Housing Wire

FEBRUARY 27, 2024

For some, their present lives are troubled, often through no fault of their own. In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods.

Real Estate 431

Real Estate Investors Business Lending 431

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. Presented by: CoreLogic. The relaxed lending standards allowed the GSEs to use “appraisal alternatives to reduce the need for appraisers to inspect the interior of a home for eligible mortgages.”

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

AUGUST 11, 2022

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 data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. Presented by: Selene Finance.

Lending 383

Lending Finance Loan Officers Legal 383

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% Presented by: Truework. across U.S.

Lending 448

Lending Mortgage Sellers Development 448

Housing Wire

SEPTEMBER 27, 2022

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. According to data by mortgage technology platform Modex , LemonBrew loan officers produced $347 million over the last 12 months. Presented by: Acra Lending.

Brokerage 370

Brokerage Lending Loan Officers Technology 370

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. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. It funded $4.2

Lending 441

Lending Loan Officers Mortgage Government 441

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. The Loan Atlas niche is served by its coaching faculty, consisting of 19 top mortgage originators and executives from various lending companies, according to Braheem.

Mortgage 408

Mortgage Marketing Loan Officers Training 408

Housing Wire

MARCH 28, 2023

A federal judge in Georgia has given the green light for an amended “predatory lending” lawsuit to proceed against Wells Fargo. Wells Fargo has been under fire numerous times in the past over discriminatory lending allegations. The lawsuit was filed under the Fair Housing Act by three counties in Georgia.

Lending 381

Lending Mortgage Legal 381

Housing Wire

APRIL 25, 2024

Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. Reverse mortgages for purchase are taking up more conversation on the reverse side of the business recently.

Mortgage 354

Mortgage Finance Real Estate Best Value 354

Housing Wire

DECEMBER 1, 2022

Sales Boomerang and Mortgage Coach announced an API integration between Mortgage Coach and SaaS technology provider Polly on Thursday. Now, lenders can merge the benefits of our high-performance PPE with Mortgage Coach’s ability to multiply borrower conversion,” said Adam Carmel, founder and CEO of Polly, in a statement.

Mortgage 408

Mortgage Technology Investing Design 408

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 285

Lending Technology Finance Insurance 285

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., Presented by: GQ Ally. have agreed to pay a total of $22.9

Lending 373

Lending Government Investors Law 373

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Presented by: WFG. Citadel resumed non-QM lending in the summer. ” The post Non-QM lender Citadel Servicing rebrands as Acra Lending appeared first on HousingWire. .

Lending 377

Lending Investing Business Retail 377

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. Presented by: Rocket Pro TPO.

Lending 364

Lending Mortgage Marketing Housing Market 364

Housing Wire

MAY 11, 2022

.” But how does an all-cash offer benefit a mortgage lender? It also plans to hook prospective homebuyers by boosting their bottom line: They get to lock in lower wholesale mortgage rates that can cost the homebuyer an average of $8,000 less over the life of the loan. Presented by: Finance of America.

Lending 384

Lending Real Estate Agent Investors Finance 384

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. Presented by: Total Expert.

Mortgage 416

Mortgage Lending Technology Insurance 416

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.

Lending 380

Lending Loan Officers Training Investors 380

Housing Wire

OCTOBER 11, 2022

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform. The post Mortgage Coach integrates with Insellerate appeared first on HousingWire.

Mortgage 395

Mortgage Loan Officers Open Houses Retail 395

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 441

Mortgage Renovations Appraisal Process Finance 441

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

Mortgage 426

Mortgage Project Management Insurance Loan Officers 426

Housing Wire

SEPTEMBER 29, 2022

Non-QM specialist Angel Oak Mortgage Solutions is the latest player in the space to cut a sizable chunk of its workforce amidst widespread market volatility. The company issued pink slips to 75 employees last week, about 20% of its workforce, citing the “current economic environment that has challenged the entire mortgage market.”

Mortgage 370

Mortgage Lending Investors Government 370

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. Presented by: Angel Oak. Back in March, Mega Capital Funding became one of many mortgage lenders that ceased all non-QM operations.

Lending 367

Lending Investors Mortgage Marketing 367

Housing Wire

FEBRUARY 12, 2024

Where should mortgage rates be before I buy or refinance my home? These are just a few of the questions independent mortgage brokers get asked on a daily basis. This is why it’s more important than ever for independent mortgage brokers across the country to establish themselves as an expert and trusted advisor in the mortgage industry.

Mortgage 455

Mortgage Clients Business Marketing 455

Housing Wire

JANUARY 15, 2021

JPMorgan Chase , the nation’s largest depository bank, increased mortgage origination volume to $32.5 The Jamie Dimon-led bank increased overall mortgage origination volume primarily through its correspondent channel, according to the earnings report issued this week. billion in mortgages. Presented by: WFG.

Lending 310

Lending Retail Valuation Mortgage 310

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. Yet borrowers have had limited agency in the lending process to date. The smart contract presents the borrower’s lending request to the exchange. A bigger vision. “We’re

Lending 410

Lending Contracts Investors Technology 410

Housing Wire

AUGUST 28, 2023

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment.

Mortgage 369

Mortgage Retail Loan Officers Construction 369

Housing Wire

OCTOBER 31, 2022

Movement Mortgage on Friday announced the appointment of Lyra Waggoner as its chief information officer. Waggoner’s professional career spans 18 years in the mortgage industry. The key to growing in a challenging mortgage market. Presented by: Polly. Her role will focus on technology to drive the company’s growth.

Loan Officers 369

Loan Officers Mortgage Technology Tools 369

Housing Wire

JULY 16, 2021

The second big mortgage joint venture announcement this week is a meeting of the Glenns. Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology. Presented by: SimpleNexus.

Mortgage 409

Mortgage Lending Brokerage Agents 409

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. Republic had an active business that specialized in jumbo mortgage products. Ultimately, it originated about $50 million in mortgages in 2023, per mortgage tech platform Modex.

Loan Officers 370

Loan Officers Insurance Mortgage Lending 370

Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Presented by: FormFree.

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Borrowers weren’t going to get a new mortgage without a 700 or higher credit score and at least 20% down. Presented by: Sutherland.

Business 439

Business Mortgage Retail Lending 439

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. billion during the same time period, according to mortgage recruiting platform Modex. In total the lenders have originated about $3.3

Mortgage 430

Mortgage Retail Loan Officers Finance 430

Housing Wire

APRIL 9, 2024

The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. The future of the mortgage industry is increasingly diverse. More recently, Patriot Bank paid $1.9

Modernization 388

Modernization Lending Legal Legal Fees 388

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 383

Mortgage Investors Investing Lending 383

Housing Wire

APRIL 27, 2022

First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. The wholesale division provides underwriting and closing services to small banks, credit unions, and mortgage brokers. Presented by: William Mills Agency.

Mortgage 360

Mortgage Retail Lending Finance 360

Housing Wire

JULY 29, 2022

As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. With mortgage origination volume expected to drop by about 40% to $2.4 Direct to consumer lending can lower variable costs significantly.

Mortgage 384

Mortgage Loan Officers Lending Real Estate Agent 384

Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. As the housing market changes, so does lending fraud.

Mortgage 544

Mortgage Insurance Lending Government 544