Housing Wire

OCTOBER 31, 2024

The Nationwide Multistate Licensing System (NMLS) shows that Michigan-based brokerage firm Next Door had 61 sponsored loan officers as of Thursday, along with four branches in Arizona, Nevada, Ohio and Texas. Before that, he spent six years at Quicken Loans. AIME named Haddad as chairman and CEO in January to replace Katie Sweeney.

Lending

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

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%

Mortgages

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.

Industrial

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.

Principal

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.

Loans

Housing Wire

JULY 14, 2025

the parent of Guild Mortgage , has left loan officers wondering how the traditionally purchase-focused lender would integrate refinance capabilities to leverage the $770 billion servicing portfolio of soon-to-be sister company Lakeview Loan Servicing , the nation’s second-largest mortgage servicer. Bayview Asset Management ’s $1.3

Mortgages

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.

Mortgages

Housing Wire

JUNE 18, 2025

In 2025, Rithm closed three securitizations of non-QM loans — a product that has gained popularity amid a challenging mortgage market. Non-QM loans are for borrowers who do not have traditional income sources, such as self-employed individuals, freelancers and gig workers. billion in unpaid principal balance.

Closing

Housing Wire

DECEMBER 17, 2024

The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic. These loans had an average delinquency rate of 2.8

Loans

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

Principal

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.

Technology

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.”

Investor

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

Purchase and sale agreement

Housing Wire

JULY 1, 2025

Cooper Courtney Thompson Executive Vice President, Head of Servicing CMG Financial Cristy Ward Strategy Officer Mortgage Connect Chief Diane Yu Chief Executive Officer and Co-founder TidalWave Elisha Elliott Senior Vice President, Customer Experience Constellation1 Elizabeth Balce Executive Vice President, Loan Servicing Carrington Mortgage Services (..)

Title

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.

Mortgages

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

Mortgages

Housing Wire

JUNE 18, 2025

The deal will result in Guild exiting the public markets and becoming a private entity, operating independently but in partnership with Bayview’s servicing company, Lakeview Loan Servicing. billion in unpaid principal balance as of March 31. billion in cash, the companies announced on Wednesday.

Principal

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.

Mortgages

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.

Purchase and sale agreement

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.

Principal

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.

Equity

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

Mortgages

Housing Wire

APRIL 30, 2025

The Pontiac, Michigan-based wholesale lender also announced it has selected ICE Mortgage Technology s MSP loan servicing system as its servicing platform, with a strategic focus on boosting recapture and referral business through its broker network. Cooper Group in the wake of the latters $9.4 billion deal to sell to rival Rocket Mortgage.

Mortgages

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.

Mortgages

Housing Wire

JULY 15, 2025

Now the system determines what employees are going to work on and when, and then, from a management perspective, we can see what they’re working on, see who needs help, what loans are stuck, etc. It focuses the employee on the exceptions and our cost per boarded loan has decreased by almost 50%. Does it make a mistake?

Technology

Housing Wire

AUGUST 7, 2025

United Wholesale Mortgage (UWM), the largest mortgage originator in America, swung back to profitability in the second quarter of 2025, driven by higher loan volumes and wider margins. billion was tied to purchase loans , putting the lender on pace to reach $100 billion in purchase volume for the year, the company reported Thursday.

Loan Officer

Housing Wire

JULY 2, 2025

In response, originators are weighing the potential hurdles for offering crypto-backed loans. The FHFA ‘s directive provides few details on how Fannie and Freddie will integrate crypto into risk models, underwrite loans or price collateral. Phil Crescenzo, the Southeast division vice president for Nation One Mortgage Corp.

Mortgages

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.

Principal

Housing Wire

JUNE 24, 2025

Dan McCue, a researcher with JCHS, said that record-high home equity has uneven benefits on the housing market overall. That’s keeping debt low, but it’s also slowing down markets. The good part is obviously that a lot of households are gaining a lot of wealth,” he said.

Equity

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.

Equity

Housing Wire

FEBRUARY 13, 2025

San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans.

Land

Housing Wire

MAY 6, 2025

When rates briefly dipped, we swiftly capitalized on the refinance opportunityall while maintaining our best-in-class performance in the purchase market, chairman and CEO Mat Ishbia said in prepared remarks. The expectation is to bring all loans in-house by the end of 2026. ” UWM generated $21.7 billion as of December 31.

Principal

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. ”

Principal

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

Principal

Housing Wire

JULY 31, 2025

” The company also experienced “strong growth” in refinance volume, he said, while home equity loan originations nearly doubled year over year, setting new records for units and volume. Rocket is adding nearly 150 loan officers from Bay Equity Home Loans , a Redfin subsidiary, enhancing its presence in local markets.

Equity

Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million.

Mortgages