Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

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Lending Business Retail Client Relationships 351

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. It’s a stock that’s in short-term mortgage jail.”.

Mortgage 359

Mortgage Technology Clients Insurance 359

Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

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Mortgage Inspection Law Contracts 298

Housing Wire

SEPTEMBER 28, 2023

below the August 2022 level. An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.

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Housing Market Contracts Government Buyers 415

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right. .

Mortgage 351

Mortgage Clients Retail Marketing 351

Housing Wire

MAY 20, 2024

It’s not as steep as 2022 — the market now is not shifting as quickly from big growth to price declines, like it did briefly about 18 months ago. In these markets, inventory is growing more rapidly and other costs, such as insurance and taxes, are up a lot. New listings volume fell off a cliff in July 2022.

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Inventory New Listings Sellers Contracts 392

Housing Wire

APRIL 13, 2022

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions.

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Real Estate Agent Mortgage Real Estate Agents 425

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Marketing Mortgage Investors Sellers 361

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. and FICO 10T credit score models as well as the bi-merge credit reporting policy,” the letter added.

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Legal Mortgage Contracts Insurance 340

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

MARCH 2, 2023

He joined Ginnie in March 2022 following a stint as supervising attorney advisor for the Federal Housing Finance Agency (FHFA). In fiscal year 2022, which ended Sept. 30, Ginnie issued more than $649 billion in mortgage-backed securities that supported 2.2 In fiscal year 2022, which ended Sept. million households.

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Government Finance Contracts Insurance 308

Housing Wire

FEBRUARY 23, 2024

The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program. But Ginnie Mae has never sought to contract with TCB itself regarding TCB’s transactions with RMF.” Ginnie Mae accordingly implored TCB to lend money to RMF.

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Government Contracts Finance Lending 309

Housing Wire

OCTOBER 25, 2022

Recession is coming, according to the Mortgage Bankers Association. . The economic dislocation will bring mortgage originations down to $2.05 million in 2022 to 4.7 “The slowdown in housing activity and higher mortgage rates will quickly cut the rate of home-price growth. . trillion in 2023, compared to $2.26

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Mortgage Contracts Insurance Business 296

Housing Wire

JANUARY 25, 2023

Chicago-based mortgage lender Guaranteed Rate launched a new program this week that will provide up to $8,000 in assistance to potential first-time homebuyers from underserved communities. Buyers who qualify in these metro areas can use the assistance to purchase a house anywhere in the U.S.,

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Buyers Contracts Insurance Mortgage 367

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? Finance data.

Mortgage 361

Mortgage Retail Finance Investors 361

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

MARCH 23, 2023

history, respectively — also threatens liquidity channels for the independent mortgage banks (IMBs). The nation’s warehouse lenders are a lifeline of liquidity for the nonbank mortgage sector, providing IMBs with lines of credit and other financing that serve as key ingredients in the sausage-making of mortgage origination.

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Lending Investing Insurance Mortgage 396

Housing Wire

JULY 6, 2023

Horton also announced the acquisition of 156 lots and control of around 400 lots through option contracts from Truland affiliates, as well as 201 lots and control of approximately 260 lots through option contracts from third parties. In addition to the Truland acquisition, D.R. These strategic acquisitions will allow D.R.

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Contracts Development Insurance Construction 365

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

Mortgage 354

Mortgage Marketing Buyers Sellers 354

Housing Wire

JUNE 13, 2022

The Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Administration (FHA) last week asking the administration to shed light on some of the changes made to its Claims Without Conveyance of Title program. The FHA gave the mortgage industry 30 days to provide feedback. Presented by: Mortgage Coach.

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Insurance Inspection Contracts Buyers 332

Housing Wire

OCTOBER 25, 2022

Earlier this year at MBA Tech 2022, the Mortgage Bankers Association held a panel that included title industry executives, lender risk management executives and fintech risk vendors discussing wire and title fraud. Wire and title fraud risk reached a new record in the third quarter of 2022 at 47.9% Risk prevention and education.

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Insurance Clients Agents Tools 310

Housing Wire

NOVEMBER 18, 2022

31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. When the FHLB Act was adopted in 1932, membership was limited to mortgage lenders (e.g., savings and loan associations, savings banks, and cooperative banks) and insurance companies.

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Legal Law Insurance Finance 287

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. This will be particularly true as mortgage interest rates remain elevated and increase.

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Housing Market Marketing Construction Development 544

Housing Wire

JANUARY 13, 2023

That, in turn, could lead to improved liquidity outlets for loans secured by single-family investment properties — through the private-label securitization (PLS) market and via insurers, pension funds and other institutional investors that hold loans or mortgage-backed securities in portfolio. . And 2022 was off by some 17% from 2021.

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Marketing Investing Investors Landlords 399

Housing Wire

JANUARY 17, 2024

Fannie Mae and Freddie Mac are in the spotlight again over the role some housing-industry experts say they could play in reducing mortgage rates if they resumed a more active investor role in the mortgage-backed securities (MBS) market. trillion in June 2022. trillion , down from $2.7

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Marketing Investors Mortgage Finance 338

Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It

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Housing Market Marketing Inventory Buyers 344

Housing Wire

JULY 12, 2022

Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible. The State of Appraisals in 2022. The seller accepts it; they go into contract. that afternoon.

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Appraisal Inspection Real Estate Agent Training 401

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. If this article helped you understand more about disability insurance, it is worth the subscription price! September 28, 2022.

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Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. He is afraid of losing his home.

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Mortgage Government Contracts Insurance 317

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Click here E&O Insurance Tips Many appraisers are very slow now. They may allow you to come back as an insured appraiser.

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Appraisal Mortgage Business Contracts 75

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Homes sales reached 14,210 in May 2022, a 1.8%

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Marketing Real Estate Investing Retail 78

Appraisal Today

JULY 22, 2022

Fannie’s New ANSI FAQS July 2022. I received the Fannie email notice on July 19, 2022, at 10:30 Pacific time. When Fannie first announced in December 2021 that ANSI would be required on April 1, 2022, there was lots of confusion among appraisers who had never used ANSI or were not using it properly. Excerpt: Price: $345,000.

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Appraisal Contracts Buyers Design 52

Housing Wire

MAY 25, 2022

One of the largest loan-servicing companies in the nation, Lakeview Loan Servicing LLC , is facing at least a dozen civil lawsuits, all seeking class-action status, in the wake of a major cyberattack that compromised the personal data of the mortgage borrowers the company serves. million borrowers, including their Social Security numbers.

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Law Real Estate Clients Mortgage 399

Listing Spark

NOVEMBER 11, 2022

Here is the information you will need to get from unrepresented buyers in order to complete the contracts: Sales price. Who is agreeing to pay for title insurance? There is more information needed once you have the contracts themselves. This should allow you to move on to the next phase of preparing a written contract.

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Realtors Contracts HOA Sellers 36

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Data before 1971 is minimal.

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Insurance Appraisal Contracts Mortgage 79

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 80