Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

Technology 297

Technology Insurance Mortgage Lending 297

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

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Modernization Mortgage Lending Investors 324

Housing Wire

OCTOBER 14, 2020

Though its earnings were disappointing overall, residential lending at Wells Fargo rebounded in the third quarter, both in terms of income and origination volume. In the third quarter of 2019, Wells Fargo originated $58 billion in mortgages. Mortgage originations from the bank totaled $13.4 30, down slightly from $239.5

Business 453

Business Mortgage Lending Valuation 453

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 324

Real Estate Lending Technology Investing 324

Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The fate of Wells Fargo & Co. ’s Presented by: Reggora.

Mortgage 366

Mortgage Lending Business Insurance 366

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 Veterans Affairs after a former loan processor with AFN filed a lawsuit against the California lender in March 2019. Attorney Vanessa Waldref said in a statement. “By

Insurance 324

Insurance Mortgage Government Lending 324

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

Business 407

Business Finance Buyers Lending 407

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 482

Mortgage Government Retail Lending 482

Housing Wire

OCTOBER 18, 2022

Knox, which launched in 2019 and won the HW Tech100 award in 2022, analyzes market data to help homeowners price properties and generate income from their investments. The product is designed specifically for homeowners who require in-hand leases to qualify for mortgages on new home purchases. Knox’s lending arm.

Investing 375

Investing Real Estate Lending Tenants 375

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

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s As expected, the firm’s title insurance segment did not have the greatest quarter. Presented by: Acra Lending. million, down from $103.7

Insurance 360

Insurance Investors Housing Market Law 360

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. “So, the roadshow was very, very well received.”

Insurance 382

Insurance Investors Technology Real Estate Agent 382

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. million and $96.0

Technology 375

Technology Mortgage Valuation Insurance 375

Housing Wire

NOVEMBER 3, 2021

The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. It doubled sales volume from the $36 billion it generated in 2019. The brokerage was the fourth-largest in the U.S.

Brokerage 318

Brokerage Lending Realty Agents 318

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.

Housing Market 385

Housing Market Marketing Contracts Finance 385

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 336

Mortgage Insurance Development Government 336

Housing Wire

AUGUST 20, 2021

The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. million in 2019 to 13.6 million in 2019 to 13.6 million in 2020. million in 2020.

Insurance 424

Insurance Mortgage Marketing Lending 424

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

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. UniversalCIS also moved into the appraisal space in January after it acquired mortgage tech provider Sharper Lending.

Technology 380

Technology Lending Investing Insurance 380

Housing Wire

APRIL 29, 2021

Despite 2020’s pause in originations and securitizations, the 2021 outlook for non-QM lending is promising. billion in total securitizations – only a 33% decrease from its 2019 high. billion in total securitizations – only a 33% decrease from its 2019 high. There are also increased opportunities for non-QM originations.

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Lending Investors Insurance Marketing 327

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry.

Valuation 251

Valuation Technology Lending Mortgage 251

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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Modernization Lending Retail Law 354

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. The mortgage industry has been moving in the direction of being more digital. mortgage market by origination volume, according to HMDA data.

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

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The 10-year Challenge (2009 vs. 2019). Mortgage rates weren’t wildly different in ’09 compared to today.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

FEBRUARY 14, 2024

Since the Federal Deposit Insurance Corporation (FDIC) insures only up $250,000, the banks’ wealthier customers panicked and demanded all of their money immediately. Moody’s also downgraded NYCB subsidiary Flagstar Bank , through which the bank originates residential mortgages. ” Days later on Feb.

Mortgage 382

Mortgage Real Estate Insurance Tenants 382

Housing Wire

AUGUST 20, 2021

In 2016, Brad Sullivan’s Mortgage Financial Services ruled the roost in housing with a rank of 733. Real estate broker Amherst Madison Treasure Valley was the fastest grower in 2019. And Nationwide Mortgage Bankers posted an insane average three-year growth rate of 16,396% in 2020. Top Verticals. Real Estate. 5000 map.”.

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Appraisal Buzz

JUNE 14, 2024

In her role as CEO, Priya leads NHT’s engagement in public policy, lending, and energy sustainability. Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday) Brookings Institution’s Global Economy and Development “State of the Global Economy: Are the Clouds Clearing at Last?”

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Development Government Project Management Design 195

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

Insurance 328

Insurance Mortgage Clients Lending 328

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 28, 2022

Transport yourself back to 2019. Industry newsletters are reporting that mortgage lenders are tightening their belts as the cost to manufacture a loan peaks at a decade high of $9,299. mortgage loan originations, the largest annual volume on record since 2005. It’s 9 a.m. In March 2020 all of that changed. trillion in U.S.

Marketing 352

Marketing Real Estate Agent Business Transportation 352

Housing Wire

DECEMBER 14, 2021

In a statement, the agency said the final rule would “facilitate the ongoing interagency work to modernize the CRA regulatory framework and promote consistency for all insured depository institutions.”. Banks almost always pass their CRA mortgage exams , affordable housing advocates have argued.

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Modernization Insurance Finance Lending 322

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. Are these “other” inspection-and-valuation processes appropriate for lending?

Appraisal 28

Appraisal Inspection Valuation Lending 28

Appraisal Today

SEPTEMBER 23, 2022

Using recent September data, loan applications are below the levels in 2019 and still dropping. Loan applications went up this week but are still below 2019 levels. NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc.

Appraisal 52

Appraisal Marketing Business Contracts 52

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%

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Law Mortgage Marketing Design 329

Housing Wire

NOVEMBER 22, 2021

Powell’s response to the COVID-19 pandemic, in the form of aggressive monthly asset purchases beginning in March 2020, set off an extraordinarily profitable year for the mortgage industry. Mortgage lenders called the data reporting requirements onerous. She gets it. She’s not afraid to address it. That rule was rescinded in September.

Modernization 362

Modernization Law Tools Inspection 362

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. But there was a catch.

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Lending Government Law Mortgage 358