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

Lending 435

Lending Government Mortgage Finance 435

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. I have really enjoyed getting to know Next Door Lending’s principals, Doug [Liska] and Jonathon, through this process,” Chen said. He is a relative newcomer, joining the broker channel in 2020.

Lending 491

Lending Mortgage Brokerage Loan Officers 491

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.

Lending 418

Lending Contracts Finance Mortgage 418

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.

Lending 418

Lending Mortgage Design Business 418

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.

Lending 468

Lending Law Design Government 468

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.

Lending 433

Lending Contracts Mortgage 433

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.

Lending 397

Lending Real Estate Agent Agents Business 397

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.

Lending 341

Lending Mortgage Buyers Housing Market 341

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.

Mortgage 542

Mortgage Lending Training Inventory 542

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.

Lending 521

Lending Marketing Housing Market 521

Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S million civil penalty. Garland added.

Advertising 468

Advertising Lending Loan Officers Retail 468

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.

Mortgage 493

Mortgage Lending Government Loan Officers 493

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.

Property Taxes 535

Property Taxes Lending Housing Market Insurance 535

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

Lending 435

Lending Technology Mortgage Investing 435

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.

Mortgage 542

Mortgage Lending Government Contracts 542

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.

Retail 448

Retail Lending Loan Officers Brokerage 448

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.

Lending 543

Lending Housing Market Mortgage Marketing 543

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%.

Mortgage 459

Mortgage Lending Home Improvement Investing 459

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.

Housing Market 545

Housing Market Marketing Inventory Construction 545

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

Mortgage 526

Mortgage Marketing Retail Lending 526

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.

Mortgage 516

Mortgage Architecture Lending Technology 516

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. .

Lending 435

Lending Finance Mortgage 435

Housing Wire

FEBRUARY 13, 2024

as senior vice president of strategic business operations at Stearns Lending , and as vice president of correspondent operations at Nationstar Mortgage. Gonzalez was named as a 2020 HW Vanguard award winner when she was at First Guaranty Mortgage. Her previous career stops include roles as COO at First Guaranty Mortgage Corp.,

Finance 475

Finance Retail Lending Mortgage 475

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%.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

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.

Lending 541

Lending Mortgage Clients Business 541

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 431

Lending Technology Mortgage Business 431

Housing Wire

JANUARY 19, 2024

The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans. Tennessee-based community bank Patriot Bank agreed to pay $1.9

Loan Officers 481

Loan Officers Lending Advertising Home Improvement 481

Housing Wire

OCTOBER 25, 2021

“Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. The key to implementing non-QM products.

Law 468

Law Lending Insurance Mortgage 468

Housing Wire

OCTOBER 30, 2023

Prior to joining Cenlar in July 2023, Schneider held other executive leadership positions at mortgage companies such as Ditech, Vericrest, Washington Mutual Home Loans, CitiMortgage and Blackstone-backed Stearns Lending. He then was promoted to senior vice president in February 2020.

Project Management 468

Project Management Lending Finance Clients 468

Housing Wire

JUNE 18, 2021

That number is down from 4.8%, or one in every 21 home sales in the nation during the fourth quarter of 2020. It’s also down from 7.5%, or one in 13 sales, in the first quarter of 2020. in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. Presented by: Acra Lending. Of the 32,526 U.S.

Investors 501

Investors Investing Inventory Lending 501

Housing Wire

JANUARY 28, 2021

It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1. in the first nine months of 2020, down from 3.2x Earlier this month, Home Point Capital announced that it had brought on Fannie Mae ‘s former head of single family lending, Andrew Bon Salle , as chairman of its board.

Retail 534

Retail Lending Valuation Mortgage 534

Housing Wire

JUNE 18, 2024

. “Freedom Mortgage is a repeat offender that has ignored requirements to submit accurate data that help federal regulators maintain a fair home lending market,” CFPB Director Rohit Chopra said in a prepared statement. That was enough to make it the third-largest U.S. mortgage lender by volume, according to the CFPB.

Mortgage 475

Mortgage Realty Law Lending 475

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.,

Mortgage 369

Mortgage Lending 369

Housing Wire

JULY 15, 2021

in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. “Mortgage credit has not recovered since the sharp downturn in the first half of 2020,” Kan said. Mortgage credit availability dipped 8.5%

Mortgage 482

Mortgage Government Inventory Lending 482

Housing Wire

JUNE 17, 2022

Revenue from home lending fell to $1.5 Executives at Wells Fargo this year repeatedly have said the home lending division would shrink. The company recently laid off several hundred workers from its home lending division, citing a need to reduce capacity amid lower origination volumes. billion year-over-year.

Business 435

Business Mortgage Lending Investors 435

Housing Wire

DECEMBER 11, 2023

fair lending laws has been on regulators’ radar in recent years. fair lending laws by discriminating against African American and female borrowers in the granting of pricing exceptions based upon competitive offers from other institutions. The CFPB has been tightening its screws on fair lending practices.

Mortgage 468

Mortgage Lending Law Loan Officers 468

Housing Wire

APRIL 9, 2024

The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. From 2020 to 2030, the Urban Institute projects 8.5 million net new households.

Modernization 458

Modernization Lending Legal Legal Fees 458