Housing Wire

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Head of Product and Design. Briana Ings.

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Housing Wire

JANUARY 12, 2021

to Acra Lending, the company has also launched a new jumbo prime program. HousingWire recently spoke with Keith Lind, Acra executive chairman and president, and Acra CEO Kyle Gunderlock, about the new program and how it will help borrowers in 2021 and beyond. Keith Lind, Acra Lending executive chairman and president.

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Housing Wire

APRIL 23, 2024

The rule is designed to “[protect] the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation,” the FTC said in its announcement of the rule. Chamber of Commerce has vowed to take legal action against the FTC, according to a statement calling the ban “an unlawful power grab.” labor force.

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Housing Wire

JUNE 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. Flagstar also offers brokers the opportunity to participate in the Flagstar FLEX monthly webinar series designed to help them better their businesses.

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Housing Wire

DECEMBER 11, 2023

fair lending laws has been on regulators’ radar in recent years. CFPB’s probe into mortgage lenders The CFPB’s probe into mortgage lenders was shared back in Fall 2021. The CFPB has been tightening its screws on fair lending practices. Its findings showed that mortgage lenders violated U.S. Wells Fargo paid $3.7

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Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Founded in 2018, Stavvy works to increase efficiency and transparency in real estate and mortgage lending.

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Housing Wire

OCTOBER 1, 2022

District Court found that the CFPB, under Trump appointee Kathy Kraninger , acted in an “arbitrary and capricious” manner by exempting mortgage lenders from reporting obligations under the Home Mortgage Disclosure Act (HMDA) designed to help combat fair lending and fair housing violations, including redlining.

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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.

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Housing Wire

OCTOBER 16, 2023

The White House on Monday announced a series of new initiatives designed to boost U.S. homeownership, alongside data detailing housing aid that has been provided since 2021. New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. New data The U.S.

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Housing Wire

NOVEMBER 29, 2022

The report, issued by “fairness-as-a-service” solution firm FairPlay AI , was based on a study of more than 350 million mortgage applications from 1990 to 2021. in 2021 from 1990. in 2020 and 2021, up from 78.4% In 2021, Black homebuyers in these states were approved at 69% of white mortgage applicants.

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Housing Wire

FEBRUARY 20, 2024

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. Ventura’s new position is as president of reverse lending, where he succeeds former reverse lending president Tane Cabe.

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Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Housing Wire

FEBRUARY 10, 2023

The portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. million in 2021, but its origination volume dropped by more than 53.8% Last month, the lender hired Andy Voyles as its executive vice president and director of retail lending.

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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. It is simply the right thing to do.”

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Housing Wire

MARCH 1, 2021

Fred Bolstad, executive vice president of retail lending at U.S. He also spent nearly 20 years at Citi where he served in multiple executive leadership roles, including executive vice president for national production, executive vice president of retail lending, and executive vice president of wholesale lending.

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Housing Wire

MARCH 28, 2024

Nevertheless, in 2021, only 36% of completed home-only loan applications were approved; this 64% denial rate has remained relatively unchanged over the last four years. Just five lenders originated more than 75% of all home-only loans from 2018 to 2022, four of whom specialize in home-only lending.

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Housing Wire

DECEMBER 1, 2022

In March 2021, Polly raised $15 million in Series A funding led by 8VC and in January 2022 raised an additional $37 million in a Series B funding round led by Menlo Ventures. In May this year, Polly’s mortgage SaaS technology integrated with mortgage insurance providers like Arch MI, Enact, Essent, MGIC, National MI and Radian.

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Housing Wire

MARCH 17, 2023

The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

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Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. million in the last quarter of 2021. UWM has aggressively put pressure on competitors. billion.

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Housing Wire

FEBRUARY 21, 2024

This figure was down 15% year over year and 18% below the peak of 420,000 employees in July 2021, when the 30-year fixed mortgage rate averaged less than 3%. In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. But some are completely fresh to the field.

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Housing Wire

JULY 26, 2023

In a previous edition of the report published in the fall of 2021, CFPB examiners found that mortgage lenders had “violated ECOA and Regulation B by discriminating against African American and female borrowers in the granting of pricing exceptions based upon competitive offers from other institutions,” the new report said.

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Housing Wire

FEBRUARY 29, 2024

In a series of policy announcements designed to address housing supply and affordability, HUD, the U.S. We will further analyze the initiatives announced today and will continue to call on the Administration, Congress, and industry stakeholders to work together on more affordable and effective lending programs,” he said.

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Housing Wire

APRIL 27, 2023

million loss in 2021. The company will now operate as a mortgage brokerage, giving up its retail consumer direct lending division and winding down its third-party origination (TPO). However, in the most challenging mortgage market in over a decade, Impac’s equity reached a negative $11.6 million in stockholder equity.

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Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. Presented by: Mortgage Coach.

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Housing Wire

APRIL 24, 2023

The case began in March 2021, when UWM CEO Mat Ishbia announced the lender would not work with brokers who also did business with Rocket Mortgage or Fairway Independent Mortgage. AML also claims that wholesale lending is a separate submarket of the mortgage industry, which has barriers to entry. Any broker who did so would face fines.

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Housing Wire

NOVEMBER 17, 2022

In his new role, Quintans will oversee the digital marketing strategy to advance Waterstone Mortgage’s online presence through social media campaigns and content creation, in collaboration with graphic designers and communications specialists. Quintans’ professional career spans more than two decades in mortgage lending.

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Mortgage Marketing Training Design 349

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. Presented by: Sagent Lending Technologies.

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Housing Wire

FEBRUARY 26, 2021

Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage. Patterson has led Homepoint’s third-party originations business since 2015.

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Housing Wire

DECEMBER 10, 2020

The country was in the middle of the financial crisis, as the consequences of the deceptive mortgage lending practices from all the years prior came crashing down. This unconventional monetary policy is designed to encourage lending and investment, adding money back into the economy and lowering interest rates.

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Housing Wire

JULY 28, 2021

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Launched in 2012, Blend raised $300 million in January 2021, not long after it introduced a series of consumer banking tools.

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Housing Wire

APRIL 13, 2023

Other employees told the outlet of repeated drug use by sales staff, managers and executives, as well as a pressure-cooker environment seemingly designed to push workers out. Among those who claimed to have seen cocaine use while working at UWM was Matt Hutchinson, who left the company in June 2021 after nearly three years.

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Housing Wire

APRIL 23, 2024

At the same time, “human beings are not perfect creatures,” and AI is tracking human interactions as well. “The systems are designed with that dual feedback,” Krishna added. ” In 2021, Rocket acquired personal finance app Truebill for $1.275 billion in cash.

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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.

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Housing Wire

MARCH 17, 2021

.” Forbearance legislation and moratoriums have all but stopped foreclosure proceedings during the pandemic and will continue until at least June 2021. However, WFG officials said they expect a surge of default activity in the fourth quarter of 2021 and beyond once these initiatives are lifted.

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Real Estate Agent Clients Insurance Real Estate 352

Housing Wire

SEPTEMBER 23, 2022

Thrive’s chief operations officer Selene Kellam , who designed the lender’s operations workflow, will be the chief executive officer starting in 2023. We are continually seeking opportunities for partnerships to help us lead our industry into the next generation of mortgage lending.”.

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Mortgage Retail Loan Officers Technology 369

Housing Wire

SEPTEMBER 28, 2020

We have already seen an increase in predatory financial lending and scams as the most vulnerable in our state try to weather the economic downturn induced by the COVID-19 pandemic,” said Manuel Alvarez, DBO commissioner. The state legislature says the move will increase financial regulation and consumer protection in the Golden State.

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Housing Wire

MAY 16, 2023

Ann Arbor, Michigan-based Home Point Capital did not experience the traditional ceremony to ring the Nasdaq Stock Market bell when the company went public in early 2021. It was basically the best company I’ve ever worked at,” a former underwriter, who joined the company in January 2021, said. “Homepoint was fantastic.

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