Appraisal Buzz

OCTOBER 28, 2024

Department of Housing & Urban Development (HUD) have released new appraisal data from loan applications on single-family mortgages submitted to HUD’s Federal Housing Administration (FHA). million appraisals conducted from 2013 through 2022. The Federal Housing Finance Agency (FHFA) and U.S.

Appraisal 409

Appraisal Insurance Valuation Property Appraisal 409

Housing Wire

DECEMBER 4, 2023

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — is a software development company that offers a digital loan origination and POS system for the mortgage industry. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc. in an $87 million deal in 2021.

Lending 468

Lending Mortgage Real Estate Agent Design 468

Housing Wire

AUGUST 3, 2022

South Carolina-based Movement Mortgage has hired two executives away from rival Fairway Independent Mortgage to boost the growth and development of its distributed retail sales team. The nonbank lender named the 34-year veteran Sarah Middleton to the new position of chief growth officer to attract, onboard and develop sales leaders.

Development 397

Development Retail Mortgage Finance 397

Housing Wire

OCTOBER 15, 2020

In 2013, Thuan Nguyen was working out of his chaotic office in the heart of Silicon Valley. Though plenty of loan originators and brokerage executives are stuffing their pockets with cash, his approach is rare – he personally develops his own software and sells it to other brokerages. . You’d find him there from 5 a.m.

Brokerage 435

Brokerage Mortgage Technology Development 435

Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development. After a near decade high in January, new home sales for single-family houses plummeted 18.2% year-over-year jump.

Construction 532

Construction Buyers Development Contracts 532

Housing Wire

FEBRUARY 29, 2024

Bureau of Labor Statistics from 2013 to 2023. However, with supply chain issues piling up and loan rates for builders continuing to rise, developers’ confidence is going in the opposite direction. The findings are based on historic data from the U.S. Census Bureau and the U.S.

Inventory 468

Inventory Supply Chain Construction Buyers 468

Housing Wire

JANUARY 5, 2021

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013.

Architecture 418

Architecture Real Estate Agent Loan Officers Real Estate 418

Housing Wire

SEPTEMBER 20, 2023

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — is a software development company that offers a digital loan origination and point-of-sale system for the mortgage industry. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc. in an $87 million deal in 2021.

Technology 435

Technology Real Estate Agent Loan Officers Clients 435

Housing Wire

AUGUST 14, 2020

Berg joined Planet Home Lending in September 2013. For the last 16 years, the brokerage ranked as Northern Nevada’s highest-producing real estate office by agent activity. Reames started as a processor with Planet Home Lending in July 2017. The post People movers: Notarize, RE/MAX and Planet Home Lending appeared first on HousingWire.

Lending 387

Lending Retail Development Realty 387

Housing Wire

MAY 13, 2024

When Standowicz started at UWM in 2013 she was on a team of about 100 underwriters. Fast forward to 2013, I joined UWM as an FHA Senior Underwriter and quickly rose through the ranks to become an underwriting leader, guiding a group of underwriters to ensure loans are processed accurately, quickly and consistently.

Technology 448

Technology Training Clients Tools 448

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Thornton founded Real Genius in 2012 as ConsumerDirect Mortgage, and the company was acquired by FirstBank in 2013.

Mortgage 369

Mortgage Technology Lending Modernization 369

Housing Wire

JANUARY 24, 2022

Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns. After the deal, HousingWire reported that Stearns’ retail operations was folded into Guaranteed Rate.

Lending 370

Lending Retail Loan Officers Business 370

Appraisal Buzz

JULY 11, 2024

He began his career at FHLB in 2013 as an enterprise architect and worked his way up to his most recent role of VP/Director of Information Technology. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. With locations in Minneapolis/St.

Design 396

Design Government Investors Technology 396

Housing Wire

SEPTEMBER 16, 2022

Since the initial SFR securitization in 2013 through August of this year, according to a separate KBRA market-sector report, 16 sponsors have undertaken 113 SFR securitizations involving notes with a total principal balance of $69.6 The securitization, IH 2013-SFR1, was collateralized by a single $479.1 billion. “The

Landlords 397

Landlords Marketing Development Investing 397

Housing Wire

SEPTEMBER 25, 2024

Department of Housing and Urban Development (HUD) Secretary Shaun Donovan when the president signed the Reverse Mortgage Stabilization Act of 2013 into law. And I’ve had great mentors and developed great friendships. He was in the Oval Office with President Barack Obama and then- U.S.

Law 434

Law Development Mortgage Business 434

Housing Wire

NOVEMBER 17, 2022

The appraisals, compiled between 2013 and 2021, show that the home appraisal industry gives higher values to homes whose owners are white, and less if the owners are people of color. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time.

Appraisal 370

Appraisal Valuation Modernization Property Appraisal 370

Housing Wire

JULY 30, 2024

The HMAC lawsuit alleges that Turturro, restricted from using confidential company information for his benefit, directed $800,000 to a marketing agency to develop the Jet Mortgage brand. The document adds that Turturro joined HMAC in late 2022, becoming a “high-ranking employee” and divisional president for Jet Mortgage. dba In-House Lender.

Sellers 443

Sellers Business Contracts Mortgage 443

Housing Wire

NOVEMBER 11, 2021

During his time at Amrock, Hughes spearheaded the firm’s effort to develop digital mortgage closings. LaQuanda Sain, who has been with Rocket Mortgage since 2013 and is currently serving as executive vice president of mortgage retention, will take over Beattie’s role as the head of the servicing team.

Valuation 435

Valuation Technology Appraisal Clients 435

Housing Wire

JUNE 28, 2023

Founded in 2013 by Brew Johnson, Brett Crosby and Alex Perelman, Peer Street developed a marketplace connecting lenders and borrowers seeking capital to investors looking for real estate-related debt. The business attracted investor Michael Burry, one of the featured players in “The Big Short.”

Investors 459

Investors Real Estate Mortgage Investing 459

Housing Wire

AUGUST 30, 2021

The DOJ alleged that between 2013 to 2017, the bank violated the Fair Housing Act and the Equal Credit Opportunity Act “by avoiding predominantly Black and Hispanic neighborhoods [in the Houston, metro area] because of the race, color and national origin of the people living in those neighborhoods.”. Specifically, Cadence will provide $4.17

Lending 418

Lending Loan Officers Advertising Development 418

Appraisal Buzz

JUNE 27, 2024

Still , Vice Chair, Pulte Financial Services Sheri Thompson , EVP, Head of Affordable Housing, Walker & Dunlop Eileen Tu , VP, Mortgage Policy and Credit Development, Rocket Mortgage John Wiechmann , President/CEO, Midwest Housing Equity Group Inc.

Development 395

Development Finance Tenants Lending 395

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Development 451

Development Appraisal Property Appraisal Insurance 451

Housing Wire

MAY 26, 2021

After all, the FHFA reported that since 2013, the GSEs had paid approximately $15 billion in interest and premiums for their CRT coverage while receiving just $50 million in write downs or reimbursements. Simply put, we’ve not seen unexpected losses between 2013 and the first quarter of 2021. The benefits of CRT are numerous.

Insurance 393

Insurance Investors Design Finance 393

Housing Wire

JULY 18, 2024

In a final rule titled “Strengthening the Home Equity Conversion Mortgage Program,” FHA codified several significant changes to the HECM program that were previously issued by HUD under the Housing and Economic Recovery Act (HERA) of 2008 and the Reverse Mortgage Stabilization Act of 2013. But the U.S.

Mortgage 443

Mortgage Design Insurance Lending 443

Housing Wire

OCTOBER 15, 2020

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. When we began a decade ago there was much more blight.

Buyers 360

Buyers Development Renovations Retail 360

Housing Wire

JANUARY 12, 2022

Stearns had a sizable partnership business, led by Steve Stein, a more limited retail operation, and a wholesale channel that was the largest in the industry as recently as 2013, but had lost market share to UWM. Founded in 2000 and known for its robust retail operations, Guaranteed Rate has been growing in stature in recent years.

Retail 397

Retail Loan Officers Best Value Business 397

Housing Wire

MAY 9, 2022

According to a Worker Adjustment and Retraining Notification (WARN) notice submitted to the Employment Development Department (EDD) in California, the company cut 108 jobs in three rounds from February to April but intends to add 81 to the list. “A California-based Owning Corp.,

Human Resources 418

Human Resources Lending Retail Mortgage 418

Housing Wire

FEBRUARY 6, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), the New York City Department of Investigations (DOI), the U.S. The earliest alleged conduct goes back to 2013 and continued until as recently as 2023, he added. Department of Labor OIG and others, Williams said.

Contracts 448

Contracts Law Development Business 448

Housing Wire

MAY 13, 2024

The VantageScore dataset that is scheduled to be made available includes information going back to 2013, which is not far enough, the groups assert. FHFA was comfortable approving VantageScore 4.0 for use by the GSEs based on limited historical data,” the letter reads.

Legal 448

Legal Mortgage Contracts Insurance 448

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. Prior to the 2013 policy change, FHA did not collect the MIP on loans that had amortized to an LTV of 78%. This change triggered controversy.

Insurance 397

Insurance Mortgage Development Valuation 397

Housing Wire

MAY 19, 2022

A spokesperson for the Department of Housing and Urban Development (HUD) said in a statement that the administration is continuing to monitor seriously delinquent loans in its portfolio as it weighs premium pricing, and that to date, they have been “pleased.”.

Insurance 448

Insurance Mortgage Development 448

Housing Wire

OCTOBER 24, 2022

FHFA also announced a new Uniform Appraisal Dataset (UAD) Aggregate Statistics Data file, with user-friendly visualization on its website, to develop a more efficient valuation system to reduce appraisal bias. “As Appraisal bias. FHFA’s Division of Research and Statistics used 47.3

Valuation 418

Valuation Finance Appraisal Mortgage 418

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. Before that, she worked at Ballard Spahr in public finance and housing.

Human Resources 418

Human Resources Government Finance Mortgage 418

Housing Wire

OCTOBER 21, 2020

The nonbank lender, headed by former Citi mortgage executive Sanjiv Das , operates in retail, wholesale and correspondent channels, and has developed a large book of business in the purchase space. .” Caliber is expected to begin trading on the New York Stock Exchange under the ticker HOMS on Oct.

Retail 415

Retail Mortgage Business Technology 415

Housing Wire

JUNE 26, 2024

And so, in 2013, 2015, 2017, we saw a lot of changes. Department of Housing and Urban Development (HUD)-certified counselor to gain full understanding of the loan prior to closing. One was to create protections for eligible non-borrowing spouses (NBS).

Mortgage 397

Mortgage Insurance Government Tools 397

Inman

JANUARY 25, 2024

Since 2013, the team has sold more than $800 million in transactions. They were drawn to Douglas Elliman for its company culture and opportunities in new development.

Development 178

Development Brokerage Agents 178

Housing Wire

JANUARY 13, 2021

We believe the combination of Visa with Plaid would have delivered significant benefits, including greater innovation for developers, financial institutions and consumers. Since its founding in 2013, Plaid has collected $309.3 million in funding.

Investors 433

Investors Legal Valuation Finance 433