Housing Wire

JUNE 26, 2025

the market is ripe for an increase in fraud because of the continuing high interest rates , slow housing market and other increasing costs of homeownership like insurance affordability,” Matt Seguin, Cotality’s senior principal for fraud solutions, said in a statement. “If “While mortgage delinquencies are currently low across the U.S.,

Mortgages

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

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

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

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

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

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

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

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

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

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

Housing Wire

JULY 11, 2025

Overall, unpaid principal balance (UPB) remains relatively flat year over year across all loan types. When comparing numbers for banks and nonbanks , the latter group continues to dominate agency servicing and originations — especially for loans pooled through Ginnie Mae. and Newrez at 5.8%. of all production with $66.2

Banks

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

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

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. The company’s talks became public in late May. Guild’s shares were trading at $15.72

Principal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

APRIL 3, 2025

At the core of the dispute was collateral stemming from HECM-backed Securities ( HMBS ) tails the issuance of additional securities backed by the remaining unpaid principal balance of a HECM loan after it has been securitized into an HMBS pool. Tails are not from new loans, but they do represent new amounts lent.

Banks

Housing Wire

JUNE 24, 2025

Home Equity Conversion Mortgage (HECM) endorsements dropped by only 1% in May to 2,296 loans, while HECM-backed Securities (HMBS) issuance increased slightly by $9 million. “My

Equity

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

MAY 19, 2025

These loans are frequently sold to entities like Fannie Mae and managed by large companies. To further complicate things, these loans are sold to the GSEs and GNMA with various types of remittances which dictate how cash flows are treated for scheduled or actual principal and interest handling. And were not even done.

Mortgages