Housing Wire

NOVEMBER 16, 2023

Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI). Change sued the CDFI Fund in late August, complaining about the Fund’s analysis.

Lending 350

Lending Finance Contracts Development 350

Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) and Ginnie Mae largely deny any allegations made against the company in the original complaint. Attorneys for the U.S. The judge largely disagreed.

Government 385

Government Legal Law Development 385

Housing Wire

SEPTEMBER 14, 2023

The mortgage lender has had several changes to its leadership so far this year. According to the company, Hanson will be responsible for “developing new revenue-generating opportunities, including national referral relationships and acquisitions.” It does not include the company’s joint venture channel.

Human Resources 376

Human Resources Retail Investing Development 376

Housing Wire

APRIL 4, 2024

Ginnie Mae originally filed to have the case dismissed in January, saying then that TCB lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program. Presiding Judge Matthew Kacsmaryk ruled in the U.S. The judge largely disagreed.

Legal 349

Legal Government Law Development 349

Housing Wire

SEPTEMBER 11, 2023

historical data to support credit model updates in the first quarter of 2025. By the fourth quarter of 2025, the FHFA was to have incorporated credit score model updates into capital and pricing. Mortgage trade groups applauded the agency for the longer implementation timeline.

Finance 379

Finance Government Mortgage Investors 379

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

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Government Development Investing Mortgage 306

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 375

Lending Finance Legal Contracts 375

Housing Wire

APRIL 21, 2021

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgage 295

Mortgage Brokerage Contracts Development 295

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 422

Mortgage Investors Tools Technology 422

Housing Wire

FEBRUARY 23, 2024

The case stems from Ginnie Mae’s extinguishment of Reverse Mortgage Funding (RMF) from its reverse mortgage-backed securities program. Specifically, TCB was concerned that if Ginnie Mae seized RMF’s [mortgage servicing rights], TCB would face delays in being repaid.” Ginnie Mae accordingly implored TCB to lend money to RMF.

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Government Contracts Finance Lending 334

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. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 391

Mortgage Loan Officers Finance Investors 391

Housing Wire

NOVEMBER 6, 2020

billion IPO , United Wholesale Mortgage (UWM) closed on the sale of $800 million in senior notes. The bond sale, which closed this week, gave the Detroit-based mortgage giant $791 million in proceeds. The notes are due in 2025 and sold at a 5.5% Just weeks away from its anticipated $16.1 He chose tech. Already a member?

Development 331

Development Mortgage Finance 331

Housing Wire

SEPTEMBER 30, 2020

Tony Thompson, Founder and CEO, National Association of Minority Mortgage Bankers of America. Under Thompson’s leadership, NAMMBA launched an initiative called “Mission 2025” in which the company will connect with 50,000 students to bring them into the mortgage profession. It will seek more Millennials, minorities, and women.

Development 228

Development Design Real Estate Mortgage 228

Housing Wire

DECEMBER 22, 2020

New York-based mortgage lender InterContinental Capital Group plans to make a big investment in Charlotte, North Carolina. million through the Job Development Investment Grant program, $650,000 from the community college system and $109,661 in city investment grants. By 2025, the state estimates more than $47.3 Overall, $8.45

Real Estate Agent 400

Real Estate Agent Investing Housing Market Real Estate 400

Housing Wire

JANUARY 18, 2024

The firm is primarily focused on creating an application programming interface (API) marketplace where Dark Matter Technologies can collaborate with developers on automation and cutting expenses for third-party vendors and lenders. “We’re We’re very focused on automation and getting the expense out.

Technology 359

Technology Marketing Architecture Clients 359

Inman

SEPTEMBER 18, 2023

Dan Hanson, the former head of loanDepot's retail division, will develop "new revenue-generating opportunities" as the mortgage lender's executive director of enterprise partnerships and acquisitions.

Retail 161

Retail Development Mortgage 161

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

JANUARY 18, 2024

SW: How do you decide what you want to develop next? Our recent acquisition of assets from Evolve mortgage, SigniaDocuments, include its SMART Doc engine and whole set of docs for mortgage, including HELOCs. We expect things to pick up this year, but certainly 2025 should be a great year so ’24 is that bridge year.

Technology 281

Technology Real Estate Architecture Investing 281

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. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. These differences can cause volatile MSR values. “For

Sellers 296

Sellers Investors Valuation Finance 296

Housing Wire

MARCH 18, 2024

Department of Housing and Urban Development (HUD) detailed some of its hopes for Ginnie Mae. This includes an increase to its 2025 budget authority that, in part, will go toward management of the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million from the total funding level for 2024.

Mortgage 375

Mortgage Modernization Development Marketing 375

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. Sellers are wisely taking advantage of a market with limited competition, as many households sit on low-interest mortgages from the thick of the pandemic. The national economy is growing. Unemployment remains low.

Marketing 60

Marketing Inventory Buyers Sellers 60

Housing Wire

MARCH 8, 2024

“Consumer attitudes toward home-selling conditions increased markedly in February, with current homeowners, in particular, expressing greater optimism that it’s a ‘good time to sell,’ a development that may foreshadow an upcoming increase in existing home listings.” Fannie Mae forecasts single-family mortgage origination volume at $1.92

Housing Market 469

Housing Market Development Mortgage Buyers 469

Housing Wire

MARCH 12, 2024

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. Total loan volume projected for all MMI programs for 2025 is $237.9 federal government.

Mortgage 351

Mortgage Insurance Training Government 351

Housing Wire

FEBRUARY 21, 2024

Navy captain who served as the vice president of business development for multinational firm BAE Systems before joining Sagent on Feb. “We took some time to listen to the industry about what they wanted in a mortgage servicing platform,” Perry Hilzendeger, executive vice president of servicing at Sagent, said in an interview.

Technology 351

Technology Modernization Clients Mortgage 351

Will Springer Realtor

JANUARY 16, 2024

The program calls for our state’s Department of Commerce to partner with the Washington Housing & Finance Commission to develop, implement and evaluate credit schemes aimed at reducing racial disparities in homeownership. government created the Federal National Mortgage Association.

Real Estate 53

Real Estate Law Legal Training 53

Appraisal Today

FEBRUARY 2, 2024

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). At the same time, affordability challenges will persist at higher mortgage rate levels.

Appraisal 67

Appraisal Contracts Training Real Estate 67

Will Springer Realtor

OCTOBER 3, 2023

The combination of extremely high home prices and regulatory reform have turned this corner of the country into an ADU laboratory of sorts, with plenty of “formulas” being developed today to “grow” more desperately needed homes. Mortgage lenders are adding ADUs to their financing options. Dozens of companies are in the ADU business.

Law 66

Law Design Construction Government 66

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land Lease 409

Land Lease Law Finance Government 409

Appraisal Today

APRIL 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 Mortgage applications increased 3.3 bath, 5,258 sq.ft.

Appraisal 68

Appraisal Contracts Valuation Design 68

Housing Wire

JANUARY 4, 2024

What drew you into the mortgage industry? GB: The whole mortgage tech ecosystem was very different 14 years ago when the company was founded, so there was, understandably, a heavy bias towards build. SW: Is 14 years a long time when it comes to mortgage tech? Sarah Wheeler: You joined loanDepot in 2021 from Capital One.

Technology 319

Technology Loan Officers Modernization Development 319

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. We’re just trapped in this equilibrium of low inventory, house prices not coming down, high mortgage rates and current owners who have a strong incentive to just sort of stay where they are and wait this out.” There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MARCH 11, 2024

Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders. On the whole, people should continue to buy and sell when they need and not based on who is in the White House come 2025. 1 with a combined 75,274 units newly completed or being developed. in Q3 to 53.5%

Insurance 36

Insurance Sellers Real Estate Buyers 36

Housing Wire

JANUARY 29, 2024

The most pessimistic forecast call for a drop of 40% nationwide by the end of 2025. A recent Wall Street Journal article noted that in Florida some homeowners have seen their homeowner premiums triple in the last five years and in some communities these premiums are now higher than their mortgage payments. How would this work?

Insurance 372

Insurance Real Estate Technology Clients 372

Will Springer Realtor

NOVEMBER 14, 2023

sales in September, 29% of them were paid with cash (no mortgage), below the peak of 35% in 2011. Near the top of the purchase funnel, the number of mortgage applications is down 27% YoY to a low not seen since 1995. Near the top of the purchase funnel, the number of mortgage applications is down 27% YoY to a low not seen since 1995.

Inventory 36

Inventory Buyers Sellers New Listings 36

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Taken by Felix Mizioznikov. We need to build above 1.1

Construction 369

Construction Development Finance Mortgage 369

Housing Wire

FEBRUARY 16, 2022

The IG report said that as of August 2021, HUD had resumed FHA Catalyst development work at limited capacity and as of October 2021, HUD estimated that it would complete FHA Catalyst development in March 2025. “I feel really good about where we are with FHA Catalyst,” she told HousingWire.

Appraisal 321

Appraisal Appraisal Process Modernization Development 321

Housing Wire

MAY 30, 2023

The debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy on Saturday represents momentary relief for the mortgage market , as it reduces the chances of a federal government default. debt limit until January 2025, with the ceiling set at whatever level it reaches when the suspension ends. trillion U.S.

Mortgage 380

Mortgage Marketing Government Development 380