Housing Wire

DECEMBER 16, 2021

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 356

Mortgage Loan Officers Retail Training 356

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. Since 2012, the average rate has been 7.7%.

Lending 352

Lending Development Investors Finance 352

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 391

Architecture Real Estate Agent Loan Officers Real Estate 391

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. With mortgage interest rates steadily on the rise and refinance volume dropping, originators should immediately consider tapping into products that are less interest rate sensitive.

Mortgage 369

Mortgage Clients Business Training 369

Housing Wire

OCTOBER 6, 2021

Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Prospective borrowers have persistent misperceptions about what is needed to qualify for a mortgage, which can create a barrier for first-time homebuyers.

Finance 471

Finance Mortgage Development 471

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 339

Technology Real Estate Agent Loan Officers Lending 339

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The workforce reduction is also focused on mortgage loan production. The lender is scheduled to lay off 26 processors, 20 originators, and 15 mortgage account executives in junior and specialist job positions. The company is also laying off four people with the title of vice-president.

Human Resources 366

Human Resources Loan Officers Retail Training 366

Housing Wire

JANUARY 25, 2021

Real estate services and technology firm SitusAMC on Monday announced its acquisition of mortgage and title outsourcer Assimilate Solutions – the second acquisition by the New York-based firm in January, and its fourth overall in less than a year. Terms of the deal were not disclosed. 2021 by Ncontracts to name a few.

Technology 278

Technology Clients Real Estate Mortgage 278

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. Imagine if mortgage rates didn’t rise this year. The only thing that can cool this down is higher mortgage rates, which has started already.

Housing Market 449

Housing Market Marketing Inventory Investors 449

Housing Wire

DECEMBER 7, 2020

Cooper , the nation’s largest nonbank servicer of mortgage loans, will refund customers nearly $90 million and pay a civil penalty of more than $6.5 2012 and Jan. We are holding Nationstar accountable for harming homeowners by improperly servicing their mortgage loans,” said Delaware Attorney General Kathy Jennings.

Law 534

Law Insurance Mortgage Investing 534

Housing Wire

JANUARY 9, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. . The shift to a buyer’s market is driven primarily by rising mortgage rates.

Retail 445

Retail Sellers Buyers Market Value 445

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

Loan Officers 441

Loan Officers Lending Mortgage Housing Market 441

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans.

Investing 488

Investing Loan Officers Technology Development 488

Housing Wire

AUGUST 14, 2020

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank.

Lending 270

Lending Retail Development Realty 270

Housing Wire

JULY 28, 2022

HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace? As a CTO, I have to smile when some lending executives mention that the costs of technology in the mortgage industry are high. No wonder residential mortgage lending has wild swings in profitability!

Technology 339

Technology Business Lending Training 339

Housing Wire

AUGUST 7, 2023

Technology hasn’t been the barrier since 1998 when Equifax, and later other firms, developed systems to secure complex, multi-party transactions over the Internet. It entered real estate in 2012 after buying DebtMarket, an exchange for distressed home debt.

Real Estate 345

Real Estate Supply Chain Architecture Brokerage 345

Housing Wire

AUGUST 21, 2020

That belief, however, assumes that one does not understand the two main drivers of housing: demographics and mortgage rates. As it happens, these fabulous demographics are accompanied by the lowest mortgage rates ever recorded in history. All that other stuff, my friends, is just stamp collecting.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

FEBRUARY 28, 2021

To be successful, lenders have to rely on mortgage lead generation to find potential borrowers. Some mortgage professionals are generating leads that are only being paired based on cost-per-lead budget instead of how well they fit into mortgage overlays. Steven Better, COO & Co-Founder. Joey Barrow, Chief Knowledge Officer.

Lending 304

Lending Mortgage Business Development 304

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S.

Insurance 382

Insurance Investors Technology Real Estate Agent 382

Housing Wire

JUNE 15, 2022

secured by mortgages on 2,273 income-producing single-family rental homes, according to a presale bond-rating report by Kroll Bond Rating Agency (KBRA). The Progress Residential SFR platform was launched in 2012 “to capitalize on dislocation in the U.S. The new Progress SFR offering involves a $632.3

Investors 382

Investors Investing Inventory Real Estate 382

Housing Wire

JUNE 22, 2021

For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. One positive development was the 7% increase in for-sale inventory, which should slightly help price conditions,” said Joel Kan, associate vice president of economic and industry forecasting for the Mortgage Bankers Association.

Inventory 408

Inventory Buyers Realtors Housing Market 408

Housing Wire

AUGUST 19, 2020

I came to my position following a mentoring session with my boss and mentor, Dr. Amanda Andrade, in 2012. This helped us develop programming that aligned with employee preferences and expectations. We had discussed my past experiences and the potential benefits of beginning a diversity and inclusion initiative.

Development 426

Development Investing Business Mortgage 426

Housing Wire

JANUARY 29, 2021

All mortgage companies that have ever failed, have one thing in common: they ran out of cash. Specifically, in 2012 we quickly pivoted away from a loan sale strategy built purely on best execution, to one built on fast execution. From that perspective, the post-housing crisis QE era really helped me in 2020.

Finance 260

Finance Real Estate Mortgage Valuation 260

Housing Wire

FEBRUARY 1, 2024

Approximately 65% of loans endorsed in Fiscal Year 2009 had an MCA of less than or equal to $300,000, and this percentage increased to approximately 72% by Fiscal Year 2012,” the report stated. As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.”

Mortgage 353

Mortgage Business Development Design 353

Housing Wire

AUGUST 31, 2020

All charities that focus on supporting deserving individuals and families with the comfort of a home to call their own – whether it’s tailor-made for a wounded veteran or mortgage assistance for a family grappling with a medical emergency. In November 2019, First Guaranty Mortgage Corp.

Training 264

Training Mortgage Development Investing 264

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. This USDA program, however, is in serious trouble.

Tenants 483

Tenants Finance Construction Government 483

Housing Wire

NOVEMBER 3, 2023

“We may eventually have it where buyer commissions can be rolled into the mortgage. I was just too busy building the company, selling real estate and developing properties.” So, in 2012, he decided to start a property management company rather another traditional real estate brokerage.

Real Estate 305

Real Estate Brokerage Buyers Property Management 305

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question of feast or famine. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM.

Mortgage 374

Mortgage Investors Business Lending 374

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Buyers 545

Buyers Mortgage Real Estate Housing Market 545

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.). Earlier this year, HUD Sec.

Mortgage 390

Mortgage Insurance Renovations Tools 390

Empire Appraisal Group

JULY 28, 2022

ANSI doesn’t develop standards itself but provides a framework for setting them in a wide range of disciplines. Much of the information about property physical characteristics is obtained from public record sources that are usually developed by the county assessor. ANSI stands for the American National Standards Institute.

Agents 78

Agents Appraisal Valuation Realtors 78

Appraisal Today

AUGUST 12, 2022

NOTE: Please scroll down to read the other topics in this long blog post on mortgage rates history, declining prices on high end homes, bias, unusual homes, mortgage origination stats, etc. =. Mortgage Rate History: Check Out These Charts. Excerpts: Mortgage rate history stretches back nearly a century. 29 Beds | 18.5

Appraisal 52

Appraisal Contracts Mortgage Business 52

Will Springer Realtor

DECEMBER 11, 2022

When asked that question, one local developer blurted: “People are happy to buy the same iPhone as everyone else, but they want a home that looks unique.”. Causes for the underproduction – which doubled between 2012 and 2019, are multifaceted. Why are innovations in housing construction so elusive?

Construction 36

Construction Architecture Real Estate Design 36

Annarbor Appraisal

APRIL 9, 2020

Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. Price increases both with single-family houses and condominium units started in 2012 in earnest. Year to year trends.

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Empire Appraisal Group

FEBRUARY 15, 2024

Homeowners Are More Apt to Stay Put With interest rates for a 30-year fixed mortgage still high, home prices holding steady and inventory still low, many homeowners plan to stay put, optimizing or expanding their existing square footage. After slowing from 2012 to 2014, spec building has picked up, due to an uptick in migration.

Design 78

Design Real Estate Architecture Property Management 78

Boston Appraisal

APRIL 5, 2021

According to Freddie Mac, one of the nation’s largest federally-backed mortgage companies, the rate for a 30-year fixed mortgage is at 2.8-3.0%. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

Real Estate 78

Real Estate Marketing Market Value Appraisal 78

Boston Appraisal

APRIL 5, 2021

2012: $400k (+/-0%). According to Freddie Mac, one of the nation’s largest federally-backed mortgage companies, the rate for a 30-year fixed mortgage is at 2.8-3.0%. Boston, MA Real Estate Market Values over the Past Ten Years. 2011: $400k. 2013: $410k (+2%). 2014: $440k (+7.5%). 2015: $480k (+9%). 2016: $515k (+7.5%).

Real Estate 78

Real Estate Marketing Market Value Appraisal 78