Expert insights. Personalized for you.
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. MORE
The post Mortgage Lending Experiences Quarterly Decline appeared first on theMReport.com. The post Mortgage Lending Experiences Quarterly Decline appeared first on Appraisal Buzz. MORE
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. MORE
The post Mortgage Lending Sentiment Mixed appeared first on DSNews. The post Mortgage Lending Sentiment Mixed appeared first on Appraisal Buzz. MORE
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. MORE
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. MORE
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. MORE
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. MORE
The post The Racial Lending Gap Examined appeared first on Appraisal Buzz. MORE
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. MORE
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! MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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 ). MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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.”. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
“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 MORE
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 MORE
Lending Related Topics Appraisal Buzz
APRIL 11, 2022
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.
Housing Wire
APRIL 29, 2022
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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Housing Wire
MAY 12, 2022
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.
Housing Wire
JANUARY 24, 2022
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.
Housing Wire
APRIL 25, 2022
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.
Housing Wire
DECEMBER 11, 2020
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.
Housing Wire
MARCH 11, 2021
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.
Housing Wire
JANUARY 5, 2021
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
Housing Wire
APRIL 13, 2022
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.
Housing Wire
DECEMBER 14, 2021
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 ).
Housing Wire
JANUARY 8, 2021
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!
Housing Wire
APRIL 27, 2021
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.
Housing Wire
MAY 11, 2022
“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
Housing Wire
FEBRUARY 22, 2022
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.
Housing Wire
MARCH 11, 2022
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.
Housing Wire
FEBRUARY 3, 2021
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.
Housing Wire
JUNE 15, 2021
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.
Housing Wire
JANUARY 7, 2021
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.
Housing Wire
DECEMBER 7, 2021
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.
Appraisal Buzz
MARCH 9, 2022
The post The Racial Lending Gap Examined appeared first on Appraisal Buzz.
Appraisal Buzz
SEPTEMBER 9, 2021
The post Mortgage Lending Sentiment Mixed appeared first on DSNews. The post Mortgage Lending Sentiment Mixed appeared first on Appraisal Buzz.
Housing Wire
SEPTEMBER 15, 2020
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.
Housing Wire
MARCH 29, 2021
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
Housing Wire
DECEMBER 24, 2021
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.
Housing Wire
MARCH 29, 2022
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.
Housing Wire
JANUARY 22, 2021
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
Appraisal Buzz
MAY 13, 2021
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.
Housing Wire
MARCH 15, 2021
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.
Housing Wire
MAY 16, 2022
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.
Appraisal Buzz
DECEMBER 3, 2021
The post Mortgage Lending Experiences Quarterly Decline appeared first on theMReport.com. The post Mortgage Lending Experiences Quarterly Decline appeared first on Appraisal Buzz.
Housing Wire
JANUARY 14, 2021
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.
Housing Wire
FEBRUARY 5, 2021
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.
Appraisal Buzz
AUGUST 12, 2021
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.
Appraisal Buzz
OCTOBER 11, 2021
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.
Appraisal Buzz
MAY 18, 2021
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.
Housing Wire
APRIL 9, 2021
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.
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.
Appraisal Buzz
MAY 10, 2022
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.
Appraisal Buzz
FEBRUARY 25, 2022
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.
Housing Wire
APRIL 21, 2022
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.”.
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