Housing Wire

OCTOBER 6, 2021

Better also expects this trend to continue, telling investors in the filing that gain-on-sale levels will remain “depressed through 2021 relative to the levels of the quarter ended March 31, 2021.”. The filing revealed that refi loans made up 85% of funded loan volume for Better.com in last six months, while purchase volume was close to 15%.

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Insurance Investors Real Estate Loan Officers 404

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The mystery as to what happened to its loan pipeline and funding endure. Shocked employees didn’t receive their last paychecks. Yet Strauss, who already has a $2.45

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. It’s also made a push to hire teachers and first responders to be loan officers.

Mortgage 321

Mortgage Investors Investing Technology 321

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. ” Cash-outs are getting harder. ”

Mortgage 523

Mortgage Loan Officers Insurance Investors 523

Housing Wire

DECEMBER 14, 2020

million in a seed round from private investors. An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker. . The goal is to build a profitable business that creates wealth for our customers. mortgage market.

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Loan Officers Investors Legal Buyers 330

Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. The news is just as positive in the more traditional home equity sector of HELOCs and CESs.

Housing Market 406

Housing Market Marketing Contracts Finance 406

Housing Wire

APRIL 6, 2023

Strauss is also accused of suspending staffers’ health insurance coverage retroactively to May 2022, despite collecting the employees’ contributions from their paychecks. At Sprout, Strauss struggled to sell loans in the secondary market that were originated at 2-4% when investors were asking for more premiums.

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Investors Mortgage Insurance Real Estate 315

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 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 421

Business Mortgage Loan Officers Inventory 421

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

Mortgage 380

Mortgage Retail Finance Investors 380

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. In 2019, Blend processed a total of $538 billion in loans, more than double the $211 billion worth it processed in 2018. Stay tuned for updates.

Investing 488

Investing Loan Officers Technology Development 488

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy. Title plants are datasets of records that are critical to underwriting title insurance policies for real estate transactions.

Mortgage 361

Mortgage Real Estate Investing Technology 361

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: Affordable housing initiatives are on the radar of more lenders this year, but your typical loan officer may not have a lot of experience there.

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Technology Mortgage Tools Insurance 374

Assurance Financial

MARCH 2, 2022

The greatest success story I have is winning over the ‘never-adopters’ of the industry, comprised of mostly the loan officers. After a few months, however, these capabilities made the loan officers the heroes. This adoption across investors and regional offices will make a truly digital end-to-end experience.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Housing Wire

MAY 1, 2023

They help run major corporations, and are the entrepreneurs building tomorrow’s great businesses. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

JUNE 8, 2022

Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth. Blend has attracted a bevy of investors who were impressed by its market position. million in the first quarter of 2022.

Mortgage 368

Mortgage Technology Loan Officers Investing 368

Assurance Financial

JUNE 15, 2023

Its purpose is to provide liquidity and stability to the housing market by buying mortgages from home loan lenders and securitizing them into mortgage-backed securities (MBS) that are sold to investors. Fannie Mae and Freddie Mac are two separate entities, but they have a similar business model and operate in the same industry.

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Government Housing Market Mortgage Investors 36

Housing Wire

AUGUST 8, 2023

Gregg Busch has shifted his business focus over the last year or so. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies.

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Insurance Mortgage Clients Lending 355

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. The last two years have been good to Christian Dicker.

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Housing Market Marketing Brokerage Real Estate 428

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The nation’s biggest banks stepped in to stabilize the lender with $30 billion of their own money, giving the Federal Depository Insurance Corporation time to find a buyer. After a weekend of negotiations, the FDIC sold First Republic to JPMorgan.

Marketing 348

Marketing Retail Mortgage Investors 348

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. The loan is usually repaid over a period of years. Ownership: Once the loan is fully repaid, you own the property outright. Insurance Does a mortgage payment include insurance?

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. I have been doing them since I started my business in 1986.

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Appraisal Architecture Business Contracts 52

Assurance Financial

SEPTEMBER 28, 2021

Smart investors try to have a balance between liquid and non-liquid assets, so if paying off your home is going to skew that balance, you may want to consider evening things out instead of wrapping up all your wealth into a house. But we don’t want you to settle for a loan officer who’s in it for the commission.

Mortgage 36

Mortgage Investing Finance Loan Officers 36

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Reducing government-insured and guaranteed mortgage loan fees.

Insurance 381

Insurance Construction Government Lending 381

PennyMac

JANUARY 16, 2022

An owner's pride for their vacation rental seeps into all layers of the business: if you have it, all the other cards fall into place. Smaller decluttering tasks also fit better with busy lifestyles, so that no matter how little time you have, there will still be time to make progress on your decluttering.

Investing 36

Investing Property Taxes Real Estate Renovations 36

Clear Capital

SEPTEMBER 29, 2021

So, we’re excited to help CubiCasa grow as an independent company, serving customers independently, and open for business to any and all customers, and really to help drive the change for the industry towards modernization. And you should not be competing against 25 different investors. There’s 500,000 loan officers.

Sellers 69

Sellers Agents Real Estate Buyers 69

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. Business expense. Louis Business Journal reported. The reason? Something has changed,” said McEvoy.

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Lending Government Law Mortgage 368