Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Retail 351

Retail Lending Renovations Construction 351

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. Their innovative solution supports our commitment to streamlining the lending process for our partners.”

Lending 321

Lending Mortgage Technology Construction 321

Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. The retail channel’s market share slipped to 54.9%

Lending 340

Lending Realtors Retail Mortgage 340

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I Wells Fargo’s correspondent lending business was already in a freefall.

Lending 495

Lending Business Finance Mortgage 495

Housing Wire

DECEMBER 8, 2022

Lending standards loosened in November for the first time in nine months as mortgage rates remaining elevated and the housing market slowed further, the Mortgage Bankers Association (MBA) said on Thursday. While mortgage rates are expected to drop lower in 2023, the forecast for the housing market is expected to get gloomier next year.

Housing Market 348

Housing Market Lending Mortgage Marketing 348

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending.

Lending 310

Lending Mortgage Training Business 310

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

Lending 339

Lending Renovations Legal Real Estate 339

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 366

Lending Technology Loan Officers Clients 366

Housing Wire

JANUARY 23, 2023

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. The technology is designed to automate and streamline the underwriting and application processes, per the statement.

Lending 350

Lending Mortgage Technology Design 350

Housing Wire

NOVEMBER 16, 2023

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners. We actually do well in any kind of market,” Gagliano said in an interview in September. So it’s really the same story, just different markets,” Gagliano said.

Technology 365

Technology Lending Development Mortgage 365

Housing Wire

AUGUST 15, 2022

In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo , the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. The post Wells Fargo to shutter correspondent lending?

Lending 369

Lending Business Finance Retail 369

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 357

Lending Tools Inventory Renovations 357

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021. last year.

Technology 308

Technology Lending Housing Market Investors 308

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Market research backs that up. Mortgage lending is facing the same disproportionate dilemma that technology, in many ways, can make worse.

Lending 293

Lending Marketing Technology Contracts 293

Housing Wire

SEPTEMBER 21, 2022

Martin, Firth Third’s group head of mortgage warehouse finance, along with a team of warehouse lending professionals, will be based in Dallas. Warehouse lending offers short-term financing to mortgage bankers that provides interim liquidity until loans are sold or securitized in the secondary market.

Lending 373

Lending Business Finance Clients 373

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We Nations Lending originated $3.43

Lending 312

Lending Realtors Real Estate Agent Mortgage 312

Housing Wire

AUGUST 1, 2023

This is according to an annual report of the multifamily lending market compiled and released by the Mortgage Bankers Association (MBA). The association characterized the market as generally healthy, despite challenges that faced lending industries broadly last year.

Lending 271

Lending Government Real Estate Mortgage 271

Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. The short (and long) answer is no, not a chance.

Lending 477

Lending Mortgage Business Inventory 477

Housing Wire

MAY 7, 2024

Carrington Mortgage Services (CMS) hired Steven Winokur to serve as vice president of marketing for third-party originations (TPO), the company announced Tuesday. It is licensed to lend in 48 states. Department of Agriculture ( USDA ) programs. Headquartered in California, the company services loans in all 50 states and Puerto Rico.

Marketing 310

Marketing Retail Lending Investing 310

Appraisal Buzz

MARCH 29, 2024

Andy Insua has joined Planet Home Lending as regional sales manager for the Southeast. Planet Home Lending is part of a fully integrated family of companies with a solid financial foundation, innovative products, and exceptional leadership,” Insua says in a release.

Lending 195

Lending Retail Finance Clients 195

Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. housing market. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire. Such a scenario illustrates the growing disparities in the U.S.

Lending 545

Lending Mortgage Insurance Housing Market 545

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. I thought it was sparse.

Lending 359

Lending Real Estate Agent Loan Officers Retail 359

Housing Wire

AUGUST 10, 2022

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.

Lending 384

Lending Human Resources Mortgage Loan Officers 384

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

Lending 435

Lending Mortgage Inventory Business 435

Housing Wire

OCTOBER 12, 2022

Homepoint declined to comment on the credit line terminations, but has been open about shrinking its footprint as the mortgage market contracts from about $4 trillion to roughly $1.6 In response to the current market headwinds, Michigan-based lender Homepoint shrunk its employee headcount dramatically. trillion this year and $1.3

Lending 347

Lending Contracts Finance Mortgage 347

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending 355

Lending Advertising Mortgage Law 355

Appraisal Buzz

MAY 1, 2024

Non-QM lender American Heritage Lending (AHL) is now using the OptifiNow TPO CRM system to improve its sales and marketing capabilities. The move to the new system comes as demand for non-QM loans is growing, enabling AHL to capture a growing share of the market.

Lending 195

Lending Loan Officers Technology Marketing 195

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 388

Lending Mortgage Government Finance 388

Housing Wire

NOVEMBER 15, 2022

Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. A decline in the index, benchmarked to 100 in March 2012, is an indicator that lending standards are tightening, while an increase suggests loosening credit standards.

Lending 421

Lending Government Mortgage Housing Market 421

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. Presented by: Sutherland.

Lending 429

Lending Loan Officers Mortgage Government 429

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

Lending 304

Lending Business Government Design 304

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Last year, Homepoint shut down operations, while Wells Fargo closed its correspondent lending business.

Mortgage 427

Mortgage Marketing Retail Lending 427

Housing Wire

MARCH 11, 2022

Unfortunately for lenders, these are never anything more than predictions as only time will tell how the markets will play out. With the increasing regulatory focus on expanding affordable lending programs, mortgage lenders need to have a plan to serve the underserved. Finding the ‘why’. Where the rubber meets the roadblock.

Lending 311

Lending Mortgage Contracts Finance 311

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. The new product is in the near-final stages of production and will be available in-market by the end of June 2023.

Lending 291

Lending Loan Officers Mortgage Investors 291

Housing Wire

JANUARY 5, 2021

Guaranteed Rate said it expects the deal to strengthen its capital markets execution and produce synergies that will allow for additional profitability. The post Guaranteed Rate to acquire Stearns Lending appeared first on HousingWire. The Chicago-based lender had two loan originators eclipse $1 billion in originations in 2020.

Lending 536

Lending Retail Real Estate Agent Brokerage 536

Housing Wire

SEPTEMBER 15, 2020

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 The housing market has boomed because of the low interest rates created by a Federal Reserve program to buy mortgage bonds. The dollar-volume record will be boosted by $2.4 The annual average U.S.

Lending 545

Lending Mortgage Realtors Housing Market 545

Housing Wire

JANUARY 24, 2022

Stearns Lending will lay off 348 workers following the decision by Guaranteed Rate earlier this month to discontinue operations of its third-party wholesale channel. The post Stearns Lending to lay off 348 workers appeared first on HousingWire. HousingWire sent a message seeking comment to Guaranteed Rate, which was not returned.

Lending 355

Lending Retail Loan Officers Business 355