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.

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Mortgage Project Management Insurance Loan Officers 459

Housing Wire

JULY 15, 2024

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena.

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Lending Finance Real Estate Construction 433

Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. This week’s average purchase mortgage rate rose 17 basis points from the prior week’s 5.10%. This week, mortgage application volume rose 2.5% from the previous week. Presented by: Polly.

Mortgage 370

Mortgage Buyers Government Lending 370

Housing Wire

FEBRUARY 9, 2023

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. This week, Guild announced it has acquired Legacy Mortgage.

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

NOVEMBER 15, 2024

However, I will give you all the charts to show Uncle Dave that housing credit doesn’t look like it did in 2008 because the qualified mortgage (QM) law makes that impossible. None of that action has been happening for 14 years because the credit market changed after the 2010 qualified mortgage rule.

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New Listings Sellers Mortgage Law 521

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. The significant cost savings of working with an independent mortgage broker has also become more widely known. The big question is, what caused this increase?

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Retail Marketing Loan Officers Government 476

Housing Wire

JANUARY 17, 2024

David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died. He left government service and became president of the Mortgage Bankers Association.

Finance 493

Finance Loan Officers Real Estate Development 493

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. million mortgage fraud settlement with the Securities and Exchange Commission to his name, seems to be back in the mortgage business. Shocked employees didn’t receive their last paychecks.

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Mortgage Investors Legal Loan Officers 418

Housing Wire

OCTOBER 25, 2021

According to a source, the expectation from the mortgage industry is that the governor will sign the bill – if so, it will become law 90 days later. Presented by: Angel Oak Mortgage Solutions. The bill has received strong opposition from much of the mortgage industry, which these days is dominated by nonbanks.

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Law Lending Insurance Mortgage 468

Housing Wire

MAY 9, 2022

Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . Compared with the same period last year, the number of rate locks by mortgage volume was down 25.4%. .

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Mortgage Home Value Buyers Lending 370

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

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Investors Inventory Government Construction 465

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Housing Wire

FEBRUARY 8, 2024

New York-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of the company’s strategy to retain borrowers from its servicing portfolio when interest rates drop. “He Meanwhile, the 30-year fixed mortgage rate was 6.9%

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Business Investing Real Estate Advertising 434

Housing Wire

OCTOBER 2, 2020

In the fallout of the housing collapse of 2007- 2009, the U.S. There are a few lessons to remember here: Nonbanks did not create the unsustainable mortgage market. This was the beginning of the more significant growth of nonbanks in the mortgage industry. Nonbanks do not set the rules of lending.

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Investors Government Lending Mortgage 528

Housing Wire

FEBRUARY 6, 2023

Last month, PrimeLending sued competitor First Community Mortgage, Inc. Dybvad’s professional career began in 1988 with her role as a mortgage originator at Savings of America. “She brings her high energy and optimism to work every day, inspiring all around her to achieve their very best.”

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Legal Mortgage Lending Buyers 396

Housing Wire

NOVEMBER 7, 2022

High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate from the housing market in the third quarter of 2022, according to Black Knight ’s mortgage monitor report. Equity among mortgaged homes dropped by about $1.5 mortgage holders saw a total of $1.3 That figure declined by $1.17

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Housing Market Marketing Home Value Mortgage 370

Housing Wire

JULY 17, 2023

Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. “Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. Mozilo was president of the Mortgage Bankers Association (MBA) in 1991-1992.

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Lending Business Mortgage Government 370

Housing Wire

OCTOBER 18, 2022

A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6. Sprout was founded in 2009 by industry veteran Michael Strauss and became “one of the fastest growing non-QM lenders in the country,” according to the lawsuit.

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Contracts Law Legal Mortgage 397

Appraisal Buzz

JANUARY 16, 2025

While foreclosure filings remain a critical metric for understanding market health, current trends may point to a more balanced landscape, potentially shaped by careful lending practices and ongoing homeowner resilience. Foreclosure Starts Dip Nationwide The nations mortgage lenders started the foreclosure process on 253,306 U.S.

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Lending Investors Housing Market Marketing 389

Housing Wire

SEPTEMBER 23, 2021

A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of loans without proper documentation. billion in 2019 to $4.3

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Retail Development Law Valuation 103

Housing Wire

APRIL 26, 2021

NYCB had essentially exited the residential mortgage banking business in 2017 after selling its origination and servicing platforms. So its acquisition of one of America’s largest single-family mortgage lenders should raise some eyebrows. Flagstar’s mortgage division will also maintain the Flagstar brand.

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Retail Landlords Lending Mortgage 397

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. By contrast, in the decade 2009 through 2019, there was an average of 660,000 single-family homes constructed each year.

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Construction Supply Chain Inventory Housing Market 476

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. In turn, this capital flow will tend to push down mortgage rates, potentially providing some relief from one of the biggest factors holding the US real estate market back from a full recovery.

Real Estate 459

Real Estate Housing Market Marketing Investors 459

Housing Wire

MAY 4, 2022

A housing bubble can generally be defined as an unsustainable period of house price growth generated by artificial demand, as was the case in the mid-2000s when demand surged because of wider access to mortgage financing. Prior to 2009, housing was overbuilt relative to demand.

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Housing Market Finance Marketing Mortgage 397

Appraisal Buzz

NOVEMBER 18, 2024

Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending. Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. million in loan volume per loan officer, according to data from Modex.

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Retail Lending Loan Officers Realtors 195

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. housing market, and we should never ease lending standards to try to facilitate demand.

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Housing Market Marketing Inventory Lending 418

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

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Real Estate Real Estate Agent Technology Investors 370

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The 10-year Challenge (2009 vs. 2019). In 2009, the average discount from listing was 10.2%.

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

NOVEMBER 29, 2022

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. However, Rocket Mortgage said it will offer the new ceiling within 24 hours.

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Finance Mortgage Design Government 284

Appraisal Buzz

MARCH 14, 2022

Appraisals for mortgage finance transactions are subject to many levels of scrutiny and review. Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. Once the AMC deems the report satisfactory, it is forwarded to their client, the lender.

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Appraisal Contracts Marketing Lending 397

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The projected lifetime claim rates for recent originations are at the highest level since 2009.

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Insurance Housing Market Mortgage Government 359

Appraisal Buzz

SEPTEMBER 25, 2024

TD Bank National Sales Director of Mortgage Lending Scott Lindner Scott Lindner serves as National Sales Director of Mortgage Lending for TD Bank , one of the 10 largest banks in the nation. In his current role, Lindner leads TD’s Mortgage Loan Officer sales force, and guides sales strategy and product development.

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Loan Officers Retail Buyers Housing Market 243

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. He is afraid of losing his home.

Mortgage 418

Mortgage Government Contracts Insurance 418

Appraisal Buzz

NOVEMBER 19, 2024

Cornerstone Home Lending President–National Retail Division Jay Crowell Cornerstone Home Lending , a division of Cornerstone Capital Bank , has announced the promotion of Jay Crowell to the newly created role of President–National Retail Division. million in loan volume per loan officer, according to data from Modex.

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Retail Loan Officers Lending Clients 221

Appraiserblogs

JULY 15, 2021

The biggest issue that threatens the appraisers… The AMC Dog and Pony Show From the HVCC to today, can we really say the mortgage lending system has improved due to AMCs? The AMC… The post Relationships… The Lost Art appeared on Appraisers Blogs.

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Valuation Law Appraisal Lending 143

Assurance Financial

JANUARY 3, 2022

Wondering how many mortgages you can realistically get on a single residential property? Whether you want to finance your first home or you already have an existing mortgage and you’re looking for ways to refinance your home, you might be wondering about the number of mortgages you can take out on one property.

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Mortgage Finance Loan Officers Law 69

Clear Capital

AUGUST 17, 2021

As lending volume spikes, there is added pressure to close loans quickly to drive the market and adopt cost-effective alternatives to traditional valuation solutions. Clear Capital’s innovative technology and suite of data-driven products aim to solve the real estate and mortgage industry’s most pressing challenges. About ValueLink.

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Valuation Modernization Technology Appraisal Process 69