Longbridge appoints new head of credit policy, underwriting and QC by Chris Clow for HousingWire

HousingWireHousingWire Financial services veteran Patrick Halonen has joined reverse mortgage lender and servicer Longbridge Financial as the company’s new head of credit policy, underwriting and quality control. “With over 25 years of expertise in the financial services industry, Halonen’s appointment underscores Longbridge’s continued commitment to enhance its operational frameworks as…

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CHLA urges FHFA director to keep issues for small IMBs in mind by Chris Clow for HousingWire

HousingWireHousingWire Given the current housing environment in the U.S., the Federal Housing Finance Agency (FHFA)’s new leader should prioritize the affordable housing footprint across the country, find ways to cut costs in the origination of mortgages and take additional moves designed to mitigate risk. This is according to the Community…

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Vishal Garg says Better’s AI could underwrite 75% of mortgages by year’s end by Sarah Wolak for HousingWire

HousingWireHousingWire Better‘s fourth-quarter and full-year 2024 earnings call showcased the company’s growing revenue and its plans to further integrate artificial intelligence into the mortgage process. Vishal Garg, Better’s CEO and founder, said that despite a market with historically low housing affordability and persistently high mortgage rates, Better saw progress in…

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SFR investors scaled back home buying in 2024 by Jonathan Delozier for HousingWire

HousingWireHousingWire Institutional home-buying activity remained subdued last year as transactional players — including iBuyers, flippers, and sales leaseback firms — dominated the market. While major single-family rental (SFR) funds continued to make acquisitions, their volume was significantly lower than during the post-pandemic surge of 2021. An analysis by SFR Analytics,…

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