Housing Wire

APRIL 16, 2021

billion valuation. 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. The digital lending software provider has even been breaking into adjacent businesses of late. That January round gave Blend a $3.3 In all, its technology platforms saw $1.4

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Valuation Technology Lending Mortgage 309

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

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. billion following a Series G funding round from Tiger Global Management and others in January 2021. That acquisition cost roughly $422 million.

Technology 383

Technology Mortgage Valuation Insurance 383

Housing Wire

AUGUST 26, 2021

Stewart has been on an acquisition tear in the past 18 months, closing deals to acquire over a dozen companies — including Cloudvirga , NotaryCam , Pro Tek Valuation Intelligence , United States Appraisals , and A.S.K. It claims to have more than 3,000 customers in lending and real estate. Services , just in March. million at $3.50

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Real Estate Valuation Investing Tools 395

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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Insurance Appraisal Development Lending 407

Valuation Review

OCTOBER 13, 2021

Williston Financial Group (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, released the findings of its 2021 survey of WFG Executive Roundtable members and other industry leaders.

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Housing Wire

JANUARY 25, 2023

Wells Fargo officials have not commented on the rumors, so speculation is likely to persist over whether the lending giant is about to launch a potentially market-disrupting MSR offering. billion as of end of 2021 to $608.2B That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however.

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Buyers Investing Mortgage Marketing 381

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

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.

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Mortgage Government Contracts Insurance 391

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

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Valuation Law Finance Development 383

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.”

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Arch Mortgage Insurance Company. Aslan Home Lending. Planet Home Lending. Class Valuation. The post Introducing the 2021 HW Insiders appeared first on HousingWire. Chris Favilla. Head of Operations. Executive Vice President of Administration.

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Technology Human Resources Finance Retail 383

McKissock

JULY 23, 2021

For a deeper dive into this topic, join us for a one-hour, non-credit Pro-Series webinar on Wednesday, August 11, 2021, “Exposure and Marketing Time in Focus – A Closer Look.” Exposure time plays a more significant role in appraisals developed for lending purposes than marketing time.

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Appraisal Marketing Market Value Development 99

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%. Foreclosures became commonplace, flipping fraud cases were exposed, and the sins of predatory lending became apparent. in the past year. Obvious signs.

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Marketing Real Estate Appraisal Inventory 71

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 393

Housing Wire

MARCH 12, 2024

million to fund a training grant that would, in part, “enable specialized training that will prepare counselors to support expanded HECM counseling and to better understand property valuation bias so that they can effectively counsel clients on this topic,” according to congressional justifications for the budget. HUD is requesting $2.5

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Mortgage Insurance Training Government 413

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.

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Government Mortgage Business Valuation 406

Housing Wire

SEPTEMBER 9, 2021

How fine-tuning MSR valuations can help lenders improve decision-making. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. Mortgage rates have struggled to reach 3% for most of 2021, despite predictions. from 11.2%.

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Mortgage Home Value Valuation Inventory 469

Housing Wire

AUGUST 23, 2021

LRES Corporation , a California-based REO and valuation services company , has inked a deal to acquire Keystone Asset Management , a REO property management firm that also offers related services. Its services include property valuation, REO asset management, property preservation, property tax consulting and home insurance.

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Valuation Property Taxes Property Management Real Estate 345

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. Halbrook said. “I

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Mortgage Technology Loan Officers Investing 382

Housing Wire

FEBRUARY 14, 2024

Since the Federal Deposit Insurance Corporation (FDIC) insures only up $250,000, the banks’ wealthier customers panicked and demanded all of their money immediately. When interest rates shot up, their customers needed cash at the same time that the banks’ assets became less valuable.

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Mortgage Real Estate Insurance Tenants 435

Housing Wire

APRIL 20, 2021

The MBA fears that limit could be an issue for lenders given the higher activity in those loans since the start of 2021. “It ” Fercho, the head of home lending at Wells Fargo, asked Calabria about the 7% hard cap and what stakeholders can do now before any new amendments are put into place. Those forbearances peaked at 2.1

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Finance Investing Lending Legal 527

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. To 2021 and beyond.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Housing Wire

MARCH 9, 2021

Most agree that in 2021, we will not match the astronomical origination volume seen in 2020. 2021 could still be a very good year for prepared businesses. How hybrid title and valuations help increase lending efficiency. It’s also a selling point to your potential lending clients. But not everyone will be prepared.

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Marketing Technology Lending Business 437

Housing Wire

JUNE 27, 2022

About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. Compared with 2021, origination volume is expected to drop 40% from last year’s $4 trillion origination volume. I don’t think it’s a win for anyone on the lending side.

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Housing Market Marketing Brokerage Real Estate 437

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

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Insurance Appraisal Contracts Mortgage 79

Will Springer Realtor

FEBRUARY 6, 2024

Redlining, which denied loans or insurance to certain neighborhoods based on racial composition, cast a long shadow for decades over Black communities and the residents chasing homeownership. Between 2000 and 2021, Harvard researchers noted , the number of high-poverty census tracts in the U.S.

Real Estate 54

Real Estate Development Legal Valuation 54

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. But if for lending, it might be rejected on review by GSE computers or humans.

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Appraisal Construction Contracts Architecture 78

Simonson Real Estate

APRIL 26, 2021

Over the past few years, Simonson Appraisals has provided valuations for many dollar store properties across Minnesota and North Dakota — primarily Dollar General. Our solution combines statistical analysis of the data we’ve compiled through careful study of the relationships to lend support for our conclusions. Market Research.

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Marketing Tenants Real Estate Valuation 78

Simonson Real Estate

JANUARY 23, 2020

Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors. General valuation trend – seeing higher prices and compressed cap rates. New Supply.

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Real Estate Tenants Retail Valuation 78

McKissock

DECEMBER 3, 2021

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry. The task force itself does not have the authority to pass laws or promulgate regulations.

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Appraisal Process Law Property Appraisal Government 80

Housing Wire

NOVEMBER 4, 2022

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. At least 137,000 of those borrowers have FHA-insured loans. FHA’s Mutual Mortgage Insurance Fund (MMI Fund) is there to be the primary buffer against these inevitable shifts in housing and the economy.

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Insurance Mortgage Development Valuation 408

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Insurance Modernization Lending Mortgage 370