Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Housing Wire

OCTOBER 30, 2024

I think we’re going to get ourselves more to what I’ll say is the market on a normalized basis,” Newrez President Baron Silverstein told analysts in an earnings call on Tuesday. But executives expect things to calm down moving forward. “I

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Housing Wire

NOVEMBER 5, 2024

Chief financial officer David Hayes said in a statement that in the third quarter, there was a “modest improvement in the mortgage market, coupled with the company’s positive operating leverage,” which fueled the return to profitability. “As In September, it hired military advocate Bryan Bergjans to boost its lending capacity in the U.S.

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Housing Wire

DECEMBER 20, 2024

The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. This partnership has become a fruitful one, according to Bill Mitchell, chief revenue officer at LoanPASS.

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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 (..)

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Housing Wire

JANUARY 10, 2025

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. I develop, direct, and provide strategic vision for sales and marketing plans for mortgage products and services,” according to her bio.

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Housing Wire

JUNE 20, 2024

million in senior notes due in the fourth quarter of 2025, resulting in new debt with a higher interest rate and a shorter maturity period than usually seen in the market for similar companies. million in aggregate principal of 2028 senior notes held by Artemis Management LLC. This includes $340.6

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Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” According to John Bosley, president of mortgage lending at Planet Home Lending , the idea that 95% of firms will qualify for the new risk-based capital rule is a “little bit disingenuous.”

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Housing Wire

JULY 12, 2024

“Consumers have benefited from a strong labor market and wage increases. The performance of our consumer auto portfolio continued to improve, reflecting prior credit tightening actions, and we had net recoveries in our home lending portfolio.” Generating revenues Home lending activity brought in $1.3 ”

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Housing Wire

APRIL 24, 2024

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

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Housing Wire

JUNE 18, 2024

million in aggregate principal amount available for 30 days to cover over-allotments. The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments. .”

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Housing Wire

MARCH 6, 2023

“We’ve seen a consistent theme of potential sellers – many with first-lien rates a full 3 percentage points below today’s offerings – pulling back from putting their homes on the market,” Walden said. of the median household income to make the monthly principal and interest payments on the average home purchase. In 2022, about $2.4

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Housing Wire

JANUARY 13, 2022

Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. . The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp. , We’re approaching … a peak [in the market] again,” said Piercy. It is a $6.23

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Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending. They are bound to do more.

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Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

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Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

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Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 a week earlier.

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Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. A less volatile market? The consumer-price index rose 8.6% mortgage industry to fund $4.1 trillion in 2023.

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Housing Wire

JANUARY 10, 2022

Currently, the lender ranks sixth place among the top wholesale lenders in the nation, though its rebranding could signal that PennyMac is looking to increase its market share in the wholesale lending space. In the wholesale lending space, there has been a notable push to entice brokers to come onboard. As of Sept.

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Housing Wire

SEPTEMBER 19, 2022

A perfect lending storm spurred by the pandemic resulted in an absolutely stunning year for the mortgage industry in 2020. Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. overall market share in 2021, up from 38.9%

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Housing Wire

JUNE 28, 2024

It initially sought members with expertise in fields such as fair lending, fair housing, civil rights, capital markets, investments, single-family and multifamily lending, community advocacy, Low-Income Housing Tax Credits , research and more. The FHFA began soliciting applications for the committee in September 2023.

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Housing Wire

APRIL 8, 2022

Gulotta has spent more than three decades on mortgage operations and wholesale sales, with stints at Movement Mortgage , Figure , Premier Lending , Quicken Loans (now Rocket Mortgage ), and Wells Fargo. “I This is the company that helped pioneer today’s non-QM market, and they continue to advance the industry.”.

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Housing Wire

OCTOBER 2, 2023

Prices in nearly half of the nation’s 50 largest markets climbed by 0.75% or more. Purchase loans comprised about 82% of overall mortgage lending in 2023 and ICE forecasts purchase lending to continue to dominate the market through next year.

Mortgages 448

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

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Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). This nation is in an affordable housing crisis and manufactured housing will be a key part of the solution,” said Lopa Kolluri, principal deputy assistant secretary for housing and the FHA.

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Housing Wire

AUGUST 12, 2024

California -based HighTechLending , a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

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Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

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Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets.

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Mortgages Lending Banks Investor 448

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

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Housing Wire

AUGUST 1, 2024

is doubling down on the reverse mortgage space by entering into an agreement to acquire the reverse lending assets of Mortgage Assets Management (MAM) from Waterfall Asset Management. Servicing unpaid principal balance (UPB) and subservicing UPB increased by 6% and 10%, respectively, compared to the end of 2023.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

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Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. In its 4th year, 40 honorees were recognized.

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Housing Wire

MARCH 1, 2021

With low interest rates and a booming refinance market, it is natural that loan officers and brokers are focused on agency loans and also a thriving purchase market. It is to the point where the QM market is saturated with increasing competition; there are limited resources to handle the demand,” he said. “We Poised for Growth.

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Housing Wire

JULY 20, 2023

The consensus is that the change would primarily affect the shrinking jumbo market (loans greater than $726,200) and hurt regional banks , sources said. According to George, the rule would impact only the jumbo market, a very high credit quality market. That’s 20 basis points higher than the international standard.

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Mortgages Banks Marketing Residential 370

Housing Wire

DECEMBER 7, 2023

Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic. Watch Now Wednesday CEO Playbook Loan Depot Speakers: Frank Martel, CEO, loanDepot.

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Housing Wire

MARCH 25, 2022

Presented by: Acra Lending. Pennymac has said it is making an effort to boost its consumer direct lending business. The company estimates its market share in the consumer direct channel was 1.4% in correspondent production, where it is the market leader. of the market. in 2021, compared to 2.3%

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Housing Wire

SEPTEMBER 1, 2023

Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward. This year 75 honorees were honored as HW Insiders. Congratulations to the 2023 HW Insiders!

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