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. Change is now in good standing with the CDFI Fund and its next planned certification review is not until 2025, the originator said.

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Appraisal Buzz

MAY 9, 2024

But when it comes to construction lending technology, the options are as vast as they are unique. To learn more about how lenders can determine which construction lending technology is right for their needs, MortgageOrb interviewed Sean Faries, CEO of Land Gorilla. Q: How is technology transforming the construction lending landscape?

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Construction Technology Lending Design 195

Housing Wire

NOVEMBER 7, 2023

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. The appointment supports the company’s Vision 2025 plan , the company said.

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Lending Real Estate Agent Real Estate Training 410

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. 25, when the deal is set to expire, the company said.

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Housing Wire

AUGUST 20, 2024

The deal is expected to close in early 2025. an 11% share of the country’s commercial real estate lending market. Last year, Wells Fargo chose to exit the home lending correspondent channel and reduce its footprint in residential mortgage servicing. The parties did not disclose the financial details.

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Mortgage Real Estate Lending Clients 429

Housing Wire

JUNE 20, 2024

million in senior notes due in the fourth quarter of 2025, resulting in new debt with a higher interest rate and a shorter maturity period than usually seen in the market for similar companies. The company has invested in a Vision 2025 program, bringing investments to platforms, products and people, Martell added.

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Investing Lending Investors Mortgage 430

Housing Wire

AUGUST 2, 2024

In the message reviewed by HousingWire, DeJoseph wrote that by becoming part of a larger organization, Garden State gains access to a “national lending platform, greater resources, enhanced career development opportunities, and the ability to offer more comprehensive services to our clients, well beyond residential mortgage lending.”

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Loan Officers Lending Clients Development 450

Housing Wire

JUNE 18, 2024

The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments. million in senior notes due in the fourth quarter of 2025. loanDepot plans to extend its $497.8

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Investing Real Estate Lending Investors 427

Appraisal Buzz

JULY 29, 2024

in 2023 compared with 2022, while debt outstandings increased 8.3%, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study. Given the substantial amount of accumulated equity in real estate, there is still untapped potential for home equity lending for lenders and borrowers.” in 2024 and 4.8%

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Inspection Valuation Renovations Lending 195

Housing Wire

AUGUST 13, 2024

And while that is good news for the housing industry, depending on where the economy goes from there, it could mean a great 2025 or a terrible 2025 for agents. million in 2025. In a normal recession, Keller said unemployment would rise to 6-8%, interest rates would fall to 5% and home sales would jump to 5 million in 2025.

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Housing Wire

AUGUST 22, 2024

That’s why we’ve added the first-lien option to our equity lending portfolio to support our customers through the entirety of their homeownership journey, not just during the life of their mortgage.” ” A first-lien HELOC can be advantageous if the borrower needs flexible access to funds and can handle variable interest rates.

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Property Taxes Insurance Mortgage Lending 417

Housing Wire

JUNE 14, 2024

Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions. Parrish said then the company expects “a lot of growth“ in the second half of 2024 and into 2025. JB Long assumed the role of president and Piercy became the chief growth officer.

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Property Taxes Clients Development Insurance 428

Housing Wire

JULY 18, 2024

Navy captain who served at BAE Systems until joining the company in February, noted that Gow has led different lending businesses, including de novo banks, regional banks and industry leaders like Mr. Cooper. Jaime Gow Sagent CEO Geno Paluso , a retired U.S.

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Technology Modernization Mortgage Lending 450

Housing Wire

MARCH 20, 2024

The so-called dot-plot estimates show the Fed might make one fewer rate cut in 2025 compared to its forecast in December 2023. this year before declining to a range of 6% to 7% in 2025. In short, no one should expect a return to the historically low rates we saw back in 2020 and 2021.”

Mortgage 451

Mortgage Government Lending Investors 451

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. DB: Warehouse lending has evolved beyond traditional boundaries.

Lending 417

Lending Finance Clients Client Relationships 417

Housing Wire

AUGUST 8, 2023

The company said the increase is due to the Vision 2025 plan and higher direct costs attributable to increased origination volumes, which was partially offset by cost productivity. In a call with analysts, executives said the company had a $8 million cost related to the “settlement of legacy litigation” during the second quarter of 2023.

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Human Resources Lending Investors Mortgage 370

Housing Wire

JANUARY 19, 2023

The partnership aligns with loanDepot’s Vision 2025 strategic plan and will “change the way we run our originations operations, improving speed to closing and quality while also realizing substantial savings,” loanDepot president and CEO Frank Martell said in a statement. billion from the previous quarter’s $9.9 billion.

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Technology Lending Real Estate Mortgage 369

Housing Wire

FEBRUARY 29, 2024

The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. historical data, from Q1 2025 to Q3 2024. The GSEs are aiming to accelerate the publication of VantageScore 4.0

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Government Lending Mortgage Finance 493

Housing Wire

FEBRUARY 23, 2024

Ginnie Mae accordingly implored TCB to lend money to RMF. But TCB was hesitant to lend money to a bankrupt company. A magistrate judge overseeing the case has set a series of pretrial deadlines that extend into 2025.

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Government Contracts Finance Lending 427

Housing Wire

APRIL 15, 2022

Kristy Fercho, CEO of Wells Fargo Home Lending, said in a statement that the initiative will help close the homeownership created by decades of systemic inequities, and the bank is “taking meaningful action by reimagining the homeownership journey.”. Top depositary mortgage lender Wells Fargo & Co.

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Lending Mortgage Marketing 403

Housing Wire

SEPTEMBER 7, 2023

As a broker, one of the most frustrating things is, when you get the approval, he/she has no idea what half the conditions are,” Kevin DeLory, EPM’s chief lending officer said Wednesday in an interview. “We The second quarter of 2025 is when inflation will lower and three years of elevated interest rates or approx. ”

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Retail Loan Officers Business Lending 403

Housing Wire

APRIL 20, 2023

The franchise agreement was not set to expire until December 1, 2025, and Motto claims Price expressed a desire in late 2022 to renew it for a new five-year term. HousingWire reached out to NFM lending, Bolden and Stephen, but they did not reply to requests for comments. According to a lawsuit filed in March in a U.S

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Contracts Loan Officers Legal Best Value 388

Housing Wire

JULY 24, 2024

As of now, the group is targeting the publication of a standard in 2025, which Morales hopes “will mark the beginning of the opportunity for many people to finally access the reverse mortgage data they need to enter the industry.”

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Mortgage Development Lending 441

Housing Wire

APRIL 25, 2024

The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR) — offered insights into various topics about the reverse mortgage product category. This year, it’s ‘prevail,’” she said.

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Mortgage Finance Real Estate Best Value 420

Appraiserblogs

JANUARY 31, 2024

My concern at this point is ‘training’ materials will be available in Q4 2024, but actual implementation of the ‘new reporting process’ won’t begin until Q3 2025 with limited production, into 2026. Appraisers, to see more about the upcoming new UAD currently in design, read the Updated Timeline link in the message below.

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Training Appraisal Design Lending 106

Housing Wire

OCTOBER 2, 2023

The use of funds is retiring about $1 billion of unsecured debt maturing between 2024 and 2025. It includes acquiring mortgage servicing rights (MSRs) and supporting its correspondent lending business, such as purchasing agency-eligible mortgages. The remainder will be used for market-growth opportunities.

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Mortgage Marketing Investors Investing 441

Housing Wire

APRIL 5, 2023

Analysts believe the company’s “Vision 2025” plan, which includes rightsizing its operations, will take many quarters to improve its financial performance and return the lender to profitability. The company turned its 2021 profits of $555.5 million into a $475.8

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Government Development Investing Mortgage 369

Housing Wire

JUNE 13, 2023

Regarding EPM’s strategy in the wholesale space, Kevin DeLory, chief lending officer, said it is not chasing borrowers with specific credit scores or being aggressive in pricing. “There are people that are actually much more competitive when it comes to pricing. TGT is holding a security deposit of $9,135.49.

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

SEPTEMBER 14, 2023

The appointment supports LoanDepot’s Vision 2025 plan, launched last year “to address the impacts of the current market downturn and still invest in our platform,” Jeff Walsh, the company’s president, said in a statement.

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Human Resources Retail Investing Development 403

Housing Wire

MAY 15, 2024

While Ginnie Mae did get a higher appropriation from Congress in the most recent legislation governing its budget authority, CHLA said that increasing the budget from $54 million to $67 million for fiscal year 2025 would help meet four key objectives.

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Modernization Government Contracts Insurance 439

Housing Wire

JUNE 5, 2023

Martell said the changes are due to the advance of Vision 2025. The leadership shakeup follows the board’s decision to fire Hsieh from the executive chairman position in April after a battle to nominate Steve Ozonian as a member of the lender’s board of directors. However, Hsieh remains the chairman and largest shareholder.

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Business Human Resources Retail Tools 370

Housing Wire

OCTOBER 14, 2020

On the lending side of things, Bulfer said StreamLoan will evaluate opportunities to serve other types of borrowers and lenders, such as those connected to personal loans. KBV Research predicts the global market for digital lending platforms , including those geared toward mortgages, will reach $11.6

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Insurance Technology Lending Real Estate Agent 429

Housing Wire

MARCH 7, 2024

Keith Lind , CEO of Acra Lending , a leading non-QM lender, said the PLS market is “fully healthy and functional, and I think it’s going to get better.” “There’s a lot of demand from investors that want to buy these bonds backed by non-QM, but there’s only so many loans to be bought to securitize,” Lind said.

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Investors Government Mortgage Investing 430

Housing Wire

JULY 31, 2023

Flagstar is an originator and servicer that also provides financing solutions through its warehouse and MSR lending businesses,” Smith said. “We I do think 2024 and 2025 are going to be good years for the mortgage industry as the Fed pauses and eventually reduces interest rates.” Our partners have always known they can count on us.

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Mortgage Clients Business Investing 370

Housing Wire

FEBRUARY 10, 2023

The direct-to-consumer channel was responsible for 60% of total originations from September to December, with the remainder coming via correspondent lending. trillion from 2023 to 2025. Cooper’s volume declined to $3.2 billion in the fourth quarter from $5.7 billion in the third quarter. The estimate is for $3.9

Business 369

Business Mortgage Lending Investors 369

Housing Wire

JUNE 7, 2021

UWM has been outspoken about capturing the opportunity that it sees in the wholesale market, which it believes can be about one-third of the overall mortgage market by 2025. . “Relocks and changes to program, occupancy or property type will be subject to worst-case pricing,” the lender said in a statement Monday.

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Mortgage Business Marketing Finance 545

Housing Wire

JULY 27, 2023

The proposal would include a three-year transition period beginning July 1, 2025. Insured depository institutions would face an estimated 9% increase, including regional lenders. Community banks would not be impacted. “Further, the proposal ignores the significant role of mortgage insurance in mitigating losses.”

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Lending Mortgage Insurance Modernization 370