Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. billion in 2012 to $2 billion in 2016. “The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, CEO of StoicLane and one of the investors in the round, said in a statement. .

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Mortgage Investors Investing Technology 294

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , After being promoted to CEO in 2012, Mayopoulos returned Fannie Mae to profitability, delivering more than $167 billion in dividends to the U.S.

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Insurance Government Design Finance 366

Housing Wire

JUNE 6, 2022

At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. Henry Wallich.

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Real Estate Housing Market Insurance Mortgage 438

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. division, to Summit.

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Retail Development Finance Lending 369

Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. But Fannie Mae , the government-sponsored entity that backstops a significant portion of the country’s mortgages, does not seek an exception to the 1974 Federal Privacy Act. Two of the most powerful U.S.

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Insurance Government Law Real Estate Agent 355

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.

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Insurance Investors Technology Real Estate Agent 382

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. The company also announced expectations to have a total of 219.6

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Technology Mortgage Valuation Insurance 376

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.

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Law Insurance Mortgage Investing 534

Housing Wire

DECEMBER 22, 2023

My goal with my career in mortgage is to help bridge the generational gap between mortgage professionals and next-generation borrowers. For Gen Z, technology is second nature Gen Z is considered those who were born between 1997 and 2012 — today, members of Gen Z are between 11 and 26 years old.

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Real Estate Technology Finance Investing 420

Valuation Review

JANUARY 3, 2022

ClearPath Lending, a VA home loan origination firm, has provided more than 50,000 mortgage loans. These were guaranteed by the Department of Veterans Affairs or insured by the Federal Housing Administration since the company was founded in 2012.

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Lending Mortgage Insurance 60

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. It entered real estate in 2012 after buying DebtMarket, an exchange for distressed home debt. Many industries began to deploy electronic supply chains in the 1980’s.

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Real Estate Supply Chain Architecture Brokerage 338

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. That January round gave Blend a $3.3

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Valuation Technology Lending Mortgage 253

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. trillion U.S.

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Investing Loan Officers Technology Development 488

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

Housing Market 369

Housing Market Marketing Mortgage Buyers 369

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

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Inventory Housing Market Marketing New Listings 483

Housing Wire

OCTOBER 4, 2022

As more of the mortgage process becomes digital, RON has been proving to be a powerful part of the tech transformation for industry professionals. As an industry, we observed first-hand during the pandemic the transformative power technology has over the mortgage origination process, especially with the borrower’s experience at closing.

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Housing Market Marketing Real Estate Investors 356

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Data before 1971 is minimal.

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Insurance Appraisal Contracts Mortgage 79

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.”

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Mortgage Business Development Design 345

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

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Business Mortgage Loan Officers Inventory 412

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.).

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Mortgage Insurance Renovations Tools 388

PennyMac

DECEMBER 23, 2020

But what does this mean for you and your monthly mortgage payment? If you have a fixed-rate mortgage, your rate stays the same for the life of your loan, regardless of the length of your term (e.g., Consider refinancing if any of the following factors apply to you: Current mortgage rates are at least 0.5% Let’s find out.

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Mortgage Lending Loan Officers Home Value 36

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. So, they prepay the mortgage and sell the property, or sell it once the mortgage matures. “A

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Tenants Finance Construction Government 479

Housing Wire

MARCH 14, 2023

In a margin-compressing environment, California mortgage tech firm Blend Labs is betting that its newly launched composable origination tech will help the firm recover from its financial losses. Founded in 2012, Blend went public in 2021. The company has recently expanded its product set in two ways.

Insurance 347

Insurance Technology Business Lending 347

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

On Q Financial

FEBRUARY 2, 2021

The Department of Housing and Urban Development announced on January 19, 2021, that the FHA would once again back mortgages for DACA recipients. are not eligible for FHA-insured mortgages.” Further, lawful residency existed before DACA, creating confusion around how the FHA should manage mortgages for DACA recipients.

Law 42

Law HOA Legal Government 42

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.

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Insurance Finance Government Mortgage 424

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The same report revealed FHA had amassed capital reserves in the amount of $78.9

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Insurance Mortgage Housing Market Government 233

Clear Capital

JUNE 30, 2021

Overall, the Northeast and the Mid-Atlantic have been laggards since real estate bottomed in 2012. Regardless of what happens with the caps, the current expansion of private capital into the mortgage market is probably here to stay. This would push mortgage rates down further.

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Marketing Real Estate Government Investing 69

Zillow

JUNE 8, 2018

In 2012, companies spent an average of $19,303 to move a new hire renter and upward of $90,000 to move a current employee homeowner, according to the Worldwide ERC, the association for professionals who oversee employee transfers. If a relocation package isn't discussed with your offer, you'll need to start the conversation yourself.

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Transportation Legal Training Law 59

Will Springer Realtor

JUNE 6, 2023

In 2006, the Legislature added sexual orientation and gender identity to the list of protected classes for a range of areas from employment, real estate transactions and insurance coverage. The portion of American adults who identify as LGBTQ+ is 7.2%, double the figure since 2012. Washington, where 5.2% Gen Z and 11.2%

Real Estate 36

Real Estate Realtors Buyers Legal 36

Zillow

MAY 1, 2017

The title company compiles the report from a search of county records to issue title insurance, and any liens against the property are listed as "exceptions" to a title policy. Mortgage liens Mortgage liens are generally listed directly below property taxes, and they're always ordered first, second, and third.

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Easement Property Taxes Legal Buyers 36

The People's Appraisal Blog

JANUARY 30, 2019

Services they provided for a Lender, Mortgage Company or Bank through an Appraisal Management Company or AMC as they are known. They were installed as the “Middle Man” between appraisers and lenders to help insure Appraiser independence and manage the appraisal ordering process.

Appraisal 36

Appraisal Agents Law Real Estate 36

Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

DECEMBER 8, 2021

The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. 1, to $891,250 in King, Pierce and Snohomish counties. SCAM ALERT.

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Sellers Marketing Supply Chain Construction 36

Houston Properties

OCTOBER 1, 2021

Contact me for a list of recommended mortgage providers and what (who) to avoid. Contact Paige Martin at Paige@HoustonProperties.com for great mortgage banking recommendations. We first worked with Paige and her team in 2012 and chose to work with them again in 2021. 3.05% interest rate with a 30 year mortgage with no PMI.

Real Estate Agent 41

Real Estate Agent Realtors Real Estate Agents 41

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. An insurance company offered a good example of just how bad it has gotten.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Housing Wire

MARCH 17, 2022

As HUD considers mortgage insurance premium (MIP) changes in the aftermath of FHA’s record-breaking FY 2021 performance with $100 billion of capital reserves and a capital ratio of 8%, it is time to address the “elephant in the room.” bolding added]. FHA’s recapture rate (i.e. Let’s also not forget who FHA borrowers are.

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