Appraisal Buzz

SEPTEMBER 13, 2024

The latest Mortgage Credit Availability Index (MCAI) released by the Mortgage Banker’s Association (MBA) indicated that there was an increase in mortgage credit availability in August. The expanded historical series from 2004 to 2010 does not include updated methodology. In August, the MCAI increased by 0.9%

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Housing Wire

SEPTEMBER 19, 2024

Heartland Bank , the leading reverse mortgage lender in Australia and New Zealand , will rebrand its dedicated reverse mortgage division from “Heartland Finance” to “Heartland Bank” following a recent acquisition and a repositioning of its offerings. “We billion AUD, or roughly $1.2 billion USD.

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Appraisal Buzz

AUGUST 8, 2024

The Mortgage Credit Availability Index (MCAI) , a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in July. The expanded historical series from 2004 to 2010 does not include updated methodology.

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Appraisal Buzz

JULY 11, 2024

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in June. The expanded historical series from 2004 to 2010 does not include updated methodology.

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Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. When people say credit will get so tight that we are headed back to 2008 levels of lending, they’re telling me they’ve never read the MBA’s mortgage credit availability index, not even one time.

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Appraisal Buzz

OCTOBER 28, 2024

Laura Escobar, president of Lennar Mortgage, has been appointed chair of the Mortgage Bankers Association (MBA) for 2025. Escobar is a 37-year mortgage industry veteran, She has held leadership positions with both bank-owned and independent mortgage companies overseeing all aspects of mortgage banking. since 2018.

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Appraisal Buzz

OCTOBER 29, 2024

USRES: Real Estate, Mortgage Portfolio Services, and Support USRES offers various real estate and mortgage portfolio services to help professionals optimize their operations and improve revenue streams: 1. COMPANY BIO Founded in 1992 and 2004, respectively, USRES and RES.NET provide comprehensive real estate solutions.

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Real Estate Agent Real Estate Agents Valuation 356

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. FoA) months after it shut down its forward mortgage segment. billion during the same period in 2022, according to Inside Mortgage Finance (IMF).

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Retail Mortgage Lending Renovations 448

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. “The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, CEO of StoicLane and one of the investors in the round, said in a statement. and former U.S. Acting Comptroller of the Currency).

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Housing Wire

JULY 25, 2024

Jim Cullen spent nearly 20 years in the reverse mortgage profession and recently decided that it was time to retire. Chris Clow/RMD: Jim, you were a real estate agent and then a forward mortgage professional before jumping into the reverse arena. I made the switch into reverse mortgages, quite honestly, not due to anything I initiated.

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Mortgage Training Development Real Estate Agent 444

Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. But the U.S.

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Appraisal Buzz

JUNE 7, 2024

Mortgage credit availability increased in May, according to the Mortgage Credit Availability Index (MCAI) , a report from the Mortgage Bankers Association (MBA) based on data from ICE Mortgage Technology. Mortgage credit availability rose gradually in May and has increased for five consecutive months.

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Housing Wire

NOVEMBER 6, 2023

Patricia “Patti” Cook , who broke the glass ceiling in the mortgage industry during a successful 45-year career , died on Friday at her home in New York. Between 2004 and 2008, during the height of the financial crisis, she served as executive vice president and chief business officer at Freddie Mac. She was 70 years old.

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Housing Wire

JULY 11, 2022

Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). Kumar was a manager at Standard Chartered Bank from 2002 to 2004. The post LendArch hires Karthik Kumar, TCS’s former head of mortgage appeared first on HousingWire.

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Mortgage Architecture Technology Clients 370

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

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Housing Wire

JULY 29, 2021

In a comprehensive study of mortgage market liquidity, Liquidity Crises in the Mortgage Market , several well-known academics provided compelling evidence for “liquidity vulnerabilities associated with nonbanks.” These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. NonBank Risk Multipliers Compared to Depositories.

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Sellers Mortgage Business Lending 448

Housing Wire

MARCH 5, 2024

He has been with Carrington for nearly 20 years after joining as associate director and head of analytics in 2004. In the mortgage space, Carrington Mortgage Services provides nonqualified mortgages ( non-QM ), conventional mortgages and government-backed loans through the FHA , VA and USDA programs.

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Retail Lending Government Business 448

Housing Wire

MAY 24, 2022

By 2004, they heard they could refinance, possibly get some cash out. Over 25 years, this one person has been a mortgage customer of six different mortgage companies, each saving him over $100 per month. There are fewer mortgage people doing all the work. Mortgages will be easier to do and complete. The survivors.

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Mortgage Real Estate Agent Business Loan Officers 459

Housing Wire

MAY 17, 2021

One of the great questions facing the housing markets in 2021 is what will happen when the mortgage forbearance programs under the CARES Act expire. Since that time however, a powerful fiscal and monetary response brought mortgage rates to a record low and boosted household savings.

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Marketing Housing Market Development Investors 482

Housing Wire

OCTOBER 28, 2022

Mortgage lender Homestar Financial Corporation on Friday announced appointing Gurp Bhandal as executive vice president of national production. Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi.

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Housing Wire

DECEMBER 22, 2023

Since inception, both WFG and MyHome have been dedicated to providing transparency and empowerment to all mortgage transaction participants,” Steve Ozonian , the CEO and president of WFG, said in a statement. “As Launched in 2004, 10 of the nation’s top 30 banks work with Volly. The financial terms of the deal were not disclosed.

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Retail Valuation Technology Tools 459

Housing Wire

JUNE 8, 2021

It was barely a year ago that Angel Oak Mortgage and the rest of the non-QM lenders were holding on for dear life. a share, Angel Oak Mortgage would be valued at $537 million. Once it debuts on the Nasdaq Stock Exchange , Angel Oak Mortgage would be classified as a real estate investment trust (REIT). .” trillion. .

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Mortgage Investing Finance Retail 341

Housing Wire

DECEMBER 7, 2021

“That works out to nearly $178,000 available in tappable equity to the average homeowner with a mortgage before hitting a maximum combined loan-to-value ratio of 80%.”. Overall, mortgage holders withdrew more than $70 billion in equity in the third quarter, equivalent to just 0.8% will result in the tightest affordability since 2009.

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Inventory Mortgage Marketing 476

Housing Wire

FEBRUARY 13, 2023

Emerson will fill the seat on the board vacated by Farner and serve for a term expiring at Rocket’s annual meeting of stockholders in 2004 until his successor is elected. “Mr. Farner’s retirement from the board was not because of a disagreement with the company,” the SEC filing reads.

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Housing Wire

AUGUST 29, 2023

Mat Ishbia , chairman and chief executive officer at United Wholesale Mortgage (UWM), provided more than half of the mortgage company’s outstanding shares as a guarantee to secure loans ahead of the acquisition of the Phoenix Suns , according to a Bloomberg report. The executive acquired both teams in 2004.

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Sellers Mortgage Lending Marketing 418

Housing Wire

JANUARY 6, 2025

The Mortgage Bankers Association (MBA) on Monday appointed Jamie Woodwell as its senior vice president of commercial/multifamily policy and strategic industry engagement. Since joining the MBA in 2004, Woodwell has overseen the trade group’s economic research and analysis of the commercial and multifamily finance markets.

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Housing Wire

FEBRUARY 7, 2023

The NBA Board of Governors announced on Monday that it had approved the group, led by mortgage industry executive Mat Ishbia, to acquire the Phoenix Suns and Phoenix Mercury. The executive acquired both teams in 2004. But, amid a shrinking mortgage market, UWM had a market cap of about $7 billion as of Tuesday afternoon.

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Valuation Sellers Mortgage Marketing 370

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. million consent order with Trident Mortgage Co., Attorney General Merrick Garland said in a statement.

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Loan Officers Law Lending Advertising 435

Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors.

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Appraisal Valuation Appraisal Process Finance 370

Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

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Appraisal Valuation Law Home Value 448

Housing Wire

NOVEMBER 24, 2021

This week’s HW+ member spotlight features American Pacific Mortgage CEO Bill Lowman. Joining the company in 2002, American Pacific Mortgage named him president in 2004, and in 2016 he became CEO.

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Housing Market Mortgage Marketing Business 448

Appraisal Buzz

JANUARY 18, 2022

Nicole McCrary has been promoted to vice president of compliance at Cherry Creek Mortgage , a nationwide, full-service mortgage lender. She joined Cherry Creek Mortgage in 2004 as a loan officer assistant. The post Cherry Creek Mortgage Promotes Nicole McCrary to VP of Compliance appeared first on Appraisal Buzz.

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Mortgage Loan Officers Lending Appraisal 195

Housing Wire

JANUARY 24, 2024

But there appears to be a light at the end of the tunnel as mortgage rates are expected to steadily decrease, allowing homeownership to be within reach for more Americans. Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. by the end of 2024.

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Insurance Sellers Buyers Housing Market 468

Housing Wire

AUGUST 7, 2024

I have been CEO and/or chairman since the day Lloyd and I seed-funded the company in 2004, and I will remain engaged,” Barton told investors and analysts listening to the call. “My My role, however, will shift to supporting and counseling Jeremy Wacksman and the leadership team, rather than daily operational leadership.”

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Investors Agents Technology Business 467

Housing Wire

FEBRUARY 17, 2022

She went on to become the chief investment officer first at Prudential Investment Management and then at JP Morgan Fleming Asset Management before serving as executive vice president and chief business officer at Freddie Mac from August 2004 through the end of 2008. compared to the previous year, according to Inside Mortgage Finance.

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Appraisal Buzz

OCTOBER 8, 2024

driving progress in the mortgage servicing industry, has announced the reelection of two members to its Advisory Council. The firm has represented national mortgage lenders and servicers since 2004, making it one of the older default firms serving Florida. “I

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Legal Law Training Real Estate 397

Housing Wire

APRIL 27, 2021

It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months. Finance of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market.

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