Housing Wire

OCTOBER 15, 2020

In 2013, Thuan Nguyen was working out of his chaotic office in the heart of Silicon Valley. Nguyen, who emigrated from Vietnam to the United States and fell into the mortgage business about 14 years ago after leaving an unsatisfying career in finance, has capitalized on the historic mortgage boom like few others.

Brokerage 435

Brokerage Mortgage Technology Development 435

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 370

Mortgage Technology Lending Modernization 370

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).

Mortgage 445

Mortgage Finance Business Development 445

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. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan.

Insurance 397

Insurance Mortgage Development Valuation 397

Housing Wire

JUNE 26, 2024

Reverse mortgage products have a lot of potential utility for older American homeowners, but many consumers remain skeptical of their usefulness due to lingering reputational problems and institutional aversions, despite becoming more regulated in recent years. And so, in 2013, 2015, 2017, we saw a lot of changes.

Mortgage 397

Mortgage Insurance Government Tools 397

Housing Wire

APRIL 21, 2021

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgage 393

Mortgage Contracts Brokerage Development 393

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). The appraisal-level PUF for single-family mortgages acquired by the GSEs covers a sample of approximately 1.5

Appraisal 409

Appraisal Insurance Valuation Property Appraisal 409

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 new hirings come amid a challenging landscape for mortgage companies due to surging rates and fears of a recession in the U.S.,

Development 397

Development Retail Mortgage Finance 397

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.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. But the mortgage industry and HUD don’t see eye-to-eye on how that decision should be taken into account.

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Legal Insurance Development Mortgage 418

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

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Architecture Real Estate Agent Loan Officers Real Estate 418

Housing Wire

SEPTEMBER 20, 2023

Digital mortgage automation solution provider Floify launched verification of income (VOI) and verification of employment (VOE) waterfall technology that aims to save lenders and mortgage brokers time and reduce costs during the loan origination process. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Technology 435

Technology Real Estate Agent Loan Officers Clients 435

Housing Wire

FEBRUARY 15, 2023

The NAHB attributes the increase to the slight easing of mortgage rates , which the trade organization feels is a signal that the housings market might be turning, despite builders still dealing with high construction costs and supply chain issues. Builders are continuing to offer a variety of incentives.

Mortgage 435

Mortgage Supply Chain Housing Market Construction 435

Appraisal Buzz

NOVEMBER 18, 2024

A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia. Ironically, renting is often now more affordable than buying due to skyrocketing mortgage rates. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply.

Development 335

Development Finance Real Estate Housing Market 335

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. But will borrowers continue to want to buy amid rising prices and mortgage rates? year-over-year jump.

Construction 532

Construction Buyers Development Contracts 532

Housing Wire

MAY 13, 2024

Women like Agnes Standowicz, VP, Underwriting Leader at United Wholesale Mortgage (UWM). When Standowicz started at UWM in 2013 she was on a team of about 100 underwriters. Agnes Standowicz: I began my mortgage journey in my last year of college when I was hired at a small broker shop to help answer phone calls.

Technology 448

Technology Training Clients Tools 448

Housing Wire

JULY 30, 2024

In response to a poaching lawsuit filed two months by Home Mortgage Alliance Corp. dba Jet Advantage Mortgage, and Jet Alliance’s wrongful conduct with blatant misdirection.” The document adds that Turturro joined HMAC in late 2022, becoming a “high-ranking employee” and divisional president for Jet Mortgage.

Sellers 445

Sellers Business Contracts Mortgage 445

Housing Wire

NOVEMBER 11, 2021

Amrock , a title insurance, property valuations and settlement services provider that is part of the Rocket Companies family, announced Wednesday that longtime CEO, Brian Hughes will be retiring later this month and Nicole Beattie, the current vice president of mortgage servicing at sister company Rocket Mortgage , will take over.

Valuation 435

Valuation Technology Appraisal Clients 435

Housing Wire

SEPTEMBER 25, 2024

The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan when the president signed the Reverse Mortgage Stabilization Act of 2013 into law.

Law 435

Law Development Mortgage Business 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. Peer Street, which has a subsidiary mortgage lender and servicer, has originated only $5.4 million in its mortgage business.

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

Housing Wire

AUGUST 14, 2020

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Berg joined Planet Home Lending in September 2013. Reames started as a processor with Planet Home Lending in July 2017.

Lending 407

Lending Retail Development Realty 407

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The problem: They did not qualify for the loans.

Mortgage 418

Mortgage Marketing Finance Insurance 418

Housing Wire

MAY 9, 2022

a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021 , is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. The layoffs affect mainly mortgage consultants, specialists, and assistants, but it targets underwriting and closing professionals.

Human Resources 418

Human Resources Lending Retail Mortgage 418

Housing Wire

MAY 19, 2022

The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. We will continue to be judicious about if, when, and how we consider changes to FHA’s mortgage insurance premiums.”.

Insurance 448

Insurance Mortgage Development 448

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. “We FHFA was comfortable approving VantageScore 4.0 that use trended credit bureau data.

Legal 448

Legal Mortgage Contracts Insurance 448

Housing Wire

SEPTEMBER 16, 2022

million fixed-rate loan backed by mortgages on 1,434 single-family rental (SFR) homes. The notes issued in the institutional SFR deals are typically collateralized by a single loan, which is in turn secured by a large pool of mortgages on income-producing single-family homes. billion. “The

Landlords 397

Landlords Marketing Development Investing 397

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

OCTOBER 21, 2020

Lone Star Funds ‘ residential mortgage lender Caliber Home Loans hopes to raise up to $538 million at its highly anticipated public debut next week, according to documents filed with the Securities and Exchanges Commission on Wednesday. ” Yet just a year ago – like many mortgage lenders – Caliber posted a net loss of $59.4

Retail 417

Retail Mortgage Business Technology 417

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. increase compared to 2020, according to Inside Mortgage Finance.

Retail 397

Retail Loan Officers Best Value Business 397

Housing Wire

OCTOBER 24, 2022

The Federal Housing Finance Agency (FHFA) “as soon as possible” will eliminate upfront fees for certain borrowers and affordable mortgage products, which is part of an ongoing review of Fannie Mae and Freddie Mac ’s guarantee fee pricing framework initiated in 2021. Presented by: FormFree. 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. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

Human Resources 418

Human Resources Government Finance Mortgage 418

Housing Wire

OCTOBER 28, 2021

Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets. Broader market considerations also come into play.

Mortgage 487

Mortgage Contracts Insurance Realtors 487

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 455

Development Appraisal Property Appraisal Insurance 455

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

OCTOBER 14, 2024

On July 10, 2024, the Consumer Financial Protection Bureau (CFPB) introduced a proposed regulatory amendment aimed at intensifying the obligations of mortgage servicers to assist borrowers prior to initiating foreclosure proceedings. This piece originally appeared in the October 2024 edition of MortgagePoint magazine, online now.

Mortgage 390

Mortgage Inspection Real Estate Investors 390