Housing Wire

SEPTEMBER 10, 2022

Ben Slayton’s Legacy Home Loans , the largest Black-led mortgage banking firm in the country, has launched a special purpose credit program for prospective Black borrowers in six cities across the country. The SPCP loan program will be piloted in Atlanta, Baltimore, Chicago, Detroit, Memphis and Philadelphia.

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Housing Wire

AUGUST 25, 2023

The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. A homebuyer looking to purchase a $275,000 home in Phoenix, Arizona, makes 80% of their area median income (AMI) and saves 5% of their income would need only 11 months to save for the down payment.

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Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. There are still so many borrowers looking to purchase a home. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. for home purchases and 1.7%

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Mortgage Loan Officers New Listings Government 386

Housing Wire

NOVEMBER 16, 2023

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners. Dark Matter Technologies, which completed the acquisition of Black Knight ’s Empower and Optimal Blue in September, is prioritizing bringing down origination costs for lenders.

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Housing Wire

AUGUST 10, 2022

Mortgage lender Celebrity Home Loans shut down its correspondent channel and laid off employees on Tuesday. Part of the financial services holding company Celebrity Financial, the Illinois-based Celebrity Home Loans is licensed in 48 states and has reached $21 billion in home loans since 2006, according to its website.

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Housing Wire

JANUARY 5, 2022

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio.

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Housing Wire

JULY 21, 2023

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 While Citywide Home Loans denies liability for the incident, it is still settling the lawsuit to end the claims. million class action lawsuit to resolve claims surrounding a 2020 data breach.

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Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. Both programs are offered for loan values from $400,000 to $3 million. “The U.S. “The U.S.

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Home Improvement Renovations Finance Lending 436

Housing Wire

OCTOBER 10, 2022

The latest jobs cut was at Angel Oak Home Loans , which reduced its headcount by 57 employees, comprising 15% of the total, a spokesperson told HousingWire. Angel Oak Home Loans continues to serve homebuyers across the country and maintains staffing levels to meet the changing dynamics of the residential mortgage market.”.

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Retail Loan Officers Mortgage Government 328

Housing Wire

JANUARY 18, 2023

retail and residential market shows how demand for home loans has quickly increased. The Market Composite Index, a measure of mortgage loan application volume, rose 27.9% The MBA measured the 30-year fixed rate for conforming loan balances ($726,200 or less), which decreased to 6.23% this week from 6.42% last week.

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Housing Wire

FEBRUARY 2, 2023

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. Prior to his role at Apex Home Loans, Anzoleaga has held roles as a certified local facilitator at Buffini & Company, a senior vice president of residential lending at Draper and Kramer Mortgage Corp.

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Housing Wire

JUNE 10, 2022

Mortgage lenders Doorway Home Loans and Priority Mortgage Thursday announced a merger, the latest of many such deals made during a challenging mortgage market. Doorway Home Loans — founded just three years later, in 1987, by Kirk Hankla in Long Beach, California — will expand geographically through the transaction.

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Mortgage Technology Retail Lending 361

Housing Wire

SEPTEMBER 1, 2022

Rocket Pro TPO is diversifying its product portfolio by offering home equity loans to brokers by mid-September amid increased competition in the wholesale channel. The move follows Rocket Mortgage ‘s roll out of home equity loans in August as the firm tries to capitalize on Americans’ strong home equity positions. .

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Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. In the past year, there was roughly $12 billion in sales of manufactured homes. billion in the second quarter from $53.8

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Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. We all know that home affordability is an issue for everyone right now.

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Mortgage Retail Loan Officers Brokerage 347

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. The refinance index increased 9.4% higher in the same period. ”

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Mortgage Loan Officers Investors Government 358

Housing Wire

NOVEMBER 10, 2022

Angel Oak Home Loans will exit its retail distribution channel following a sale of its retail offices to an unknown lender and servicer. The transaction includes an acquisition of Angel Oak Home Loans’ brick-and-mortar retail offices and associated salesforce.”. Of the total volume, conventional loans accounted for 85.7%

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Appraisal Buzz

JULY 7, 2021

The post Embrace Home Loans Adds Two VPs appeared first on theMReport.com. The post Embrace Home Loans Adds Two VPs appeared first on Appraisal Buzz. Pamela Summers and Tyler Rhea “were each hired as part of an overall expansion strategy to increase market presence,” says the SVP.

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Housing Wire

MARCH 25, 2021

Do I need to pay off my student loans before buying my first home? What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans. For example, a conventional loan lets you put as little as 3% down.

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Finance Real Estate Insurance Government 497

Housing Wire

JUNE 29, 2022

Angel Oak Home Loans named Steven Valladares as vice president of correspondent sales, a move that comes as the firm increasingly works to grow its correspondent channel. The correspondent business line is focused on purchasing and servicing home loans in the secondary market.

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Housing Wire

JANUARY 24, 2022

Sanjiv Das, CEO of Caliber Home Loans , is stepping down as CEO of the company, less than one year after New Residential Investment Corp. The post Caliber Home Loans CEO Sanjiv Das steps down appeared first on HousingWire. Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed.

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Housing Wire

SEPTEMBER 23, 2020

Vexed by work-from-home arrangements owing to the COVID-19 pandemic, homeowners are taking the long view and rethinking floor plans. The reality is, home offices are no longer a luxury. Of these workers, three in five said they’d prefer to work from home when restrictions are lifted. The rest of this content is for HW+ members.

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Renovations Insurance Home Improvement Design 542

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. With rates around 6.9%

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Loan Officers Clients Buyers Sellers 381

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. The post Caliber Home Loans plans $2B-plus IPO appeared first on HousingWire. As of Sept.

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Appraisal Buzz

JANUARY 11, 2022

Aspire Home Loans LLC, an independent mortgage banker, has signed a contract to implement Black Knight Inc. ’s These advanced capabilities will support first mortgages for Aspire Home Loans’ retail lending channel and help enhance the borrower experience, support its employees and help drive business growth.

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Appraisal Buzz

JANUARY 6, 2022

Embrace Home Loans, a national mortgage lender, announced that Meredith Spence has been named branch manager for the company’s new Boston/Seaport District office. Spence will be responsible for staffing the new office and expanding Embrace Home Loans’ business in the Greater Boston area while continuing to write loans.

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Appraisal Buzz

MAY 18, 2021

Stephen Adamo has joined Embrace Home Loans as president, national retail production. mortgage banking, home equity, consumer manufacturing and credit underwriting at Santander Bank, NA. The post Embrace Home Loans Hires Stephen Adamo as President of National Retail Production appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 10, 2022

The increased fees that military veterans and active duty personnel pay for Veterans Administration (VA) mortgage loans should be allowed to expire on schedule, and congressional leaders should avoid any policies that would extend these fees, according the Community Home Lenders of America (CHLA).

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Housing Wire

AUGUST 27, 2020

Mortgage Research Center , which does business as Veterans United Home Loans , is holding a virtual career showcase Wednesday, September 2, for all interested job applicants. Opportunities that will be featured include operations coordinators, SAR underwriters, loan officers and loan specialists, to name a few. “We

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Appraisal Buzz

MAY 18, 2022

Mehdi Pirzadeh has re-joined Embrace Home Loans as senior loan officer and vice president in the company’s Rockville, Md. Pirzadeh is a top-producing loan originator who previously worked for Embrace and recently returned, drawn back by the company’s commitment to customer service and giving back to the community.

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Inman

NOVEMBER 29, 2023

Annual home price appreciation of 5.5 percent pushes FHA loan limits up to a minimum of $498,257 in affordable markets, and to a ceiling of up to $1.72 million in high-cost states like Alaska and Hawaii.

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Marketing Tools Buyers Mortgage 175

Appraisal Buzz

AUGUST 26, 2021

The post Cities Where Rent Prices Exceed Home Loan Payments appeared first on theMReport.com. The post Cities Where Rent Prices Exceed Home Loan Payments appeared first on Appraisal Buzz.

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Appraisal 195

Eyes on Housing

AUGUST 3, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the share of new home sales backed by FHA loans climbed from 12.1% (revised) to 14.0% Conventional loans financed 73.7%. in the second quarter of 2023. Read More ›

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Appraisal Buzz

FEBRUARY 23, 2022

PERSON OF THE WEEK: With home prices reaching record highs in the first quarter of 2022, U.S. homeowners have realized significant home equity gains. But just how big is the opportunity for community lenders offering home equity loans?

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Appraisal 195

Appraisal Buzz

APRIL 25, 2022

Guild Mortgage recently introduced GreenSmart Advantage, a new program in partnership with The Home Depot to help homebuyers save on utility costs and manage multiple payments by bundling the cost of new energy-efficient appliances into their home loan. .

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Mortgage Appraisal 195

Appraisal Buzz

OCTOBER 11, 2021

mortgage originations subsidiary, has announced an interim increase in estimated 2022 conforming loan amounts to $625,000 for conventional single-family loans. It is also allowing higher limits for high-cost areas and homes with additional units. Finance of America Mortgage LLC (FAM), a Finance of America Companies Inc.

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Finance Lending Appraisal Mortgage 195

Appraisal Buzz

NOVEMBER 24, 2021

Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced Jody Watters has been promoted to vice president of sales and branch manager at Blue Spot Home Loans, Cherry Creek Mortgage’s consumer direct division. The post Blue Spot Home Loans Names New VP appeared first on Appraisal Buzz.

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Mortgage Appraisal 195