Housing Wire

JUNE 7, 2024

Legal and financial troubles are piling up for mortgage fintech lender LoanSnap , with the company having been recently evicted from its headquarters in Southern California. In May 2022, it launched a cloud-based portal, LoanFlow , that gives mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Housing Wire

MAY 28, 2024

Ocwen Financial Corp , the parent company of PHH Mortgage Corp. and its reverse mortgage subsidiary Liberty Reverse Mortgage , announced on Tuesday that its shareholders have approved the company’s planned rebranding initiative to Onity Group. Shareholders do not need to take any action, the company said.

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Housing Wire

OCTOBER 5, 2023

Industry-leading lender Movement Mortgage will become an “early adopter” of FICO Score 10 T, the updated credit scoring model designed to take advantage of trended data information to help expand mortgage approval rates.

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Appraisal Buzz

APRIL 10, 2024

Rocket Mortgage has rolled out an artificial intelligence (AI)-driven technology platform designed to make homeownership simpler and quicker. Through Rocket Logic, homebuyers spend less time answering questions and confirming details for mortgage bankers. Rocket Logic is also highly scalable.

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Housing Wire

MAY 17, 2024

The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone seeking to do business with FHA, to obtain a Unique Entity Identifier (UEI) in order to be eligible for such business. The GSA is a wing of the U.S. The rule is effective immediately.

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Housing Wire

JANUARY 29, 2024

Career Mentor Connect offers live, online webinars are designed to provide a head start on your career. Check out the Utah Division of Real Estate and the Utah Association of REALTORS for up-to-date information about getting licensed and joining a brokerage in Utah in 2024. out of 5 stars Rating: 4.5 out of 5.

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Housing Wire

JANUARY 29, 2024

Despite looking a bit different at the end of 2023, there were a lot of similarities in the full-year Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) issuance tables when compared to recent years. FAR Longbridge +1 3 PHH Mortgage 16.3% PHH Mortgage TMAC +2 6 Guild Mortgage 2.7% MAM Plaza +1 9 Sun West 0.5%

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Housing Wire

JUNE 11, 2024

Developed over the past two years, the newly rebranded Flyhomes portal is proprietary technology that was designed under the guidance of ZeroDown co-founders Laks Srini and Abhijeet Dwivedi, who have joined Flyhomes as chief technology officer and chief growth officer, respectively. How does the job market here compare to other cities?”

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Appraisal Buzz

APRIL 10, 2024

Fannie Mae is selling a pool of approximately 1,205 deeply delinquent mortgages totaling $221.9 Bids are due on the one large pool by May 2, 2024, and on the CIP by May 16, 2024. million in unpaid principal balance (UPB) and a community impact pool (CIP) totaling approximately 52 deeply delinquent loans totaling $14.5

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Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Housing Wire

OCTOBER 2, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. Companies are pressured to launch new initiatives to attract brokers and land more purchase businesses due to high mortgage rates.

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Housing Wire

JANUARY 10, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) on Tuesday released its priority open recommendations report, submitted to HUD Secretary Marcia Fudge designed to highlight as-yet unaddressed risks in the management of the department.

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Housing Wire

APRIL 3, 2024

the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp. The only entity to be immediately impacted in the initial rebranding stage is Ocwen itself, but a version of the new name is expected to roll out to both Liberty and PHH at some point in 2024. Ocwen Financial Corp.,

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Housing Wire

APRIL 23, 2024

The rule is designed to “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings,” DOL said in its announcement. The financial adviser community is a highly-sought referral source for reverse mortgage professionals. Taking effect on Sept.

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Housing Wire

SEPTEMBER 27, 2023

Government-sponsored enterprise (GSE) Fannie Mae announced on Wednesday that it will launch new programs and resources designed to tackle the homeownership gap experienced by the Latino community , designed to “to provide responsible access to housing and long-term sustainable homeownership opportunities.”

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Housing Wire

DECEMBER 7, 2023

Exam Prep: The Basic Prelicensing package features three e-books and a course manual designed to help you retain essential real estate concepts and prepare for the state exam. out of 5 stars Rating: 5 out of 5. out of 5 stars Rating: 5 out of 5. They can be reached by phone or email, Monday through Friday from 9AM to 4PM.

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Housing Wire

SEPTEMBER 26, 2023

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day. million in Q2 2022.

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Housing Wire

APRIL 4, 2024

Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. While they have endured a rocky, rates-driven cycle, marketers in mortgage and real estate continue to play a pivotal role in lead generation, customer acquisition and retention differentiation that has helped to keep many organizations stay afloat.

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Housing Wire

OCTOBER 10, 2023

Blend’s platform will give lenders the flexibility to choose the technology stack that best fits their unique needs while increasing their operational efficiency and deepening relationships with their borrowers, the California-headquartered mortgage tech firm said. In the second quarter of 2023, Blend reported a non-GAAP net loss of $22.7

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Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans.

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Housing Wire

FEBRUARY 21, 2024

The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged. The letter states that the option will be implemented starting May 1, 2024, but will be mandatory on Jan. million COVID-19 loss-mitigation actions.

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Appraisal Buzz

JUNE 7, 2024

In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues. According to CFPB Circular 2024-03, companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections.

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Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Heading into 2024, there are continuing and emerging financing options, grant programs and legislation all designed to help homeowners and builders create much-needed infill housing.

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Appraisal Buzz

MAY 31, 2024

on the National Mall, to raise awareness of innovative and affordable housing designs and technologies. Also in The Week Ahead CoreLogic’s National Flood Conference Washington 2024 (Sunday-Wednesday) The Brookings Institute Presents “Paths to Progress: Race, Equity, and Democracy” (Monday) U.S.

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Housing Wire

MARCH 28, 2024

Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product. About 80% of the mortgages at Better are now being funded as one-day products, Garg noted. 31, 2023, we had three warehouse facilities for a total capacity of $425 million.”

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Housing Wire

MARCH 18, 2021

Mortgage rates have increased roughly 50 basis points in the first few months of 2021, in no small part due to fears that inflation will rear its ugly head as the economy rebounds. But the Federal Reserve is staying the course, maintaining the low-rate environment that gave rise to the best year for the mortgage industry in history.

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Housing Wire

JANUARY 9, 2024

Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. million in grants to 177 HUD-approved counseling agencies in early 2022, designed to support vulnerable communities, communities of color and those negatively impacted by COVID-19. HUD awarded $51.4

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Design Mortgage Home Improvement Training 365

Housing Wire

FEBRUARY 12, 2024

In business for close to two decades, The CE Shop offers real estate exam prep, continuing education, and broker licensing courses, plus programs for prospective mortgage and appraisal professionals. The CE Shop also provides licensing and qualifying courses for mortgage and appraisal professionals. The Leap 2.0

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Appraisal Buzz

MAY 7, 2024

While prime borrowers are generally considered lower risk by lenders, the designation of “prime” should not imply immunity to economic fluctuations or financial challenges. In February 2024, the total U.S. Potentially surprising is that 40% of these consumers also report having super-prime (720 or above) credit scores.

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Appraisal Buzz

JUNE 14, 2024

This piece originally appeared in the June 2024 edition of MortgagePoint magazine, online now. In today’s low-volume market cycle, mortgage originators can build business by focusing on purpose-built loan products designed to overcome the specific challenges homebuyers face in the current market.

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Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. 5, 2024. In high-cost areas, however, it can go up to $75,000. The deadline to comment on the proposals is Jan.

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Architecture Renovations Inspection Finance 424

Housing Wire

AUGUST 29, 2022

California-based Impac Mortgage Holdings received a notice on Friday from the NYSE American LLC requiring a plan to adjust its stockholders’ equity level amid consecutive financial losses. Otherwise, the mortgage lender will be subject to delisting proceedings, according to a Securities and Exchange Commission (SEC) filing. .

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Housing Wire

FEBRUARY 23, 2024

agent count and to expand its mortgage business. In RE/MAX University, we offer something called the Accredited Buyer Representation Designation, which gives our agents education on exactly how to articulate their value proposition, so we anticipate that there will be more demand for that as we move forward,” Lessinger said.

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Housing Wire

JUNE 15, 2022

The decision, designed to slow the pace of inflation, which reached 8.6% in May for the highest mark in more than 40 years, has potential to increase the cost of mortgage borrowing. Mortgage rates jumped as a result, with 30-year fixed rates reaching above 6% this week. 1.75%, a hike not seen since 1994. this year and to 4.1%

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Mortgage Design Inventory Marketing 370

Housing Wire

APRIL 22, 2024

Meanwhile, a customer relationship management system, along with experts in marketing, sales and other areas, are designed to support these teams, he said. “If Djon spoke on Sunday during a session on lead generation at The Gathering, HousingWire ’s real estate and mortgage conference, held in Scottsdale, Arizona.

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Brokerage Real Estate Realtors Real Estate Agent 348

Housing Wire

MAY 4, 2023

After listening to pitches from our community, discussing with our welcome committee and fine-tuning with our HousingWire team, we feel confident that we’re delivering an agenda that addresses the topics you need to start off 2024 as a leading housing professional. We designed the event with the attendee outcome in mind.

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Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. USPAP 2024 is effective January 1, 2024. To read more, click here My comments: Be sure to read this blog post.

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