Housing Wire

SEPTEMBER 6, 2023

Department of Housing and Urban Development (HUD)-approved counselors can use fee for pre-purchase counseling and homeownership education services. On September 1, CFPB released a non-exhaustive list of HUD-issued official rules, interpretations and policy statements that continue to be applied by the CFPB.

Mortgage 421

Mortgage Contracts Real Estate Development 421

Housing Wire

JANUARY 30, 2024

a New York-based real estate investment trust, announced Tuesday its plan to launch a mortgage origination unit in the second quarter of 2024, less than a year after the company debuted in the servicing business by acquiring RoundPoint Mortgage Servicing Corp. This risk reduces the value of mortgage servicing rights (MSR).

Investing 409

Investing Retail Real Estate Mortgage 409

Appraisal Buzz

MARCH 25, 2024

Truv , a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae’s Desktop Underwriter (DU) validation service.

Technology 370

Technology Mortgage Appraisal 370

Housing Wire

MARCH 4, 2024

Rithm is joining a list that includes competitors Mr. Cooper Group , Freedom Mortgage , PennyMac Mortgage Investment Trust and Pennymac Financial Services , each of which have issued debt since September 2023. The tender offer will expire on April 1 unless it is extended or terminated early by the company. Rithm posted $532.7

Investing 421

Investing Real Estate Mortgage Buyers 421

Housing Wire

NOVEMBER 14, 2023

Homeowners can manage payments and escrows, go paperless, find savings opportunities and remain engaged with their servicers. With tools like applying for mortgage assistance and promotional targeted site messages, CARE helps servicers build lifetime relationships with their homeowners!

Design 410

Design Tools Technology Mortgage 410

Housing Wire

MARCH 18, 2024

Nations Direct Mortgage will provide services through Kroll at no cost to the recipient for 24 months. The identity monitoring services include credit monitoring, a web watcher, $1 million in identity fraud loss reimbursement, fraud consultation and identity theft restoration. The breach was quickly contained, the lender stated.

Mortgage 432

Mortgage Government Sellers Clients 432

Housing Wire

MARCH 5, 2024

LenderLogix , a provider of white-label mortgage software, has integrated with AccountChek , a digital verification service for assets, income and employment, the companies announced on Tuesday. AccountChek was acquired in March 2023 by publicly traded title insurer Stewart Information Service Corp.

Clients 421

Clients Insurance Tools Lending 421

Appraisal Buzz

MAY 1, 2024

Truv , a provider of automated employment and income verification technology for mortgage lenders, banks, and credit unions, is now an authorized report supplier for Fannie Mae’s Desktop Underwriter (DU) validation service. With coverage of 92% of the U.S.

Technology 195

Technology Mortgage Appraisal 195

Housing Wire

APRIL 24, 2024

million and Austin 10th with 1 million. Fort Worth is also in the top 15 with nearly 1 million people.) 1 brokerage by listing count from 2019 through 2023. That’s a lot of new Texans in a state that already has three of the nation’s 10 largest cities. Houston ranks fourth with 2.3

Brokerage 420

Brokerage Realty Marketing Real Estate 420

Housing Wire

DECEMBER 21, 2023

This attack comes less than month after First American was asked to pay the New York Department of Financial Services (DFS) $1 million as part of a cybersecurity violation settlement. Source told HousingWire that closings have had to be delayed as a result of the cybersecurity incident.

Clients 525

Clients Real Estate Business Mortgage 525

Inman

APRIL 27, 2023

The loan servicer spends "several hundred million dollars a year" on call center operations and expects $50 million in annual savings at the outset of a 'multiyear' artificial intelligence project.

Mortgage 122

Mortgage Technology 122

Housing Wire

JANUARY 23, 2024

Product Fast Facts #1 Integrates seamlessly with a lender’s loan origination platform, via API services, to read, react, and perform real-time, automated, underwriting activities. #2 The results: lower costs, reduced risk of human error, and faster loan approvals. Conditions and tasks cleared without human intervention.

Loan Conditions 420

Loan Conditions Lending Mortgage 420

Housing Wire

JANUARY 23, 2024

From application through servicing, our platform drives efficiency and ensures compliance and scalability. Product Fast Facts #1 Robust flagship LOS and mobile apps for borrowers, loan officers, correspondents, and brokers. Plus, standalone solutions for settlement agents, servicers, and document management. #2 Get More Info

Lending 315

Lending Architecture Loan Officers Tools 315

Housing Wire

NOVEMBER 10, 2023

District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws. Sloane Square , and Sotheby’s International Realty Affiliates. 8, 2019, and the present.

Real Estate 473

Real Estate Brokerage Sellers Law 473

Housing Wire

NOVEMBER 9, 2023

The lender and servicer informed law enforcement, regulatory authorities and other stakeholders. Servicing operations resumed on Nov. The company has already resumed buying mortgage servicing rights (MSRs). It aims to reach $1 trillion in MSR, including via acquisitions. Mr. Cooper had 4.3 Mr. Cooper funded $3.3

Legal 432

Legal Law Finance Technology 432

Housing Wire

NOVEMBER 2, 2023

This strategic move allows Trustar Bank to focus on our core services while still providing portfolio mortgages to our valued customers,” Shaza Andersen, CEO of Trustar Bank, said in a statement. The financials of the deal were not disclosed.

Mortgage 421

Mortgage Loan Officers Construction Retail 421

Housing Wire

FEBRUARY 13, 2024

In total, $10 billion was allocated for the fund by the American Rescue Plan, with $1 billion going to California. 1 and are still in arrears, or who’ve missed at least one property tax payment by Feb. 1,” the Los Angeles Times reported.

Property Taxes 406

Property Taxes Mortgage Design Insurance 406

Housing Wire

JUNE 10, 2022

Finicity Mortgage Verification Services (MVS). The solution offers flexible flows for all mortgage lending use cases. Product Fast Facts. #1. GSE-accepted for rep and warranty relief. #2. Reduces cost and shortens the time for loan origination. #3. Available across the ecosystem through major LOS/POS platforms. Get More Info.

Lending 397

Lending Mortgage 397

Housing Wire

FEBRUARY 14, 2023

Qualia The Qualia technology infrastructure for title & escrow companies, lenders, title insurers, and service providers enables each party to complete their own unique tasks required for a closing and exchange information in real time, standardize and automate back-and-forth workflows, and collaborate with one another in a way never before possible. (..)

Insurance 381

Insurance Realtors Clients Technology 381

Housing Wire

FEBRUARY 20, 2024

.” Autopilot was added to the company’s deal-flow engine Actionable Data Intelligence, which in 2023 was used to structure 6 million loan offers and generate $1 billion in origination volume for its clients, the company reported. A top 10 servicer is already using Autopilot, the company reported.

Technology 409

Technology Clients Finance Investing 409

Housing Wire

OCTOBER 31, 2023

The report, published on Monday, shows that the return on average assets – an indicator of how well companies use their assets to generate profits – reached 1% in the second quarter of 2023 for six lenders, compared to -2% in the previous quarter. Looking ahead, rate declines expected by the end of 2024 could pressure MSR valuations.

Mortgage 432

Mortgage Valuation Finance Investing 432

Housing Wire

DECEMBER 27, 2023

The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations. However , ServiceMac , First American’s mortgage servicer subsidiary, had come back online after being offline through Tuesday afternoon.

Sellers 496

Sellers Insurance Valuation Clients 496

Housing Wire

APRIL 24, 2024

Amid a challenging environment, Freedom has kept its cost structure low and has acquired loans to increase its servicing portfolio. Inside Mortgage Finance (IMF) estimates Freedom’s owned mortgage servicing was $458 billion at the end of 2023, up 1.3% while adding that ”we’re getting towards the tail.”

Mortgage 432

Mortgage Business Finance Investing 432

Housing Wire

AUGUST 1, 2023

With the deals, Mr. Cooper has moved closer to its $1 trillion mortgage servicing rights (MSR) portfolio target. The servicing portfolio grew because of Rushmore’s special servicing platform acquisition. Mr. Cooper concluded on Monday a tender offer for Home Point’s outstanding shares after extending the deadline twice.

Investors 370

Investors Design Insurance Investing 370

Housing Wire

JANUARY 9, 2024

Weinbach, 50, will be in charge of the company’s operations, which includes originations, servicing and technology, Mr. Cooper announced on Tuesday. On the servicing side, it had 4.3 He will succeed Chris Marshall, who is retiring at the end of 2024 but will assist with the transition. The effective date is Feb.

Lending 430

Lending Clients Technology Mortgage 430

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast. Those two [Mr.

Marketing 409

Marketing Mortgage Sellers Buyers 409

Housing Wire

DECEMBER 12, 2023

The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. Other directors on the CMLS board include executives from UtahRealEstate.com , Bright MLS , MIBOR Realtor Association , and Hawaii Information Services , among others. CMLS announced its new executive committed in October.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Government 421

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. billion in about 24 hours, higher than the $1 billion expected by the company, reflecting an oversubscribed deal. For example, Freedom raised $1.3 Other peers would follow suit, analysts said at that time.

Contracts 410

Contracts Investing Mortgage Investors 410

Housing Wire

SEPTEMBER 25, 2023

1 will negatively affect consumer loan asset quality, including credit card, auto and, to a lesser extent, residential mortgages. 1, repayments are due to restart on Department of Education (DOE) federal student loans (Direct Student Loans), which began accruing interest again on Sept. Federal student loan payments resuming on Oct.

Mortgage 421

Mortgage Marketing 421

Housing Wire

APRIL 26, 2023

The servicing portfolio again propelled the quarterly performance, but this time, the origination segment also contributed to the results by returning to profitability. The company reported on Wednesday that it delivered $37 million in net income from January to March, compared to $1 million in the fourth quarter. Mr. Cooper had 4.1

Contracts 384

Contracts Government Business Clients 384

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. Of the $1 billion total, $730 billion has been deployed since 2022, and the company has issued more than 10,000 HEIs in total as of January.

Investing 403

Investing Renovations Tools Real Estate 403

Housing Wire

NOVEMBER 28, 2023

Big Four title firm First American must pay the New York Department of Financial Services (DFS) $1 million as part of a cybersecurity violation settlement, according to an announcement on Tuesday.

Real Estate 410

Real Estate Government Clients Insurance 410

Housing Wire

SEPTEMBER 13, 2023

As amended, the bill provides that California notaries could begin to offer online notarization services beginning January 1, 2030 though stakeholders like Notarize hope it will be years earlier. It found that California was one of the least equitable states in the country when it came to access to financial and government services.

Real Estate 397

Real Estate Legal Government Technology 397

Housing Wire

AUGUST 22, 2023

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association ’s (MBA) monthly loan monitoring survey. Mortgage servicers have provided forbearance to about 7.9 million borrowers since March 2020. .”

Mortgage 370

Mortgage Investors Finance 370

Housing Wire

DECEMBER 14, 2022

CARE is Sagent’s consumer platform that links a modern, bank-on-your-phone experience for borrowers with seamless human care from servicers. In the month of October, we had over 1 million unique users logging into CARE who submitted over 1.2 They can also quickly apply for and resolve forbearances and loan mods during hardships.

Modernization 384

Modernization Design Tools 384

Housing Wire

SEPTEMBER 27, 2023

community bank, was accused of illegally avoiding providing mortgage services to majority Black and Hispanic neighborhoods in Rhode Island. The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas.

Advertising 432

Advertising Loan Officers Lending Training 432

Housing Wire

NOVEMBER 30, 2023

Fidelity initially notified the public two days after the attack, revealing the firm experienced disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries.

Insurance 421

Insurance Government Real Estate Clients 421