Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

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Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025.

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Mortgage Loan Officers Lending Renovations 432

Housing Wire

FEBRUARY 14, 2025

In 2024, Fannie Mae provided $381 billion of liquidity to the single-family and multifamily mortgage markets. “We expect multifamily property values to stabilize in 2025.” “Our economists do not expect a meaningful decline in the 10-year Treasury rate in 2025. . in 2025 compared to 5.8%

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Housing Wire

DECEMBER 18, 2024

Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects. With the labor market cooling down particularly in the private non-farm payroll data can this sector be completely ignored in 2025? If mortgage rates hadn’t dropped from 7.5%

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Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Wolak: Do you see any of this changing in 2025?

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Housing Wire

FEBRUARY 14, 2025

MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO brings key problem solvers together to collaborate on critical issues in the mortgage industry, said Bob Broeksmit , president and CEO of the Mortgage Bankers Association (MBA), which oversees MISMO.

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Housing Wire

JANUARY 8, 2025

California -based direct lender AmeriTrust Mortgage announced a new addition to its leadership team. The company welcomed veteran mortgage executive Jett Farrington this week as its new chief operating officer. He expressed excitement over joining AmeriTrust and helping the company continue its growth in 2025.

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Appraisal Buzz

FEBRUARY 6, 2025

This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Multigenerational housing, once a rarity, is now becoming commonplace and reshaping not just how we live, but also how we lend and borrow. Amid the whirlwind of economic forces impacting the housing market, one trend stands out.

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Lending Renovations Finance Housing Market 348

Housing Wire

FEBRUARY 25, 2025

Ill walk you through my top picks for the best hard money lenders in 2025 and explain how to choose the right lender for your specific needs. Easy Street Capital is a trusted company that stands out in 2025 due to its quick approval process. Constitution Lending prides itself on helping investors kick off their projects.

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Renovations Real Estate Investors Investing 360

Housing Wire

MARCH 10, 2025

The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025. Under the agreement, each Redfin share will convert to 0.7926 Rocket Class A shares, a 63% premium over Redfins 30-day Volume-Weighted Average Price (VWAp) as of March 7, 2025.

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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. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

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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 product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

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Housing Wire

JANUARY 12, 2025

During the 10-minute conversation, Pieklo explores his new focus on developing AFR’s wholesale lending strategy, the competitive landscape of the mortgage market, and the company’s unique approach to differentiating itself from other big names in the wholesale space. This interview has been edited for length and clarity.

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Housing Wire

FEBRUARY 28, 2025

This week on Power House , Diego Sanchez chats with Jay Plum, EVP of Consumer Lending at Fifth Third Bank. During the conversation, Plum explores Basel III’s impact on warehouse lending, the importance of affordability programs, and how Fifth Third plans to grow market share with mortgage servicing portfolios (MSRs).

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Housing Wire

MARCH 3, 2025

Union Home Mortgage (UHM) on Monday announced its acquisition of Nations Reliable Lending , aka NRL Mortgage. By coming together, we expand the reach of that promise further, while also continuing to build a unique workplace culture in the mortgage industry,” UHM CEO Bill Cosgrove said in a statement.

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Appraisal Buzz

MARCH 4, 2025

This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now , and is co-authored by Selena Townsend. The mortgage industry has traditionally been dominated by men, and although we have made laudable progress, women in our space still face challenges in terms of pay equity, bias, and advancement.

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Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. billion in mortgages, down from $5.3 billion in mortgages, down from $5.3 billion in the previous quarter. billion in the previous quarter.

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Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. There are 17 students who are currently enrolled in the 2025 spring semester course that began on Jan. 15 and goes until the end of April, Hoffman told HousingWire.

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Mortgage Lending Retail Training 370

Appraisal Buzz

JANUARY 10, 2025

This article originally appeared in the January 2025 edition of MortgagePoint magazine, online now. In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. The post Mortgage Digitalization 2.0:

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Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Naturally, this includes reverse mortgages, he explained. I think we can bridge that gap.

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Housing Wire

OCTOBER 10, 2024

Mortgage lenders can also benefit from these projects through a variety of products, including home equity lines of credit (HELOCs). 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.

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Renovations Advertising Housing Market Lending 476

Appraisal Buzz

OCTOBER 28, 2024

Laura Escobar, president of Lennar Mortgage, has been appointed chair of the Mortgage Bankers Association (MBA) for 2025. Escobar is a 37-year mortgage industry veteran, She has held leadership positions with both bank-owned and independent mortgage companies overseeing all aspects of mortgage banking.

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Housing Wire

JANUARY 8, 2025

Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. Why should lenders act now?

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Technology Clients Agents Development 364

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. ” Russell Petty, the founder of North Carolina -based Willow (formerly Grow Mortgage), said he expects to do $1 billion in origination volume in 2025.

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Mortgage Loan Officers Brokerage Technology 368

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. For 22 years, the Five Star Conference has been a trusted hub for like-minded professionals who share a common goal of advancing the mortgage industry.

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Housing Wire

OCTOBER 16, 2024

In this session, experts will discuss mini-corr challenges and opportunities going into 2025, including whether the channel will continue to see market share growth and the latest on warehouse lender risks.

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Housing Wire

NOVEMBER 5, 2024

As a result, loanDepot is retiring its Vision 2025 strategic plan, which began in July 2022 to help the company reduce its non-volume expenses by more than $730 million. Vision 2025 will be replaced by a program called Project North Star that is focused on the homeownership journey. Meanwhile, the company’s total revenues reached $314.6

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Housing Wire

FEBRUARY 21, 2025

In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. He also said he is encouraged by a greater role being played by other forward mortgage organizations in seeking out such partnerships. Mayer said.

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Mortgage Business Tools Lending 291

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. A lot of folks were expecting a decline in 2025.

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Construction Marketing Investors Renovations 291

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? For homeowners who purchased their property during COVID when mortgage rates were near 3%, the word “comfortable” may come to mind. Acra Lending has done precisely that. For them, the word would likely be “flowing.”

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Housing Wire

FEBRUARY 29, 2024

The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. historical data, from Q1 2025 to Q3 2024. The GSEs are aiming to accelerate the publication of VantageScore 4.0

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Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

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Housing Wire

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. Higher mortgage rates mean that some buyers might decide to wait until 2025.” That decline is due in part to the recent hurricanes and rising mortgage rates. However, there are headwinds.

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Marketing Realtors Housing Market Lending 369

Housing Wire

NOVEMBER 26, 2024

The limit for federally backed reverse mortgages is increasing for the ninth consecutive year. The Federal Housing Administration (FHA) announced on Tuesday via Mortgagee Letter (ML) 2024-22 a maximum claim amount of $1,209,750 in 2025. 1, 2025, through Dec. compared to third-quarter 2023. million for the first time.

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Lending Insurance Development Finance 369

Housing Wire

MARCH 6, 2025

Union Home Mortgage (UHM) is suing nine former employees on claims they breached several agreements, including non-compete agreements. National Mortgage News , which first reported the lawsuit, noted that APM is not listed as a defendant in the complaint.

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Mortgage Loan Officers Contracts Lending 252

Appraisal Buzz

FEBRUARY 11, 2025

Mortgage credit availability increased in January, rising 2.5% on the Mortgage Bankers Associations (MBA) Mortgage Credit Availability Index (MCAI). A decrease in the index score indicates that lending standards are tightening, while increases are indicative of loosening credit. compared with December to a score of 99.0

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Mortgage Government Lending Technology 221

Housing Wire

MARCH 6, 2025

TransUnion has expanded its partnership with Truework to provide mortgage lenders with broader access to income and employment verification data. The mortgage addition follows similar integrations for rental screening and auto lending. The mortgage addition follows similar integrations for rental screening and auto lending.

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