Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. Right now, we have 200 different investors.”

Loan Officers 407

Loan Officers Mortgage Retail Lending 407

Housing Wire

APRIL 23, 2024

Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. Retirement investors are best protected by a uniform and protective framework.”

Investing 380

Investing Investors Design Government 380

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

Brokerage 393

Brokerage Real Estate Lending Mortgage 393

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. AFR offers agency, nonagency and government lending products. The financials of the deal were not disclosed.

Lending 377

Lending Renovations Construction Finance 377

Housing Wire

FEBRUARY 21, 2023

Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. “[Those assets] will continue to be sold or otherwise paid in full or liquidated in the ordinary course of business,” the company said in the filing.

Business 349

Business Lending Finance Real Estate 349

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This helps attract ongoing investment capital into the housing sector.

Technology 414

Technology Mortgage Investors Lending 414

Housing Wire

SEPTEMBER 29, 2020

They are specialists when it comes to buying and servicing government loans. Unlike most investors, TMS offers co-branding, so that even after you’ve sold them your loan, your brand will remain top-of-mind for customers. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire.

Lending 421

Lending Loan Officers Business Investors 421

Housing Wire

AUGUST 16, 2022

theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. 335), Trius Lending Partners (no. 335), Trius Lending Partners (no. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip.

Mortgage 370

Mortgage Lending Investors Brokerage 370

Housing Wire

JANUARY 9, 2024

CCM claims it is “the first mortgage lender to commit to issuing MBS exclusively based on FICO Score 10 T,” a step for investors at the $12 trillion MBS global market “to familiarize themselves with the new score and realize the promised performance improvement.”

Investors 430

Investors Mortgage Finance Government 430

Housing Wire

FEBRUARY 28, 2024

Tom Davis: The main issue with fall-out scenarios is that the government-sponsored enterprises ( GSEs ) have a tighter box with underwriting standards. Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. DSCR loans are always a popular option.

Mortgage 394

Mortgage Investors Real Estate Business 394

Housing Wire

SEPTEMBER 29, 2022

Non-QM loans aren’t government-backed and aren’t eligible for purchase by Freddie Mac or Fannie Mae. With inflation and rising rates, non-QM lending has spent the last few months in choppy waters, with some lenders closing their doors. Presented by: Acra Lending. How will non-QM perform for the rest of 2022?

Mortgage 369

Mortgage Lending Investors Government 369

Housing Wire

OCTOBER 2, 2020

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. Nonbanks are intermediaries that originate loans to the terms of the ultimate investor. These investors included the GSEs, the Ginnie Mae programs, larger bank portfolios, and Wall Street firms.

Government 521

Government Investors Lending Mortgage 521

Housing Wire

SEPTEMBER 11, 2020

The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president. The Jumbo MCAI measuring high-balance loans fell 8.9%, and the Conventional MCAI that measures loans not backed by the government fell 8.7%.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

DECEMBER 13, 2023

Amherst Chairman and CEO Sean Dobson said the shrinking margins in the agency MBS sector are a byproduct of an over-supply of paper and a greatly reduced investor balance sheets for absorbing the debt. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

Mortgage 380

Mortgage Marketing Investors Lending 380

Housing Wire

JULY 19, 2023

She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts. In the wholesale channel, the Ohio lender is predominantly construction-oriented — filling the niche with mortgage brokers who are trying to provide construction lending solutions.

Mortgage 368

Mortgage Marketing Retail Construction 368

Housing Wire

APRIL 5, 2024

As ever, redlining — the intentional, systematic effort by American banks and government to refuse mortgages to African Americans and segregate U.S. racial, religious, or gender minority) at a greater rate, that policy may constitute lending discrimination. cities — looms in the background. But the results tell a different story.

Mortgage 379

Mortgage Lending Buyers Property Management 379

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 366

Mortgage Retail Loan Officers Lending 366

Housing Wire

JULY 14, 2022

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. The problem is we’re not backed by the government sponsored enterprises (GSEs). ” Kiavi has more than 300 employees, according to the firm’s website. “We

Human Resources 391

Human Resources Construction Legal Investors 391

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.

Mortgage 414

Mortgage Clients Lending Investors 414

Housing Wire

OCTOBER 16, 2023

At a time when you desperately need stability, your own government is sowing the seeds of profound instability. The MBA, alongside several other trade groups, sent a letter to lawmakers and monetary policymakers that the government can do much more to help the housing industry while still fighting inflation. And we’re playing offense.”

Government 405

Government Mortgage Lending Finance 405

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!

Lending 148

Lending Construction Tenants Real Estate 148

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.

Lending 355

Lending Technology Real Estate Government 355

Housing Wire

JULY 5, 2023

Homepoint was forced to repurchase 10 separate loans that didn’t conform to the GSE guidelines for delinquencies and misrepresentations from secondary market investors including Fannie Mae and Freddie Mac , according to suits filed between January and June 2023 in the U.S. District Court for the Eastern District of Michigan.

Lending 368

Lending Mortgage Investors Finance 368

Housing Wire

NOVEMBER 10, 2022

.” Angel Oak’s companies specialize in non-qualified mortgage (non-QM) loans, which aren’t government-backed and ineligible for purchase by Freddie Mac or Fannie Mae. As rates rise, lenders are struggling to sell in the secondary market as investors are seeking higher yields.

Retail 302

Retail Loan Officers Investors Lending 302

Housing Wire

MAY 26, 2021

Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex- Wells Fargo mortgage executive Michael DeVito to assume the role of CEO. DeVito was head of home lending at Wells Fargo at the time he stepped down from the depository bank. Presented by: Acra Lending. “I

Lending 476

Lending Government Mortgage Investors 476

Housing Wire

OCTOBER 23, 2020

Guild agreed to settle the federal lawsuit, brought by the Department of Justice , for just under $25 million, the government said Thursday. We also commend the whistleblower for coming forward, exposing these wrongs, and working with the government investigative team.”. It did not admit to any wrongdoing. Instead, Guild sold just 6.5

Mortgage 483

Mortgage Government Retail Lending 483

Housing Wire

JULY 17, 2023

Mozilo avoided working with subprime loans until the late 1990s, when after noticing that his firm was losing business to competitors, Countywide embraced the type of subprime mortgage lending that eventually led to the housing crisis in 2008. And they did it at a massive scale.

Lending 369

Lending Mortgage Business Government 369

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. Developers, lenders or local governments could compete for the funds through an application process.

Renovations 502

Renovations Development Investors Legal 502

Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency secondary market ( Ginnie Mae , Fannie Mae , Freddie Mac ).

Lending 476

Lending Development Government Finance 476

Housing Wire

OCTOBER 27, 2021

Non-QM product knowledge has continuously grown nationwide with not only those in the lending community but with borrowers alike. As non-QM lending increases in popularity, it’s a great opportunity for brokers to jump in and grow their business by offering a wider selection of loan products. Know your products.

Lending 361

Lending Housing Market Investors Government 361

Housing Wire

FEBRUARY 2, 2024

The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. Commissions, however, are to be disbursed within a “reasonable timeframe following the expiration of the investor recapture period published on the Company’s intranet,“ the letter read.

Loan Officers 400

Loan Officers Human Resources Law Mortgage 400

Housing Wire

MARCH 20, 2024

As with investors strengthening their bets of an initial rate cut in June, that same sentiment is shared among housing pros. “I The “higher for longer“ theory has been echoed by Fannie Mae as the government-sponsored enterprise now expects mortgage rates to end the year at 6.4% , higher than its previously projected figure of 5.9%.

Mortgage 427

Mortgage Government Lending Investors 427

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.

Law 414

Law Legal Valuation Government 414

Housing Wire

SEPTEMBER 24, 2021

The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams. Ocrolus has onboarded over 75 corporate team members in 2021 and plans to hire even faster in 2022.

Technology 315

Technology Valuation Lending Investors 315

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.

Mortgage 381

Mortgage Loan Officers Government Buyers 381

Housing Wire

MARCH 23, 2023

Mortgage industry experts believe the current turbulence has potential to hit the jumbo space harder, mainly due to a reduced investor appetite in the secondary market and banks’ tightened financial conditions for borrowers. The bank crisis has also reduced the spread between conforming and jumbo loan rates.

Mortgage 423

Mortgage Government Investors Marketing 423

Housing Wire

DECEMBER 11, 2020

LendingHome , which focuses on lending to real estate investors, named Michael Bourque as CEO after he served as LendingHome’s chief operating officer and chief financial officer since joining the company in August 2018.

Lending 366

Lending Legal Clients Development 366