Apply Online
Schedule a Call

Mortgage

Finance of America expands HomeSafe Second reverse mortgage to three more states

Finance of America, HELOC, Home Equity, HWmember, Mortgage, Retirement, Reverse, Reverse Mortgage Daily /

Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage, […]

Finance of America expands HomeSafe Second reverse mortgage to three more states Read More »

Banks eye bigger role in mortgages as regulators reconsider capital rules

AmeriHome, Bank of America, Banking, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, Origination, Regulatory, U.S. Bank /

Top banks in the mortgage space, which have relied on a similar playbook for years, say they could become more active if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But any shift in strategy is expected to take time. Depositories typically focus on their existing customer base, ranging from

Banks eye bigger role in mortgages as regulators reconsider capital rules Read More »

MBA’s Broeksmit on Trump orders, AI and mortgage affordability at ICE X26

Bob Broeksmit, HWmember, ICE Mortgage Technology, Intercontinental Exchange, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Trump administration /

“Just when I think things are falling in place, another wild card arrives,” Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said Tuesday morning at ICE Experience’s X26 annual mortgage conference.  In a conversation with ICE Mortgage Technology President Bob Hart that spanned recent executive orders, mergers and acquisitions, and artificial intelligence, Broeksmit admitted

MBA’s Broeksmit on Trump orders, AI and mortgage affordability at ICE X26 Read More »

Mortgage rates rise amid U.S.-Iran uncertainty

Federal Reserve, HWmember, Jerome Powell, Keefe, Bruyette & Woods, Mortgage, Mortgage Rates, Mortgage Rates Center, Trump administration /

Mortgage rates saw moderate increases in the past week as global economic uncertainty around the U.S.-Iran conflict continues, putting a damper on what was previously expected to be a brisk spring homebuying season. Mortgage News Daily reported Friday that 30-year fixed rates spiked to a seven-month high point of 6.41% before retreating to 6.36% on

Mortgage rates rise amid U.S.-Iran uncertainty Read More »

Trump executive orders target housing supply and mortgage credit

CFPB, Donald Trump, FHFA, Housing Market, HUD, HWmember, Mortgage, Regulatory, Trump administration /

President Donald Trump on Friday announced two executive orders that aim to increase the U.S. housing supply and consumer access to mortgage credit. One of the orders directs various federal agencies — including the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) — to work together on reviewing

Trump executive orders target housing supply and mortgage credit Read More »

Is Opendoor playing the builder rate buydown game?

Affordability, Home Prices, HWmember, LendingLife, Mortgage, Mortgage Rates, Opendoor, Origination /

iBuyer Opendoor’s recently launched mortgage product — which promises below-market interest rates after the company removed its markup — has sparked debate across the industry about who absorbs the cost and whether the model is sustainable. Some industry professionals view the offering as similar to the strategy many homebuilders use — providing below-market mortgage rates

Is Opendoor playing the builder rate buydown game? Read More »

NFM Lending adds South Carolina producer Phil Crescenzo Jr.

HWmember, Lenders, LendingLife, Loan Officer, Mortgage, Origination, People Movers, South Carolina, Team Leaders /

Phil Crescenzo Jr., a high-producing loan officer in South Carolina, is joining NFM Lending. The move was announced Friday on social media by NFM managing director Greg Sher. Crescenzo comes to NFM after a two-year stint as Southeast division manager for Nation One Mortgage Corp. His prior experience also includes roles as a producing branch

NFM Lending adds South Carolina producer Phil Crescenzo Jr. Read More »

West Capital Lending sues loanDepot, alleges unlawful pay scheme

Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Mortgage, Truth in Lending Act /

West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in the U.S. District Court for the Central District of California, marks the latest escalation in a bitter legal feud between the two companies.

West Capital Lending sues loanDepot, alleges unlawful pay scheme Read More »

Newrez is waiving lender title insurance on some refis

HWmember, LendingLife, Mortgage, Mortgage Broker, NewRez, Origination, Refinancing, Title insurance, Wholesale Lending /

Multichannel mortgage lender Newrez has launched Newrez TitlePass for use in its wholesale channel, giving mortgage brokers a way to waive the lender title insurance requirement on certain refinance loans. This could potentially save borrowers hundreds or thousands of dollars in closing costs, the company said Monday. The program is offered exclusively through Newrez’s affiliated

Newrez is waiving lender title insurance on some refis Read More »

Logan Finance rolls out new product tier for high-balance non-QMs

HWmember, Lenders, Mortgage, Non-QM, Origination, Real Estate Investing /

Logan Finance Corp. announced Monday that it has launched a new premium tier within its Open Road product series aimed at borrowers seeking higher loan amounts than those typically offered through conventional or standard non-QM programs. The new offering, called Open Road Elevated, provides loan amounts of up to $5 million across four programs designed

Logan Finance rolls out new product tier for high-balance non-QMs Read More »