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 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

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

FEBRUARY 6, 2025

Rithm Capital , which owns multichannel mortgage lender Newrez , built upon its success in 2023 with net income of $835 million in 2024. according to Inside Mortgage Finance (IMF). 3 among the nations largest primary mortgage servicers, according to IMF, and its UPB jumped 32% year over year in the fourth quarter to reach $844 billion.

Loans

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. The number of mortgage brokers approved to do business with PennyMac at the end of last year topped 4,850 an uptick of 19% from the end of 2023, the company shared. . And, you know, we’re here, right?

Marketing

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). It originated $28.5 billion in Q2. Meanwhile, expenses rose to $1.14

Purchase and sale agreement

Housing Wire

MAY 19, 2025

The mortgage servicing industry faces significant challenges in managing cash flows efficiently. The velocity and complexity of mortgage transactions make it difficult to track and resolve discrepancies, often resulting in substantial cash flow variances. That is a significant mismatch. Investor accounting is no different.

Mortgages

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. 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

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 25, 2025

In this informative conversation, the duo touch on Newrez’s growth and acquisition strategies, the use of technology and artificial intelligence for client retention, and finding balance between mortgage servicing and origination activities. There are multiple different prioritizations that we have in technology.

Principal

Housing Wire

APRIL 24, 2025

The HECM Tool a software platform designed to serve as a reverse mortgage sales conversion tool announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platforms existing visualization and comparison capabilities.

Mortgages

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

Housing Wire

MAY 6, 2025

United Wholesale Mortgage (UWM), the largest originator in America, produced $32.4 billion in mortgages in the first quarter of 2025, capitalizing on a brief decline in interest rates that spurred a wave of refinance activity. billion in purchase mortgages in Q1 2025, slightly down from $21.9 ” UWM generated $21.7

Principal

Housing Wire

APRIL 1, 2025

These standout professionals all 40 years old or younger are driving innovation, transforming their organizations, and shaping the future of real estate, mortgage, and fintech. Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry.

Lending

Housing Wire

FEBRUARY 13, 2025

As the 21st transaction made under the company’s LHOME Mortgage Trust, Kiavi’s total volume of notes offered sits at $5.8 The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. . billion since 2019.

Land

Seattle Times Real Estate

JULY 5, 2025

The prices are kind of defying gravity,” said Windermere principal economist Jeff Tucker. Many homeowners are sitting on rock-bottom mortgage rates secured early in the pandemic, lessening the incentive to move quickly. million in April and a 7% increase from June of last year.

Technology

The Close

NOVEMBER 7, 2024

You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest. Cash on hand lets you move quickly without worrying about loan or mortgage interest charges.

Hard money loan

Housing Wire

JANUARY 10, 2025

Incenter Lender Services , a group of companies that help nonbank and depository mortgage lenders nationwide, announced this week the hiring of two new vice presidents. I develop, direct, and provide strategic vision for sales and marketing plans for mortgage products and services,” according to her bio.

Principal

The Close

NOVEMBER 25, 2024

The two main ways to dive into the house-flipping game are: Hard money loans : These loans offer faster approval and funding times than traditional mortgages. Rehab loans: These include home equity lines of credit (HELOCs), HomeStyle renovation mortgages, 203(k) rehab loans, or CHOICERenovation loans.

House Flipping

Marco Santarelli

MARCH 22, 2025

As of today, March 22, 2025, mortgage rates have seen a slight increase. The average 30-year fixed mortgage rate is now 6.51% , while the 15-year fixed rate stands at 5.89%. With interest rates playing a significant role in the total cost of a mortgage, its essential to evaluate whether now is a strategic time to enter the market.

Mortgages

Housing Wire

MARCH 3, 2025

At HUD, he helped develop policies to reduce segregation and expand neighborhood choice, and he served as HUDs principal adviser on the UN sustainable development goals. McCarthy, president of the Lincoln Institute, said in a prepared statement.

Land

Housing Wire

FEBRUARY 28, 2025

During Rocket Companies ‘ third-quarter 2024 earnings call, the Detroit-based parent company of Rocket Mortgage said that it expected adjusted revenue of $1.05 Tech-driven growth Rocket Companies CEO Varun Krishna said that Rocket Mortgage generated $27.8 billion to $1.2 billion in the fourth quarter.

Branding

Housing Wire

NOVEMBER 7, 2024

the parent of United Wholesale Mortgage , notched its biggest production quarter in three years while improving margins due to a higher refi volume. billion in mortgages in the third quarter, higher than the $33.6 This was amid an expectation of higher mortgage rates due to Trump’s election. Meanwhile, GAAP net income was $31.9

Loan Officer

Housing Wire

APRIL 2, 2025

Department of Housing and Urban Development (HUD) was considering the deployment of cryptocurrency and blockchain technology to monitor agency grants. It is unclear how these technologies, which have not been widely adopted even by the real estate industry, would help HUD meet its mission. ProPublica reported last month that the U.S.

Technology

The Close

JULY 1, 2025

A home is the largest purchase most people will ever make, and many buyers rely on mortgage financing. Note that specific requirements can vary depending on the specific type of mortgage loan being used, as well as the lender offering the financing. That’s where FHA loans can save the day for everyone. This limit will generally be 31%.

FHA loan

Marco Santarelli

APRIL 3, 2025

As of April 3, 2025, mortgage rates have dipped slightly to around 6.40% , influenced by recent economic events, including tariff announcements from the White House. This decline is relevant for both new mortgage borrowers and those considering refinancing their existing loans.

Mortgages

Housing Wire

NOVEMBER 22, 2024

The historically fragmented mortgage servicing space has been transformed over the past few years due to an influx of large companies and ongoing consolidation, which presents challenges for smaller players, industry experts say. Annaly has built a platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8

Mortgages

Housing Wire

OCTOBER 9, 2024

Cooper Group has made some changes to its technology leadership, led by the promotion of Sridhar Sharma to the roles of executive vice president and chief innovation and digital officer, the company announced on Wednesday. Mr. Cooper also hired Jeff Carroll from travel technology company Sabre Corp. Why can’t I just take that action?”

Technology

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. billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7 Rocket originated $42.3

Mortgages

Housing Wire

JANUARY 7, 2021

In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae -backed loan as part of a pilot program. Ginnie Mae launched the pilot program in 2019, paving the way for the agency to accept eNotes as satisfactory collateral for its mortgage-backed securities. Presented by: SimpleNexus.

Closing

Housing Wire

JULY 11, 2024

Fintech firms Rocktop Technologies and LiquidFi on Thursday announced a milestone in their business partnership that was formed earlier this year. At the same time, LiquidFi — an asset tokenization platform for mortgage investors — has used its patented technology to create digital assets on more than $7.7 billion in UPB.

Due diligence

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. ” Jason Bressler, executive vice president and chief technology officer at United Wholesale Mortgage (UWM), said. ” UWM, the top U.S.

Mortgages

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. The originations went from $14.1

Mortgages

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. And this time, the most wonderful time of the year gives way to what, in the mortgage industry, could be the most awfullest time of the year. Think technology and service providers, too — a smaller mortgage market affects everyone.

Industrial

Housing Wire

MARCH 19, 2024

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company.

Mortgages

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal.

Mortgages

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company.

Industrial