Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool.

Loan Officers 333

Loan Officers Mortgage Real Estate Agent Real Estate 333

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

Housing Market 407

Housing Market Marketing Insurance Mortgage 407

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgage 406

Mortgage Finance Insurance Lending 406

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. That’s not saying all that much. Still, signs of new life have emerged over the past seven months. A sleeping giant?

Mortgage 329

Mortgage Loan Officers Lending Business 329

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. The residential mortgage loan balance for First Internet was $383.9

Business 378

Business Mortgage Lending Insurance 378

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing. Congratulations to the 2023 Women of Influence winners.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

NOVEMBER 4, 2022

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. Several trade groups including the Mortgage Bankers Association have corresponded with the HUD Secretary in support of cuts. At least 137,000 of those borrowers have FHA-insured loans.

Insurance 322

Insurance Mortgage Development Valuation 322

Housing Wire

DECEMBER 7, 2023

The full session videos are only available to HousingWire Subscribers. Not subscribed yet?

Modernization 347

Modernization Retail Valuation Insurance 347

Housing Wire

MAY 7, 2024

Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. Hoffman has spent more than 30 years in mortgage banking, 22 of them at Flagstar, where he started as an account executive. lender in the space.

Finance 320

Finance Lending Clients Investing 320

Housing Wire

JUNE 20, 2023

North Carolina-based Truist Financial Corporation announced on Tuesday that seasoned mortgage executive David Smith will be the head of Truist Mortgage effective July 31. mortgage lender and servicer, has shrunk amid a challenging mortgage market. billion through TPO in Q1 2023, down 67.2% Truist, a top U.S.

Business 318

Business Mortgage Retail Lending 318

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

Insurance 302

Insurance Inventory Mortgage Lending 302

Housing Wire

MAY 28, 2024

Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. ” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. .

Property Taxes 306

Property Taxes Lending Insurance Sellers 306

Housing Wire

APRIL 24, 2023

As an industry leader, maintaining relationships with mortgage and title professionals could take your business to the next level, and mortgage professional David Lykken wants to help you achieve those goals. David Lykken is the founder, president and chief transformation officer at Transformational Mortgage Solution (TMS).

Real Estate 290

Real Estate Brokerage Valuation Insurance 290

Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. Congratulations to the 2023 Rising Stars!

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 345

Tools Mortgage Finance Lending 345

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 308

Housing Market Mortgage Marketing Real Estate 308

Housing Wire

OCTOBER 18, 2023

mortgage lender Bank of America (BofA) reported declining mortgage and home equity production in the third quarter of 2023, compared to the previous quarter. Mortgage, home equity volumes BofA’s mortgage originations totaled $5.6 billion during the third quarter of 2023, a 5.8% Top-20 U.S.

Mortgage 311

Mortgage Insurance Lending Business 311

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. Republic had an active business that specialized in jumbo mortgage products. Ultimately, it originated about $50 million in mortgages in 2023, per mortgage tech platform Modex.

Loan Officers 306

Loan Officers Insurance Mortgage Lending 306

Housing Wire

OCTOBER 18, 2023

The Federal Housing Administration (FHA) is working to offer a new partial claim option before the end of 2023, according to the federal housing commissioner at the U.S. The commissioner also discussed the rise in mortgage loan assumptions. Department of Housing and Urban Development (HUD), Julia Gordon. 14-17 in Philadelphia.

Mortgage 356

Mortgage Government Insurance Tools 356

Housing Wire

JULY 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

Insurance 320

Insurance Brokerage Clients Real Estate Agent 320

Housing Wire

AUGUST 16, 2023

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit. As reported in our most recent Mortgage Credit Potential Index (MCPI), YoY we are seeing a 27% drop in inquiries overall.

Inventory 308

Inventory Lending Mortgage Insurance 308

Housing Wire

APRIL 24, 2024

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. This year 80 honorees were selected.

Real Estate 422

Real Estate Realty Realtors Project Management 422

Housing Wire

NOVEMBER 29, 2023

1, 2024, a ‘high balance loan’ is defined as a single-family forward mortgage loan with an original principal balance (minus the amount of any up-front mortgage insurance premium) that exceeds the [new] limits,” the company said in a statement. These figures are net of any financed mortgage insurance premium or guaranty fee.)

Insurance 326

Insurance Finance Government Mortgage 326

Housing Wire

MARCH 5, 2024

LenderLogix , a provider of white-label mortgage software, has integrated with AccountChek , a digital verification service for assets, income and employment, the companies announced on Tuesday. AccountChek was acquired in March 2023 by publicly traded title insurer Stewart Information Service Corp.

Clients 337

Clients Insurance Tools Lending 337

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Business 361

Business Investors Finance Home Improvement 361

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, Lind points to Finance of America Mortgage , First Guarantee Mortgage Corp. billion, up from $2.1

Business 309

Business Lending Investors Finance 309

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 357

Marketing Mortgage Investors Sellers 357

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte.

Retail 367

Retail Development Finance Lending 367

Housing Wire

OCTOBER 16, 2023

New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program. billion to assist homeowners, a 32% increase from Q1 2023.” percent or 1.5

Design 450

Design Insurance Construction Development 450

Housing Wire

NOVEMBER 30, 2022

Each year, the TECH100 awards recognize the 200 most influential tech companies in mortgage and real estate that are working to improve the housing industry through tech innovation. Among this impressive list of submissions, companies like 2022 TECH100 honoree Voxtur are working to improve the entire lending lifecycle.

Real Estate 314

Real Estate Insurance Technology Lending 314

Housing Wire

JANUARY 2, 2024

New York-based nonbank mortgage lender RealFi (formally known as Residential Home Funding Corp. However, two former employees said the company communicated it’s shutting down its mortgage lending business. The company’s executives held a conference call with employees on Dec.

Loan Officers 395

Loan Officers Lending Mortgage Insurance 395

Housing Wire

FEBRUARY 1, 2023

Building the future of mortgage servicing technology is about granular, nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated. Connect with them in 2023 and build the future of servicing fintech together.

Mortgage 393

Mortgage Technology Modernization Investors 393

Housing Wire

AUGUST 23, 2023

million loss in the first quarter of 2023, per Securities and Exchange Commission (SEC) filings.) Since the deal announcement, Better’s employment count dropped from 11,000 employees in 2020 to 950 workers as of June 2023. Better faced the deterioration of the mortgage market due to surging rates. Better HoldCo, Inc.

Finance 347

Finance Insurance Mortgage Realtors 347

Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

Insurance 335

Insurance Finance Inventory Mortgage 335

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. These regulations included two changes, the first to Significant Deferred Maintenance/Special Assessments and secondly to Insurance Deductibles.

Buyers 66

Buyers Lending Insurance Mortgage 66

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. That’s 20 basis points higher than the international standard.

Mortgage 313

Mortgage Marketing Lending Finance 313

Housing Wire

APRIL 10, 2023

In early March, when mortgage rates started their climb back toward 7%, originations faced pronounced downward pressure. The 30-year fixed mortgage rate climbed to the highest levels of the year in early March, reaching 6.8% by the end of the month, Black Knight’s Optimal Blue mortgage market indices showed.

Marketing 330

Marketing Insurance Housing Market Mortgage 330