Housing Wire

JUNE 24, 2022

The whistleblower claimed AFN knowingly underwrote certain FHA mortgages and approved for some mortgage insurance that didn’t meet FHA requirements or qualify for insurance between December 2011 and March 2019. AFN knowingly failed to perform quality control reviews that it was required to conduct, the former AFN loan processor alleged.

Insurance 307

Insurance Mortgage Government Lending 307

Housing Wire

MAY 12, 2021

Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. “More than 20 years ago, Dan Gilbert, our founder and chairman, had a vision of putting the entire mortgage process online to simplify the lending experience and add more transparency.

Lending 368

Lending Mortgage Real Estate Technology 368

Housing Wire

SEPTEMBER 11, 2020

to the lowest in the data series that goes back to 2011, the report said. Even with tighter standards, the lowest mortgage rates on record will push home lending this year to a 15-year high of $3 trillion, MBA said in an Aug. The data comes from about 95 lenders and investors, MBA said. 20 forecast. Refinancing probably will reach $1.7

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

JANUARY 4, 2021

Most notably, Langner held senior roles with Ellie Mae from 2003 to 2011, including senior vice president of sales, chief operating officer and chief sales officer. He also played a vital role in the leadership team that would eventually guide Ellie Mae to it’s 2011 IPO. during the first nine months of 2020. billion as of Sept.

Technology 238

Technology Lending Mortgage 238

Housing Wire

JANUARY 11, 2023

Messer has been with Prosperity since January 2011, working as SVP of capital markets and corporate strategy before a promotion to COO in 2019. in the mortgage lending space. . The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS. from the same period in 2021, according to the IMF.

Mortgage 346

Mortgage Lending Finance Marketing 346

Housing Wire

JANUARY 18, 2021

In 2011, the Secretary of the Treasury appointed him to serve as the CFPB’s student loan ombudsman, a new position established in the financial reform law. President-elect Joe Biden announced several appointments Monday, including FTC Commissioner Rohit Chopra to head the Consumer Financial Protection Bureau. As one of Sen.

Law 390

Law Lending Construction Government 390

Housing Wire

SEPTEMBER 23, 2022

“We are continually seeking opportunities for partnerships to help us lead our industry into the next generation of mortgage lending.”. Founded in 2011 in Georgetown, Texas, Thrive originated $2.3 billion in loans over the past 12 months, 90% of it through the retail channel, according to data on mortgage tech platform Modex.

Mortgage 369

Mortgage Retail Loan Officers Technology 369

Housing Wire

MARCH 3, 2021

In 2011, the Secretary of the Treasury appointed Chopra to serve as the CFPB’s student loan ombudsman, a new position established in the financial reform law. The Federal Reserve estimates Americans now owe more than $1.7 trillion in student loans, and student loans have been an obstacle for first-time homebuyers in the housing market. .

Housing Market 523

Housing Market Marketing Law Construction 523

Housing Wire

SEPTEMBER 14, 2023

Industry veteran Dan Hanson joined loanDepot in 2011 and, in January 2017, became the company’s chief retail production officer, a job position he held for six years. In May, the lender promoted Alec Hanson , the company’s senior vice president of production for the West division, to chief marketing officer.

Human Resources 351

Human Resources Retail Investing Development 351

Housing Wire

DECEMBER 14, 2023

Thrive was founded in 2011 in Georgetown. “Last year, we acquired AMSCo, a storied Midwest company that added incredible talent to our model. We are now excited to share another amazing opportunity that has presented itself to join Lower.com,” Kellam said. The deal valued the company at roughly $110 million.

Mortgage 387

Mortgage Retail Loan Officers Finance 387

Housing Wire

SEPTEMBER 7, 2022

Home prices in July slipped 0.77% from June, marking the largest single-month decline since January 2011, Black Knight said in its monthly mortgage monitor report. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. . While July’s home price grew 14.5%

Housing Market 414

Housing Market Marketing Home Value Lending 414

Housing Wire

JANUARY 5, 2021

In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years. Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013. billion.

Architecture 384

Architecture Real Estate Agent Loan Officers Real Estate 384

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. in 2010 and 2011. The company’s cloud-based platform also automates the document collection, verification, and review process.

Mortgage 275

Mortgage Lending Technology Investors 275

Housing Wire

FEBRUARY 10, 2021

Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 523

Investors Development Legal Business 523

Housing Wire

MARCH 3, 2022

Garza began her career at the company in 2011 with the establishment of its first branch in Michigan. Santander Bank announced earlier this month that it would be shutting down its mortgage lending business and laying off its divisional staff.

Retail 285

Retail Mortgage Development Business 285

Housing Wire

JUNE 18, 2021

in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. Presented by: Acra Lending. The gross flipping return on investment was down from 41.8% Regionally, house flipping was down in 70 percent of U.S. The market is tight, prices are soaring on what stock is available and it’s not available long.

Investors 477

Investors Investing Inventory Lending 477

Housing Wire

OCTOBER 23, 2020

Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance. The lawsuit, brought initially in 2016, alleged that Guild knowingly originated and underwrote mortgages that didn’t meet the program requirements of the FHA.

Mortgage 480

Mortgage Government Retail Lending 480

Housing Wire

OCTOBER 3, 2023

Payday lending groups, led by the Community Financial Services Association (CFSA), are challenging the constitutionality of the CFPB’s funding structure in a case that could have existential consequences for the consumer bureau stood up in 2011, and which maintains regulatory enforcement authority over a wide swath of U.S.

Legal 319

Legal Real Estate Law Finance 319

Housing Wire

OCTOBER 13, 2021

Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011. The team co-founded several businesses, such as the fintech Enova, real estate investment trusts (REIT) Pangea Properties and New Lake , and the online lending company Avant.

Mortgage 279

Mortgage Investors Investing Technology 279

Housing Wire

AUGUST 15, 2022

The Federal Reserve Bank of New York ’s second-quarter 2022 Household Debt and Credit Report shows that limits on HELOCs jumped by $18 billion in the second quarter of this year, “the first substantial increase in HELOC limits since 2011,” and an indicator of an increase in new originations. billion in 2021 to $4.6

Lending 415

Lending Home Value Mortgage Renovations 415

Housing Wire

APRIL 8, 2022

As you can see above, the monthly supply in 2006, 2007, 2008, 2009, 2010, and 2011 was above 6 months on average, running at 8.71 housing market, and we should never ease lending standards to try to facilitate demand. Lending standards are already liberal enough, so we don’t need to go down that avenue. Time will tell on that.

Housing Market 390

Housing Market Marketing Inventory Lending 390

Housing Wire

DECEMBER 7, 2020

The monthly housing supply for the existing home sales has only gone above six months during the bust years after the housing bubble (2006-2011). This period was also during a lull in our prime-age labor force growth, so demand was soft during the years 2006-2011. million jobs lost. Hard pass.

Inventory 542

Inventory Construction Government Housing Market 542

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively.

Mortgage 350

Mortgage Loan Officers Retail Technology 350

Housing Wire

MARCH 1, 2022

Prior to her seven-year stint at the Federal Home Loan Bank of Pittsburgh, from 2013 to 2014 Anderson worked as an attorney at Relman, Dane & Colfax PLLC , specializing in fair lending counseling and compliance. Before that, she worked at Ballard Spahr in public finance and housing. It will not be her first time at Fannie Mae.

Human Resources 326

Human Resources Government Finance Mortgage 326

Housing Wire

JULY 29, 2021

They further state: “The collapse of the short-term funding structure of nonbanks and some depositories, such as Countrywide Financial , led to rapid losses in liquidity and lending activity. These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015.

Sellers 412

Sellers Mortgage Business Lending 412

Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year.

Finance 366

Finance Lending Mortgage Home Value 366

Housing Wire

FEBRUARY 10, 2021

Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 355

Investors Development Legal Business 355

Housing Wire

JANUARY 7, 2022

As a former executive vice president and chief sales officer at Ellie Mae , Langner helped execute the firm’s initial public offering in 2011. Langner has more than 30 years of senior leadership experience, driving growth at marquee mortgage technology and software companies.

Technology 325

Technology Business Mortgage Tools 325

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. This means we don’t have enough housing inventory available because with lending standards back to normal we can’t replicate the credit demand we saw in housing from 2002-2005.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

JANUARY 1, 2024

To give an example of what I am talking about, from 2008 to 2011, new listings data ran between 250,000 and 400,000 each week, with the peak seasonal data at 370,000 and 400,000. If the economy doesn’t have a credit event where lending gets tighter, the consumer should hold up in 2024, especially with lower mortgage rates.

Housing Market 521

Housing Market Marketing New Listings Construction 521

Housing Wire

FEBRUARY 24, 2022

Waters asked the other recipients of her letter, the Appraisal Subcommittee , the Appraisal Foundation and the Appraisal Institute , to work with state appraisal regulatory agencies and boards to investigate the incident and assess whether any appraisals LaVigne conducted may have run afoul of fair lending laws.

Appraisal 396

Appraisal Valuation Law Real Estate 396

Housing Wire

AUGUST 7, 2020

31, who inherited the fortune of her husband, Apple founder Steve Jobs, when he died in 2011. It also puts Gilbert ahead of Chinese real estate tycoon Hui Ka Yan, at No. 30, and Laurene Powell Jobs, at No. Abby Johnson, CEO of Fidelity Investments, is in the #36 spot.

Development 456

Development Law Investing Construction 456

Housing Wire

OCTOBER 1, 2022

In comparison, in 2011, homes took 96 days to sell. . Another reason why distressed sales are likely low, is that lending standards remain tight. The median days on market is just 16 days — a slight increase from the record low seen in the last two months of 14 days. It is difficult to obtain a mortgage today.

Realtors 374

Realtors Housing Market Marketing Buyers 374

Housing Wire

NOVEMBER 23, 2022

Over the last year, it has also sold off large chunks of the business – including sub-servicing with ServiceMac and delegated correspondent to Planet Home Lending – which accounts for several thousand workers transitioning to new firms. After origination volume plummeted nearly 86% to $2 billion in 2016 from $14.1

Marketing 327

Marketing Loan Officers Business Mortgage 327

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Read on for Kirby’s take on opportunities in wholesale lending, the challenges he faces with starting a new mortgage brokerage shop and how he plans to scale his business.

Mortgage 340

Mortgage Retail Loan Officers Brokerage 340

Housing Wire

FEBRUARY 10, 2022

Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans. The hours spent on continued education should be useful. Continuing education classes represent an opportunity for LOs to sharpen skills.

Loan Officers 339

Loan Officers Law Training Lending 339

Housing Wire

APRIL 27, 2021

In all, the Justice Department said the three lenders didn’t comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011. Bank and PNC Bank. The settlement stipulates that Mr. Cooper – again Nationstar at the time – will pay affected borrowers more than $40 million.

Tools 382

Tools Mortgage Lending 382