Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. How hybrid title and valuations help increase lending efficiency. Developers, lenders or local governments could compete for the funds through an application process.

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Renovations Development Investors Legal 505

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. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

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Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. It extends to their checking and savings accounts, small business and community development debt and equity financing, bank branch locations, financial literacy, grantmaking and more. We recognize that a duty to serve applied to IMBs may require a flexible approach.

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Lending Development Government Finance 489

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. We had a great discussion!

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Housing Wire

JULY 31, 2022

Wolters Kluwer solutions are complete, scalable and integrated with a digital ready secondary market ecosystem that includes the GSEs, Ginnie Mae, large investors, leading originators, warehouse lenders and custodians,” explained Meirink. Shane Martin – Vice President, Specialty Lending.

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Lending Technology Real Estate Government 362

Housing Wire

DECEMBER 11, 2020

In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team. Filkey brings 15 years of industry experience, with a heavy focus in mortgage banking, alternative product development and asset management.

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Lending Legal Clients Development 378

Housing Wire

MAY 27, 2022

The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”. The requirement also applies to mortgage lenders, legal experts say.

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Law Valuation Legal Government 417

Housing Wire

JULY 6, 2023

Clearly, not all these homes can be returned to the market in a cost-effective way, or face other obstacles, such as their location in higher-crime or deteriorating neighborhoods, according to Keith Lind, CEO of Acra Lending. NAR is advocating for temporarily lower capital gains taxes for mom-and-pop real estate investors [i.e.,

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Inventory Renovations Real Estate Government 462

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

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Mortgage Loan Officers Government Buyers 383

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. And investor guidelines are continually evolving.

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Marketing Investors Technology Loan Officers 381

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

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Real Estate Supply Chain Architecture Brokerage 367

Housing Wire

SEPTEMBER 12, 2023

Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. But it will bring with it different challenges.

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Loan Officers Investors Mortgage Clients 395

Housing Wire

MARCH 28, 2024

Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested. In industries where the government is just waiting for someone on your team or extended team to make a mistake, this doesn’t work as well. Two things I will say about technology.

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Mortgage Technology Tools Business 456

Housing Wire

JUNE 28, 2022

We have been working closely with Ginnie Mae on this program and are very excited that as of June 20 the program began accepting new applications from eIssuers, eCustodians, and subservicers, opening up the government market to eNotes. In addition to the momentum and the economics, digital lending just makes sense.

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Mortgage Training Business Transportation 403

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

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Real Estate Brokerage Real Estate Agent Technology 374

Housing Wire

JANUARY 31, 2021

The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics. lenders and nearly every mortgage investor, including the GSEs.

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Valuation Technology Development Real Estate 266

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Mortgage Technology Investing Investors 446

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. The growth is going to happen, regardless.

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Marketing Retail Lending Mortgage 369

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

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Mortgage Marketing Retail Lending 521

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. ” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development.

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Sellers Investors Valuation Finance 303

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There  There are a number of different options regarding getting the money necessary to acquire the property on which to build a house.

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Housing Wire

APRIL 26, 2023

Government insurers and guarantors adapted to offer new options to borrowers like forbearance, partial claim/payment deferrals and extended-term modifications. Real-time data means systems can respond to real-time policymaking without ever missing consumer and investor requirements or any compliance details.

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Insurance Mortgage Government Investors 364

Housing Wire

JUNE 10, 2021

Fannie Mae and Freddie Mac have imposed tighter restrictions making the government box smaller and smaller. Some non-QM lenders must get approval from outside investors that could result in delays. One of our biggest differentiators from other lenders is the fact that we are the end investor.

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Clients Business Mortgage Investors 376

Housing Wire

MARCH 14, 2023

has promoted Jennifer George to vice president of investor relations and credit policy, the company said in a statement issued Tuesday. At Waterstone Mortgage, George “re-engineered” the lender’s credit policy strategy and oversaw the addition of manual underwriting for the lender’s government products, according to the press release.

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Investors Development Mortgage Government 343

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. of the U.S. population. An army of door-knockers.

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Law Mortgage Legal Finance 369

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. Non-lending appraisal courses. Who staffs these types of jobs?

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Appraisal Training Lending Land Management 74

Housing Wire

JUNE 9, 2022

Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. Among the plans is an effort to develop an automated underwriting app for non-QM loans, he said. Outside of tweaking timelines, our overall vision and outlook hasn’t changed for this year.”.

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Marketing Contracts Technology Mortgage 382

Housing Wire

MARCH 29, 2022

To minimize the pain, legacy loan manufacturing processes typically collect only as many months of asset statements as are required by investors — often just two months for conventional and government loans. Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), U.S.

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Lending Modernization Construction Government 357

Housing Wire

SEPTEMBER 13, 2023

CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The data can also be accessed via an API, in bulk data, or through a dynamic web application.

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Tools Valuation Inspection Investors 394

Housing Wire

SEPTEMBER 12, 2023

During this crisis, many savings and loans failed, and the federal government stepped in to bail out the industry. This left a void in the mortgage lending market, which was filled by IMBs. Instead, they were filling a need for other investors who still had liquidity. Some are still doing this today and doing quite well.

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Mortgage Investors Business Lending 393

Appraisal Today

JUNE 7, 2024

== Underwater Lot in Alameda (San Francisco Bay Area) Surfaces on the Market for $400K Listing agent comments: The listing is quite upfront about the splashy property: “This is a water lot,” it states, adding that the parcel is “an investor’s/developer’s opportunity where location, location is everything.”

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Appraisal Insurance Contracts Business 73

Lamacchia Realty

JANUARY 11, 2022

As we head into 2022, major lenders Fannie Mae and Freddie Mac have updated their lending guidelines on condominium buildings. . Are there any code violations or local government certifications the HOA has not satisfied now or in the last 5 years?

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HOA Mortgage Property Management Buyers 55

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Freddie Mac works with a network of lenders across the country to purchase conventional mortgages and package them into securities that are sold to investors.

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Government Housing Market Mortgage Investors 36

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. “The way the investor gets paid is that you share in the upside of the home.” Things take longer to develop, but the relationships are also typically stickier. There will be changes.

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Investors Investing Mortgage Real Estate 378

Housing Wire

APRIL 28, 2022

If you were to take an inventory of deals which came out, a majority of the deals have been investor [investment property] … deals, and the prime jumbo deals have been very far and few in between.”. We’ll continue to watch this trend as it develops.”. in 2021 were bought by institutional investors,” Lind said. “In

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Investors Marketing Investing Inventory 351

Housing Wire

JANUARY 24, 2024

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement.

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Investors Lending Finance Design 456

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

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Appraisal Tenants Investors Business 148