Housing Wire

JANUARY 2, 2025

Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. to 2,392 loans for the month, according to data compiled by Reverse Market Insight (RMI). Case number assignments mark a crucial first step in the process of originating a reverse mortgage. Fairway Independent Mortgage Corp.

Mortgages

Housing Wire

NOVEMBER 14, 2024

With several top 10 reverse mortgage lenders now active in some form within the U.S. 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.

Investor

Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. “Our scalable tech platform is what empowers us to navigate dynamic markets with agility.

Mortgages

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. Getting the hang of reverse Mitchell is a 25-year veteran of the mortgage technology space, primarily working for LOS companies. What does the future hold?

Mortgages

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

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgages

Housing Wire

JUNE 11, 2025

This week at The Gathering by HousingWire , reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Dan Ventura, the president of reverse mortgage lending at Fairway Independent Mortgage Corp. ,

Mortgages

Housing Wire

JULY 11, 2025

New issuance of agency mortgage servicing pools is down sharply — $555 billion through the first six months of 2025 versus $1.1 That’s according to Recursion ‘s Agency Mortgage Servicer/Seller Report for July 2025. Overall, unpaid principal balance (UPB) remains relatively flat year over year across all loan types.

Banks

Housing Wire

MARCH 3, 2025

HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries. The Finance Leaders award honors executives who are not only advancing financial performance but strengthening liquidity, expanding margins, and enhancing access to capital markets.

Finance

Housing Wire

JUNE 6, 2025

As communities and organizations continue to reckon with the impact of the Los Angeles -area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost. The program’s eligibility guidelines explicitly include reverse mortgage borrowers.

Mortgages

Housing Wire

OCTOBER 22, 2024

The third-quarter financials for Pennymac Financial Services illustrate the double-edged sword of declining interest rates for mortgage companies. With lower rates and more opportunities to refinance mortgages, Pennymac generated a pretax income of $108 million in Q3 2024 in its production segment, up from $41.3 million in Q3 2023.

Principal

Housing Wire

JULY 2, 2025

Just a week ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte issued a directive for Fannie Mae and Freddie Mac to begin preparing their businesses for the use of cryptocurrency in single-family mortgages. Phil Crescenzo, the Southeast division vice president for Nation One Mortgage Corp.

Mortgages

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

JANUARY 21, 2025

After years of high interest rates, and price spikes, mortgage lenders are optimistic heading into 2025. Fannie Mae predicts a 28% increase in mortgage originations to $2.1 The Mortgage Bankers Association (MBA) also predicts that total origination volume will increase by 28.5%

Mortgages

Housing Wire

APRIL 30, 2025

United Wholesale Mortgage (UWM) is taking its mortgage servicing operations in-house, following the decision to end its relationship with Mr. Cooper Group in the wake of the latters $9.4 billion deal to sell to rival Rocket Mortgage. Cooper deal on the mortgage servicing landscape. Pennymac , the third-largest U.S.

Mortgages

Housing Wire

JANUARY 23, 2025

November’s report tracked SFR price growth in 20 major markets nationwide. Wage growth outpaced single-family rent growth for much of the past two years which kept rent growth in positive territory,”said CoreLogic senior principal economist Molly Boesel. ” Detroit ranked No. 1 for SFR price growth, posting 6.1%

Principal

Housing Wire

JUNE 24, 2025

Along with the rise in equity, total mortgage debt has actually fallen by a marginal amount — from $13.4 This figure has been relatively flat in the post-pandemic period after rock-bottom mortgage rates helped to keep debt down. That’s keeping debt low, but it’s also slowing down markets. That’s more than triple the $11.4

Equity

Housing Wire

OCTOBER 30, 2024

But public filings analyzed by Inside Mortgage Finance revealed that seller repurchases rose to $430 million in the second quarter of 2024 — a 29% increase from the previous quarter. Mittal spoke to HousingWire this week during the Mortgage Bankers Association (MBA)’s Annual Conference and Expo in Denver. points,” Mittal said.

Debt-to-income ratio

Housing Wire

JUNE 18, 2025

Rithm Capital announced this week the closing of a $504 million securitization backed by nonqualified mortgages ( non-QMs ) serviced by its subsidiary Newrez , along with the issuance of $500 million in debt. In 2025, Rithm closed three securitizations of non-QM loans — a product that has gained popularity amid a challenging mortgage market.

Closing

Housing Wire

NOVEMBER 12, 2024

Detroit-based Rocket Companies , the parent of Rocket Mortgage , saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in the third quarter of 2024. million in the fair value of its mortgage servicing rights (MSRs). The 30-year fixed mortgage rate has declined from nearly 8% a year ago.

Purchase and sale agreement

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

JULY 1, 2025

Now in its 16th year, the award honors leaders across mortgage, real estate and fintech who are making a measurable impact on their organizations and the broader housing economy. This year’s honorees include mentors, innovators, and community leaders.

Title

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. Executives at Guild, a pure distributed retail mortgage lender, will remain in place, and the company will retain its brand. mortgage lender.

Principal

Housing Wire

JUNE 10, 2025

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

Equity

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. It will also exclude broker-network borrowers from the company’s outbound marketing campaigns.

Principal

Housing Wire

OCTOBER 30, 2024

New York-based asset manager Rithm Capital , the owner of multichannel lender Newrez , reported a 58% increase in refinances to $3 billion in the third quarter of 2024 after mortgage rates dropped due to the Federal Reserve ’s 50 basis-point rate cut. billion in mortgages in Q3 2024, higher than the figures of $14.6 billion in Q3 2023.

Equity

Housing Wire

NOVEMBER 5, 2024

Chief financial officer David Hayes said in a statement that in the third quarter, there was a “modest improvement in the mortgage market, coupled with the company’s positive operating leverage,” which fueled the return to profitability. “As in after-market hours. year over year. Origination volume was $6.7 billion on Sept.

Purchase and sale agreement

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. The companies offering them have often aimed to contrast these offerings with reverse mortgages, or other more traditional home equity tapping products like a home equity line of credit ( HELOC ).

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 will also exclude broker-network borrowers from the companys outbound marketing campaigns.

Mortgages

Housing Wire

FEBRUARY 27, 2025

As a housing economist, insurance costs and the effect of insurance on the housing market is not something weve ever really worried about, Selma Hepp , chief economist at CoreLogic , told attendees at HousingWire s Housing Economic Summit on Wednesday. of mortgages would be underwater. That has changed.

Equity

Housing Wire

NOVEMBER 6, 2024

the parent company of Guild Mortgage , sustained a $66.9 Schmidt added that a “clear differentiator” the company has is “the realization of the growth platform” stemming from its acquisitions, which included Academy Mortgage at the beginning of the year. billion in unpaid principal balance (UPB), but it recorded a net loss of $74.6

Principal

Housing Wire

APRIL 21, 2025

Amid inflation worries, political turmoil and ripple effects from new federal spending cuts , Americans are growing increasingly pessimistic about the economy, housing market and their personal finances, according to a new consumer sentiment survey. director of research and a managing principal at John Burns. Only 34% of U.S.

Principal

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 in mortgages during the quarter, up 22.5% But second, we only own about 2% of the industry servicing’s market,” Ishbia said.

Loan Officer

Housing Wire

JULY 2, 2025

Hill had been serving as interim CFO and principal financial officer since April. Under his financial leadership, our international realty segment has expanded into eight new markets, nearly quintupled revenue, and significantly improved operating margins. the company announced Tuesday. The appointment is effective immediately.

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

JULY 15, 2025

Editor in Chief Sarah Wheeler sat down with Bill Packer , chief operating officer at Longbridge Financial, to talk about the ways his company is using AI to serve reverse mortgage borrowers. Sarah Wheeler: Technology used to be siloed off from workflows, but that’s been changing in the mortgage industry.

Technology

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 Perotti added that the company’s total lock volumes of $36 billion were down 7% from the prior quarter due to higher mortgage rates. For 2024 as a whole, the California -based lender earned a profit of $311.4

Principal