Housing Wire
APRIL 2, 2024
Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. There are a lot more as-is offers being made out there than I would ever see before. The lender originated $9.6
Housing Wire
SEPTEMBER 8, 2022
Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.
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Housing Wire
SEPTEMBER 23, 2020
United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. Both companies are reaping the rewards of near-zero interest rates and minuscule housing inventory. billion, the company said in a statement Wednesday morning.
Housing Wire
OCTOBER 12, 2020
Due to the loosey-goosey lending standards of the time, many of these delinquent loan holders had little to negative equity. Added to this, the cash-out boom from 2003-2006 meant that many households had little to no nested equity when the crisis hit. We just need to look back to 2008 when we had over 10 million delinquent loans.
Housing Wire
APRIL 18, 2023
Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Kim: One of NAF’s priorities is on lending to the Hispanic community.
Appraisal Today
MAY 10, 2024
VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. My comments: I find this post’s appraiser comments most interesting, especially those from VA appraisers who have been required to use the VA’s Tidewater Initiative, which started in 2003.
Housing Wire
DECEMBER 31, 2021
Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. The second-lowest LO turnover rate was in 2003, at 31%. Industry experts also predict that home inventory will increase in 2022, creating more options for borrowers.
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