Housing Wire

FEBRUARY 4, 2021

Although this issuance is much smaller than the typical balance from Deephaven (about $400 million per MBS in 2019 and beginning of 2020), this officially marks its return to the market. Last spring, Deephaven, one of the first lenders in the non-QM market, announced it was laying off all workers and closing all operations. in Q3 2020.

Mortgage 336

Mortgage Marketing Lending Government 336

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

MAY 13, 2024

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 378

Legal Mortgage Contracts Insurance 378

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 416

Mortgage Insurance Lending Marketing 416

Housing Wire

MAY 9, 2022

The list includes top executives, such as lending directors and vice presidents for credit and underwriting. In this context, Owning is the second company acquired by Guaranteed Rate in 2021 to face layoffs in the challenging mortgage market this year. Surging mortgage rates are reducing margins and volumes.

Human Resources 388

Human Resources Lending Retail Mortgage 388

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 393

Lending Loan Officers Advertising Development 393

Housing Wire

SEPTEMBER 17, 2021

This exact scenario occurred in 2013 during what was known as the taper tantrum. On the flip side, events unrelated to the Fed’s activities can also have a tremendous impact on the market. The craving for market stability — and the willingness to believe that a change like ZIRP will deliver it — is understandable but misguided.

Marketing 395

Marketing Mortgage Investing Business 395

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 322

Mortgage Technology Lending Modernization 322

Housing Wire

OCTOBER 11, 2022

drop in cash-out refinance locks in September from the previous month, which is now down 78% from the same period in 2021, according to Black Knight ’s originations market monitor report. “Home prices are pulling back in a growing number of markets, but across the country, affordability remains a challenge,” Happ said.

Lending 374

Lending Home Value Mortgage Government 374

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 378

Technology Lending Mortgage Business 378

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 373

Technology Mortgage Lending Business 373

Housing Wire

JULY 14, 2022

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. .

Human Resources 389

Human Resources Construction Legal Investors 389

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. However, the uptrend in the bond market since the lows of August 2020 is intact. for the week ending Feb.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

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.

Legal 320

Legal Mortgage Lending Buyers 320

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 353

Lending Law Legal Mortgage 353

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. Nomura Securities International Inc. served as the sole structuring agent of the securitization.

Investors 304

Investors Real Estate Finance Lending 304

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. Founded in 2000 and known for its robust retail operations, Guaranteed Rate has been growing in stature in recent years.

Retail 383

Retail Loan Officers Best Value Business 383

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 310

Insurance Investors Design Finance 310

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 394

Architecture Real Estate Agent Loan Officers Real Estate 394

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. Effective Feb. Before that, she worked at Ballard Spahr in public finance and housing.

Human Resources 365

Human Resources Government Finance Mortgage 365

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 150

Mortgage Lending Marketing 150

Housing Wire

APRIL 25, 2022

This authority gives us critical agility to move as quickly as the market, allowing us to conduct examinations of financial companies posing risks to consumers and stop harm before it spreads.”. While the CFPB did implement the provision through a procedural rule in 2013, the agency has now begun to invoke this authority.

Modernization 294

Modernization Law Lending Mortgage 294

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 361

Mortgage Loan Officers Retail Training 361

Housing Wire

NOVEMBER 29, 2022

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. market due to lower rates and supply constraints.

Finance 261

Finance Mortgage Design Government 261

Housing Wire

DECEMBER 14, 2020

The evidence for this can be seen here in a series of charts published with the article: Considering all the wild machinations in the market that we lived through from the date of the first infections to the present, I thought it would be useful to recap some of the year’s significant economic milestones. BC Era: Before Coronavirus.

Housing Market 545

Housing Market Government Marketing Mortgage 545

Housing Wire

APRIL 18, 2023

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. Now that the market has turned, do you see any challenges for your purchase call center agents ?

Retail 328

Retail Business Agents Loan Officers 328

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede. To date, no Wells Fargo bulk MSR public offering has surfaced, market observers say. of the entire $8.4

Buyers 352

Buyers Investing Mortgage Marketing 352

Housing Wire

OCTOBER 2, 2020

” AmeriHome, founded in 2013, operates correspondent and consumer direct channels , and also sports a related servicing division. AmeriHome produced about $27 billion in volume through its correspondent channel over the first half of the year – about 8% of the market, the company said in its S-1. market share. billion.

Valuation 254

Valuation Mortgage Business Modernization 254

Housing Wire

JUNE 13, 2023

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. With this decline in availability, the MCAI is now at its lowest level since January 2013.” Of the two component indices of the conventional index, the Jumbo MCAI fell by 1.5%

Mortgage 360

Mortgage Government Lending Contracts 360

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. This sector on an apples-to-apples basis is more expensive than the existing home sales market. The only risk to that 6.2

Mortgage 472

Mortgage Inventory Housing Market Construction 472

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose.

Real Estate 366

Real Estate Real Estate Agent Technology Investors 366

Appraisal Today

DECEMBER 8, 2023

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.

Appraisal 67

Appraisal Real Estate Contracts Design 67

Housing Wire

APRIL 27, 2021

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

Finance Legal Realty Mortgage 370

Housing Wire

SEPTEMBER 28, 2023

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 417

Legal Training Real Estate Business 417

Realtor

AUGUST 1, 2018

But under legislation passed in 2013, you can plan on paying that extra money for the life of the FHA loan. “But for the first few years, a buyer is paying mostly interest rather than principal, so the loan amount doesn’t go down for quite a while,” says Robert Harris , owner and mortgage consultant at All in One Lending.

Inspection 136

Inspection Insurance Buyers Renovations 136

Housing Wire

SEPTEMBER 10, 2020

In 2013, Fraser was tapped to head CitiMortgage in St. The day I started at CitiMortgage was the day the market started responding to the Fed, and inevitably was the end of the refi boom,” Fraser, who became CEO in May 2013, said in an interview with the Post-Dispatch. “The

Mortgage 287

Mortgage Retail Lending Business 287

Housing Wire

NOVEMBER 28, 2023

The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. The CFPB claims that the bank identified the practice as early as 2013 but “turned a blind eye for years.”

Law 436

Law Mortgage Loan Officers Lending 436