Housing Wire

JANUARY 29, 2024

The lawsuit states that Atlantic Trust signed a wholesale broker agreement with UWM in January 2018 but agreed to amend the contract to add the “All-In Initiative” in December 2022. Therefore, we will follow the agreed upon contract and win damages.” UWM sued Kevron Investments Inc. The cases are still in progress.

Contracts 413

Contracts Loan Officers Lending Retail 413

Housing Wire

JULY 27, 2022

Two House Appropriations bills recently advanced by House negotiators have included language surrounding Business Email Compromise (BEC) in an effort to promote collaboration between federal and law enforcement agencies and private sector partners in monitoring and reporting for cyber-based crime events. How FundingShield can help.

Contracts 271

Contracts Marketing Law Agents 271

Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

Lending 315

Lending Technology Tools Loan Officers 315

Housing Wire

OCTOBER 30, 2020

Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development. Kelly Stewart has been promoted to vice president senior lending officer for banking operations at Gateway First Bank.

Lending 322

Lending Clients Real Estate Development 322

Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

Lending 395

Lending Contracts Investors Technology 395

Housing Wire

MARCH 11, 2022

With the increasing regulatory focus on expanding affordable lending programs, mortgage lenders need to have a plan to serve the underserved. Many lenders have historically shied away from offering a robust affordable lending product line, including down payment assistance (DPA) programs and ITIN mortgages. Finding the ‘why’.

Lending 311

Lending Mortgage Contracts Finance 311

Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Mortgage lending is facing the same disproportionate dilemma that technology, in many ways, can make worse.

Lending 293

Lending Marketing Technology Contracts 293

Housing Wire

FEBRUARY 9, 2024

Okavage refused to sign an addendum, which states that brokers cannot engage in business with Fairway or Rocket. UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 385

Contracts Retail Mortgage Lending 385

Housing Wire

NOVEMBER 1, 2021

If you make your living by originating new mortgage loans, I don’t have to tell you that the business is changing. You’re probably already feeling it in your business. The purchase money mortgage transaction begins with the real estate sales contract and that’s not something our industry controls. Stevens, President at SRE.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Lending 371

Housing Wire

JANUARY 17, 2024

Dave Stevens grew up in the mortgage business before serving the industry and its customers both as FHA Commissioner during and immediately after the 2008 financial crisis and then as President & CEO of MBA, where he was instrumental in rebuilding our organization and leading the industry out of the Great Recession.”

Finance 454

Finance Loan Officers Real Estate Development 454

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 374

Housing Market Marketing Contracts Finance 374

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S. the Nationwide Multistate Licensing System (NMLS) showed.

Retail 375

Retail Legal Lending Business 375

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. Wells Fargo, for example, shrunk its mortgage business dramatically in 2023, per filings with the Securities and Exchange Commission (SEC). Home lending revenues declined to $3.3 The business grew to $9.8

Mortgage 362

Mortgage Lending Retail Business 362

Housing Wire

AUGUST 31, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. Because as much as automation is a long-term vision, it’s also about lenders proving value to the business as they move along the course.”.

Lending 403

Lending Technology Tools Training 403

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. He will be responsible for oversight of capital markets and correspondent lending , reporting directly to chairman and CEO Jay Bray. in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Technology 286

Technology Lending Investing Contracts 286

Housing Wire

MARCH 10, 2023

They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.” Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. Toohig said Raymond James finished the year with some $1.1

Housing Market 352

Housing Market Marketing Contracts Lending 352

Housing Wire

FEBRUARY 23, 2024

Alleged promises by Ginnie Mae That contention, however, does “nothing to undermine TCB’s claim that Ginnie Mae lacked statutory authority to extinguish TCB’s interest in its collateral, which was not only separate from the servicing rights but also subject to no contract between TCB and Ginnie Mae,” the filing reads.

Government 309

Government Contracts Finance Lending 309

Housing Wire

APRIL 24, 2024

During an earnings call on Wednesday, chief financial officer Daniel Perotti said that “Pennymac maintained its dominant position in correspondent lending in the first quarter” as it acquired $18 billion in volume. million in damages tied to a breach of contract claim in a four-year dispute involving the companies.

Lending 369

Lending Legal Contracts Mortgage 369

Housing Wire

JUNE 9, 2021

TIAA Bank is selling its correspondent lending platform to Pentagon Federal Credit Union for an undisclosed amount of money. We anticipate a smooth transition for our correspondent lending associates and business partners, with no disruption in service as the TIAA Bank team moves to PenFed,” TIAA said in a statement.

Lending 362

Lending Retail Business Contracts 362

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 340

Mortgage Marketing Retail Construction 340

Housing Wire

MARCH 31, 2021

HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production, who shared how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown. Should lenders look to non-QM when the refi boom slows? Presented by: Angel Oak.

Mortgage 421

Mortgage Contracts Inventory Lending 421

Housing Wire

FEBRUARY 5, 2024

The deal gave Guild a substantial foothold in the Northeast and a bevy of purchase businesses. However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. In 2020, it originated $8.5 billion in mortgage loans. 2 in a U.S.

Retail 359

Retail Contracts Loan Officers Mortgage 359

Appraisal Buzz

JANUARY 11, 2022

Aspire Home Loans LLC, an independent mortgage banker, has signed a contract to implement Black Knight Inc. ’s These advanced capabilities will support first mortgages for Aspire Home Loans’ retail lending channel and help enhance the borrower experience, support its employees and help drive business growth.

Retail 195

Retail Contracts Lending Business 195

Housing Wire

JUNE 29, 2023

loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches. It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot.

Retail 350

Retail Contracts Legal Business 350

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 367

Contracts Brokerage Investing Mortgage 367

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

Loan Officers 371

Loan Officers Retail Lending Contracts 371

Housing Wire

JUNE 5, 2023

Jorden Brok and Brett Lotsoff are producing area managers and SVPs of mortgage lending at Revolution Mortgage and are tasked with expanding the company’s footprint in the greater Chicago area. Rapidly expanding Revolution In a rising rate environment, many lenders have downsized or have gone out of business.

Loan Officers 365

Loan Officers Mortgage Lending Retail 365

Housing Wire

NOVEMBER 17, 2022

HousingWire recently spoke with John Keratsis, president and CEO of Deephaven Mortgage, about what lenders should be doing to capitalize on the boom in non-QM lending and why our preconceived notions about non-QM could be all wrong. Another reason to get into non-QM lending at this very moment is diversification.

Lending 299

Lending Investors Real Estate Agent Loan Officers 299

Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. Overall, it is stressful and hard on business. To stay ahead, brokers must find a lending partner that understands just how beneficial this is.

Marketing 390

Marketing Lending Inventory Mortgage 390

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. San Francisco: Real estate activity rose slightly overall.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

JUNE 6, 2023

UWM launched the “All in” initiative in March 2021, requiring brokers partners to stop sending loans to Rocket and Fairway for review, underwriting, purchase and funding if they were also doing business with UWM. UWM complained in the lawsuit that it provides brokers “considerable resources” to grow their businesses.

Brokerage 317

Brokerage Contracts Legal Business 317

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. TikTok is probably 40% to 45% of my business.” Meanwhile, investors are taking steps to acquire the business. ban of the short-form video app. million ‘likes’ on TikTok. “I’ve

Loan Officers 344

Loan Officers Tools Business Clients 344

Housing Wire

DECEMBER 2, 2020

billion of it coming through its forward-lending arm. “Our platform was purpose-built to create a business that could better withstand the cyclicality of most consumer lending businesses,” CEO Mary Cook said on an earnings call. The company funded $9.17 billion in the third quarter, with about $8.5

Finance 215

Finance Lending Retail Business 215

Housing Wire

MAY 3, 2022

million in venture capital through three previous funding rounds, according to business-information platform Crunchbase. The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We

Contracts 391

Contracts Investors Investing Market Value 391

Housing Wire

JANUARY 11, 2024

On the right tech mindset: Adam Carmel, Polly CEO : “When I was in lending, I think I always overestimated the impact technology or software, or more importantly, a switch in technology, would have on our business in the first six months or a year, and the difficulty in transitioning. But it’s weird.

Technology 375

Technology Contracts Business Appraisal 375

Housing Wire

JULY 19, 2022

“It’s hard to get lenders to make small mortgages, because quite honestly the economics of the whole business depends on percentages,” the HUD official said. Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin.

Mortgage 374

Mortgage Finance Lending Development 374

Housing Wire

APRIL 3, 2023

Federal Reserve lending to banks through its discount window and the new Bank Term Lending Program created in the wake of SVB ’s failure stood at a combined $152.6 we expect that stress on smaller banks could result in a tightening of lending standards ,” the research report says. No, it’s not.” In the U.S,

Lending 320

Lending Mortgage Business Contracts 320