Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Attorney Carla Freedman said in a statement. Attorney’s office.

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Government Insurance Mortgage Legal 383

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 434

Mortgage Government Lending Law 434

Housing Wire

FEBRUARY 6, 2024

The survey showed that nearly 15% net share of banks reported having tightened standards on non-qualified-mortgage (QM) jumbo residential loans (14.6%) and QM jumbo loans (15.4%) in the fourth quarter. A 50%-plus net share of all U.S. The survey showed that a net 25.5% of banks reported weaker demand for HELOCs.

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Lending Mortgage Loan Officers Government 475

Housing Wire

JANUARY 8, 2021

For the system to work, mortgage-backed security investors need an efficient and verifiable means to know that all loans in their securities comply with this law, and originators and issuers want certainty that they are not running afoul of the Bureau. Demographics are shifting, too.

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Government Mortgage Finance Legal 351

Housing Wire

NOVEMBER 1, 2023

Mortgage applications fell for the third week in a row as mortgage rates surged toward 8%. compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA). Purchase applications for government-backed loans declined significantly more than conventional loans.

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Mortgage Government Marketing Finance 417

Housing Wire

JANUARY 10, 2024

Despite an uptick in mortgage rates at the beginning of 2024, mortgage demand surged after adjusting for the holiday. Mortgage applications increased 9.9% 5 compared to one week earlier, according to data from the Mortgage Bankers Association (MBA). The 30-year fixed mortgage rate averaged 6.62% as of Jan.

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Mortgage Government Marketing Finance 497

Housing Wire

MARCH 13, 2024

A decline in interest rates buoyed mortgage demand for another week. Mortgage applications increased by 7.1% on a seasonally adjusted basis during the week ending March 8, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

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Mortgage Retail Government Marketing 446

Housing Wire

SEPTEMBER 13, 2023

New York-based mortgage platform Roam has secured a $1.25 Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Assumable mortgages, the company’s primary bet, were relatively commonplace a few decades ago. in March, is also listed as a senior advisor.

Mortgage 427

Mortgage Government Advertising Buyers 427

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.

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Government Appraisal Reconsideration of Value Lending 370

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 417

Mortgage Government Business Lending 417

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 427

Mortgage Government Lending Technology 427

Housing Wire

APRIL 10, 2024

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies.

Mortgage 414

Mortgage Finance Development Government 414

Housing Wire

NOVEMBER 7, 2023

Government residential mortgage was an exception, where standards remained basically unchanged. Government residential mortgage was an exception, where standards remained basically unchanged. of banks reported to have tightened standards on government residential mortgages, the report showed.

Lending 475

Lending Mortgage Loan Officers Government 475

Housing Wire

MARCH 18, 2024

Nevada-headquartered wholesale lender Nations Direct Mortgage revealed that an unauthorized third party obtained access to the data of more than 83,000 customers on or about Dec. The breach was previously reported by National Mortgage News. Nations Direct Mortgage had production origination volume of $1.4

Mortgage 427

Mortgage Government Sellers Clients 427

Appraisal Buzz

APRIL 22, 2022

The upcoming Five Star Government Forum will bring together industry stakeholders and their government partners to Washington, D.C. to discuss the mortgage and housing landscape in 2022 and onward. The post The Week Ahead: Servicing Industry Meets Government Leaders to Chart Future appeared first on DSNews.

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Government Appraisal Mortgage 284

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona. ”

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Mortgage Real Estate Agent Real Estate Renovations 393

Appraisal Buzz

JUNE 9, 2021

On Wednesday, Five Star’s one-day virtual event brought together execs from the mortgage industry with governmental agency representatives to share ideas and insights about the future of the mortgage marketplace. The post Industry and Government Collaborate on Solutions appeared first on DSNews.

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Government Appraisal Mortgage 221

Housing Wire

JANUARY 17, 2024

mortgage lender United Wholesale Mortgage (UWM) has rebranded its consumer-facing website FindAMortgageBroker.com to Mortgage Matchup. The DNA and mission of this website has not changed, rather Mortgage Matchup provides a new visual identity to help us resonate with consumers in a more modern, approachable way. “The

Mortgage 437

Mortgage Real Estate Agent Modernization Retail 437

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. A&D Mortgage also hired three new account executives: Tommy Williams, Betsy Marvin and Lori Welton.

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Mortgage Lending Government Business 404

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. 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 7.49% as of Oct.

Mortgage 446

Mortgage Modernization Government Investors 446

Housing Wire

NOVEMBER 22, 2023

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The adjustable-rate mortgage (ARM) share of activity fell to 8.3% last week but remained subdued.

Mortgage 462

Mortgage Government Marketing Finance 462

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.

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Mortgage Technology Tools Business 462

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 427

Mortgage Government Insurance Tools 427

Housing Wire

SEPTEMBER 30, 2023

Why are mortgage rates rising? The jobless claims data is my key 2023 economic data line for the bond market and mortgage rates because I don’t believe the Fed will pivot until the four-week moving average of jobless claims gets above 323,000. Mortgage rates went from 7.39% to a high of 7.65% and ended the week at 7.44%.

Mortgage 512

Mortgage Inventory New Listings Government 512

Housing Wire

DECEMBER 21, 2023

Dovenmuehle Mortgage , a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year. However, higher mortgage rates this year led mortgage origination volume to decline to $1.6 14 to the state authority. .” trillion, compared to $2.2

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Human Resources Mortgage Government Investors 427

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 370

Mortgage Government Lending 370

Appraisal Buzz

FEBRUARY 21, 2022

This year’s panelists will include Acting FHFA Director Sandra Thompson and speakers from HUD, BSI Financial Services, Community Loan Servicing, Freedom Mortgage Corporation, Selene Finance, U.S. The post Five Star Government Forum Returns to D.C. The post Five Star Government Forum Returns to D.C. Bank, and more.

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Government Finance Appraisal Mortgage 195

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

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Lending Mortgage Government Finance 417

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgage 417

Mortgage Tools Design Development 417

Housing Wire

MARCH 29, 2024

To gauge what caught her attention about this space and how reverse mortgages intersect with her work, RMD sat down with Frankowska to discuss how and why she is choosing to become involved in the senior finance space. naturally exposing her more closely to the American reverse mortgage industry. reverse mortgage space.

Mortgage 454

Mortgage Finance Insurance Tools 454

Housing Wire

APRIL 9, 2024

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. To get a better idea of what motivated the survey and its desire to learn more about reverse mortgages, RMD sat down with WSFS Mortgage President Jeffrey Ruben.

Mortgage 417

Mortgage Tools Brokerage Government 417

Housing Wire

AUGUST 30, 2023

Mortgage applications for home purchases and refinances increased for the first time in five weeks but remain at low levels. 25, mortgage applications picked up 2.3% Government refinance applications dropped more than 10% last week. The refinance share of mortgage activity increased to 30.1% For the week that ended Aug.

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government. government.

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Lending Advertising Mortgage Law 383

Housing Wire

FEBRUARY 17, 2024

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Serious mortgage rate talk!

Mortgage 534

Mortgage Inventory New Listings Housing Market 534

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 395

Mortgage Government Lending Marketing 395

Housing Wire

JANUARY 12, 2024

The court will decide whether or not national banks will be required to follow state-level laws governing escrow accounts’ accumulation of interest. New York’s state law, they say “doesn’t prevent national banks from making real-estate loans or providing mortgage-escrow services.

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Law Mortgage Government Real Estate 475

Housing Wire

JANUARY 5, 2024

If Congress is unable to come to a compromise on government funding — with current continuing resolutions in place in two phases — sequestration would force cuts to both defense and nondefense government spending. The latter would see far more severe cuts, according to CBO. “In

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Mortgage Government Business Marketing 445