Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Morgan have done a great job of developing those channels for securitizations. Lenders like J.P.

Lending 466

Lending Inventory Mortgage Finance 466

Housing Wire

JUNE 22, 2023

In addition, the groups “request transparency in the process of developing final guidelines for condo and housing cooperative lending requirements.” “Any In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. the letter states.

Lending 370

Lending Development Inspection Realtors 370

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. Presented by: Selene Finance. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

Lending 384

Lending Finance Loan Officers Legal 384

Appraisal Buzz

AUGUST 12, 2021

Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA)— will address discrimination in housing and enhance federal enforcement of the Fair Housing Act. The post Agencies Join to Advance Unbiased Lending appeared first on Appraisal Buzz.

Lending 370

Lending Government Finance Development 370

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 420

Lending Finance Contracts Development 420

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

Finance 370

Finance Marketing Lending Inventory 370

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The relaxed lending standards allowed the GSEs to use “appraisal alternatives to reduce the need for appraisers to inspect the interior of a home for eligible mortgages.” 31, 2021. “We 31, 2021 from Dec.

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

FEBRUARY 22, 2022

Federal finance and housing regulators today issued a statement to assure lenders they are on the same page when it comes to special purpose credit programs. Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing.

Lending 384

Lending Development Finance Law 384

Housing Wire

JANUARY 7, 2021

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. The post Acra Lending launches new jumbo prime program appeared first on HousingWire.

Lending 370

Lending Development Design Finance 370

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

Lending 410

Lending Finance Development Law 410

Housing Wire

MAY 3, 2021

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. Those rates resulted in record-setting volume for real estate and mortgage companies, and a whole new set of challenges for their finance leaders. The following pages honor HousingWire’s first class of housing finance heavy hitters.

Finance 397

Finance Lending Realty Investing 397

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.” The post Guaranteed Rate to acquire Stearns Lending appeared first on HousingWire.

Lending 538

Lending Retail Real Estate Agent Brokerage 538

Housing Wire

APRIL 9, 2021

This gives non-bank lenders and servicers significantly greater access to more consumers and provides an opportunity for student lending to make an impact. CampusDoor has developed the leading platform for originating student loans, and for the non-bank mortgage lenders coming onboard, the process is very established.

Lending 397

Lending Finance Development Mortgage 397

Housing Wire

DECEMBER 7, 2021

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. The post HUD ends silence on targeted lending programs appeared first on HousingWire.

Lending 441

Lending Law Design Government 441

Housing Wire

APRIL 25, 2022

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. “We’re excited to have him on board and look for positive developments with Jim at the helm of Flagstar’s distributed retail operation.”

Retail 384

Retail Lending Mortgage Real Estate 384

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. Reverse mortgages have been part of our lending solutions toolkit since our founding,” she says.

Finance 384

Finance Mortgage Lending Development 384

Housing Wire

MARCH 23, 2022

“Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage. “From the bottom up, our goal is to build a lifelong relationship around mortgage lending.”

Finance 366

Finance Loan Officers Lending Housing Market 366

Housing Wire

JULY 5, 2023

Click the button below to register for the can’t-miss housing event of the season. Future-proof your business with this year’s powerful HW Annual agenda.

Development 370

Development Housing Market Marketing Mortgage 370

Housing Wire

DECEMBER 14, 2021

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead.

Lending 384

Lending Technology Government Investors 384

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. AFR offers agency, nonagency and government lending products.

Lending 430

Lending Renovations Construction Finance 430

Housing Wire

JULY 12, 2023

In early 2022, seven agencies, including the Consumer Finance Protection Bureau , gave lenders the green light to develop SPCPs and increase credit access to historically disadvantaged individuals without worrying that they’d violate fair lending laws.

Finance 370

Finance Law Lending Development 370

Housing Wire

APRIL 24, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Earlier this month, Figure launched its Digital Asset Registration Technologies (DART) platform, making it available to private and wholesale lending partners.

Technology 439

Technology Lending Design Finance 439

Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

Lending 410

Lending Contracts Investors Technology 410

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. HousingWire: How do you view the lending landscape for 2024? The easiest way to build that awareness was to build a robust lending platform.

Lending 430

Lending Development Investors Finance 430

Boston Appraisal

OCTOBER 6, 2023

While there is a myriad of financing options available for those looking to purchase or invest in real estate, today we’ll zero in on two distinct choices: hard money loans and traditional financing. Hard money loans, in contrast, are often financed by private investors or smaller lending companies.

Finance 148

Finance Investors Lending Real Estate 148

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 421

Business Investors Finance Home Improvement 421

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. Industry practitioners have some ideas for how HUD might make financing such loans more feasible.

Mortgage 384

Mortgage Finance Lending Development 384

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Tom Selleck, as well as the development of additional products in the space to meet the growing needs of the senior demographic.

Mortgage 411

Mortgage Finance Real Estate Best Value 411

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. billion in loans, down 25% year over year, according to Inside Mortgage Finance estimates. In the mortgage space, TD Bank was a top-35 U.S.

Investing 420

Investing Lending Finance Business 420

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 450

Technology Development Real Estate Realty 450

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 431

Tools Mortgage Finance Lending 431

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. . Wagner will be responsible for helping Lower’s partners develop their business strategy in the home lending space, Synder said. population.

Mortgage 384

Mortgage Lending Finance Retail 384

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. KBRA Analytics’ acquisition of DLD closed quietly on Aug.

Lending 370

Lending Finance Investors Clients 370

Eyes on Housing

NOVEMBER 16, 2022

During the third quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

Development 144

Development Construction Finance Lending 144

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. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Mortgage 441

Mortgage Lending Loan Officers Design 441

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Technology 466

Technology Lending Government Legal 466

Housing Wire

FEBRUARY 2, 2024

Department of Housing and Urban Development (HUD) is not reducing its oversight of the housing finance ecosystem, the notice said. With application for all FHA Title I and Title II programs, this rule encompasses both forward mortgage lending and the FHA-sponsored Home Equity Conversion Mortgage (HECM) program.

Mortgage 441

Mortgage Finance Insurance Lending 441