Housing Wire

APRIL 28, 2022

If you were to take an inventory of deals which came out, a majority of the deals have been investor [investment property] … deals, and the prime jumbo deals have been very far and few in between.”. We’ll continue to watch this trend as it develops.”. in 2021 were bought by institutional investors,” Lind said. “In

Investors 280

Investors Marketing Investing Inventory 280

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Aslan Home Lending. VP, Learning and Development. SVP, Non-QM Business Development & Production. VP, Investor Relations. EVP, Business Development. Planet Home Lending. VP, Product Development. Chris Favilla. Head of Operations.

Technology 290

Technology Human Resources Finance Retail 290

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 406

Investors Housing Market Finance Construction 406

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. After posting production volume of $148.76

Retail 340

Retail Mortgage Loan Officers Lending 340

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. market,” KBRA’s announcement of the deal states.

Lending 348

Lending Finance Investors Clients 348

Housing Wire

APRIL 8, 2024

The percentage of homebuyers paying discount points roughly doubled from 2021 to 2023,” the report said. Usage of discount points were especially prevalent among low-credit borrowers also using Federal Housing Administration (FHA) lending programs, CFPB said. The increase was even greater among borrowers with lower credit scores.

Investors 409

Investors Mortgage Law Lending 409

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.

Housing Market 369

Housing Market Marketing Contracts Finance 369

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton.

Mortgage 282

Mortgage Technology Lending Modernization 282

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 523

Investors Development Legal Business 523

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024. Census Data.

Investors 367

Investors Real Estate Lending Loan Officers 367

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. Presented by: Sagent Lending Technologies.

Technology 346

Technology Lending Investors Modernization 346

Housing Wire

MAY 16, 2022

The Biden administration today unveiled a plan that it says will “help close” the housing supply gap, which one 2021 tally put at 1.5 The plan is in addition to measures the federal government announced in September 2021 that the federal government said would create 100,000 homes in three years. million homes, in five years.

Supply Chain 340

Supply Chain Finance Development Renovations 340

Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7 billion (£3.7

Finance 316

Finance Marketing Lending Inventory 316

Housing Wire

AUGUST 9, 2021

While the non-QM market took a hit during the early part of the pandemic, these loans are making a comeback and are expected to continue to grow in 2021. HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? We can save the deal for our clients and the borrower.

Investors 402

Investors Clients Lending Real Estate 402

Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. The lender securitized four deals in 2021. billion in origination volume in 2022, about $2.8

Mortgage 383

Mortgage Investors Development Investing 383

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. Investors looking to support low-income families would not purchase the lender’s loans if they knew they were provided to wealthy individuals or celebrities, the lawsuit states.

Investors 300

Investors Law Insurance Lending 300

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lending.

Loan Officers 449

Loan Officers Lending Real Estate Brokerage 449

Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). The CRN applauds NAHB and the Home Lab for their efforts in developing this standard.”. Lender and investor overlays. Technology impacts.

Valuation 370

Valuation Development Technology Appraisal 370

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

Mortgage 356

Mortgage Lending Finance Retail 356

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

SEPTEMBER 12, 2023

This left a void in the mortgage lending market, which was filled by IMBs. IMBs are often more flexible than traditional banks, and they are more likely to lend to borrowers with less-than-perfect credit due to their strategy of having multiple investor outlets. In 2008, IMBs originated less than 20% of conventional mortgages.

Mortgage 349

Mortgage Investors Business Lending 349

Housing Wire

MAY 25, 2022

Before Biden appointed her acting director of FHFA in June 2021, Thompson led the housing mission and goals division. In August 2021, the FHFA entered into a fair lending data sharing agreement with the Department of Housing and Urban Development and made on-time rental payment history a part of Fannie Mae’s underwriting process.

Finance 417

Finance Insurance Lending Investors 417

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez.

Loan Officers 322

Loan Officers Mortgage Finance Lending 322

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

Investors 354

Investors Development Legal Business 354

Housing Wire

DECEMBER 11, 2020

The recent string of executive-level hires is part of a company focus to prepare for growth through the end of this year and into 2021. In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team.

Lending 306

Lending Legal Clients Development 306

Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. In January, the company also added a new director of business development. This is a developing story.

Development 323

Development Modernization Technology Mortgage 323

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? In 2021, S&P Global estimated non-QM volume reached $28.6 It’s not subprime lending. Scaling is hard.”.

Lending 332

Lending Investors Mortgage Clients 332

Housing Wire

AUGUST 30, 2022

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 380

Tools Lending Technology Valuation 380

Housing Wire

APRIL 13, 2022

Rocket, the top lender in the country with $351 billion originated in 2021, according to Inside Mortgage Finance, has perhaps invested more than any other lender in America on mortgage tech over the last decade. We’ve made a lot of progress,” said Thomas Wind, executive vice president of consumer lending at the U.S. Bank Home Mortgage.

Mortgage 358

Mortgage Technology Development Finance 358

Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. But there was a catch.

Lending 346

Lending Government Law Mortgage 346

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Andy Higginbotham, chief operating officer of Freddie Mac’s Single-Family business, said the partnership with Blend was a natural choice as both companies hone in on consumers demand for a fully digital lending experience.

Mortgage 227

Mortgage Lending Investors Clients 227

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.

Retail 346

Retail Loan Officers Brokerage Technology 346

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. ” In 2021, Blend processed more than 1.8 on April 20.

Mortgage 356

Mortgage Marketing Human Resources Clients 356

Housing Wire

AUGUST 21, 2023

Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. The company was No. Its three-year growth rate was 1,241%.

Real Estate 345

Real Estate Real Estate Agent Technology Investors 345

Housing Wire

JANUARY 22, 2021

The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare. The Ishbia family will retain 94% control of the company, which will likely eclipse 10,000 employees in 2021. ” Ishbia didn’t rule out a strategic acquisition in the future.

Mortgage 515

Mortgage Technology Investors Business 515

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 440

Loan Officers Lending Mortgage Housing Market 440

Housing Wire

MARCH 21, 2022

It included participation from existing investors Ribbit Capital , NFX and Zigg Capital. New investors Telesoft Partners and proptech VC Parker89 also participated in the round, which brings Tomo’s total funding raised to date to $110 million. The company recently raised a $70 million seed round in June 2021.

Valuation 323

Valuation Real Estate Agent Real Estate Investors 323