Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. 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.

Mortgage 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officers 381

Loan Officers Mortgage Retail Lending 381

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 350

Lending Finance Legal Contracts 350

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “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

FEBRUARY 21, 2024

Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp.

Mortgage 360

Mortgage Loan Officers Clients Lending 360

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. What will servicing look like in 2022?

Lending 344

Lending Finance Loan Officers Legal 344

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 billion in 2022, up from the previous year’s $2.2

Mortgage 385

Mortgage Investors Development Investing 385

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 359

Lending Real Estate Agent Loan Officers Retail 359

Housing Wire

NOVEMBER 16, 2023

Nonbank originator Change Lending and the U.S. Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).

Lending 323

Lending Finance Contracts Development 323

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations. What if it doesn’t?).

Marketing 447

Marketing Mortgage Supply Chain Inventory 447

Housing Wire

FEBRUARY 21, 2024

First Home Mortgage Corp. In that context, First Home appointed Chris Channell, a 2022 HousingWire Rising Star , to the position of vice president of business development at the Bethesda location. Previously, Channel worked at Draper and Kramer Mortgage Corp. Previously, Channel worked at Draper and Kramer Mortgage Corp.

Mortgage 404

Mortgage Clients Development Business 404

Housing Wire

OCTOBER 4, 2022

The following profiles for our 2022 honorees include the origin stories of 100 industry elites who continue to have a major impact on the housing landscape. Congratulations to the 2022 HousingWire Vanguards who continue to improve and shape the housing landscape. Head of Neighborhood and Community Lending. Mortgage Champions.

Human Resources 384

Human Resources Lending Real Estate Technology 384

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. The mortgage lender hopes to boost volume in the channel. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans.

Retail 344

Retail Mortgage Loan Officers Lending 344

Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. 03 Marketing Leaders Success Summit: The Future of Marketing.

Lending 358

Lending Development Finance Technology 358

Housing Wire

JULY 1, 2022

Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. Sprout Mortgage. Cherry Creek Mortgage. First Guaranty Mortgage Corporation. Enact Mortgage Insurance. Area Business Development Manager. Fairway Independent Mortgage Corporation.

Marketing 382

Marketing Realty Real Estate Lending 382

Housing Wire

JULY 6, 2022

The federal banking regulators responsible for overseeing the Community Reinvestment Act (CRA) obligations of lenders they regulate have released the 2022 list of distressed or underserved rural census tracts where community-development loans, investments and services are eligible for special CRA consideration.

Lending 339

Lending Development Insurance Investing 339

Housing Wire

JULY 6, 2022

Wells Fargo, the third-biggest mortgage lender in the country, will lay off 125 employees in its home lending division in Iowa by the end of August. The bank will cut 11 jobs in July and 114 in August, according to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Iowa Workforce Development.

Mortgage 404

Mortgage Lending Business Development 404

Housing Wire

JANUARY 18, 2023

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . iBuyer Opendoor is Lower’s first mortgage platform customer, which Snyder said will help the platform expand its reach. . population.

Mortgage 337

Mortgage Lending Finance Retail 337

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) Zap Mortgage (no.294) The companies are U.S.-based,

Loan Officers 358

Loan Officers Mortgage Development Lending 358

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. But this is no ordinary mortgage startup. For starters, it does not originate mortgage refinancings.

Lending 434

Lending Real Estate Real Estate Agent Modernization 434

Housing Wire

JULY 15, 2022

Wells Fargo ‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a rapid rise in mortgage rates has eroded consumer demand, shocked capital markets and forced mass industry layoffs. The lone bright spot was higher mortgage servicing income.

Business 385

Business Mortgage Lending Retail 385

Housing Wire

MARCH 8, 2024

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry. from 2021 to 2022, reaching nearly $6,000, per the CFPB post. These costs increased by 21.8%

Mortgage 427

Mortgage Legal Insurance Finance 427

Housing Wire

MAY 7, 2024

Carrington Mortgage Services (CMS) hired Steven Winokur to serve as vice president of marketing for third-party originations (TPO), the company announced Tuesday. Carrington Mortgage Services provides non-QM loans, conventional loans and government-backed mortgages through the Federal Housing Administration ( FHA ), U.S.

Marketing 310

Marketing Retail Lending Investing 310

Housing Wire

JUNE 1, 2022

Congratulations to the 2022 class of Rising Stars who are carving out their own paths forward with the lessons learned along the way. Open Mortgage. Planet Home Lending. VP, Mortgage Verification Services. Senior Director, Mortgage Servicing Policy. Mortgage Insurers. VP, Correspondent Lending.

Architecture 336

Architecture Realty Insurance Lending 336

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

Lending 365

Lending Government Legal Law 365

Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . We’re expecting close to 100% growth [in 2022] from 2021, and this year, 2021, is our biggest year ever,” he said. “We

Lending 314

Lending Technology Government Investors 314

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

Mortgage 364

Mortgage Retail Lending Sellers 364

Housing Wire

JANUARY 2, 2024

While most have their eyes on the horizon, HousingWire’s dedicated reverse-centric publication, Reverse Mortgage Daily (RMD), will look back one more time at a year of challenge. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) has taken a more critical look at the situation.

Mortgage 337

Mortgage Government Business Lending 337

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HW: How has wholesale changed over the past 2–3 years?

Mortgage 342

Mortgage Retail Lending Loan Officers 342

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HW: What strategies can loan officers employ to win with non-QM in the second half of 2022? What would you say to those loan officers? Get back to basics to find it.

Lending 330

Lending Loan Officers Training Investors 330

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets.

Mortgage 412

Mortgage Clients Lending Investors 412

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. Due to high fixed origination costs, many mortgage lenders shy away from offering mortgages under $150,000.

Mortgage 331

Mortgage Government Lending Finance 331

Housing Wire

JULY 5, 2023

District Court for the Western District of Texas by a group of current and former staffers from the company’s bilingual mortgage sales team alleging race-based discrimination. Wells Fargo forces its employees on the Bilingual team to offer predatory lending options to Spanish-speaking customers,” the initial legal complaint reads.

Mortgage 344

Mortgage Lending Legal Business 344

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb.

Human Resources 378

Human Resources Mortgage Loan Officers Finance 378

Housing Wire

OCTOBER 11, 2022

Moon Mortgage, a crypto-backed mortgage provider, on Tuesday announced raising a $3.5 The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets.

Mortgage 351

Mortgage Investors Investing Lending 351

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 287

Mortgage Technology Lending Modernization 287