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How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time. The goal for the lender is to have half of its production volume come from investment properties in 2023 — up from the current 10 to 15%.

Lending 418
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What happens when borrowers have more control of the lending process?

Housing Wire

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

Lending 435
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Could American reverse mortgage companies someday partner with one from Australia?

Housing Wire

Department of Housing and Urban Development (HUD). Also, meeting system providers like HECM Toolbox who have developed specific products to improve the reverse mortgage market was great.” In Australia, reverse mortgages have been regulated since 2009. ” Partnership possibility?

Mortgage 335
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Mortgage Educators and Compliance acquired by 360training

Housing Wire

360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development.

Training 448
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David Stevens, former FHA Commissioner and MBA President, has died

Housing Wire

He left for Freddie Mac in 1995, where he was senior vice president of single family lending and led product development, credit risk and contract negotiations for all single family businesses. Stevens oversaw FHA programs for single and multifamily housing for two years.

Finance 493
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Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

Housing Wire

Richards accuses the CEO, who founded loanDepot in 2009, of directing the company’s Chief Credit Officer, Brian Rugg, to refrain from auditing the 8,000 loans. Department of Housing and Urban Development and Mike Linton, marketing expert who currently serves as chief revenue officer at genomics firm Ancestry , The company was trading at $6.98

Retail 103
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Homebuilders are primed for an even better 2024

Housing Wire

The biggest headwind that homebuilders will confront when it comes to multifamily construction is the tight financing conditions in multifamily development. Labor shortages, lot shortages, lending issues, cost of lumber and materials as well as legal and regulatory barriers have made it difficult to deliver more homes to the American market.