Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

Lending 350

Lending Realtors Retail Mortgage 350

Housing Wire

NOVEMBER 16, 2023

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners. Dark Matter Technologies, under Constellation Software ‘s umbrella, is also focused on working towards a smooth transition over to Constellation with its 1,300-plus employees for the remainder of 2023.

Technology 379

Technology Lending Development Mortgage 379

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. Congratulations to the 2023 HW Insiders! This year 75 honorees were honored as HW Insiders. This year 75 honorees were honored as HW Insiders.

Technology 426

Technology Development Real Estate Realty 426

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Starting March 1, 2023, servicers will be required to maintain data on borrowers’ age, race, ethnicity, gender and preferred language.

Lending 357

Lending Finance Loan Officers Legal 357

Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We

Loan Officers 364

Loan Officers Mortgage Development Lending 364

Housing Wire

JANUARY 2, 2024

2023 is in the rearview mirror — a year of tumult, reduced volume and a wave of industry exits and consolidations. However, the business continued to feel the ongoing impact of RMF’s collapse throughout 2023, and it will likely persist well into the new year.

Mortgage 354

Mortgage Government Business Lending 354

Housing Wire

JUNE 14, 2024

She will now oversee all aspects of the company’s enterprise development team, which is expanding as Incenter seeks to create new solutions and bolster competitive advantages for its clients. “I Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions.

Property Taxes 331

Property Taxes Clients Development Insurance 331

Housing Wire

APRIL 24, 2023

But, how you structure those agreements and the partnership you develop can make a big impact on how that service thrives. Outside his role at TMS, Lykken is also the host of two podcasts: “Lykken on Lending,” and “Lykken on Leadership.” Anyone interested in attending DealMakers must reserve a VIP ticket.

Real Estate 308

Real Estate Brokerage Valuation Insurance 308

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. Congratulations to the 2023 Women of Influence winners.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

MARCH 13, 2024

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. million in volume in 2023, while its wholesale reverse origination volume was $36.8

Mortgage 351

Mortgage Lending Retail Investing 351

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 333

Investing Mortgage Lending Loan Officers 333

Inman

MARCH 15, 2023

Builder confidence rose 2 points in the latest National Association of Home Builders' Housing Market Index, but economists fear lending challenges in the wake of bank failures this month.

Lending 128

Lending Development Housing Market Marketing 128

Housing Wire

FEBRUARY 12, 2024

Stratmor Group served as the adviser to AFR for the deal, which was announced in August 2023 and completed on Feb. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. AFR offers agency, nonagency and government lending products. residential mortgage market and housing-related assets.

Lending 338

Lending Renovations Construction Finance 338

Housing Wire

MARCH 8, 2024

“The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” trillion in residential mortgage debt as of first-quarter 2023. And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. in Q2 2023.

Real Estate 453

Real Estate Insurance Lending Retail 453

Housing Wire

AUGUST 16, 2023

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit. HW: Knowing that there is still demand out there for mortgages, what can lenders do to make the second half of 2023 a better one?

Inventory 325

Inventory Lending Mortgage Insurance 325

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. HousingWire: How do you view the lending landscape for 2024? The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier.

Lending 345

Lending Development Investors Finance 345

Housing Wire

JANUARY 11, 2024

These include TCB’s assertion that in March 2023, “the FHA’s current Commissioner, who also holds the title of Assistant Secretary of Housing And Federal Housing Commissioner at [the U.S. Department of Housing and Urban Development (HUD)], stated that FHA disagrees with Ginnie Mae’s position.” 17, 2024.”

Lending 382

Lending Government Legal Law 382

Housing Wire

FEBRUARY 1, 2024

Judd and Aaron’s respective leadership is key as we continue on EasyKnock’s path to develop the first marketplace in the industry,” Jarred Kessler, CEO and founder of EasyKnock, said in a statement. In May 2023, the company gobbled up Ribbon , a power buyer firm.

Technology 358

Technology Development Brokerage Design 358

Housing Wire

FEBRUARY 21, 2024

Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023. He also previously served as a reverse mortgage consultant for Security One Lending in the early 2010s. “I

Mortgage 375

Mortgage Loan Officers Clients Lending 375

Housing Wire

MARCH 12, 2024

The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations.

Technology 354

Technology Retail Lending Design 354

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 382

Lending Mortgage Development Business 382

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Kim: One of NAF’s priorities is on lending to the Hispanic community.

Retail 306

Retail Business Agents Loan Officers 306

Housing Wire

MAY 2, 2024

His portfolio is concentrated on purchase loans (98% of the total volume in 2023) for first-time homebuyers. Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. .” According to Scotsman Guide , Potempa was the No.

Loan Officers 395

Loan Officers Mortgage Retail Lending 395

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Business 381

Business Investors Finance Home Improvement 381

Eyes on Housing

MAY 26, 2023

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 104

Construction Development Finance Mortgage 104

Eyes on Housing

NOVEMBER 29, 2023

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the third quarter of 2023 as interest rates increased and financial conditions tightened. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions declined by 2.8% during the third quarter.

Lending 97

Lending Construction Insurance Development 97

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. A total of 242 senior executives from 219 lending institutions completed the survey between Aug.

Technology 359

Technology Lending Valuation Mortgage 359

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Technology 394

Technology Lending Government Legal 394

Housing Wire

JULY 12, 2023

Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. mortgage lender in the first quarter of 2023, per Inside Mortgage Finance (IMF) estimates. division, to Summit. The company originated $4.1 quarter over quarter.

Retail 369

Retail Development Finance Lending 369

Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. lender in the nine first months of 2023, originating $6.5 In the mortgage space, TD Bank was a top-35 U.S. New York, Miami and Philadelphia markets.

Investing 337

Investing Lending Finance Business 337

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. According to the most recent annual report to Congress by the U.S. That’s not saying all that much. A sleeping giant?

Mortgage 355

Mortgage Loan Officers Lending Business 355

Housing Wire

JUNE 7, 2024

HMAC) over the alleged poaching of both key personnel and a wholesale lending brand, issued a statement this week that called the allegations “baseless” and added that any employment changes have been made “independently and lawfully.” In January 2023, Turturro’s compensation plan with HMAC changed to include control over another division.

Law 332

Law Mortgage Lending Development 332

Housing Wire

FEBRUARY 6, 2024

Lending discrimination violates the law and harms communities and entire families for generations,” Attorney General Merrick Garland said in a statement. In 2023, the bank originated about $2.3 The bank committed to opening three new branches in these neighborhoods and hiring a director of community lending.

Advertising 376

Advertising Lending Loan Officers Law 376

Housing Wire

JANUARY 12, 2024

The company later told RMD, however, that the loan was within current product lending limits. Existing mortgage troubles However, the foundation later returned the home to the Conleys in mid-2023, citing the existing mortgages as “encumbrances” that diminished the foundation’s ability to accomplish its grant-giving goals.

Tools 366

Tools Mortgage Finance Lending 366

Housing Wire

FEBRUARY 2, 2024

The rule, originally proposed in March 2023 , takes into consideration stakeholder comments. Department of Housing and Urban Development (HUD) is not reducing its oversight of the housing finance ecosystem, the notice said. The National Reverse Mortgage Lenders Association (NRMLA) distributed a member alert on Friday with the news.

Mortgage 422

Mortgage Finance Insurance Lending 422

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 348

Lending Finance Development Business 348

Housing Wire

DECEMBER 23, 2022

Department of Housing and Urban Development (HUD), but did not take further action. “The Associate Director of FHFA’s Office of Fair Lending Oversight informed us that the Agency does not file complaints with the state licensing authorities and has no policy in place on the subject,” the report said.

Appraisal 363

Appraisal Lending Law Finance 363