Housing Wire

DECEMBER 14, 2020

For perspective, I am starting with the condition of the 2020 housing market before the first infections. Before COVID-19, in the first two months of the year, the 2020 housing market appeared on a powerful upswing. But the 2020 U.S. The one downside of the 2020 housing market is the rapid home-price growth.

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Housing Wire

SEPTEMBER 22, 2020

With that in mind, I would like to revisit my 2020 thoughts on the U.S. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The big question for the rest of 2020 is whether or not we will get total home sales of 6.2 The February housing data, pre-COVID, was juicy indeed.

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Housing Wire

OCTOBER 12, 2022

The financing arrangement was struck on June 3, 2020 with the maximum aggregate borrowing authority totaling $300 million, according to Home Point’s 8-K filing disclosed on Tuesday. The financing arrangement was also dated June 3, 2020. The post Homepoint shrinks its lending capacity appeared first on HousingWire.

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Housing Wire

FEBRUARY 21, 2024

North Carolina-based mortgage lender Premier Lending Inc. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release. “By

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Housing Wire

NOVEMBER 30, 2022

A recent lawsuit filed by Banc of California is claiming that mortgage lenders and servicers Sprout Mortgage (now defunct) and Planet Home Lending owe $1.5 Sprout sold the notes to Banc of California in 2020, maintained the servicing responsibilities, but entered into an agreement to have Planet as the subservicer.

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Housing Wire

DECEMBER 11, 2024

Glenn Stearns Kind Lending and Planet Home Lending. Lindblom was named a HousingWire HW Woman of Influence in 2019 and has won the HousingWire Vanguard award twice, in 2020 and 2023. Lindblom has also held the COO post at First Guaranty Mortgage Corp.,

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Housing Wire

DECEMBER 7, 2021

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration. A special purpose credit program can take many forms.

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Housing Wire

DECEMBER 8, 2023

A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over allegedly being fired for complaining about discriminatory lending practices has settled with the company, according to reporting from Los Angeles-based radio outlet KNX News.

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Housing Wire

FEBRUARY 2, 2023

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. Prior to his role at Apex Home Loans, Anzoleaga has held roles as a certified local facilitator at Buffini & Company, a senior vice president of residential lending at Draper and Kramer Mortgage Corp.

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Housing Wire

OCTOBER 31, 2024

Product comparisons In its announcement of the new rate and additional states, FOA said that its optimistic outlook for the product is fueled by the increased activity in the home equity lending space. But Scarpati did not elaborate on which states — or how many — the company is targeting for a future expansion.

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Appraisal Buzz

AUGUST 29, 2024

Key Findings: Improvements in all main residential loan categories—particularly for home purchase—led to an increase in total lending. Purchase loans were followed by refinance packages and home equity lending. A similar trend occurred last Spring, with lending dropping off significantly later in the year. billion in Q2 of 2023.

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Housing Wire

NOVEMBER 13, 2024

Smith previously served as president and CFO of Stearns Lending , CFO of Caliber Home Loans , executive for core servicing and centralized sales for Bank of America and CFO of consumer markets for Countrywide. Meanwhile, Smith said Movement is “uniquely positioned to win big in the coming years.”

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Housing Wire

DECEMBER 18, 2024

Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. As short-term interest rates decrease, some lending opportunities, such as land purchases and apartment financing, are improving. They say housing leads the economy in and out of a recession. If mortgage rates hadn’t dropped from 7.5%

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Housing Wire

NOVEMBER 12, 2024

It was suspended in 2020 due to economic volatility caused by the COVID-19 pandemic, but it marked its return in February 2023 with a minimum-age eligibility reduction to 55. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

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Housing Wire

MARCH 3, 2025

In addition to this, he has previously served as CEO and abroad member of Broadstone Real Estate Access Fund and Broadtree Residential , and has held leadership roles in commercial real estate lending and credit analysis at BB&T.

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Housing Wire

JANUARY 30, 2025

Malloy said Sage wants to build a client experience that aligns with the company’s core value of keeping mortgage lending simple. The lender arrived on scene in 2020 and was later acquired by digital media company Red Ventures. These marketing strategies focus on the client’s experience more than anything else.

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Housing Wire

MARCH 21, 2025

Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. According to CoreLogic , non-QM loans accounted for 5% of mortgage originations in 2024, up from less than 3% in 2020. Role of AI in mortgage lending The mortgage industry is also growing increasingly reliant on artificial intelligence (AI).

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Housing Wire

MARCH 11, 2025

Tomo, which was founded in 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, has received a total of $130 million in funding to date. The companys tech-driven approach to lending is proving attractive to investors. Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes.

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Housing Wire

FEBRUARY 4, 2021

The Mortgage Bankers Association reported that the refinance index of mortgage applications hit its highest level since March 2020 last week – a whopping 59% higher year-over-year. Recent data from mortgage software firm LBA Ware revealed that total funded loan volume by LOs in Q4 2020 increased 106% from the fourth quarter of 2019.

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Housing Wire

JUNE 14, 2021

When I wrote the America Is Back economic model on April 7, 2020, the bond market was already signaling that the economy and housing would be ok. In addition to the bond market yield action, responsible lending post-2010 gave me confidence that forbearance was not going to be the negative issue that many had hoped for.

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Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. These worries are now showing signs of alleviating , though the virus is resurgent. Overall, feedback from participants – 75 domestic banks and 22 U.S.

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Housing Wire

JANUARY 3, 2022

As a result, 77% of counties included in the report have now been labeled as less affordable by ATTOM, up from 39% of counties in the fourth quarter of 2020. The data vendor also noted that in the third quarter of 2021 , 428 counties from the same data set were labeled as less affordable, up from 224 counties in the fourth quarter of 2020.

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Housing Wire

APRIL 5, 2022

Top mortgage lending software and analytics provider Black Knight is exploring a sale following takeover interest from several private equity firms, according to a report from Bloomberg. million in 2020. Black Knight said that in 2020 it recorded a $62.1 million, up 29% from the same period in 2020. Revenue reached $386.2

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Housing Wire

FEBRUARY 9, 2021

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. What happens when borrowers have more control of the lending process? FormFree is launching a blockchain-based exchange for consumers to take control of the mortgage lending process.

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Housing Wire

MARCH 15, 2021

First, the refinance boom’s main driver in the 2000s was unhealthy because of the marketplace’s speculative unhealthy lending standards. In the 2020 market, on the other hand, refinances were not driven just by an increase in equity but lower mortgage rates. The graph below is from an article by Len Kiefer of Freddie Mac.

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Housing Wire

MARCH 25, 2022

Rocket pumped out $340 billion in loans in 2021, 8.55% more than it did in 2020. more than in 2020. Freedom Mortgage was the only top ten lender to lose ground last year, originating nearly 10% less than it did in 2020, coming in at about $89 billion. trillion in 2021, a nearly 25% increase from 2020. from 24.7%.

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Housing Wire

FEBRUARY 20, 2025

Garg explained that Better utilized its marketplace lending model that includes 32 different investors across the mortgage landscape from real estate investment trusts and insurance companies to hedge funds, major correspondent lenders and the government-sponsored enterprises Fannie Mae and Freddie Mac. ” How is it so fast?

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Housing Wire

JUNE 7, 2021

make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. million until 2020-2024. We ended 2020 with just 1,380,000 starts. We first had to whittle down the excess inventory and get our financial house in order (i.e., Here is why.

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Housing Wire

SEPTEMBER 16, 2021

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2020, less than 1% did, likely because the pandemic put a damper on in-person open houses.

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Housing Wire

OCTOBER 30, 2024

That said, we see our direct lending channels, as we continue to basically get momentum through our recapture investments, to continue to improve and increase.” Regarding customers’ financial health, Nierenberg said borrowers who took out a mortgage in 2020 and 2021 are “in very good shape.”

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4

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Housing Wire

AUGUST 3, 2021

The blockchain revolution may soon be coming to mortgage lending. According to Inside Mortgage Finance, Homebridge was the 28th-largest mortgage originator in 2020, originating about $26.4 And it could take the form of a very old-school lender – Homebridge Financial Services. billion in mortgages.

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Housing Wire

JANUARY 25, 2024

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president.

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Housing Wire

MAY 20, 2022

Since Farmlink launched in 2020, more than 50 million people received meals and about 70 million pounds of food were through the project. Planet Financial Group, an integrated family of companies delivering origination, servicing, and asset management solutions, is the parent of Planet Home Lending. billion last year. .

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Housing Wire

FEBRUARY 18, 2021

However, the uptrend in the bond market since the lows of August 2020 is intact. Increasing lending and servicing capacity – regardless of mortgage rates. ” Overall, 2020 is going to be a tough year to beat even if the market does balance itself out. Recently, the 10-year yield has struggled to breach 1.20%.

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Housing Wire

FEBRUARY 17, 2022

Freddie Mac claims this would reduce the paper documentation burden on borrowers, speed loan closing and simplify the lending process. Out of about 35,000 individual workers surveyed in 2020, the American Payroll Association found that 94% received their checks via direct deposit.

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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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