Housing Wire

APRIL 25, 2022

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. “We’re excited to have him on board and look for positive developments with Jim at the helm of Flagstar’s distributed retail operation.”

Retail 378

Retail Lending Mortgage Real Estate 378

Housing Wire

JANUARY 24, 2022

Stearns Lending will lay off 348 workers following the decision by Guaranteed Rate earlier this month to discontinue operations of its third-party wholesale channel. Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns.

Lending 370

Lending Retail Loan Officers Business 370

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. HousingWire: Why did you develop the Jumbo Prime program?

Lending 354

Lending Development Retail Design 354

Housing Wire

DECEMBER 14, 2021

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead. Through July 2021, AOMS [Angel Oak Mortgage Solutions] has originated $1.52

Lending 383

Lending Technology Government Investors 383

Housing Wire

FEBRUARY 17, 2021

The FHFA released its 2021 Scorecard for Fannie Mae , Freddie Mac and Common Securitization Solutions on Tuesday, adding new resolution planning requirements for the GSEs. The rest of the 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations. Non-QM lending is poised for growth in 2021.

Finance 410

Finance Lending Business Technology 410

Appraisal Buzz

DECEMBER 3, 2021

Mortgage lending has dropped in the second and third quarters of 2021, with finance mortgages dropping 13% and purchase loans off 2% for the first time this century. According to ATTOM’s Q3 2021 U.S. million mortgages secured by residential properties were developed in Q3.

Mortgage 195

Mortgage Lending Finance Development 195

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. Not in droves like in 2021, but the business is out there. Arrange meetings, go to networking events, host networking events and develop more referral relationships.

Lending 384

Lending Loan Officers Training Investors 384

Housing Wire

MAY 3, 2021

The 2021 winners demonstrated their worth in the crucible of 2020 — navigating through shut-down orders and liquidity concerns before pivoting quickly to respond to record-low interest rates. EVP, Director of Warehouse Lending. Intercap Lending. VP of Business Development and Acquisitions, Chief Financial Officer.

Finance 397

Finance Lending Realty Investing 397

Housing Wire

FEBRUARY 9, 2021

Nominations for HousingWire’s 2021 Rising Stars opened today! developing viral consumer campaigns to improve industry perception. HousingWire’s 2021 Rising Stars will represent the best young leaders in the housing economy industry – in lending, servicing, investing and real estate. And the list keeps going!

Lending 370

Lending Real Estate Finance Development 370

Housing Wire

JANUARY 19, 2024

The bank claims that Patriot ranked 14th out of 482 lenders in making mortgage loans in minority areas of Memphis in 2021 and 15th out of 534 lenders in 2022. In October 2021, the DOJ launched an initiative to combat redlining – a coordinated enforcement effort to address this persistent form of discrimination against communities of color.

Loan Officers 452

Loan Officers Lending Advertising Home Improvement 452

Housing Wire

FEBRUARY 6, 2024

The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina. Lending discrimination violates the law and harms communities and entire families for generations,” Attorney General Merrick Garland said in a statement.

Advertising 410

Advertising Lending Loan Officers Law 410

Housing Wire

APRIL 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) announced this week that Peter Sciandra, EVP of reverse lending and secondary marketing at Fairway Independent Mortgage Corporation , has joined its board of directors for the remainder of the 2023-2024 term.

Lending 421

Lending Mortgage Development Business 421

Housing Wire

AUGUST 16, 2021

It also represents a gain on the $49 billion originated in the first quarter of 2021. And UWM’s gain-on-sale margin slipped to 81 basis points in Q2 2021, down from 243 bps a year ago and 219 bps in the first quarter of 2021. But other indicators suggest more challenging quarters ahead. billion in Q1 and $6.2

Development 397

Development Mortgage Retail Business 397

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Eric Levin is EVP of Client Development at Model Match.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

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. .

Real Estate 253

Real Estate Development Insurance Government 253

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). billion in Q4 2021. level from the first quarter of 2021, ATTOM reported.

Lending 358

Lending Renovations Real Estate Finance 358

Housing Wire

JULY 6, 2022

Wells Fargo, the third-biggest mortgage lender in the country, will lay off 125 employees in its home lending division in Iowa by the end of August. The bank will cut 11 jobs in July and 114 in August, according to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Iowa Workforce Development.

Mortgage 410

Mortgage Lending Business Development 410

Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. from 2012 to 2021. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists.

Government 541

Government Lending Development Legal 541

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. million in 2021, origination volume dropped by more than 53.8%

Retail 384

Retail Mortgage Loan Officers Lending 384

Housing Wire

DECEMBER 23, 2022

In a report issued on Wednesday, the watchdog said the regulator of Fannie Mae and Freddie Mac, which itself published a report that drew attention to racial bias claims in December 2021, should notify state regulators and licensing authorities when it finds cases of appraisal bias. million active appraisal records to the U.S.

Appraisal 370

Appraisal Lending Law Finance 370

Housing Wire

AUGUST 3, 2023

Department of Housing and Urban Development (HUD) for alleged redlining practices. Fair Lending Act by engaging in discriminatory lending practices in majority Black and Hispanic neighborhoods in six U.S. metropolitan areas from 2018 through 2021.” ” HSBC did not reply to a request for comments.

Lending 370

Lending Mortgage Development Marketing 370

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton.

Mortgage 366

Mortgage Technology Lending Modernization 366

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July.

Retail 370

Retail Development Finance Lending 370

Housing Wire

SEPTEMBER 27, 2022

The workforce reduction came from its Des Moines, Clive, Ankeny and West Des Moines offices, according to a WARN notice filed in the Iowa Workforce Development. ” The latest layoff announcement from the country’s second-largest lender comes amid faltering home lending business. billion in revenue from home lending.

Lending 384

Lending Finance Development Business 384

Housing Wire

JULY 15, 2022

billion, up 5% compared to the previous quarter but down 36% compared to the same period in 2021. The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. billion in the same period of 2021. billion in Q1 2022 to $9.2

Business 431

Business Mortgage Lending Retail 431

Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. The complaint, filed in federal court in the U.S.

Advertising 379

Advertising Lending Modernization Investing 379

Housing Wire

MARCH 17, 2023

Future development projects will follow this collaborative approach with our clients and strategic partners. The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. In August 2021, Candor raised $12.5

Mortgage 369

Mortgage Clients Technology Development 369

Housing Wire

SEPTEMBER 6, 2022

compared to the same period in 2021. In August 2021, Citi hired Liz Bryant as head of retail mortgage sales directly from Wells Fargo , the top depositary bank by origination volume in the U.S. . The bank funded $16 billion in residential mortgages from January to June, a decrease of 5.9% JPMorgan Chase and U.S.

Mortgage 384

Mortgage Retail Lending Finance 384

Housing Wire

AUGUST 30, 2021

million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods. Specifically, Cadence will provide $4.17

Lending 397

Lending Loan Officers Advertising Development 397

Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. for Planet Home Lending, will focus on increasing market share by adding branches and loan originators. Edelen most recently was a regional sales manager at Nations Lending.

Marketing 409

Marketing Real Estate Agent Lending Real Estate 409

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 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. KBRA Analytics’ acquisition of DLD closed quietly on Aug.

Lending 370

Lending Finance Investors Clients 370

Housing Wire

MAY 9, 2022

a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021 , is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. The list includes top executives, such as lending directors and vice presidents for credit and underwriting. California-based Owning Corp.,

Human Resources 397

Human Resources Lending Retail Mortgage 397

Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7 billion (£3.7

Finance 370

Finance Marketing Lending Inventory 370

Housing Wire

JULY 11, 2022

“We intend to change how lending is going to be done fundamentally – behavior, market dynamics, products,” Kumar said. ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans. .” She most recently served as chief operating officer for loanDepot.

Mortgage 368

Mortgage Architecture Technology Clients 368

Housing Wire

SEPTEMBER 25, 2023

These benefits will allow users to establish proactive margin management processes and remain competitive in any market environment,” Brandonn Dukes, EVP of real estate and consumer lending at Curinos, said in a statement. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

Technology 383

Technology Insurance Mortgage Lending 383

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. in 2021 to $433 billion. billion in home improvement projects.

Renovations 415

Renovations Home Improvement Marketing Finance 415