Housing Wire
JANUARY 11, 2021
The moment has finally arrived: California-based lender loanDepot has filed an updated S-1 with the Securities and Exchanges Commission and plans to go public in 2021. The company, founded by billionaire entrepreneur Anthony Hsieh, said Monday that its affiliate loanDepot Inc. had confidentially filed paperwork, but it hasn’t determined how much stock will be sold or at what price.
Appraisal Hub
JANUARY 11, 2021
As a business property owner, it is your responsibility to consider certain factors that can affect its value before you buy or sell. After all, every commercial property is different in terms of value, supply, demand, size, location, and other qualities that may affect valuation. So if you are considering a commercial real estate appraisal in Toronto, be sure to have it done by an experienced property appraiser.
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Housing Wire
JANUARY 11, 2021
The U.S. forbearance rate fell seven basis points last week to 5.46% of servicer’s portfolio volume, according to a survey from the Mortgage Bankers Association on Monday. As of last week’s data set, forbearance portfolio share is now below numbers Black Knight reported in mid-April of 2020. Every investor class managed to see a decline in rate, with Fannie Mae and Freddie Mac once again claiming the smallest forbearance rate at 3.19%.
Housing Wire
JANUARY 11, 2021
Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials. Syndicated columnist Lew Sichelman reported Sunday that Dmitry Shkipin of HomeOpenly.com alleged that Rocket Homes was receiving what amounted to illegal kickbacks while vi
Housing Wire
JANUARY 11, 2021
With so many new hires in the industry, we’re adding our weekly people mover announcement list to the beginning of the week. Wyndham Capital Mortgage appointed Mike Ciambotti as chief information officer, bringing more than 17 years of financial technology experience to the position. Ciambotti joins the company from Wells Fargo where he most recently served as chief technology officer for Home Lending Servicing Technology.
Housing Wire
JANUARY 11, 2021
Even with total credit risk transfers (CRT) and non-QM lending trending down due to seasonality, some observers are predicting a strong beginning to 2021. Officials with dvo1, a lending markets analytics company , remain encouraged by low levels of new impairments, which reached pre-pandemic levels in both CRT and non-QM. Vadim Verkhoglyad, dv01 vice president and co-head of research and publication, said modifications should conclude in the upcoming months and the industry shouldn’t expec
Housing Wire
JANUARY 11, 2021
Fannie Mae ‘s former head of single family lending, Andrew Bon Salle, will get to see an IPO after all – the mortgage veteran was named chairman of the board of Home Point Capital on Monday. Bon Salle, a 30-year industry stalwart who was tasked with transforming the government service enterprise from a fax machine-heavy operation into a 21st -century company, left Fannie Mae in the fall.
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