Housing Wire

OCTOBER 2, 2023

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.

Mortgage 384

Mortgage Marketing Investors Investing 384

Housing Wire

JULY 31, 2023

mortgage lender, has long described itself as a “one-stop mortgage shop.” But it has built its reputation on its expertise in mortgage. So what exactly is a “one-stop mortgage shop?” “We Smith, senior executive vice president and president of mortgage at Flagstar. Flagstar Bank , a top-25 U.S.

Mortgage 338

Mortgage Clients Business Investing 338

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. HW: How has mortgage finance changed in the last few years?

Lending 342

Lending Finance Clients Client Relationships 342

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market.

Modernization 327

Modernization Government Contracts Insurance 327

Housing Wire

AUGUST 8, 2023

The California-based mortgage lender had its second consecutive double-digit revenue gain amid increasing origination volumes and margins. Changes in leadership came with the decision to consolidate LDI Digital, including mellohome, into its existing production channels, under the direction of LDI Mortgage President Jeff Walsh.

Human Resources 326

Human Resources Lending Investors Mortgage 326

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. Ginnie Mae accordingly implored TCB to lend money to RMF. But TCB was hesitant to lend money to a bankrupt company.

Government 334

Government Contracts Finance Lending 334

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. Loan origination volume dropped to $9.8 billion.

Technology 302

Technology Lending Real Estate Mortgage 302

Housing Wire

SEPTEMBER 7, 2023

Equity Prime Mortgage (EPM) has completely shifted to the TPO business after seeing growth opportunities in the wholesale channel, a distribution channel that’s been growing in recent years. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. EPM originated $1.05

Retail 390

Retail Loan Officers Business Lending 390

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 368

Contracts Loan Officers Legal Best Value 368

Housing Wire

APRIL 15, 2022

Top depositary mortgage lender Wells Fargo & Co. 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.”. JPMorgan Chase & Co.

Lending 383

Lending Mortgage Marketing 383

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 391

Mortgage Loan Officers Finance Investors 391

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. “Wholesale is growing. in 2014. .

Retail 368

Retail Loan Officers Landlords Lending 368

Housing Wire

SEPTEMBER 14, 2023

The mortgage lender has had several changes to its leadership so far this year. Hanson will oversee, for example, the “Lender Express offering,” which provides mortgage products to credit unions and other financial institutions. In July, loanDepot appointed Darren Graeler as executive vice president and chief accounting officer.

Human Resources 376

Human Resources Retail Investing Development 376

Housing Wire

APRIL 5, 2023

” “The addition of Steve to the Board will bring a new and valuable perspective that will help loanDepot navigate the extraordinary challenges facing the mortgage industry,” Hsieh said in a statement. Like its peers, California-based loanDepot has been challenged by the surging mortgage rates landscape.

Government 306

Government Development Investing Mortgage 306

Housing Wire

MARCH 7, 2024

“And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. It’s a matter of speed. … billion, up 81% from the same month last year.

Investors 374

Investors Government Mortgage Investing 374

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

Government 476

Government Lending Mortgage Finance 476

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.

Training 107

Training Appraisal Design Lending 107

Housing Wire

JUNE 5, 2023

Sidi joined loanDepot in March 2022 , when the lender created a new business division called mello to operate side-by-side with the company’s mortgage origination and servicing division. Martell said the changes are due to the advance of Vision 2025. In May, loanDepot also made changes to its leadership.

Business 367

Business Human Resources Retail Tools 367

Housing Wire

OCTOBER 14, 2020

San Francisco-based StreamLoan has forged a partnership with insurance giant Progressive enabling home buyers and homeowners who use StreamLoan’s digital mortgage platform to obtain quotes for homeowners’ insurance. Founded in 2015, StreamLoan licenses its software to mortgage lenders, fintech companies and mortgage brokers.

Insurance 351

Insurance Technology Lending Real Estate Agent 351

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. ” Jay Bray , chairman and CEO of Mr. Cooper, said that last October, as mortgage rates were trending higher, Mr. Cooper eliminated 1,000 positions, most of them in originations.

Business 302

Business Mortgage Lending Investors 302

Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. ” The initiative applies to any conventional loan on primary homes, including high-balance adjustable-rate mortgages, UWM said. Rocket has also been sweetening the pot for brokers as the mortgage market slows down.

Mortgage 545

Mortgage Business Marketing Finance 545

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and 2026 will be off the charts. And 2025 and 2026 will be off the charts. mortgage lender.

Retail 362

Retail Inventory Mortgage Loan Officers 362

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

JULY 27, 2023

If implemented, the changes will affect the mortgage industry–and trade groups are already coming out in opposition to the new regulation. 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.

Lending 359

Lending Mortgage Insurance Modernization 359

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.

Sellers 296

Sellers Investors Valuation Finance 296

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

Mortgage 450

Mortgage Buyers Inventory Technology 450

Will Springer Realtor

FEBRUARY 13, 2024

The true barometer will be measured by the number of homeowners who enter the market this year – depending on lending rates and personal factors. Active listings typically fall when mortgage interest rates fall and rise when interest rates rise. He cited “meaningfully lower” mortgage rates when compared with two months earlier.

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

MAY 15, 2024

300 to 850) and also uses score-to-odds ratios, meaning that most lenders will not need to adjust their credit or lending policies to use the new pilot program. In February, the Federal Housing Finance Agency (FHFA) announced that the transition to new credit-score requirements is expected to begin in the fourth quarter of 2025.

Lending 408

Lending Government Finance Mortgage 408

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 441

Mortgage Loan Officers Inventory Business 441

Housing Wire

JULY 12, 2022

Nonbank lender loanDepot is making what appears to be the largest series of cuts in the mortgage industry this year, eliminating 4,800 jobs over the course of 2022. Jeff Walsh, mortgage president, will lead mortgage origination functions. The workforce reduction will result in the lender paying $3.5 million to $4.5

Real Estate 76

Real Estate Contracts Mortgage Lending 76

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. In turn, consumers experience the trickle-down effect in the form of costlier lending rates when holding credit card debt or purchasing cars and homes. The national economy is growing. Unemployment remains low. More on this in a moment.)

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

JANUARY 16, 2024

For many decades, restrictive covenants inserted into deeds and mortgage documents codified exclusion, divided communities and locked many Americans out of the benefits of property ownership,” said the National Association of Realtors®. government created the Federal National Mortgage Association.

Real Estate 53

Real Estate Law Legal Training 53

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.

Technology 404

Technology Loan Officers Retail Marketing 404

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

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. Repurchase requests are prompted after GSE quality-review teams uncover underwriting errors in mortgages purchased by the agencies. “It

Mortgage 369

Mortgage Marketing Buyers Lending 369

Appraisal Today

FEBRUARY 2, 2024

As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me that providing training in Q2 2025 would be more appropriate than 6 months before. At the same time, affordability challenges will persist at higher mortgage rate levels. January 31, 2024) — Mortgage applications decreased 7.2

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Appraisal Contracts Training Real Estate 67