Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

Lending 408

Lending Contracts Investors Technology 408

Housing Wire

DECEMBER 14, 2022

In his new position, Ralston will lead the mortgage banking division’s strategies and oversee origination and servicing operations of the wholesale, non-delegated and delegated correspondent channels, and warehouse lending. Prior to this role, Ralston served as the senior vice president of mortgage banking at NexBank since 2013.

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Lending Business Mortgage Finance 382

Housing Wire

JANUARY 25, 2024

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president. He left Rocket in the beginning of 2019.

Retail 396

Retail Lending Loan Officers Brokerage 396

Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

Mortgage 378

Mortgage Government Lending Marketing 378

Housing Wire

AUGUST 8, 2023

Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. last month.

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Mortgage Government Lending 318

Housing Wire

MARCH 6, 2024

The rising demand seen by Connecticut’s program lends further credence to such findings, according to the report. The program has been in place since 2013, but the demographic trends in the state reflect those of the country at large, which has helped to increase demand for the program.

Design 388

Design Law Lending 388

Housing Wire

JULY 11, 2023

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. percent – the second straight monthly decrease – as liquidity conditions have been tightening for jumbo lending,” added Kan. last month. and the Conforming MCAI rose by 0.2%.

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Mortgage Government Lending 260

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton.

Mortgage 319

Mortgage Technology Lending Modernization 319

Housing Wire

DECEMBER 10, 2020

The country was in the middle of the financial crisis, as the consequences of the deceptive mortgage lending practices from all the years prior came crashing down. This unconventional monetary policy is designed to encourage lending and investment, adding money back into the economy and lowering interest rates.

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Marketing Lending Design Government 432

Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. 1, 2022 and opened up a comment period.

Mortgage 418

Mortgage Insurance Lending Marketing 418

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.”. We are pleased with our results today.”.

Lending 394

Lending Loan Officers Advertising Development 394

Housing Wire

MAY 9, 2022

The list includes top executives, such as lending directors and vice presidents for credit and underwriting. Stearns, founded in 1989, had a sizable partnership business, led by Steve Stein, a more limited retail operation, and a wholesale channel that was the largest in the industry as recently as 2013 but has lost market share to UWM.

Human Resources 389

Human Resources Lending Retail Mortgage 389

Housing Wire

FEBRUARY 14, 2023

Tyrrell joined Ellie Mae in 2002, where he was promoted to executive vice president in 2013 from chief operating officer and senior vice president. ICE acquired Ellie Mae in 2020 from Thomas Bravo for $11 billion. “In The firm expects the business model that focuses on recurring revenue will help grow the business by 8-10% per year.

Technology 372

Technology Mortgage Lending Business 372

Housing Wire

OCTOBER 5, 2023

That is the ultimate lever — it is really the only lever that the mortgage lending community has. I worked for a mortgage company from 2007 until 2013 — that’s where I learned the industry. Then I started a mortgage company in 2013 that went on until 2019. SW: So did you start Polly because of what you saw as a lender?

Technology 379

Technology Lending Mortgage Business 379

Housing Wire

OCTOBER 29, 2021

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. He also had a stint as director at the Center for Responsible Lending. a legal defense nonprofit.

Lending 351

Lending Law Legal Mortgage 351

Housing Wire

FEBRUARY 6, 2023

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. Home lender PrimeLending has promoted Kim Dybvad to lead its Mid-America division, months after the workforce quit en masse and joined a competitor.

Legal 318

Legal Mortgage Lending Buyers 318

Housing Wire

JULY 14, 2022

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. Kiavi, which rebranded from Lending Home in November, ranked as the top short-term lender in the fix-and-flip space in 2021, with $2.7 Employees will be terminated on Friday, July 15.

Human Resources 390

Human Resources Construction Legal Investors 390

Housing Wire

OCTOBER 11, 2022

In light of this, HousingWire recently caught up with Teraverde’s Rob Peterson to learn more about what lenders need to succeed in today’s lending environment. A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit. “As

Lending 373

Lending Home Value Mortgage Government 373

Housing Wire

MAY 10, 2021

In 2013, George Ralph Elliott applied to refinance his Ohio home ahead of a separation from his fourth wife, claiming both his monthly rental income and the spousal support he would soon receive. That same year, he sued his lender for violating the Truth in Lending Act. By early 2017, Elliott defaulted on his mortgage.

Real Estate Agent 410

Real Estate Agent Law Realtors Lending 410

Housing Wire

JUNE 2, 2021

At the time, Volly cited the union as a means for the company’s lending clients to utilize Home Captain’s concierge and technology offering throughout the homebuying and mortgage origination process.

Mortgage 364

Mortgage Real Estate Technology Clients 364

Housing Wire

JUNE 28, 2022

After a slowdown in lending due to the pandemic, fix-and-flip lenders came roaring back in 2021, boosting originations by more than 73% year over year, to $18.5 Since it was launched in 2013, Kiavi has funded more than $10 billion in loans to real estate investors, according to the company. billion, according to IMF.

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Investors Real Estate Finance Lending 302

Housing Wire

FEBRUARY 18, 2021

Increasing lending and servicing capacity – regardless of mortgage rates. “For 2021, we need to root for a repeat of what happened in 2013-2014 and 2018-2019,” said Mohtashami. Notably, the refinance share of activity dropped to 69.3% for the week ending Feb. 18, the first time it’s been below 70% since October.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Housing Wire

APRIL 20, 2021

In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said. “That’s $46,000 that would multiply as the years go on and benefit future generations.”

Home Value 472

Home Value Investing Lending Real Estate 472

Housing Wire

JANUARY 12, 2022

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. Wholesale, JV and partnership businesses remained as stand-alone segments led by Stearns’ CEO David Schneider.

Retail 384

Retail Loan Officers Best Value Business 384

Housing Wire

FEBRUARY 4, 2021

Non-QM lending is poised for growth in 2021. HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. The numbers have stabilized since 2013, with product risk well below 0.5% in Q3 2020.

Mortgage 335

Mortgage Marketing Lending Government 335

Housing Wire

JANUARY 5, 2021

Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years. billion.

Architecture 396

Architecture Real Estate Agent Loan Officers Real Estate 396

Inman

JUNE 14, 2023

Mortgage lenders tightened standards for the third month in a row in May, with mortgage credit availability falling to the lowest level since January 2013.

Mortgage 128

Mortgage Lending Marketing 128

Housing Wire

APRIL 25, 2022

First Choice brought to CrossCountry retailer Costco ’s mortgage program, which connects the big box retail giant’s members with a select list of lenders and offers a discount on the lending fees. CrossCountry, which has seen considerable growth since 2013, operates in 50 states.

Retail 384

Retail Loan Officers Mortgage Lending 384

Housing Wire

JUNE 13, 2022

The board of directors appointed Graham Fleming, FoA’s president since October 2020, as interim CEO, responsible for the company’s forward, reverse, commercial and home improvement lending segments, as well as lender services. Cook, a HousingWire 2021 Woman of Influence , joined FoA in March 2016 and was named its CEO in October of 2020.

Finance 355

Finance Home Improvement Mortgage Lending 355

Housing Wire

MAY 26, 2021

After all, the FHFA reported that since 2013, the GSEs had paid approximately $15 billion in interest and premiums for their CRT coverage while receiving just $50 million in write downs or reimbursements. Presented by: Acra Lending. Simply put, we’ve not seen unexpected losses between 2013 and the first quarter of 2021.

Insurance 308

Insurance Investors Design Finance 308

Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims.

Legal 379

Legal Insurance Development Mortgage 379

Housing Wire

MARCH 1, 2022

Prior to her seven-year stint at the Federal Home Loan Bank of Pittsburgh, from 2013 to 2014 Anderson worked as an attorney at Relman, Dane & Colfax PLLC , specializing in fair lending counseling and compliance. Before that, she worked at Ballard Spahr in public finance and housing. It will not be her first time at Fannie Mae.

Human Resources 364

Human Resources Government Finance Mortgage 364

Housing Wire

APRIL 25, 2022

While the CFPB did implement the provision through a procedural rule in 2013, the agency has now begun to invoke this authority. In part because of a friendlier regulatory climate than what depository counterparts work in, nonbanks have become the dominant force in mortgage lending.

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Modernization Law Lending Mortgage 295

Housing Wire

JULY 26, 2022

The digital revolution has changed the game in mortgage lending over the last few decades, resulting in a rise in digital operations such as online applications and eClosings. Better compliance by embracing technology.

Technology 343

Technology Mortgage Lending 343

Housing Wire

NOVEMBER 29, 2022

Homepoint will begin lending at the FHFA 2023 loan limits for conventional products starting Wednesday, November 30. During 2009 and 2013, the GSEs’ share was about 60%, but fell to about 40% between 2014 to 2019, the data shows. By contrast, first-lien lending overall fell 22.3% to $505 billion in the third quarter.

Finance 259

Finance Mortgage Design Government 259

Housing Wire

DECEMBER 16, 2021

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. 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 359

Mortgage Loan Officers Retail Training 359

Housing Wire

DECEMBER 14, 2020

I talked about this on a HousingWire video because there is some confusion on this topic that credit has been tight for residential lending. Higher bond yields will result in higher mortgage rates and cool down the market, as we saw in 2013-2014 and 2018-2019. I would estimate that only 4.5%-6.2% plus nominal growth level.

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Housing Market Government Marketing Mortgage 545