Housing Wire

DECEMBER 9, 2020

The bank will pay a $200,000 fine for reporting inaccurate HMDA data in 2016 and 2017 — with error rates up to 40% in some cases, according to the CFPB. The settlement also orders Washington Federal to “develop and implement an effective compliance-management system to prevent future violations,” per the CFPB.

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Training Lending Development Mortgage 358

Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. Fay Servicing “failed to implement the 2017 measures and continued to break the law,” the CFPB claims. At that time, the CFPB ordered the company to stop its illegal practices and to pay $1.15

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Law Contracts Insurance Mortgage 354

Housing Wire

FEBRUARY 6, 2024

FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina.

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Advertising Lending Loan Officers Law 392

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.

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Appraisal Insurance Valuation Property Appraisal 409

Housing Wire

FEBRUARY 13, 2024

hired two executives as it looks to take the company to its next phase of development. In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry. Mortgage tech firm TRAiNED Inc.

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Training Mortgage Design Insurance 423

Housing Wire

NOVEMBER 29, 2022

The events will feature speakers focused on professional development for loan originators to grow their business and what is likely to happen in the next Congress that could impact the mortgage industry in 2023, according to a statement from NAMB. Louis, Missouri. said in a release. “We

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Project Management Tools Development Lending 356

Housing Wire

OCTOBER 30, 2024

Founded by Karl Jacob and Allan Carroll in 2017, LoanSnap raised $100 million in seed funding from investors such as Richard Branson’s Virgin Group ; former NFL star Joe Montana’s Liquid 2 Ventures ; and LinkedIn co-founder Reid Hoffman.

Landlords 396

Landlords Loan Officers Lending Contracts 396

Housing Wire

JANUARY 14, 2025

The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. ” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role. Before Compass, Sheridan also operated her own PR firm, epgPR , from 2008 to 2017.

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Brokerage Luxury Properties Development Realty 291

Housing Wire

JULY 1, 2024

ERA Prime, which was founded in 2017 by Willie Ray III, currently has offices in Farmington and Grand Blanc, Michigan. Over the last 15 years, we have developed close relationships with the communities that we serve,” Higgins said in a statement. “We The financial terms of the deal were not disclosed.

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Real Estate Realty Brokerage Development 332

Housing Wire

AUGUST 2, 2024

In the message reviewed by HousingWire, DeJoseph wrote that by becoming part of a larger organization, Garden State gains access to a “national lending platform, greater resources, enhanced career development opportunities, and the ability to offer more comprehensive services to our clients, well beyond residential mortgage lending.”

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Loan Officers Lending Clients Development 379

Housing Wire

OCTOBER 26, 2020

ServiceMac was founded in 2017 as an independent subservicer, offering lenders, investors and other mortgage servicers personalized solutions that span the mortgage life cycle, enhancing security, customer satisfaction, retention capabilities and profitability, the company said.

Technology 426

Technology Insurance Real Estate Investors 426

Housing Wire

SEPTEMBER 11, 2020

In 2019, Tyrrell became chief operating officer and was awarded membership within the Forbes Business Development Council the same year. In 2005, Tyrrell temporarily left the company to work as an independent executive consultant, ultimately returning to Ellie Mae in 2010 as a senior vice president.

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Mortgage Development Business 463

Housing Wire

JULY 18, 2024

The draft Mortgagee Letter (ML) “proposes updates to HUD’s calculations for the payment of debenture interest for HECM claims and establishes a process for retroactively adjusting the calculation of debenture interest for claims filed on HECMs that became due and payable on or after September 19, 2017,” FHA said in an announcement of the proposal.

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Mortgage Design Insurance Lending 340

Housing Wire

JANUARY 17, 2025

Diamond was criminally indicted in 2017 and pleaded guilty last year to a federal charge of wire fraud affecting a financial institution, the DOJ said. District Court for the Northern District of Illinois. He was sentenced to 205 months in prison by district court Judge Franklin Valderrama, who also ordered Diamond to pay $2.7

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Mortgage Law Development Agents 310

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Business 399

Business Investors Finance Home Improvement 399

Appraisal Buzz

NOVEMBER 14, 2024

Report Highlights: National Housing Survey 2024 Due to sharp rises in property prices and mortgage interest rates, a much larger percentage of consumers now feel it is difficult to locate affordable housing than when we originally posed the topic in 2017.

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Construction Development Local Properties Government 359

Housing Wire

DECEMBER 5, 2022

In the post, Covey noted the his region’s growth from $125M in 2017, a year before he joined, to more than $2.45 At Revolution Mortgage, Covey will serve as executive vice president of strategy and development. He also provided training to loan originators. billion in 2021. “…we

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Training Retail Mortgage Development 404

Housing Wire

SEPTEMBER 23, 2020

In her current role, Scott develops strategy and infrastructure that fosters a culture of equity and inclusion – leveraging the diverse perspectives of Rock Venture’s team. She also seeks to build positive connections between the Rock family of companies and its local communities by helping to attract, engage, and develop top talent.

Business 419

Business Development Mortgage Marketing 419

Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. He then turned his attention to data, highlighting that in 2017 there were nearly 100,000 HECM counseling sessions.

Mortgage 362

Mortgage Modernization Real Estate Finance 362

Housing Wire

JANUARY 13, 2023

“Rico is a collaborative team player, he is widely respected, and he has proven successful at developing meaningful relationships – both internally and with external partners.”. He joined the company as the quality control manager in July 2017.

Mortgage 380

Mortgage Lending Training Development 380

Housing Wire

MAY 12, 2021

Since then, we developed proprietary technology to improve every piece of the process but we officially revolutionized the mortgage industry when we launched Rocket Mortgage in 2015,” said Jay Farner, Rocket Mortgage CEO. It became the country’s largest mortgage lender in 2017. as “Rocket Mortgage by Quicken Loans.”

Lending 385

Lending Mortgage Real Estate Technology 385

Housing Wire

OCTOBER 22, 2024

Rawls is the latest addition to a leadership team of seven executives at the developing company. Guaranteed Rate Affinity was formed in 2017 through a partnership between Rate , formerly branded as Guaranteed Rate , and Anywhere Real Estate , formerly known as Realogy.

Lending 331

Lending Mortgage Loan Officers Real Estate 331

Housing Wire

AUGUST 30, 2024

My passion for fostering both professional and personal development within teams has always been at the core of my work, and I’m excited to continue this mission at ARC Realty. In 2017 she became a managing partner at the firm and was eventually named ERA King’s chief operating officer in 2022.

Realty 346

Realty Real Estate Training Agents 346

Housing Wire

NOVEMBER 2, 2022

As a part of NAMB’s 50th anniversary, the organization also entered into a partnership with Freddie Mac for a professional development program focusing on young leaders in the mortgage industry over the next year.

Tools 380

Tools Mortgage Lending Technology 380

Housing Wire

SEPTEMBER 2, 2021

Offerpad actually partnered with Zillow when, under Rascoff’s leadership, it piloted its Instant Offers program in Las Vegas and Orlando in 2017. Today, under CEO Rich Barton, Zillow’s revenue and expenses come predominantly from iBuying. Since leaving Zillow, Rascoff has formed three blank check companies. Offerpad turned a $9.2

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Valuation Law Business Technology 441

Housing Wire

AUGUST 23, 2024

Rob Keefe commented on these developments, stating, “The data from July clearly show a market in transition. For instance, our June 2024 release highlighted the ongoing increase of active agents and the stabilization of agent movement at pre-2017 levels. The July AMI, however, records a trailing 12 month score of 98.9,

Agents 354

Agents Marketing Real Estate Agent Brokerage 354

Housing Wire

OCTOBER 6, 2023

In 2017, the very first 3D-printed home was built in Yaroslavl, Russia. The developer] is listing the homes for roughly $470,000 to $579,000; the average cost of a home in Georgetown sits at $459,932,” according to the Tribune story. Still, 3D-printed homes are a novel concept.

Inventory 436

Inventory Construction Technology Realty 436

Housing Wire

JULY 5, 2022

Over the last 12 months, Riverbend [founded in 2017] has originated over $1.0 It also serves professional developers of multifamily properties. billion of loans across 33 states, with additional key markets targeted for future expansion,” states the April announcement detailing the acquisition deal then still in motion.

Finance 382

Finance Renovations Real Estate Investors 382

Housing Wire

DECEMBER 7, 2020

” Bray further said Mr. Cooper has worked on developing a culture of “customer advocacy,” which he said had driven customer complaints to record low. Mr. Cooper services over 3 million mortgages in the U.S., with a total of over $500 billion in unpaid balance.

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Law Insurance Mortgage Investing 537

Housing Wire

FEBRUARY 1, 2024

Department of Housing and Urban Development (HUD) set the HECM limit at $625,500, an increase from $417,000. HUD extended that HECM limit through 2017, at which point it was modestly increased to $636,150. In 2009, the U.S.

Mortgage 359

Mortgage Business Development Design 359

Housing Wire

SEPTEMBER 14, 2023

Industry veteran Dan Hanson joined loanDepot in 2011 and, in January 2017, became the company’s chief retail production officer, a job position he held for six years. According to the company, Hanson will be responsible for “developing new revenue-generating opportunities, including national referral relationships and acquisitions.”

Human Resources 379

Human Resources Retail Investing Development 379

Housing Wire

JUNE 6, 2024

The ADU Plans Gallery is the newest offering from CPC through ADUAccelerator.org , which offers services for local governments in the ADU development process. Permit applications for new units in California grew from less than 10,000 in 2017 to an estimated 30,000 in 2022.

Tools 399

Tools Law Government Construction 399

Housing Wire

AUGUST 28, 2024

million in a settlement agreement stemming from a 2017 case brought by the U.S. Department of Housing and Urban Development (HUD) by falsely certifying that the money was being spent in compliance with federal accessibility laws.” The City of Los Angeles will pay $38.2 Department of Justice (DOJ) on behalf of a disabled resident.

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Law Development Legal Housing Market 357

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 403

Lending Loan Officers Advertising Development 403

Housing Wire

JANUARY 5, 2021

Just a few of Fannie Mae’s goals laid out in its Duty to Serve plan include: Increase the purchase volume of conventional manufactured housing secured by real estate each year (in the Do What We Do Best phase for manufactured housing) Develop an enhanced manufactured housing loan product for quality manufactured housing and purchase loans (in the Partner (..)

Finance 411

Finance Development Investing Mortgage 411

Housing Wire

OCTOBER 10, 2024

Founded by Karl Jacob and Allan Carroll in 2017, LoanSnap raised $100 million in seed funding from investors such as Richard Branson’s Virgin Group ; former NFL star Joe Montana’s Liquid 2 Ventures ; and LinkedIn co-founder Reid Hoffman.

Mortgage 366

Mortgage Landlords Loan Officers Legal 366

Housing Wire

AUGUST 5, 2020

NAMB also developed a code of ethics, which was introduced to other states. The association broke down barriers with Freddie Mac, Fannie Mae and the Department of Housing and Urban Development and began testifying before Congress. They decided it was better to be part of the solution than to have one imposed on them.

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Development Government Lending Mortgage 368