Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Magazine

2019 HW Vanguard: William Newman

Home Point Financial President and CEO

Known for his knowledge of the industry and innovation, William Newman has led many initiatives since becoming president and chief executive officer of Home Point Financial in 2014. 

Newman holds a bachelor’s in business administration in finance from the University of Michigan and a master of business administration in finance and business economics from Wayne State University. 

With over 25 years of mortgage industry experience, Newman led Home Point Financial to increase its loan volume by 98.5% from the first quarter of 2019 through the second quarter of 2019. Newman is one of the primary architects behind InterFirst Wholesale Mortgage Lending’s Development. In 1997, Newman was a part of the creation of ABN AMRO Mortgage Group, after InterFirst’s parent company, Standard Federal Bank, was acquired by ABN AMRO.

While he was with ABN AMRO Mortgage Group, he led development of the first Internet-based wholesale lending portal, named Mortgages Online at InterFirst. Newman also rebuilt Mortgage.com, turning it into a consumer direct website and lending operation. With a partnership with Cole Taylor Bank in 2010, Newman started up Cole Taylor Mortgage, helping lead them to become a top 40 lender and servicer. In 2014, Stone Point Capital and Newman created Home Point Capital, which operated as Home Point Financial with the acquisition of Maverick funding in 2015. Newman lead the Customer For Life Program, which centers brokers in the mortgage space. He also oversaw the integration into the ARIVE platform.

What one habit has made a crucial difference in your success?

“Curiosity. Curiosity drives us to learn, and learning gives us the tools to succeed. Never stop wondering how things work, because that way you can make them work better. A curious mind is an incomparable advantage.”

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3d rendering of a row of luxury townhouses along a street

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