Housing Wire

NOVEMBER 26, 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The ceiling rate for these areas is $1,814,625 for a one-unit property in 2025. 1, according to the publication of FHA Mortgagee Letter (ML) 2024-21.

Finance 370

Finance Law Construction Government 370

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Lending 455

Lending Finance Government Realtors 455

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp., Others are taking a more nuanced approach to the increase.

Mortgage 397

Mortgage Lending Retail Finance 397

Housing Wire

NOVEMBER 16, 2023

Nonbank originator Change Lending and the U.S. The parties announced on Thursday that Change will remain a certified CDFI until the lender’s next application related to the fiscal year 2025 is determined. But at least 60% of a lender’s financing must target these borrowers.

Lending 445

Lending Finance Contracts Development 445

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is now in good standing with the CDFI Fund and its next planned certification review is not until 2025, the originator said.

Lending 435

Lending Finance Legal Contracts 435

Housing Wire

NOVEMBER 29, 2024

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. But the difference will not be pronounced, he added.

Mortgage 363

Mortgage Insurance Home Value Local Properties 363

Housing Wire

NOVEMBER 7, 2023

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. The appointment supports the company’s Vision 2025 plan , the company said.

Lending 412

Lending Real Estate Agent Real Estate Training 412

Housing Wire

NOVEMBER 25, 2024

In this HousingWire executive conversation, Chris Kennedy , Director of Sales and Business Development at RiskSpan , explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. In 2025, we could see a huge booming refinance market. It beats waiting for the phone to ring.

Tools 367

Tools Real Estate Investors Mortgage 367

Housing Wire

OCTOBER 3, 2024

The game plan is not to survive until 2025. Speakers: Kevin Peranio, Chief Lending Officer at PRMG Candice McNaught, SVP of National Sales at Supreme Lending Laura Brandao, CEO at Lighthouse Advisors The executives in this session are rising above and operating from a growth mindset. Watch the full session below.

Lending 447

Lending Mortgage 447

Housing Wire

DECEMBER 18, 2024

With the labor market cooling down particularly in the private non-farm payroll data can this sector be completely ignored in 2025? However, those factors are becoming increasingly precarious as we move into 2025. This is why Sarah and I recently discussed this being the wild card for housing in 2025. We will soon find out.

Construction 420

Construction Modernization Mortgage Housing Market 420

Housing Wire

JUNE 20, 2024

million in senior notes due in the fourth quarter of 2025, resulting in new debt with a higher interest rate and a shorter maturity period than usually seen in the market for similar companies. The company has invested in a Vision 2025 program, bringing investments to platforms, products and people, Martell added.

Investing 447

Investing Lending Investors Mortgage 447

Appraisal Buzz

JUNE 26, 2024

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} loanDepot Managing Director of Mortgage Lending Operations Viviana Abarca loanDepot Inc. elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} loanDepot Managing Director of Mortgage Lending Operations Viviana Abarca loanDepot Inc.

Lending 221

Lending Mortgage Investing Business 221

Housing Wire

OCTOBER 31, 2024

Wall Street expects new cost increases in 2025 and 2026. What the mortgage industry’s been told Despite widespread speculation and hints during company earnings calls, FICO has neither confirmed nor denied that cost increases on credit reporting will affect mortgage lenders in 2025. per FICO score in 2024.

Mortgage 468

Mortgage Business Lending Investors 468

Housing Wire

JULY 27, 2023

The proposal would include a three-year transition period beginning July 1, 2025. Insured depository institutions would face an estimated 9% increase, including regional lenders. Community banks would not be impacted. “Further, the proposal ignores the significant role of mortgage insurance in mitigating losses.”

Lending 370

Lending Mortgage Insurance Modernization 370

Housing Wire

JUNE 18, 2024

The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments. million in senior notes due in the fourth quarter of 2025. loanDepot plans to extend its $497.8

Investing 439

Investing Real Estate Lending Investors 439

Housing Wire

AUGUST 2, 2024

In the message reviewed by HousingWire, DeJoseph wrote that by becoming part of a larger organization, Garden State gains access to a “national lending platform, greater resources, enhanced career development opportunities, and the ability to offer more comprehensive services to our clients, well beyond residential mortgage lending.”

Loan Officers 465

Loan Officers Lending Clients Development 465

Appraisal Buzz

SEPTEMBER 5, 2024

Despite home equity lending volume remaining relatively flat in 2023 compared to 2022, outstanding home equity debt increased, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study. in 2025; lenders expect home equity loan debt outstanding to increase 11.1% billion per company in 2023, from $2.10

Lending 221

Lending Inspection Valuation Renovations 221

Housing Wire

AUGUST 20, 2024

The deal is expected to close in early 2025. an 11% share of the country’s commercial real estate lending market. Last year, Wells Fargo chose to exit the home lending correspondent channel and reduce its footprint in residential mortgage servicing. The parties did not disclose the financial details.

Mortgage 446

Mortgage Real Estate Lending Clients 446

Appraisal Buzz

JUNE 17, 2024

Viviana Abarca has been promoted to managing director of mortgage lending operations at loanDepot. She most recently served as executive vice president of lending operations. Building a world-class operations team is an integral part of our Vision 2025 strategic plan,” says Frank Martell, president and CEO of loanDepot, in a release.

Lending 195

Lending Mortgage Tools Development 195

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. 25, when the deal is set to expire, the company said.

Finance 424

Finance Investors Business Mortgage 424

Housing Wire

OCTOBER 25, 2024

The expectation is that NEO will close by the end of February 2025. According to Luminate, the decision reflects, among other things, its “focus on integrating mortgage lending into its core banking services to better serve clients and build long-term financial relationships.”

Lending 434

Lending Finance Business Clients 434

Appraisal Buzz

NOVEMBER 8, 2024

The 2025 Five Star Conference and Expo is set for Monday-Wednesday, September 29-October 1, 2025 at the Omni Dallas Hotel , located at 555 South Lamar Street in Dallas, Texas. Early-Bird Registration Now Open Early-Bird Registration is now open for the 2025 Five Star Conference.

Government 221

Government Law Real Estate Legal 221

Housing Wire

OCTOBER 31, 2024

It will also be available in four new states, bringing the total to 10 with more planned for 2025. Product comparisons In its announcement of the new rate and additional states, FOA said that its optimistic outlook for the product is fueled by the increased activity in the home equity lending space.

Mortgage 432

Mortgage Loan Officers Lending Renovations 432

Housing Wire

MAY 15, 2024

300 to 850) and also uses score-to-odds ratios, meaning that most lenders will not need to adjust their credit or lending policies to use the new pilot program. In February, the Federal Housing Finance Agency (FHFA) announced that the transition to new credit-score requirements is expected to begin in the fourth quarter of 2025.

Lending 459

Lending Government Finance Mortgage 459

Housing Wire

OCTOBER 10, 2024

In line with the JCHS estimates, these shares are expected to rise in 2025. Keynova Group recently surveyed 12 large banks and nonbanks about their home equity lending capabilities. The Clever survey found that 85% of respondents spent at least $10,000 on renovations in 2023, including 48% who spent at least $50,000.

Renovations 476

Renovations Advertising Housing Market Lending 476

Housing Wire

DECEMBER 17, 2024

Patricia Maguire-Feltch , managing director of consumer origination sales at Chase Home Lending , told HousingWire that predicting market reactions and mortgage rate movements after the Fed meeting is difficult if not nearly impossible to do. While this scenario is possible, its likely to not persist long term.

Mortgage 380

Mortgage Lending Marketing Tools 380

Housing Wire

OCTOBER 25, 2024

The strongest market agitator in the first half (H1) of 2025 is not likely to be either U.S. However, this era is ending, leading to an expected increase in mortgage lending and an uptick in RMBS issuance, especially in H1 2025. unemployment or inflation caused by monetary or fiscal policy.

Supply Chain 468

Supply Chain Investors Insurance Lending 468

Housing Wire

OCTOBER 4, 2024

Kevin Peranio, left, of Paramount Residential Mortgage Group, and Candice McNaught of Supreme Lending lead a panel discussion during the HousingWire IMB Summit in Dallas on Oct. At Supreme Lending — which produced approximately $3.7 MBA data shows that, in 2025, purchase loan production is expected to increase 30.8%

Mortgage 434

Mortgage Loan Officers Lending Real Estate Agent 434

Housing Wire

DECEMBER 3, 2024

By helping to enable smarter, more precise lending decisions, FICO is driving innovation that supports both financial institutions and the communities they serve. updates in the fourth quarter of 2025. We encourage mortgage investors to consider the advantages of incorporating FICO Score 10 T into their models.”

Mortgage 396

Mortgage Government Investors Lending 396

Appraisal Buzz

MAY 9, 2024

But when it comes to construction lending technology, the options are as vast as they are unique. To learn more about how lenders can determine which construction lending technology is right for their needs, MortgageOrb interviewed Sean Faries, CEO of Land Gorilla. Q: How is technology transforming the construction lending landscape?

Construction 195

Construction Lending Technology Design 195

Housing Wire

SEPTEMBER 4, 2024

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. 2, 2025, and will be available through July 1, 2025. The ML goes into effect on Sept. The updated rule builds upon several changes that FHA made to the HECM program on Jan.

Mortgage 459

Mortgage Legal Development Insurance 459

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Owen: What’s exciting you about 2025 into the 2030s?

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JUNE 14, 2024

Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions. Parrish said then the company expects “a lot of growth“ in the second half of 2024 and into 2025. JB Long assumed the role of president and Piercy became the chief growth officer.

Property Taxes 442

Property Taxes Clients Development Insurance 442

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence.

Mortgage 435

Mortgage Lending Development Design 435

Housing Wire

OCTOBER 28, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it is helping to develop. Almost as important, he added, is the participation of non-reverse lending companies in the conversation.

Mortgage 444

Mortgage Lending Modernization Development 444

Housing Wire

NOVEMBER 27, 2024

“Even with mortgage rates modestly rising despite the Federal Reserve ‘s decision to cut the short-term interbank lending rate in September, continuous job additions and more housing inventory are bringing more consumers to the market.” Higher mortgage rates mean that some buyers might decide to wait until 2025.”

Marketing 369

Marketing Realtors Housing Market Lending 369

Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

Modernization 360

Modernization Mortgage Design Advertising 360