Apply Online
Schedule a Call

Mortgage

Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated

Adjustable-Rate Mortgage, Bank of America, Buydown, Freedom Mortgage, Guild Mortgage, HWmember, JPMorgan Chase, LendingLife, Mortgage, Mortgage Bankers Association, Origination /

Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market. Bayview Asset Management — which closed its acquisition of Guild Mortgage in November — rolled out a new program on Monday. Partnering with real estate […]

Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated Read More »

Lenders wrestle with the nuances of modern credit score pricing

Credit Score, FICO, Guild Mortgage, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, NewRez, Origination, VantageScore /

Mortgage lenders are currently wrestling with a high-stakes puzzle: how to accurately compare the new credit score models hitting the market. The differences are significant and carry major implications for risk assessment, loan pricing and secondary market returns. In late April, the Federal Housing Finance Agency (FHFA) rolled out a program allowing the exclusive use

Lenders wrestle with the nuances of modern credit score pricing Read More »

Illinois creates regulatory framework for home equity investments

Consumer Protection, Home Equity, HWmember, Illinois, Mortgage, Regulatory Compliance, Reverse /

Regulators in Illinois have approved what a group of home equity investment (HEI) providers calls the most comprehensive state regulatory framework to date for shared equity products, a fast-growing alternative to traditional home equity loans and reverse mortgages. The rule was adopted under the Illinois Department of Financial and Professional Regulation (IDFPR)’s mortgage licensing regulations.

Illinois creates regulatory framework for home equity investments Read More »

MortgageOne TPO integrates with ARIVE, launches Pathway CDFI

HWmember, LOS, Mortgage, Mortgage Broker, Origination, Wholesale Lending /

MortgageOne TPO, a wholesale mortgage lender and Department of the Treasury-certified Community Development Financial Institution (CDFI), has integrated with the ARIVE platform and launched Pathway, a flagship CDFI loan program aimed at borrowers underserved by traditional mortgage guidelines, the company announced. The dual rollout is being led by MortgageOne TPO managing directors Rich Phillips and

MortgageOne TPO integrates with ARIVE, launches Pathway CDFI Read More »

FHA turns attention to the ‘flipping rule’ and AVMs

Automated Valuation Model, Delinquencies, Federal Housing Administration, FHA loan, Fix and Flip, HWmember, LendingLife, Mortgage, Origination /

The Federal Housing Administration (FHA) would like to review its anti-flipping rule and reforms to automated valuation models (AVMs), according to Matt Jones, deputy assistant secretary for the FHA’s Office of Single-Family Housing. “We think our AVM, our valuation technology, has improved significantly since that rule was put in place a couple decades ago,” Jones

FHA turns attention to the ‘flipping rule’ and AVMs Read More »

Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios

Delinquencies, FHA, FHA loan, Ginnie Mae, Government Lending, HWmember, LendingLife, Mortgage, Mortgage Servicing, Servicing /

Ginnie Mae President Joseph Gormley, who is also serving as acting commissioner of the Federal Housing Administration (FHA), said the counterparties participating in Ginnie Mae’s program have evolved significantly since the Great Financial Crisis, with greater exposure to independent mortgage banks (IMBs) that have invested heavily in governance and risk management. Still, he cautioned that

Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios Read More »

Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation

Affordability, Aging in Place, HWmember, Kiplinger, Mortgage, Retirement, Reverse, Social Security, Social Security Administration /

The forecast for the 2027 cost-of-living adjustment (COLA) for Social Security benefits has risen sharply to 3.9%, driven by persistent inflation in housing, utilities and energy, according to new data released by The Senior Citizens League. The projection — up from a steady 2.8% estimate just one month ago — would raise the average monthly

Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation Read More »

Rate brings on Arizona-based LO Kelsey Marquardt

Arizona, HWmember, Loan Officer, Mortgage, People Movers, Rate /

Rate has added Scottsdale, Arizona-based loan originator Kelsey Marquardt to the company, the Chicago-based national mortgage lender announced Friday, as competition for high-producing loan officers continues across the mortgage industry. Marquardt, who has generated more than $85 million in loan production, joins Rate after a three-month stint at Universal Lending Corp. She previously built her

Rate brings on Arizona-based LO Kelsey Marquardt Read More »

How loan officers are saving deals as mortgage rates cross 6.6%

HWmember, LendingLife, Loan Officer, Mortgage, Mortgage Rates, Origination, Sales Techniques /

Loan officers are shifting their playbooks to keep deals alive as mortgage rates climb north of 6.6%. Originators are encouraging borrowers to ask for more seller credits, recalibrate their home search criteria and rush to close deals as quickly as possible. Rates for 30-year fixed mortgages reached 6.62% on Friday afternoon, up 5 basis points

How loan officers are saving deals as mortgage rates cross 6.6% Read More »

KBW says UWM is well positioned despite market pressures

Artificial Intelligence, HWmember, Keefe, Bruyette & Woods, LendingLife, Mortgage, Mortgage Broker, Origination, Servicing, Subservicer, United Wholesale Mortgage /

Analysts at Keefe, Bruyette & Woods (KBW) said UWM Holdings Corp., the publicly traded parent company of United Wholesale Mortgage (UWM), is positioned for continued growth despite elevated interest rates. It points to expanded broker market share, in-house technology investments and a push to bring mortgage servicing operations fully in-house. In a research note published

KBW says UWM is well positioned despite market pressures Read More »