Housing Wire

MAY 20, 2021

In early 2017, after Spirit and Citizens stopped funding his company’s mortgages, McCord sought out a new lender. He set his sights on CapLOC , a North Carolina-based mortgage lending business, and tried to sell CapLOC First Mortgage Company’s lending arm for a quick buck. billion for the government-sponsored entity.

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Housing Wire

OCTOBER 13, 2021

The company ceased operations in July 2017 after years of declining volumes. The holding company will invest in finance, insurance, and real estate businesses. The team co-founded several businesses, such as the fintech Enova, real estate investment trusts (REIT) Pangea Properties and New Lake , and the online lending company Avant.

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Housing Wire

MAY 5, 2022

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

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Housing Wire

JULY 20, 2023

In 2017, the Basel Committee issued a second set of revisions to Basel III, called the Basel Endgame, to address the calculation of risk-weighted assets and limit banks’ internal models to estimate risk. .” Mills particularly worries about the impacts on the MSR market and warehouse lending. To understand the context, U.S.

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Housing Wire

AUGUST 14, 2020

CHLA believes this policy should be broad – applying to all GSE pricing including MI insurance used with GSE loans, as well as non-discriminatory policies with respect to things like DU/LP waivers and repurchase policies, and an end to pilot programs that benefit only a few lenders. CHLA agrees.

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Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Knock this year shifted into lending ). Orchard has also raised a total of $220 million in debt financing since its September 2017 inception.

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Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. From the Department of Labor : Initial claims for unemployment insurance benefits increased by 13,000 in the week ended April 29, to 242,000.

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Appraisal Today

MAY 10, 2024

This initiative was subsequently reaffirmed in the issuance of VA Circular 26-17-18 in July 2017. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. If buyers cannot get insurance or it is very expensive, it will affect value. Overcoming negative attitudes can be done.

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Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Campbell is now something of a JV guru, having completed over 80 joint ventures with real estate or lending firms. Image was created using MidJourney. Why not create one entity to ensure a smoother process?

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Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

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Housing Wire

AUGUST 20, 2021

Griffin Funding was the fastest housing sector grower in 2017. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. asks for verification of both the 2017 and the. The housing sector has been represented in Inc.

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Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Lenders want fire insurance for all mortgage loans. Or insurance problems for flooding, hurricanes, or other natural disasters.

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Housing Wire

MARCH 15, 2021

of households in current neighborhoods that were once designated undesirable for mortgage lending are non-white, compared with 40.4% of households in current neighborhoods that were labeled desirable for lending. And almost 90% of flood damage insurance payments in Chicago are made to households in communities of color, per Redfin.

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Appraisal Today

SEPTEMBER 17, 2022

Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. Many homes were re-zoned a few years ago and needed flood insurance. At a big meeting, the primary issue was where to get a surveyor to say that my home was high enough not to require flood insurance.

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Housing Wire

JUNE 30, 2021

Additionally, the company’s mortgage insurance best-ex solution, OptiMIze, automatically delivers the best MI pricing available leveraging PennyMac’s highly competitive negotiated MI rates. With over 25 years of wholesale lending experience, Chris Legg joined PennyMac in 2017 and is one of the original architects of the Broker Direct Channel.

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Clear Capital

SEPTEMBER 29, 2021

” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon. And then they went to go buy a home and they were declined because there was all these inequities and biases in the mortgage process and in how mortgages were insured by the FHA.

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Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities.

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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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Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Industry stakeholders have some ideas for how to further that goal, starting with more clarification on some FHA lending programs.

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