Housing Wire

MARCH 3, 2025

Sellers loan officers who agree to move over to Buyer may want (in addition to use of their team name which is typically an assumed name of Seller) to continue to use Sellers name for a period of time after closing, as part of their recognized brand.

Purchase and sale agreement 387

Purchase and sale agreement Closing Industrial Mortgages 387

Housing Wire

APRIL 9, 2025

The sole outlier, according to the online database, is related to a settlement between HUD and MetLife Home Loans reached in 2018, stemming from allegations that the lender and a reverse mortgage borrowers son failed to comply with HECM loan requirements from the Federal Housing Administration (FHA).

Mortgages 337

Mortgages Principal Loans Equity 337

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 393

Mortgages Equity Principal Loans 393

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 378

Loans Principal Finance Closing 378

Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. The administration added that some loans funded through mortgage revenue bonds may not qualify for the new loss mitigation option.

Loans 496

Loans Principal Mortgages Real-estate owned 496

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.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal 421

Principal Branding Investor Mortgages 421

Housing Wire

JUNE 12, 2025

National lender HomeXpress specializes in nonqualified mortgages (non-QMs), business-purpose loans for real estate investors and other nonagency mortgage products. billion in unpaid principal balance in 2024 and $1.2 The lender, which has been originating loans for nine years, has reported profitability each year since its founding.

Loan Officer 277

Loan Officer Principal Loans Mortgages 277

Housing Wire

JULY 8, 2024

Roughly eight months after acquiring PacWest Bancorp in a rescue deal , Banc of California is selling roughly $2 billion in business-purpose residential mortgage loans, according to Bloomberg. billion of single-family residential loans at a discount. The bank entered into an agreement to buy $1.8

Loans 408

Loans Principal Banks Residential 408

Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. In total, its funded loan volume jumped from $8.9 Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier.

Loans 373

Loans Equity Principal Mortgages 373

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 301

Principal Equity Banks Mortgages 301

Housing Wire

DECEMBER 27, 2024

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. We’re expanding our reach, becoming a principal agent in a lot of states, Moriello said. Were seeing market headwinds, and not really seeing a lot of release in the rates.

Industrial 384

Industrial Mortgages Principal Lending 384

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.

Loans 430

Loans Closing Investor Principal 430

Housing Wire

MARCH 3, 2025

Name Job Title Company Name Alejandro Franco Vice President of Finance and Controller Cairn Real Estate Holdings Allyson Jackson Executive Vice President Finance and Treasury Planet Home Lending Amit Arora Chief Investment Officer Opendoor Andrey Gunin Chief Financial Officer A&D Mortgage Bill Warden Chief Financial Officer Dark Matter Brandon (..)

Finance 356

Finance Lending Principal MLS 356

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 305

Principal Residential Lending Technology 305

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.

Loans 450

Loans Fixed-rate mortgage Principal Renovation 450

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 278

Mortgages Principal Loans Equity 278

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

Loans 420

Loans Renovation Principal Finance 420

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 349

Mortgages Debt-to-income ratio Lending Staging 349

Housing Wire

NOVEMBER 29, 2023

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13. That’s up 5.5% compared to the current limit of $726,200.

Loans 418

Loans FHA loan Principal Finance 418

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 369

Mortgages Investor Loans Principal 369

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 371

Equity Principal Development Mortgages 371

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 355

Principal Lending Equity Mortgages 355

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. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 384

Purchase and sale agreement Equity Loan Officer Principal 384

Housing Wire

NOVEMBER 12, 2024

billion in loans during the period — up 28% year over year. Refinancing opportunities are largely coming from Rocket’s servicing portfolio, which reached an unpaid principal balance (UPB) of $546.1 million loans, Rocket’s servicing operations generated approximately $1.5 It originated $28.5 billion at the end of Q3.

Purchase and sale agreement 384

Purchase and sale agreement Mortgages Principal Loans 384

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 384

Mortgages Technology Principal Industrial 384

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

Loans 419

Loans Mortgages Industrial Principal 419

Housing Wire

NOVEMBER 6, 2024

billion in unpaid principal balance (UPB), but it recorded a net loss of $74.6 Our servicing portfolio continues to be a valuable source for ongoing cash flow, future opportunities for loan recapture, and it reinforces our customers-for-life strategy,” Kramer said. The company’s servicing portfolio grew to $91.4

Principal 359

Principal Mortgages Loans As-is 359

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. We’ve also been seeing ramp production and closed-end seconds , home equity loans, and we think that’s a great untapped opportunity for the channel.” “[PennyMac] is well-rounded. ”

Marketing 371

Marketing Principal Mortgages Loans 371

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.

Mortgages 258

Mortgages Finance Principal Loans 258

Housing Wire

OCTOBER 24, 2024

Two days later, Onity announced final details of the transaction that included a price revision to $500 million and an aggregate principal amount of senior notes at 9.875% due in 2029. The price to investors will be 99.556% of the principal amount of the notes.

Principal 409

Principal Investor Mortgages Equity 409

Housing Wire

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. ” Fees from fulfilling correspondent loans for PMT totaled $5.3

Principal 252

Principal Loans Mortgages Equity 252

Housing Wire

MARCH 7, 2025

The report also states that the idea is being championed by Irving Dennis, HUDs new chief financial officer and principal deputy. Dennis, the agencys new principal deputy chief financial officer, is a former partner at the global consulting giant EY , also commonly known by its original name, Ernst & Young , the report said.

Technology 275

Technology Principal Industrial As-is 275

Housing Wire

NOVEMBER 15, 2024

A shift in Rocket Mortgage’s MSR strategy Through the third quarter, Rocket has already acquired or committed to over $70 billion in unpaid principal balance for its servicing portfolio —a 15% increase over year-end 2023. All the while, companies like Mr. Cooper and Lakeview Loan Servicing have expanded their portfolios.

Mortgages 369

Mortgages Equity Loans Principal 369

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. With several top 10 reverse mortgage lenders now active in some form within the U.S. In the case of FOA — the current industry leader — the earnings results were robust.

Investor 369

Investor Mortgages Bankruptcy Equity 369

Housing Wire

MARCH 5, 2024

With a HECM loan, the U.S. Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. Why are there two HECM interest rates used with HECM loans?

Principal 430

Principal Mortgages Loans Equity 430

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.

Principal 522

Principal Mortgages Land Loans 522

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 270

Equity Principal Loans Mortgages 270