Housing Wire

OCTOBER 7, 2024

In time for a fall homebuying season that could be busier than usual due to lower mortgage rates , Opendoor has made appointments to a pair of vital roles. The company announced that it has named Selim Freiha its chief financial officer, while Shrisha Radhakrishna assumes the title of chief technology and product officer.

Technology 448

Technology Finance Real Estate Agents 448

Housing Wire

JANUARY 30, 2025

Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Nominations are still open for the 2025 Finance Leaders award. As we gear up for the 2025 Finance Leader awards, his forward-thinking perspective offers a glimpse into the evolving role of finance leaders in real estate.

Real Estate 363

Real Estate Finance Technology Investing 363

Housing Wire

OCTOBER 18, 2024

Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). One Florida mortgage broker said the Provident exit gave him “a feeling that we will see other major lenders exiting the condominium market in Florida.

Marketing 524

Marketing Mortgage Finance Lending 524

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Mortgage 396

Mortgage Renovations Finance Property Taxes 396

Housing Wire

MARCH 4, 2025

The pace of home sales remains near a 30-year low point as home prices and mortgage rates keep potential borrowers in wait-and-see mode. But mortgage rates have posted an unusually large decline in the past week. Mortgage pricing should be down a tad today, he said. This would be a clear headwind to any further rate cuts.

Mortgage 481

Mortgage Contracts Buyers Housing Market 481

Housing Wire

SEPTEMBER 19, 2024

Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident.

Mortgage 493

Mortgage Finance Lending Insurance 493

Housing Wire

APRIL 24, 2024

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Alongside Gallo, Mehmet Elmas was also named in the complaint, filed by a special agent working under the Office of the Inspector General (OIG) at the Federal Housing Finance Agency (FHFA).

Mortgage 543

Mortgage Retail Finance Investing 543

Housing Wire

MARCH 12, 2025

Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. The companys dedication to expanding the availability of its proprietary closed-end second-lien reverse mortgage, HomeSafe Second, also saw a sharp increase to its distribution.

Finance 282

Finance Retail Tools Mortgage 282

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. I discussed this on Yahoo Finance this morning. However, that didn’t happen. million in October.

Mortgage 493

Mortgage Housing Market Inventory Contracts 493

Housing Wire

AUGUST 13, 2024

The CFPB has found that investors are targeting people of faith with predatory mortgage products that set the borrower up to fail,” CFPB Director Rohit Chopra said in a statement. The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.” among subprime loans.

Contracts 482

Contracts Mortgage Law Sellers 482

Housing Wire

OCTOBER 18, 2024

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Ruoff Mortgage is teaming up with fintech company Calque to offer two “buy before you sell“ programs to customers. The Trade-In Mortgage — Calque’s most popular program — functions similar to a vehicle trade-in.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Housing Wire

OCTOBER 18, 2024

The mortgage industry today demands speed, accuracy, and satisfied customers. ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. This digital mortgage setup focuses on turning manual tasks into automated ones.

Modernization 444

Modernization Technology Mortgage Marketing 444

Housing Wire

MARCH 7, 2025

This gives us a glimpse of what may happen over the next 10 months for mortgage rates, especially since, since Jan. However, there is a limit to the downside on mortgage rates until the labor market breaks, or we get more than 1% rate cuts from the Fed. I recently discussed this in an interview with Yahoo Finance.

Marketing 397

Marketing Mortgage Government Construction 397

Housing Wire

MAY 25, 2024

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. 2024 has had healthy inventory growth despite mortgage rates above 7%. When mortgage rates increase, demand falls, and the price-cut percentage grows.

Inventory 521

Inventory Mortgage New Listings Marketing 521

Housing Wire

SEPTEMBER 3, 2024

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving mortgage rates lower.

Mortgage 468

Mortgage Clients Finance Business 468

Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Banks have reduced their exposure to mortgage servicing rights (MSRs) due to expected higher capital requirements and risks.

Investors 476

Investors Mortgage Business Buyers 476

Housing Wire

SEPTEMBER 24, 2024

After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago.

Mortgage 468

Mortgage Housing Market Finance Buyers 468

Housing Wire

SEPTEMBER 23, 2024

A former regional operations manager at CrossCountry Mortgage (CCM) is suing the company over allegations of age discrimination and wrongful termination for her refusal to participate in illegal activities. mortgage lender in the first half of the year, with $15.4 She requests a trial by jury. CCM was the 10th-largest U.S.

Mortgage 475

Mortgage Legal Loan Officers Retail 475

Housing Wire

MARCH 12, 2025

This is AI meets modern home financing and its transforming the way people buy homes, Lane Hornung , co-founder and CEO of zavvie, said in a statement. Our new platform brings unprecedented speed and certainty to home financing, helping loan officers and their clients win more deals. Cash and certainty win deals, Hornung added.

Finance 204

Finance Loan Officers Real Estate Agent Modernization 204

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Real Estate 459

Real Estate Housing Market Real Estate Agent Marketing 459

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.

Mortgage 434

Mortgage Loan Officers Lending Renovations 434

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates. That’s ok — very few people are looking at the data without an agenda.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

SEPTEMBER 1, 2024

The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. However, as mortgage rates have fallen recently , I haven’t been able to hit my targets, which isn’t a surprise.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Housing Wire

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? We don’t have that variable this year and spreads have improved earlier than I thought, which has helped mortgage pricing.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

DECEMBER 18, 2024

Mortgage applications declined 0.7% 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Adjustable-rate mortgage (ARM) activity remained steady at 5.3%

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

SEPTEMBER 6, 2024

The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. Home Equity Conversion Mortgage (HECM) endorsements fell by 3.3% Finance of America (FOA) saw 7.3% Guild Mortgage (10.2%), Mutual of Omaha Mortgage (4%) and Longbridge Financial (0.7%) also posted gains.

Mortgage 475

Mortgage Finance Design Marketing 475

Housing Wire

JANUARY 9, 2025

The Consumer Financial Protection Bureau (CFPB) in December released its 2023 Mortgage Market Activity and Trends report, which included a brief look at activity from the reverse mortgage industry based on Home Mortgage Disclosure Act (HMDA) data from 2023. of all reverse mortgage originations reported under the guidelines.

Mortgage 363

Mortgage Finance Insurance Lending 363

Housing Wire

DECEMBER 11, 2024

Mortgage applications increased 5.4% 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks. share a week prior.

Mortgage 397

Mortgage Contracts Government Inventory 397

Housing Wire

OCTOBER 3, 2024

The reverse mortgage industry could begin seeing some benefits of lower interest rates , but endorsement volume and securities issuance largely continued its trend from the prior month. Home Equity Conversion Mortgage (HECM) endorsements fell by 2.1% Case numbers increased by 7.1% Refinances rose sharply as well, up 25.7%

Mortgage 447

Mortgage Finance Marketing Lending 447

Housing Wire

DECEMBER 23, 2024

Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. And some reverse-only companies have aimed to establish firmer ties with the much larger forward mortgage industry.

Lending 396

Lending Mortgage Finance Marketing 396

Housing Wire

FEBRUARY 20, 2025

The National Reverse Mortgage Lenders Association (NRMLA) board of directors is poised to grow by one member. Richard Thorpe, the divisional vice president of CrossCountry Mortgage (CCM)s reverse mortgage division, was announced Thursday as NRMLA’s newest board member. The company originated $25.6

Mortgage 350

Mortgage Retail Lending Finance 350

Housing Wire

OCTOBER 23, 2024

Stubbornly high rates have hindered mortgage demand , but at least it’s better than it was a year ago. Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) weekly applications survey for the week ending Oct.

Mortgage 476

Mortgage Inventory Buyers Marketing 476

Housing Wire

OCTOBER 4, 2024

Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower, which it has. This is also one reason I have been discussing how mortgage rates have bottomed for 2024. However, it works both ways.

Mortgage 493

Mortgage Construction Retail Government 493

Housing Wire

JANUARY 14, 2025

Mortgage rates continued their ascent this week after Fridays jobs report showed that employers added more positions than expected in December, which is likely to cement a pause on interest rate cuts by the Federal Reserve later this month. Merritt thinks mortgage lenders could take some comfort in that trend.

Mortgage 418

Mortgage Housing Market Tools Marketing 418

Housing Wire

OCTOBER 30, 2024

A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% The refinance share of mortgage activity decreased to 43.1% the previous week.

Mortgage 468

Mortgage Government Inventory Marketing 468

Housing Wire

OCTOBER 23, 2024

Chicago-based Rate was the eighth-largest mortgage lender in the country during the first half of 2024, according to estimates from Inside Mortgage Finance. Victor Ciardelli: There is a profound shift taking place in the mortgage industry. This interview has been edited for clarity and length.

Mortgage 435

Mortgage Technology Development Finance 435

Housing Wire

OCTOBER 30, 2024

Lower mortgage rates in September had a measurable impact on home sales. Pending home sales data is the latest sign that falling mortgage rates in August and September boosted home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% year over year.

Mortgage 476

Mortgage Realtors Housing Market Finance 476