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 community development loans and other investments, including affordable housing projects. TD Bank’s plan also includes $7.5

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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. To find out more about this program and Acra’s suite of mortgage lending options for mortgage professionals, visit the company’s new website at acralending.com.

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Housing Wire

JULY 6, 2022

The federal banking regulators responsible for overseeing the Community Reinvestment Act (CRA) obligations of lenders they regulate have released the 2022 list of distressed or underserved rural census tracts where community-development loans, investments and services are eligible for special CRA consideration.

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Housing Wire

APRIL 13, 2023

To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing.

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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.

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Housing Wire

FEBRUARY 16, 2022

If your state requires a lending license, make sure a the lender is licensed. Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Establish a private money lending network for real estate.

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Housing Wire

OCTOBER 15, 2021

Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. ” The post Roostify launches first of many AI-powered APIs on home lending platform appeared first on HousingWire.

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Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The Federal Home Loan Bank System was created in 1932 by the Federal Home Loan Bank Act as a government-sponsored enterprise to support mortgage lending.

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Housing Wire

MARCH 13, 2024

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. million, representing loans it has elected not to sell on the secondary market. million for the year.

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Appraisal Buzz

MAY 7, 2024

Previously, he was with non-QM lender Angel Oak Lending, where he served as chief marketing officer. Winokur’s significant expertise in marketing strategy, brand development, marketing communications and digital marketing is expected to quickly build on existing marketplace momentum for Carrington’s diverse non-QM offerings.

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Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. LaRue, meanwhile, will focus on the expansion of EasyKnock’s technology platform.

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Housing Wire

JANUARY 10, 2024

In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. Pennymac invested more than $1.5 million over the course of 12 years.

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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.

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Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. His portfolio is concentrated on purchase loans (98% of the total volume in 2023) for first-time homebuyers.

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Housing Wire

JANUARY 19, 2024

Patriot Bank added: “The bank entered into a consent order with the DOJ because the terms of the agreement affirm and adopt the programs and actions that the bank has already been implementing on its own for many years to help meet mortgage credit needs in the communities it serves, including its investment of $1.9

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Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. These credits can lead to fair lending violations. But I think at least allowing the credits to be there is a big step.

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Housing Wire

SEPTEMBER 29, 2020

Right now, while things are good, invest in cross-training your staff. People take pride in their work when they believe that their leaders are invested in them as people — not just as tools to help them reap short-term rewards. But brand recognition doesn’t develop overnight. Most importantly: Will you be able to retain them?

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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?

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Appraisal Buzz

MAY 6, 2024

Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. Johnston is an experienced industry veteran.

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Housing Wire

MAY 24, 2022

However, they have several more pressing priorities when it comes to what they’re investing in. Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process. The policy now expires on December 31, 2022.

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Housing Wire

MARCH 17, 2022

During the transactions, Apollo purchased eNote digital mortgage assets, originated by Figure on the Provenance Blockchain and registered on its Digital Asset Registration Technologies (DART) platform, via an investment vehicle it manages on a blockchain-based marketplace.

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Housing Wire

MARCH 8, 2024

The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. banks moved away from commercial real estate lending. NYCB, one of the largest U.S.

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Housing Wire

OCTOBER 11, 2022

The funds will be utilized to finance its lending product, CryptoMortgage. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties. Nevin, co-founder and CEO of Moon Mortgage, told CoinDesk that people have an incentive to invest in real estate with crypto.

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Housing Wire

AUGUST 30, 2021

To address these grievances, Cadence has agreed to invest over $5.5 million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods.

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Housing Wire

SEPTEMBER 1, 2021

Over the last three years, we have accelerated our investment in the development of account and loan origination software,” said Child. In 2019, Origence launched its “end-to-end” mortgage lending platform. It also has products geared toward auto shopping, indirect lending and consumer loans.

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Lending Technology Investing Design 342

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). Meetings will be conducted regularly via conference call. rebranded as Rithm Capital ).

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Lending Renovations Real Estate Finance 281

Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. Under the proposed consent order, Park National agreed to invest at least $7.75

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Advertising Lending Modernization Investing 311

Housing Wire

APRIL 25, 2024

The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR) — offered insights into various topics about the reverse mortgage product category.

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Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. F2 Finance – which launched in April – is the first venture introduced by a fintech investment firm Faes & Co – founded by Faes in 2023.

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Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. We continue investing in tech while it’s not that crazy busy. Zap Mortgage (no.294) 678), InstaLend (no.769)

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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.

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Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

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Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”.

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Lending Finance Mortgage Investors 545

Housing Wire

JANUARY 4, 2024

“If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” Reverse mortgage companies have also invested in their own home modification programs. . “But what constitutes an emergency?” ” Molinsky told NextAvenue.

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it.

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Appraisal Buzz

APRIL 15, 2022

Nations Lending , a national full-service mortgage lender, has added to its executive team by bringing in Cindy Baird as executive vice president of national operations. In addition to ensuring streamlined and efficient operations, Baird will also work to develop and implement processes that have a direct impact.

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Housing Wire

JUNE 8, 2021

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We According to Lind, one way for existing housing stock to be expanded and improved upon is through investors or developers using fix’n’flip loans.

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