Housing Wire

AUGUST 18, 2022

Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. Excess mortgage servicing rights would be excluded from the net worth calculation. Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk.

Government 379

Government Mortgage Business Valuation 379

Housing Wire

JANUARY 24, 2023

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. Department of Housing and Urban Development (HUD). “The program raises the potential for violations,” said Troy Garris, co-managing partner at Garris Horn LLP. It quickly prompted antitrust lawsuits.

Lending 335

Lending Law Legal Training 335

Housing Wire

MAY 3, 2022

Fast-rising mortgage rates, recently cresting above 5% , have reduced refinance volumes by 70% year over year as of the end of April. The new unit focuses on developing mortgage-adjacent lending products and services. Martell was hired for a newly created position as president and CEO.

Renovations 391

Renovations Loan Officers Technology Mortgage 391

Housing Wire

NOVEMBER 19, 2021

This week’s HW+ member spotlight features Brian Hale, founder, and CEO at Mortgage Advisory Partners (MAP). Hale recently launched MAP, his new consultancy business, to help mortgage bankers, mortgage brokers, banks, homebuilders and real estate agents improve their mortgage-related businesses.

Real Estate Agent 305

Real Estate Agent Tools Business Technology 305

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

DECEMBER 11, 2020

Ben Cohen, managing director and senior vice president of mortgage lending in Chicago, has funded $1 billion in total loan volume this year. on the Scotsman Guide’s list of Top 2019 Originators and on the National Mortgage News 2019 Top Producers list. Cohen, who funded $639 million in 2019, ranked second in the U.S.

Loan Officers 328

Loan Officers Business Mortgage Lending 328

Housing Wire

OCTOBER 7, 2020

Patrick Stone was looking both ways when he took steps to launch Williston Fina ncial Group (WFG) in January 2010. “The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

Housing Wire

AUGUST 31, 2021

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers.

Real Estate 224

Real Estate Technology Development Design 224

Housing Wire

OCTOBER 1, 2020

The company has maintained a close working relationship with HUD for decades and was one of a select few lenders asked by HUD to participate in underwriting the first Home Equity Conversion Mortgage in the 1980s,” Kang said. The HECM program is a reverse mortgage program specifically for senior homeowners age 62 and older.

Legal 289

Legal Insurance Law Mortgage 289

Housing Wire

JANUARY 24, 2022

“Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote. The report comes just as a task force to root out bias in appraisals, led by the Department of Housing and Urban Development , finalizes its policy recommendations. “We

Government 363

Government Appraisal Reconsideration of Value Lending 363

Housing Wire

DECEMBER 7, 2020

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together. Presented by: Quicken Loans Mortgage Solutions. While there is some overlap with state agency data, FHA mortgage lending has become increasingly reliant on DPA as well.

Law 481

Law Government Finance Mortgage 481

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

Valuation 69

Valuation Technology Lending Real Estate 69

Will Springer Realtor

DECEMBER 12, 2023

The optimism comes from signals in economic data that show improving conditions and a likely end to rising mortgage rates in the coming months – a story that we are all looking forward to reading. King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. Where can you find good sources of lending. It usually involves wrapping the existing mortgage and obtaining title insurance from a title company.

Finance 36

Finance Investing Real Estate Lending 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.

Lending 35

Lending Law Technology Investors 35

Will Springer Realtor

NOVEMBER 14, 2023

sales in September, 29% of them were paid with cash (no mortgage), below the peak of 35% in 2011. Near the top of the purchase funnel, the number of mortgage applications is down 27% YoY to a low not seen since 1995. Near the top of the purchase funnel, the number of mortgage applications is down 27% YoY to a low not seen since 1995.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

OCTOBER 10, 2023

Total sales dropped 16% (1823) since August and 22% year-on-year (YoY) for the entire county – the fewest sales for a September since 2010 (1488). The latest number is considered unaffordable by common lending standards, which call for a 28% debt-to-income ratio and it marks the highest level since 2007. on the year. than 7.0%. “The

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Unlikely. “I

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MAY 9, 2022

While these are promising developments, there will always be the affordability question. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36