Housing Wire

NOVEMBER 28, 2022

The concern about nonbanks began following the Great Recession of 2008 and became exacerbated in the Obama administration as policymakers saw the rapid rise in market domination of the IMB (independent mortgage banker) and the similar de-emphasis of lending from the banking sector, especially in the Ginnie Mae programs.

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Lending Mortgage Insurance Investors 317

Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency secondary market ( Ginnie Mae , Fannie Mae , Freddie Mac ).

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Lending Development Government Finance 422

Housing Wire

JULY 28, 2021

To highlight a few points, let me start with his reference to Countrywide Mortgage , which dramatically failed in the heat of the 2008 Great Recession. Countrywide led the market in adverse selection and poor lending practices. They are the insurance company. Rossi contends that they failed due to a liquidity crisis.

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Insurance Lending Mortgage Investors 404

Housing Wire

APRIL 8, 2022

housing market crashed in 2008. However, this approach depends on assumptions of perfect markets and fair lending, which are not automatic. Public utilities are owned by private investors and regulated by state or federal regulators, and every state has a utility commission that sets rates. If the U.S. housing market.

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Government Lending Finance Housing Market 486

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. It was the biggest bank failure since Washington Mutual collapsed in 2008. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said. ”

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Mortgage Clients Retail Marketing 351

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. These big banks attract customers by offering low rates on home loans; then, they try to sell those clients credit cards, insurance and other products and services. from June 2022.

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Insurance Mortgage Clients Lending 315

Housing Wire

JANUARY 12, 2022

“Redwood, through our Sequoia program [as of year-end 2021] has securitized nearly $30 billion of high-balance loans, across 76 deals since 2008,” Robison said. “We But does it go the way of the second-home and investor-loan caps … six or nine months from now?”

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Marketing Government Construction Mortgage 386

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. Credit Suisse through its subsidiary DLJ Mortgage Capital Inc.,

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Supply Chain Mortgage Investors Business 344

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. ” Just a little less vanilla. and Sprout Mortgage.

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Mortgage Loan Officers Finance Investors 384

Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA).

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Lending Housing Market Marketing Real Estate 28

Housing Wire

JUNE 27, 2022

Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. All-cash sales made up 25% of transactions in May, with 16% coming from individual investors or second-home buyers taking advantage of the rising demand for renting, according to the NAR.

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Housing Market Marketing Brokerage Real Estate 400

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. of the U.S. population. An army of door-knockers.

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Law Mortgage Legal Finance 339

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

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Appraisal Architecture Business Contracts 52

Assurance Financial

JUNE 15, 2023

Its purpose is to provide liquidity and stability to the housing market by buying mortgages from home loan lenders and securitizing them into mortgage-backed securities (MBS) that are sold to investors. mortgage market by purchasing mortgages from lenders, pooling them together and then selling them as mortgage-backed securities to investors.

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Government Housing Market Mortgage Investors 36

Patch of Land

OCTOBER 5, 2018

Congress has opportunities to address some of the challenges financial technology firms face in the lending sector. The pace of financial technology innovation in the alternative lending space is nothing short of phenomenal, but it has meant headaches for lenders and vendors waiting for regulation to play catch-up.

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Lending Law Technology Investors 35

Listing Spark

OCTOBER 13, 2022

In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58] 00:19:04] Why the current housing market is different than what happened in 2008. The last time there was a housing market crash in 2008, lenders played a big role. If you look back in 2008, we had this absolutely massive amount of inventory.

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Housing Market Real Estate Marketing Buyers 36

Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements.

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Easement Contracts Appraisal Inspection 52