Housing Wire

APRIL 3, 2024

The only entity to be immediately impacted in the initial rebranding stage is Ocwen itself, but a version of the new name is expected to roll out to both Liberty and PHH at some point in 2024. Messina went on to describe the company having “steadily grown” its mortgage servicing and subservicing portfolios. Ocwen Financial Corp.,

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Housing Wire

APRIL 8, 2024

Importantly, that language was only included in the House passed version of the emergency funding bill.” Massachusetts is the only state in the country to require in-person reverse mortgage counseling, a requirement that caused issues and effectively halted its reverse mortgage business during the early days of the COVID-19 pandemic.

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Mortgage Law Business 344

Housing Wire

FEBRUARY 3, 2021

All told, UWM only lags behind overall market leader Rocket Mortgage , which will reveal its earnings later this month. The fourth quarter and 2020 overall was phenomenal for UWM and the wholesale channel by any measure,” Mat Ishbia, the wholesaler’s president and CEO said in a statement. billion in MSR. billion in MSR.

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Mortgage Investors Technology Investing 523

Appraisal Buzz

SEPTEMBER 27, 2021

Marketing your appraisal services to attorneys can lead to some very lucrative opportunities. Profiting from (Credible) Measuring Services. One of the most baffling services offered to real estate agents currently comes from newer real estate marketing companies, many of which lack any true experience or education.

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Housing Wire

SEPTEMBER 13, 2023

Shelter has been decelerating year over year since April, but remains high, pushing up services inflation,” noted First American Economist Ksenia Potapov. However, it takes months for those aggregate rent trends to show up in the CPI measures.

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Landlords Insurance Construction Realtors 381

Housing Wire

NOVEMBER 14, 2023

According to the complaint, the “anticompetitive measures” put in place by NAR and perpetuated by the defendants “impose charges on home sellers beyond competitive thresholds and thwarting competition from innovative or lower-cost alternatives.” 13, 2019, to the present. 13, 2019, to the present.

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Housing Wire

MARCH 6, 2024

Naturally, as is the case with nearly any form of change, this will impact both the mortgage and the settlement services industries. Open APIs represent a dramatic advance in software development, even at a time when the introduction of new ideas and concepts is only accelerating. Here’s how.

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Technology Real Estate Business Architecture 381

Housing Wire

MARCH 22, 2024

Spotlight analysis and rankings for specific achievements like fastest growers, core services, independents, and affiliated firms. We know size isn’t the only measure. We recognize success and innovation in multiple ways.

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Brokerage Real Estate Agents Sellers 436

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Mortgage lending work is only one type of business where appraisals are needed. It’s important to tell a little about your company and the services that you offer. When people receive your monthly newsletter, it reminds them that we are still out there waiting to help others with our valuation services. So what can we do?

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Housing Wire

MARCH 10, 2023

.” The participating firms, which will collect appraisal data and put it through Fannie Mae’s API, include the biggest name in the mortgage tech space: Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. This data can only be submitted through Fannie Mae’s “Property Data API.”

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Housing Wire

OCTOBER 12, 2020

Some sectors of the housing industry have begun adjusting to the new normal brought on by COVID-19; however, servicers continue to face a number of lingering challenges related to the CARES Act and increasing forbearance numbers. Prior to COVID-19, servicers were staffed to handle a historically low number of delinquencies and defaults.

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Housing Wire

MARCH 17, 2023

Bottom line is that even when all business lines are considered – mortgage production and mortgage servicing – only one in four companies were profitable in the fourth quarter of 2022. IMBs generated $436 million in origination volume on average in the fourth quarter, down from $578 million in the third quarter.

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Mortgage Valuation Business Finance 392

Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. Park National Bank didn’t respond to requests for comment.

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Housing Wire

MAY 4, 2022

Still, it is the only one of these outfits to ever turn a quarterly profit from its iBuying division. Not only did the number of homes sold increase, but so did the average resale price, which climbed to $381,000 in the first three months of 2022, compared to $278,000 in the first quarter of last year. “We billion in revenue.

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Investors Business Valuation Insurance 387

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

Frankly, much of my work has been time-consuming for many reasons, including trying to measure different markets in this interesting time. CubiCasa launched Digital GLA (Gross Living Area) to provide a more efficient and accurate solution for measuring property square footage. This add-on is the most popular among appraisers.

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Marketing Real Estate Agent Real Estate Appraisal 306

Housing Wire

SEPTEMBER 16, 2022

The index compiles only purchase mortgage rates reported by lenders during the past three days. . The consumer price index, which tracks a range of goods and services to keep track of inflation, rose 0.1% The market composite index, a measure of mortgage loan application volume , declined 1.2% in August and 8.3%

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Mortgage Inventory Buyers Marketing 435

Housing Wire

APRIL 18, 2024

The report notes, however, that “in Q3 2023, Freddie repurchases fell 35% from the prior quarter while Fannie’s fell only 12%.” Data courtesy of Sterling Point Advisors and Augment Analytics Brett Ludden is managing director and co-head of the financial services team at Sterling Point Advisors, a merger and acquisitions advisory firm.

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Investors Technology Mortgage Training 415

Housing Wire

JULY 12, 2023

Inflation cooled significantly last month, representing arguably the most promising news for the housing industry since the Federal Reserve began instituting aggressive price control measures 16 months ago. The so-called core measure — which economists view as the better indicator of underlying inflation — advanced 4.8%

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Insurance Construction Tools Realtors 293

Cleveland Appraisal Blog

MAY 12, 2022

In the meantime, I want to visit with you about an awesome software and service that is changing the way real estate professionals measure homes and provide floor plans. The service is called Cubicasa. Then I began to see their videos as well as videos of fellow appraisers who have posted things about this service.

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Inspection Appraisal Tools Advertising 347

Appraisal Buzz

DECEMBER 6, 2021

Whether through machine learning tools that create quick and accurate measurements, or digital platforms that allow lenders and appraisers to interact directly, technology is helping modernize previously inefficient workflows, which enable appraisers to add efficiencies to the appraisal process. .

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Appraisal Appraisal Process Valuation Technology 448

Housing Wire

JULY 21, 2022

The significant quarter-over-quarter increase illustrates that Americans’ overall financial status was improved by pandemic-related fiscal measures, including government stimulus payments, tax credits and student loan moratoriums, the report said. . Rate-and-term alerts also fell 49% in the second quarter from the previous quarter. .

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Mortgage Marketing New Listings Government 415

Housing Wire

JANUARY 20, 2022

During the onset of COVID-19 in 2020, mortgage lenders were eager to discuss the measures that they were putting in place to keep employees safe. Of the top 10 nonbank lenders that HousingWire reached out to, only six provided any updates on how they are dealing with the surge of the Omicron variant.

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Human Resources Business Mortgage Finance 383

Housing Wire

JUNE 28, 2021

The Consumer Financial Protection Bureau (CFPB) today released extensive mortgage servicing regulations it hopes will prevent “unwelcome surprises” for borrowers exiting forbearance. Servicers can skip those caveats if the borrower was already six months past-due by March 2020 or if the property is abandoned.

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Mortgage Housing Market Marketing 418

Housing Wire

NOVEMBER 16, 2021

The Board of Directors approved measures regarding information in home listings, which were previously adopted by the Multiple Listings Services policy committee. Though the measures passed by comfortable margins, a few board members expressed their displeasure. The policy was made partly in response to Zillow’s Premier Agent.

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Real Estate Agent Agents Real Estate Realtors 388

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

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Mortgage Loan Officers Modernization Investing 348

Housing Wire

MAY 10, 2022

million from January to March, buoyed by adjustments in the fair value of mortgage servicing rights (MSRs). The company’s purchase volume grew 43% year over year, but it represented only 16.7% ” Regarding the servicing book, the unpaid principal balance increased 17% year-over-year to $546 billion as of March 31. .

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Contracts Mortgage Clients Investing 408

Housing Wire

MAY 2, 2024

This flux has created far more volatility in the housing market, particularly in recent weeks, with the MOVE Index — a measure of rate volatility in the U.S. KBRA’s measure of non-agency loans encompasses the prime jumbo, nonprime/non-QM, and home equity lending spaces, as well as credit-risk transfer deals.]

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Marketing Mortgage Investors Sellers 419

Housing Wire

DECEMBER 21, 2020

And for good measure, it also announced that it had acquired a rival in the title and escrow software space. And Stewart Information Services Corp. , Qualia’s research department reported recently that more than half of homebuyers prefer an entirely digital closing process, yet only 13% of recent home buyers reported having one.

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Lending Real Estate Modernization Investors 482

Cleveland Appraisal Blog

APRIL 11, 2023

When performing an analysis of the market, good appraisers will not only measure the rate of change in prices of overall properties in a specific market area but perhaps more importantly, the rate of change of homes that compete with the property being appraised. If prices are changing we must factor that into our opinion of value.

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Appraisal Market Value Legal Property Appraisal 359

Housing Wire

JANUARY 12, 2023

Of course, a lot of lenders pulled back on home equity products and services when refinancing activity surged and moved the bulk of resources to the more profitable first mortgage space. Once you’ve answered those questions, consider the following factors and how your home equity service partner should deliver on each one.

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Technology Inspection Valuation Tools 394

Housing Wire

DECEMBER 20, 2022

Apparently, the transitory inflation story that was prevalent a year ago does apply, but only to the core goods sector of the economy. The other, and significantly larger, sector of the economy is core services , which comprises over 130 million workers, 86 percent of total non-farm employment. Core services, excluding shelter.

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Housing Market Mortgage Sellers Buyers 391

Housing Wire

FEBRUARY 24, 2022

Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. Both measurements make Opendoor’s $525 million in 2021 stock-based compensation magically disappear. Adjusted EBITDA takes extra steps including wiping out $119 million toward asset-backed debt facilities.

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Investors Real Estate Inventory Finance 459

Housing Wire

SEPTEMBER 13, 2022

“Prior to five or six years ago, the only way you could really produce a floor plan was by hand, hand drawing and measuring and sketching. Because floor plans also include measurements and room dimensions, they give buyers a more precise sense of, ‘Okay, will my furniture, will my way of living, actually fit into these rooms?’

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Training Buyers Technology Sellers 393

Housing Wire

JUNE 11, 2021

Removing the limits would provide an “important catalyst” to getting the rental checks flowing to landlords again, the coalition wrote, so they can pay their debt service and maintain their properties. “We Not only are they now able to make rent payments, but there is rental assistance on the way. The unemployment rate dropped to 5.8%

Landlords 447

Landlords Tenants Government Realtors 447

Housing Wire

APRIL 9, 2024

Shifting strategies is not only ethical and compliant, it’s financially lucrative. Only 455,000 of these are projected to be white. We can do better The traditional framework sets diverse lending initiatives apart as specialized services. The future of the mortgage industry is increasingly diverse. million net new households.

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Modernization Lending Legal Legal Fees 369

Housing Wire

DECEMBER 11, 2020

Earlier this year, the bureau signaled that the change was coming , saying it had concluded that a loan’s price – as measured by comparing a loan’s annual percentage rate to the average prime offer rate for a comparable transaction – is a more “holistic and flexible” measure of a consumer’s ability to repay than DTI alone.

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Mortgage Investors Marketing 452

Housing Wire

DECEMBER 27, 2023

By the same measure, Guild had just 1.1% Some of their competitors are working off a similar playbook, acquiring top sales talent or mortgage servicing rights through M&A deals. Mortgage servicing rights (MSRs) are an attractive asset for some acquirers. It won’t be easy. There were also a few cases of bankruptcy.

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Mortgage Retail Lending Sellers 420