Housing Wire

FEBRUARY 4, 2021

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. million security backed by non-QM mortgages that have seasoned for an average of nine months, a presale report from S&P Global Ratings showed. Non-QM lending is poised for growth in 2021.

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Mortgage Marketing Lending Government 300

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. However, the uptrend in the bond market since the lows of August 2020 is intact.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. But to understand the stability that the secondary market brought during a world-wide pandemic, you first have to look back at 2008. Think of it as the underdog quickly becoming the hero of the story.

Marketing 424

Marketing Lending Design Government 424

Housing Wire

DECEMBER 14, 2022

promoted Brian Ralston to executive vice president and chief mortgage banking officer. In his new position, Ralston will lead the mortgage banking division’s strategies and oversee origination and servicing operations of the wholesale, non-delegated and delegated correspondent channels, and warehouse lending.

Lending 353

Lending Business Mortgage Finance 353

Housing Wire

FEBRUARY 14, 2023

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 Timothy Bowler, president of Intercontinental Exchange, Inc.

Technology 347

Technology Mortgage Lending Business 347

Housing Wire

JANUARY 25, 2024

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president.

Retail 361

Retail Lending Loan Officers Brokerage 361

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. Yet borrowers have had limited agency in the lending process to date. The smart contract presents the borrower’s lending request to the exchange. A bigger vision. “We’re

Lending 395

Lending Contracts Investors Technology 395

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 287

Mortgage Technology Lending Modernization 287

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. FHFA was comfortable approving VantageScore 4.0

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Legal Mortgage Contracts Insurance 340

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.

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Mortgage Inventory Housing Market Construction 440

Housing Wire

SEPTEMBER 10, 2020

She’s also a known quantity in the mortgage space. In 2013, Fraser was tapped to head CitiMortgage in St. The day I started at CitiMortgage was the day the market started responding to the Fed, and inevitably was the end of the refi boom,” Fraser, who became CEO in May 2013, said in an interview with the Post-Dispatch. “The

Mortgage 273

Mortgage Retail Lending Business 273

Housing Wire

MAY 9, 2022

a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021 , is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. The layoffs affect mainly mortgage consultants, specialists, and assistants, but it targets underwriting and closing professionals.

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Human Resources Lending Retail Mortgage 366

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

AUGUST 30, 2021

The DOJ alleged that between 2013 to 2017, the bank violated the Fair Housing Act and the Equal Credit Opportunity Act “by avoiding predominantly Black and Hispanic neighborhoods [in the Houston, metro area] because of the race, color and national origin of the people living in those neighborhoods.”. Specifically, Cadence will provide $4.17

Lending 378

Lending Loan Officers Advertising Development 378

Housing Wire

OCTOBER 11, 2022

As mortgage rates rose more than 90 basis points to finish September at 6.72%, overall rate lock volumes predictably fell sharply – down 10% from August and almost 60% off levels from 2021. “Home prices are pulling back in a growing number of markets, but across the country, affordability remains a challenge,” Happ said.

Lending 349

Lending Home Value Mortgage Government 349

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 17, 2021

While the Fed’s interest rate policy certainly has an influence on mortgage rates via its effect on the 5-year and 10-year Treasury note rates, there is by no means a one-to-one correlation between the two. Thus, lenders can and should expect continued volatility in mortgage rates through the end of 2021 and into 2022.

Marketing 366

Marketing Mortgage Investing Business 366

Housing Wire

OCTOBER 5, 2023

Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. I was a mortgage lender and I saw firsthand the shortcomings of the various kinds of software verticals. I worked for a mortgage company from 2007 until 2013 — that’s where I learned the industry.

Technology 340

Technology Lending Mortgage Business 340

Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

Mortgage 379

Mortgage Insurance Lending Marketing 379

Housing Wire

FEBRUARY 6, 2023

Dybvad, who joined the company in 2013 and is now a vice president, will be responsible for loan origination production in the Ohio, Indiana, Illinois, Michigan, Wisconsin and Kentucky markets. Last month, PrimeLending sued competitor First Community Mortgage, Inc. for allegedly poaching about 100 of its Mid-America employees.

Legal 285

Legal Mortgage Lending Buyers 285

Housing Wire

MARCH 29, 2022

Johnson, whose career with Fannie Mae spans for almost two decades, is currently responsible for leading the mortgage giant’s digital transformation , which includes overseeing Fannie Mae’s technology, data, enterprise models and operations. What are the building blocks of digital lending? Presented by: Wolters Kluwer. Mary’s College.

Government 360

Government Lending Technology Mortgage 360

Housing Wire

JULY 14, 2022

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . Kiavi, founded in 2013 and led by CEO Michael Bourque, expanded to three states in June and now operates in 32 states and Washington, D.C. .

Human Resources 367

Human Resources Construction Legal Investors 367

Inman

JUNE 14, 2023

Mortgage lenders tightened standards for the third month in a row in May, with mortgage credit availability falling to the lowest level since January 2013.

Mortgage 119

Mortgage Lending Marketing 119

Housing Wire

APRIL 27, 2021

The Consumer Financial Protection Bureau formally delayed the mandatory compliance date of the General Qualified Mortgage final rule – better known as the QM rule – from July 1, 2021 to October 1, 2022 on Tuesday. “This act poses serious risk to mortgage finance and brings potential downstream legal risk to the industry. .”

Finance 370

Finance Legal Realty Mortgage 370

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. That is a far more aggressive standard than most private market capital cushions respectively. Just look at HUD’s own data on FHA lending: 1. What is the capital reserve ratio?

Insurance 384

Insurance Mortgage Bracketing Government 384

Housing Wire

JANUARY 12, 2022

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. increase compared to 2020, according to Inside Mortgage Finance. The volume puts the company as number eight among the top mortgage lenders in the country.

Retail 381

Retail Loan Officers Best Value Business 381

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 386

Architecture Real Estate Agent Loan Officers Real Estate 386

Housing Wire

OCTOBER 29, 2021

The Consumer Financial Protection Bureau (CFPB) has appointed two veteran regulators to lead enforcement and supervision, the latest indication that Director Rohit Chopra will heavily prioritize fair lending and racial equity issues. He also had a stint as director at the Center for Responsible Lending. a legal defense nonprofit.

Lending 318

Lending Law Legal Mortgage 318

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. Nomura Securities International Inc. served as the sole structuring agent of the securitization.

Investors 271

Investors Real Estate Finance Lending 271

Housing Wire

SEPTEMBER 28, 2023

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. From 2007 through mid-2013, approximately 5.5 The mortgage lending industry exists to make home loans, not to repossess them. What’s really changed since 2013? Nor should it be.

Legal 407

Legal Training Real Estate Business 407

Housing Wire

SEPTEMBER 16, 2021

All of these policies that were detrimental to housing and to the mortgage and real estate industry have now been halted due to Sandra’s effective leadership. FHFA has engaged in a Memorandum of Understanding (MOU) with HUD regarding fair lending, a unique act of collaboration between the two regulators rarely seen before.

Lending 387

Lending Real Estate Tools Mortgage 387

Housing Wire

MARCH 1, 2022

Fannie said in a press release on Monday that the creation of this role cements its commitment to enabling opportunities for minority and women-owned firms in capital markets and fostering an inclusive workplace. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

Human Resources 329

Human Resources Government Finance Mortgage 329

Housing Wire

APRIL 25, 2022

This authority gives us critical agility to move as quickly as the market, allowing us to conduct examinations of financial companies posing risks to consumers and stop harm before it spreads.”. While the CFPB did implement the provision through a procedural rule in 2013, the agency has now begun to invoke this authority.

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Modernization Law Lending Mortgage 293

Housing Wire

NOVEMBER 29, 2022

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. market due to lower rates and supply constraints.

Finance 236

Finance Mortgage Design Government 236

Housing Wire

JUNE 23, 2021

Musalem] brings significant finance, capital markets, economics, and public policy expertise to our Board,” said Sara Mathew, non-executive chair of Freddie Mac’s board of directors. “We Prior to that, he held various positions at Tudor Investment Corporation from 2000 to 2013, including managing director, partner and global head of research.

Finance 235

Finance Investing Government Lending 235

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 382

Lending Mortgage Real Estate Loan Officers 382

Housing Wire

APRIL 4, 2023

When prospective clients operate in highly regulated financial markets, enterprise sales don’t come easy. It wasn’t until 2014 – two years after his cloud banking platform launched – that Movement Mortgage took the leap and digitized its mortgage origination and underwriting process with Blend’s tech stack. “I

Clients 328

Clients Mortgage Business Technology 328