Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

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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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Housing Wire

NOVEMBER 26, 2024

Steve Irwin, president of the National Reverse Mortgage Lenders Association (NRMLA), lauded the development. “I am delighted to see the HECM lending limit increase for calendar year 2025,” Irwin said in a statement to HousingWire ‘s Reverse Mortgage Daily (RMD). This is a developing story.

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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.”. Garcia’s professional career spans more than two decades in the mortgage lending industry, with more than five years at Waterstone Mortgage.

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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

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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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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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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.

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Housing Wire

MAY 12, 2021

Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. “More than 20 years ago, Dan Gilbert, our founder and chairman, had a vision of putting the entire mortgage process online to simplify the lending experience and add more transparency.

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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. NAMB and Freddie Mac will host events across the U.S. the newly appointed board president of NAMB.

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Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. The complaint, filed in federal court in the U.S. Park National Bank didn’t respond to requests for comment.

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Housing Wire

OCTOBER 10, 2024

The regulator also charged the company with violations of the Truth in Lending Act and Fair Credit Reporting Act. The firm, which offers “ smart loans ” through artificial intelligence technology, developed a cloud-based portal, LoanFlow , that allows mortgage brokers and loan officers to originate loans anytime, anywhere.

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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

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Housing Wire

JULY 5, 2022

The acquisition of Portland, Oregon-based Riverbend and its subsidiaries, announced originally in late April, is expected to fit in well with Redwood’s existing business-purpose lending platform, CoreVest. Over the last 12 months, Riverbend [founded in 2017] has originated over $1.0 The company employs more than 50 people.

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Housing Wire

AUGUST 21, 2020

Before he joined Home Point Financial, Hilzendeger was at Wells Fargo for 30 years, most recently with Wells Fargo Home Lending , where he led as head of Retail Operations, head of Servicing Operations, senior vice president of Default Services, and senior vice president of Real Estate Servicing. office’s Talent Development operations.

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Housing Wire

JANUARY 18, 2022

About five years ago, Linthicum, Maryland-based NFM Lending was looking for a way to shift from sporadic donations to service members to a dedicated effort that regularly recognized their sacrifice. According to Sher, the families are not the only ones impacted by the salutes but so is the NFM Lending staff. Espinoza was one of 13 U.S.

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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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Housing Wire

AUGUST 21, 2023

126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose. Source: Inc.

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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. Before that, she worked at Ballard Spahr in public finance and housing. It will not be her first time at Fannie Mae.

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Housing Wire

MAY 2, 2022

Presented by: Acra Lending. The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017. In October 2021, a $175 million investment from principals at the private holding company StoicLane was used to grow operations and refine and develop new technologies.

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Housing Wire

OCTOBER 27, 2022

Dave Parker understands the business side of mortgage lending and has brought to market new solutions that cut to the core of what the mortgage industry needs,” Neville said in a statement. Neville joined the company’s board of directors in 2017 as a mortgage industry veteran and was appointed president and COO in 2018.

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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.”

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Housing Wire

MAY 5, 2022

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

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Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020.

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Housing Wire

MAY 3, 2022

The new unit focuses on developing mortgage-adjacent lending products and services. Mello’s unit, which shares the name of the software platform loanDepot launched in 2017, operates side-by-side with the company’s mortgage origination and servicing division.

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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. But in May 2024, he resigned from HMAC “without prior notice,” the complaint stated. dba In-House Lender.

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Housing Wire

AUGUST 14, 2020

But the pace of Fannie Mae and Freddie Mac ’s eventual exit from conservatorship is accelerating, with the development of the capital rule and retention of financial advisors. In 2017, six national associations representing small lenders including CHLA, testified before the Senate Banking Committee. Yet, developments are accelerating.

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Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We The lender began servicing some investor loans in 2008, adding non-QM loans in 2015 and expanding to Fannie Mae loan servicing in 2017. It added Freddie Mac loans in 2019 and jumbo loans for JPMorgan Chase the following year.

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Housing Wire

NOVEMBER 12, 2021

We attribute OSE’s lack of formal, updated QMP guidance to staffing constraints on the QMP team due to turnover and the Bureau’s hiring freeze from 2017 through 2019,” the report said. The initiative, dubbed the Supervision Technology Initiative, will focus on developing data automation, robotic processing, and machine learning.

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Housing Wire

APRIL 5, 2023

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026.

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Housing Wire

DECEMBER 16, 2021

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. A $175 million investment from private holding company StoicLane in October would be used to grow operations and refine and develop new technologies. 375% below the market.”

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Mortgage Loan Officers Retail Training 370

Housing Wire

JULY 29, 2021

They found that: “of the 19 nonbanks and depositories that funded their originations using both warehouse lines and SIVs in the precrisis period, only two, Nationstar Mortgage and Suntrust , survived until 2017.” Many of these firms experienced bankruptcies and closures similar to that of New Century.”.

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Sellers Mortgage Business Lending 448

Housing Wire

SEPTEMBER 15, 2021

billion of issuance in 2017 according to publicly available Ginnie Mae data and private sources compiled by New View Advisors. That’s not to say that the industry should toss aside any vigilance and rely solely on a single metric to develop a perspective on overall industry health, however. All told, 2020 saw $10.6

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Housing Wire

MARCH 23, 2022

Census Bureau and the Department of Housing and Urban Development. Could you imagine this housing market if we eased lending standards? I would be protesting in front of Congress and speaking at congressional hearings if lending standards were reduced. At the end of 2017, existing home sales went from 5.72 percent (±11.9

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Appraisal Buzz

JUNE 14, 2024

Herbert serves as Managing Director of the Joint Center for Housing Studies of Harvard University, and has experience conducting research related to housing policy and urban development, both in the U.S. In her role as CEO, Priya leads NHT’s engagement in public policy, lending, and energy sustainability. and abroad.

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Housing Wire

MAY 24, 2022

Think about your lending business model. 2015 2016 2017 2018 2019 2020 2021 Personnel 4,699 4,802 5,347 5,524 5,094 5,272 5,866 Total Cost to Produce 7,046 7,208 8,083 8,278 7,578 7,535 8,565 Compensation % 67% 67% 66% 67% 67% 70% 68%. We are not auditors or coders dispensing products or advice about lending.

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Housing Wire

JULY 20, 2023

In 2017, the Basel Committee issued a second set of revisions to Basel III, called the Basel Endgame, to address the calculation of risk-weighted assets and limit banks’ internal models to estimate risk. . Mills particularly worries about the impacts on the MSR market and warehouse lending. To understand the context, U.S.

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