Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up. In our business, that’s the refinance transaction.

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Mortgage Technology Tools Business 466

Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Prior to this new position, she served as the chief investor and industry relations officer of Home Point Financial Corporation.

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Investors Insurance Finance Government 397

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. Some economists say that this development contributed to drive up the 10-year treasury yield to its highest level since November 2022. The following day, the U.S.

Mortgage 370

Mortgage Inventory Government Buyers 370

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 430

Lending Renovations Construction Finance 430

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs. dollars for mortgage transactions.

Mortgage 421

Mortgage Clients Lending Investors 421

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 384

Mortgage Loan Officers Government Buyers 384

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

Lending 432

Lending Government Legal Law 432

Housing Wire

JULY 13, 2022

ESG investing — that is “environmental, social and governance” money management — goes by many monikers. The Securities and Exchange Commission has begun the process of developing mandated disclosure regimes for funds that consider ESG factors in their marketing material. Same with “first-time homebuyer” flagged mortgages.

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Investing Mortgage Investors Transportation 384

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 432

Mortgage Investors Tools Technology 432

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. It makes sense that the investors are asking lenders to ward off as many problems as possible [via QC efforts] before a loan is made.

Investors 421

Investors Technology Mortgage Training 421

Housing Wire

MAY 4, 2021

On Tuesday, a report from the government watchdog may have just kicked up the incentive. According to the report, in March 2021, consumers submitted more mortgage complaints to the CFPB than in any month since April 2018. As we warned mortgage servicers last month, unprepared is unacceptable.”. year over year.

Mortgage 450

Mortgage Government Investors Development 450

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

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Government Mortgage Investors Finance 421

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

Mortgage 410

Mortgage Training Business Transportation 410

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We’re not huge, but we’re not small either.”.

Mortgage 450

Mortgage Technology Investing Investors 450

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer.

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Renovations Development Investors Legal 508

Housing Wire

SEPTEMBER 11, 2023

The Federal Housing Finance Agency (FHFA) on Monday announced that it will offer additional opportunities for public engagement as it considers the transition to updated credit score models and credit report requirements for loans acquired by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Finance 397

Finance Government Mortgage Investors 397

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 466

Inventory Renovations Real Estate Government 466

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.”

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Loan Officers Investors Mortgage Clients 397

Housing Wire

SEPTEMBER 13, 2021

Alanna McCargo, senior advisor at the Department of Housing and Urban Development , has been picked by the Biden administration to head Ginnie Mae. She also worked at CoreLogic as the head of government solutions and held various leadership roles with JPMorgan Chase and Fannie Mae. Check back for updates on this breaking news story.

Finance 458

Finance Development Government Investors 458

Housing Wire

SEPTEMBER 2, 2022

Since its inception last summer, OWNS has focused on investing in agency mortgage-backed securities (MBS) that are collateralized by custom-created mortgage pools. Those securitized loan pools currently include 375 mortgages on homes owned primarily by minority and low-to-moderate income (LMI) families. CCM has invested over $3.9

Marketing 458

Marketing Investing Investors Development 458

Housing Wire

JANUARY 29, 2024

After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. Connie Kim : Fannie Mae calls for mortgage rates to dip below 6% by the end of this year. If mortgage rates get down to 5%, then I think there is a nonlinear piece to it.

Housing Market 458

Housing Market Marketing Mortgage Investors 458

Housing Wire

SEPTEMBER 15, 2023

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans. 30% of the buyer’s gross income should be available to use towards their mortgage payments.

Real Estate 421

Real Estate Government Law Buyers 421

Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . It’s going to happen at some point, or at least make it much easier.”. Automation just increases efficiencies,” Hutchens added.

Lending 384

Lending Technology Government Investors 384

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 410

Marketing Investors Government Investing 410

Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending. They stepped into the void created as some large banks retreated from the mortgage market.

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Lending Development Government Finance 508

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. Department of Housing and Urban Development (HUD) in August 2022.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

FEBRUARY 19, 2024

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. When the mortgage balance is increasing at a faster pace than home prices, more time in foreclosure only digs a deeper home equity hole for distressed homeowners. Assuming he put 3.5% Of more than 8.7

Real Estate 441

Real Estate Property Taxes Insurance Government 441

Housing Wire

DECEMBER 11, 2020

In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team. Private equity-backed mortgage originator Interfirst Mortgage Company hired Bryan Filkey as its new chief strategy officer.

Lending 397

Lending Legal Clients Development 397

Housing Wire

MAY 23, 2022

While the amount of equity Americans own in their homes has risen dramatically in aggregate, Americans still have between $15 trillion and $18 trillion in mortgage debt. Government policy innovation is similarly fraught though offers a great deal of potential. So, what can be done? Supply innovation is a complex issue. Yes, the U.S.

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Government Supply Chain Finance Development 397

Housing Wire

APRIL 9, 2021

“This strategic acquisition bolsters recurring revenues and accelerates the development of Voxtur’s data ingestion engine, allowing clients to achieve optimal efficiency and cost savings,” Voxtur said in a statement. Canadian real estate technology company Voxtur Analytics Corp. million, the company said this week.

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Appraisal Valuation Real Estate Agent Real Estate 397

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.

Law 421

Law Legal Valuation Government 421

Housing Wire

MARCH 31, 2022

We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. Non-QM, like any mortgage product, is affected by interest rate fluctuations. And investor guidelines are continually evolving. But, as we’ve noted, necessity is changing this.

Marketing 397

Marketing Investors Technology Loan Officers 397

Housing Wire

APRIL 26, 2023

On March 29, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac would enhance their COVID-19 pandemic-era deferral policies which allowed homeowners experiencing hardship to defer up to six months of mortgage payments to be settled at the end of the loan.

Insurance 384

Insurance Mortgage Government Investors 384

Housing Wire

JULY 31, 2022

With the recent acquisition of International Document Services (IDS), Wolters Kluwer has solidified its position as a digital mortgage solutions leader. Steven Meirink oversees the P&L, operations, and growth strategy for the company’s Governance, Risk & Compliance Solutions business unit.

Lending 370

Lending Technology Real Estate Government 370

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Jobs are important.

Real Estate 384

Real Estate Brokerage Real Estate Agent Technology 384

Housing Wire

FEBRUARY 2, 2021

Digital mortgage servicer Valon (formerly known as Peach Street ) announced on Tuesday it picked up $50 million in a Series A funding round spearheaded by venture capital heavyweight Andreessen Horowitz. Repeat investor 166 2nd , the family office of Adam Neumann, co-founder of WeWork , also contributed to the latest round.

Investors 276

Investors Investing Mortgage Design 276