Housing Wire

SEPTEMBER 26, 2023

Cooper was completed in August, Home Point Capital agreed to settle for $5 million a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering (IPO).

Investors 403

Investors Lending Law Business 403

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. Representatives at Comerica referred to the presentation when asked about the bank’s decision and its implications.

Lending 370

Lending Finance Insurance Investors 370

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.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 414

Investors Government Mortgage Investing 414

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. The funding timeline of five business days assumes closing the loan with Figure’s remote online notary, Figure said.

Technology 370

Technology Lending Housing Market Investors 370

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. Revenue from home lending fell to $1.5 Executives at Wells Fargo this year repeatedly have said the home lending division would shrink. billion year-over-year.

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Business Mortgage Lending Investors 404

Housing Wire

MAY 11, 2022

Dubbed the “Homepoint Cash Compete,” the fintech platform provides home shoppers with the cash needed to compete with investors and other more attractive offers, according to the lender. The firm expects homebuyers to close a cash home purchase loan as fast as 10 business days without an appraisal or financing contingency.

Lending 382

Lending Real Estate Agent Investors Finance 382

Housing Wire

MARCH 22, 2021

John Hedlund: Non-delegated lending can serve multiple purposes for different types of lenders. For mortgage brokers looking to make the jump to mortgage banking, non-delegated lending is the perfect way to build the resume they need on their journey to a fully delegated, agency-approved seller and servicer.

Business 488

Business Lending Investors Sellers 488

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Liquidity had dried up and bond investors, which underpin the non-QM market, were running for the hills. Citadel resumed non-QM lending in the summer. The change is effective Monday. “We

Lending 418

Lending Investing Business Retail 418

Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Its home-lending business sported $1.71 The post JPMorgan Chase has a plan to increase purchase mortgage business appeared first on HousingWire.

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Business Mortgage Retail Lending 433

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. We were founded during a time of volatility and our business model has set us up to survive challenging times since. Not in droves like in 2021, but the business is out there.

Lending 382

Lending Loan Officers Training Investors 382

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. Isn’t this just good business practice anyway?

Business 393

Business Appraisal Real Estate Agent Clients 393

Housing Wire

DECEMBER 14, 2021

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ). And it is growing fast, he added. “We’re

Lending 382

Lending Technology Government Investors 382

Housing Wire

JANUARY 11, 2023

Nashville, Tennessee-headquartered Defy Mortgage is the latest player to join the non-QM (non-qualified mortgage) lending space, which targets entrepreneurs and gig workers who have various forms of collateral, including cryptocurrency. We are able to count it as liquidity from a reserve requirement and for asset depletion.”.

Lending 414

Lending Mortgage Marketing Technology 414

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). Optimal Blue , a division of Black Knight, Inc. Black Knight, Inc.

Investors 382

Investors Finance Clients Real Estate 382

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. Mike Cagney, SoFi. billion across these deals.

Lending 330

Lending Technology Finance Insurance 330

Housing Wire

JANUARY 5, 2023

Silvergate Capital Corporation , parent company of Silvergate Bank , which provided services to Sam Bankman-Fried’s now-collapsed crypto empire, walked away from its mortgage warehouse business and cut workforce by 20% as clients pulled $8.1 billion in crypto-related deposits. Securities and Exchange Commission filing.

Lending 393

Lending Mortgage Investors Clients 393

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. billion in 2021, up 9% compared to 2020, mainly due to reverse and commercial businesses. It also has a home improvement business.

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Finance Investors Mortgage Home Improvement 382

Housing Wire

JUNE 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market.

Lending 370

Lending Housing Market Technology Business 370

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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Brokerage Real Estate Lending Mortgage 393

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Business Lines, Services and Products. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.

Lending 404

Lending Valuation Clients Tools 404

Housing Wire

SEPTEMBER 14, 2020

We are living in fast-changing times, and lenders that don’t embrace those changes will not compete well for business in a post-COVID-19 world. In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. Peering into the future of lending.

Lending 457

Lending Mortgage Technology Business 457

Housing Wire

NOVEMBER 9, 2023

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. Acra is being cautious, Lind said, tightening its lending guidelines.

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Lending Investors Business Mortgage 413

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? What percentage of their overall business is non-QM?

Investors 370

Investors Investing Insurance Lending 370

Housing Wire

MAY 28, 2024

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. Parrish joined the Incenter group in 2016 through its business CampusDoor, a third-party student and specialty loan origination platform.

Property Taxes 410

Property Taxes Lending Insurance Sellers 410

Housing Wire

OCTOBER 13, 2020

In a presentation to investors, the Jamie Dimon-led bank said it had originated $29 billion in residential mortgages in the third quarter, up 20% from the second quarter. billion in revenue from its home lending division in the third quarter, according to the investor presentation. billion in Q3 2019). 30 had a total of $28.5

Business 393

Business Mortgage Retail Investors 393

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HousingWire: What sets you apart from other non-QM lenders and how does that benefit originators and investors?

Lending 371

Lending Clients Investing Investors 371

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. Proprietary product offerings are on the table as well.

Mortgage 406

Mortgage Loan Officers Investors Business 406

Appraisal Buzz

NOVEMBER 16, 2021

have launched a new digital lending platform powered by machine learning to grow its small balance multifamily lending business. “Multifamily investors want a faster and more transparent borrowing experience,” comments Alison Williams, Walker & Dunlop’s senior vice president and chief production officer.

Lending 150

Lending Investors Finance Business 150

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 404

Lending Contracts Investors Technology 404

Housing Wire

SEPTEMBER 29, 2020

This sounds like great news for lenders, for whom millions of newly refi-eligible mortgages means a lot of new business coming in. To help prepare, the industry experts at TMS have compiled a list of proactive steps to take to make sure that, when refi sweets are less abundant, your business will already be nutritious.

Lending 424

Lending Loan Officers Business Investors 424

Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. Right now, we have 200 different investors.”

Loan Officers 414

Loan Officers Mortgage Retail Lending 414

Housing Wire

JANUARY 26, 2022

“The management teams already had a good relationship, they have similar visions for this space, and the existing product integrations — all those things taken together made this a great opportunity to invest in both businesses,” Ryder said. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investors 377

Investors Mortgage Investing Loan Officers 377

Housing Wire

MARCH 28, 2024

In the meantime, Kortas announced during a weekly Town Hall on Tuesday that company president Grella had been terminated, which means he will not be involved in the company’s daily operations or strategic decisions for the growth of the business. of the company and there were no outside investors. NEXA did $6.29

Mortgage 433

Mortgage Brokerage Loan Officers Business 433

Appraisal Buzz

APRIL 29, 2022

has entered into a definitive agreement to acquire Riverbend Funding LLC and its subsidiaries, a private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction. The post Redwood Trust Acquires Riverbend Lending to Integrate into CoreVest appeared first on Appraisal Buzz.

Lending 150

Lending Real Estate Investors Finance 150

Housing Wire

NOVEMBER 14, 2022

Demand from investors is still solid, albeit more guarded. Self-employed borrowers, real estate investors and credit-worthy borrowers who have recovered from credit issues will always be in the market. Get in the non-QM game and win more business to help grow now and in the future. There is some good news and some not so good.

Lending 423

Lending Investors Loan Officers Technology 423

Housing Wire

APRIL 18, 2024

Higher interest rates , shrinking Agency business and low inventory still threatens volume. After all, adding non-QM simply means access to a larger borrower pool and the opportunity to grow your business. We utilize common-sense lending and offer exceptions that enable a range of flexible funding options. today – and growing.

Marketing 424

Marketing Investors Real Estate Business 424

Housing Wire

JUNE 3, 2024

“Too often, financial firms treat penalties for illegal activity as the cost of doing business,” CFPB Director Rohit Chopra said in prepared remarks. State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available.

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Law Mortgage Business Lending 327