Housing Wire

FEBRUARY 28, 2023

Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. Prosperity has been looking to add a direct-to-consumer business line for some time,” Justin Messer , president and CEO of Prosperity, said in a statement. “By

Lending 396

Lending Loan Officers Government Realtors 396

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. Mike Cagney, SoFi. billion across these deals.

Lending 343

Lending Technology Finance Insurance 343

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. In 2023, the bank originated about $2.3

Advertising 435

Advertising Lending Loan Officers Law 435

Housing Wire

SEPTEMBER 4, 2024

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. 19, 2017, which went into effect later that year. 19, 2017,” FHA said in its announcement. 19, 2017,” FHA said in its announcement. The ML goes into effect on Sept.

Mortgage 459

Mortgage Legal Development Insurance 459

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.”

Loan Officers 465

Loan Officers Lending Clients Development 465

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.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

FEBRUARY 8, 2021

The momentum for non-bank lending is here to stay. Strategies lenders should adopt from direct to consumer lending. Join expert panelists to learn how the pandemic is ushering in a new era of digital lending and leading to the formation of a hybrid lending model. We are the Lyft to their Uber,” Hsieh said. billion to $2.6

Valuation 482

Valuation Retail Lending Real Estate Agent 482

Housing Wire

JUNE 24, 2021

HousingWire recently spoke with William Tessar, president of Civic Financial Services , about the private lending space and how LOs can benefit from serving real estate investors. . HousingWire: What is the current outlook for the private lending space as the market shifts from a refi boom to a flooded purchase market?

Real Estate 466

Real Estate Investors Lending Loan Officers 466

Housing Wire

DECEMBER 11, 2024

Glenn Stearns Kind Lending and Planet Home Lending. Lindblom also spent five years at Stearns Wholesale between 2012 and 2017 as the managing director of national fulfillment and operations. Since February, Lindblom has been self-employed as a Strategy Operations Consultant for her company, Streamlined Operations Solutions, LLC.

Mortgage 368

Mortgage Lending 368

Housing Wire

AUGUST 20, 2021

had to have generated revenue by March 31, 2017, making at least $100,00 that year. Not surprisingly, the top mortgage lenders on the list were all tech-focused companies, leveraging in house and third-party solutions to simplify lending transactions. Magazine’s list of the 5,000 fastest growing companies in America for 2021.

Mortgage 418

Mortgage Lending Real Estate Business 418

Housing Wire

OCTOBER 11, 2024

million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. Department of Justice (DOJ) announced on Thursday a $6.5 This is the DOJ’s first redlining settlement involving a credit union.

Lending 434

Lending Modernization Law Investing 434

Housing Wire

FEBRUARY 21, 2024

Nelson previously served as Guaranteed Rate’s senior vice president and divisional manager for the Southeast and Mid-Atlantic regions from August 2017 to May 2022. Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 435

Retail Tools Lending Clients 435

Housing Wire

NOVEMBER 20, 2023

Lowman has been with the lender for more than 21 years starting from managing a founding branch to being promoted as president in 2004, CEO in 2017 and vice chairman earlier in 2023. “I I look forward to driving APM forward in the new year and turning the challenges into opportunities in 2024 and beyond,” Lowman said.

Retail 447

Retail Mortgage Lending Renovations 447

Housing Wire

JANUARY 13, 2023

Garcia’s professional career spans more than two decades in the mortgage lending industry, with more than five years at Waterstone Mortgage. He joined the company as the quality control manager in July 2017. Waterstone Mortgage focuses on purchase loans, and currently lends in 48 states.

Mortgage 418

Mortgage Lending Training Development 418

Housing Wire

MARCH 28, 2024

NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. The brokerage’s biggest lending partner is United Wholesale Mortgage , the nation’s largest mortgage lender. Affiliated companies include AXEN Mortgage , a non-delegated correspondent shop, as well as a charter flight business.

Mortgage 468

Mortgage Brokerage Loan Officers Business 468

Housing Wire

SEPTEMBER 17, 2020

The momentum for non-bank lending is here to stay. In March 2017, the company revived plans for an IPO. Since it debuted at $18 a share, Rocket’s stock has surged over 25%, and the nation’s largest mortgage lender now sports a market cap of about $47 billion. “We are the Lyft to their Uber,” Hsieh told Bloomberg.

Market Value 535

Market Value Lending Mortgage Marketing 535

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. Washington Federal reported HMDA data for over 7,000 mortgage applications in each of 2016 and 2017, many of which contained data error rates reaching nearly 40%.

Training 370

Training Lending Development Mortgage 370

Housing Wire

DECEMBER 1, 2021

As the housing market changes, so does lending fraud. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection. In early 2017, after Spirit and Citizens stopped funding his company’s mortgages, McCord sought a new warehouse lender. Presented by: First American Data & Analytics.

Mortgage 544

Mortgage Insurance Lending Government 544

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.

Mortgage 438

Mortgage Design Insurance Lending 438

Housing Wire

OCTOBER 23, 2023

Throughout her career, she held other executive roles at Guaranteed Rate , Mid America Mortgage , CMG Financial , Prime Lending , First Command Bank and Alaska USA Federal Credit Union. She was among HousingWire’s Women of Influence in 2017 and in 2020.

Lending 428

Lending Technology Mortgage Business 428

Housing Wire

AUGUST 20, 2021

Griffin Funding was the fastest housing sector grower in 2017. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. asks for verification of both the 2017 and the. The housing sector has been represented in Inc.

Real Estate 476

Real Estate Realty Brokerage Mortgage 476

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. billion valuation.

Finance 505

Finance Lending Retail Valuation 505

Housing Wire

NOVEMBER 26, 2024

“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). For several years, the reverse mortgage lending limit remained stagnant before rising in 2017 from $625,500 to $636,150. compared to third-quarter 2023.

Lending 369

Lending Insurance Development Finance 369

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.”. We are pleased with our results today.”.

Lending 418

Lending Loan Officers Advertising Development 418

Housing Wire

AUGUST 22, 2022

She was previously the COO at Glenn Stearns’ Kind Lending and Planet Home Lending. Lindblom also spent five years at Stearns Wholesale between 2012 and 2017, where she was managing director of national fulfillment and operations. Lindblom joins the non-QM-focused lender following a stint at First Guaranty Mortgage Corp.

Lending 370

Lending Investing Real Estate Mortgage 370

Housing Wire

SEPTEMBER 28, 2020

We have already seen an increase in predatory financial lending and scams as the most vulnerable in our state try to weather the economic downturn induced by the COVID-19 pandemic,” said Manuel Alvarez, DBO commissioner.

Law 510

Law Lending Business Design 510

Housing Wire

SEPTEMBER 1, 2020

On July 24, the CFPB announced consent orders against Sovereign Lending Group, Inc., 26, the CFPB settled with PHLoans , Inc., for advertisements that misrepresented the credit terms of the advertised mortgage loan by stating credit terms that the company was not actually prepared to offer to the consumers, among other deceptive practices.

Advertising 500

Advertising Mortgage Lending 500

Housing Wire

MAY 14, 2024

In 2017, he became chief appraiser for longtime reverse mortgage industry leader American Advisors Group (AAG), a position he held until the end of 2022. He then held chief appraiser positions at Prime Choice Funding and True Footage before officially joining Atlas VMS in April.

Appraisal 457

Appraisal Valuation Retail Clients 457

Housing Wire

MARCH 5, 2021

At the end of 2017, Ishbia went on record supporting a fast-growing movement that “focused on stopping the unethical practices used by ‘whole-tail lenders.’” Founded by Anothony Casa, who also founded the Association of Independent Mortgage Experts, the initiative was coined “Brokers Rallying Against Whole-tail Lending,” or BRAWL.

Mortgage 514

Mortgage Marketing Real Estate Agent Loan Officers 514

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.

Lending 397

Lending Mortgage Real Estate Technology 397

Housing Wire

MAY 20, 2021

In early 2017, after Spirit and Citizens stopped funding his company’s mortgages, McCord sought out a new lender. He set his sights on CapLOC , a North Carolina-based mortgage lending business, and tried to sell CapLOC First Mortgage Company’s lending arm for a quick buck.

Mortgage 464

Mortgage Government Lending Insurance 464

Housing Wire

SEPTEMBER 4, 2020

and on July 24 against Sovereign Lending Group, Inc., In 2017, Ginnie Mae investigated a number of mortgage lenders that were allegedly targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. August 26, the CFPB settled with PHLoans , Inc., 21 against Go Direct Lenders, Inc. ,

Advertising 477

Advertising Lending Mortgage Government 477

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 370

Real Estate Lending Technology Investing 370

Housing Wire

JULY 17, 2023

Set in motion by a small-dollar lending rule initiated by the Bureau in 2017, the payday lending industry began targeting the rule. It vacated the small-dollar lending rule in the process, though it did not address the majority of other challenges the trade groups sought to bring to court.

Lending 370

Lending 370

Housing Wire

SEPTEMBER 10, 2021

It also launched its lending division, Orchard Home Loans, in July. Its rival, Knock , shifted its focus to lending around the same time. Since its launch in 2017, Orchard has raised $255 million in total equity. Last year, the company completed a $69 million series C funding round.

Lending 435

Lending Insurance Investors Real Estate 435

Housing Wire

MAY 10, 2021

By early 2017, Elliott defaulted on his mortgage. That same year, he sued his lender for violating the Truth in Lending Act. The divorce court also ordered Golan to pay Elliott just $250 per month in spousal support for three years. Elliott went on the offensive. The rest of this content is for HW+ members. Already a member?

Real Estate Agent 435

Real Estate Agent Law Realtors Lending 435

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.

Advertising 395

Advertising Lending Modernization Investing 395