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.

Law 417

Law Legal Valuation Government 417

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 417

Mortgage Loan Officers Lending Human Resources 417

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? In 2021, S&P Global estimated non-QM volume reached $28.6 It’s not subprime lending. Scaling is hard.”.

Lending 381

Lending Investors Mortgage Clients 381

Housing Wire

JUNE 8, 2022

“We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

Development 364

Development Finance Government Lending 364

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

Training 287

Training Technology Real Estate Valuation 287

Housing Wire

NOVEMBER 17, 2022

But, to date, it’s not been altered,” said Michael Carnes, managing director of the MSR Valuation Group at the Mortgage Industry Advisory Corporation (MIAC). This is predominantly for the 2020 and 2021 origination, as we are still not seeing a significant amount of the 6% product trading.” “What was a 5.5

Marketing 412

Marketing Lending Mortgage Valuation 412

Appraisal Buzz

JULY 11, 2022

Part one of this series on the subject of Appraisal Review provided an overview of the risk management concepts used by many lenders today to manage risk associated with real estate lending. But any expectation that such a robust tool can be developed and utilized effectively is neither feasible nor plausible.

Tools 195

Tools Appraisal Development Real Estate 195

Housing Wire

FEBRUARY 18, 2022

This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .

Training 382

Training Valuation Appraisal Real Estate 382

Housing Wire

OCTOBER 13, 2021

Year over year, home lending at the bank rose 27.3%. This is perhaps the most notable development since the second quarter of 2021 saw key players in the mortgage banking space such as loanDepot , United Wholesale Mortgage, and Better.com , report declines in their GOS margin- a sign that the refi wave was likely nearing its end.

Supply Chain 351

Supply Chain Mortgage Retail Valuation 351

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.

Insurance 407

Insurance Appraisal Development Lending 407

Housing Wire

JANUARY 22, 2021

It officially merged on Thursday with special purpose acquisition company Gores Holdings IV , giving the combined company a valuation of $16.1 The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare. Presented by: Black Knight.

Mortgage 518

Mortgage Technology Investors Business 518

Housing Wire

OCTOBER 14, 2022

Now retired, Mohtashami has years of direct lending experience and his astute analysis of economic data allows him to present a unique, informed and unbiased perspective on the financial markets. She was also named a 2021 HousingWire Woman of Influence. economy and specializes in the housing market.

Housing Market 474

Housing Market Marketing Real Estate Finance 474

Housing Wire

JULY 19, 2021

Shares closed trading at $20.90, giving Blend a valuation of around $4.6 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. “So, the roadshow was very, very well received.”

Insurance 383

Insurance Investors Technology Real Estate Agent 383

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The regime has limited its accountability and enforcement systems.

Government 370

Government Appraisal Reconsideration of Value Lending 370

Housing Wire

FEBRUARY 7, 2023

“For these reasons, the enterprise should not accept MSR valuations provided by seller/servicers without an independent evaluation.” ” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development.

Sellers 304

Sellers Investors Valuation Finance 304

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What?

Appraisal 103

Appraisal Contracts Market Value Clients 103

Clear Capital

OCTOBER 27, 2021

National real estate valuation technology company well-positioned to experience continued growth in 2021. October 26, 2021 — Clear Capital, a national real estate valuation technology company, today announced it has hired more than 350 people so far in 2021, with 170 jobs currently open and accepting applications.

Valuation 69

Valuation Real Estate Technology Tools 69

Housing Wire

DECEMBER 1, 2021

See below for the full list of HousingWire’s 2021 Tech Trendsetters, and click through for the profiles of each honoree. Senior Director of Software Development. President, Anow & Valuation Software. VP, Product Development. Synergy One Lending. Company Name. Abe Kuruvilla. Chief Information Officer.

Technology 446

Technology Development Realty Valuation 446

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.

Appraisal 99

Appraisal Marketing Market Value Development 99

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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Marketing Real Estate Agent Real Estate Appraisal 300

Housing Wire

FEBRUARY 23, 2022

The Consumer Financial Protection Bureau (CFPB) announced Wednesday that it may propose a rule to regulate the use of automated valuation models (AVMs) by lenders and appraisers. The government watchdog is concerned that automated valuation models may reflect bias in design and function. CFPB Director Rohit Chopra disagrees. “It

Valuation 383

Valuation Law Finance Development 383

McKissock

MAY 13, 2022

” in which Crawford discusses possible pitfalls of desktop appraisals and the lack of USPAP instructors in 2020 and 2021: 2. On the podcast’s website, Owen states, “My goal in this podcast is to help you to see real estate and valuations in a new light, and to understand a little more about real estate and valuation.”

Real Estate 104

Real Estate Appraisal Appraisal Tips Home Value 104

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Aslan Home Lending. VP, Learning and Development. SVP, Non-QM Business Development & Production. EVP, Business Development. Planet Home Lending. Class Valuation. VP, Product Development. Chris Favilla. Head of Operations.

Technology 369

Technology Human Resources Finance Retail 369

Housing Wire

APRIL 9, 2024

Fannie Mae this month issued a recent progress report on its ongoing effort to scan appraisal reports for “prohibited or subjective language,” updating stakeholders on a process that began in 2021 to rid appraisal reports and valuation decisions of verbiage that could be construed as contributing to appraisal bias.

Appraisal 434

Appraisal Valuation Law Lending 434

Housing Wire

OCTOBER 1, 2021

Class Valuation. EVP, Chief Business Development and Brand Officer. Planet Home Lending. The post Introducing the 2021 HousingWire Vanguards appeared first on HousingWire. Joe Tyrrell. ICE Mortgage Technology. Founder & CEO. Total Expert. John Berkowitz. Co-Founder and CEO. John Fraas. John Hedlund. John Paasonen.

Finance 416

Finance Technology Legal Mortgage 416

Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. Technology impacts.

Valuation 370

Valuation Development Technology Appraisal 370

Housing Wire

SEPTEMBER 23, 2021

After a stint on medical leave, she resigned in March 2021. Department of Housing and Urban Development and Mike Linton, marketing expert who currently serves as chief revenue officer at genomics firm Ancestry , The company was trading at $6.98 late Thursday afternoon, with a valuation of $2.1

Development 101

Development Retail Law Mortgage 101

McKissock

SEPTEMBER 7, 2021

I) Relaxing of lending standards and predatory lending activity (non-prime is just another word for sub-prime). have experienced “over-valuations” nearing 30%. Learn more in our free guide, The ROI of Professional Development for Appraisers. Recently various areas across the U.S. in the past year.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Housing Wire

OCTOBER 4, 2022

The Department of Housing and Urban Development (HUD) back in April said it would be taking a hard look at small balance mortgages, which typically have balances less than $200,000 and are hard to find. The Urban Institute in 2021 found that only one in four low-cost homes sold was likely to be financed with a mortgage.

Mortgage 390

Mortgage Government Lending Finance 390

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). Was it the borrower?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

NOVEMBER 5, 2021

Underwriters rely on appraisal and valuation professionals. Panelists: Kenon Chen, Executive Vice President, Corporate Strategy, Clear Capital Rachel Robinson, Director, Collateral Policy and Product Development, Rocket Mortgage Sarah Wheeler, Editor in Chief, HousingWire. Break Out: The Future of Valuations. All Things Housing.

Real Estate 358

Real Estate Valuation Real Estate Agent Development 358

Housing Wire

AUGUST 18, 2022

Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk. Ginnie Mae first proposed the risk weight for mortgage servicing rights in July 2021, when it sought input from industry stakeholders. government.

Government 406

Government Mortgage Business Valuation 406

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Andy Higginbotham, chief operating officer of Freddie Mac’s Single-Family business, said the partnership with Blend was a natural choice as both companies hone in on consumers demand for a fully digital lending experience.

Mortgage 251

Mortgage Lending Investors Clients 251

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. federal government. Within the congressional justifications for the U.S. HUD is requesting $2.5

Mortgage 401

Mortgage Insurance Training Government 401

Housing Wire

AUGUST 21, 2023

Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. Miami-based Marketwise Valuation Services , another AMC, was No.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. Very comprehensive. I have been hearing rumors for years about GSE complaints.

Appraisal 68

Appraisal Real Estate Contracts Reconsideration of Value 68

McKissock

DECEMBER 28, 2021

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Paul, Minn.).

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96