Housing Wire

FEBRUARY 11, 2021

billion in total 2020 revenue in its annual earnings report, released Thursday. Our 2020 performance demonstrated the remarkable resilience of our people amidst the challenges presented by the pandemic,” said First American CEO Dennis Gilmore. ” First American’s total revenue for the fourth quarter of 2020 was $2.2

Insurance 507

Insurance Retail Business Mortgage 507

Housing Wire

FEBRUARY 3, 2021

United Wholesale Mortgage originated more than $54 billion in mortgages and generated more than $1.3 At the close of 2020, UWM originated more than $182 billion in mortgages, blowing away the $107.8 billion in mortgages it delivered in 2019. billion in net income during 2020, and $1.37 billion in MSR.

Mortgage 517

Mortgage Investors Technology Investing 517

Housing Wire

OCTOBER 22, 2020

This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. million and purchase applications would never hit 300 until the years 2020-2024. Well, here we are in 2020 entering into the best housing demographic patch ever recorded in U.S. So, let’s take a look at the housing data in 2020 so far.

Housing Market 537

Housing Market Mortgage Buyers Government 537

Housing Wire

SEPTEMBER 8, 2021

Four months into the new year and conversations among mortgage executives were focused right back on the same issue that always happens after a mortgage boom — LO com p. Three mortgage executives were virtually gathered to talk about the routine topic at the Mortgage Bankers Association’s Spring conference in April.

Mortgage 384

Mortgage Loan Officers Tools 384

Housing Wire

MAY 17, 2021

Mortgage forbearance exits picked up steam last week as the the total number of loans in forbearance dropped by 14 basis points to 4.22% of servicers’ portfolio share, according to the Mortgage Bankers Association ‘s Forbearance and Call Volume Survey. of all exits for the period from June 1, 2020, through May 9, 2021.

Mortgage 364

Mortgage Investors Marketing 364

Housing Wire

DECEMBER 7, 2022

The Consumer Financial Protection Bureau stated on Tuesday that it will be lenient when enforcing changes made in the 2020 Home Mortgage Disclosure Act Final Rule on the closed-end loan reporting threshold. On September 23, 2020, the U.S. How to reach the growing segment of Hispanic American homebuyers in 2023.

Mortgage 370

Mortgage Lending Investors Housing Market 370

Housing Wire

JANUARY 29, 2021

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day. million in funded purchase loans in Q4.

Loan Officers 397

Loan Officers Housing Market Valuation Design 397

Housing Wire

JANUARY 6, 2021

2020 has certainly been a year to remember. Before we repress these 2020 memories, let’s dive into how this pandemic has created housing disruption in a number of areas of the industry, providing us all a nudge toward trying new processes and technologies that we maybe have assumed were still a few years away.

Housing Market 450

Housing Market Technology Marketing Mortgage 450

Housing Wire

DECEMBER 22, 2020

Adoption of remote online notarization soared 547% in 2020, according to a new survey from the American Land Title Association of major vendors working in the RON space. Comparing Q2 vs Q3 2020, FundingShield found a 30% increase in fraud/risk exposure in CPL errors and issues. How to prevent wire fraud while increasing production.

Law 496

Law Real Estate Clients Technology 496

Housing Wire

APRIL 12, 2024

That’s because many of these potential hires are locked into super-low 30-year mortgages. homeowners carry mortgages with interest rates below 3%, while nearly 35% have rates ranging between 3% and 4%. homeowners carry mortgages with interest rates below 3%, while nearly 35% have rates ranging between 3% and 4%.

Mortgage 450

Mortgage Finance Clients 450

Housing Wire

APRIL 13, 2021

Across the mortgage industry, revenues swelled to record highs in 2020. Nonbank lenders and mortgage subsidiaries of chartered banks reaped the rewards – they nearly tripled their profit per loan last year. There was a downside to the heightened production revenue led by secondary market gains. “On

Valuation 370

Valuation Mortgage Marketing Housing Market 370

Appraisal Buzz

JUNE 18, 2021

million apps recorded in the marketplace in 2020. The post FFIEC Releases 2020 Data on Mortgage Lending appeared first on theMReport.com. The post FFIEC Releases 2020 Data on Mortgage Lending appeared first on Appraisal Buzz.

Lending 195

Lending Mortgage Appraisal 195

Housing Wire

JANUARY 26, 2021

Homeowners stayed current on mortgage payments. Between June and July 2020, the largest portion of borrowers exiting forbearance were those who never stopped paying their mortgage in the first place. The post What 2020’s top forbearance exit trends mean for servicers appeared first on HousingWire. Already a member?

Mortgage 530

Mortgage 530

Housing Wire

AUGUST 24, 2020

Many of the 2020 HW Insiders are from these operations roles, and their talent was put to the test during unprecedented times. For this week only, HW+ members get a sneak peak at the 2020 HW Insiders. The post Here are the 2020 HW Insiders appeared first on HousingWire. The full profiles will be available Sept.

Real Estate 445

Real Estate Mortgage 445

Housing Wire

DECEMBER 31, 2020

The 2021 housing market forecasts have focused on everything from home prices to mortgage rates. HW : You start your commentary with a bold prediction: The 2021 housing market will be stronger than 2020. In this installment, HousingWire interviewed Jeff Tucker, senior economist at Zillow , on his forecast for next year.

Housing Market 546

Housing Market Marketing Mortgage Real Estate 546

Appraisal Buzz

JANUARY 11, 2022

of all mortgages in the U.S. percentage point decrease compared to October 2020, when it was 6.1%. in October 2020, for early-stage delinquencies; 0.3% in October 2020, for early-stage delinquencies; 0.3% The post Mortgage Delinquency Rates Decrease from October 2020, Reports CoreLogic appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

MAY 16, 2022

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). At the end of April, 470,000 homeowners were in forbearance plans.

Mortgage 421

Mortgage Marketing 421

Housing Wire

DECEMBER 14, 2020

For perspective, I am starting with the condition of the 2020 housing market before the first infections. Before COVID-19, in the first two months of the year, the 2020 housing market appeared on a powerful upswing. But the 2020 U.S. The one downside of the 2020 housing market is the rapid home-price growth.

Housing Market 545

Housing Market Government Marketing Mortgage 545

Housing Wire

NOVEMBER 30, 2020

Demand for housing was strong in early 2020, before the COVID-19 crisis hit. Instead of a housing crash, as many others predicted would be the lasting consequence of shut-down policies and massive job losses across the nation, the opposite happened as the 2020 U.S.

Housing Market 543

Housing Market Marketing Mortgage 543

Housing Wire

SEPTEMBER 8, 2021

The Office of the Comptroller of Currency announced today that it is moving to gut the controversial Community Reinvestment Act (CRA) rule issued in 2020. In turn, the new rule was picked apart by fair housing advocates and the mortgage industry. The post OCC moves to rescind 2020 version of CRA rule appeared first on HousingWire.

Modernization 410

Modernization Insurance Lending Development 410

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 397

Mortgage Real Estate Agent Real Estate Renovations 397

Housing Wire

DECEMBER 1, 2020

These systems support Capital Markets and Treasury in providing liquidity to the mortgage market, raising funds for the company and handling the enterprise’s cash transactions. The portal received a 2020 Stevie Award for Top FinTech solution. The post 2020 HW Tech Trendsetter: Lindsay Bhandari appeared first on HousingWire.

Technology 383

Technology Development Business Marketing 383

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. These mortgages allegedly represent a balance of $124,011.37 28, 2023.

Mortgage 414

Mortgage Legal Advertising Loan Officers 414

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. By that time, the upfront recovery phase was done, and I needed to model out when we would get the jobs lost back.

Marketing 500

Marketing Mortgage Transportation Insurance 500

Housing Wire

MARCH 15, 2024

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). Holtz’s career includes five years as senior director of internal communications at Ellie Mae , which was acquired by ICE in 2020.

Mortgage 421

Mortgage Technology Valuation Investors 421

Housing Wire

SEPTEMBER 30, 2020

Robert D’Urbano, Chief Information Officer, Freedom Mortgage Corporation. Robert D’Urbano joined Freedom Mortgage in 2005 and guides the development of system improvements and assuring operational readiness of all corporate systems. In June, Freedom Mortgage originated more than $11 billion in loans.

Technology 343

Technology Development Design Mortgage 343

Housing Wire

MAY 3, 2021

billion for the first quarter 2021 — up from only $764 million in the first quarter of 2020. Income was reported at $502 million, a huge recovery from the first quarter of 2020 when Old Republic reported a loss of $605 million. increase from the first quarter of 2020. million registered during Q1 2020. billion, a 12.4%

Insurance 384

Insurance Real Estate Investing Marketing 384

Housing Wire

FEBRUARY 9, 2021

That follows a startling trend of high vacation home demand, continuing an eight-month streak of more than 80% and includes a peak of 118% year-over-year in September 2020. Presented by: Motto Mortgage. ” The post Vacation home demand soared in 2020 appeared first on HousingWire. million receiving bids in the summer.

Home Value 397

Home Value Brokerage Contracts Agents 397

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage News and Law360.

Insurance 479

Insurance Mortgage Development Legal 479

Housing Wire

JUNE 25, 2021

That number then steadily dropped, bottoming out at 825 in the second quarter of 2020 after COVID-19 was officially declared a pandemic. But iBuying companies resumed business in full in May and June of 2020 as housing demand began to rebound, thanks to record-low mortgage rates and a wave of relocations made possible by remote work.

Renovations 449

Renovations Marketing Buyers Inventory 449

Housing Wire

NOVEMBER 30, 2020

Anastos has worked with some of the biggest names in the mortgage industry and is now CEO of Gateless, an independent company formed by Guaranteed Rate that serves as a laboratory of cutting-edge technology for the entire industry, continuously innovating the way mortgages are conducted.

Loan Officers 363

Loan Officers Real Estate Agent Technology Development 363

Appraisal Buzz

APRIL 13, 2022

Mortgage bankers made an average profit of $2,339 on each loan they originated in 2021, down from a record $4,202 in 2020, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report. Performance in the.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

SEPTEMBER 30, 2020

Tony Thompson, Founder and CEO, National Association of Minority Mortgage Bankers of America. Under Thompson’s leadership, NAMMBA launched an initiative called “Mission 2025” in which the company will connect with 50,000 students to bring them into the mortgage profession. It will seek more Millennials, minorities, and women.

Development 335

Development Design Real Estate Mortgage 335

Housing Wire

DECEMBER 1, 2020

Now leading Clear Capital’s mortgage collateral modernization programs, Allen is reimagining and re-engineering how home valuations are manufactured and partnering with major lenders and GSEs to bring greater efficiency and speed to the consumer. The post 2020 HW Tech Trendsetter: Jeff Allen appeared first on HousingWire.

Valuation 369

Valuation Real Estate Modernization Appraisal Process 369

Housing Wire

JANUARY 30, 2024

Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Angel Oak’s bank-statement HELOC allows qualified, self-employed borrowers to leverage their home equity while maintaining their primary mortgage.

Mortgage 441

Mortgage Investing Marketing 441

Housing Wire

MARCH 18, 2024

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.

Advertising 436

Advertising Mortgage Business Clients 436

Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Windsor, Ontario-based Edison Financial will officially change its name to Rocket Mortgage Canada and operate as Rocket Mortgage on August 8.

Brokerage 410

Brokerage Mortgage Real Estate Lending 410