Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

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Housing Wire

APRIL 25, 2022

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. The keys to lending in a post-refi boom world. NYCB had essentially exited the residential mortgage banking business in 2017 after selling its origination and servicing platforms.

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Retail Lending Mortgage Real Estate 396

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire.

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Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported.

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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

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Lending Loan Officers Government Realtors 397

Appraisal Buzz

DECEMBER 10, 2024

Despite those gains, the market still trails the November 2017-2019 average by 20%, with notable regional variation: the South and West are far closer to pre-pandemic levels than the Midwest and Northeast. Compared with the typical November from 2017 to 2019 before COVID-19, the South saw the smallest gap in inventory, down just 1.4%

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Housing Market Marketing Inventory Government 418

Housing Wire

APRIL 8, 2025

Peter Sciandra Fairway has led the way in digital mortgage closings, completing over 200,000 e-closings for our forward mortgages since 2017, said Peter Sciandra, EVP of reverse lending operations and secondary at Fairway.

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Mortgage Technology Lending Development 313

Housing Wire

APRIL 11, 2023

House of Representatives are working to try and block the new small business lending rule that was recently unveiled by the Consumer Financial Protection Bureau ( CFPB ). Former CFPB Director Richard Cordray noted in 2017 that small business lending requirements should mirror those of the mortgage industry, which drew a mixed response.

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Housing Wire

JANUARY 12, 2025

During the 10-minute conversation, Pieklo explores his new focus on developing AFR’s wholesale lending strategy, the competitive landscape of the mortgage market, and the company’s unique approach to differentiating itself from other big names in the wholesale space. This interview has been edited for length and clarity.

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Housing Wire

FEBRUARY 7, 2025

This is a very problematic piece of legislation as it relates to proprietary product lending, Irwin told RMD. What we have suggested is not unlike the state of Washington allow for the continued encumbrance of 100% of the property, even if you’re lending against a portion of that property, Irwin said of the associations comments.

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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.

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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 468

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

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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?

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Real Estate Investors Lending Loan Officers 468

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

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Advertising Lending Loan Officers Law 435

Appraisal Buzz

OCTOBER 30, 2024

Mortgage Lending Institute by the University of Texas School of Law, 25th Annual Robert C. Gibson, Jr. Sneed Texas Land Title Institute, as well as participating on panels hosted by the Five Star Institute and Legal League , among others.

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Law Legal Real Estate Clients 221

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.

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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.

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Lending Modernization Law Investing 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.

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Retail Mortgage Lending Renovations 448

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.

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Mortgage Lending Training Development 418

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.

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Market Value Lending Mortgage Marketing 535

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 445

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%.

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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.

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Mortgage Insurance Lending Government 544

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.

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Lending Technology Mortgage Business 433

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.

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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.

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Finance Lending Retail Valuation 505

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.”.

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Lending Loan Officers Advertising Development 418

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.

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Retail Tools Lending Clients 435

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.

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Mortgage Brokerage Loan Officers Business 468

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.

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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.

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Lending Investing Real Estate Mortgage 370

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.

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Advertising Mortgage Lending 501

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.

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Mortgage Government Lending Insurance 479

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.

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Appraisal Valuation Retail Clients 459

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.

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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.

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Lending Mortgage Real Estate Technology 397