Housing Wire

AUGUST 16, 2022

Sixteen companies offering mortgage tech solutions made the Inc. The list of mortgage solutions providers on the list was topped by Maxwell , a mortgage solutions platform designed for America’s local lenders, at No. Morty , a platform that lets homebuyers shop lenders to compare and lock in mortgage interest rates, ranked No.

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Miller Samuel

SEPTEMBER 5, 2023

Here are the previous interviews from 2014 , 2016 , 2020 , 2021 and 2022. The post Bloomberg's Masters in Business: Jonathan Miller on High Mortgage Rates first appeared on Miller Samuel Real Estate Appraisers & Consultants. Here's the transcript , book recommendations , and the podcast version!

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Housing Wire

NOVEMBER 6, 2023

Patricia “Patti” Cook , who broke the glass ceiling in the mortgage industry during a successful 45-year career , died on Friday at her home in New York. In 2016, Cook joined Finance of America and took the company public. She was 70 years old. Cook retired as CEO of Finance of America in June 2022 to focus on her health.

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Housing Wire

NOVEMBER 30, 2021

The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. That condition was finally met in 2016, when the FHFA increased conforming limits for the first time in a decade.

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Housing Wire

OCTOBER 19, 2021

The historic mortgage boom spurred by the pandemic hasn’t just been a blessing for lenders – the slew of mortgage loan-trading platforms have also reaped the rewards of historic origination volume. The last 12 months have been great,” said Tom Pearce, CEO of Maxex, an Atlanta-based fintech company founded in 2016.

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Housing Wire

FEBRUARY 26, 2021

In Mississippi, single women on average paid 3.47% on a 30-year, conventional fixed-rate mortgage in 2019. Over the lifespan of the mortgage, the single woman in this instance will have roughly $7,000 more in mortgage payments than the single man. Single women typically paid between 8 and 10 basis points higher on a mortgage.

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Housing Wire

FEBRUARY 16, 2024

A bill introduced in the New Jersey Senate would require face-to-face counseling for the state’s reverse mortgage transactions and would nullify any loans originated without proof of such counseling having taken place. Turner originally introduced a similar bill in 2016, she told RMD in an interview. New Jersey State Sen.

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Housing Wire

MAY 14, 2024

In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem. million in pre-seed funding in 2016. It already has more than 40,000 registered customers.

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Housing Wire

NOVEMBER 29, 2022

The federal government, through government sponsored enterprises Fannie Mae and Freddie Mac , for the first time ever will also back mortgage loans north of $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas at $1,089,300 — or 150% of $726,200.

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Housing Wire

SEPTEMBER 1, 2021

A 50-year-old former unlicensed mortgage broker from Long Island, New York, pleaded guilty Wednesday to defrauding clients and wholesale lenders out of $4.7 million in mortgage refinancing proceeds that were supposed to pay off existing client mortgages. Prior to working at mortgage brokerage Bliss Home Funding Corp.

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Housing Wire

NOVEMBER 12, 2020

mortgage rate for a 30-year fixed loan rose this week to 2.84%, Freddie Mac said in a report on Thursday – up 6 basis points from the previous all-time record low set last week. The average fixed rate for a 15-year mortgage also gained slightly by 2 basis points to 2.34%. Presented by: VRM Mortgage Services. The average U.S.

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Housing Wire

MAY 28, 2024

Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. Parrish joined the Incenter group in 2016 through its business CampusDoor, a third-party student and specialty loan origination platform.

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Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Mortgage rates started last week at 6.44% and fell to a low of 6.16% , then ended the week at 6.34%.

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Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

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Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. I am keeping an eye on how much growth we can get with mortgage rates over 6%. Since Nov.

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Housing Wire

FEBRUARY 24, 2022

Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. Treasury notes, bonds and mortgage-backed securities. All things being equal, that dynamic tends to put downward pressure on mortgage rates. Sponsored Video.

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Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Here’s a quick rundown of the last week: The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.

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Housing Wire

OCTOBER 7, 2021

John Guzzo and Jason White will be managing directors at KBW, with a focus on mortgage technology companies and related sectors. Disclosure: Guzzo also represented the former owners of HousingWire in its sale to Clayton Collins-led Riomar Capital in 2016.). How to Improve Mortgage Processing with Document Automation.

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Appraisal Buzz

MAY 10, 2021

Cherry Creek Mortgage recently announced the promotion of Claud Payne to vice president of project management and Reid Nelson to vice president of software development. . The post Cherry Creek Mortgage Announces Two Promotions appeared first on Appraisal Buzz.

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Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

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Housing Wire

APRIL 20, 2021

Appraisal-management tech provider AppraisalWorks is now available through the ICE Mortgage Technology Platform , the company announced Tuesday. ICE Mortgage Technology, formerly known as Ellie Mae , is a cloud-based loan origination platform provider for the mortgage industry.

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Mortgage Valuation Technology Lending 309

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

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Housing Wire

MAY 3, 2022

Fannie Mae , the government-sponsored enterprise that backs the majority of conventional mortgages, is not immune to the sharp decline in mortgage refinances. Fannie Mae’s net income decrease was mainly due to the expense of managing credit risk on mortgage loans. The enterprise reported $7.5 billion this quarter.

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Mortgage Marketing Finance Sellers 365

Housing Wire

FEBRUARY 3, 2021

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. The alleged scheme occurred over a six-year period ending in April 2016, the government said. Attorney’s Office in Chicago said Tuesday.

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Housing Wire

JUNE 15, 2022

A panel of experts assembled at a recent Mortgage Bankers Association (MBA) conference in New York predicted that adjustable-rate mortgages (ARMs) will become far more popular this year as purchase mortgages increasingly dominate a housing market contending with fast-rising interest rates. Presented by: ICE Mortgage Technology.

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Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

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Mortgage Brokerage Retail Business 441

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. billion in 2012 to $2 billion in 2016. “The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, CEO of StoicLane and one of the investors in the round, said in a statement. and former U.S.

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Housing Wire

MARCH 25, 2021

Digital mortgage and fulfillment platform Maxwell has raised $16.3 Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. mortgage market.

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Mortgage Lending Technology Loan Officers 370

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

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Housing Wire

JUNE 16, 2023

Below-median family income households are overcoming constraints related to increased borrowing costs and home prices and are finding ways to become homeowners, according to Freddie Mac ’s latest economic, housing and mortgage outlook. Since the second quarter of 2016, the below-median family income homeownership rate has increased 5.4

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Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. We project Q4 2022 to be the lowest RMBS securitization issuance volume in any quarter since 2016, closing at less than $6 billion.

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Housing Wire

MARCH 12, 2023

Mortgage rates fell even though the jobs report was stronger than anticipated. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. As a result, mortgage rates, which climbed as high as 7.05% last week, fell to a low of 6.76% on Friday.

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Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% In 2022, the housing market was a little hotter than this year due to lower mortgage rates, pushing home prices up. Moreover, for the first time, the federal government backed mortgages north of $1 million.

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Housing Wire

MARCH 19, 2024

Nierenberg has been the president and CEO of Rithm since November 2013 and chairman since May 2016. It also included reduced compensation for loan officers, sources told HousingWire in February. Prior to joining Rithm, he held executive positions at Bank of America Merrill Lynch , J.P. Morgan , Bear Stearns , and Lehman Brothers.

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Housing Wire

FEBRUARY 7, 2024

Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday. Before the promotion, Hardiman served as the company’s senior vice president of retail and direct sales for more than four years.

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Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. In the fourth quarter of 2020, the company reported a net income of nearly $60 million, driven by historic mortgage originations.

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Mortgage Valuation Loan Officers Retail 400

Housing Wire

AUGUST 26, 2022

The firm is the latest to fall victim to rising mortgage rates and a drop in home sales. . The startup offers power buying services, cash offer programs and has a lending arm, Reali Loans , which provides mortgage financing in 14 states. At the time of the funding, the company said 180 employees worked in the U.S. and 25 in Israel.

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