Housing Wire

SEPTEMBER 25, 2020

Back in 2014, the Consumer Financial Protection Bureau issued the rule to instill strict underwriting standards for mortgage loans, but also hoped not to hamper the availability of affordable home loans for creditworthy borrowers. The federal Ability to Repay Rule has always been a study in contradiction.

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Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Prior to this new position, she served as the chief investor and industry relations officer of Home Point Financial Corporation.

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Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. from the last quarter’s 28.6% from Q4 2022.

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Housing Wire

JANUARY 30, 2024

The survey found that millennial and Generation Z homeowners are up to six times more likely than boomers or Generation X to use mortgage assistance, first-time homebuyer programs or credit-building resources, among other tools. NeighborWorks surveyed some 2,200 adults from Jan. That was a 33% increase from three years earlier.

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Housing Wire

OCTOBER 19, 2023

At Real, the company has made a huge investment by acquiring mortgage and title businesses and everybody is moving in the same direction to help both our agents and their clients be successful,” Wallace said in a statement. “As 2023, she oversaw business development, back-end operations as well as the partner real estate agent network.

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Housing Wire

FEBRUARY 13, 2023

“Since being appointed CEO of Rocket Mortgage in 2017, and subsequently CEO of Rocket Companies in connection with the August 2020 IPO, Jay has overseen the most rapid period of growth and profitability in our 37-year history,” Dan Gilbert, founder and chairman of Rocket, said in a statement.

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Housing Wire

NOVEMBER 14, 2023

Still, it can increase if necessary, as the FHFA will continue to monitor the multifamily mortgage market, it says in a recently published fact sheet. This loans category, first developed in 2023, preserves rents at affordable levels in multifamily properties, typically without public subsidies.

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Housing Wire

JUNE 30, 2023

This marks the first major increase to the threshold since 2014. The review schedule and loan threshold changes are designed to “simplify underwriting for multifamily housing development without presenting undue risk to FHA,” the agency said, and to allow for regular adjustments in response to market changes. “We

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Housing Wire

DECEMBER 16, 2021

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. In 2012, Dmitry Godin was seemingly on top of the world.

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Mortgage Loan Officers Retail Training 340

Housing Wire

DECEMBER 15, 2020

Combined with our extensive data assets and deep domain expertise in predictive analytics and decision-support solutions, this acquisition will enhance our ability to develop innovations to help our clients refine their marketing outreach, boost customer acquisition and retention, and increase profitable growth.” year-to-date.

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Insurance Clients Technology Development 445

Housing Wire

SEPTEMBER 13, 2022

California-based mortgage lender loanDepot has named Joseph Grassi, an industry veteran who spent two decades at Fannie Mae , as its chief risk officer, the company announced Monday. Grassi spent 20 years at Fannie Mae, from 1994 to 2014, with his last position as a chief legal officer.

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Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

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Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. pending home sales fell 1.1% compared to a year ago. but remained 19.6%

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Realtors Inventory Contracts Development 532

Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). The company was founded by mortgage professionals and appraisers that “witnessed the collapse of the mortgage industry.”

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Appraisal Valuation Appraisal Process Finance 349

Housing Wire

FEBRUARY 1, 2021

When Calabria first took over as head of the agency, he focused on mortgage giants Fannie Mae and Freddie Mac and their future in conservatorship. Presented by: Motto Mortgage. Department of Housing and Urban Development. In 2014, Pollard was named by National Law Journal as one of “America’s 50 Outstanding General Counsel.”.

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Housing Wire

MARCH 16, 2022

The rate of Hispanic homeownership has been inching up each year since 2014, according to U.S. Latinos were 81% more likely to be denied a conventional mortgage than non-Hispanic white borrowers, an analysis of Home Mortgage Disclosure Act data showed. Last year, the Hispanic homeownership rate grew to 48.4% from 47.5%

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Real Estate Agent Real Estate Agents Investors 370

Housing Wire

SEPTEMBER 13, 2022

Once the acquisition is completed, dv01, founded in 2014, will operate as a subsidiary of Fitch solutions. It is expected to close by the end of the third quarter, according to Fitch Group, which also is the parent of data, research and analytics provider Fitch Solutions. The dv01 deal is the latest in a series of acquisitions by Fitch Group.

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Appraisal Buzz

JUNE 13, 2022

I was named in the NMP 40 under 40 in 2014 for my involvement in the real estate valuation sector. My first hybrid appraisal was developed 13 years ago. With an aim to change the way homes are photographed for mortgage needs in the digital age, I created ProxyPics, my second US patent.

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Valuation Technology Real Estate Appraisal 370

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. 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 333

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.

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Lending Retail Development Realty 259

Housing Wire

NOVEMBER 12, 2021

Foglia Brandy has officially been with Cohen Closing and Title for five years now and is currently working as a closing agent and the director of business development. “I As of 2014 the average age of title insurance agents and brokers was around 60 years old, and the situation has not really improved.

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Empire Appraisal Group

APRIL 7, 2023

30-Year Mortgages Dip Again, Hit 6.28% NEWS & MEDIA Winslow Productions / Getty Images Source: 30-Year Mortgages Dip Again, Hit 6.28% | Florida Realtors 30-Year Mortgages Dip Again, Hit 6.28% By Matt Ott It’s the fourth week of declines. The average long-term mortgage rate hit 7.08% in the fall – a two-decade high.

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Mortgage Realtors Buyers Real Estate 78

Housing Wire

MAY 11, 2021

Market analysts on the call did not question Wu and Wheeler, and instead discussed matters such as Opendoor’s entry into title and mortgage, and whether the company is disproportionately affected by the well-documented lumber shortage (answer: not really). That generated a $97 million gross profit for the company.

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Real Estate Agent Real Estate Brokerage Inventory 319

Housing Wire

JUNE 16, 2022

The Government Accountability Office this week reminded the Department of Housing and Urban Development (HUD) of some ways it could improve its operations. ” Both points are reiterations of what the GAO previously flagged in 2014 and 2019, respectively. Why now is the time for lenders to ‘retool’ their IT environment.

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Housing Wire

JUNE 28, 2022

Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million or higher.

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Housing Market Marketing Inventory Investors 448

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 404

Housing Wire

NOVEMBER 12, 2021

In 2021, the message became clear: mortgage lenders must adapt to survive. In 2014, the OSE implemented a quality management program, to make certain the supervisory program adheres to CFPB standards, policies and procedures, ensure accountability and continuous improvement, and make sure that office has quality controls.

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Housing Wire

JUNE 10, 2024

Mortgage rate lock-in happens because even small changes in mortgage rates can make a big difference in costs. in April 2024 — with a 10% down payment, a typical mortgage would be approximately $350,000. For every 50 basis point change in mortgage rates, the monthly payment for this house would change by $112.In

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Mortgage Inventory New Listings Sellers 356

Housing Wire

JULY 6, 2022

Fannie Mae has, and Freddie Mac is developing, a list of “material fourth parties,” including those that have access to confidential information. Last year, the IG found that from 2014 to 2020, FHFA did not conduct any targeted exams of Fannie Mae’s third-party risk management program.

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Supply Chain Contracts Government Finance 369

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.

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Mortgage Inventory Housing Market Construction 443

Housing Wire

FEBRUARY 1, 2024

in 2009 to about 12-14% during Fiscal Years 2010 through 2014. Department of Housing and Urban Development (HUD) set the HECM limit at $625,500, an increase from $417,000. The addition of nonborrowing spouses younger than 62 in 2014 is one such change that could alter the course of the program. In 2009, the U.S.

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Mortgage Business Development Design 331

Housing Wire

OCTOBER 1, 2020

Garg, a serial entrepreneur who founded the digital-only lender in 2014, revealed at LendIt Fintech’s USA 2020 virtual event that his company is now profitable. “So, I’m proud to say that Better’s customers are funding our growth.”

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Retail Tools Business Valuation 322

Housing Wire

DECEMBER 29, 2021

Two of the biggest developments have been the phenomenal growth of remote online notarization (RON) and document management platforms. Back in 2014 the average age of a title agent or broker, according to industry statistics, was 60. Whether big or small, title companies are deploying technology to improve the ?ow

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Insurance Real Estate Technology Business 305

Appraisal Buzz

JUNE 14, 2024

Herbert serves as Managing Director of the Joint Center for Housing Studies of Harvard University, and has experience conducting research related to housing policy and urban development, both in the U.S. Palmer serves as Chairman and CEO of Taylor Morrison, a national homebuilder and developer based in Scottsdale, Arizona. and abroad.

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Development Government Project Management Design 195

Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. One solution advanced is to simply develop and recruit more underwriters for the private-label market. It is complex, with multiple, varied causes.

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Mortgage Technology Development Marketing 332

Housing Wire

JUNE 3, 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. billion for that cohort of loans.

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Insurance Development Mortgage 310

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. mortgage lender, Charlotte-based BofA had $229 billion in outstanding residential mortgages on its books through Sept.

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