Housing Wire

SEPTEMBER 13, 2022

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. The mortgage credit availability index (MCAI) fell marginally by 0.5% in August from the previous month, according to the Mortgage Bankers Association (MBA). billion in 2022 from last year’s $4.4

Lending 370

Lending Government Mortgage Investors 370

Housing Wire

AUGUST 17, 2022

Securities and Exchange Commission (SEC) over insider-lending allegations brought against the bank and its former top executive, Ronald Paul. The bank, which operates a mortgage-lending unit, along with its holding company, Eagle Bancorp Inc., The lender’s residential mortgage-loan portfolio stood at $72.8

Lending 380

Lending Government Investors Law 380

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Mortgage 420

Mortgage Investors Real Estate Business 420

Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . With non-QM, the scenarios are just everywhere, and it requires an expertise and a skill set that takes years to learn.

Lending 380

Lending Technology Government Investors 380

Housing Wire

APRIL 23, 2024

Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. Retirement investors are best protected by a uniform and protective framework.”

Investing 416

Investing Investors Design Government 416

Housing Wire

AUGUST 16, 2022

Nearly 70 mortgage lenders and brokers made it on the list of Inc. All the top five mortgage lenders debuted on the Inc. theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. All the top five mortgage lenders debuted on the Inc.

Mortgage 370

Mortgage Lending Investors Brokerage 370

Housing Wire

APRIL 5, 2024

mortgage industry recently had to remind itself of this fact when a CNN analysis found that the nation’s largest credit union, Navy Federal, has the widest disparity in mortgage approval rates between white and black borrowers of any major lender. Is the mortgage industry offering fair access to loans?

Mortgage 408

Mortgage Lending Buyers Property Management 408

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. 8. “With the acquisition of AFR, we will build on our already strong mortgage platform.

Lending 411

Lending Renovations Construction Finance 411

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 402

Mortgage Marketing Investors Lending 402

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 426

Marketing Mortgage Investors Sellers 426

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

MARCH 20, 2024

As with investors strengthening their bets of an initial rate cut in June, that same sentiment is shared among housing pros. “I The average 30-year fixed mortgage rate was at 7.09% on Wednesday, compared to 6.66% a year ago, according to HousingWire’s Mortgage Rates Center.

Mortgage 437

Mortgage Government Lending Investors 437

Housing Wire

SEPTEMBER 29, 2022

Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The company issued pink slips to 75 employees last week, about 20% of its workforce, citing the “current economic environment that has challenged the entire mortgage market.”

Mortgage 370

Mortgage Lending Investors Government 370

Housing Wire

FEBRUARY 21, 2023

“Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. FOA announced its intention to exit the forward mortgage originations business in late 2022 by winding down the operations of Finance of America Mortgage.

Business 366

Business Lending Finance Real Estate 366

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up. In our business, that’s the refinance transaction.

Mortgage 460

Mortgage Technology Tools Business 460

Housing Wire

FEBRUARY 9, 2023

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. This week, Guild announced it has acquired Legacy Mortgage.

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

SEPTEMBER 11, 2020

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% The data comes from about 95 lenders and investors, MBA said. 20 forecast.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 417

Mortgage Clients Lending Investors 417

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

JANUARY 9, 2024

Ohio-based mortgage lender CrossCountry Mortgage has adopted the updated credit scoring model FICO Score 10 T to support origination of non-conforming loans and issue mortgage-backed securities (MBS), the company announced on Tuesday.

Investors 437

Investors Mortgage Finance Government 437

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Mortgage 427

Mortgage Government Investors Marketing 427

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 487

Mortgage Government Retail Lending 487

Housing Wire

SEPTEMBER 29, 2020

As the Fed pulls out all the stops to stimulate economic activity, mortgage rates have reached record lows. This sounds like great news for lenders, for whom millions of newly refi-eligible mortgages means a lot of new business coming in. They are specialists when it comes to buying and servicing government loans.

Lending 427

Lending Loan Officers Business Investors 427

Housing Wire

FEBRUARY 4, 2021

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. million security backed by non-QM mortgages that have seasoned for an average of nine months, a presale report from S&P Global Ratings showed. Non-QM lending is poised for growth in 2021.

Mortgage 384

Mortgage Marketing Lending Government 384

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We’re not huge, but we’re not small either.”.

Mortgage 446

Mortgage Technology Investing Investors 446

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

OCTOBER 16, 2023

And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. At a time when you desperately need stability, your own government is sowing the seeds of profound instability.

Government 417

Government Mortgage Lending Finance 417

Housing Wire

OCTOBER 2, 2020

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. There are a few lessons to remember here: Nonbanks did not create the unsustainable mortgage market. Nonbanks are intermediaries that originate loans to the terms of the ultimate investor.

Government 523

Government Investors Lending Mortgage 523

Housing Wire

JULY 5, 2023

Now-defunct lender Homepoint is suing seven correspondent mortgage lenders, claiming they breached an agreement by either failing to cure the loan defects or repurchase the loan as required under the terms of the correspondent agreement. District Court for the Eastern District of Michigan. million, excluding interest and attorneys’ fees.

Lending 370

Lending Mortgage Investors Finance 370

Housing Wire

NOVEMBER 10, 2022

The firm will focus on the non-qualified residential mortgages in the wholesale and correspondent channels. billion in volume in the last 12 months through 156 active loan officers and 39 branches, according to mortgage data platform Modex. and purchase mortgages accounted for 53.6%. . The lender originated $2.32

Retail 304

Retail Loan Officers Investors Lending 304

Housing Wire

JULY 17, 2023

Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. “Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. Mozilo was president of the Mortgage Bankers Association (MBA) in 1991-1992.

Lending 370

Lending Mortgage Business Government 370

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. This is reflected in data collected by the mortgage tech platform Modex and the Nationwide Multistate Licensing System (NMLS). billion in mortgages in 2023. and NFM Lending. A spokesperson at NAF did not respond to a request for comments.

Loan Officers 406

Loan Officers Human Resources Law Mortgage 406

Housing Wire

MAY 26, 2021

Nearly six months after David Brickman stepped down, government-sponsored entity Freddie Mac has tapped ex- Wells Fargo mortgage executive Michael DeVito to assume the role of CEO. Michael is a well-regarded leader with proven success in virtually every aspect of the mortgage industry. Presented by: Acra Lending. “I

Lending 500

Lending Government Mortgage Investors 500

Housing Wire

JULY 14, 2022

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. The problem is we’re not backed by the government sponsored enterprises (GSEs). billion in originations, up about 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF). .

Human Resources 395

Human Resources Construction Legal Investors 395

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

Mortgage 406

Mortgage Training Business Transportation 406

Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending. We recognize that a duty to serve applied to IMBs may require a flexible approach.

Lending 500

Lending Development Government Finance 500

Housing Wire

JULY 31, 2022

With the recent acquisition of International Document Services (IDS), Wolters Kluwer has solidified its position as a digital mortgage solutions leader. In anticipation of the shifting market conditions and the expected growth of home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for Real Estate Finance.

Lending 368

Lending Technology Real Estate Government 368