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.

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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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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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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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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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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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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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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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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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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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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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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.

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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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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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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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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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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

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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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Housing Wire

JUNE 2, 2023

Meanwhile, 2025 and 2026 will be off the charts. And 2024, 2025 and 2026, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% And 2025 and 2026 will be off the charts. Mat Ishbia is optimistic about the mortgage market. “That’s a people-who-are-losers mentality.

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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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Housing Wire

NOVEMBER 1, 2023

I was speaking to someone the other day who said, ‘If you’re in this business [mortgage lending], I can’t see a downside to a recession.’” We could be down to 60,000 to 70,000 originators by 2025.” .” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.” “I

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Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. The investment we make today will have exponential benefits in 2023, 2024 and 2025 and beyond,” UWM CEO and Chairman Mat Ishbia said during an earnings call. ” Just a little less vanilla.

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Mortgage Loan Officers Finance Investors 393

Housing Wire

OCTOBER 23, 2023

” Martell’s first big move as CEO was to announce the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. Amid a shrinking market, Vision 2025 was extended into 2026 and beyond, Martell said. What happened?

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Housing Wire

FEBRUARY 7, 2023

” He added that the MSR market, according to his firm’s projections, is expected to grow by an additional $1 trillion UPB by 2025. Keith Lind, CEO of Acra Lending Keith Lind, CEO of California-based non-QM lender Acra Lending , the mortgage origination arm of Citadel Servicing Corp.

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Housing Wire

JULY 12, 2022

Overall, the California-based lender is implementing a program dubbed “Vision 2025” to save between $375 million and $400 million annualized, including headcount reduction, process optimizations, real estate consolidation and reduction in marketing and third-party spending. . LoanDepot is also making some leadership changes.

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Housing Wire

SEPTEMBER 12, 2023

’ So when that happens, ultimately, all those customers that you did transact that purchase will be eligible for refinance,” said Dan Catinella, chief lending officer at Total Expert , a provider of CRM platform to mortgage companies. Andreano said rates will drop from the current levels, whether next year or 2025.

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Housing Wire

DECEMBER 11, 2023

A top-tier borrower with a 780 FICO score and a 25-30% down payment for a single-family vanilla 30-year fixed-rate mortgage was quoted 6.875% on Thursday, said Larry Steinway, senior vice president of mortgage lending and branch manager of Revolution Mortgage. “We We are definitely seeing an uptick in demand. in 2024, followed by 5.5%

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Will Springer Realtor

JANUARY 16, 2024

Better known now as Fannie Mae, it began buying mortgages from banks and freeing up financial institutions to dramatically boost their lending power. However, lending guidelines established by the Federal Housing Administration (FHA) severely limited Blacks access to those mortgages.

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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.

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Housing Wire

FEBRUARY 7, 2024

Described as a “blueprint” for the GSEs’ 2025–2027 “Duty to Serve” plans, the publication aims to highlight a more important role that Fannie and Freddie are set to play in facilitating access to the U.S. mortgage finance system.

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Housing Wire

DECEMBER 29, 2023

I’m comfortable with lending there because I know I’m very familiar with the area. I think we are going to see (traditional) refinancing transactions really start to kick in in the second half of 2024, 2025. I have a lot of connections in Ohio. If people got rates of 7% and 7.5%

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Housing Wire

APRIL 8, 2022

We need prices to fall this year, next year, and in 2024 to ensure we are under 23% cumulative price growth for 2025. housing market, and we should never ease lending standards to try to facilitate demand. Lending standards are already liberal enough, so we don’t need to go down that avenue. Time will tell on that.

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Housing Wire

MAY 5, 2021

Nevada’s census data projects a 1.51% increase in population between 2020 and 2025, as well as a 1.46% increase in median household income over the same time period. In response to the hot housing market , April of 2020 saw a 10.6% growth in single-family homes in the city of Mesquite.

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Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. So, what people are now talking about is mid-2024 or maybe 2025 will be a killer [renewed boom].”

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Mortgage Marketing Buyers Lending 370

Housing Wire

SEPTEMBER 8, 2022

KeyBank released the following statement about the data breach to the media: “We learned recently that a vendor that supports our home lending business, Overby-Seawell Company, suffered a cybersecurity incident that compromised data of its corporate clients, including personal information associated with KeyBank mortgage clients.

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Housing Wire

JUNE 1, 2023

debt limit until January 2025 and cap government spending. Officials want to assess more economic and bank lending data and may hike rates later this summer, as the Wall Street Journal reported. On the fiscal side, President Joe Biden and House Speaker Kevin McCarthy struck a deal on Saturday to suspend the $31.4 trillion U.S.

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Housing Wire

APRIL 4, 2023

Blend’s building blocks While Blend has been expanding into the consumer lending space since 2019, the majority of its revenue remains tied to the mortgage business. The platform pivot The firm’s pivot to the Blend Builder platform came as the mortgage lending environment really turned sour, a former employee told HousingWire.

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