Housing Wire

AUGUST 3, 2022

South Carolina-based Movement Mortgage has hired two executives away from rival Fairway Independent Mortgage to boost the growth and development of its distributed retail sales team. The new hirings come amid a challenging landscape for mortgage companies due to surging rates and fears of a recession in the U.S.,

Development 382

Development Retail Mortgage Finance 382

Housing Wire

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. Builders are continuing to offer a variety of incentives.

Mortgage 374

Mortgage Supply Chain Housing Market Construction 374

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. FHFA was comfortable approving VantageScore 4.0 that use trended credit bureau data.

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Legal Mortgage Contracts Insurance 342

Housing Wire

OCTOBER 15, 2020

In 2013, Thuan Nguyen was working out of his chaotic office in the heart of Silicon Valley. The office was like a market,” Nguyen recalled. “It Get $75 off your initial membership with coupon code “intro75” The post This techie mortgage broker has cleared $1 billion in originations this year. They hustled, too.

Brokerage 404

Brokerage Mortgage Technology Development 404

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 339

Mortgage Loan Officers Retail Training 339

Housing Wire

JUNE 28, 2023

Founded in 2013 by Brew Johnson, Brett Crosby and Alex Perelman, Peer Street developed a marketplace connecting lenders and borrowers seeking capital to investors looking for real estate-related debt. Peer Street, which has a subsidiary mortgage lender and servicer, has originated only $5.4 million in its mortgage business.

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Investors Real Estate Mortgage Investing 395

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

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Insurance Mortgage Development Home Value 338

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

Mortgage 442

Mortgage Inventory Housing Market Construction 442

Housing Wire

SEPTEMBER 16, 2022

Another single-family rental (SFR) securitization deal sponsored by a large institutional player, Progress Residential , is slated to hit the private-label market this month, bringing the total securitization-deal count for Progress to seven so far this year. The securitization, IH 2013-SFR1, was collateralized by a single $479.1

Landlords 374

Landlords Marketing Development Investing 374

Housing Wire

DECEMBER 2, 2021

Fannie Mae is once again back in the credit-risk transfer market with a $984 million note offering through its Connecticut Avenue Securities real estate mortgage investment conduit, or REMIC. Fannie plans to bring one more CRT note offering to market this year. In October, the agency made a $1.2 In October, the agency made a $1.2

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Investors Finance Development Mortgage 339

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

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Development 310

Development Appraisal Property Appraisal Insurance 310

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 350

Real Estate Real Estate Agent Technology Investors 350

Housing Wire

MAY 9, 2022

a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021 , is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. The layoffs affect mainly mortgage consultants, specialists, and assistants, but it targets underwriting and closing professionals.

Human Resources 367

Human Resources Lending Retail Mortgage 367

Housing Wire

JANUARY 12, 2022

Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

Retail 381

Retail Loan Officers Best Value Business 381

Housing Wire

AUGUST 30, 2021

The DOJ alleged that between 2013 to 2017, the bank violated the Fair Housing Act and the Equal Credit Opportunity Act “by avoiding predominantly Black and Hispanic neighborhoods [in the Houston, metro area] because of the race, color and national origin of the people living in those neighborhoods.”. Specifically, Cadence will provide $4.17

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Lending Loan Officers Advertising Development 379

Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) “as soon as possible” will eliminate upfront fees for certain borrowers and affordable mortgage products, which is part of an ongoing review of Fannie Mae and Freddie Mac ’s guarantee fee pricing framework initiated in 2021. Presented by: FormFree. FHFA’s Division of Research and Statistics used 47.3

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Valuation Finance Appraisal Mortgage 341

Housing Wire

JANUARY 24, 2022

Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns. After the deal, HousingWire reported that Stearns’ retail operations was folded into Guaranteed Rate.

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Lending Retail Loan Officers Business 356

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. Then in 2018, they had a supply spike as mortgage rates reached 5%.

Construction 498

Construction Housing Market Inventory Marketing 498

Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development. But will borrowers continue to want to buy amid rising prices and mortgage rates? year-over-year jump.

Construction 527

Construction Buyers Development Contracts 527

Housing Wire

JANUARY 20, 2023

Last year was challenging for housing and mortgage markets. For the first time in many years, we experienced falling home prices, in part due to skyrocketing mortgage rates which almost doubled from around 3.5% DOE should delay its effective date, while it works with HUD to develop more balanced standards.

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Renovations Land Lease Investing Development 346

Housing Wire

MARCH 1, 2022

Fannie said in a press release on Monday that the creation of this role cements its commitment to enabling opportunities for minority and women-owned firms in capital markets and fostering an inclusive workplace. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

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Human Resources Government Finance Mortgage 331

Housing Wire

OCTOBER 21, 2020

Lone Star Funds ‘ residential mortgage lender Caliber Home Loans hopes to raise up to $538 million at its highly anticipated public debut next week, according to documents filed with the Securities and Exchanges Commission on Wednesday. ” Yet just a year ago – like many mortgage lenders – Caliber posted a net loss of $59.4

Retail 295

Retail Mortgage Business Technology 295

Housing Wire

DECEMBER 22, 2021

Utilities, telecommunications and rent payment data ought to be used in mortgage underwriting, especially since federal regulators say they are focused on improving racial equity and may update their credit scoring models. rental market, the report notes. trillion mortgage portfolio.

Landlords 390

Landlords Architecture Finance Mortgage 390

Housing Wire

APRIL 7, 2023

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. Reading headlines or, in this case, Tweet threads , rooted in the “demise of the market,” tend to create false pretenses that sway investment decisions, often when they shouldn’t. What does this sound like to you?

Retail 335

Retail Real Estate Clients Modernization 335

Housing Wire

JUNE 23, 2021

Musalem is chief executive officer, co-chief investment officer, and a founder of Evince Asset Management LP , a company developing portfolio technologies for investors and managing a quantitative global fund. In February , Freddie Mac, with an equity market capitalization around $7.2

Finance 235

Finance Investing Government Lending 235

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. Census Bureau and the Department of Housing and Urban Development. Over the years, I have tried to emphasize that the housing market in the U.S.

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance 278

Insurance Investors Design Finance 278

Appraisal Buzz

DECEMBER 6, 2021

According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013. With the current red hot housing market, demand for appraisers is outstripping the reduced supply, which is pushing up fees and pushing out appraisal completion times.

Appraisal 448

Appraisal Appraisal Process Valuation Technology 448

Housing Wire

OCTOBER 28, 2021

Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets.

Mortgage 346

Mortgage Contracts Insurance Realtors 346

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. Treasury in 2013. At least 137,000 of those borrowers have FHA-insured loans.

Insurance 326

Insurance Mortgage Development Valuation 326

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

Retail 294

Retail Business Agents Loan Officers 294

Housing Wire

APRIL 4, 2023

When prospective clients operate in highly regulated financial markets, enterprise sales don’t come easy. It wasn’t until 2014 – two years after his cloud banking platform launched – that Movement Mortgage took the leap and digitized its mortgage origination and underwriting process with Blend’s tech stack. “I

Clients 329

Clients Mortgage Business Technology 329

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 390

Insurance Finance Mortgage Sellers 390

Housing Wire

DECEMBER 10, 2020

Department of Housing and Urban Development. Marcia Fudge on being selected to be nominated as the Secretary of HUD,” said Robert Broeksmit, Mortgage Bankers Association president and CEO. the chairman of the House Transportation, Housing and Urban Development Appropriations subcommittee, joined in on congratulating Fudge.

Development 334

Development Transportation Insurance Housing Market 334

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. Many of us are in sellers’ markets with very low inventory.

Real Estate 335

Real Estate Open Houses Brokerage Real Estate Agent 335

Boston Appraisal

APRIL 5, 2021

However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market. When it comes to certain investment classes, this idea has been thoroughly debunked — but it largely holds true for certain areas in the real estate market.

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Real Estate Marketing Market Value Appraisal 78