Housing Wire

MARCH 17, 2023

a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response.

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Mortgage Clients Technology Development 317

Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

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Mortgage Insurance Design Government 469

Housing Wire

MAY 23, 2022

Full-service lender Cherry Creek Mortgage announced Rick Hogle has joined the company as its chief revenue officer. 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.

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Mortgage Retail Insurance Development 359

Housing Wire

SEPTEMBER 25, 2023

mortgage sales and origination team, according to the news outlet, citing two former employees who were affected by the latest downsizing. About 75 employees are left on the mortgage origination team in the U.S. For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace.

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Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process. Others are sure to follow.

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Insurance Real Estate Technology Business 309

Housing Wire

APRIL 23, 2024

The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. brands, including brokerage, mortgage, title, insurance and technology. Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024.

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Marketing Project Management Advertising Real Estate 321

Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Alli also received numerous accolades in her field: she was recognized as one of Housing Wire ‘s 50 “Women of Influence” in 2021.

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Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. 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.

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Mortgage Loan Officers Lending Human Resources 413

Housing Wire

JUNE 8, 2021

The HW Insiders program is for the operational all-stars within the housing economy who do the leg work and make the mortgage industry tick, but rarely get the credit. Maxson helped develop a new workflow process that enabled NotaryCam to manage a 300% increase in demand for remote online notarization. . Nominate someone today!

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Real Estate Development Insurance Government 219

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA).

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Mortgage Marketing Finance Insurance 380

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

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Real Estate Real Estate Agent Mortgage Agents 451

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. division, to Summit.

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Retail Development Finance Lending 368

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. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

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Technology Insurance Mortgage Lending 293

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.

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Sellers Realty Insurance Realtors 432

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

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Sellers Realty Insurance Realtors 302

Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. based consultancy Potomac Partners , which specializes in the mortgage finance industry. “To

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Insurance Transportation Mortgage Government 427

Housing Wire

NOVEMBER 15, 2022

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) noted in a briefing on Tuesday that it managed to record another banner year for the Mutual Mortgage Insurance (MMI) Fund. We are not announcing a mortgage insurance premium change today,” Gordon said. New priorities.

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Insurance Mortgage Development Housing Market 370

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. billion manufactured home purchase mortgages in 2021, according to HMDA data.

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Renovations Finance Insurance Transportation 315

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

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Mortgage Loan Officers Lending Business 360

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. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

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Insurance Loan Officers Sellers Mortgage 360

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

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Mortgage Loan Officers Finance Investors 388

Housing Wire

OCTOBER 11, 2023

Loan servicers can use predictive analytics that map natural disasters to prepare for a wave of mortgage delinquencies after a natural disaster strikes. “As As professionals are underwriting loans, servicing them or investing in loan portfolios, there is a big increase in the price of homeowners insurance ,” Gallagher highlighted. “And

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Real Estate Insurance Investors Law 405

Housing Wire

JUNE 1, 2022

The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did. According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. About half of U.S.

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Insurance Real Estate Agents Technology 373

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. As of September 2021 the MMIF was nicely cushioned, with a capital ratio of 8.03% — almost four times the required statutory minimum.

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Insurance Mortgage Realtors Housing Market 417

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. by the end of 2021, and likely dropping below 4% by the end of 2022. Forbearance trends and exits outlook.

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Mortgage Inventory Investors Design 479

Housing Wire

MARCH 2, 2022

The serious delinquency rate in the Federal Housing Administration loan portfolio is now far less than its pandemic peak, and the Department of Housing and Urban Development said sustained improvement will factor in to whether it adjusts mortgage insurance premiums. In March 2021, HUD Sec.

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Insurance Mortgage Design Development 254

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. As we move forward into 2022, I believe cash will truly be king in the mortgage industry. In the mortgage business, many expenses are front-ended. How do you manage that?

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Mortgage Inventory Business Loan Officers 329

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

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Renovations Buyers Development Insurance 333

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. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S.

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Insurance Investors Technology Real Estate Agent 382

Housing Wire

OCTOBER 4, 2021

The report – which is compiled using data sourced from more than 150 residential mortgage lenders – found that one in 12 borrowers saw “significant home equity growth” in the third quarter. Plus, the frequency of borrowers searching for the phrase “cash-out” increased by almost 300% from Q2 to Q3.

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Insurance New Listings Mortgage Development 417

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. Our company delivered good financial results in the first quarter, our seasonally slowest period,” CEO Ken DeGiorgio said during the company’s first quarter 2021 earnings call with investors on Thursday.

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Insurance Investing Marketing Business 346

Housing Wire

FEBRUARY 19, 2024

Rapid home price appreciation can sometimes help slow the rate of lost equity as it did in 2021, when distressed homeowners lost an average of $377 a month. That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. Assuming he put 3.5% Of more than 8.7

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Real Estate Property Taxes Insurance Government 392

Housing Wire

FEBRUARY 22, 2022

In December 2021, HUD resolved long standing questions about whether special purpose programs would violate the fair housing act. Acting Director David Uejio spoke in September 2021 about how special purpose credit programs “serve as an important tool” for mortgage lenders to assist underserved borrowers.

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Lending Development Finance Law 305

Housing Wire

OCTOBER 26, 2020

announced Monday an agreement to acquire subservicer ServiceMac , which it anticipates closing at the end of 2021. The acquisition of ServiceMac reflects our steadfast commitment to support the mortgage industry and further expand our product innovation efforts,” said Dennis Gilmore, chief executive officer at First American Financial Corp.

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Technology Insurance Real Estate Mortgage 400

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. As of Sept. As of Sept. Here is how Hurst, via email, responded to our questions.

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Mortgage Real Estate Investing Technology 333

Housing Wire

AUGUST 8, 2022

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal.

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Human Resources Legal Finance Insurance 324

Housing Wire

DECEMBER 7, 2020

Cooper , the nation’s largest nonbank servicer of mortgage loans, will refund customers nearly $90 million and pay a civil penalty of more than $6.5 We are holding Nationstar accountable for harming homeowners by improperly servicing their mortgage loans,” said Delaware Attorney General Kathy Jennings. “[Mr.

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