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Planet Home Lending adds new regional sales manager

Housing Wire

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S.

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The Similarities Between 2007 and Today

Appraisal Buzz

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Appraisers’ jobs are not to facilitate mortgage lending. The post The Similarities Between 2007 and Today appeared first on Appraisal Buzz.

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Why mortgage lending standards will ease in 2021

Housing Wire

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S. housing market.

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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.

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Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers. In 2022 , it added Lone Peak Lending. PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders.

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Stepping up the fight against fraud in mortgage lending

Housing Wire

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations. Data-driven analysis. Covid challenges.

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Opinion: Riding the wave

Housing Wire

After the last crash, builders scaled back significantly and never fully recovered to pre-2007 levels. Stringent lending standards In the aftermath of the 2008 housing crisis, lax lending standards were identified as a major contributor. In 2024, the housing market is set to continue on.

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