How Freddie Mac is addressing affordable housing challenges

Freddie Mac created its Housing Solutions team in 2020 to reduce barriers to homeownership and provide solutions to some of the nation’s toughest housing challenges.

What is the next step for NAR?

In this Q&A, Senior Real Estate Reporter Matthew Blake gives us the inside scoop on what happened at NAR’s annual conference, including the latest on the DOJ investigation.

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

What’s next for the maligned real estate appraiser?

In this episode of Houses in Motion, a series that is part of the HousingWire Daily podcast lineup, St. Petersburg, Florida-based appraiser Francois “Frank” Gregoire discusses issues in the appraisal industry.


HomeBridge completes purchase of operating assets of Prospect Mortgage

Adds 500 mortgage loan originators from Prospect

HomeBridge Financial Services, a national independent mortgage lender based in Iselin, New Jersey, officially completed the purchase of the operating assets of Prospect Mortgage from Prospect Holding Company.

The move, according to HomeBridge, makes it “one of the largest nonbank mortgage lenders in the country, with retail branches nationwide and two wholesale divisions, REMN Wholesale and HomeBridge Wholesale.” The purchase also added approximately 500 mortgage loan originators from Prospect, responsible for $8.4 billion in loan production in 2016.

And on top of the added originators, HomeBridge’s retail footprint now includes more than 250 branch locations in 35 states.

“Through the acquisition, we now have improved access to capital while remaining the entrepreneurial and nimble mortgage lender the industry knows us as,” said HomeBridge CEO Peter Norden.

Under the agreement, HomeBridge President Joel Katz and Chief Operating Officer Joe Sheridan will continue to lead the business. Also, Michael Williams, Prospect's chairman and CEO, will remain with HomeBridge in an advisory role for the immediate future.

The purchase was first announced in November 2016 and came shortly after predictions from the Mortgage Bankers Association estimated that mortgage acquisitions would be increasing. 


Most Popular Articles

Will Omicron variant stop first Fed rate hike?

What does news about the spread of the new Omicron variant mean for mortgage rates? Lead Analyst Logan Mohtashami lays out what to watch.

Nov 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please