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 356

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 419

Mortgage Loan Officers Lending Human Resources 419

Housing Wire

JUNE 8, 2021

The award recognizes housing professionals in residential mortgage lending, servicing, investments, real estate and fintech who are problem solvers, driving their companies forward every day. Maxson helped develop a new workflow process that enabled NotaryCam to manage a 300% increase in demand for remote online notarization. .

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Real Estate Development Insurance Government 222

Housing Wire

APRIL 26, 2023

Since the pandemic began, the FHFA has enabled lenders to complete more than 1 million payment deferrals, with roughly one-third of all homeowners exiting forbearance via payment deferrals since 2020. million homeowners with COVID-19 pandemic forbearance programs since March 2020.

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Insurance Mortgage Government Investors 317

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 376

Retail Loan Officers Brokerage Technology 376

Housing Wire

SEPTEMBER 21, 2021

While the rise of digital technology has permanently shifted the world of lending, many borrowers still look for a human-touch experience to help create trust and transparency throughout the lending process. “A What’s the latest problem you and your team are trying to solve?

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Technology Lending Clients Insurance 277

Housing Wire

AUGUST 14, 2020

But the pace of Fannie Mae and Freddie Mac ’s eventual exit from conservatorship is accelerating, with the development of the capital rule and retention of financial advisors. Yet, developments are accelerating. CHLA did this not because capital levels aren’t important; they are. CHLA agrees.

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Mortgage Insurance Development Government 346

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

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Insurance Investors Design Finance 294

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023.

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Realtors Technology Insurance Mortgage 359

Housing Wire

JUNE 23, 2021

from April 2020 to April 2021, with the median home price surging by more than $20,000. Municipal regulations, such as zoning restrictions, costly permitting and minimum lot sizes, must be reformed to expand developable land and reduce timelines and costs. According to the Radian Home Price Index , home prices rose 9.2%

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Housing Market Marketing Construction Insurance 398

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 495

Investing Loan Officers Technology Development 495

Housing Wire

JULY 7, 2021

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results.

Mortgage 392

Mortgage Property Taxes Insurance Business 392

Housing Wire

APRIL 7, 2022

An ALTA Vendor Survey showed that RON transactions increased by 547% from 2019 to 2020. In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Even those who want to buy in are wondering where to start.

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Law Technology Insurance Agents 358

Housing Wire

JUNE 11, 2021

In 2020, the refinance boom caused lenders and brokers to go on hiring sprees, and loan originators were putting in substantial hours. And there’s one lending partner that has the solutions and resources to give LOs just that. We have the most competitive mortgage insurance in the country thanks to our size,” Niemiec said. “We

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Appraisal Clients Insurance Lending 297

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. These time-savings are critical in today’s lending environment.

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Clients Technology Insurance Loan Officers 346

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. According to data provider Curinos , home equity originations reached $65 billion in volume last year, relatively flat compared to 2020. ” Just a little less vanilla. ” Tapping that equity.

Mortgage 394

Mortgage Loan Officers Finance Investors 394

Housing Wire

FEBRUARY 8, 2022

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. One reason homeowners have not responded to the company was the foreclosure moratorium that went into effect in March 2020.

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Law Mortgage Legal Finance 352

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

FEBRUARY 1, 2023

Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. CBC Mortgage does not offer a temporary rate buydown program, but it is focused on offering down payment assistance for first-time homebuyers by providing them with second mortgages issued in tandem with FHA-insured loans.

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Marketing Government Mortgage Sellers 410

Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

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Insurance Finance Inventory Mortgage 356

Housing Wire

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.

Technology 407

Technology Loan Officers Lending Business 407

Property Metrics

DECEMBER 4, 2020

To prevent this, analysts have developed a set of metrics that act as a sort of early warning system of potential bank failures. To illustrate this point, assume that a real estate developer has a checking account with a local bank that has a balance of $100,000 and an interest rate of.2%.

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Tenants Development Lending Retail 53

Housing Wire

JUNE 1, 2021

This year’s class of Rising Stars matches the recording-breaking and unparalleled year that the housing industry experienced in 2020. SVP, Agent Engagement & Development. Genworth Mortgage Insurance. EVP, Retail Lending. Supreme Lending. VP of Product Development. VP, Lending Support. eXp Realty.

Retail 394

Retail Lending Loan Officers Finance 394

Appraisal Today

NOVEMBER 24, 2023

During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. For starters, any development would have to pass through three levels of bureaucracy, as 4.1 Click here E&O Insurance Tips Many appraisers are very slow now. They may allow you to come back as an insured appraiser.

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Appraisal Mortgage Business Contracts 74

Simonson Real Estate

JANUARY 23, 2020

I attended the 2020 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. This article shares the best insights and trends from 2019 and expectations into 2020. Midway Field, with Allianz Field development. New Supply.

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Real Estate Tenants Retail Valuation 78

Housing Wire

APRIL 14, 2021

Based on 2020, many mortgage lenders are now exploring technology. This dream machine would close these gaps and enable the development of future solutions to address tomorrow’s challenges. It takes years to build an Expert System because it transcends basic software development. . The machine that’s coming for the robots.

Technology 384

Technology Development Mortgage Design 384

Housing Wire

OCTOBER 11, 2021

As the refi boom declines – taking the intense production volume of 2020 and early 2021 with it – and we move to a more purchase-heavy market, lenders are seeing a decline in profit margins and an increase in origination expenses. The right tools to help. More loans successfully closed means higher profits, as well.

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Tools Technology Insurance Lending 293

Housing Wire

APRIL 14, 2021

McEnerney was a managing director at Deutsche Bank for 14 years before Freedom Mortgage brought him on in August 2020 as executive vice president. RoundPoint also added a new chief administrative officer, Joseph Gormley, who formerly held senior positions at the department Housing and Urban Development. billion.

Retail 276

Retail Investors Mortgage Insurance 276

Housing Wire

OCTOBER 24, 2022

Ginnie serves as the government-backed securitization pipeline for loans insured by government agencies that provide loan-level mortgage-insurance coverage through their lending programs. Department of Agriculture’s Rural Development program, the U.S. Unlike Fannie and Freddie, however, Ginnie does not purchase loans.

Mortgage 277

Mortgage Insurance Buyers Sellers 277

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. For 2020, the range drops to an average of between four to seven violations across the three agency-size categories. Case Examples.

Law 332

Law Mortgage Marketing Design 332

Housing Wire

MARCH 7, 2022

million in 2020 to $24.9 A deed transfer often includes the new owner ensuring they are the property holder through title insurance. Before starting Propy, Karayaneva ran a real estate investment firm in Bulgaria for 15 years and earned a master’s degree at the University of Oxford in sustainable urban development.

Real Estate 474

Real Estate Law Inspection Agents 474

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. of GDP in 2020. Incentivizing developers is necessary. Committing non-bank lending institutions. Reducing government-insured and guaranteed mortgage loan fees.

Insurance 377

Insurance Construction Government Lending 377

Housing Wire

JUNE 27, 2022

Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. Only 20% reported year-over-year traffic growth, the lowest level since April 2020, at the start of the pandemic. I don’t think it’s a win for anyone on the lending side.

Housing Market 422

Housing Market Marketing Brokerage Real Estate 422

Housing Wire

JULY 29, 2021

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. From 2019 to 2020, HUD received only 12 complaints of appraisal bias, the Washington Post reported.

Appraisal 545

Appraisal Valuation Training Law 545

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 359

Lending Government Law Mortgage 359

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 294

Renovations Investing Real Estate Marketing 294

Will Springer Realtor

JULY 13, 2023

You are not going to get people to come back into the office to the same degree as they did before 2020. Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%).

Construction 36

Construction Supply Chain Real Estate Development 36