Democratizing Lending

Appraisal Buzz

asks of its time to “democratize” the lending process. The post Democratizing Lending appeared first on theMReport.com. The post Democratizing Lending appeared first on Appraisal Buzz. Origination fees can present a web of inconsistencies, and Yatin Karnik of Confer Inc.

Homepoint exits correspondent following deal with Planet Home Lending

Housing Wire

Connecticut-based mortgage servicer and lender Planet Home Lending has entered into an agreement to acquire assets from Homepoint ‘s delegated correspondent channel for $2.5 The deal will also contribute to Planet Home Lending’s servicing portfolio, now at $54 billion.

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Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Mortgage lending is facing the same disproportionate dilemma that technology, in many ways, can make worse.

Stearns Lending to lay off 348 workers

Housing Wire

Stearns Lending will lay off 348 workers following the decision by Guaranteed Rate earlier this month to discontinue operations of its third-party wholesale channel. The post Stearns Lending to lay off 348 workers appeared first on HousingWire.

Jim Linnane tapped to lead retail mortgage lending at Flagstar

Housing Wire

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. The keys to lending in a post-refi boom world.

Retail 273

Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. To that end, the GSEs began accepting alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The post FHFA extends relaxed appraisal, lending standards appeared first on HousingWire.

Guaranteed Rate to acquire Stearns Lending

Housing Wire

The post Guaranteed Rate to acquire Stearns Lending appeared first on HousingWire. M&A / Funding Mortgage Featured Guaranteed Rate M&A MORTGAGE M&A Stearns Stearns Lending

Opinion: Lack of conformity in title fees facilitates predatory lending

Housing Wire

Furthermore, because there is no unified platform for shoppers to compare title insurance costs for lenders, this can result in predatory lending practices on behalf of borrowers. A lack of conformity in title insurance creates predatory lending.

Automation is coming to non-QM lending

Housing Wire

Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ).

2021 means new challenges for mortgage lending

Housing Wire

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. Buckle up lending community — this may be only getting started!

Suzy Lindblom named COO of Kind Lending

Housing Wire

Wholesale lender Kind Lending has brought on mortgage veteran Suzy Lindblom as its chief operating officer, the company said Tuesday. Lindblom has 40 years of experience in the mortgage space, most recently serving as the COO of Planet Home Lending for three and half years.

Homepoint lends homebuyers the power of all-cash offers

Housing Wire

“By combining all-cash offers with the lower rates and fees associated with wholesale lending, independent originators give homebuyers and their real estate agents the best shot at closing deals and saving money,” Shoemaker added. Planet Home Lending entered into a $2.5

Regulators show united front on targeted lending programs

Housing Wire

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. The watchdog agency provided clarity for the kind of research and data that go into creating a targeted lending program.

Opinion: Affordable lending requires creative thinking

Housing Wire

With the increasing regulatory focus on expanding affordable lending programs, mortgage lenders need to have a plan to serve the underserved. Surprisingly, risk isn’t the main factor affecting lenders’ appetite for DPA and affordable lending products today.

Why mortgage lending standards will ease in 2021

Housing Wire

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire.

Cornerstone Home Lending to acquire Roscoe State Bank

Housing Wire

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. Increasing Lending and Servicing Capacity – Regardless of Rates.

Acra Lending launches new jumbo prime program

Housing Wire

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. The post Acra Lending launches new jumbo prime program appeared first on HousingWire.

HUD ends silence on targeted lending programs

Housing Wire

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration.

The Racial Lending Gap Examined

Appraisal Buzz

The post The Racial Lending Gap Examined appeared first on Appraisal Buzz.

Mortgage Lending Sentiment Mixed

Appraisal Buzz

The post Mortgage Lending Sentiment Mixed appeared first on DSNews. The post Mortgage Lending Sentiment Mixed appeared first on Appraisal Buzz.

Mortgage lending volume in 2020 likely to break records

Housing Wire

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire.

Pandemic ushers in a new era of digital lending

Housing Wire

That has caused a remarkable shift to a digital lending model that has significantly impacted a lender’s ability to do business during these challenging times. The post Pandemic ushers in a new era of digital lending appeared first on HousingWire. Mortgage digital lending HWplus

Lenders tread carefully around targeted lending programs

Housing Wire

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Still, FHFA Acting Director Sandra Thompson is pitching targeted lending programs.

Deeper asset history unlocks new lending opportunities

Housing Wire

The post Deeper asset history unlocks new lending opportunities appeared first on HousingWire. Until recently, lenders have taken a “less is more” approach to collecting asset documentation, and understandably so.

Chase sees huge digital adoption in home lending business

Housing Wire

Another one would be home lending. The post Chase sees huge digital adoption in home lending business appeared first on HousingWire. Fintech Loan Origination Tech Mortgage Chase Home Lending Digital mortgage JPMorgan Chase Rohan Amin

House Committee Addresses Lending Equality

Appraisal Buzz

Congressional markup sees up two pieces of legislation drafted to advance racial and gender equity, and provide fairness for LGBTQ+ persons in housing and lending. The post House Committee Addresses Lending Equality appeared first on DSNews.

Successful mortgage lending starts with superior customer service

Housing Wire

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending.

A guide to choosing the right non-QM lending partner

Housing Wire

Here is where it gets murky – choosing the right non-QM lending partner! These are important questions to ask when choosing the right non-QM lending partner – especially in today’s volatile market. The conditions in today’s market have pushed non-QM to the forefront.

Mortgage Lending Experiences Quarterly Decline

Appraisal Buzz

The post Mortgage Lending Experiences Quarterly Decline appeared first on theMReport.com. The post Mortgage Lending Experiences Quarterly Decline appeared first on Appraisal Buzz.

FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The post FHFA extends relaxed appraisal, lending standards appeared first on HousingWire.

Glenn Stearns’ Kind Lending originates $1B in 6 months

Housing Wire

Kind Lending , national wholesale mortgage lender and second brainchild to mortgage veteran Stearns, announced that the lender originated $1 billion in the first six months of production – a feat that took Stearns first company, Stearns Lending , 15 years to accomplish.

Agencies Join to Advance Unbiased Lending

Appraisal Buzz

HUD, historically charged with administering and enforcing the act, together with the FHFA, which regulates Fannie Mae and Freddie Mac, … The post Agencies Join to Advance Unbiased Lending appeared first on theMReport.com. A groundbreaking partnership between two government agencies—U.S.

Putting Lending Under the Microscope

Appraisal Buzz

MReport speaks with lending experts about the benefits of challenges facing depository lenders vs. nonbanks. The post Putting Lending Under the Microscope appeared first on theMReport.com. The post Putting Lending Under the Microscope appeared first on Appraisal Buzz.

8 Red Flags Indicating Fair Lending Risk

Appraisal Buzz

Risk management is all about identifying, measuring, monitoring and controlling risk, and fair lending risk is no exception. Here are eight red flags that may indicate fair lending risk. The post 8 Red Flags Indicating Fair Lending Risk appeared first on Appraisal Buzz.

How student lending can benefit non-bank lenders

Housing Wire

This gives non-bank lenders and servicers significantly greater access to more consumers and provides an opportunity for student lending to make an impact. Student lending offers an entryway into consumer finance that non-bank originators have not had access to historically.

[PULSE] Mortgage lending in a post-COVID, digital world

Housing Wire

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.

Renovation: A Path to Fair Lending 

Appraisal Buzz

The post Renovation: A Path to Fair Lending appeared first on Appraisal Buzz. Think the Community Reinvestment Act’s (CRA’s) focus on measuring how many loans are made to underserved, largely low- and moderate-income communities does not apply to nonbanks? Think again. While that’s true of the federal law, at least three states have passed CRA-like laws that apply to nonbanks, and the Mortgage Bankers Association (MBA) predicts more states could follow suit.

Spring EQ Strengthens Its Wholesale Lending Team

Appraisal Buzz

The post Spring EQ Strengthens Its Wholesale Lending Team appeared first on theMReport.com. The post Spring EQ Strengthens Its Wholesale Lending Team appeared first on Appraisal Buzz.

Freddie Mac first out of the gate with plans for targeted lending programs

Housing Wire

Freddie Mac will debut targeted lending programs this year, following guidance from regulators giving lenders the go-ahead. So I say keep the guidance coming, because we are building it and we hope the lending community will come.”.