Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. billion in volume in 2020.

Renovations 325

Renovations Home Improvement Marketing Finance 325

Housing Wire

JANUARY 3, 2022

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. In comparison, the fourth quarter of 2020 saw ownership costs at 21.5%. Presented by: Equifax.

Property Taxes 532

Property Taxes Lending Housing Market Insurance 532

Housing Wire

MARCH 8, 2024

Biden’s plan also included a $10,000 tax credit for first-time homebuyers and people who sell their “starter home,” and a pilot program that waives the requirement for lender’s title insurance on certain refinance transactions. These costs increased by 21.8% from 2021 to 2022, reaching nearly $6,000, per the CFPB post.

Mortgage 427

Mortgage Legal Insurance Finance 427

Housing Wire

MAY 7, 2023

The NAR data going back decades shows how difficult it has been to get back to anything normal on the active listing side since 2020. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

DECEMBER 1, 2021

In June 2020, a federal grand jury returned indictments charging McCord with having defrauded mortgage lenders Spirit Bank and Citizens State Bank , as well as Fannie Mae and others over the course of three years. As the housing market changes, so does lending fraud. Presented by: First American Data & Analytics.

Mortgage 516

Mortgage Insurance Lending Government 516

Housing Wire

MARCH 9, 2021

Prognosticators are already suggesting the mortgage market has recently “peaked.” Most agree that in 2021, we will not match the astronomical origination volume seen in 2020. If the past two decades are any indication, the impending purchase-dominated market will bring discussion of softening margins and higher expenses.

Marketing 410

Marketing Technology Lending Business 410

Housing Wire

FEBRUARY 24, 2021

This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. VL: So many areas could benefit by embracing digitalization.

Real Estate Agent 273

Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

SEPTEMBER 8, 2022

Founded in 2020, Truv covers more than 120 million Americans via 50 integrations with payroll providers and more than 2,000 customer-built connections to specific employers, according to the firm’s website. Xactus is comprised of the merged family of companies that includes Credit Plus, DataFacts Lending Solutions and MassiveCert.

Lending 369

Lending Insurance Mortgage Real Estate 369

Housing Wire

OCTOBER 25, 2021

“Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. The key to implementing non-QM products.

Law 408

Law Lending Insurance Mortgage 408

Housing Wire

JUNE 23, 2021

HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership. HousingWire: What is the current state of the housing market for first-time homebuyers and communities of color? According to the Radian Home Price Index , home prices rose 9.2%

Housing Market 377

Housing Market Marketing Construction Insurance 377

Housing Wire

JANUARY 13, 2022

Another large mortgage-servicing rights bulk offering is on the market this week on the heels of a $10 billion MSR package that went out to bid earlier this month. . The latest deal is being marketed by New York-based Mortgage Industry Advisory Corp. , We’re approaching … a peak [in the market] again,” said Piercy. It is a $6.23

Mortgage 353

Mortgage Marketing Sellers Insurance 353

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. of GDP in 2020. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

AUGUST 3, 2021

The purchase market reigned supreme in the second quarter of 2021, and multichannel lender loanDepot reported a 31% increase in purchase mortgage transactions from the prior quarter. during the second quarter of 2020 to 3.3% during the second quarter of 2020 to 3.3% billion government-insured loans in Q2 2021, down from $5.08

Marketing 370

Marketing Real Estate Agent Advertising Insurance 370

Housing Wire

MARCH 17, 2023

Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response. The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions.

Mortgage 311

Mortgage Clients Technology Development 311

Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

Insurance 339

Insurance Finance Inventory Mortgage 339

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders.

Finance 441

Finance Valuation Insurance Lending 441

Housing Wire

JUNE 27, 2022

Market conditions have forced countless LOs, including Dicker, to find creative solutions to lock down home purchases for clients whose purchasing power has diminished greatly in the past six months. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. And he’s far from alone.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

AUGUST 23, 2023

Since the deal announcement, Better’s employment count dropped from 11,000 employees in 2020 to 950 workers as of June 2023. Better faced the deterioration of the mortgage market due to surging rates. It also dealt with the bad press after Garg laid off employees via Zoom in December 2020.

Finance 350

Finance Insurance Mortgage Realtors 350

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in November, down from a 9.2%

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

AUGUST 24, 2023

But Better’s debut came at a low point in the mortgage market, with mortgage rates at their highest levels in more than two decades and historically low levels of home sales. Since the deal announcement, Better’s employment count nosedived to 950 workers in June 2023 from 11,000 employees in 2020.

Insurance 363

Insurance Mortgage Realtors Business 363

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. WFG reported its highest volume months ever during the second and third quarters of 2020.

Real Estate Agent 351

Real Estate Agent Clients Insurance Real Estate 351

Housing Wire

AUGUST 31, 2022

Starting out with a combination of credit reporting companies CIS Credit Solutions and Avantus in 2020, the company moved into the appraisal technology business the following year and rebranded to Xactus in March 2022. . In a tight housing market, Xactus said it aims to help customers close loans more quickly. .

Modernization 368

Modernization Clients Technology Insurance 368

Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. market share and a $616.7 market share and a $116.9 It was $770.7

Mortgage 363

Mortgage Lending Business Insurance 363

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Up until now, Xactus obtained data from third parties.

Insurance 299

Insurance Clients Modernization Technology 299

Housing Wire

NOVEMBER 3, 2021

In addition, eXp expanded into two new international markets in the third quarter, Panama and Germany. The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. million, including a $12.9

Brokerage 304

Brokerage Lending Realty Agents 304

Housing Wire

SEPTEMBER 30, 2021

Our solution prioritizes the borrower experience and promotes a “self-cure” to insurance resolution with a multi-channel campaign that includes both digital and print touchpoints with consumers. PR: Much like the rest of the mortgage market, we’ve seen growth during the covid pandemic.

Insurance 267

Insurance Lending Modernization Clients 267

Housing Wire

FEBRUARY 10, 2022

The company’s total revenue for 2021 was up 30% from 2020 to a record of $9.2 billion in revenue from its title insurance and services segments, a 13% year-over-year increase. In January 2021, we opened 2,000 purchase orders per day, a 9% increase relative to January of 2020,” DeGiorgio said during the call. billion, with $2.4

Insurance 343

Insurance Investing Inventory Business 343

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. California is the country’s most prominent market for jumbo loans.

Insurance 315

Insurance Mortgage Clients Lending 315

Housing Wire

MARCH 28, 2022

In March 2020 all of that changed. Now, after two years of drinking from a firehose, mortgage lenders must pivot once again to succeed in the vastly different lending landscape that lies ahead. year-over-year decrease in refinance volume and the rise of a purchase market. trillion in U.S. trillion in U.S. trillion in 2021 to $2.6

Marketing 342

Marketing Real Estate Agent Business Transportation 342

Housing Wire

MARCH 10, 2022

In 2020, about 4% of Fannie Mae-acquired purchase loans went to Black borrowers. Mark Palim, Fannie Mae deputy chief economist, said that he preferred not to “speculate” on “alternative borrower” profiles, and that the credit score in the profile is drawn from only those loans that were delivered to Fannie Mae in 2020. “If

Property Taxes 366

Property Taxes Lending Insurance Local Properties 366

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

Lending 266

Lending Advertising Design Loan Officers 266

Housing Wire

JUNE 1, 2021

This year’s class of Rising Stars matches the recording-breaking and unparalleled year that the housing industry experienced in 2020. Blazing a new trail in a year that came with no road map, this class of Rising Stars tapped into their core strengths, spearheading the conversations that moved the market forward. EVP, Retail Lending.

Retail 385

Retail Lending Loan Officers Finance 385

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends.

Investing 317

Investing Real Estate Lending Brokerage 317

Housing Wire

MAY 26, 2021

Technology for navigating secondary market challenges. In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Texas Capital’s correspondent lending business originated approximately $2.4

Lending 386

Lending Mortgage Insurance Government 386

Housing Wire

JULY 27, 2021

HousingWire recently spoke with SitusAMC CEO Michael Franco about the current market outlook and how lenders can focus on efficiency and stay agile in the midst of market shifts. HousingWire: What’s driving lenders’ need for agility and efficiency in the current market? Entering 2020 the market was expecting <$2.0

Mortgage 382

Mortgage Technology Lending Clients 382

Housing Wire

APRIL 26, 2023

Since the pandemic began, the FHFA has enabled lenders to complete more than 1 million payment deferrals, with roughly one-third of all homeowners exiting forbearance via payment deferrals since 2020. million homeowners with COVID-19 pandemic forbearance programs since March 2020.

Insurance 298

Insurance Mortgage Government Investors 298

Housing Wire

JULY 6, 2021

The company also stepped in to the title insurance realm in March after Blend announced it was expanding its cloud-based platform thanks to the acquisition of Title365 from the Mr. Cooper Group. But Mayopoulos has also stated that virtually “every aspect of mortgage lending can be improved through digitization.”. million and $96.0

Technology 369

Technology Mortgage Valuation Insurance 369