Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

Mortgage 428

Mortgage Finance Insurance Lending 428

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona.

Mortgage 317

Mortgage Finance Real Estate Best Value 317

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. This letter serves to give you an amended 60-day notice of permanent layoffs and facility closures effective Feb.

Human Resources 416

Human Resources Mortgage Loan Officers Finance 416

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 398

Lending Mortgage Development Business 398

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 easiest way to build that awareness was to build a robust lending platform.

Lending 366

Lending Development Investors Finance 366

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

Lending 401

Lending Government Legal Law 401

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) Zap Mortgage (no.294) Trius Lending Partners (no.678),

Loan Officers 369

Loan Officers Mortgage Development Lending 369

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The original effective date as announced last fall remains in effect, which will be April 29, 2024.

Real Estate Agent 443

Real Estate Agent Development Real Estate Law 443

Housing Wire

JANUARY 2, 2024

While most have their eyes on the horizon, HousingWire’s dedicated reverse-centric publication, Reverse Mortgage Daily (RMD), will look back one more time at a year of challenge. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) has taken a more critical look at the situation.

Mortgage 375

Mortgage Government Business Lending 375

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. historical dataset.

Legal 378

Legal Mortgage Contracts Insurance 378

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development (HUD), Julia Gordon. The commissioner also discussed the rise in mortgage loan assumptions. ” Gordon spoke during the Mortgage Bankers Association (MBA) Annual Conference held Oct. 14-17 in Philadelphia. ” The FHA cut the annual premium to 55 basis points from 85 bps.

Mortgage 397

Mortgage Government Insurance Tools 397

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 376

Mortgage Retail Loan Officers Brokerage 376

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 392

Mortgage Loan Officers Finance Investors 392

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 402

Housing Market Marketing Contracts Finance 402

Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. As the GSE’s revamp their 2022-2024 Duty to Serve plans, the rejected plans will be used on an interim basis, the FHFA said.

Legal 518

Legal Law Government Lending 518

Lamacchia Realty

APRIL 8, 2024

has released its “Top Producing REALTORS®,” for March 2024! March 2024 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field. Most recently, Laurie was featured on the 2024 Who’s Who List in Boston Agent Magazine.

Realtors 71

Realtors Realty Real Estate Agents 71

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. at the end of 2024, up from 4.1% Mortgage rates are historically correlated to the 10-year Treasury, which has dropped by more than 40 basis points since the beginning of March.

Lending 395

Lending Housing Market Mortgage Marketing 395

Housing Wire

JUNE 8, 2022

The 2022 to 2024 plans will be updated annually, FHFA said in a statement, and will pay special attention to barriers to homeownership in Black and Latino communities. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”.

Development 344

Development Finance Government Lending 344

Housing Wire

APRIL 5, 2023

Two of the board members who have terms expiring in 2023 – Andrew Dodson, managing partner at Parthenon Capital , and Pamela Hughes Patenaude, a housing policy expert who once served as a deputy secretary of the Department of Housing and Urban Development – will also be nominated this year to a three-year term. million into a $475.8

Government 317

Government Development Investing Mortgage 317

Housing Wire

FEBRUARY 16, 2024

For most of its history, New American Funding (NAF) has focused on organic growth, but earlier this month, the company acquired Draper and Kramer Mortgage Corp. SW: What are some of the decisions you made during this current mortgage cycle that positioned NAF to be on the buying side instead of looking to be acquired?

Loan Officers 400

Loan Officers Retail Clients Real Estate Agent 400

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. “You’ve The lender and LO can make or break the transaction.”

Buyers 390

Buyers Agents Loan Officers Real Estate 390

Housing Wire

APRIL 24, 2024

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. Congratulations to the 2024 Rising Stars! This year 80 honorees were selected. Take a look below to see this year’s list of honorees. Name Job Title Company Name A.T.

Real Estate 424

Real Estate Realty Realtors Project Management 424

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). According to industry leaders, the rule can force a sell-off wave, reduce values and put some lenders and services in a difficult spot.

Marketing 389

Marketing Lending Mortgage Valuation 389

Housing Wire

FEBRUARY 17, 2021

The resolution planning requires each enterprise to begin developing a plan “to resolve its business in the event the Enterprise were to be placed in receivership, also known as a ‘living will.’ Non-QM lending is poised for growth in 2021. Presented by: Angel Oak.

Finance 404

Finance Lending Business Technology 404

Housing Wire

AUGUST 21, 2020

That belief, however, assumes that one does not understand the two main drivers of housing: demographics and mortgage rates. For the last many years I have been writing that the years 2020-2024 would have the best demographics for housing ever recorded in U.S. All that other stuff, my friends, is just stamp collecting.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

MAY 13, 2024

Rocket Mortgage , the third largest U.S. mortgage lender, has entered into a conciliation agreement with the U.S. Department of Housing and Urban Development (HUD) to resolve allegations of discriminatory housing practices, the parties announced on Monday. billion in mortgages in Q1 2024. Rocket originated $20.2

Lending 328

Lending Training Investing Finance 328

Housing Wire

AUGUST 16, 2021

United Wholesale Mortgage CEO Mat Ishbia has set the goal of topping arch-rival Rocket Mortgage by 2024. The wholesale-only lender originated $59 billion in mortgages in the second quarter, generating $139 million in net income, UWM disclosed in its earnings report on Monday. UWM, which originated $182.5

Development 393

Development Mortgage Retail Business 393

Housing Wire

APRIL 24, 2024

Cooper Group unveiled strong financial results during the first quarter of 2024, buoyed in part by a strong servicing and subservicing business. in Q1 2024, up from 12.5% Cooper’s consumer-first platform into a cloud-native core, then licensing the resulting cloud-based platform to banks and independent mortgage companies.

Technology 323

Technology Lending Investing Contracts 323

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 456

Inventory Renovations Real Estate Government 456

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said.

Realtors 367

Realtors Technology Insurance Mortgage 367

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

Appraisal 76

Appraisal Contracts Legal Business 76

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Excerpts: We do love our sun, but a handful of homeowners covet it more than others. . =

Appraisal 70

Appraisal Inspection Modernization Business 70

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 440

Construction Supply Chain Inventory Housing Market 440

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. percent (±11.9

Mortgage 470

Mortgage Inventory Housing Market Construction 470

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. For starters, any development would have to pass through three levels of bureaucracy, as 4.1 Mortgage applications increased 3.0

Appraisal 75

Appraisal Mortgage Business Contracts 75