Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. Mike Cagney, SoFi. billion across these deals.

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Lending Technology Finance Insurance 247

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors.

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Business Lending Finance Real Estate 296

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, Lind points to Finance of America Mortgage , First Guarantee Mortgage Corp. billion, up from $2.1 We’re gaining that business.

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Business Lending Investors Finance 313

Housing Wire

NOVEMBER 17, 2021

Simply put, it looks at all the insured loans in the single-family business and factors in expected interest rates, home price forecast, default rates and severity rates over the entire duration of these loans, some of which will be on the books for 30 years. Just look at HUD’s own data on FHA lending: 1. The time is now.

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Insurance Mortgage Bracketing Government 384

Housing Wire

NOVEMBER 7, 2023

The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending. Banks would be unable to improve the economics of mortgage lending by transferring the risk to a third party, a common practice in the mortgage industry.

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Mortgage Marketing Finance Lending 405

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 Market Marketing Contracts Finance 374

Housing Wire

APRIL 5, 2022

To boot, one of the first financing transactions on record was made in January 2022 by technology firm TerraZero. Lending is lending. Similar to consumer lending, you may consider a simplified tradeline-level AUS scorecard to deliver an instant decision to applicant(s). It was a $45,000 purchase in Decentraland.

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Real Estate Mortgage Property Taxes Law 527

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed.

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Real Estate Investing Investors Renovations 382

Housing Wire

FEBRUARY 4, 2021

Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said. Strategies lenders should adopt from direct to consumer lending. Sign up here.

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Legal Investors Lending Finance 409

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Aslan Home Lending Corporation. Mortgage Investors Group. JMAC Lending. Synergy One Lending. Angela Dunham.

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Insurance Lending Realty Finance 393

Eppraisal

NOVEMBER 28, 2023

Here’s what you need to qualify for a loan, plus the rundown on five financing choices. Mortgage lending is about trade-offs, so expect compromises when you make yourself a riskier borrower for lenders. However, you may not have to strictly follow this formula because of the various available financing options.

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Finance Government Insurance Property Taxes 69

Housing Wire

NOVEMBER 30, 2022

Among this impressive list of submissions, companies like 2022 TECH100 honoree Voxtur are working to improve the entire lending lifecycle. The company also made headlines in October for its decision to offer an Attorney Opinion Letter product for VA direct and VA-backed home loans as a compliant alternative to title insurance.

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Real Estate Insurance Technology Lending 317

Housing Wire

MAY 25, 2022

The Federal Housing Finance Agency (FHFA), which oversees the bulk of the mortgage market, now has a U.S. She previously was the supervision chief at the Federal Deposit Insurance Corporation. Treasury and the FHFA agreed to suspend GSE caps for higher-risk loans, and loans on investor and second homes.

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Finance Insurance Lending Investors 420

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”.

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Investors Brokerage Valuation Mortgage 409

Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Campbell is now something of a JV guru, having completed over 80 joint ventures with real estate or lending firms. Image was created using MidJourney. Why not create one entity to ensure a smoother process?

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Real Estate Insurance Brokerage Real Estate Agent 425

Housing Wire

AUGUST 26, 2021

This could not be farther from the truth given the importance of Ginnie Mae in the housing finance system. This program has been so successful, MBS investors call the securities Ginnie Mae MBS because the MBS has become homogenous among issuers. Ginnie Mae currently oversees guarantees totaling around $2.1

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Government Lending Investors Finance 402

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

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Modernization Mortgage Lending Investors 311

Housing Wire

JULY 27, 2021

Ginnie Mae ’s recent proposal to impose liquidity and risk-based capital requirements on their single-family issuers is the right approach for ensuring the long-term financial stability of this segment of the housing finance system. . If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

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Insurance Finance Government Mortgage 423

Housing Wire

MARCH 13, 2023

Its consumer deposits have an average account size of less than $200,000, compared to the standard insurance amount by the Federal Deposit Insurance Corporation of $250,000. billion in 2022, 8% higher than the previous year, according to Inside Mortgage Finance. According to the bank, no single sector in the U.S.

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Mortgage Marketing Insurance Real Estate 345

Housing Wire

APRIL 8, 2022

In June 2021, the Supreme Court of the United States ruled that President Joe Biden had the authority to oust the head of the Federal Housing Finance Agency (or FHFA), which oversees the government-sponsored enterprises (or GSEs) Fannie Mae and Freddie Mac. So far, it appears the Biden administration understands this. If the U.S.

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Government Lending Finance Housing Market 486

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. But Interfirst’s tech bend has undoubtedly attracted some sophisticated investors.

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Mortgage Investors Investing Technology 282

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. Milo also offers a tech-enabled non-crypto mortgage product that serves U.S. and foreign nationals who want to purchase a home in the U.S., or pursue refinancing.

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Mortgage Design Insurance Lending 400

Housing Wire

MARCH 3, 2022

. “Whether it is a natural disaster, a job loss, or an illness, forbearance is wildly effective,” John Lawrence, executive vice president of the Texas-based servicer Selene Finance , said last week during the Mortgage Bankers Association (MBA) Servicing Conference in Orlando. So, it may start to come down. As of December 31, 1.3%

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Insurance Finance Government Mortgage 352

Housing Wire

AUGUST 24, 2023

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. At that time, the company was valued by its investors at $7.7 For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. the prior day.

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Insurance Mortgage Realtors Business 363

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.

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Insurance Investors Design Finance 276

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.

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Lending Development Government Finance 422

Housing Wire

JULY 19, 2022

Although investors have poured an increasing amount of money into fintechs — $1.7 billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. But that scenario is a long way off. billion in 2021, up from $0.4

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Mortgage Finance Technology Legal 342

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Competition favors institutional investors and households with higher incomes and stellar credit. Committing non-bank lending institutions. of GDP in 2020.

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Insurance Construction Government Lending 366

Housing Wire

MARCH 23, 2023

The nation’s warehouse lenders are a lifeline of liquidity for the nonbank mortgage sector, providing IMBs with lines of credit and other financing that serve as key ingredients in the sausage-making of mortgage origination. Even a solid lending line, however, isn’t bulletproofed against a systemic industry shock.

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Lending Investing Insurance Mortgage 396

Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies.

Insurance 315

Insurance Mortgage Clients Lending 315

Housing Wire

SEPTEMBER 1, 2021

Finance of America Reverse. Senior Director of Strategic Finance. President of Residential Servicing and Correspondent Lending. Arch Mortgage Insurance Company. Director of Strategic Finance and Analytics. Aslan Home Lending. Finance of America Reverse. Finance of America Mortgage. Sourcepoint.

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Technology Human Resources Finance Retail 295

Housing Wire

FEBRUARY 27, 2024

In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods. Today, homeownership among Black Americans still lags significantly behind other demographics.

Real Estate 391

Real Estate Investors Business Lending 391

Housing Wire

NOVEMBER 28, 2022

The concern about nonbanks began following the Great Recession of 2008 and became exacerbated in the Obama administration as policymakers saw the rapid rise in market domination of the IMB (independent mortgage banker) and the similar de-emphasis of lending from the banking sector, especially in the Ginnie Mae programs.

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Lending Mortgage Insurance Investors 317

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Finance data. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. Investors were nonplussed.

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Mortgage Retail Finance Investors 361

Listing Spark

DECEMBER 15, 2022

Investing in owner financing can be a great way to build wealth and generate passive income. Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. How owner financing typically works.

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Finance Investing Real Estate Lending 36

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

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Law Legal Valuation Government 411

Housing Wire

MARCH 23, 2022

The wholesale lender is preparing to launch two non-qualified mortgage products this year, including bank statement and investor cash flow loans. In March, the lender announced a bank statement product for self-employed borrowers and loans for real estate investors. million. . .”

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Marketing Investors Real Estate Insurance 298