Housing Wire

APRIL 20, 2022

from 2012 to 2021. The GAO’s report said that from 2012 to 2021, 91 loans were originated in Hawaii using the program. In the entire country, 180 loan originations resulted from the program from 2012 to 2021. How Mortgage as a Service Levels the Playing Field for Minority and First-Time Homeowners.

Government 522

Government Lending Development Legal 522

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question of feast or famine. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM.

Mortgage 354

Mortgage Investors Business Lending 354

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. division, to Summit.

Retail 367

Retail Development Finance Lending 367

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. This USDA program, however, is in serious trouble.

Tenants 467

Tenants Finance Construction Government 467

Housing Wire

MAY 18, 2024

However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen. Compare this level to 2008-2012 when this data line ran between 250,000 and 400,000 per week: clearly we aren’t seeing any considerable national-scale stress in this data line.

New Listings 432

New Listings Inventory Mortgage Contracts 432

Housing Wire

DECEMBER 16, 2021

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.). Earlier this year, HUD Sec.

Mortgage 381

Mortgage Insurance Renovations Tools 381

Housing Wire

MAY 4, 2021

Department of Housing and Urban Development (HUD) charged a now-defunct California business for allegedly targeting Hispanic homeowners with illegal and discriminatory mortgage modification services. owned the mortgage modification business. ” This constituted a violation of the Fair Housing Act, the agency said.

Mortgage 263

Mortgage Advertising Real Estate Clients 263

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. Since 2012, the average rate has been 7.7%.

Lending 328

Lending Development Investors Finance 328

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 386

Architecture Real Estate Agent Loan Officers Real Estate 386

Housing Wire

OCTOBER 6, 2021

Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Prospective borrowers have persistent misperceptions about what is needed to qualify for a mortgage, which can create a barrier for first-time homebuyers.

Finance 471

Finance Mortgage Development 471

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. With mortgage interest rates steadily on the rise and refinance volume dropping, originators should immediately consider tapping into products that are less interest rate sensitive.

Mortgage 351

Mortgage Clients Business Training 351

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Nunnink joined Freddie Mac in 2012 in production and sales where she led the development of several of Freddie Mac Multifamily’s more innovative offerings.

Investors 523

Investors Development Legal Business 523

Housing Wire

NOVEMBER 18, 2020

The homeownership rate in Texas rose to an all-time high of 70% in the third quarter, exceeding the national metric for the first time since 2012, according to a report from the Texas A&M Real Estate Center. The report said that thanks to record low mortgage rates , new home transactions increased over 8%. According to the U.S.

Inventory 403

Inventory Real Estate Construction Development 403

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

OCTOBER 19, 2022

As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% Department of Housing and Urban Development. from August , to a seasonally adjusted annual rate of 1.564 million, according to a report released Wednesday by U.S. month over month and 25.5%

Construction 399

Construction Development Housing Market Brokerage 399

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The workforce reduction is also focused on mortgage loan production. The lender is scheduled to lay off 26 processors, 20 originators, and 15 mortgage account executives in junior and specialist job positions. The company is also laying off four people with the title of vice-president.

Human Resources 347

Human Resources Loan Officers Retail Training 347

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 314

Technology Real Estate Agent Loan Officers Lending 314

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

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Taken by Felix Mizioznikov. We need to build above 1.1

Construction 363

Construction Development Finance Mortgage 363

Housing Wire

JUNE 24, 2021

The Biden administration has nominated Julia Gordon to serve as federal housing commissioner at the Department of Housing and Urban Development. Gordon is an expert in federal policy related to homeownership, community development and the nation’s housing finance system. There is no person in the U.S.

Finance 394

Finance Modernization Development Insurance 394

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Nunnink joined Freddie Mac in 2012 in production and sales where she led the development of several of Freddie Mac Multifamily’s more innovative offerings.

Investors 357

Investors Development Legal Business 357

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. million housing units due to a severe lack of supply produced between 2012 and 2019. million and 7.3

Construction 427

Construction Supply Chain Inventory Housing Market 427

Housing Wire

JANUARY 25, 2021

Real estate services and technology firm SitusAMC on Monday announced its acquisition of mortgage and title outsourcer Assimilate Solutions – the second acquisition by the New York-based firm in January, and its fourth overall in less than a year. Terms of the deal were not disclosed. 2021 by Ncontracts to name a few.

Technology 257

Technology Clients Real Estate Mortgage 257

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. Imagine if mortgage rates didn’t rise this year. The only thing that can cool this down is higher mortgage rates, which has started already.

Housing Market 447

Housing Market Marketing Inventory Investors 447

Housing Wire

DECEMBER 7, 2020

Cooper , the nation’s largest nonbank servicer of mortgage loans, will refund customers nearly $90 million and pay a civil penalty of more than $6.5 2012 and Jan. We are holding Nationstar accountable for harming homeowners by improperly servicing their mortgage loans,” said Delaware Attorney General Kathy Jennings.

Law 534

Law Insurance Mortgage Investing 534

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

Loan Officers 440

Loan Officers Lending Mortgage Housing Market 440

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans.

Investing 485

Investing Loan Officers Technology Development 485

Housing Wire

JANUARY 9, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. . The shift to a buyer’s market is driven primarily by rising mortgage rates.

Retail 421

Retail Sellers Buyers Market Value 421

Housing Wire

AUGUST 14, 2020

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank.

Lending 258

Lending Retail Development Realty 258

Housing Wire

AUGUST 21, 2020

That belief, however, assumes that one does not understand the two main drivers of housing: demographics and mortgage rates. As it happens, these fabulous demographics are accompanied by the lowest mortgage rates ever recorded in history. All that other stuff, my friends, is just stamp collecting.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

AUGUST 7, 2023

Technology hasn’t been the barrier since 1998 when Equifax, and later other firms, developed systems to secure complex, multi-party transactions over the Internet. It entered real estate in 2012 after buying DebtMarket, an exchange for distressed home debt.

Real Estate 322

Real Estate Supply Chain Architecture Brokerage 322

Housing Wire

JULY 28, 2022

HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace? As a CTO, I have to smile when some lending executives mention that the costs of technology in the mortgage industry are high. No wonder residential mortgage lending has wild swings in profitability!

Technology 314

Technology Business Lending Training 314

Housing Wire

FEBRUARY 28, 2021

To be successful, lenders have to rely on mortgage lead generation to find potential borrowers. Some mortgage professionals are generating leads that are only being paired based on cost-per-lead budget instead of how well they fit into mortgage overlays. Steven Better, COO & Co-Founder. Joey Barrow, Chief Knowledge Officer.

Lending 300

Lending Mortgage Business Development 300

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. By 2012, FHA’s capital ratio had cratered into negative territory, -1.4%, requiring a $1.7

Insurance 325

Insurance Mortgage Development Valuation 325

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

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S.

Insurance 381

Insurance Investors Technology Real Estate Agent 381