Housing Wire

MAY 12, 2021

Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. “Rocket Mortgage has grown to be the industry leader and the measuring stick for all other lenders. It became the country’s largest mortgage lender in 2017.

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Lending Mortgage Real Estate Technology 380

Housing Wire

MAY 17, 2022

Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, LLC , a provider of quality control audit mortgage software and fraud prevention services. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

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Logistics Legal Investors Technology 328

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 345

Technology Real Estate Agent Loan Officers Lending 345

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 359

Housing Wire

FEBRUARY 23, 2024

The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program. Ginnie Mae accordingly implored TCB to lend money to RMF. But TCB was hesitant to lend money to a bankrupt company. The Government’s motion should accordingly be denied.”

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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. The argument for the higher threshold for claims arose following a 2015 Supreme Court decision which upheld the disparate impact regulation.

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Housing Wire

FEBRUARY 26, 2021

Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage. Patterson has led Homepoint’s third-party originations business since 2015.

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Design Retail Technology Lending 216

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Our previous best year for HELOCs was 2015, and that was about $320 million,” he added. rebranded as Rithm Capital ).

Housing Market 366

Housing Market Marketing Contracts Lending 366

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. Low mortgage rates, driven by quantitative easing by the Federal Reserve helped fuel a boom in both mortgage refinancing and purchases, making 2020 the second-best year in U.S.

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Development Lending Mortgage Marketing 414

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. million consent order with Trident Mortgage Co., Attorney General Merrick Garland said in a statement.

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Law Loan Officers Lending Advertising 392

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan? The GSE’s have similar policies.

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Reconsideration of Value Appraisal Real Estate Insurance 71

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.

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Real Estate Real Estate Agent Technology Investors 365

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 466

Mortgage Inventory Housing Market Construction 466

McKissock

JULY 20, 2021

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. In a mortgage lending situation, a home inspection is typically made for the borrower (i.e., Can an appraisal inspection substitute a home inspection? Let’s talk about the word “inspection”.

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Inspection Appraisal Construction Clients 105

Appraisal Today

APRIL 21, 2023

Brand your appraisal practice Make it easier for customers to send you referrals by developing a brand that they will remember. Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white. Mortgage applications decreased 8.8

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Appraisal Contracts Modernization Mortgage 52

Housing Wire

APRIL 4, 2023

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. That catalyst ended up being Rocket Mortgage ’s “Push button, get mortgage” campaign in 2015.

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Clients Mortgage Business Technology 353

Housing Wire

FEBRUARY 22, 2021

Founded by Stanley Street in 1986, SRG currently supports more than 1,500 independent mortgage originators and more than 14,000 users. The thesis was that independent mortgage banks would continue to grab market share, so they kept in touch. ” How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

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Technology Lending Clients Real Estate 278

Housing Wire

MARCH 11, 2021

The Consumer Financial Protection Bureau (CFPB) announced Tuesday it will be watching out for any potential lending discrimination based on sexual orientation or gender identity, vowing to protect LGBTQ borrowers. “As a former mortgage banker and professional for nearly a decade, this is a welcome change of pace.

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Lending Legal Mortgage Real Estate 402

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 148

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Appraisal Today

NOVEMBER 10, 2022

Development of value and/or marketability conclusions that are not supported by available market data. NOTE: Please scroll down to read the other topics in this long blog post on barndominiums, liability, declining prices, non-lender marketing, Freddie bad appraisal practices, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Housing Wire

FEBRUARY 29, 2024

Department of Housing and Urban Development (HUD) and the White House announced plans to extend the Federal Financing Bank (FFB) risk-sharing program, two prominent housing associations shared their differing perspectives on the move. Shortly after the U.S.

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Insurance Finance Design Construction 311

Appraisal Buzz

OCTOBER 4, 2021

The research is based on 12 million appraisals for purchase transactions submitted to Freddie Mac between 2015 and 2020 through the Uniform Collateral Data Portal. “An Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

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Valuation Appraisal Contracts Finance 370

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 78

Appraisal Tenants Investors Business 78

Housing Wire

FEBRUARY 15, 2022

government, insurance companies and financial institutions as well as asset-backed security issuances and transactions in the private-label residential mortgage-backed securities (MBS) sector. The SEC report also examines market-share information for residential mortgage-backed securities, or MBS. billion — or 68.1% ESG Analysis.

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Law Mortgage Marketing Design 345

Housing Wire

MAY 24, 2022

There’s a lot more to Southwest’s business model, and check out my book, “Strategically Transforming the Mortgage Banking Business” for a deep dive. Think about your lending business model. According to the MBA Quarterly Mortgage Report, compensation is about two-thirds of the cost to originate and close a loan.

Business 371

Business Technology Lending Housing Market 371

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015).

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Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time. Prospective Values.

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Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

JANUARY 12, 2024

Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. But there was a catch.

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Lending Government Law Mortgage 365

Clear Capital

NOVEMBER 30, 2021

And this comes courtesy of Next Mortgage News, thank you. And they describe themself as a developer of the mobile-first home ownership platform. They are a digital lending platform. The digital mortgage movement is alive and well. So I built a company in Europe that I sold in 2015. But still a chunk of change.

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Landlords Real Estate Tenants Investing 69

Housing Wire

JANUARY 20, 2021

Department of Housing and Urban Development declared Wednesday that the Federal Housing Administration will once again back mortgages for immigrants under the Deferred Action for Childhood Arrivals (DACA) program. are eligible to apply for mortgages backed by the FHA. are not eligible for FHA-insured mortgages.” .”

Mortgage 546

Mortgage Law Insurance Legal 546

Patch of Land

OCTOBER 5, 2018

Congress has opportunities to address some of the challenges financial technology firms face in the lending sector. The pace of financial technology innovation in the alternative lending space is nothing short of phenomenal, but it has meant headaches for lenders and vendors waiting for regulation to play catch-up.

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Lending Law Technology Investors 35

On Q Financial

FEBRUARY 2, 2021

The Department of Housing and Urban Development announced on January 19, 2021, that the FHA would once again back mortgages for DACA recipients. are not eligible for FHA-insured mortgages.” However, in 2015, the Obama Administration deemed the “lawful residency” language unclear. History of FHA Loans for DACA Recipients.

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Law HOA Legal Government 42

Housing Wire

MARCH 8, 2024

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry. And, as they are fixed, they have an “outsized impact on borrowers with smaller mortgages,” it added.

Mortgage 444

Mortgage Legal Insurance Finance 444

Housing Wire

JUNE 25, 2021

Department of Housing and Urban Development published a proposal to the Federal Register on Friday that would rescind the department’s 2020 disparate impact rule and restore the 2013 discriminatory effects rule. Supreme Court, which upheld the rule in 2015. However, under Trump, HUD began signaling that changes could be coming.

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Legal Housing Market Landlords Development 374

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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Insurance Modernization Lending Mortgage 356