Housing Wire

JANUARY 11, 2024

When [RMF] defaulted on its obligations, GNMA exercised its right to extinguish RMF’s interest in certain mortgages in order to ensure the timely payment to investors in securities backed by those mortgages,” the filing reads. Department of Housing and Urban Development (HUD)], stated that FHA disagrees with Ginnie Mae’s position.”

Lending 424

Lending Government Legal Law 424

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. After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. After posting production volume of $148.76

Retail 382

Retail Mortgage Loan Officers Lending 382

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

OCTOBER 11, 2022

The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties.

Mortgage 382

Mortgage Investors Investing Lending 382

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 414

Mortgage Clients Lending Investors 414

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 370

Mortgage Technology Lending Modernization 370

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 414

Housing Market Marketing Contracts Finance 414

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez.

Loan Officers 404

Loan Officers Mortgage Finance Lending 404

Housing Wire

MAY 17, 2022

Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

Logistics 370

Logistics Legal Investors Technology 370

Housing Wire

MAY 24, 2021

The company says the round is the largest Series A for a New England fintech and it plans to use the capital to double or even triple its staff by the first quarter of 2022. “We COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”.

Technology 414

Technology Lending Investors Modernization 414

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

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lending.

Loan Officers 457

Loan Officers Lending Real Estate Brokerage 457

Housing Wire

JULY 31, 2022

As of January 2022, 92% of all eNotes registered with MERS were created and registered with Wolters Kluwer technology. In anticipation of the shifting market conditions and the expected growth of home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for Real Estate Finance.

Lending 370

Lending Technology Real Estate Government 370

Housing Wire

MARCH 10, 2023

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022. billion fourth-quarter 2022 volume of HELOC loans was down 17% from $72.3

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. And investor guidelines are continually evolving. annual increase.

Marketing 393

Marketing Investors Technology Loan Officers 393

Housing Wire

SEPTEMBER 12, 2023

About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties.

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

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 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 370

Marketing Retail Lending Mortgage 370

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending.

Mortgage 382

Mortgage Loan Officers Retail Technology 382

Housing Wire

APRIL 13, 2022

In the mortgage market of 2022, using technology to create operational efficiencies will be key, executives said at the conference in Vegas. We’ve made a lot of progress,” said Thomas Wind, executive vice president of consumer lending at the U.S. I like to think of it as ultimately the investor is the finance company,” Woodring said.

Mortgage 404

Mortgage Technology Development Finance 404

Housing Wire

MARCH 22, 2023

Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. In addition, the stress on smaller banks may result in tightening lending standards, requiring fewer rate hikes from the Fed to cool down the economy and combat high inflation.

Lending 404

Lending Housing Market Mortgage Marketing 404

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. ” 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 302

Sellers Investors Valuation Finance 302

Housing Wire

JUNE 14, 2023

The Federal Open Markets Committee (FOMC) has decided to pause its rate hikes in June after data that pointed to cooling inflation and the need to assess how much banks have slowed down their lending due to the recent tumult in the sector. However, 60% of these investors bet officials will impose a rate hike at the July 26 meeting.

Mortgage 382

Mortgage Real Estate Investors Marketing 382

Housing Wire

JULY 6, 2023

Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary. Just because there’s vacant homes in the U.S.

Inventory 457

Inventory Renovations Real Estate Government 457

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. That was a favorable development,” Deitch said. Mauro Guzzo, founder and executive chairman at brokerage firm Guzzo & Co, said he has not seen lenders further tightening lending conditions since last week.

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. Over time, we expect to diversify our revenue streams.”

Mortgage 393

Mortgage Marketing Human Resources Clients 393

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. It also allows home sellers to receive top dollar for the home, he said. Tozer suggested “a fee of 1.3%

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

JUNE 9, 2022

Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. The good news, according to both Toohig and Yoon, is that in the second quarter of 2022, so far, the extreme rate volatility has abated.

Marketing 382

Marketing Contracts Technology Mortgage 382

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We are going to pursue the investor niche aggressively, meeting very specific realtors.

Lending 393

Lending Real Estate Agent Loan Officers Retail 393

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do?

Business 393

Business Appraisal Real Estate Agent Clients 393

Housing Wire

AUGUST 1, 2023

In the purchase market, there are a lot of times people want that more personal touch, you need to be developing relationships with Realtors, and that can be much more difficult to do at scale,” he said. United Wholesale Mortgage , which surpassed it as the top mortgage lender in America in Q3 2022, originated $19.2

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. What tools and services investors should use if they want to get into owner financing. What to expect in the real estate market at the end of 2022.

Finance 36

Finance Investing Real Estate Lending 36

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.

Law 370

Law Mortgage Legal Finance 370

Listing Spark

AUGUST 11, 2022

For those that haven’t been a real estate investor before, hard money lending may be confusing. We’ll dive into hard money lending with Romney Navarro, CEO of Streamline Funding which is a Texas-based private lending company. Romney says that if you’re a first time investor or new builder, you need to find a partner.

Real Estate 36

Real Estate Investors Lending Investing 36

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. Tomo has a big opportunity – Freddie Mac expects purchase originations in 2021 and 2022 to approach about $3.6 It’s early.

Lending 442

Lending Real Estate Real Estate Agent Modernization 442

Housing Wire

APRIL 24, 2024

“Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” We embraced the cloud much earlier than our peers.

Technology 390

Technology Lending Investing Contracts 390