Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

FEBRUARY 28, 2022

Interest rates were at or near historical lows, home prices showed strong appreciation and market participants set volume and profitability records. As part of the development process, Pennymac held focus sessions with key partners and took detailed feedback from a variety of users, including loan officers, processors and broker owners.

Technology 393

Technology Clients Business Investing 393

Housing Wire

NOVEMBER 1, 2023

Educate borrowers early and often Exotic lending products went mainstream in the early 2000s, leading, in part, to the 2008 financial crisis and the subsequent regulatory overhaul. In the run-up to 2008, many lenders emphasized low introductory mortgage rates and weren’t required to disclose the final terms until closing day.

Lending 407

Lending Loan Officers Development Mortgage 407

Housing Wire

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.

Technology 456

Technology Loan Officers Lending Business 456

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 389

Real Estate Agent Real Estate Project Management Agents 389

AmeriMac

SEPTEMBER 1, 2021

A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. However, they were not widely used until after the mortgage crisis in 2007 and 2008. It also created the demand for more AMCs, so the market increased with available options for lenders.

Appraisal 36

Appraisal Valuation Law Lending 36

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. The last two years have been good to Christian Dicker. The culling.

Housing Market 441

Housing Market Marketing Brokerage Real Estate 441

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender? baths, 9,470 sq.ft.,

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Like Fannie Mae, its primary mission is to help make the housing market more stable. Below, we cover more about Fannie Mae and Freddie Mac.

Government 36

Government Housing Market Mortgage Investors 36

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

NOVEMBER 5, 2020

When the talk was to get rid of mortgage brokers after the financial crisis, we testified on Capitol Hill, and when COVID first hit, we were first out of the gate because we didn’t want to see a repeat of what happened in 2008-2009. We have lobbied hard against the adverse market fee, which should just be called a consumer tax.

Mortgage 458

Mortgage Loan Officers Tools Training 458