Housing Wire

MARCH 1, 2021

By late spring of 2020, the loan pipeline at Princeton Mortgage was full. It wasn’t so long ago that mortgage lenders were on top of the world. By the height of the bubble, the industry’s ranks had swelled to about 500,000 workers, according to the Mortgage Bankers Association. Now, we hire for attitude and ability.”.

Mortgage 393

Mortgage Loan Officers Retail Business 393

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

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.

Mortgage 418

Mortgage Investors Legal Loan Officers 418

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

Mortgage 370

Mortgage Loan Officers Insurance Business 370

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We Its mortgage origination volume reached $2.4 billion since the start of 2023.

Insurance 83

Insurance Loan Officers Mortgage Clients 83

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Appraisal Buzz

MAY 22, 2024

Tim Whittier has been promoted to president at First Home Mortgage. Whittier first joined First Home Mortgage in 2009. He began his mortgage banking career in 1992 directly out of the University of Maryland. I am honored to step into the role of president at First Home Mortgage,” Whittier says.

Mortgage 195

Mortgage Loan Officers Technology Clients 195

Housing Wire

DECEMBER 27, 2022

The fate of Federal Housing Administration (FHA)-backed mortgages in the ongoing downcycle housing market is being compared with a canary in the coal mine by several industry experts who track the sector and are seeing early warning signs of distress. million in mortgages valued at $1.7 FHA Commissioner Julia Gordon.

Insurance 497

Insurance Home Value Mortgage Marketing 497

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 418

Inventory Marketing Business Buyers 418

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.

Loan Officers 243

Loan Officers Retail Buyers Housing Market 243

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%.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

AUGUST 24, 2023

If a recession is avoided, then ongoing limited supply of homes for sale on the market combined with continued affordability constraints and the ongoing ‘lock-in’ effect, whereby existing owners do not want to give up their current low mortgage rates, is expected to lead to a low pace of sales,” according to the ESR group. million. “If

Construction 284

Construction Retail Mortgage Contracts 284

Appraisal Buzz

NOVEMBER 18, 2024

Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. In 2023, one of the most challenging years in the mortgage industry, Cornerstone Home Lending significantly outpaced its largest competitors by achieving an average of $26.3

Retail 195

Retail Lending Loan Officers Realtors 195

Appraisal Buzz

NOVEMBER 19, 2024

Crowell joined Cornerstone Home Lending in 2009, and most recently, served as President of the Pacific Northwest Region. In 2023, one of the most challenging years in the mortgage industry, Cornerstone Home Lending significantly outpaced its largest competitors by achieving an average of $26.3

Retail 221

Retail Loan Officers Lending Clients 221

PennyMac

AUGUST 13, 2024

Pennymac offers “streamline” refinancing options to consumers to get better mortgage terms without an extensive qualification process. The FHA Streamline is a great option for homeowners with an FHA loan that are looking to lock in one of today’s historically low interest rates. With an FHA Streamline, this requirement continues.

Insurance 52

Insurance Loan Officers Mortgage Finance 52

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.

Mortgage 69

Mortgage Finance Loan Officers Law 69

Will Springer Realtor

AUGUST 1, 2023

Short sales were a common sight in the housing recession around 2009 but they have since faded from the headlines as homeowners typically find buyers before facing financial doom. Insolvency – The lender will also want to see that the owner does not have significant liquid assets that would allow him/her to continue paying the mortgage.

Sellers 36

Sellers Real Estate Buyers Legal 36

AmeriMac

SEPTEMBER 1, 2021

However, they were not widely used until after the mortgage crisis in 2007 and 2008. In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC).

Appraisal 36

Appraisal Valuation Law Lending 36

AmeriMac

MARCH 15, 2024

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. The Appraisal Process Explained The appraisal process is a crucial step in determining the value of a property for various purposes, including mortgage lending.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

NOVEMBER 5, 2020

The National Association of Mortgage Brokers inaugurated Kimber White as its new president during the virtual NAMB National 2020 conference. White is a partner at RE Financial Service and has been an active member of the mortgage industry for more than 30 years. HousingWire: What’s the biggest challenge for mortgage brokers right now?

Mortgage 482

Mortgage Loan Officers Tools Training 482