Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S. Covid challenges.

Lending 402

Lending Mortgage Sellers Technology 402

Housing Wire

MARCH 10, 2022

Lakeview Loan Servicing , one of the nation’s largest issuers of Ginnie Mae securities, is making a play in the private-label securities market by sponsoring an offering backed by a pool of 2,192 Federal Housing Administration -guaranteed mortgages valued at $423.6 trillion in 2021 vs. approximately $400 billion in 2007.”.

Mortgage 284

Mortgage Insurance Government Investors 284

Housing Wire

NOVEMBER 17, 2022

This debate comes at a time when mortgage rates have doubled since the beginning of the year, from around 3.5% to around 7%, giving new urgency to the need to keep mortgage fees down on all federal agency mortgage programs — not just FHA but also VA , Fannie Mae and Freddie Mac. 1 way most regular Americans build wealth.

Mortgage 247

Mortgage Finance Design Insurance 247

Housing Wire

MARCH 23, 2023

Back in 2007 — after existing home sales got as low as we have seen in the recent data as the chart below shows — total active listings were above 4 million. This is a massive difference in inventory data and a plus for the homebuilders, which they didn’t enjoy in 2007. Census Bureau and the Department of Housing and Urban Development.

Inventory 531

Inventory Housing Market Construction Marketing 531

Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

Appraisal 399

Appraisal Law Valuation Home Value 399

Housing Wire

FEBRUARY 10, 2022

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

Development 328

Development Modernization Technology Mortgage 328

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The problem: They did not qualify for the loans.

Mortgage 374

Mortgage Marketing Finance Insurance 374

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Loan Officers 451

Loan Officers Lending Real Estate Brokerage 451

Housing Wire

MAY 30, 2024

Ironically, the technology he’s developed can be a benefit to real estate agents as well. SW: Why did you want to develop this platform? BR: This really came out of decades of being in the mortgage business. SW: You’re running Homepie and a mortgage business at the same time. And that’s what I did.

Real Estate Agent 347

Real Estate Agent Real Estate Sellers Agents 347

Housing Wire

FEBRUARY 14, 2022

Heidi brings deep expertise in areas across the legal spectrum, including in mortgage lending, servicing, credit access and regulatory matters, among others,” said Michael DeVito, CEO of Freddie Mac. “I Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3

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Legal Law Lending Development 330

Housing Wire

JULY 28, 2021

This is according to John Lunde, president of Reverse Market Insight (RMI) during a presentation at the National Reverse Mortgage Lenders Association (NRMLA) Virtual Summer Meeting this month. Reverse mortgage penetration remains stubbornly low. Nobody wants to see their market share go down,” Lunde says.

Business 293

Business Mortgage Clients Marketing 293

Housing Wire

MAY 3, 2023

The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. ” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities.

Real Estate Agent 370

Real Estate Agent Inventory Loan Officers Mortgage 370

Housing Wire

JANUARY 27, 2023

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. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 359

Lending Real Estate Agent Loan Officers Retail 359

Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. Industry experts believe mortgage rates will remain high compared to last year. However, at Mortgage News Daily , mortgage rates were higher, at 6.98%.

Mortgage 367

Mortgage Real Estate Investors Marketing 367

Housing Wire

MARCH 1, 2022

Anderson, who has had a variety of roles in housing for over two decades , was a senior business manager at Fannie Mae from 2003 to 2007. She also briefly worked at the Department of Housing and Urban Development as an attorney in the Office of General Counsel, from 2010 to 2011. Presented by: FundingShield.

Human Resources 329

Human Resources Government Finance Mortgage 329

Housing Wire

MAY 4, 2021

Caroline Reaves, CEO of property services provider Mortgage Contracting Services , announced her retirement on Tuesday after leading the company for 14 years. While Reaves will be departing from one position at the company’s helm, the mortgage veteran is set to transition to MCS’ board of directors as its chairwoman.

Contracts 236

Contracts Development Business Mortgage 236

Housing Wire

MAY 23, 2023

Census Bureau and the Department of Housing and Urban Development. Last year, sale levels were meager and once mortgage rates fell and the builders were buying down rates to get more homes sold, the data stabilized and moved higher slowly. percent (±11.8 percent)* above the revised March rate of 656,000 and is 11.8 percent (±15.1

Inventory 516

Inventory Housing Market Construction Marketing 516

Housing Wire

APRIL 2, 2021

The Mortgage Bankers Association expects this heightened pace to drop unemployment numbers to below 5% by the end of the year. “The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said.

Inventory 497

Inventory Construction Housing Market Business 497

Housing Wire

FEBRUARY 22, 2023

HW: Few people think about getting into the mortgage industry at a young age. In 2007 I was based in Sichuan Province, China, working on economic development research with a fellowship under an Oxford program. What was your introduction into the industry?

Finance 349

Finance Business Government Development 349

Housing Wire

SEPTEMBER 23, 2022

Last year, in a Housing Wire op-ed , Community Home Lenders of America took the lead nationally in opposing calls to extend the Community Reinvestment Act (CRA) to independent mortgage banks (IMBs). . Instead, there are more effective ways to increase mortgage lending to underserved and minority borrowers. And NCRC seems to agree.

Lending 309

Lending Mortgage Insurance Finance 309

Housing Wire

JUNE 27, 2023

In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. NAR total active listings data going back to 1982 : This explains why the builders and new homes are doing better than the existing home sales market, which deals with higher mortgage rates and low active listings.

Construction 480

Construction Inventory Marketing Buyers 480

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage. HW+ has been a major resource in getting my knowledge base to where it needs to be!

Real Estate 351

Real Estate Realtors Brokerage Business 351

Housing Wire

JULY 26, 2022

They also learned their lesson quickly in 2018 as mortgage rates at 5% were too high for construction growth.” ” Mortgage rates have risen, and the builders have many homes under construction, so they’re going to stall things until they know they can sell their homes. In response, they stalled construction for 30 months.

Construction 498

Construction Housing Market Inventory Marketing 498

Housing Wire

MAY 11, 2022

The position is part of the Department of Housing and Urban Development. According to her LinkedIn profile, Gordon had stints at the Center for Responsible Learning from 2007 to 2011, at the Federal Housing Finance Agency (FHFA) from 2011 to 2012, and at the Center for American Progress from 2012 to 2015.

Government 381

Government Finance Development Mortgage 381

Housing Wire

NOVEMBER 4, 2022

Several trade groups including the Mortgage Bankers Association have corresponded with the HUD Secretary in support of cuts. Approximately 345,000 homeowners remain on COVID-driven forbearance plans with their mortgage servicers. At least 137,000 of those borrowers have FHA-insured loans. billion draw on the U.S. Treasury in 2013.

Insurance 325

Insurance Mortgage Development Valuation 325

Housing Wire

NOVEMBER 13, 2020

The Federal Housing Administration ’s flagship Mutual Mortgage Insurance (MMI) Fund is in the best condition since before the financial crisis with a combined capital ratio for FY 2020 at 6.1% – only.3% 3% away from levels seen in 2007. MMI fund capital for the forward mortgage portfolio now stands at $77.8 It’s a good thing.

Insurance 310

Insurance Mortgage Development Marketing 310

Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions.

Renovations 397

Renovations Law Development Real Estate 397

Housing Wire

MARCH 17, 2022

As HUD considers mortgage insurance premium (MIP) changes in the aftermath of FHA’s record-breaking FY 2021 performance with $100 billion of capital reserves and a capital ratio of 8%, it is time to address the “elephant in the room.” bolding added]. The life-of-loan policy has always been at the heart of the debate about FHA premiums.

Insurance 389

Insurance Finance Mortgage Sellers 389

Housing Wire

OCTOBER 28, 2020

The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”. CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms.

Investors 314

Investors Buyers Investing Technology 314

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 349

Real Estate Real Estate Agent Technology Investors 349

Housing Wire

AUGUST 5, 2022

Once mortgage rates rise, the new home sales sector does get hit harder than the existing home sales market. This week I presented my six recession red flag model to the Committee For Economic Development of The Conference Board (CED) — the committee that created the leading economic index. We see this in the durable goods data.

Development 538

Development Housing Market Marketing Business 538

Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

Home Value 69

Home Value Valuation Mortgage Real Estate 69

Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. In March 2021, Fudge said that the agency had “no near-term plans” to change FHA’s mortgage insurance premium pricing. Since then, HUD has not adjusted the premiums.

Insurance 311

Insurance Development Housing Market Mortgage 311

Housing Wire

NOVEMBER 6, 2020

Government employment, however, fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the conclusion of the decennial U.S. Census count, and the continued job losses occurring in local education jobs.

Construction 337

Construction Housing Market Retail Business 337

Housing Wire

OCTOBER 13, 2020

In June 2007, Apple shook the world to its cellular core when it released the first-generation iPhone. Instead of having to wonder whether autopilot subservicing is getting the job done, we will develop a completely transparent relationship with you, centered around our SIME (Servicing Intelligence Made Easy) technology.

Clients 351

Clients Development Inventory Technology 351

Housing Wire

JANUARY 22, 2021

Time is a funny thing in the mortgage business, moving in cycles like the economy. In the mid 2000s Wall Street lenders such as Lehman , Bear and others initiated the massive intervention of the mortgage sector through the development of CDOs and other structures in the PLS market. With investors believing the U.S.

Government 511

Government Finance Investors Marketing 511

McKissock

SEPTEMBER 7, 2021

F) Rapid changes in residential mortgage interest rates. G) A common indicator of item (F) above is a decline in the number of mortgage applications. One source of information is Ann O’Rourke, who publishes mortgage application data in her weekly appraisal news email. in the past year.

Marketing 71

Marketing Real Estate Appraisal Inventory 71