Housing Wire

MARCH 12, 2024

federal government. Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 HUD is requesting $2.5 billion is for HECM.”

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Mortgage Insurance Training Government 326

Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. We’re seeing mortgage executives and workers retiring at record rates.

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Lending Mortgage Technology Modernization 270

Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

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Valuation Appraisal Government Real Estate 356

Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Tools Valuation Inspection Investors 362

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Top recommended AI application ideas included compliance, underwriting and property valuation.

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Technology Lending Valuation Mortgage 345

Appraisal Buzz

MAY 13, 2024

PERSON OF THE WEEK: AI is new for the mortgage industry – and every other industry for that matter – but while lenders and developers are trying to find new applications for AI, regulators are taking a more jaundice view of this new technology and trying to rein in AI usage with compliance guardrails.

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Lending Law Technology Development 195

Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” I think not many people understand how this byzantine system works,” Chopra said. housing market in the future.

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Appraisal Valuation Government Appraisal Process 353

Housing Wire

JUNE 15, 2021

Understanding the market value of collateral is a key fundamental component of safe and sound lending. As recent news stories surfaced, they have triggered discussions and calls for research and actions at all levels of government as citizens and industry express concerns about bias, discrimination and unfairness.

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Appraisal Valuation Law Lending 393

Housing Wire

NOVEMBER 29, 2022

Mortgage fairness for Black and Native Americans is no better today than it was 30 years ago, according to a new mortgage fairness report. The report, issued by “fairness-as-a-service” solution firm FairPlay AI , was based on a study of more than 350 million mortgage applications from 1990 to 2021. in 2021 from 1990.

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Lending Government Mortgage Valuation 346

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. 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.”.

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Law Legal Valuation Government 411

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Marketing Mortgage Investors Sellers 363

Housing Wire

AUGUST 18, 2022

Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. Government loans and conforming loans held for sale would have a 20% risk weight. Excess mortgage servicing rights would be excluded from the net worth calculation. government.

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Government Mortgage Business Valuation 381

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. How Freddie Mac is addressing affordable housing challenges.

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Finance Valuation Insurance Lending 441

Housing Wire

MARCH 16, 2022

Cyberattacks are on the rise in recent weeks, as sanctions on Russia push its economy to the breaking point , and mortgage lenders may have unique vulnerabilities. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. government.”.

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Mortgage Marketing Lending Loan Officers 360

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

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Technology Mortgage Investors Investing 440

Housing Wire

MARCH 13, 2023

The lawsuit alleges that an appraiser with 20/20 Valuations lowered the valuation of a home because the owners, Nathan Connolly and Shani Motta, were Black — and were also denied the owners’ mortgage refinancing application with loanDepot based on the lower appraisal, which violated the FHA and ECOA. Lanham, et al.

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Appraisal Valuation Law Loan Officers 338

Housing Wire

FEBRUARY 8, 2024

New York-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of the company’s strategy to retain borrowers from its servicing portfolio when interest rates drop. “He Meanwhile, the 30-year fixed mortgage rate was 6.9%

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Business Investing Real Estate Advertising 310

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. It just seemed so awesome working at a company that just came public.”

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Mortgage Lending Business Technology 358

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals.

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Technology Appraisal Lending Valuation 333

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

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Mortgage Lending Investors Clients 228

Housing Wire

NOVEMBER 3, 2020

The mortgage industry is no stranger to disruption since the onset of the COVID-19 pandemic. Amid evolving market conditions, today’s mortgage lenders continue to seek new and innovative ways to leverage advanced automation—the great accelerator. Support strategic decisions with risk management and MSR valuation solutions.

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Valuation Tools Clients Mortgage 354

Housing Wire

APRIL 21, 2021

The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021. ” “Throughout the COVID-19 pandemic, FHFA has actively monitored the pandemic’s impact on mortgage market participants’ use of the temporary selling policies,” the FHFA said in a release.

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Real Estate Agent Valuation Appraisal Modernization 392

Housing Wire

JUNE 14, 2022

According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models. Using its automated valuation models “leads to relatively lower racial gaps,” Freddie Mac said. Other stakeholders wonder how cost reductions would impact them.

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Appraisal Valuation Inspection Law 293

Housing Wire

NOVEMBER 5, 2021

Underwriters rely on appraisal and valuation professionals. And servicers and investors depend on originators to produce high-quality mortgage loans and securities. Break Out: The Future of Valuations. The biggest missed opportunity in mortgage lending. Real estate agents partner with lenders.

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Real Estate Valuation Real Estate Agent Development 286

Housing Wire

SEPTEMBER 1, 2021

As the mortgage industry moves further into the digital era, lenders are continuing to see the value and ease of cloud-based lending to simplify outdated processes. Mayopoulos will sit down with HousingWire CEO Clayton Collins to discuss the digital mortgage landscape and the innovations that will define the next year of originations.

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Valuation Technology Real Estate Government 314

Appraisal Buzz

DECEMBER 20, 2021

December 16, 2021 — Deephaven Mortgage today announced an alliance with Incenter Appraisal Management to give Non-Agency/Non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans. However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending.

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Appraisal Mortgage Technology Appraisal Process 195

Housing Wire

DECEMBER 31, 2021

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

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Marketing Law Government Mortgage 415

Housing Wire

AUGUST 6, 2021

A prime example is our nation’s presently booming housing market, with decades of data showing that African Americans and other minority groups have not received the same treatment as Caucasians when seeking mortgages or having their homes appraised. After all, a home is often a person’s largest asset and source of long-term wealth.

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Realtors Real Estate Valuation Appraisal 464

Housing Wire

APRIL 3, 2023

For independent mortgage banks [IMBs], the uncertainty of the direction the banking calamity will take and its impact on the housing-finance market remains an open question. Federal Reserve lending to banks through its discount window and the new Bank Term Lending Program created in the wake of SVB ’s failure stood at a combined $152.6

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Lending Mortgage Business Contracts 321

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. How hybrid title and valuations help increase lending efficiency. Streamline by combining services. Presented by: Altisource.

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Renovations Development Investors Legal 502

Clear Capital

JUNE 28, 2022

Reno, NV — June 28, 2022 — Clear Capital , a national real estate valuation technology company, today announced the launch of two Application Programming Interfaces (APIs), Property Valuation API and Risk Assessment API.

Valuation 69

Valuation Modernization Real Estate Investors 69

Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. Leveraging our own real estate data and analytics to amplify our broker- and appraisal-based valuation services, Clear Capital delivers highly-accurate information with rapid turn-times and a robust quality control process,” said Kenon Chen, EVP of corporate strategy.

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Valuation Technology Development Real Estate 229

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 324

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). Government and conforming loans held for sale would have a 20% risk weight. Obviously, it’s been delayed.

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Marketing Lending Mortgage Valuation 355

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.

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Technology Valuation Lending Investors 273

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Under this framework, mortgage investors like the GSEs would secure valuable data to inform their critical risk models that keep our housing ecosystem safeguarded.

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Appraisal Valuation Real Estate Modernization 314

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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Insurance Modernization Lending Mortgage 334