Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. billion in mortgages, down from $5.3 billion in mortgages, down from $5.3 billion in the previous quarter. billion in the previous quarter.

Lending 412

Lending Mortgage Tools Development 412

Housing Wire

JANUARY 30, 2024

Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Angel Oak’s bank-statement HELOC allows qualified, self-employed borrowers to leverage their home equity while maintaining their primary mortgage.

Mortgage 464

Mortgage Investing Marketing 464

Housing Wire

DECEMBER 4, 2023

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. Founded in 2013, Floify — a subsidiary of Porch Group Inc. — The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc.

Lending 461

Lending Mortgage Real Estate Agent Design 461

Housing Wire

JULY 2, 2024

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcement. The newest release adds data through 2021 into the available dataset.

Mortgage 358

Mortgage Appraisal Process Finance Appraisal 358

Housing Wire

MAY 1, 2023

The fact is that the FHFA is applying a form of risk-based pricing to the exercise based on their expectations of long-term performance of mortgages going forward. 80% LTVs (no mortgage insurance required) and 80.01-85% 85% LTVs (with mortgage insurance) by credit score. Therein lies some of the confusion.

Mortgage 433

Mortgage Insurance Development Business 433

Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up 6% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey for October.

Mortgage 478

Mortgage Construction Inventory Buyers 478

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Atlas Merchant Capital and Florida-based lender A&D Mortgage have announced a joint venture (JV) to expand A&D’s $7 billion mortgage securitization platform. The JV closed its first residential mortgage-backed securities (RMBS) deal on Aug.

Mortgage 309

Mortgage Investing Government Investors 309

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Founded in 2013, Floify — a subsidiary of Porch Group Inc. — is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgage 430

Mortgage Loan Officers Real Estate Agent Design 430

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 FHA-insured mortgages contains details on approximately 266,000 single-family appraisals conducted from 2017 through 2022.

Appraisal 409

Appraisal Insurance Valuation Property Appraisal 409

Appraisal Buzz

NOVEMBER 4, 2024

Central, when the Five Star Institute , in partnership with Global Strategic , present “ Partnering for Performance: Mortgage Operations Outsourcing.” The Five Star Institute Webinar Series aims to broaden the horizons of the mortgage industry. He joined the Covius team in March of 2013 as SVP of Operations.

Mortgage 221

Mortgage Clients Technology Business 221

Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. United Wholesale Mortgage and Rocket Mortgage offer lender-paid temporary rate buydown options in addition to seller-funded buydowns.

Mortgage 405

Mortgage Sellers Finance Housing Market 405

Housing Wire

JUNE 13, 2023

Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. The monthly Mortgage Credit Availability Index fell by 3.1%

Mortgage 363

Mortgage Government Lending Contracts 363

Housing Wire

APRIL 10, 2024

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies. Department of Housing and Urban Development (HUD) in 2013. It also entered into a similar MOU with the U.S.

Mortgage 377

Mortgage Finance Development Government 377

Housing Wire

JUNE 22, 2024

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. For now, we just had back-to-back weeks of positive growth, with mortgage rates still around 7%.

Mortgage 437

Mortgage Inventory New Listings Contracts 437

Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association. The trade group’s monthly Mortgage Credit Availability Index picked up by 0.3% in August.

Mortgage 405

Mortgage Government Lending Marketing 405

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 386

Mortgage Insurance Government Tools 386

Housing Wire

JULY 18, 2024

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage ( HECM ) program, which would update the way debenture interest rates for HECM loans operate. But the U.S. Department of Housing and Urban Development (HUD) never fully implemented this. “To

Mortgage 378

Mortgage Insurance Design Lending 378

Housing Wire

AUGUST 8, 2023

Mortgage credit availability dropped to its lowest level since 2013 in July as receding origination volumes led to lower profitability for many lenders. The trade group’s monthly Mortgage Credit Availability Index fell by 0.3% Simultaneously, liquidity concerns persisted for some jumbo lenders. last month.

Mortgage 327

Mortgage Government Lending 327

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. Increasing lending and servicing capacity – regardless of mortgage rates. for the week ending Feb.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Housing Wire

JANUARY 26, 2024

There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained by the Bureau. the parent company of Liberty Reverse Mortgage/PHH.

Mortgage 429

Mortgage Finance Investing Business 429

Housing Wire

JULY 11, 2023

Mortgage credit availability barely increased in June as the industry continues to operate at reduced capacity. This is a consequence of persistently high mortgage rates resulting in lender consolidation as well as a decline in mortgage applications , the Mortgage Bankers Association said. last month.

Mortgage 265

Mortgage Government Lending 265

Housing Wire

FEBRUARY 14, 2023

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 Timothy Bowler, president of Intercontinental Exchange, Inc.

Technology 389

Technology Mortgage Lending Business 389

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019.

Mortgage 514

Mortgage Inventory Sellers Housing Market 514

Appraisal Buzz

JULY 2, 2024

The Federal Housing Finance Agency (FHFA) has published updated aggregate statistics from the National Mortgage Database (NMDB) and launched the NMDB Aggregate Statistics Dashboard —new data visualization tool for the NMDB Outstanding Residential Mortgage Statistics. million outstanding mortgages with unpaid balances totaling $11.7

Mortgage 221

Mortgage Housing Market Property Appraisal Design 221

Appraisal Buzz

MAY 21, 2024

Carrie Guarrero has been promoted to the role of president of Fairway Independent Mortgage Corp.’s From that point forward, she has been a key player in the mortgage and real estate industries, consistently performing exceptionally well as a top producer, except for 2013 and 2014 when she fully committed herself to coaching.

Mortgage 195

Mortgage Training Design Real Estate 195

Housing Wire

MARCH 19, 2024

Nierenberg joined the company in 2013 and has recently repositioned it from a real estate investment trust (REIT) into a leading global asset manager. Nierenberg has been the president and CEO of Rithm since November 2013 and chairman since May 2016. Morgan , Bear Stearns , and Lehman Brothers. In 2023, Rithm announced a $532.7

Loan Officers 375

Loan Officers Retail Real Estate Mortgage 375

Housing Wire

FEBRUARY 22, 2024

While other racial and ethnic demographics have seen an increase in household wealth during that same period, Latinos were the only racial or ethnic demographic to increase their wealth by more than threefold over the last decade from $19,998 in 2013. This was a substantial increase from 2013 when Latinos held just 26.7%

Real Estate 423

Real Estate Investing Mortgage Finance 423

Housing Wire

MAY 20, 2024

Between 2013 and 2022, title insurers recorded 203,181 claims for policies written during that time, and they paid out $4.4 The study examined 127,000 claims associated with policies issued between 2013 and 2022, and it delved into the most common sources of title insurer losses and claims expenses throughout the decade.

Insurance 491

Insurance Inspection Government Mortgage 491

Appraisal Buzz

AUGUST 23, 2024

The super priority lien of an association has been the source of much litigation, across multiple jurisdictions, between associations and mortgage holders. The governing documents for the association were recorded in 2013. Carrine Gould purchased the home in question through a loan and mortgage with Guaranteed Rate Inc.,

HOA 221

HOA Mortgage Government Legal Fees 221

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

APRIL 1, 2024

Mortgage rate buydowns and a limited supply of existing homes have buoyed housing demand for many months despite elevated interest rates. Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. Overall, U.S. homeowners held $31.8

Investing 456

Investing Buyers Mortgage Housing Market 456

Housing Wire

JULY 20, 2023

Perhaps more than any other financial product, mortgages offer a wide array of specific consumer protections including RESPA, TILA, TRID, LO Comp, HOEPA, servicing rules, and many others,” CHLA said in a statement regarding the document. The Right to Robust Competition in Mortgage Services Market.

Mortgage 324

Mortgage Finance Realtors Marketing 324

Housing Wire

DECEMBER 14, 2022

promoted Brian Ralston to executive vice president and chief mortgage banking officer. In his new position, Ralston will lead the mortgage banking division’s strategies and oversee origination and servicing operations of the wholesale, non-delegated and delegated correspondent channels, and warehouse lending.

Lending 407

Lending Business Mortgage Finance 407

Housing Wire

FEBRUARY 26, 2021

HousingWire Lead Analyst Logan Mohtashami joins the HousingWire Daily podcast to talk about why low mortgage rates need to end. During the interview, HW+ Managing Editor Brena Nath interviews Mohtashami on his most recent article , “We need higher mortgage rates to cool the housing market.”. Already a member?

Mortgage 370

Mortgage Housing Market Marketing 370

Housing Wire

SEPTEMBER 10, 2020

She’s also a known quantity in the mortgage space. In 2013, Fraser was tapped to head CitiMortgage in St. The day I started at CitiMortgage was the day the market started responding to the Fed, and inevitably was the end of the refi boom,” Fraser, who became CEO in May 2013, said in an interview with the Post-Dispatch.

Mortgage 321

Mortgage Retail Lending Business 321

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 384

Insurance Mortgage Development Valuation 384

Housing Wire

APRIL 16, 2021

Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows. in 2021, 3.6% in 2022 and 4.1% in 2021, 4.5% in 2021, 4.5%

Mortgage 390

Mortgage Marketing Housing Market 390