2008 Clients Insurance Lending 
Housing Wire
JUNE 20, 2023
Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Prior to joining Truist, Smith led the mortgage lending, insurance and title businesses affiliated with Keller Williams.
Housing Wire
JANUARY 5, 2024
The Federal Reserve When your clients express concern about interest rates, they’re likely referring to the larger-scale changes with long-term effects that are tied to the Federal Reserve (“The Fed”) and its monetary policy. Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger.
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Housing Wire
JUNE 1, 2023
While the FHA loan allows a borrower to put less money down and doesn’t come with LLPAs, that flexibility comes with a high upfront and annual costs in the form of mortgage insurance premiums (MIP). We also find that FHA mortgages serve minority clients in a higher percentage than conventional mortgages for lower credit scores.
Housing Wire
MARCH 15, 2023
Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. It was the biggest bank failure since Washington Mutual collapsed in 2008. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said. ”
Housing Wire
NOVEMBER 10, 2022
“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” According to one source with knowledge of the jobs cut decision, the positions on the Maryland and Iowa WARN notices included home lending roles and some other businesses. Marginal reductions .
Housing Wire
OCTOBER 7, 2022
Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. Credit Suisse through its subsidiary DLJ Mortgage Capital Inc., Global headwinds.
Housing Wire
AUGUST 25, 2022
The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. The Detroit giant now offers closed-end home equity loans, solar panels installation, title insurance, real estate brokerage, auto loans and credit cards. ” Just a little less vanilla.
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