Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. Such a scenario illustrates the growing disparities in the U.S. housing market. As one struggling group of homeowners braces for the end of forbearance and navigates COVID-19-related economic shocks, another segment is better positioned than ever to scoop up properties that become available.

Lending 545

Lending Mortgage Insurance Housing Market 545

JMV Lending

FEBRUARY 3, 2021

The shortage of qualified appraisers is worse than ever for several reasons: Demand exceeds supply. The continued surge in both refinance and purchase transactions has created a situation where the demand for appraisers far exceeds the supply. COVID concerns. B/c of COVID concerns, many appraisers are justifiably reluctant to accept orders requiring physical (interior) inspections. […].

Appraisal 122

Appraisal Inspection Lending 122

Housing Wire

FEBRUARY 3, 2021

United Wholesale Mortgage originated more than $54 billion in mortgages and generated more than $1.3 billion in net income during the fourth quarter, the company revealed on Wednesday. The wholesale lender’s parent company reported $54.7 billion in originations, a 71% increase from the $31.9 billion the Michigan-based lender originated in the fourth quarter in 2019.

Mortgage 517

Mortgage Investors Technology Investing 517

DataMaster

FEBRUARY 3, 2021

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. If you haven’t taken the time to read it, you can take a few minutes and read it here: Public Affairs Detail | Federal Housing Finance Agency (fhfa.gov).

Appraisal Process 78

Appraisal Process Appraisal Modernization Training 78

Housing Wire

FEBRUARY 3, 2021

Mortgage applications jumped 8.15% from the week ending Jan. 29, breaking a two-week streak of decreases, according to the latest data from the Mortgage Bankers Association. The refinance index also increased 11% from the previous week – up to its highest level since March 2020 – and was 59% higher year-over-year. The seasonally adjusted purchase index increased 0.1% from one week earlier, though the unadjusted purchase Index increased 8 percent compared with the prior week and was 1

Mortgage 422

Mortgage Contracts Government Inventory 422

BiggerPockets

FEBRUARY 3, 2021

Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought […].

Real Estate 69

Real Estate Investors 69

BiggerPockets

FEBRUARY 3, 2021

Nearly 90% of new real estate agents quit within their first year. What a number! Find out why that's the case and how to avoid this fate.

Real Estate Agent 70

Real Estate Agent Real Estate Agents 70

Housing Wire

FEBRUARY 3, 2021

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. Attorney’s Office in Chicago said Tuesday. Federal authorities this week announced multiple fraud charges against real estate developer Andrzej Lajewski, 53; loan originator Agnieszka Siekowski, 46; loan processor Aldona Bobrowicz, 45; and home remodeler Andrzej Bukowski, 66.

Mortgage 386

Mortgage Government Real Estate Development 386

BiggerPockets

FEBRUARY 3, 2021

Learn why these major factors are set to make 2021 the year for banking deals in the tangible asset class, including real estate.

Real Estate 70

Real Estate 70

Housing Wire

FEBRUARY 3, 2021

Pacific Western Bank , the wholly owned subsidiary of PacWest Bancorp , announced Tuesday it had acquired Civic Financial Services , a private money lender that caters to real estate investors. Wedgewood , a real estate investment firm that focuses on distressed properties, was the seller of Civic. Terms of the deal were not disclosed. Pacific Western Bank hailed the acquisition as a strategic move into specialized areas of the non-QM market.

Investors 318

Investors Real Estate Lending Investing 318

Housing Wire

FEBRUARY 3, 2021

Figure Technologies CEO and co-founder Mike Cagney will be speaking on mortgage disruption and the outlook for 2021 at HousingWire’s Spring Summit on March 4. Prior to Figure, Cagney cofounded Social Finance (SoFi). He also co-founded Cabezon , a global macro hedge fund and proprietary trading shop that works for a select group of family office clients.

Technology 304

Technology Valuation Real Estate Design 304

Housing Wire

FEBRUARY 3, 2021

This HousingWire Daily interview transcription features a crossover episode from HousingWire’s Housing News podcast. In this episode, Vermillion Consulting ’s Dale Vermillion discusses how mortgage lenders can best adjust their businesses during periods of growth and how they can also support their staff during tumultuous times. Listen to the full episode here and make sure to subscribe to the podcast on iTunes.

Training 243

Training Insurance Mortgage Business 243

Housing Wire

FEBRUARY 3, 2021

When it comes to household trends they are often going in and out of style. This means what was out of trend a few years ago would be in style a year or two later. So, in 2021, we’re likely to see older and rustic trends being adopted as conventional ones take a back seat. Other design trends for this upcoming year are the minimalist style and the use of a variety of colors.

Design 458

Design Modernization Decorating Renovations 458

Housing Wire

FEBRUARY 3, 2021

In a bid to aid borrowers, the Department of Housing and Urban Development announced on Wednesday a series of temporary waivers that will allow servicers to use alternative methods when servicing FHA -insured forward and reverse mortgages. Rather than conducting face-to-face interviews, HUD’s waiver will allow substitute methods for servicers to conduct borrower interviews for FHA-insured forward and reverse mortgages when performing early default interventions, specifically for borrowers

Mortgage 487

Mortgage Insurance Lending Retail 487