Housing Wire

APRIL 17, 2025

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023, according to the Mortgage Bankers Association (MBA)’s annual Mortgage Bankers Performance Report.

Loans 320

Loans Banks Mortgages Industrial 320

Housing Wire

NOVEMBER 11, 2024

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. Better is now offering the well-known Interest Rate Reduction Refinance Loan (IRRRL) through the U.S.

Closing costs 334

Closing costs Loans Closing VA loan 334

Housing Wire

APRIL 8, 2025

Refinances made up a quarter of all lock activity for the first time in six months, and we saw a clear rise in non-conforming loan share as buyers looked for more flexible options and higher loan amounts. The pull-through rate for refinance loans rose to 63.3%, indicating stronger borrower commitment compared to earlier months.

Loans 264

Loans Debt-to-income ratio VA loan FHA loan 264

Housing Wire

NOVEMBER 8, 2024

Side filed a temporary restraining order on Wednesday against Tal and Oren Alexander, accusing the brothers of moving the underlying collateral on a loan that Side extended to Official Partners prior to the rape accusations against the Alexanders.

Loans 357

Loans Principal Brokerage 357

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Bristol has a federal registration and has given the lender the flexibility to bring on loan officers who are not yet licensed. “Our goal is to be No.

Loans 360

Loans Mortgages Loan Officer Technology 360

Housing Wire

DECEMBER 5, 2024

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. And the company ranked 45th among the nation’s largest lenders in 2023, originating 6,845 loans for $2.12 Experience.com ranked Highlands Residential as the No.

Residential 347

Residential Construction Loans Mortgages 347

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 254

Loan Officer Loans VA loan FHA loan 254

Housing Wire

APRIL 16, 2025

Equity Smart Home Loans made a splash Wednesday by announcing it is severing ties with United Wholesale Mortgage (UWM) and partnering with Rocket Pro. A lot of our loan officers are struggling. So we’re behind our loan officers, our consumers come first,” Martinez said during the interview.

Equity 208

Equity Loans Loan Officer Mortgages 208

Housing Wire

APRIL 9, 2025

” Continued Kan, “Refinance applications rose by 35% to the highest level in six months, as borrowers with larger loan sizes tend to be more sensitive to rate changes. The average refinance loan size jumped to its second highest in the survey at $399,600. of total applications. from 14.4% from the week prior.

Fixed-rate mortgage 463

Fixed-rate mortgage Mortgages Loans VA loan 463

Housing Wire

APRIL 10, 2025

In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management. HW: Arbor has an in-house loan servicing platform, which every lender doesn’t offer. Sellers and servicers can be in continuous contact with their borrowers throughout the loan’s lifecycle.

Investor 462

Investor Commercial Finance Loans 462

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 540

Fixed-rate mortgage Bankruptcy Loans Commercial 540

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

Mortgages 450

Mortgages Loan Officer Loans Technology 450

Housing Wire

OCTOBER 15, 2024

It also must provide $7 million for a home loan subsidy program in majority-Black neighborhoods, and it must pay at least $1 million to serve the neighborhoods it redlined , according to the terms of the agreement released on Tuesday. billion in home loan production. million civil penalty. The company ranked No. This compared to 12.2%

Lending 465

Lending Loan Officer Loans Finance 465

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

FHA loan 418

FHA loan Mortgages Equity Loans 418

Housing Wire

OCTOBER 17, 2024

The average number of preapproved borrowers per loan officer decreased slightly to 28.5 The average preapproval loan amount increased by 26% to $388,215 in Q3, up from $308,681 in Q2. Conventional loans comprised 76% of the mix for preapproved borrowers while all other loan categories stayed consistent.

Loan Officer 467

Loan Officer Loans Sales Mortgages 467

Housing Wire

MARCH 12, 2025

As we enter the spring homebuying season, the purchase index was more than 4% higher than a year ago, and activity was up across all loan categories. Additionally, average loan sizes were higher, with the purchase loan amount hitting $460,800, the highest in the survey dating back to 1990. of total applications from 43.8%

Fixed-rate mortgage 423

Fixed-rate mortgage Mortgages Loans Marketing 423

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.

Investor 447

Investor New Construction Construction Loans 447

Housing Wire

JANUARY 23, 2025

billion in total or as much as $1,692 per loan. The report found that the state that could experience the most savings per transaction would be Texas at a savings of $1,692 per loan, followed by Florida ($1,275 per loan), and New Mexico ($978 per loan). The pilot program is slated to run through May of 2026.

Title 467

Title Land Loans Closing costs 467

Housing Wire

MARCH 5, 2025

The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months, he shared. Conventional refinance applications rose 34% and government refinance applications increased by 42% over the week. ” The refinance share of mortgage activity increased to 43.8%

Fixed-rate mortgage 505

Fixed-rate mortgage VA loan Mortgages Loans 505

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

Mortgages 521

Mortgages Marketing Lending Finance 521

Housing Wire

DECEMBER 11, 2024

Data at HousingWire ‘s Mortgage Rates Center showed an average rate of 6.85% for 30-year conforming loans on Wednesday, a slight decrease from the week ending Dec. Government loan activity saw a slight jump. Department of Veterans Affairs (VA) loans followed suit, jumping 270 bps to 16.3% of all applications.

As-is 390

As-is VA loan Mortgages Loans 390

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. In October 2023, FOA announced a rollout of HomeSafe Second to an expanded pool of direct retail loan officers and wholesale brokers.

Mortgages 414

Mortgages Equity Loan Officer Loans 414

Housing Wire

FEBRUARY 6, 2025

New data released Thursday by the Mortgage Bankers Association (MBA) revealed that the delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of 2024. Department of Veterans Affairs loans. And likewise, it’s gone up for VA.

VA loan 346

VA loan FHA loan Debt-to-income ratio Loans 346

Housing Wire

OCTOBER 25, 2024

A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase. And according to Zillow Home Loans Senior Economist Orphe Divounguy, homeownership may be more within reach than most renters think. In some of the U.S.’s

Pre-approval 476

Pre-approval Loans Mortgages Equity 476

Housing Wire

OCTOBER 15, 2024

The pilot program incentivizes borrowers of Fannie-backed multifamily loans to accept vouchers as a valid source of income. Fannie said that about 30% of voucher holders are unable to find housing that accepts their vouchers as income.

Property Management 466

Property Management Loans Marketing As-is 466

Housing Wire

OCTOBER 30, 2024

The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

Lending 444

Lending Loan Officer Banks Loans 444

Housing Wire

NOVEMBER 20, 2024

The new partnership begins in January and aims to expand economic opportunities in low—and moderate-income, diverse and underserved communities through loan subsidies, grants and donations. and we are honored to support these efforts through our loans, investments and grants.” million to certain California markets.

Loan Officer 411

Loan Officer Lending Banks Loans 411

Housing Wire

DECEMBER 18, 2024

Market data at HousingWire ‘s Mortgage Rates Center showed an average fixed rate of 6.87% for 30-year conforming loans on Wednesday, a slight increase from the week ending on Dec. ” Refinance application activity across all loan types decreased 3% week over week, although it was still 41% higher compared to the same week in 2023.

VA loan 365

VA loan Mortgages FHA loan Loans 365

Housing Wire

OCTOBER 28, 2024

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination.

Inspection 435

Inspection Mortgages Technology Lending 435

Housing Wire

DECEMBER 3, 2024

Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Fortunately, home buying doesn’t have to remain confusing for new buyers.

Finance 389

Finance Technology Loans Brokerage 389

Housing Wire

DECEMBER 17, 2024

Conventional loans accounted for 61.6% of applications, Federal Housing Administration (FHA) loans for 28% and U.S. Department of Veterans Affairs (VA) loans for 9.9% The average loan size for new homes decreased to $402,873, down from $409,942 in October. from the 56,000 sales in October. in November.

FHA loan 381

FHA loan VA loan Mortgages Loans 381

Housing Wire

OCTOBER 31, 2024

According to data released Thursday by the Mortgage Bankers Association (MBA), the median payment for purchase loan applicants declined by 0.8% The average mortgage payment declined in spite of an increase in the median loan size for purchase applicants, which went from $320,100 in August to $328,000 in September.

FHA loan 426

FHA loan Mortgages Loans As-is 426

Housing Wire

APRIL 2, 2025

A bounty on UWM loans in Mr. Cooper’s servicing grasp Effective Tuesday, UWM no longer has any relationship with Mr. Cooper , Ishbia said. “They will never have a loan of ours again,” Ishbia said. UWM will be using Cenlar to subservice loans and eventually plans to bring it in-house. ”

Loans 417

Loans Agents Mortgages Closing 417

Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times. VeriTitle is available via an API and can be integrated into widely used loan origination and point-of-sale systems.

Title 325

Title Equity Loans Closing 325

Housing Wire

JANUARY 28, 2025

Service transfer borrowers moved their loans to Mr. Cooper for servicing between February 2011 and December 2017. Service transfer borrowers faced significant turmoil once their loans were transferred in bulk to Mr. Cooper for servicing. Cooper for servicing.

Inspection 416

Inspection Loans Mortgages As-is 416

Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

FHA loan 328

FHA loan VA loan Mortgages Loans 328

Housing Wire

NOVEMBER 13, 2024

The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. million in cash, restricted cash, short-term investments and self-funded loans. The company posted an adjusted EBITDA loss of $38.7

Mortgages 353

Mortgages Loan Officer Loans Technology 353