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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Reputational risk Mortgage companies, tech vendors and investors are taking steps to protect their systems. Training their workforce is also crucial, they said.

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What’s in store for non-QM in 2024?

Housing Wire

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. MW: Non-QM provides a source of financing solutions that caters towards homeownership of a growing population of underserved borrowers in the United States.

Investors 450
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Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

Housing Wire

Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. in 2008 and 2009.

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UWM not ready to fully commit to cryptocurrency payments

Housing Wire

But don’t expect UWM to jump aboard the crypto train just yet. trillion as of Wednesday, has been the talk of the finance world this year. Some investors have even posed the question as to whether crypto should become its own asset class. The cryptocurrency universe, worth over $2.4

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AmeriFirst Financial gets back into forward mortgage origination

Housing Wire

In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs). Its BPL business originates about $30 million in volume every month, according to the firm.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates. At Finance of America , reverse mortgages have been a ??

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Stakes are high as first buyer broker commission lawsuit goes to trial today

Housing Wire

However, many brokers aren’t waiting for that to happen before preparing agents, implementing buyer-broker agreements, and training agents on transparency in how commissions are paid and negotiable. What’s at stake may be much bigger than that. ” The true result remains to be seen and a verdict will likely be appealed. .”

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