Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

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Modernization Mortgage Design Advertising 370

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. 31, 2020, however Fannie Mae is now pushing that back to at least Jan. 31, 2020,” Fannie Mae said in a letter to lenders. “We 31, 2020,” Fannie Mae said in a letter to lenders. 31, 2021.

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. 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.

Mortgage 360

Mortgage Investors Insurance Loan Officers 360

Housing Wire

OCTOBER 22, 2020

This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. million and purchase applications would never hit 300 until the years 2020-2024. Well, here we are in 2020 entering into the best housing demographic patch ever recorded in U.S. So, let’s take a look at the housing data in 2020 so far.

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Housing Market Mortgage Buyers Government 538

Housing Wire

JANUARY 5, 2021

It’s unclear what the deal values Stearns at, but the lender originated $20 billion in mortgages last year, according to Guaranteed Rate, which claims to have originated $73 billion in mortgages in 2020. Guaranteed Rate ended the year as the 11th-largest lender in the country, according to Inside Mortgage Finance.

Lending 538

Lending Retail Real Estate Agent Brokerage 538

Housing Wire

DECEMBER 18, 2024

Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects. If mortgage rates hadn’t dropped from 7.5% We have already seen the negative impact of 7.5%

Construction 511

Construction Modernization Mortgage Housing Market 511

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 Mortgage industry veteran Michael Strauss, Sprout’s founder, is also listed as a defendant. million related to the proceeds of two notes it owned and funded.

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Lending Mortgage Design Business 418

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.

Housing Market 545

Housing Market Government Marketing Mortgage 545

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.

Housing Market 543

Housing Market Marketing Construction Buyers 543

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. The affordability crisis extends beyond mortgage payments. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. ADU is a big requirement now.

Loan Officers 317

Loan Officers Property Taxes Marketing Insurance 317

Appraisal Buzz

AUGUST 29, 2024

million mortgages secured by residential property (units one to four) were issued in the U.S., Residential Property Mortgage Origination Report. The recovery occurred in the midst of a robust springtime housing market and falling mortgage rates following several months of rising rates. accounting for about half of all mortgages.

Lending 341

Lending Mortgage Buyers Housing Market 341

Housing Wire

OCTOBER 12, 2022

has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. The financing arrangement was also dated June 3, 2020. It originated a mortgage volume of $21.7 trillion in 2023.

Lending 418

Lending Contracts Finance Mortgage 418

Housing Wire

FEBRUARY 4, 2021

The average mortgage rate for a 30-year fixed loan remained unchanged last week from the week prior at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. With mortgage rates hovering below 3% for over six months now, Sam Khater, Freddie Mac’s chief economist, said this may be a sign of an economy still struggling.

Mortgage 542

Mortgage Lending Training Inventory 542

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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Lending Government Mortgage Finance 435

Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. However, the uptrend in the bond market since the lows of August 2020 is intact.

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

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. The post Mortgage lenders are loosening standards on jumbos appeared first on HousingWire.

Mortgage 493

Mortgage Lending Loan Officers Government 493

Housing Wire

JANUARY 30, 2025

“With a proven track record of delivering scalable D2C solutions and impactful client retention programs in the mortgage industry, Bijoy’s expertise will be invaluable in driving our marketing initiatives forward.” The lender arrived on scene in 2020 and was later acquired by digital media company Red Ventures.

Marketing 382

Marketing Clients Lending Mortgage 382

Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Department of Agriculture fell by.1%,

Mortgage 542

Mortgage Lending Government Contracts 542

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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Lending Law Design Government 468

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 billion in mortgages. The post Figure to merge with mortgage lender Homebridge appeared first on HousingWire.

Mortgage 516

Mortgage Architecture Lending Technology 516

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 434

Lending Contracts Mortgage 434

Housing Wire

FEBRUARY 2, 2023

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. In his new role, Anzoleaga will be tasked with generating more residential mortgage business, fostering business partnerships and improving customer experience.

Lending 397

Lending Real Estate Agent Agents Business 397

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Windsor, Ontario-based Edison Financial will officially change its name to Rocket Mortgage Canada and operate as Rocket Mortgage on August 8.

Brokerage 435

Brokerage Mortgage Real Estate Lending 435

Housing Wire

MARCH 25, 2022

Home Mortgage Disclosure Act (HMDA) data, released Thursday by the Consumer Financial Protection Bureau, showed a reshuffle in the top 10 lenders by volume for 2021. Freedom Mortgage Bank of America Homepoint Guaranteed Rate. The two top lenders, Rocket Mortgage and United Wholesale Mortgage , each maintained their positions.

Mortgage 459

Mortgage Lending Home Improvement Investing 459

Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33% the week prior.

Mortgage 511

Mortgage Lending Technology Business 511

Housing Wire

MARCH 7, 2022

Lenders One Cooperative announced on Monday that it has struck a deal to lease retail space in Walmart stores to sell mortgage products and services. ” Walmart isn’t the first warehouse-style retailer to offer mortgage products on location. Neither company offered mortgages. The post Welcome to Walmart.

Retail 488

Retail Mortgage Lending Real Estate 488

Housing Wire

JUNE 18, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed that lender and servicer Freedom Mortgage Corp. million for alleged violations of a 2019 consent order and the Home Mortgage Disclosure Act (HMDA) when it submitted incorrect mortgage data. mortgage lender by volume, according to the CFPB.

Mortgage 475

Mortgage Realty Law Lending 475

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.

Mortgage 544

Mortgage Insurance Lending Government 544

Housing Wire

JULY 15, 2021

Mortgage credit availability dipped 8.5% 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 482

Mortgage Government Lending Inventory 482

Housing Wire

JUNE 10, 2021

Mortgage credit availability increased by 1.4% in May – a sign that volume-hungry lenders continued to loosen credit standards in a highly competitive market, according to Thursday data from the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index (MCAI) which uses 100 as a benchmark — increased to 129.9

Mortgage 488

Mortgage Government Lending Housing Market 488

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. mortgage lender by volume and largest depository, originated $37.9 Mortgage banking noninterest income in the first quarter totaled $693 billion, down from $1.3 billion year-over-year.

Business 435

Business Mortgage Lending Investors 435

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 2 Digital adoption.

Mortgage 534

Mortgage Technology Loan Officers Business 534

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. fair lending laws has been on regulators’ radar in recent years. Its findings showed that mortgage lenders violated U.S.

Mortgage 468

Mortgage Lending Law Loan Officers 468

Housing Wire

SEPTEMBER 16, 2022

Wells Fargo will pay $94 million to settle a class-action lawsuit that argued it sent more than 200,000 mortgage borrowers into forbearance during the pandemic unlawfully and without their consent. Scharf also argued depository banks are held to higher standards than nonbank mortgage lenders.

Mortgage 459

Mortgage Lending Business Clients 459

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?

Business 332

Business Renovations Investors Market Value 332

Housing Wire

MARCH 18, 2022

Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. His exit was first reported by Inside Mortgage Finance. Dallas did not immediately return requests for comment.

Finance 497

Finance Mortgage Business Lending 497