Mohan , CEO of Kiavi , said in a statement. In 2024, Kiavi reportedly originated a record $6.5

Lending 317

Lending New Construction Residential Investor 317

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? ” The post-pandemic market was a utopia for aspiring homebuyers and mortgage brokers in the market, and some probably still reminisce about those times today. Acra Lending has done precisely that. billion to $3.47 billion in fundings.

Lending 300

Lending Technology Loans Mortgages 300

Housing Wire

APRIL 10, 2025

Americas housing market isnt just cooling its frozen in place. Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. Servicing portfolios are clogged with long-dated, low-yield loans that strain balance sheets.

Design 264

Design Marketing Fixed-rate mortgage Finance 264

Housing Wire

APRIL 8, 2025

UWM will integrate Google Cloud AI and machine learning tools into its lending platform, enhancing underwriting automation, streamlining document processing, and improving client support with AI-driven chat experiences. ” The tech giant is also working with capital markets , insurance companies.

Mortgages 494

Mortgages Lending Loans Technology 494

Housing Wire

APRIL 17, 2025

mortgage lender United Wholesale Mortgage (UWM) on Wednesday became the target of a lawsuit from the Ohio Attorney General, Dave Yost, who claims UWM conspired with mortgage brokers to steer loans and rip off consumers in Ohio. Rather, they were ensnared in UWMs scheme, and steered, without their knowledge, to UWMs higher-priced loans.”

Lending 389

Lending Loans Mortgages Residential 389

Housing Wire

MARCH 3, 2025

These leaders have demonstrated exceptional expertise in financial strategy, capital management, and operational efficiency, helping their organizations navigate an evolving market landscape and drive sustainable growth. Take a look at the full list of this year’s honorees below.

Finance 406

Finance Lending Principal MLS 406

Housing Wire

MARCH 30, 2025

However, the data references Freddie Mac ‘s Serious Delinquency levels on multifamily loans. These loans pertain to multifamily mortgages, which are used for commercial properties with five or more units, such as apartment buildings. But as we can see in the chart below, the data clearly identifies these as multifamily loans.

Fixed-rate mortgage 541

Fixed-rate mortgage Bankruptcy Loans Commercial 541

Housing Wire

DECEMBER 10, 2024

OneTrust Home Loans , a DBA of CalCon Mutual Mortgage LLC based in San Diego , Calif., announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. Bodner, a 20-year mortgage professional, previously served OneTrust as a VP and reverse mortgage planner.

Lending 370

Lending Loans Mortgages Technology 370

Housing Wire

APRIL 22, 2025

housing market, with more listings hitting the market and warmer weather making it easier for buyers to tour homes and explore their options. Here are three strategic areas that deserve renewed focus: Refocus on purchase lending With refinance volume shrinking, lenders must realign operations around purchase demand.

Loan Officer 372

Loan Officer Finance Loans Mortgages 372

Housing Wire

DECEMBER 12, 2024

Every title company wanted a great piece of the current refi market and most would do about anything to obtain it.The problem; almost all were late to the party and not prepared. Unfortunate for most, whereas a few had prepared, most did not see the magnitude of this market anomaly! Consumers were refinancing in astronomical numbers!

Title 367

Title Marketing Banks Loans 367

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release. John Hummel Prior to joining U.S.

Banks 449

Banks Lending Loan Officer Loans 449

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20.

Lending 451

Lending Brokerage Loan Officer Loans 451

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 437

Lending Technology Loans Mortgages 437