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.

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Fifth Third Bank unveils new warehouse lending business

Housing Wire

Martin, Firth Third’s group head of mortgage warehouse finance, along with a team of warehouse lending professionals, will be based in Dallas. “We’re The post Fifth Third Bank unveils new warehouse lending business appeared first on HousingWire.

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Wells Fargo to shutter correspondent lending?

Housing Wire

In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo , the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business.

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Wells Fargo taps Kleber Santos to lead consumer lending

Housing Wire

As Wells Fargo contemplates a smaller footprint in mortgage, the nation’s fourth-largest bank named Kleber Santos as chief executive officer of consumer lending. Weinbach joined Wells Fargo in April 2020 to lead consumer lending. .

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Mountain West Financial steps back from wholesale lending

Housing Wire

The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson. The post Mountain West Financial steps back from wholesale lending appeared first on HousingWire.

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The Real Brokerage to acquire LemonBrew Lending

Housing Wire

Presented by: Acra Lending. The post The Real Brokerage to acquire LemonBrew Lending appeared first on HousingWire. Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew.

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FHFA: GSE servicers must keep fair lending data

Housing Wire

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The post FHFA: GSE servicers must keep fair lending data appeared first on HousingWire.

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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp.

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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.

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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.

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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.

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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

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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.

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Ex-Zillow execs promise revolution in lending

Housing Wire

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. The post Ex-Zillow execs promise revolution in lending appeared first on HousingWire.

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FHFA report on GSE fair lending reveals “persistent” racial divide

Housing Wire

The regulator, which supervises Fannie Mae and Freddie Mac’s fair lending activities, said Black and Latino borrowers respectively represented 6.3% The new report also revealed geographic trends in Fannie Mae and Freddie Mac’s fair lending activities.

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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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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.

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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!

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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 ).

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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.

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The Racial Lending Gap Examined

Appraisal Buzz

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

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Planet Home Lending Appoints Lynette Hale-Lee Western Regional Manager

Appraisal Buzz

Planet Home Lending has announced the hiring of Lynette Hale-Lee to serve as Western Regional Manager. Hale-Lee will enhance Planet Home Lending’s market share by recruiting additional mortgage loan originators and opening new branches in the West.

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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.

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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.

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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.

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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.

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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.

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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.

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Will mortgage lending get tighter in the next recession?

Housing Wire

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed.

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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.

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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.

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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.

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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.

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Lending standards tighten as appetite for riskier loans drops

Housing Wire

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit.

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3 misconceptions about using AVMs in home equity lending

Housing Wire

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending.

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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.

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Tavant Offering New AI-Powered Lending-as-a-Service Platform

Appraisal Buzz

Digital lending solutions provider Tavant has introduced its new Touchless Lending platform, an AI-powered lending-as-a-service platform that maximizes the use of data-driven processes to provide an end-to-end loan manufacturing experience.

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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.

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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.

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Mortgage Lending Creativity Adding Risk 

Appraisal Buzz

The post Mortgage Lending Creativity Adding Risk appeared first on Appraisal Buzz. BLOG VIEW: The mortgage market is shifting. The fact that pundits have been warning that lenders would see significant changes in their businesses in 2022 has done little to prepare them or make the shocks that come with these changes any easier. Experts had been predicting that interest rates would be rising as early as late 2020. Now that it’s here, the impacts are landing.

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