Housing Wire

JULY 20, 2022

The Joe Biden administration broadly identified this financing issue. The problem then, the authors found, is ascertaining favorable financing. How to minimize tenant turnover using online property management tools. The post Financing proves an obstacle for ADUs appeared first on HousingWire.

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Housing Wire

JUNE 7, 2022

The Federal Housing Finance Agency ‘s (FHFA) inaugural mission report, released Monday, offers a glimpse into the fair lending performance of Fannie Mae and Freddie Mac , showing the agencies continue to back fewer loans to Black and Latino applicants, despite an uptick in applications submitted by those minorities.

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Housing Wire

FEBRUARY 22, 2022

Federal finance and housing regulators today issued a statement to assure lenders they are on the same page when it comes to special purpose credit programs. Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing.

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Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

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Housing Wire

MAY 16, 2024

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. Flagstar Bank recently announced its exit from the warehouse lending space.

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Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. Reverse mortgages have been part of our lending solutions toolkit since our founding,” she says.

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Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Services include live modeling, exclusive shock analysis and note-rate hedging tools, sophisticated pooling capabilities and True BESTX.

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Housing Wire

DECEMBER 14, 2021

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ). million,” the report states.

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Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

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Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

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Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. From loan submission to servicing loans, its end-to-end, customer-first lending process is all about ease, quick turn times, and transparency.

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Housing Wire

MARCH 18, 2024

The Federal Housing Administration (FHA) announced on Monday that it has raised lending limits for its Title I Manufactured Home Loan Program , a move designed to align the FHA with market forces and to encourage more lenders to participate in the program as the Biden administration makes a renewed push on affordable housing.

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Housing Wire

FEBRUARY 7, 2024

mortgage finance system. In the first year, each agency should implement a Section 515 loan product while providing additional equity investments to Community Development Fund Institutions (CDFIs) that are engaged in Section 515 financing. Better loan products to serve “high-needs rural regions” should also be developed.

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Housing Wire

JANUARY 2, 2024

Any one of these indicators points to a housing finance industry ripe for innovation. Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Right now, there’s both a compelling need and the technological capacity to do mortgage lending differently.

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Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona.

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Housing Wire

MAY 24, 2022

Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process. The desire to invest in appraisal modernization came in third place, with 29% of lending institutions reporting that this was a top-of-mind investment.

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Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

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Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

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Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements.

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Housing Wire

JUNE 28, 2023

“Requiring the SCIF can inform a lender or mortgage servicer ’s provision of services in languages other than English and in accordance with a borrower’s understanding of the homebuying and mortgage lending processes,” the FHA said in an announcement.

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Housing Wire

APRIL 24, 2024

By picking the right partner for cloud and technology, we were able to reallocate resources to other strategically important projects, including building proprietary tools for customer retention, loan modification and onboarding portfolios,” Bray said. Mr. Cooper Group also acquired Home Point Capital and Roosevelt Management Co.

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Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. Mortgage lending businesses tend to place the greatest value on production-oriented LOs — and it shows in compensation formulas tuned in to new applications and new loans rather than customer retention and loyalty.

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Housing Wire

MAY 10, 2023

The company offers direct-source data portability tools for mortgage, lending, banking, background and tenant screening, and other use cases. Payroll connectivity platform Argyle announced this week that it has grown the number of its consumer verifications 100% year over year and has welcomed over 35 new customers so far in 2023.

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Housing Wire

MARCH 17, 2022

“With technology impacting all areas of our lives, it is time for participants across the mortgage ecosystem to experience an improved process that simply works better and costs less,” said Daniel Wallace, GM of Figure Lending.

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Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 4,105 FirstCloseFirstclose.

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Housing Wire

FEBRUARY 7, 2023

Legacy Mortgage recently celebrated its 20-year anniversary of providing home financing and our team has always admired the company’s commitment to its employees and customers… Our combined strengths will drive further growth throughout the Southwest.” The acquisition is Guild’s second pickup in the last three months.

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Housing Wire

FEBRUARY 1, 2023

“Servicing Digital can present customer-specific ‘what if’ scenarios for refinancing, getting a home equity loan or purchasing another property, and positions a servicer’s lending division for additional business if a customer decides to pursue any of the home financing options presented,” Madigan said.

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Housing Wire

JANUARY 4, 2024

While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. Older Americans are forced to navigate a series of serious financial challenges compounded by their needs for both housing and later life care.

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Housing Wire

OCTOBER 12, 2022

Stavvy , a fintech company at the intersection of lending and real estate, on Wednesday announced partnering with Guaranteed Rate , one of America’s largest nonbanks. The announcement comes shortly after Guaranteed Rate walked away from talks to acquire Finance of America ’s forward mortgage retail channel.

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Housing Wire

JUNE 24, 2021

HousingWire recently spoke with William Tessar, president of Civic Financial Services , about the private lending space and how LOs can benefit from serving real estate investors. . HousingWire: What is the current outlook for the private lending space as the market shifts from a refi boom to a flooded purchase market?

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Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. But with this opportunity comes a great responsibility – providing the highest service to our Active Duty, Veterans, and their spouses, and protecting them from abusive lending practices.

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Housing Wire

OCTOBER 11, 2022

Insellerate’s platform, which has a built-in lead management and automated marketing, enables lenders to improve both the borrower and loan officer experience by leveraging tools such as phone, text messaging, email, direct mail, chatbots, and customer monitoring.

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Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. Ally created a one-stop shop with all the tools, resources and products a homebuyer might need, its news release stated.

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Housing Wire

DECEMBER 7, 2023

It’s now been 15 years since the Housing and Economic Recovery Act (HERA) was signed into law and the Federal Housing Finance Agency (FHFA) took over Fannie Mae and Freddie Mac. The two entities have since paid back the $191 billion bailout and almost $100 billion more in profits to taxpayers.

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Housing Wire

MAY 16, 2024

Fannie Mae and Freddie Mac now accept out attorney opinion letters and their regulator, the Federal Housing Finance Agency , recently rolled out a new pilot program to waive lender title requirements on refinancings. 0% down During UWM Live!, AI CHAT During UWM Live!, ChatUWM is based on the company’s knowledge base, “The Search.”

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Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. The legislation would provide several tools to help stem the loss of Section 515 affordable-housing in rural America.

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Housing Wire

OCTOBER 24, 2023

. “The rule maintains a focus on evaluating bank performance in areas where banks have deposit-taking facilities, but also enables evaluation of retail lending and community development activities outside of branch networks,” Michael S. Barrs, Fed vice chair for supervision, said in a statement.

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