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.

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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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Modernization Mortgage Design Advertising 367

Housing Wire

JANUARY 27, 2025

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity. Unlock Partnership Solutions case in the U.S.

Contracts 365

Contracts Mortgage Property Taxes Law 365

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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Lending Mortgage Tools Development 443

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 441

Lending Mortgage Loan Officers Brokerage 441

Housing Wire

DECEMBER 2, 2024

“We are expanding the availability of our Homebuyer Access grant program to additional areas to expand opportunities for low-to-moderate income homebuyers,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement. Wells Fargo’s mortgage originations reached $5.5 Wells Fargo’s mortgage originations reached $5.5

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Lending Retail Mortgage Investing 396

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. Mortgage professionals must keep up with the new demand for home equity products in the new market. Jonathan Scarpati: I started with Senior Lending Network out of New York. This interview has been edited for length and clarity.

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Finance Marketing Lending Mortgage 367

Housing Wire

NOVEMBER 26, 2024

Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank’s mortgage trading desk, the parties announced on Tuesday. Pylon, founded in 2022, has Peter Thiel, the co-founder and former CEO of PayPal , among its investors.

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Investing Mortgage Technology Lending 407

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. That’s not sustainable for a healthy mortgage industry. Click here to nominate someone.

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Lending Mortgage Technology Tools 455

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. The companys tech-driven approach to lending is proving attractive to investors. The company is licensed in 31 states and Washington, D.C., and it has existing offices in Detroit and Seattle.

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Mortgage Investors Insurance Loan Officers 323

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S. increase.

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Lending Retail Contracts Construction 436

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75 Cincinnati-based First Financial Bank has agreed to direct $2.4

Investing 426

Investing Mortgage Lending Loan Officers 426

Housing Wire

MARCH 3, 2025

HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries.

Finance 363

Finance Real Estate Realty Lending 363

Housing Wire

FEBRUARY 20, 2024

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. The division’s leadership team will now also include Dan Ventura, who has served at Fairway since 2007 and last year was appointed as VP of reverse mortgage operations.

Investing 455

Investing Mortgage Lending Business 455

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. The launch of Figure Technology Solutions comes a few months after Bloomberg reported that Figure Technologies was working with multiple investment banks — including Goldman Sachs Group Inc. ,

Lending 445

Lending Technology Investors Development 445

Housing Wire

FEBRUARY 10, 2025

Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C. The expansion includes the states of Alaska, Delaware, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, Nebraska, New Hampshire, North Dakota, South Dakota and Wyoming.

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Lending Investing Real Estate Investors 254

Housing Wire

NOVEMBER 20, 2024

Fair Lending Act. According to the document, HSBC allegedly engaged in discriminatory lending practices in majority Black and Hispanic neighborhoods in six U.S. and we are honored to support these efforts through our loans, investments and grants.” According to the mortgage tech platform Modex , HSBC originated about $3.5

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Loan Officers Lending Development Investing 416

Housing Wire

MAY 21, 2024

Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. Bill Shuler Before joining Planet, Shuler was president of WPS Advisors , a financial firm that provides investment management services.

Lending 434

Lending Technology Business Finance 434

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S.

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Retail Lending Loan Officers Finance 439

Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. CFPB Director Rohit Chopra praised Ficklin’s fair lending work in a statement published by American Banker.

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Lending Human Resources Law Government 434

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 427

Lending Technology Training Investing 427

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

Lending 481

Lending Clients Business Real Estate 481

Housing Wire

JANUARY 9, 2025

The Mortgage Firm , a Florida-based mortgage lender, has agreed to invest $1.5 A spokesperson at The Mortgage Firm told HousingWire thatthroughout its 29-year history, the company has been committed to providing equal credit access to all communities within its lending footprint.

Investing 393

Investing Mortgage Lending Law 393

Housing Wire

OCTOBER 7, 2024

In the modern mortgage landscape, quality control (QC) stands as a critical pillar supporting the industry’s integrity and stability. This approach integrates QC principles throughout the lending process, from application to servicing.

Lending 459

Lending Mortgage Training Technology 459

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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Mortgage Training Construction Investors 282

Housing Wire

OCTOBER 2, 2024

Prior to founding Pretium, Mullen was the head of global credit and mortgages at Goldman Sachs. Pretium is a real estate investment firm that focuses on single-family rental (SFR), build-to-rent (BTR) and fix-and-flip properties. All of this occurs without the need to invest in a securitization.

Real Estate 459

Real Estate Investing Landlords Tenants 459

Housing Wire

FEBRUARY 25, 2025

Choosing the right hard money lender for your investment project can be challenging. With nearly three decades of experience in real estate and investing, Ive worked with hard money lenders to secure financing for everything from simple fix-and-flip projects to multi-million-dollar apartment building rehabs.

Renovations 349

Renovations Real Estate Investors Investing 349

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. The profitable lending business has more than a 50% contribution margin, he said in a meeting.

Lending 454

Lending Valuation Technology Retail 454

Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

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Loan Officers Technology Business Mortgage 431

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.”

Lending 239

Lending Technology Tools Mortgage 239

Appraisal Buzz

NOVEMBER 15, 2024

More than 1,800 homeowners who bought a home during the last ten years with a mortgage loan and are currently homeowners participated in TD Bank’s HELOC Trend Watch nationwide poll. Residential Lending at TD Bank. Trends in how homeowners are increasing their equity are examined in the poll. housing supply.

Renovations 370

Renovations Lending Investing Home Improvement 370

Housing Wire

OCTOBER 22, 2024

The third-quarter financials for Pennymac Financial Services illustrate the double-edged sword of declining interest rates for mortgage companies. With lower rates and more opportunities to refinance mortgages, Pennymac generated a pretax income of $108 million in Q3 2024 in its production segment, up from $41.3 million in Q3 2023.

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Government Investing Mortgage Valuation 432

Housing Wire

JANUARY 13, 2025

mortgage lender loanDepot announced the promotion of regional sales director Bart Evans to regional vice president for the Southeast region. The new regional vice president brings a bit more to his role than executive mortgage experience. The new regional vice president brings a bit more to his role than executive mortgage experience.

Lending 365

Lending Retail Business Construction 365

Housing Wire

FEBRUARY 7, 2025

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. It’s a nonrecourse loan that is negatively amortizing, and balances increase over time.

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Business Mortgage Contracts Law 276

Housing Wire

JULY 8, 2024

We believe that combining the Archwest team’s deep lending and operational capabilities with a bespoke capital solution from Bain Capital sets Archwest up to be the leader in the non-owner occupied residential lending space.” housing stock,” David DePrez, managing director for Bain Capital, said in prepared remarks. “We

Investing 433

Investing Legal Lending Landlords 433

Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in.

Law 376

Law Lending Modernization Investors 376

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. In the mortgage space, TD Bank was a top-35 U.S. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates.

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Investing Lending Finance Business 436