Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 332

Training Loan Officers Lending Mortgage 332

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. 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.

Insurance 355

Insurance Loan Officers Sellers Mortgage 355

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 347

Retail Loan Officers Brokerage Technology 347

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 263

Lending Advertising Design Loan Officers 263

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.

Retail 367

Retail Development Finance Lending 367

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%).

Insurance 364

Insurance Construction Government Lending 364

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. in 2021, mortgage data platform Modex showed. of the total volume in 2021, its origination shifted toward purchase mortgages, which accounted for 73.1%

Real Estate 65

Real Estate Lending Human Resources Insurance 65

Housing Wire

NOVEMBER 18, 2022

This white paper will examine the growing importance of modernization in the mortgage lending industry. Workers impacted by November’s layoffs will receive severance through the end of the year, two months of health insurance and other incentives, including additional payments based on the employee’s tenure. million in mortgages.

Loan Officers 385

Loan Officers Modernization Finance Housing Market 385

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 370

Housing Market Marketing Contracts Finance 370

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

Insurance 329

Insurance Modernization Lending Mortgage 329

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more.

Lending 401

Lending Law Loan Officers Clients 401

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. Back in 2020 and into 2021, you could go out in the parking lot with a net and just catch loans. JA: First, privacy is a huge area.

Technology 378

Technology Loan Officers Lending Business 378

Housing Wire

OCTOBER 13, 2021

It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. The company doesn’t currently offer FHA, VA or USDA loans, just conventional and jumbo products. Interfirst told HousingWire in August that it originated $1.65

Mortgage 279

Mortgage Investors Investing Technology 279

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 366

Insurance Real Estate Technology Loan Officers 366

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. billion in 2021 and closer to the level of 2019, when lenders originated $389.3

Insurance 311

Insurance Mortgage Clients Lending 311

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. billion in Q2 2022, a 7% increase compared to Q1 2022 and 56% compared to Q2 2021. In total, FoA funded $4.23

Mortgage 383

Mortgage Loan Officers Finance Investors 383

Housing Wire

AUGUST 20, 2021

The companies recognized in the 2021 Inc. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We 5000 map.”.

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. The last two years have been good to Christian Dicker.

Housing Market 397

Housing Market Marketing Brokerage Real Estate 397

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 HUD can bring lawsuits claiming bias in mortgage lending. But there was a catch.

Lending 347

Lending Government Law Mortgage 347

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. A handful of vendors made strategic acquisitions and acquisitions for capitalization in the fall of 2021.

Mortgage 327

Mortgage Technology Loan Officers Investing 327

Housing Wire

FEBRUARY 3, 2022

The spread, which was 1.94% in the second quarter of 2020, declined to 1.19% in the final quarter of 2021. ” JPMorgan’s analysts wrote in a report their favorite name is Rocket, upgraded to overweight due to its ecosystem of personal lending and mortgage finance businesses, the largest and most profitable of which is Rocket Mortgage.

Mortgage 358

Mortgage Retail Finance Investors 358

Housing Wire

JANUARY 25, 2022

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans. Ravi Correa is Chief Financial Officer at Angel Oak Lending.

Mortgage 321

Mortgage Inventory Business Loan Officers 321

Housing Wire

MAY 7, 2023

However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. The four-week moving average also rose by 3,500 to 239,250.

Inventory 481

Inventory Housing Market Marketing New Listings 481

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. As of Sept. As of Sept.

Mortgage 324

Mortgage Real Estate Investing Technology 324

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. The loan is usually repaid over a period of years. Ownership: Once the loan is fully repaid, you own the property outright. Insurance Does a mortgage payment include insurance?

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. The mortgage loan officer handling the loan? In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

McKissock

APRIL 20, 2021

Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. This graph, from our 2020-2021 Real Estate Agent Income Guide , shows the average amount agents report earning based on how many hours they put in each week.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

PennyMac

AUGUST 10, 2022

This is not true — the FHA does not issue loans directly to homebuyers. Instead, they insure loans offered by private lenders. If that happens, HUD will pay off the loan to the lender and take ownership of the home. The better your score, the more flexibility there is with other requirements of the loan.

Insurance 36

Insurance Buyers Mortgage Renovations 36

Assurance Financial

JULY 27, 2021

You need to repay the mortgage according to the terms of the loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). A conforming loan aligns with the standards created by the Federal Housing Finance Agency. Conventional Non-Conforming.

Mortgage 69

Mortgage Government Construction Insurance 69