Housing Wire

JANUARY 30, 2025

In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025. For example, 30% of purchase transactions were new construction last year. That’s where the growth is at.

Construction 284

Construction Marketing Investors Renovations 284

Appraisal Buzz

MARCH 4, 2025

Such was the case with University Federal Credit Union Chief Lending Officer Christy Soukhamneut who spoke on the podcast Lessons From Last Time with Ken Perry about her own personal challenges in navigating the past few years, which featured the COVID shutdown followed by a deteriorating and volatile mortgage market.

Lending 195

Lending Mortgage Loan Officers Architecture 195

Appraisal Buzz

OCTOBER 11, 2024

This hybrid summit brings together leaders from the federal government, private sector, and housing industry to discuss the critical role of independent mortgage banks in the housing finance ecosystem. Click here for a complete event agenda and participant details.

Marketing 370

Marketing Mortgage Finance Retail 370

Appraisal Buzz

JANUARY 23, 2025

Dunmor , a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers, has received a minority equity investment from Newfi Lending , a non-agency mortgage lender owned by funds managed by Apollo Global Management. The investment is an expansion of the partnership announced in June 2024.

Lending 195

Lending Investing Construction Real Estate 195

Housing Wire

MARCH 30, 2023

The proposed template would change the mortgage disclosures required under the Truth in Lending Act (TILA)-Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) rules.

Construction 397

Construction Lending Finance Mortgage 397

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Retail 457

Retail Lending Renovations Construction 457

Housing Wire

FEBRUARY 10, 2025

It also closed five RTL securitizations for nearly $2 billion and expanded its product suite by launching a new construction financing product. The company said that in 2024, it increased its active customer base to more than 5,500 (up 30% from 2023).

Lending 263

Lending Investing Real Estate Investors 263

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Investing 355

Investing Lending Real Estate Construction 355

Appraisal Buzz

OCTOBER 1, 2024

Total borrowing and lending for commercial and multifamily mortgages is expected to finish at $539 billion by the end of 2024, according to an updated baseline forecast by the Mortgage Bankers Association (MBA). The post Forecast: Commercial/Multifamily Borrowing and Lending to Increase first appeared on The MortgagePoint.

Lending 369

Lending Real Estate Investors Construction 369

Housing Wire

JUNE 10, 2024

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space. Pham has 23 years of marketing experience in the real estate and finance sectors.

Lending 344

Lending Business Real Estate Finance 344

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. Finance a loan, and you may lose money.

Mortgage 293

Mortgage Training Construction Investors 293

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. When Finance of America announced their closure, we started searching around,” Reich said. ” . “We We specialize in marketing for purchases.”.

Retail 508

Retail Mortgage Construction Loan Officers 508

Appraisal Buzz

FEBRUARY 19, 2025

Higher rates, all else held equal, reduce consumer house-buying power and increase financing costs for builders. Additionally, builders continue to grapple with challenges stemming from the 5 Ls: labor, lots, legal issues, lumber, and lending. The post January Residential Construction: Whats Behind Builder Pessimism?

Construction 150

Construction Legal Buyers Mortgage 150

Appraisal Buzz

FEBRUARY 11, 2025

Michael Gevurtz, CEO and Founder, Bluebird Lending This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Michael Gevurtz is an entrepreneur and investor in the real estate and finance industries. Q: How did you first get your start in the industry? It happened by accident in 2013.

Real Estate 269

Real Estate Finance Development Investing 269

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Investing 434

Investing Legal Lending Landlords 434

Housing Wire

FEBRUARY 12, 2024

In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. AFR offers agency, nonagency and government lending products. It also has a niche in construction and manufactured home loan programs.

Lending 448

Lending Renovations Construction Finance 448

Housing Wire

JULY 23, 2024

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California -based lender. It operates through consumer direct and broker channels.

Lending 435

Lending Construction Investing Real Estate 435

Housing Wire

JULY 15, 2024

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena.

Lending 422

Lending Finance Real Estate Construction 422

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. SK: Construction lending is extremely complex, and in which banks have traditionally been the dominant players.

Tenants 475

Tenants Investing Marketing Construction 475

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent lending as well. The group will be branded as Shamrock, Powered by CMG Home Loans. year over year.

Loan Officers 446

Loan Officers Retail Lending Renovations 446

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 476

Construction Supply Chain Inventory Housing Market 476

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. Jumbo loans account for approximately 12% of all loans originated as of February 2022.

Construction 397

Construction Lending Finance Mortgage 397

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Business 476

Business Finance Lending Buyers 476

Housing Wire

NOVEMBER 20, 2023

In 2022 alone, APM acquired 11 branches from Arizona-based Sunstreet Lending and Sunstreet, along with 25 branches from the Minnesota retail lender Lend Smart Mortgage and 51 branches from the now-defunct AmeriFirst Financial Inc. The lender also brought over 45 former retail branches from Finance of America Companies Inc.

Retail 445

Retail Mortgage Lending Renovations 445

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

Lending 429

Lending Finance Clients Client Relationships 429

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. It will also include the company’s local traditional consumer mortgage and construction-to-permanent businesses.

Business 448

Business Mortgage Lending Insurance 448

Housing Wire

NOVEMBER 28, 2023

“The increases to FHA’s loan limits will enable homebuyers to use FHA’s low-down-payment financing to access homeownership at a time when a lack of affordability threatens to shut well-qualified borrowers out of the market.” Virgin Islands account for higher construction costs.

Finance 497

Finance Construction Mortgage Government 497

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. I think in a healthy housing market, you have to have both new construction and preservation efforts,” Maxwell said. “We

Tenants 511

Tenants Finance Construction Government 511

Appraisal Buzz

JUNE 14, 2024

Strategic Solutions for Today’s Homebuyers New construction financing and meeting the demand for new homes: According to the National Association of Home Builders (NAHB), in March, 33% of all home sales were new construction financing. This represents a competitive challenge for buyers relying on financing.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

APRIL 28, 2023

Over the next 10 years, the partnership could result in “up to $1 billion” in capital and financing from Wells Fargo and grants from the Wells Fargo Foundation, the companies said. The partnership represents Wells Fargo’s largest minority home lending and development initiative to date.

Lending 459

Lending Retail Development Investing 459

Housing Wire

DECEMBER 1, 2021

As the housing market changes, so does lending fraud. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection. He set his sights on CapLOC , a North Carolina-based mortgage lender, and tried to sell CapLOC First Mortgage Company’s lending arm.

Mortgage 544

Mortgage Insurance Lending Government 544

Housing Wire

JULY 14, 2022

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . The lender was planning to offer construction loans but rising interest rates put a halt to that and forced Kiavi to issue pink slips. .

Human Resources 418

Human Resources Investors Construction Legal 418

Housing Wire

JANUARY 2, 2024

Any one of these indicators points to a housing finance industry ripe for innovation. Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Right now, there’s both a compelling need and the technological capacity to do mortgage lending differently.

Mortgage 464

Mortgage Modernization Finance Supply Chain 464

Housing Wire

APRIL 28, 2021

“With a similar culture and alignment of values, Veritex has helped Thrive grow by understanding our business and assisting Thrive with tailored financing, including construction warehouse lending. The investment in Thrive comes amid a wave of M&A activity in the mortgage lending space.

Mortgage 370

Mortgage Lending Investing Retail 370

Appraisal Buzz

AUGUST 22, 2024

Higher interest rates have tempered borrowing in some sectors, particularly in regions or property types that are more sensitive to financing costs. Looking ahead, the MBA remains cautiously optimistic about the commercial and multifamily lending landscape. Meanwhile, under-construction office space totaled 73.8

Investing 435

Investing Retail Construction Tools 435

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Planet was the third largest correspondent lender in the first quarter of 2023, following Pennymac Financial and AmeriHome Mortgage , per Inside Mortgage Finance (IMF) estimates.

Retail 418

Retail Mortgage Lending Renovations 418

Housing Wire

JANUARY 31, 2023

The right product mix When Finance of America Companies closed its forward mortgage origination unit in October, Steven Reich, a former COO at Finance of America Mortgage , and some branch managers wanted to stick together as a pack. One of the things that they do well is construction and renovation loans in-house,” Barnes said.

Mortgage 418

Mortgage Loan Officers Retail Finance 418