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.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. And future rate cuts mean less return [for investors].

Investors 417

Investors Government Mortgage Investing 417

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage.

Finance 395

Finance Mortgage Retail Home Value 395

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. According to the tech leader, “it feels like there’s a target on mortgages,” which makes sense considering the types of data and documents these companies deal with.

Mortgage 454

Mortgage Supply Chain Investors Technology 454

Housing Wire

FEBRUARY 7, 2024

According to a Bloomberg report, the bank has already started to offer its mortgage assets to investors in order to transfer the portfolio risks. Bloomberg, citing anonymous sources, reported that NYCB has contacted investors to finance a large portfolio of residential mortgages held by Flagstar Bank.

Mortgage 437

Mortgage Marketing Investors Real Estate 437

Housing Wire

SEPTEMBER 21, 2023

(ICE) and investment research firm Delta Terra Capital announced a partnership to offer climate-adjusted credit risk analytics for residential and commercial mortgage-backed securities (MBS). DeltaTerra Capital is an investment research and consulting firm focused on climate risk analysis for institutional investors.

Investors 231

Investors Investing Finance Insurance 231

Housing Wire

NOVEMBER 7, 2023

The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market. The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending.

Mortgage 446

Mortgage Marketing Finance Lending 446

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.

Investors 395

Investors Insurance Finance Government 395

Housing Wire

JULY 17, 2023

The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap.

Mortgage 370

Mortgage Tools Insurance Development 370

Housing Wire

SEPTEMBER 7, 2022

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. Milo is not currently offering mortgage solutions outside the United States. The product has a fixed rate starting at 7.95%.

Mortgage 427

Mortgage Loan Conditions Finance Investing 427

Housing Wire

MARCH 5, 2024

Effective immediately, issuers of Ginnie Mae mortgage-backed securities must notify Ginnie Mae of any cybersecurity incident within 48 hours of its detection. At the Mortgage Bankers Association (MBA) servicing solutions conference held in February, cybersecurity emerged as a focal point for Ginnie Mae.

Insurance 427

Insurance Government Investors Finance 427

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. 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. The company ceased operations in July 2017 after years of declining volumes.

Mortgage 397

Mortgage Investors Investing Technology 397

Housing Wire

JULY 19, 2022

Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. or pursue refinancing.

Mortgage 427

Mortgage Design Insurance Lending 427

Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. Accounting for geography, differences in title and settlement costs across groups of borrowers were not “economically meaningful.”

Insurance 436

Insurance Property Taxes Real Estate Sellers 436

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. High mortgage rates are exacerbating inequality between people who own homes and people who don’t,” Redfin Senior Economist Sheharyar Bokhari said. In September, government-insured FHA loans represented a little over 15% of U.S.

Mortgage 437

Mortgage Buyers Insurance Government 437

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 370

Mortgage Property Taxes Housing Market Buyers 370

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 383

Lending Business Retail Client Relationships 383

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. Inside Mortgage Finance (IMF) first reported on the topic.

Lending 370

Lending Finance Insurance Investors 370

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. However, CPL Validations issues, including agent good standing, issuance limits or title file order registered in title insurer systems, recorded the largest increase, jumping 29.32%. In total, CPL issues were found on 44.6%

Insurance 446

Insurance Agents Tools Legal 446

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. Mortgage applications decreased 13.2% That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy.

Mortgage 525

Mortgage Loan Officers Insurance Investors 525

Housing Wire

JULY 19, 2022

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. Although investors have poured an increasing amount of money into fintechs — $1.7 But that scenario is a long way off.

Mortgage 383

Mortgage Finance Technology Legal 383

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. 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.

Technology 395

Technology Mortgage Tools Insurance 395

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

Modernization 370

Modernization Mortgage Lending Investors 370

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Movement Mortgage , First American Financial and FinVC also joined existing investors 8VC , Khosla Ventures and Fifth Wall.

Technology 294

Technology Mortgage Insurance Clients 294

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. Finance data. Investors were nonplussed.

Mortgage 383

Mortgage Retail Finance Investors 383

Housing Wire

NOVEMBER 2, 2023

Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022. Mortgage tech platform Modex shows that Strauss, the only mortgage loan officer at Smart Rate, originated $5.56

Business 437

Business Loan Officers Law Mortgage 437

Housing Wire

OCTOBER 11, 2023

A number of players in the industry benefit from the risk data, including real estate investors who need additional insights to make informed decisions. This may give investors pause as to whether a particular real estate investment is a sound one. If adopted, the rule might have a ripple effect on housing agencies such as the U.S.

Real Estate 437

Real Estate Insurance Investors Law 437

Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. Mortgages would be subject to FHA loan limits. Homebuyers would pay an up-front mortgage insurance premium of 3.6 percent of the principal, which could be financed, and would not pay a monthly insurance premium. Al Lawson (D-Fla.),

Finance 469

Finance Insurance Loan Officers Government 469

Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

Insurance 383

Insurance Supply Chain Design Government 383

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. Blend Labs CEO Nima Ghamsari is a betting man. He was right.

Mortgage 383

Mortgage Technology Clients Insurance 383

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. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 395

Mortgage Loan Officers Finance Investors 395

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The problem is, a mortgage credit reject (MCR) is kind of like your scarlet letter, to be completely honest,” Gastelum said. That changed on September 11.

Loan Officers 395

Loan Officers Mortgage Finance Clients 395

Housing Wire

AUGUST 2, 2022

The proposal, by Laurie Goodman, the founder of Urban’s housing finance policy center, Ted Tozer, former president of Ginnie Mae , and Alexei Alexandrov, former chief economist at the Federal Housing Finance Agency , would see measures implemented during the pandemic made permanent. But while the borrower isn’t paying, who would?

Government 370

Government Insurance Investors Finance 370

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 417

Housing Market Marketing Contracts Finance 417

Housing Wire

FEBRUARY 9, 2023

A regulator in Illinois has suspended the MLO license of industry veteran Michael Strauss and the license for his mortgage company, Smart Rate Mortgage, essentially blocking the company from operating in the state, according to the Nationwide Multistate Licensing System (NMLS). Strauss agreed to pay a $2.45

Real Estate 370

Real Estate Investors Finance Mortgage 370

Eppraisal

NOVEMBER 28, 2023

Here’s what you need to qualify for a loan, plus the rundown on five financing choices.   You can still qualify for a mortgage loan even if you have low income or bad credit and are willing to pay a small down payment. Conventional Mortgages Conventional mortgages are home loans not insured by the federal government.

Finance 69

Finance Government Insurance Property Taxes 69

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Investing 369

Investing Finance Modernization Investors 369

Housing Wire

AUGUST 24, 2023

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. and created a refi boom for mortgage lenders like Better. At that time, the company was valued by its investors at $7.7 the prior day. at the closing on Thursday. The company posted a loss of $89.9

Insurance 370

Insurance Mortgage Realtors Business 370