Housing Wire

JANUARY 2, 2025

to 2,392 loans for the month, according to data compiled by Reverse Market Insight (RMI). They are issued by HUD once a HECM loan application has been submitted to the agency. Case number assignments and loan volume yields can ultimately diverge, but the former can often be predictive for the latter. They jumped by 11.3%

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Housing Wire

NOVEMBER 1, 2024

In the newest episode of the HousingWire Daily podcast , host Sarah Wheeler sits down with Freddie Mac ’s Sonu Mittal — the agency’s senior vice president and head of single-family acquisitions — to explore its recently announced alternative to loan repurchases , as well as appraisal waivers and how they address lender pain points in 2024.

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Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” It will also exclude broker-network borrowers from the company’s outbound marketing campaigns.

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Housing Wire

NOVEMBER 9, 2022

Home equity loans and home equity lines of credit (HELOCs) are both loan products that are secured by the equity on a borrower’s home. What is a home equity loan? Home equity loans have a fixed interest rate and a set schedule of fixed payments for the life of the loan. Read on to find out. Pros and cons.

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Housing Wire

DECEMBER 27, 2024

Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. Were seeing market headwinds, and not really seeing a lot of release in the rates. We’ll have those loans that come in where we have to look at every opportunity that we can to save that deal and help that client.

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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.

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Housing Wire

MAY 21, 2025

The rising cost of homeowners insurance coupled with the rising regularity of weather-related natural disasters is serving to erode the longstanding barrier between mortgage lenders and loan losses, according to a new report published by First Street.

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Principal Equity Banks Mortgages 288

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

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Housing Wire

JUNE 11, 2025

Meanwhile, Ventura described Fairway’s 2015 entrance into the reverse mortgage industry as a principal agent — and how the larger company aims to leverage its robust forward mortgage operations in its reverse pursuits. Of that number, just under 300,000 were rejected for the loan they applied for. Last year, more than 1.1

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Housing Wire

NOVEMBER 12, 2024

billion in loans during the period — up 28% year over year. Short-lived relief in mortgage rates led to a double-digit increase in mortgage production and gains in market share during the period, executives said. Despite the housing market being challenging, we are seeing signs of rejuvenation. It originated $28.5 months to 4.3

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Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. in after-market hours. year over year.

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Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

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Loans Fixed-rate mortgage Principal Renovation 450

Housing Wire

JULY 22, 2024

San Francisco -based private lender Kiavi announced Monday that it has closed another multimillion-dollar securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. million in short-term RTLs (aka fix-and-flip loans or bridge loans) across 18 transactions since 2019.

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Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. The revised LTVs could allow previously ineligible borrowers to have a renewed conversation about securing a loan, the company explained.

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Housing Wire

JANUARY 21, 2025

This could negate any profit potential from increased loan volume. To combat this, lenders should retain their servicing rights to collect the maximum amount of revenue throughout the loan’s life. Effective loan servicing positions servicers as reliable advisors for the homeowner.

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Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. For many investors, given the current state of volumes, it remains a niche market that doesn’t demand much attention.”

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? “The The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. By September, a full-fledged housing market recession had set in. over asking price.

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Housing Wire

DECEMBER 20, 2024

At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations.

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Housing Wire

NOVEMBER 15, 2024

“Our scalable tech platform is what empowers us to navigate dynamic markets with agility. ” Rocket’s strategic expansion into the mortgage servicing arena —where it boasts an eye-popping 85% recapture rate—also represents more than just a simple revenue hedge against a still-choppy originations market.

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Mortgages Equity Loans Principal 367

Housing Wire

JANUARY 31, 2025

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023. Its net revenue grew from $1.4 billion to $1.6 Pretax income for the final quarter of 2024 was $129.4

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Housing Wire

NOVEMBER 6, 2024

Our focus on achieving profitable, long-term market share gains, along with our balanced business model of originations and servicing, positions us for success throughout macroeconomic environments,” Schmidt said. “We billion in unpaid principal balance (UPB), but it recorded a net loss of $74.6 billion total at the end of June.

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Housing Wire

JUNE 10, 2025

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

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Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. The retail direct-to-consumer segment represents about half of the mortgage market, and while we’re already the No.

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Housing Wire

NOVEMBER 9, 2022

Garth Graham, senior partner and manager of merger and acquisition activities for the Stratmor Group , said many of the layoffs in the IMB industry so far have involved employees working in support positions, with loan officer jobs being the last to be jettisoned. Charting the loan officer exit.

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Housing Wire

JUNE 5, 2024

Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac , but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to recently released data and public filings. Breaking it down There was a total of $335.6

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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

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Those loans are going to be 20 points underwater, for the 3% to 3.5%

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Loans Debt-to-income ratio Banks Mortgages 384

Housing Wire

SEPTEMBER 28, 2022

Advisory and brokerage firm Prestwick Mortgage Group is out with three new mortgage-servicing rights (MSR) offerings for agency loan pools valued in total at $2.6 One of those MSR offerings involves a Ginnie Mae loan pool of 7,591 mortgages with valued at $2 billion based on the unpaid principal balance. Presented by: Branch.

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Housing Wire

MARCH 27, 2023

The deals, which include over $31 billion in single-family mortgage loans, are designed to reduce risk to taxpayers by increasing the role of private capital in the mortgage market. The loans in the pool are primarily fixed-rate, 30-year term, fully amortizing mortgages. These are the second and third CIRT deals of 2023.

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Loans Principal Mortgages Design 365

Housing Wire

APRIL 22, 2025

. “PennyMac Financial delivered solid first quarter financial results, demonstrating our ability to consistently generate strong returns in a volatile market, Pennymac chairman and CEO David Spector said in a statement. billion in unpaid principal balance, down 19% from the prior quarter and up 33% from Q1 2024. ”

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Housing Wire

JUNE 6, 2025

Tom O’Donoghue, principal with Reverse Loans Now , has multiple clients impacted by the recent wildfires and said the program would help. The program needs more exposure, but it is encouraging to see that reverse loans finally get some support in California regarding disasters,” O’Donoghue said. “The

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Housing Wire

AUGUST 1, 2024

Leaders at the Detroit-based Rocket Companies say they will continue to invest in artificial intelligence (AI) to gain operational efficiency and grow their servicing portfolio, creating opportunities for refinances and home equity loans down the road. They will also keep chasing purchase market share. “We’re Krishna said.

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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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Marketing Principal Banks Loans 406

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. It is not technically a loan but an option agreement. Yet, from the consumers perspective they are seen as akin to existing mortgage loans, Amorim said.

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Equity Principal Loans Mortgages 259

Housing Wire

MARCH 7, 2025

Its just introducing another unregulated security into the housing market as though 2008, 2009 didnt happen, the staffer told the outlet. The report also states that the idea is being championed by Irving Dennis, HUDs new chief financial officer and principal deputy. I dont see any way this will help anything.

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Housing Wire

JANUARY 4, 2024

If passed, House Bill 809 and its companion Senate Bill 1070 would bar insurance carriers from placing a coverage limit on a home that would include the value of the land the house sits on, and it would require insurance companies to offer policies that cover only the unpaid principal on a mortgage.

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Housing Wire

MARCH 5, 2024

For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market. With a HECM loan, the U.S. Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. Why are there two HECM interest rates used with HECM loans?

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