Remove 2013 Remove Legal Remove Lending Remove Marketing
article thumbnail

Trade groups express concern to FHFA over historic credit data

Housing Wire

Announced in February , the agency had originally planned to publish the dataset next year, but it chose instead to advance the timeline to third-quarter 2024 in order to “better support market participants with this transition” to a new bi-merge credit reporting requirement that is also being challenged by trade groups and lawmakers.

Legal 343
article thumbnail

Fix-and-flip lender Kiavi lays off 7% of employees

Housing Wire

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . Kiavi, founded in 2013 and led by CEO Michael Bourque, expanded to three states in June and now operates in 32 states and Washington, D.C. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PrimeLending taps Kim Dybvad to rebuild Mid-America division after poaching

Housing Wire

Dybvad, who joined the company in 2013 and is now a vice president, will be responsible for loan origination production in the Ohio, Indiana, Illinois, Michigan, Wisconsin and Kentucky markets.

Legal 288
article thumbnail

CFPB names familiar faces as its chief enforcers

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has appointed two veteran regulators to lead enforcement and supervision, the latest indication that Director Rohit Chopra will heavily prioritize fair lending and racial equity issues. a legal defense nonprofit. He also had a stint as director at the Center for Responsible Lending.

Lending 322
article thumbnail

Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. From 2007 through mid-2013, approximately 5.5 The mortgage lending industry exists to make home loans, not to repossess them. What’s really changed since 2013? million households lost their homes to foreclosure.

Legal 408
article thumbnail

OK to average adjusted comps on appraisals?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

article thumbnail

It’s official: QM rule compliance delayed until October 2022

Housing Wire

As the mortgage market navigates an uncertain and challenging time, extending the date by which lenders must comply with the CFPB’s new General QM definition will help provide options and flexibility for both lenders and borrowers.”. Presented by: Insellerate.

Finance 370