Housing Wire

FEBRUARY 3, 2021

In a bid to aid borrowers, the Department of Housing and Urban Development announced on Wednesday a series of temporary waivers that will allow servicers to use alternative methods when servicing FHA -insured forward and reverse mortgages. Strategies retail lenders should adopt from D2C lending. Click the headline to register.

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Mortgage Insurance Lending Retail 437

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. from 2021 to 2022, reaching nearly $6,000, per the CFPB post. These costs increased by 21.8%

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Mortgage Legal Insurance Finance 427

Housing Wire

JUNE 8, 2021

The award recognizes housing professionals in residential mortgage lending, servicing, investments, real estate and fintech who are problem solvers, driving their companies forward every day. Maxson helped develop a new workflow process that enabled NotaryCam to manage a 300% increase in demand for remote online notarization. .

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Housing Wire

OCTOBER 16, 2023

homeownership, alongside data detailing housing aid that has been provided since 2021. New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program.

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Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July.

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Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. In August 2021, Candor raised $12.5

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Mortgage Clients Technology Development 311

Housing Wire

SEPTEMBER 25, 2023

These benefits will allow users to establish proactive margin management processes and remain competitive in any market environment,” Brandonn Dukes, EVP of real estate and consumer lending at Curinos, said in a statement. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

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Technology Insurance Mortgage Lending 286

Housing Wire

FEBRUARY 29, 2024

Department of Housing and Urban Development (HUD) and the White House announced plans to extend the Federal Financing Bank (FFB) risk-sharing program, two prominent housing associations shared their differing perspectives on the move. Shortly after the U.S. The FFB risk-sharing program has “closed or committed $4.9

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Insurance Finance Design Construction 287

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.

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Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. It would remove the cap on the number of HECM loans that can be insured by FHA. federal government. Within the congressional justifications for the U.S.

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Housing Wire

AUGUST 17, 2022

Several former congressional aides and a former top Department of Housing and Urban Development staffer will represent the new CHLA in the nation’s capital. The groups have been aligned on calling on the Federal Housing Administration to lower its mortgage insurance premiums. The group will operate out of one office and merge assets.

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Housing Wire

OCTOBER 4, 2022

The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. The Urban Institute in 2021 found that only one in four low-cost homes sold was likely to be financed with a mortgage.

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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. In 2021, housing prices jumped by 19% – the biggest rise in a half-century, with the percentage of first-time homebuyers falling to its lowest level in decades (31%).

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Insurance Construction Government Lending 366

Housing Wire

MAY 23, 2022

In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels. Hogle has more than 20 years of experience, including about 15 years with Supreme Lending.

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Mortgage Retail Insurance Development 352

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. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. in 2021 to $433 billion. billion in home improvement projects.

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Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 374

Housing Wire

MAY 25, 2022

Before Biden appointed her acting director of FHFA in June 2021, Thompson led the housing mission and goals division. She previously was the supervision chief at the Federal Deposit Insurance Corporation. In September 2021, the U.S. In January, FHFA raised fees on high-balance and loans for second homes.

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Finance Insurance Lending Investors 420

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

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Mortgage Loan Officers Lending Human Resources 409

Housing Wire

MARCH 31, 2021

In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. How servicers can stay ahead of Biden’s potential regulatory changes.

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Insurance Appraisal Development Lending 404

Housing Wire

FEBRUARY 23, 2022

Firms that develop automated valuation models have argued they might help to eradicate appraisal bias. Fair lending enforcement and addressing appraisal bias have been top priorities for the Biden-Harris administration. How the CFPB will address the two latter points remains to be seen. CFPB Director Rohit Chopra disagrees. “It

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Valuation Law Finance Development 357

Housing Wire

AUGUST 5, 2022

Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation. Numerous organizations criticized the agencies for not proposing to grade banks based on data about their minority lending.

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Lending Development Mortgage Retail 384

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal).

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Insurance Investors Technology Real Estate Agent 381

Housing Wire

MARCH 31, 2022

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions. DecisionPoint offers immediate title clearance for about a third of U.S. properties.

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Real Estate Human Resources Technology Clients 320

Housing Wire

AUGUST 18, 2022

Ginnie Mae, a government corporation under the auspices of the Department of Housing and Urban Development , guarantees securities backed by pools of mortgages insured by FHA, as well as the Department of Veterans Affairs and the Department of Agriculture. Those securities are backed by the full faith and credit of the U.S. government.

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Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Increased redlining enforcement is one piece of HUD’s renewed focus on fair lending, and part of a multi-pronged approach to address the legacy of racist housing policy.

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Insurance Modernization Lending Mortgage 332

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Magazine’s list of the 5,000 fastest growing companies in America in 2021.

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Retail Loan Officers Brokerage Technology 351

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. Howell echoed similar sentiments, noting that the FHA has been building its Mutual Mortgage Insurance Fund for years to historic levels and can easily afford to lower the premiums.

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Insurance Loan Officers Sellers Mortgage 357

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. In its seventh securitization on June 14, The Change Company attracted 16 investors to a $306 million offering, including money managers, banks, insurance companies, and private funds.

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Investors Law Insurance Lending 305

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

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Law Legal Valuation Government 411

Housing Wire

JUNE 3, 2022

The Office of the Comptroller of the Currency formally rescinded its plan in December of 2021. Federal Reserve second-in-command Lael Brainard, acting head of the OCC Michael Hsu, together with Martin Gruenberg, chair of the Federal Deposit Insurance Corporation , explained the thinking behind their nearly 700-page proposal.

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Law Lending Legal Design 268

Housing Wire

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.

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Technology Loan Officers Lending Business 382

Housing Wire

SEPTEMBER 21, 2021

While the rise of digital technology has permanently shifted the world of lending, many borrowers still look for a human-touch experience to help create trust and transparency throughout the lending process. “A HW: Where would you advise clients and colleagues to focus their technology resources as we navigate the second half of 2021?

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Technology Lending Clients Insurance 262

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Insurance Investors Design Finance 276

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

Housing Wire

MAY 5, 2022

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

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Modernization Lending Retail Law 344

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec.

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