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VRM takes a tailored approach to servicing and lending challenges amid uncertainty

Housing Wire

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. We are a solution provider,” said Keith Murray, president and CEO of VRM.

Lending 291
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Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

Housing Wire

Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Following a pattern eerily similar to the U.S. In the U.S.,

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How to maintain loan quality in a rapidly changing market

Housing Wire

The housing industry is much more regulated in a post housing crisis era, and ARMs may not be utilized as they were pre-2008. There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. That could help increase the number of potential borrowers and more lending.

Marketing 312
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Why home-price growth is still up 18% year over year

Housing Wire

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Nor can we ever have a credit sales boom again with lending standards back to normal.

Inventory 383
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Interfirst Mortgage to lay off nearly 50 LOs

Housing Wire

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively.

Mortgage 364
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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. ” Just a little less vanilla. and Sprout Mortgage.

Mortgage 391
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How JVM Lending plans to expand without any loan originators

Housing Wire

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 372