Housing Wire

JUNE 24, 2022

million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD), and the U.S. Brea, California-based direct lender American Financial Network will pay about $1.04 Attorney’s office.

Insurance 323

Insurance Mortgage Government Lending 323

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. Today, roughly $1.5

Finance 336

Finance Buyers Insurance Housing Market 336

Housing Wire

APRIL 22, 2024

To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates. Djon spoke on Sunday during a session on lead generation at The Gathering, HousingWire ’s real estate and mortgage conference, held in Scottsdale, Arizona.

Brokerage 340

Brokerage Real Estate Realtors Real Estate Agent 340

Housing Wire

AUGUST 14, 2020

The Community Home Lenders Association (CHLA) recently used the opportunity to submit a comment letter on proposed GSE capital levels to instead focus mostly on pending unresolved issues that are critically important to small mortgage lenders. A February 2019 National Association of Realtors paper concluded that “. CHLA agrees.

Mortgage 335

Mortgage Insurance Development Government 335

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. It also lost $81 million on revenue of $51 million in 2019, according to its S-1 filing. Bank , as well as large credit unions and even tech companies.

Insurance 381

Insurance Investors Technology Real Estate Agent 381

Housing Wire

NOVEMBER 17, 2022

This debate comes at a time when mortgage rates have doubled since the beginning of the year, from around 3.5% to around 7%, giving new urgency to the need to keep mortgage fees down on all federal agency mortgage programs — not just FHA but also VA , Fannie Mae and Freddie Mac. 1 way most regular Americans build wealth.

Mortgage 256

Mortgage Finance Design Insurance 256

Housing Wire

AUGUST 8, 2022

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal.

Human Resources 331

Human Resources Legal Finance Insurance 331

Housing Wire

MAY 24, 2022

Indecomm Global Services , a New Jersey-based mortgage automation and services provider, aims to court more lenders through its new automation-enabled origination solution, GeniusWorks, which is intended to cut the cost of middle-office origination functions: set-up, processing and underwriting.

Mortgage 333

Mortgage Insurance Technology Development 333

Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

Finance 229

Finance Insurance Technology Modernization 229

Housing Wire

JUNE 1, 2022

According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. The ALTA Registry is a unique real estate utility created specifically for the mortgage industry and service providers.

Insurance 376

Insurance Real Estate Agents Technology 376

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 363

Mortgage Loan Officers Lending Business 363

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. Since 2019, Jones has served as a senior advisor at FHFA. Department of Housing and Urban Development.

Legal 445

Legal Law Brokerage Finance 445

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

Mortgage 386

Mortgage Property Taxes Insurance Business 386

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports. billion. “So

Housing Market 384

Housing Market Marketing Contracts Finance 384

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

Investing 487

Investing Loan Officers Technology Development 487

Appraisal Today

JUNE 7, 2024

Request for Information Regarding Fees Imposed in Residential Mortgage Transactions AGENCY: Consumer Financial Protection Bureau. Mail / Hand Delivery / Courier: Comment Intake —Residential Mortgage Fees Assessment, Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552. Include Docket No. YOUR VOICE MATTERS.

Appraisal 73

Appraisal Insurance Contracts Business 73

Housing Wire

MARCH 31, 2021

WFG Lender Services has created a solution that takes time and cost out of the real estate process, helping mortgage lenders become more successful while passing along the benefits of greater efficiency and economy to their customers. A 2019 HW Vanguard Award recipient, Patrick F. This solution is MyHome Exchange.

Real Estate 368

Real Estate Technology Insurance Clients 368

Housing Wire

MAY 5, 2022

Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from 2017 to 2019, bank regulators estimated. Banks also would be able to get credit for community development activities, even if that work occurs outside of their branch footprint.

Modernization 353

Modernization Lending Retail Law 353

Housing Wire

APRIL 22, 2024

If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance. House-hacking is a great way to build wealth and pay down your mortgage. She developed training materials, classes, and coaching programs for her fellow introverts.

Real Estate 345

Real Estate Open Houses Brokerage Real Estate Agent 345

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.

Development 195

Development Government Project Management Design 195

Housing Wire

APRIL 12, 2024

For one, the mortgage servicing industry adopted some COVID-era, rescue-type packages where a house does not go into immediate foreclosure. property tax bill increased by about 24% in 2023 compared with 2019; in some states, such as Texas, the property tax hike amounts to over $1,000 per year. With home values across the U.S.

Property Taxes 355

Property Taxes Insurance Mortgage Home Value 355

Housing Wire

APRIL 22, 2024

Even homeowners who have paid off their mortgage may be finding that their available equity is not enough to downsize, according to a story published Saturday by The New York Times. The article also notes that reverse mortgages are a potentially valuable tool for seniors in the current housing environment.

Tenants 396

Tenants Mortgage Insurance Tools 396

Housing Wire

NOVEMBER 13, 2020

The Federal Housing Administration ’s flagship Mutual Mortgage Insurance (MMI) Fund is in the best condition since before the financial crisis with a combined capital ratio for FY 2020 at 6.1% – only.3% MMI fund capital for the forward mortgage portfolio now stands at $77.8 billion over 2019’s fiscal year.

Insurance 322

Insurance Mortgage Development Marketing 322

Appraisal Today

AUGUST 18, 2023

You are unlikely to see an immediate surge in desktop and hybrid appraisal assignments in the current volatile real estate market, but once normalcy returns to the mortgage rates and the housing market (as it always does), you can expect them to increase. Varies widely around the country. == Mortgage applications decreased 0.8

Appraisal 77

Appraisal Contracts Inspection Real Estate 77

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.

Real Estate Agent 413

Real Estate Agent Loan Officers Real Estate Agents 413

Housing Wire

AUGUST 3, 2021

Fannie Mae continues to reap the rewards of low mortgage rates as it posted a net income of $7.2 In March 2020, both Fannie Mae and Freddie Mac hit pause on credit risk transfers, which shift a portion of the risk of credit losses on the mortgages they insure onto investors. billion, of Fannie Mae’s $373.3

Mortgage 413

Mortgage Insurance Government Investors 413

Housing Wire

MAY 8, 2023

In 2019 the number was 200,000. Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019. New single-family homes sold for an average price of more than $377,000 in 2019. in April.

Inventory 380

Inventory Renovations Supply Chain Buyers 380

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 369

Insurance Real Estate Technology Loan Officers 369

Housing Wire

MARCH 3, 2022

According to the DOJ, Juliana Martins, who was on federal supervised release for a previous scheme, left out a key detail of her employment history, which helped her and a co-borrower qualify for an FHA-insured mortgage in the amount of $265,109. Martins is scheduled to be sentenced on August 4, 2022. On May 17, 2021, the U.S.

Insurance 326

Insurance Government Tools Business 326

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%

Law 328

Law Mortgage Marketing Design 328

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. But, even then, today’s homebuyers aren’t spoiled for choice.

Construction 450

Construction Logistics Technology Real Estate 450

The Robert Weiler Company

SEPTEMBER 7, 2022

However, compared to 2019, Ohio remained steady at #10 overall and improved from #8 to #2 in the cost of doing business. Dubbed as “the Silicon Valley of The Midwest,” startups are flocking to Columbus to develop their businesses. Tax Deduction (homeowners can deduct property taxes and mortgage interest).

Investing 78

Investing Business Real Estate Buyers 78

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

Appraisal 28

Appraisal Inspection Valuation Lending 28

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 in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec.

Lending 357

Lending Government Law Mortgage 357

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

Renovations 287

Renovations Investing Real Estate Marketing 287

Will Springer Realtor

SEPTEMBER 12, 2023

These findings provide a strong economic base and cement walkable urban places and development as the wave of the future, as we move toward a more connected, environmentally sustainable way of life.” In addition, discussions are well underway between city leadership, neighborhood advocates and developers to consider placing a “lid” over I-5.

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

Construction 36

Construction Supply Chain Real Estate Development 36