Housing Wire

MAY 23, 2022

In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels. Hogle has more than 20 years of experience, including about 15 years with Supreme Lending.

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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

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.

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Housing Wire

MARCH 31, 2022

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions. DecisionPoint offers immediate title clearance for about a third of U.S. properties.

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Housing Wire

MARCH 31, 2021

In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. How servicers can stay ahead of Biden’s potential regulatory changes.

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Housing Wire

AUGUST 5, 2022

Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation. Numerous organizations criticized the agencies for not proposing to grade banks based on data about their minority lending.

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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. Magazine’s list of the 5,000 fastest growing companies in America in 2021.

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Retail Loan Officers Brokerage Technology 428

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal).

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Insurance Investors Technology Real Estate Agent 384

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. In its seventh securitization on June 14, The Change Company attracted 16 investors to a $306 million offering, including money managers, banks, insurance companies, and private funds.

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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 HW: Where would you advise clients and colleagues to focus their technology resources as we navigate the second half of 2021?

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Technology Lending Clients Insurance 350

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 366

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. Howell echoed similar sentiments, noting that the FHA has been building its Mutual Mortgage Insurance Fund for years to historic levels and can easily afford to lower the premiums.

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Insurance Loan Officers Sellers Mortgage 370

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

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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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Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” Freedom Mortgage’s loan origination volume fell by the second-largest pace this year among the top mortgage lenders compared to 2021. Those jobs started to become offshore starting February.”.

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Mortgage Loan Officers Lending Business 370

Housing Wire

JUNE 23, 2021

from April 2020 to April 2021, with the median home price surging by more than $20,000. According to first quarter 2021 Census data , homeownership rates for Black and Hispanic Americans—45% and 49%, respectively—remain significantly lower than the White homeownership rate of 74%. .

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Cleveland Appraisal Blog

OCTOBER 29, 2021

Therefore, for each sale, we must develop a reliable opinion of the value of its land. Therefore, an appraiser needs to have access to reliable replacement and/or reproduction cost data and be able to develop a supportable opinion of the value of the land. We’ve just developed the total economic life for one of the sales.

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Housing Wire

JULY 7, 2021

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. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing.

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Housing Wire

JUNE 11, 2021

A recent Mortgage Bankers Association forecast predicted that purchase originations in 2021 will grow 16.4% And there’s one lending partner that has the solutions and resources to give LOs just that. This streamlines the lending process by opening the door to faster approvals, easier applications and only one appraisal. “We

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Appraisal Clients Insurance Lending 368

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. However, the product’s volume was pacing at a 49% annual growth rate between January 2022 and June 2022, compared to the same period in 2021. ” Just a little less vanilla. ” Tapping that equity.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

JANUARY 25, 2022

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. To develop a robust input, it’s imperative to understand your cash flows, which means knowing your sources and uses of cash. Ravi Correa is Chief Financial Officer at Angel Oak Lending.

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Mortgage Inventory Business Loan Officers 370

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. Aslan Home Lending Corporation.

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Insurance Lending Realty Finance 397

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. million homeowners became delinquent and entered forbearance between March 2020 and November 2021, the end of the fiscal year.

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Law Mortgage Legal Finance 370

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. BH: Can you share developments related to Endpoint? As of Sept. As of Sept.

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Mortgage Real Estate Investing Technology 370

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Housing Wire

JUNE 1, 2021

And thanks to their dedication, hard work and drive, the housing sector is more prepared than ever before to successfully navigate 2021 and beyond. See below for HousingWire’s 2021 list of Rising Stars, and click through for full profiles on each winner that detail their impressive accomplishments. Genworth Mortgage Insurance.

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Retail Lending Loan Officers Finance 397

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Exposure time plays a more significant role in appraisals developed for lending purposes than marketing time.

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Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Arch Mortgage Insurance Company. Aslan Home Lending. VP, Learning and Development. SVP, Non-QM Business Development & Production. EVP, Business Development. Planet Home Lending. VP, Product Development. Chris Favilla. LoanLogics.

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Technology Human Resources Finance Retail 388

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). Overcoming negative attitudes can be done.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

JULY 7, 2022

Another cornerstone of Fannie Mae’s equity plan is the use of targeted lending programs. Fannie Mae sought feedback while its plan was in development and learned some lenders were hesitant to implement special purpose credit programs, which can target lending products based on a protected class.

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Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. CubiCasa Digital GLA was launched by CubiCasa in 2021. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no.

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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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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.

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Technology Loan Officers Lending Business 456

Appraisal Today

JULY 14, 2023

Most, including Bill Gates’ mansion is across Lake Washington from Seattle. == Three Dangerous Insurance Mistakes Appraisers Should Avoid by Isaac Peck, Senior Broker at www.OREP.org 1. Appraiser E&O insurance is written on a “Claims Made” basis. I still hear from appraisers who let their insurance lapse. Effective Sept.

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Tools Appraisal Insurance Contracts 77

Housing Wire

OCTOBER 4, 2022

The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. The Urban Institute in 2021 found that only one in four low-cost homes sold was likely to be financed with a mortgage.

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Mortgage Government Lending Finance 396

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

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Law Loan Officers Lending Advertising 410

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. It would remove the cap on the number of HECM loans that can be insured by FHA. federal government. Within the congressional justifications for the U.S.

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