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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Lending Design Finance Contracts 370

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. Full-service mortgage company Prosperity, a subsidiary of HomeServices of America , originated about $8.5 billion in June 2022 to $460 million in December 2022.

Lending 397

Lending Loan Officers Government Realtors 397

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

SEPTEMBER 4, 2024

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18 , which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage ( HECM ) program claims proposed in July. 19, 2017, which went into effect later that year. 19, 2017,” FHA said in its announcement.

Mortgage 459

Mortgage Legal Development Insurance 459

Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. As the housing market changes, so does lending fraud.

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Mortgage Insurance Lending Government 544

Housing Wire

JANUARY 13, 2023

Wisconsin-based mortgage lender Waterstone Mortgage Corp. Among other things, Rico’s dedication, expertise, and enthusiasm for new challenges have earned him this promotion,” said Stephanie Ziebell, senior vice president of general counsel at Waterstone Mortgage, in a prepared statement.

Mortgage 418

Mortgage Lending Training Development 418

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. Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture.

Mortgage 445

Mortgage Design Insurance Lending 445

Housing Wire

MARCH 5, 2021

Tension between long-time rivals United Wholesale Mortgage and Rocket Pro TPO , formerly Quicken Loans Mortgage Services , reached a new boiling point after the top wholesale lender in the nation announced it will no longer work with brokers who also work with Rocket Mortgage. “They are dialed in to their industry.

Mortgage 514

Mortgage Marketing Real Estate Agent Loan Officers 514

Housing Wire

AUGUST 20, 2021

Over 70 mortgage lenders and brokers made the cut on Inc. 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. Real Estate.

Mortgage 418

Mortgage Lending Real Estate Business 418

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. FoA) months after it shut down its forward mortgage segment. billion during the same period in 2022, according to Inside Mortgage Finance (IMF).

Retail 448

Retail Mortgage Lending Renovations 448

Housing Wire

MAY 20, 2021

The founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also the president of the Mortgage Bankers Association in the late 1990s, pleaded guilty to five counts of bank fraud, money laundering and false statements to a financial institution. His company serviced about 12,000 loans worth $1.8

Mortgage 480

Mortgage Government Lending Insurance 480

Housing Wire

SEPTEMBER 1, 2020

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. The most recent cases were those against Service 1st Mortgage, Inc. ,

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Advertising Mortgage Lending 501

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Mortgage 418

Mortgage Landlords Loan Officers Legal 418

Housing Wire

OCTOBER 3, 2023

New r ez has launched Onward Home Mortgage , a joint venture mortgage company in partnership with Keller Williams Georgia Legacy Group (GLCG). Through the partnership with agents at Keller Williams GLG, mortgage professionals at Onward Home Mortgage and Newrez will target borrowers in the Southeast United States.

Real Estate Agent 448

Real Estate Agent Mortgage Realty Loan Officers 448

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 company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month.

Landlords 448

Landlords Loan Officers Lending Contracts 448

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

Housing Wire

DECEMBER 11, 2024

Sierra Pacific Mortgage has hired Suzy Lindblom as its new Chief Operating Officer, the company announced in a LinkedIn post. With more than 40 years of experience in the mortgage industry, Lindblom was most recently chief operating officer (COO) at lender and servicer Arc Home , serving in that role from August 2022 to February 2024.

Mortgage 370

Mortgage Lending 370

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. The company ceased operations in July 2017 after years of declining volumes. The team co-founded several businesses, such as the fintech Enova, real estate investment trusts (REIT) Pangea Properties and New Lake , and the online lending company Avant.

Mortgage 428

Mortgage Investors Investing Loan Officers 428

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. RealKey was founded in 2015 by Christopher Hussain, who claims to have been the top mortgage originator in the U.S. in 2010 and 2011.

Mortgage 406

Mortgage Lending Technology Investors 406

Housing Wire

JULY 29, 2022

As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. With mortgage origination volume expected to drop by about 40% to $2.4 Direct to consumer lending can lower variable costs significantly.

Mortgage 397

Mortgage Loan Officers Lending Real Estate Agent 397

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

MARCH 30, 2021

Guild Mortgage now has offices in the Buckeye State. The publicly traded mortgage lender announced Tuesday that retail branches are now open in Dayton and Columbus, Ohio. It opened three new branches in North Dakota in 2017; acquired St. It opened three new branches in North Dakota in 2017; acquired St.

Mortgage 418

Mortgage Retail Valuation Lending 418

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 397

Technology Mortgage Lending Business 397

Housing Wire

AUGUST 16, 2022

Nearly 70 mortgage lenders and brokers made it on the list of Inc. All the top five mortgage lenders debuted on the Inc. theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. All the top five mortgage lenders debuted on the Inc. Zap Mortgage (no.335),

Mortgage 370

Mortgage Lending Investors Brokerage 370

Housing Wire

FEBRUARY 8, 2021

The multi-channel mortgage lender hopes to raise $300 million by pricing its shares between $19 and $21. The momentum for non-bank lending is here to stay. Strategies lenders should adopt from direct to consumer lending. In 2017, the company revived plans for an IPO but didn’t take the plunge. The company generated $1.47

Valuation 482

Valuation Retail Lending Real Estate Agent 482

Housing Wire

APRIL 28, 2022

Homebuyers can secure a home mortgage using cryptocurrency as collateral through a new partnership between blockchain real estate platform Propy and crypto wallet service Abra. Abra Borrow users can seek “ Propy-certified” real estate agents to help them buy or sell property, including making down payments on mortgages. .

Mortgage 397

Mortgage Real Estate Real Estate Agent Investing 397

Housing Wire

SEPTEMBER 17, 2020

LoanDepot is poised to go public later this year, becoming “Lyft to Rocket Mortgage’s Uber,” according to a new report. The California-based mortgage lender headed by Anthony Hsieh could be worth between $12 billion and $14 billion in an IPO, according to Bloomberg ‘s sources. billion to $2.6

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Market Value Lending Mortgage Marketing 535

Housing Wire

APRIL 27, 2022

parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Mortgage revenue decreased $36 million in the same period, to $74 million from January to March. Michigan-based Flagstar Bancorp , Inc.

Mortgage 418

Mortgage Retail Lending Business 418

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.

Mortgage 432

Mortgage Lending Business Development 432

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 in securitized mortgages as of Oct. billion valuation.

Finance 505

Finance Lending Retail Valuation 505

Housing Wire

SEPTEMBER 10, 2020

She’s also a known quantity in the mortgage space. With the drop-off in refinancing business, CitiMortgage spent much of Fraser’s tenure pivoting to purchase lending and cutting jobs and closing offices to reduce losses. The bank retreated from other corners of the mortgage space. Citi quietly returns.

Mortgage 420

Mortgage Retail Lending Business 420

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. 4 retail mortgage lender in the U.S.,

Retail 435

Retail Tools Lending Clients 435

Housing Wire

AUGUST 20, 2021

In 2016, Brad Sullivan’s Mortgage Financial Services ruled the roost in housing with a rank of 733. Griffin Funding was the fastest housing sector grower in 2017. And Nationwide Mortgage Bankers posted an insane average three-year growth rate of 16,396% in 2020. 2020 total volume for refinances and purchase mortgages totaled $3.83

Real Estate 476

Real Estate Realty Brokerage Mortgage 476

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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Marketing Mortgage Retail Lending 304

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. As a result, peer lenders originated three times as many mortgages in areas where these groups were predominant.

Lending 435

Lending Modernization Law Investing 435

Housing Wire

OCTOBER 23, 2023

Click n’ Close , a mortgage lender mostly active in the wholesale and correspondent channels, appointed Kara Lamphere to the role of chief operating officer (COO). Prior to joining Click n’ Close, Lamphere was COO at InterLinc Mortgage. She was among HousingWire’s Women of Influence in 2017 and in 2020.

Lending 433

Lending Technology Mortgage Business 433

Housing Wire

DECEMBER 9, 2020

The Consumer Financial Protection Bureau issued a consent order against Washington Federal Bank in October for Regulation C and Home Mortgage Disclosure Act violations. 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.

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Training Lending Development Mortgage 370