Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. “So

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Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. As the housing market changes, so does lending fraud.

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Mortgage Insurance Lending Government 529

Housing Wire

OCTOBER 6, 2022

Keller Mortgage , the lending arm of real estate holding company kwx , is the latest firm to be hit by the rapidly decreasing demand for mortgages. On Monday, the company underwent a “mass layoff,” according to posts by former Keller Mortgage employees on LinkedIn. 30, mortgage applications decreased 14.2%

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Mortgage Real Estate Loan Officers Brokerage 365

Housing Wire

SEPTEMBER 7, 2022

A staggering drop in mortgage applications. Falling stocks and layoffs making headlines for mortgage giants across the industry. The entire mortgage market is in flux like few times in history. That’s why, today, the future of mortgage companies isn’t in mortgages at all. Why insurance?

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Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

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Business Finance Buyers Lending 445

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

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Mortgage Lending Real Estate Agent Government 514

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

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Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. HW: Some borrowers are under the impression that reverse mortgages are a last resort.

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Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The fate of Wells Fargo & Co. ’s Presented by: Reggora.

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Housing Wire

APRIL 10, 2023

This continues to be an incredibly rate-sensitive housing market, and March’s rate lock activity perfectly illustrates this dynamic,” Andy Walden, vice president of enterprise research at Black Knight, said. In early March, when mortgage rates started their climb back toward 7%, originations faced pronounced downward pressure.

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Marketing Insurance Housing Market Mortgage 365

Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud.

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Housing Wire

SEPTEMBER 8, 2022

Verification provider Xactus and income and employment data solution firm Truv teamed up to court more mortgage lenders that will speed up the mortgage approval process. The firm expects the partnership to allow mortgage lenders verify income and employment for more than 146 million U.S.

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Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

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Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right. .

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Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. Head of Neighborhood and Community Lending. Gold Star Mortgage Financial Group. Managing Director and Global Head of Mortgage Services. Matic Insurance. Mortgage Champions.

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Human Resources Lending Real Estate Technology 425

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

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Mortgage Loan Officers Lending Business 365

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. “Our partnership will enable clients to seamlessly analyze their market position and support effective margin decisions without leaving their pricing engine.

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Technology Insurance Mortgage Lending 332

Housing Wire

NOVEMBER 11, 2021

With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders. The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.).

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Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s As expected, the firm’s title insurance segment did not have the greatest quarter. Presented by: Acra Lending.

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Insurance Investors Housing Market Law 362

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Up until now, Xactus obtained data from third parties. Presented by: ServiceLink.

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Housing Wire

OCTOBER 28, 2022

02 Marketing Leaders Success Summit: How I Earned 100k Followers & Other Social Media Lessons. 03 Marketing Leaders Success Summit: The Future of Marketing. Speakers: Sandra Thompson, Director, Federal Housing Finance Agency Sarah Wheeler, Editor in Chief, HW Media. 04 Reaching Homebuyers in a Purchase Market.

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Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

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Mortgage Loan Officers Finance Investors 415

Housing Wire

NOVEMBER 18, 2022

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. American Financing Corporation originated $4.13

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Loan Officers Modernization Finance Housing Market 434

Housing Wire

JUNE 28, 2023

United Wholesale Mortgage (UWM) announced this week that it has added four bank statement loan offerings for self-employed borrowers. No mortgage insurance is required. As mortgage rates remain elevated, lenders have been working to reach borrowers outside of Fannie Mae and Freddie Mac ‘s credit boxes.

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Real Estate Agent Insurance Lending Real Estate 353

Housing Wire

SEPTEMBER 23, 2020

There’s a mainstay in mortgage finance poised to help in working from home. The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. The rest of this content is for HW+ members. Join today with an HW+ Membership !

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Renovations Insurance Home Improvement Design 543

Housing Wire

AUGUST 31, 2022

The executive will be responsible for strengthening Xactus’ regulatory compliance framework and administering regulatory changes required by the credit and mortgage industries, the firm said. Since then, the firm acquired MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate in July.

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Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

Insurance 365

Insurance Loan Officers Sellers Mortgage 365

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The funding comes shortly after Knox launched its first mortgage product, dubbed the Knox equity access program (KEAP), in April. Presented by: ServiceLink.

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Housing Wire

MARCH 7, 2024

“ Since November, there’s greater certainty by the investment community that the hiking cycle is done and that the economy is not falling off a cliff, that the housing market is not falling off a cliff. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac.

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Investors Government Mortgage Investing 399

Housing Wire

MARCH 14, 2023

“It will be hard to be completely confident in the near term that Sunday’s intervention will halt the pressure on smaller banks, who play a large macroeconomic role and could become considerably more conservative in their lending.” The current uncertainty brings an upside to the housing market: mortgage rates are in a downward trend.

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Transportation Housing Market Insurance Lending 337

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? While the FHA loan allows a borrower to put less money down and doesn’t come with LLPAs, that flexibility comes with a high upfront and annual costs in the form of mortgage insurance premiums (MIP).

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Loan Officers Insurance Mortgage Real Estate Agent 345

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Audience assets will be valued based on transaction volumes and bundles of listings, lending, loan sales and servicing and trading content.

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Housing Wire

MARCH 15, 2023

One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. Both expire in December 2023.

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Insurance Investors Real Estate Mortgage 330

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Check with your local or state housing agency for a list of programs.

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