Housing Wire

JUNE 8, 2022

VanDyk Mortgage Corporation has signed a contract to use Black Knight ‘s MSP system to expand its servicing operations, the company announced Wednesday. ” Staying nimble in a fast-paced market with the right mortgage technology. .” Presented by: Black Knight.

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Mortgage Technology Contracts Tools 333

Housing Wire

JANUARY 26, 2022

Mortgage applications fell 7.1% from the previous week, following an increase in rates to the highest level since the pandemic onset, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. For jumbo mortgage loans (greater than $647,200), rates went to 3.56% from 3.54% the week prior.

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Mortgage Government Contracts Lending 349

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

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Mortgage Legal Lending Investors 346

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

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Mortgage Legal Lending Investors 343

Housing Wire

APRIL 19, 2023

Owners of a North Carolina property have filed an amended lawsuit against Rocket Mortgage that claims the lender rejected a refinance application in order to impose a higher rate. The incident in question dates back to March 2022 when mortgage rates were still relatively low. in March and April of 2022,” the suit said. of the U.S.

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Contracts Lending Mortgage Legal 379

Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreement by changing the driver of the car starting in May 2022.

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Legal Contracts Lending Loan Officers 266

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 357

Housing Wire

SEPTEMBER 22, 2022

Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. In exchange, the homeowner inks a contract providing the company with a slice of the homeowner’s future equity. 21, according to Mortgage News Daily.

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Marketing Contracts Finance Home Value 353

Housing Wire

JANUARY 14, 2021

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning. The mortgage industry has been forced to respond to the massive and sudden work-from-home mandates. Presented by: SimpleNexus. Consumers can succeed as self-directed digital learners.

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Mortgage Technology Business Tools 476

Housing Wire

JUNE 9, 2021

TIAA Bank is selling its correspondent lending platform to Pentagon Federal Credit Union for an undisclosed amount of money. The deal represents the latest mortgage space exit for the Jacksonville-based financial firm. TIAA Bank has laid off more than 200 workers over the past six months as it pivots away from mortgage servicing.

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Lending Retail Business Contracts 360

Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. It all starts with the standard appraisal forms used in the mortgage process. Data will be emphasized and made more discrete.

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Appraisal Design Lending Technology 397

Housing Wire

NOVEMBER 23, 2020

Yellen oversaw a program to sell Treasury and mortgage bonds that the Fed had purchased to stimulate the economy. Presented by: Freddie Mac. Economists at JPMorgan Chase last week said they expect the economy to contract even further in the first quarter of the year due to an uptick in coronavirus infections.

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Lending Contracts Government Finance 523

Housing Wire

APRIL 3, 2023

For independent mortgage banks [IMBs], the uncertainty of the direction the banking calamity will take and its impact on the housing-finance market remains an open question. Federal Reserve lending to banks through its discount window and the new Bank Term Lending Program created in the wake of SVB ’s failure stood at a combined $152.6

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Lending Mortgage Business Contracts 316

Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. What challenges does this present to brokers? To stay ahead, brokers must find a lending partner that understands just how beneficial this is.

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Marketing Lending Inventory Mortgage 388

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.

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Mortgage Retail Finance Investors 358

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

FEBRUARY 12, 2021

United Wholesale Mortgage has filed a motion to dismiss a lawsuit filed by three independent mortgage brokers last year whom the lender accused of “churning.” Presented by: Motto Mortgage. The contract that they drafted has terms on them. How to Diversify Your Brokerage to Weather Economic Hardship.

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Mortgage Brokerage Law Contracts 249

Housing Wire

DECEMBER 2, 2020

billion of it coming through its forward-lending arm. “Our platform was purpose-built to create a business that could better withstand the cyclicality of most consumer lending businesses,” CEO Mary Cook said on an earnings call. Presented by: WFG. The company funded $9.17 billion in the third quarter, with about $8.5

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Finance Lending Retail Business 215

Housing Wire

MARCH 26, 2021

During a four-week period ending March 21 and covering 400 metros, 58% of homes that went under contract had an accepted offer within the first two weeks on the market. Increasing Lending and Servicing Capacity – Regardless of Rates. Presented by: Sutherland. is short 2.5 million homes,” she said.

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Inventory Contracts Construction Lending 545

Housing Wire

SEPTEMBER 20, 2022

Delray Beach, Florida-based mortgage lender ResMac, Inc. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger. It’s all part of a strategy to not only survive the most challenging mortgage market in decades, but to come out of it stronger.

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Marketing Investors Retail Mortgage 328

Housing Wire

DECEMBER 21, 2021

Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block. According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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Loan Officers Retail Business Mortgage 433

Housing Wire

AUGUST 7, 2023

The capital, capability and content are present to make all real estate markets smarter, faster, safer and connected. Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Consumers, communities and taxpayers are major beneficiaries.

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Real Estate Supply Chain Architecture Brokerage 319

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. But mortgage rates increased faster than at any point in history. Presented by: Change Wholesale.

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Marketing Real Estate Real Estate Agent Brokerage 367

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. Presented by: Altisource.

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Appraisal Loan Officers Valuation Finance 365

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. “You’ve The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 370

Housing Wire

JUNE 11, 2021

If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. Should the appraisal come in lower than the contract price, the closing process may be impacted. Sponsored content presented by Citibank, N.A. NMLS #412915. Member FDIC and Equal Housing Lender.

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Inspection Appraisal Buyers Appraisal Process 423

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. Sponsored content presented by Citibank, N.A. This means you have to have the cash on hand to make up the difference.

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Inspection Sellers Buyers Tools 433

Housing Wire

JUNE 2, 2022

Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans to eventually pursue blockchain-based transactions for tokenized collateral involving equities and fixed-income securities, which include mortgage-backed securities (MBS).

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Technology Investing Investors Mortgage 369

Housing Wire

APRIL 6, 2021

How hybrid title and valuations help increase lending efficiency. Presented by: Altisource. “I For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. She recently had a deal fall apart due to appraisal. Streamline by combining services. million and sell for $2.03

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

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Real Estate Agent Sellers Inspection Real Estate 69

Raleigh Realty

FEBRUARY 19, 2022

They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. Your mortgage lender informs you of the next step in the process: the home appraisal. 9 Things to Know BEFORE Your Home Appraisal Home appraisals.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. You should also consider non-QM lenders (non-qualified mortgage lenders). Non-lending appraisal courses.

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Appraisal Training Lending Land Management 74

Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals. By Dallas T. This kept appraisers busy.

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Appraisal Inspection Modernization Business 69

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S.

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Mortgage Real Estate Law Lending 36

Housing Wire

NOVEMBER 3, 2023

“We may eventually have it where buyer commissions can be rolled into the mortgage. Here are a couple things brokers may want to consider implementing: Buyer representation agreements Murray and Hahn recommend that brokers shore up buy-side presentations and buyer representation agreements.

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Real Estate Brokerage Buyers Property Management 288

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!! Back in the day, this protected the lender from lending more than the home/property is worth. THIS IS JUST ANOTHER DOWNTURN.

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Appraisal Contracts Insurance Construction 80

Raleigh Realty

MARCH 26, 2022

The only time you would have to pay the buyer’s agent is if you were buying a For Sale By Owner (FSBO) and the seller stated in the contract that they would not be paying any commission. However, you more than likely will never experience this since most contracts are written up and the commission is almost always paid by the seller.

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Real Estate Buyers Agents Contracts 148