Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. The company ceased operations in July 2017 after years of declining volumes.

Mortgage 282

Mortgage Investors Investing Technology 282

Housing Wire

MARCH 30, 2023

One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages. today and why they’re so different than the period of 2002-2008. There is usually a 1.60%- 1.80% difference between the 10-year yield and 30-year mortgage rate, but now we are at 3%.

Housing Market 484

Housing Market Mortgage Law Marketing 484

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 billion in 2022, up from the previous year’s $2.2

Mortgage 385

Mortgage Investors Development Investing 385

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right.

Mortgage 351

Mortgage Clients Retail Marketing 351

Housing Wire

MARCH 13, 2023

Following the collapse of Silicon Valley Bank last week, the biggest bank failure since Washington Mutual in 2008, two other American banks with significant roles in the housing industry were hit by a deposit run. In the mortgage space, First Republic originated $31.8 California-based First Republic Bank, the 14th-largest U.S.

Mortgage 345

Mortgage Marketing Insurance Real Estate 345

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. We are a solution provider,” said Keith Murray, president and CEO of VRM.

Lending 278

Lending Clients Training Investors 278

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 349

Real Estate Real Estate Agent Technology Investors 349

Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. We have a much better housing ecosystem now for sure.

Inventory 542

Inventory Law Housing Market Design 542

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. In returning from its three-year hiatus, Interfirst said it had reinvented itself as a tech-forward mortgage lender.

Mortgage 353

Mortgage Loan Officers Retail Technology 353

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

Mortgage 349

Mortgage Bracketing Loan Officers Investors 349

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Investors who have been burned by events in China may also start seeing ghosts in other markets and decide the risk profile is just too unfavorable. In the U.S.,

Real Estate 384

Real Estate Housing Market Marketing Investors 384

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. Bank Home Mortgage. But it’s a challenge.

Mortgage 363

Mortgage Technology Development Finance 363

Housing Wire

JULY 17, 2023

Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. “Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. Mozilo was president of the Mortgage Bankers Association (MBA) in 1991-1992.

Lending 348

Lending Mortgage Business Government 348

Housing Wire

JULY 25, 2023

There’s about 8,500 fix-and-flip mortgage lenders in the U.S. So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said.

Finance 321

Finance Marketing Lending Inventory 321

Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

Insurance 423

Insurance Finance Government Mortgage 423

Housing Wire

NOVEMBER 18, 2022

The third quarter used to be historically the strongest of the year for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks. How are higher mortgage rates affecting servicing? Presented by: Acra Lending. At least until 2022.

Lending 347

Lending Mortgage Valuation Business 347

Housing Wire

NOVEMBER 28, 2022

The article was striking to me because it was not long ago that members of a previous administration proposed defining nonbank mortgage lenders as a systemically important financial institution (SIFI) risk as a sector. This entire discussion should be extremely concerning to all in the mortgage industry, especially the IMBs.

Lending 317

Lending Mortgage Insurance Investors 317

Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending.

Lending 422

Lending Development Government Finance 422

Housing Wire

NOVEMBER 17, 2021

Written by an independent third-party auditing firm, the study produces a net present value of the total FHA forward and reverse mortgage portfolios. During the Great Recession of 2008, the forecast actually went negative, resulting in a mandated draw from Treasury to meet the minimum 2% capital reserve ratio requirement.

Insurance 384

Insurance Mortgage Bracketing Government 384

Housing Wire

OCTOBER 2, 2020

There are a few lessons to remember here: Nonbanks did not create the unsustainable mortgage market. Nonbanks are intermediaries that originate loans to the terms of the ultimate investor. These investors included the GSEs, the Ginnie Mae programs, larger bank portfolios, and Wall Street firms.

Government 518

Government Investors Lending Mortgage 518

Housing Wire

JANUARY 18, 2023

There are a few investors, including Pennymac, that are in a good position to take advantage of that opportunity.”. Wells Fargo was the third largest correspondent lender in the country, according to Inside Mortgage Finance , with a market share of 8%, also trailing AmeriHome Mortgage ’s 8.2%.

Clients 368

Clients Investors Lending Mortgage 368

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. The combination of these factors has some feeling 2008 déjà vu. But today’s housing market differs from 2008 in several important ways.

Housing Market 334

Housing Market Finance Marketing Mortgage 334

Housing Wire

MARCH 15, 2023

One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. Signature’s closure followed Silicon Valley Bank ’s collapse on Friday, the biggest bank failure since Washington Mutual in 2008.

Insurance 312

Insurance Investors Real Estate Mortgage 312

Housing Wire

SEPTEMBER 30, 2020

Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. million borrowers, thousands of investors and more than 100 subservicing clients. At the end of Q2, we serviced more than $206 billion in UPB.

Mortgage 353

Mortgage Investors Business Human Resources 353

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. The years 2020-2024 were always going to be different from 2008-2019. Credit worsened from 2005 to 2008.

Housing Market 391

Housing Market Marketing Inventory Lending 391

Housing Wire

JULY 28, 2021

In an alarming move, Ginnie Mae has unleashed a plan that, if implemented, will significantly alter the mortgage markets and raise costs on loans that the majority of first-time homebuyers and minority homebuyers depend on. Countrywide led the market in adverse selection and poor lending practices. There is simply no comparison.

Insurance 404

Insurance Lending Mortgage Investors 404

Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreement by changing the driver of the car starting in May 2022.

Legal 268

Legal Contracts Lending Loan Officers 268

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

SEPTEMBER 20, 2022

Delray Beach, Florida-based mortgage lender ResMac, Inc. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger.

Marketing 331

Marketing Investors Retail Mortgage 331

Housing Wire

FEBRUARY 10, 2021

After the 2008 financial crisis, regulators enhanced long-standing fair lending examination guidelines to incorporate the concept of fair servicing. To be sure, mortgage servicers did not get a pass after the last financial crisis; the hammer dropped, but through a different legal vehicle. Biden Means Business.

Law 401

Law Lending Training Investors 401

Housing Wire

MARCH 9, 2022

Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. Learn here!

Property Taxes 262

Property Taxes Clients Mortgage Technology 262

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.

Government 486

Government Lending Finance Housing Market 486

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%.

Realtors 377

Realtors Housing Market Marketing Buyers 377

Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Nor can we ever have a credit sales boom again with lending standards back to normal.

Inventory 381

Inventory New Listings Law Housing Market 381

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

Insurance 315

Insurance Mortgage Clients Lending 315