Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. My guess is we’ll do 10 or 11 deals this year in the $5.5

Investors 365

Investors Government Mortgage Investing 365

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 396

Brokerage Real Estate Lending Mortgage 396

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 362

Lending Business Retail Client Relationships 362

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. of the company and there were no outside investors. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage.

Mortgage 420

Mortgage Brokerage Loan Officers Business 420

Housing Wire

SEPTEMBER 26, 2023

Cooper was completed in August, Home Point Capital agreed to settle for $5 million a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering (IPO). and its top executives, including former CEO Willian Newman and former CFO Mark Elbaum.

Investors 336

Investors Lending Law Business 336

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Business 382

Business Investors Finance Home Improvement 382

Housing Wire

JANUARY 5, 2023

Silvergate Capital Corporation , parent company of Silvergate Bank , which provided services to Sam Bankman-Fried’s now-collapsed crypto empire, walked away from its mortgage warehouse business and cut workforce by 20% as clients pulled $8.1 billion in crypto-related deposits. Securities and Exchange Commission filing.

Lending 340

Lending Mortgage Investors Clients 340

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending.

Mortgage 315

Mortgage Loan Officers Investors Business 315

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021.

Technology 319

Technology Lending Housing Market Investors 319

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 388

Technology Mortgage Investors Lending 388

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. In the fourth quarter, however, mortgage originations declined 22% compared to Q4 2020 and 7% in comparison to the Q3 2021, to $6.89

Finance 368

Finance Investors Mortgage Home Improvement 368

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 318

Lending Business Government Design 318

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

Lending 453

Lending Mortgage Technology Business 453

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. Inside Mortgage Finance (IMF) first reported on the topic. These loans are also highly secured and collateralized.

Lending 301

Lending Finance Insurance Investors 301

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

Lending 304

Lending Loan Officers Mortgage Investors 304

Housing Wire

MAY 11, 2022

.” But how does an all-cash offer benefit a mortgage lender? Dubbed the “Homepoint Cash Compete,” the fintech platform provides home shoppers with the cash needed to compete with investors and other more attractive offers, according to the lender. Planet Home Lending entered into a $2.5

Lending 376

Lending Real Estate Agent Investors Finance 376

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 368

Lending Government Mortgage Investors 368

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Mortgage 357

Mortgage Investors Real Estate Business 357

Appraisal Buzz

OCTOBER 11, 2021

Guild Mortgage Correspondent is the most recent addition to Promontory MortgagePath ’s investor network. Promontory MortgagePath is a provider of digital mortgage fulfillment services. As lenders advance their investor relationships, their ownership of the origination processes increases — and so does their earning potential,”.

Investors 195

Investors Mortgage Clients Lending 195

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 324

Lending Government Investors Law 324

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investors 284

Investors Mortgage Investing Loan Officers 284

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 343

Mortgage Marketing Investors Lending 343

Housing Wire

AUGUST 16, 2022

Nearly 70 mortgage lenders and brokers made it on the list of Inc. All the top five mortgage lenders debuted on the Inc. theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. All the top five mortgage lenders debuted on the Inc. Zap Mortgage (no.335),

Mortgage 366

Mortgage Lending Investors Brokerage 366

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. . With non-QM, the scenarios are just everywhere, and it requires an expertise and a skill set that takes years to learn.

Lending 327

Lending Technology Government Investors 327

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 341

Mortgage Lending Buyers Property Management 341

Housing Wire

APRIL 4, 2023

Add Moon Mortgage to the list of fintechs offering crypto-backed mortgages. It has to be about how an investor can use it for real-world gains,” Tristan Marino, who co-founded the company with Aaron Nevin in 2022 after their frustration with the lack of digital asset applications, said in a statement.

Mortgage 347

Mortgage Investors Retail Investing 347

Housing Wire

OCTOBER 11, 2022

Moon Mortgage, a crypto-backed mortgage provider, on Tuesday announced raising a $3.5 The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets.

Mortgage 362

Mortgage Investors Investing Lending 362

Housing Wire

MAY 7, 2021

Encompass Investor Connect. Encompass Investor Connect is a built-in, no additional cost feature within the Encompass Loan Origination System which enables lenders to seamlessly deliver loans to investors from Encompass – resulting in 40% fewer conditions, 1 day faster purchases and $49/loan savings. Product Fast Facts. #1.

Technology 377

Technology Mortgage Investors Lending 377

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 384

Lending Government Legal Law 384

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Black Knight is a proven mortgage industry leader in servicing technology.

Lending 388

Lending Valuation Clients Tools 388

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. How mortgage lenders are qualifying the value of fintech solutions. The company earned $71.8

Mortgage 378

Mortgage Lending Technology Insurance 378

Housing Wire

APRIL 23, 2024

Retirement investors can now trust that their investment advice provider is working in their best interest and helping to make unbiased decisions,” she said. Retirement investors are best protected by a uniform and protective framework.”

Investing 344

Investing Investors Design Government 344

Housing Wire

FEBRUARY 9, 2021

Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of several new product lines. Non-QM lending is poised for growth in 2021. Back in March, Mega Capital Funding became one of many mortgage lenders that ceased all non-QM operations. Presented by: Angel Oak.

Lending 332

Lending Investors Mortgage Marketing 332

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments.

Investors 325

Investors Finance Clients Real Estate 325

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. How 2020 continues to impact mortgage closings.

Lending 256

Lending Technology Finance Insurance 256

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. We have been out educating the mortgage industry on what non-QM is and how to utilize it since we were founded. They can help with how to market outside of normal channels.

Lending 343

Lending Loan Officers Training Investors 343

Housing Wire

NOVEMBER 7, 2023

The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market. The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending.

Mortgage 423

Mortgage Marketing Finance Lending 423