Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S. branches and agencies of foreign banks.

Lending 370

Lending Mortgage Loan Officers Government 370

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officers 399

Loan Officers Mortgage Retail Lending 399

Housing Wire

JULY 18, 2023

Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. Residential mortgage-backed securities guaranteed by the government-sponsored enterprises wouldn’t be affected by the change.

Lending 370

Lending Mortgage Insurance Government 370

Housing Wire

AUGUST 1, 2023

billion in new mortgages for apartment buildings with five or more units in 2022, a reduction of around 1% when compared to 2021 levels. This is according to an annual report of the multifamily lending market compiled and released by the Mortgage Bankers Association (MBA).

Lending 359

Lending Government Real Estate Mortgage 359

Housing Wire

JANUARY 25, 2024

Nonqualified mortgage (non-QM) wholesale lender A&D Mortgage has obtained licenses to originate loans in Arkansas and Mississippi, the company announced on Thursday. This strategic move aims to enhance the company’s conventional lending services.

Mortgage 394

Mortgage Lending Government Business 394

Housing Wire

APRIL 10, 2024

loans from mortgage services and place them in its portfolio at a fixed 2.5% the new program starts on May 31 and will result in a government subsidy reduction of approximately $1.5 The program ended in October 2022, when mortgage rates were higher. Department of Veteran Affairs (V.A.) interest rate. According to the V.A.,

Mortgage 423

Mortgage Government Lending Law 423

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said. “For

Lending 381

Lending Business Government Design 381

Housing Wire

NOVEMBER 15, 2022

Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. The mortgage credit availability index (MCAI) fell by 0.5% last month, marking eight consecutive months of decline. In October, ARMs made up 13.1%

Lending 485

Lending Government Mortgage Housing Market 485

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

Lending 431

Lending Government Legal Law 431

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

Brokerage 397

Brokerage Real Estate Lending Mortgage 397

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 404

Investing Mortgage Lending Loan Officers 404

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The relaxed lending standards allowed the GSEs to use “appraisal alternatives to reduce the need for appraisers to inspect the interior of a home for eligible mortgages.” 31, 2021. “We

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

FEBRUARY 9, 2024

The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, The MCAI for conventional loans increased by 1.3%

Mortgage 431

Mortgage Government Lending Technology 431

Housing Wire

FEBRUARY 28, 2023

Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. Full-service mortgage company Prosperity, a subsidiary of HomeServices of America , originated about $8.5 billion in June 2022 to $460 million in December 2022.

Lending 383

Lending Loan Officers Government Realtors 383

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

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. And as instant online automated approval and closing continues to elude home equity lending, attention has turned to artificial intelligence.

Lending 383

Lending Valuation Mortgage Government 383

Housing Wire

JANUARY 2, 2024

While most have their eyes on the horizon, HousingWire’s dedicated reverse-centric publication, Reverse Mortgage Daily (RMD), will look back one more time at a year of challenge. While that story was certainly an attention-grabber, the bigger industry surprise was the exit of Open Mortgage.

Mortgage 418

Mortgage Government Business Lending 418

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgage 403

Mortgage Real Estate Agent Sellers Construction 403

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. It funded $4.2

Lending 441

Lending Loan Officers Mortgage Government 441

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 382

Lending Government Investors Law 382

Housing Wire

FEBRUARY 22, 2022

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. The watchdog agency provided clarity for the kind of research and data that go into creating a targeted lending program.

Lending 380

Lending Development Finance Law 380

Housing Wire

JANUARY 14, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. 31, 2021, however, the government entity is now pushing that back to at least Feb. 28, 2021. .” 14, the CDC has reported over 1.7

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

JANUARY 24, 2022

“Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote. Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training.

Government 370

Government Appraisal Reconsideration of Value Lending 370

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. . Through July 2021, AOMS [Angel Oak Mortgage Solutions] has originated $1.52 million,” the report states.

Lending 383

Lending Technology Government Investors 383

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. However, the government agency is now pushing that back to at least April 30, 2021. In a statement issued on Feb. As of March 11, the CDC reported close to 95.7

Lending 485

Lending Appraisal Inspection Property Appraisal 485

Housing Wire

AUGUST 8, 2023

Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. The trade group’s monthly Mortgage Credit Availability Index fell by 0.3% Meanwhile, the Conventional MCAI, which does not include loans backed by the government, decreased 0.5%

Mortgage 365

Mortgage Government Lending 365

Housing Wire

DECEMBER 7, 2021

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration. A special purpose credit program can take many forms.

Lending 441

Lending Law Design Government 441

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 414

Mortgage Lending Buyers Property Management 414

Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

Lending 383

Lending Technology Tools Loan Officers 383

Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association. The trade group’s monthly Mortgage Credit Availability Index picked up by 0.3% in August.

Mortgage 397

Mortgage Government Lending Marketing 397

Housing Wire

OCTOBER 18, 2023

The commissioner also discussed the rise in mortgage loan assumptions. “We’re hoping to have a final policy [for the payment supplement partial claim] out before the end of the year, although I will say keep your fingers crossed that we don’t face any lapse in appropriations that would shut down the government.”

Mortgage 430

Mortgage Government Insurance Tools 430

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. If too many mortgages default, the MBS can lose significant value.

Technology 431

Technology Mortgage Investors Lending 431

Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. We’re seeing mortgage executives and workers retiring at record rates.

Lending 362

Lending Mortgage Technology Modernization 362

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. The Loan Atlas niche is served by its coaching faculty, consisting of 19 top mortgage originators and executives from various lending companies, according to Braheem.

Mortgage 410

Mortgage Marketing Loan Officers Training 410

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

Mortgage 473

Mortgage Lending Government Loan Officers 473

Housing Wire

JULY 11, 2023

Mortgage credit availability barely increased in June as the industry continues to operate at reduced capacity. This is a consequence of persistently high mortgage rates resulting in lender consolidation as well as a decline in mortgage applications , the Mortgage Bankers Association said. last month. last month.

Mortgage 284

Mortgage Government Lending 284

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). Home lending revenues declined to $3.3

Mortgage 447

Mortgage Lending Retail Business 447