Remove 2025 Remove Lending Remove Mortgage Remove Training
article thumbnail

loanDepot promotes David Smith to vice president of national VA lending

Housing Wire

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. The appointment supports the company’s Vision 2025 plan , the company said.

Lending 282
article thumbnail

HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. Total loan volume projected for all MMI programs for 2025 is $237.9 federal government.

Mortgage 325
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How LOs, mortgage execs are preparing for 2024

Housing Wire

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 438
article thumbnail

Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 348
article thumbnail

UAD Redesign Timeline

Appraiserblogs

My concern at this point is ‘training’ materials will be available in Q4 2024, but actual implementation of the ‘new reporting process’ won’t begin until Q3 2025 with limited production, into 2026. As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me.

Training 107
article thumbnail

Will new products stop the bleeding for mortgage lenders? 

Housing Wire

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 384
article thumbnail

State Initiatives Aim to Improve Housing Inequities

Will Springer Realtor

For many decades, restrictive covenants inserted into deeds and mortgage documents codified exclusion, divided communities and locked many Americans out of the benefits of property ownership,” said the National Association of Realtors®. government created the Federal National Mortgage Association.