Housing Wire

MARCH 8, 2024

Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. According to the Federal Deposit Insurance Corp. banks moved away from commercial real estate lending. FDIC), banks held $2.78 NYCB, one of the largest U.S.

Real Estate 464

Real Estate Insurance Lending Retail 464

Housing Wire

JANUARY 10, 2024

Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA).

Mortgage 433

Mortgage Lending Loan Officers Design 433

Housing Wire

JULY 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

Insurance 370

Insurance Brokerage Clients Real Estate Agent 370

Housing Wire

MAY 15, 2024

Former Ginnie Mae President Ted Tozer previously floated a plan in which there would be “debt guarantee for a Ginnie Mae issuer, collateralized by assets insured or guaranteed by a federal mortgage program agency.” CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

Modernization 417

Modernization Government Contracts Insurance 417

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 370

Real Estate Lending Technology Investing 370

Housing Wire

JUNE 7, 2022

Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room. But unless the automation is specifically designed to solve these problems, it stands little chance of being effective. appeared first on HousingWire.

Lending 377

Lending Mortgage Technology Modernization 377

Housing Wire

SEPTEMBER 23, 2020

The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway.

Renovations 543

Renovations Insurance Home Improvement Design 543

Housing Wire

MARCH 17, 2023

The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

Mortgage 370

Mortgage Clients Technology Development 370

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

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Business Finance Buyers Lending 442

Housing Wire

JANUARY 12, 2024

The company later told RMD, however, that the loan was within current product lending limits. The 2023 reverse mortgage limit for Federal Housing Administration (FHA)-insured Home Equity Conversion Mortgages (HECMs) stood at $1,089,300, but proprietary reverse mortgages are not subject to FHA limits. to the Heritage Harbor Foundation.

Tools 424

Tools Mortgage Finance Lending 424

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. billion U.S.

Insurance 413

Insurance Technology Lending Real Estate Agent 413

Housing Wire

NOVEMBER 1, 2022

Lenders invest significant time and money into building diverse portfolios of loan products designed to meet borrowers’ unique needs, yet those products often sit underutilized,” Mortgage Coach and Sales Boomerang Chief Lending Officer Joe Puthur said in a statement.

Mortgage 424

Mortgage Project Management Insurance Loan Officers 424

Housing Wire

DECEMBER 1, 2022

In May this year, Polly’s mortgage SaaS technology integrated with mortgage insurance providers like Arch MI, Enact, Essent, MGIC, National MI and Radian.

Mortgage 404

Mortgage Technology Investing Design 404

Housing Wire

FEBRUARY 1, 2024

As a refresher, “redlining” means that no matter the features or amenities that a home provides, if the home is in a neighborhood with Black residents (homeowners or renters), traditional (and more affordable) lending and insurance would be denied — although a few sub-prime options tend to circle these communities like sharks.

Real Estate 404

Real Estate Appraisal Insurance Training 404

Housing Wire

FEBRUARY 21, 2024

In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts.

Housing Market 425

Housing Market Mortgage Marketing Real Estate 425

Housing Wire

OCTOBER 18, 2022

The product is designed specifically for homeowners who require in-hand leases to qualify for mortgages on new home purchases. Knox Upside, which distributes rental income to the investment property owner when a resident pays rent and enables owners to access their equity through Knox’s proprietary lending platform. .

Investing 404

Investing Real Estate Lending Tenants 404

Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. Stavvy has the power to bring these disparate components together.

Real Estate 387

Real Estate Design Lending Agents 387

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance 379

Insurance Investors Design Finance 379

Housing Wire

JULY 19, 2022

The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. or pursue refinancing.

Mortgage 424

Mortgage Design Insurance Lending 424

Housing Wire

JUNE 21, 2023

Earlier this month, that coalition of six federal agencies requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The Agencies expect to issue a proposed rule to implement the Dodd-Frank Act’s AVM amendments to FIRREA in June 2023.”

Valuation 370

Valuation Finance Legal Development 370

Housing Wire

DECEMBER 2, 2020

Sure, new online lending operations like SoFi, Better and a handful of others are taking advantage of their lack of traditional infrastructure. Digital lending is easier for companies that were born in the cloud. The cloud has helped to accelerate online and virtual processes extending into every step of the lending process.

Mortgage 403

Mortgage Lending Technology Modernization 403

Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. Presented by: Mortgage Coach.

Law 414

Law Legal Valuation Government 414

Housing Wire

JUNE 24, 2021

Panelists: Brian Covey, VP, Regional Production, loanDepot Andrew Haberman, Digital Marketing Manager, Synergy One Lending Neel Dhingra, Mortgage Banker, All Western Mortgage Brena Nath, Managing Editor, HousingWire. Panelists: Scott Betley, Loan Officer, NFM Lending Brena Nath, Managing Editor, HousingWire. Building a Personal Brand.

Loan Officers 380

Loan Officers Lending Finance Business 380

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. The company also released the MyHome platform in the fourth quarter of 2020, designed to provide transparency to every participant in the real estate transaction through immediate access.

Real Estate Agent 370

Real Estate Agent Clients Insurance Real Estate 370

Housing Wire

JULY 1, 2021

Arch Mortgage Insurance. Planet Home Lending. Supreme Lending. VP, Marketing & Design. Fairway Independent Mortgage Corporation. Jim Anderson. Chief Marketing Officer. Finance of America Mortgage. Chief Marketing Officer. Jim McDonald. Chief Marketing Officer. Joe Manning. Chief Marketing and Technology Officer.

Marketing 393

Marketing Advertising Real Estate Technology 393

Housing Wire

MARCH 3, 2022

But this is going to become infinitely more complex,” said David Sheeler, executive vice president of correspondent lending and servicing finance at Freedom Mortgage Lending. Rocket was the number three issuer of Ginnie Mae-insured mortgages in February, originating $3.5 So, it may start to come down.

Insurance 370

Insurance Finance Government Mortgage 370

Housing Wire

APRIL 27, 2021

The Consumer Financial Protection Bureau would designate the chairperson of the body. However, we must not lose sight that structural biases within the broader marketplace and among all stakeholders within real estate and lending continue to play significant roles that impact the realities of the real property market.”.

Appraisal 382

Appraisal Valuation Design Real Estate 382

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 414

Housing Market Marketing Contracts Finance 414

Housing Wire

AUGUST 22, 2023

On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. Department of the Treasury ; and the Federal Reserve System.

Valuation 370

Valuation Appraisal Government Real Estate 370

Housing Wire

MAY 18, 2022

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. And I think it’s important for lenders to frame the product that way with borrowers – as a proactive tool designed specifically for older homeowners and one that can help them retire with more financial freedom and peace of mind.

Mortgage 393

Mortgage Clients Insurance Tools 393

Housing Wire

OCTOBER 23, 2020

Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance. As this settlement demonstrates, we are committed to holding mortgage lenders accountable when they choose to abuse the integrity of vital government programs that are designed to assist homeownership,” U.S.

Mortgage 483

Mortgage Government Retail Lending 483

Housing Wire

SEPTEMBER 6, 2023

Any future exit from conservatorship will confront issues beyond capitalization such as data monetization, risk parameters, secondary market design, FHA execution and the pricing of mortgage guarantees. Audience assets will be valued based on transaction volumes and bundles of listings, lending, loan sales and servicing and trading content.

Supply Chain 370

Supply Chain Real Estate Technology Mortgage 370

Housing Wire

MAY 21, 2021

People also generally understand that the big bank push to replace the QM DTI standard with an APOR metric is NOT based on a desire to do more mortgage lending to lower income families — but instead to well-heeled borrowers with a high DTI and a lower LTV. This makes no sense for many reasons. IMBs do the opposite.

Lending 418

Lending Mortgage Design Insurance 418

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. Potter added: “Government lending would come to a halt. In both instances, FHA and VA borrowers might see their up-front home-buying expenses increase if they have to shoulder agent’s commissions.

Agents 450

Agents Sellers Buyers Finance 450

Housing Wire

SEPTEMBER 17, 2021

This borrower-oriented model could help the industry design a framework for any natural disaster in the future. The mortgage industry is inundated with paperwork, and some services offer limited options to efficiently digitize and process lending and servicing documents. Under the legislation, approximately 7.2

Mortgage 404

Mortgage Technology Insurance Government 404

Housing Wire

AUGUST 31, 2021

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers.

Real Estate 284

Real Estate Technology Development Design 284