Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). In 2021, when the refi business was strong, loanDepot produced $137 billion in loans. But in 2022, the lender originated just $53.7

Insurance 369

Insurance Investors Real Estate Mortgage 369

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

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Modernization Mortgage Lending Investors 369

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”. million profit during the same period in 2021.

Investors 417

Investors Brokerage Valuation Mortgage 417

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. Investors looking to support low-income families would not purchase the lender’s loans if they knew they were provided to wealthy individuals or celebrities, the lawsuit states.

Investors 368

Investors Law Insurance Lending 368

Housing Wire

SEPTEMBER 10, 2021

Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors. It also launched its lending division, Orchard Home Loans, in July. Its rival, Knock , shifted its focus to lending around the same time.

Lending 406

Lending Insurance Investors Real Estate 406

Housing Wire

JULY 19, 2021

Blend’s investors are apparently convinced that the company can radically transform lending, simplifying and digitizing regimented-but-clumsy processes that are still rather paperwork-heavy. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal).

Insurance 383

Insurance Investors Technology Real Estate Agent 383

Housing Wire

FEBRUARY 4, 2021

Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said. “We Strategies lenders should adopt from direct to consumer lending. Sign up here.

Legal 454

Legal Investors Lending Finance 454

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. billion in loan volume between June 2020 and June 2021. The holding company will invest in finance, insurance, and real estate businesses.

Mortgage 368

Mortgage Investors Investing Technology 368

Housing Wire

FEBRUARY 10, 2022

The company’s total revenue for 2021 was up 30% from 2020 to a record of $9.2 Despite this increase, First American’s newly appointed CEO , Ken DeGiorgio, said on an earnings call with investors that everyone at the company is proud of these achievements. billion, with $2.4 billion earned during the fourth quarter.

Insurance 394

Insurance Investing Inventory Business 394

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.

Insurance 363

Insurance Investors Design Finance 363

Housing Wire

APRIL 29, 2021

Despite 2020’s pause in originations and securitizations, the 2021 outlook for non-QM lending is promising. Investors are returning to the space with more confidence, and new investors like private equities and insurance companies are showing interest. There are also increased opportunities for non-QM originations.

Lending 369

Lending Investors Insurance Marketing 369

Housing Wire

AUGUST 24, 2023

The deal with Aurora was announced in May 2021, when historically low-interest rates boosted a SPAC mania in the U.S. At that time, the company was valued by its investors at $7.7 For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace.

Insurance 370

Insurance Mortgage Realtors Business 370

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Formerly known as Arcus Lending , InstaMortgage originated about $800 million in volume last year and All Cal notched about $300 million in origination volume in 2021.

Retail 424

Retail Loan Officers Brokerage Technology 424

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

JULY 6, 2021

billion following a Series G funding round from Tiger Global Management and others in January 2021. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. .” After filing confidentially for its listing in April, Blend was last valued at $3.3

Technology 383

Technology Mortgage Valuation Insurance 383

Housing Wire

AUGUST 19, 2021

million operational loss for the second quarter of 2021, its first as a publicly traded company. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm. Blend is projecting between $226 million and $232 million in revenue for 2021. Revenue ticked up to $32.1 a share.

Insurance 370

Insurance Retail Clients Technology 370

Housing Wire

JULY 19, 2022

Although investors have poured an increasing amount of money into fintechs — $1.7 billion in 2021, up from $0.4 Agencies with existing fintech offices include the Federal Deposit Insurance Corporation , the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau.

Mortgage 383

Mortgage Finance Technology Legal 383

Housing Wire

NOVEMBER 10, 2021

The business’s losses total $421 million in the first nine months of 2021. The CEO spoke very broadly to investors and the public: “We’re in a generational shift in housing from offline to online.”. Analysts have cited in-house mortgage lending and title insurance as a possible iBuyer move toward making money.

Housing Market 363

Housing Market Market Value Insurance Lending 363

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

Mortgage 383

Mortgage Retail Finance Investors 383

Housing Wire

JULY 27, 2021

trillion in origination volume and a continuation of tight lending spreads. Then, by late Q1/early Q2 2021, pricing wars were erupting in various channels, margins were falling (rapidly), and the industry was getting ready for a decrease in lending activity in the back half of the year. We got the exact opposite.

Mortgage 383

Mortgage Technology Lending Clients 383

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. ” Just a little less vanilla. and Sprout Mortgage.

Mortgage 395

Mortgage Loan Officers Finance Investors 395

The Robert Weiler Company

JANUARY 2, 2021

Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. The contract is essentially a seller-financed lending agreement for the purchase of a property, which requires the buyer to pay monthly installments until a balloon payment is due. What Is a Land Contract?

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. fund called Archegos Capital Management. In addition, U.S.

Supply Chain 394

Supply Chain Mortgage Investors Business 394

Housing Wire

MARCH 29, 2022

Two other companies have announced the product since December, including Miami-based digital lender Milo and Toronto-based cryptocurrency lending platform Ledn. Cagney has talked to investors to assess their appetite for crypto-backed mortgages in the secondary market, mainly insurance companies and banks.

Mortgage 383

Mortgage Technology Architecture Insurance 383

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 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. of the U.S. population. An army of door-knockers.

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Law Mortgage Legal Finance 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.

Insurance 395

Insurance Lending Realty Finance 395

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.

Mortgage 370

Mortgage Real Estate Investing Technology 370

Housing Wire

DECEMBER 20, 2021

Black Knight data shows that roughly 450,000 forbearance plan expirations are expected to occur through the end of 2021, representing more than a third of active plans. in November 2021, down from 14.8% States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Department of Labor.

Mortgage 391

Mortgage Government Contracts Insurance 391

Housing Wire

APRIL 5, 2022

500 million in Metaverse purchases in 2021 says that, yes, the demand is there. Lending is lending. Note that in 2021, the largest purchase of virtual real estate was a single transaction for $4.3 Section G: We already ruled out homeowners insurance and included mortgage insurance.

Real Estate 529

Real Estate Mortgage Property Taxes Law 529

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, They’re not doing the lending that they were, and I think that is a tailwind for us. billion, up from $2.1

Business 369

Business Lending Investors Finance 369

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Arch Mortgage Insurance Company. Aslan Home Lending. VP, Investor Relations. Planet Home Lending. The post Introducing the 2021 HW Insiders appeared first on HousingWire. Chris Favilla. Head of Operations. Howard Hanna. David Sheeler. LoanLogics.

Technology 383

Technology Human Resources Finance Retail 383

Housing Wire

MARCH 23, 2023

In the mortgage space, warehouse lending is a very lucrative business for the banks, so in general they’ll want to keep warehousing lending, maybe over other types of lending,” said Brian Hale, founder and CEO of consulting firm Mortgage Advisory Partners.

Lending 417

Lending Investing Insurance Mortgage 417

Housing Wire

JUNE 21, 2022

Investors provide capital necessary for many families to fulfill their aspirations of living in a house whether renting or owning. How can investors help with homeownership? Let’s switch gears and consider how investors help with home ownership. of all flipped homes in Q3 2021 went to FHA buyers. were built before 1980.

Investors 407

Investors Renovations Inspection Government 407

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. billion in 2021 and closer to the level of 2019, when lenders originated $389.3 A tough moment for banks Originating jumbos became trickier in the wake of the 2020-2021 refi boom.

Insurance 369

Insurance Mortgage Clients Lending 369

Housing Wire

FEBRUARY 14, 2024

The rapid collapse of four regional banks that began last March shocked regulators and investors alike. Since the Federal Deposit Insurance Corporation (FDIC) insures only up $250,000, the banks’ wealthier customers panicked and demanded all of their money immediately. By the end of Feb.

Mortgage 435

Mortgage Real Estate Insurance Tenants 435

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. A handful of vendors made strategic acquisitions and acquisitions for capitalization in the fall of 2021.

Mortgage 382

Mortgage Technology Loan Officers Investing 382

Housing Wire

NOVEMBER 12, 2020

You can understand Jay Farner’s frustration: Rocket Companies just had the most productive quarter in the history of residential mortgage lending. It also inked several partnerships that could boost its purchase business, something analysts and investors have said they want to see in order to justify long-term forecasts.

Investors 427

Investors Marketing Mortgage Insurance 427