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 a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 402

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

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Mortgage Loan Officers Lending Human Resources 414

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex.

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Mortgage Investors Legal Loan Officers 393

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception.

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Investing Loan Officers Technology Development 488

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy. In addition, He will continue to serve as the managing director of the company’s venture investing arm. As of Sept. As of Sept.

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Mortgage Real Estate Investing Technology 357

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. . ” Just a little less vanilla.

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Mortgage Loan Officers Finance Investors 392

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

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Technology Mortgage Tools Insurance 368

PennyMac

MARCH 4, 2024

There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved.

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Housing Wire

OCTOBER 27, 2020

For many years, we’ve been developing and investing in technology to deliver an end-to-end digital mortgage experience. We’re the largest centralized mortgage transactional services provider in the country, backed by the country’s largest provider of title insurance services.

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Clients Technology Insurance Loan Officers 362

Housing Wire

FEBRUARY 3, 2022

” JPMorgan’s analysts wrote in a report their favorite name is Rocket, upgraded to overweight due to its ecosystem of personal lending and mortgage finance businesses, the largest and most profitable of which is Rocket Mortgage. The losers are a lot of the smaller players.” That is a tough business for a purchase market.

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Mortgage Retail Finance Investors 378

Eppraisal

DECEMBER 28, 2021

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

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Mortgage Home Value Insurance Loan Officers 68

PennyMac

JULY 25, 2022

What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. In a conventional loan, you’ll be expected to pay at least 3% of the total loan as the down payment.

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Insurance Government Investing Mortgage 36

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

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Training Loan Officers Lending Mortgage 367

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

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Law Loan Officers Lending Advertising 396

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Build a concierge list of real estate professionals such as builders and plumbers.

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Real Estate Agent Real Estate Agents Realtors 98

Miller Samuel

FEBRUARY 12, 2019

He likened the subtle de-regulation to the housing bubble of a decade ago, pointing out that regulators were getting paid by the failing investment banks they were rating back then. Now, he said, regulators and both Fannie Mae and Freddie Mac are getting paid whenever loan volume passes through those agencies.

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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Real Estate Agent Real Estate Project Management Agents 328

PennyMac

JUNE 28, 2022

Depending on your goals, financial situation and circumstances, there are different strategies for investing in another home. Real Estate Investments. Insurance. A second home usually means higher insurance costs for homeowners. If you’re renting, there’s also landlord insurance. Reasons To Buy A Second Home.

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Tenants Landlords Finance Insurance 36

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. Under a consent order still subject to court approval, ESSA has agreed to invest $2.92

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Lending Advertising Design Loan Officers 290

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. Blend is focused on long-term growth, investment in technology and diversifying its revenue model. Halbrook said. “I

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Mortgage Technology Loan Officers Investing 363

PennyMac

SEPTEMBER 9, 2020

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. However your PMI can be removed (by request) once you’ve hit a 78% loan-to-value ratio in some cases. Here are four loan options that can help your down payment dollars go further.

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Insurance Buyers Mortgage Human Resources 36

PennyMac

APRIL 29, 2022

As a result, you continue to pay your lender a regular monthly amount with the understanding that you will be covering both the principal cost of the loan and the interest the lender charges for their services. Throw in additional costs such as property insurance and taxes, and that monthly payment can get pretty steep.

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Insurance Mortgage Finance Loan Officers 36

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. Targeting jumbos made sense for Busch as he is based in Washington, D.C.,

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Insurance Mortgage Clients Lending 349

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. The loan is usually repaid over a period of years. Ownership: Once the loan is fully repaid, you own the property outright. Insurance Does a mortgage payment include insurance?

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Mortgage Property Taxes Insurance HOA 69

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The nation’s biggest banks stepped in to stabilize the lender with $30 billion of their own money, giving the Federal Depository Insurance Corporation time to find a buyer. After a weekend of negotiations, the FDIC sold First Republic to JPMorgan.

Marketing 342

Marketing Retail Mortgage Investors 342

PennyMac

APRIL 2, 2020

Your FICO score will impact which types of loans you qualify for, so getting your credit into great shape is an investment that can offer great returns. Is Homeowners Insurance Legally Required? This step of the purchase process can confuse buyers, but it’s essential to protect both you and your lender’s investment.

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Real Estate Agent Inspection Sellers Real Estate 36

Assurance Financial

SEPTEMBER 28, 2021

With your mortgage bill gone, you could contribute that monthly amount to any number of things, such as other debt, your 401k, Roth IRA, HSA, your emergency fund, or other investment opportunities. Some people weigh the value of early repayment against missed investment opportunities.

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Mortgage Investing Finance Loan Officers 36

PennyMac

AUGUST 10, 2022

This is not true — the FHA does not issue loans directly to homebuyers. Instead, they insure loans offered by private lenders. If that happens, HUD will pay off the loan to the lender and take ownership of the home. The FHA does have lending limits, and these numbers can differ depending on where you buy a home.

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Insurance Buyers Mortgage Renovations 36

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Spending on residential investment and housing services accounted for 17.5% Committing non-bank lending institutions. of GDP in 2020. Incentivizing developers is necessary.

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Insurance Construction Government Lending 380

Appraisal Today

MAY 12, 2023

Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical. If any of these high-paid prognosticators could actually predict the future with some accuracy, they would be investing in financial futures and making a fortune.

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Appraisal Architecture Business Contracts 52

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. But there was a catch.

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Lending Government Law Mortgage 367

Assurance Financial

JULY 23, 2021

The exact amount you need to save up for a down payment depends on the type of loan you choose, the market conditions and your financial situation. That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan.

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Mortgage Real Estate Agent Government Loan Officers 74

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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