Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , Dimon further suggested a “candid review” of the thousands of new rules implemented since the passage of the Dodd-Frank Act in 2010. has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday.

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Appraisal Buzz

MARCH 17, 2025

According to the Mortgage Bankers Association (MBA), theMortgage Credit Availability Index (MCAI)indicates that mortgage credit availability rose in Februarydespite economic changes and housing market uncertainty. While an increase in the index signifies loosening credit, a decrease in the MCAI suggests tightening lending rules.

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Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

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Housing Wire

APRIL 2, 2025

Top-five reverse mortgage industry lender Finance of America (FOA) announced on Wednesday that it has promoted Jonathan Scarpati to the role of chief production officer. Scarpati previously served as the company’s senior vice president of wholesale lending.

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Housing Wire

SEPTEMBER 14, 2020

Since the onset of COVID-19, the Twittersphere has been ripe with rumor and speculation that the financial requirements to qualify for a mortgage have become increasingly more rigorous since the crisis and this would put a damper on the housing market. It is true that the COVID-19 crisis did temporarily wreak havoc on the mortgage market.

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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. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

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Housing Wire

JULY 26, 2021

The roots of racial disparities in housing and mortgage markets run deep. Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods. Justice Department charges of fair-lending violations.

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Mortgage Lending Real Estate Agent Government 514

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

JUNE 12, 2024

In 2010, CoreLogic’s national data in the fourth quarter revealed that a shocking 23.1% of homes with mortgages were underwater, totaling just over 11 million homes. However, the situation has significantly improved since then, thanks to the Qualified Mortgage rule (QM) that was implemented in 2010. We only have 1.8%

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Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. RealKey was founded in 2015 by Christopher Hussain, who claims to have been the top mortgage originator in the U.S. in 2010 and 2011.

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Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. It’s acquired seven community banks across Texas since 2010, including Bank of Las Colinas , Independent Bank of Texas , Sovereign Bank , Liberty Bank and Green Bank.

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Housing Wire

JANUARY 27, 2022

Wells Fargo agreed to pay $12 million to more than 1,800 mortgage borrowers to resolve a class action lawsuit that alleged the bank’s clients had loan modifications wrongfully denied due to calculation errors in the bank’s system. A spokesperson for Wells Fargo, the largest depository residential mortgage lender in the U.S.,

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Housing Wire

MARCH 15, 2021

First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards. In the 2020 market, on the other hand, refinances were not driven just by an increase in equity but lower mortgage rates. The graph below is from an article by Len Kiefer of Freddie Mac.

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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. A decrease in the MCAI suggests tighter lending rules, whilst an increase in the index indicates looser credit.

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Housing Wire

FEBRUARY 5, 2021

Kicking off this week’s string of senior leadership hires, InterLinc Mortgage Services promoted to CEO Gene Thompson, who has served as president since 2010. Thompson started his mortgage career as an originator, working his way up to regional manager, eventually starting his own firm, Texas Capital Lending.

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Mortgage Lending Investors Realty 356

Appraisal Buzz

FEBRUARY 11, 2025

Michael Gevurtz, CEO and Founder, Bluebird Lending This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Since 2010, Michael has focused on opportunities in the revitalization of Philadelphias emerging neighborhoods. Unfortunately, I dont see this correcting itself quickly.

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Appraisal Buzz

OCTOBER 4, 2024

The Federal Housing Finance Agency (FHFA) updated the National Mortgage Database (NMDB) Aggregate Statistics series to include fresh quarterly data on the loan performance of residential mortgages until Q2 of 2024. of all mortgages that were outstanding were either in the foreclosure, bankruptcy, or deed-in-lieu stages.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

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Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. Both these laws paved the way for more responsible lending and a more responsible consumer. Today, we are at 1.25

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Housing Wire

DECEMBER 1, 2021

The company claims on its website that the total value of homes it has appraised is over $517 billion since 2010. Also, its total value of transactions closed and recorded since 2010 is over $436 billion. The acquired company will operate as a standalone division.

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Housing Wire

OCTOBER 11, 2021

A lawsuit filed by the Fair Housing Center of Central Indiana in district court claims that Old National was purposefully cutting corners in serving communities of color by barely approving Black borrowers for mortgage credit and shuttering its branches in minority neighborhoods.

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Housing Wire

MARCH 1, 2022

Prior to her seven-year stint at the Federal Home Loan Bank of Pittsburgh, from 2013 to 2014 Anderson worked as an attorney at Relman, Dane & Colfax PLLC , specializing in fair lending counseling and compliance. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

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Housing Wire

DECEMBER 28, 2022

Home Prices will fall, but don’t expect 2010. There will be two key differences between 2023 and 2010. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. The event is exclusively for HW+ members , and you can go here to register.

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Housing Market Marketing Inventory Mortgage 505

Housing Wire

JULY 18, 2022

The mortgage and real estate industries are quickly adapting to technological advances in order to keep up with consumer demands and the changing markets. Harley founded Fathom Realty in 2010, and the company has since expanded to Fathom Holdings.

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Real Estate Brokerage Technology Realty 418

Housing Wire

DECEMBER 9, 2020

The Consumer Financial Protection Bureau issued a consent order against Washington Federal Bank in October for Regulation C and Home Mortgage Disclosure Act violations. Washington Federal reported HMDA data for over 7,000 mortgage applications in each of 2016 and 2017, many of which contained data error rates reaching nearly 40%. .”

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Housing Wire

OCTOBER 29, 2021

The Consumer Financial Protection Bureau (CFPB) has appointed two veteran regulators to lead enforcement and supervision, the latest indication that Director Rohit Chopra will heavily prioritize fair lending and racial equity issues. He also had a stint as director at the Center for Responsible Lending. a legal defense nonprofit.

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Housing Wire

FEBRUARY 2, 2022

Mortgage industry participants may disagree a great deal on several different topics. However, I expect that you would find no argument with the following statement: Mortgage lending is a highly competitive business. Make no mistake: the mortgage market has become more competitive.

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Mortgage Retail Loan Officers Business 418

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? for purchase mortgage origination, and he is taking the stage at HW Annual. Weaver currently serves as an originator at CrossCountry Mortgage. Mindset is everything. Weaver is the No. 1 LO in the U.S.

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Real Estate Agent Mortgage Real Estate Training 363

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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Housing Wire

AUGUST 18, 2022

Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. Excess mortgage servicing rights would be excluded from the net worth calculation. Mortgage servicing rights are vulnerable to high-volatility market conditions, Ginnie Mae said, and MSRs also pose a valuation and liquidity risk.

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Government Mortgage Valuation Business 435

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. To understand the context, U.S.

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Mortgage Marketing Lending Finance 370

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Production falls.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. As you can see below, we haven’t had the mortgage credit boom like we saw during the housing bubble years.

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Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

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Mortgage Bracketing Loan Officers Investors 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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Housing Wire

DECEMBER 11, 2020

Ben Cohen, managing director and senior vice president of mortgage lending in Chicago, has funded $1 billion in total loan volume this year. on the Scotsman Guide’s list of Top 2019 Originators and on the National Mortgage News 2019 Top Producers list. Cohen, who funded $639 million in 2019, ranked second in the U.S.

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