Housing Wire

FEBRUARY 22, 2022

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing.

Lending 397

Lending Development Finance Law 397

Housing Wire

DECEMBER 1, 2021

See below for the full list of HousingWire’s 2021 Tech Trendsetters, and click through for the profiles of each honoree. Senior Director of Software Development. VP, Product Development. Synergy One Lending. The post Introducing the HousingWire 2021 Tech Trendsetters appeared first on HousingWire. Company Name.

Technology 476

Technology Development Valuation Realty 476

Housing Wire

APRIL 21, 2022

Freddie Mac will debut targeted lending programs this year, following guidance from regulators giving lenders the go-ahead. So I say keep the guidance coming, because we are building it and we hope the lending community will come.”. In December 2021, HUD Sec.

Lending 435

Lending Legal Law Development 435

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. “We’re excited to have him on board and look for positive developments with Jim at the helm of Flagstar’s distributed retail operation.”

Retail 396

Retail Lending Mortgage Real Estate 396

Housing Wire

FEBRUARY 17, 2021

The FHFA released its 2021 Scorecard for Fannie Mae , Freddie Mac and Common Securitization Solutions on Tuesday, adding new resolution planning requirements for the GSEs. The rest of the 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations. Non-QM lending is poised for growth in 2021.

Finance 435

Finance Lending Business Technology 435

Housing Wire

JUNE 1, 2021

And thanks to their dedication, hard work and drive, the housing sector is more prepared than ever before to successfully navigate 2021 and beyond. See below for HousingWire’s 2021 list of Rising Stars, and click through for full profiles on each winner that detail their impressive accomplishments. EVP, Retail Lending.

Retail 418

Retail Lending Loan Officers Finance 418

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

Lending 397

Lending Finance Loan Officers Legal 397

Housing Wire

JANUARY 27, 2023

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. Tomo has a big opportunity – Freddie Mac expects purchase originations in 2021 and 2022 to approach about $3.6 It’s early.

Lending 476

Lending Real Estate Real Estate Agent Modernization 476

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Aslan Home Lending. VP, Learning and Development. SVP, Non-QM Business Development & Production. EVP, Business Development. Planet Home Lending. VP, Product Development. Chris Favilla. Head of Operations. Howard Hanna. David Sheeler.

Technology 432

Technology Human Resources Finance Retail 432

Housing Wire

JANUARY 10, 2024

In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. million in tenant improvements in North Carolina since 2021, the letter added.

Investing 441

Investing Tenants Development Loan Officers 441

Housing Wire

JANUARY 24, 2022

Stearns Lending will lay off 348 workers following the decision by Guaranteed Rate earlier this month to discontinue operations of its third-party wholesale channel. Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns.

Lending 370

Lending Retail Loan Officers Business 370

Housing Wire

MAY 3, 2021

The 2021 winners demonstrated their worth in the crucible of 2020 — navigating through shut-down orders and liquidity concerns before pivoting quickly to respond to record-low interest rates. EVP, Director of Warehouse Lending. Intercap Lending. VP of Business Development and Acquisitions, Chief Financial Officer.

Finance 418

Finance Lending Investing Realty 418

Housing Wire

DECEMBER 14, 2021

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead. Through July 2021, AOMS [Angel Oak Mortgage Solutions] has originated $1.52

Lending 397

Lending Technology Government Investors 397

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Eric Levin is EVP of Client Development at Model Match.

Mortgage 518

Mortgage Inventory Real Estate Technology 518

Housing Wire

OCTOBER 1, 2021

EVP, Chief Business Development and Brand Officer. Planet Home Lending. The post Introducing the 2021 HousingWire Vanguards appeared first on HousingWire. Executive Chairman and Founder. Williston Financial Group. Phil Shoemaker. President of Originations. Rob Barber. Samantha Manfer. Samantha Meyer. Chief Risk Officer.

Finance 459

Finance Technology Legal Mortgage 459

Housing Wire

FEBRUARY 9, 2021

Nominations for HousingWire’s 2021 Rising Stars opened today! developing viral consumer campaigns to improve industry perception. HousingWire’s 2021 Rising Stars will represent the best young leaders in the housing economy industry – in lending, servicing, investing and real estate. And the list keeps going!

Lending 370

Lending Real Estate Finance Development 370

Housing Wire

AUGUST 16, 2021

It also represents a gain on the $49 billion originated in the first quarter of 2021. And UWM’s gain-on-sale margin slipped to 81 basis points in Q2 2021, down from 243 bps a year ago and 219 bps in the first quarter of 2021. But other indicators suggest more challenging quarters ahead. billion in Q1 and $6.2

Retail 418

Retail Mortgage Development Business 418

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. Not in droves like in 2021, but the business is out there. Arrange meetings, go to networking events, host networking events and develop more referral relationships.

Lending 397

Lending Loan Officers Training Investors 397

Housing Wire

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus.

Lending 370

Lending Real Estate Agent Real Estate Technology 370

Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. from 2012 to 2021. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists.

Government 542

Government Lending Development Legal 542

Housing Wire

JUNE 8, 2021

The award recognizes housing professionals in residential mortgage lending, servicing, investments, real estate and fintech who are problem solvers, driving their companies forward every day. Maxson helped develop a new workflow process that enabled NotaryCam to manage a 300% increase in demand for remote online notarization. .

Real Estate 319

Real Estate Development Insurance Government 319

Housing Wire

JULY 7, 2022

Another cornerstone of Fannie Mae’s equity plan is the use of targeted lending programs. Fannie Mae sought feedback while its plan was in development and learned some lenders were hesitant to implement special purpose credit programs, which can target lending products based on a protected class.

Lending 448

Lending Insurance Development Mortgage 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 fintech was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

FEBRUARY 6, 2024

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. Lending discrimination violates the law and harms communities and entire families for generations,” Attorney General Merrick Garland said in a statement.

Advertising 435

Advertising Lending Loan Officers Law 435

Housing Wire

JULY 6, 2022

Wells Fargo, the third-biggest mortgage lender in the country, will lay off 125 employees in its home lending division in Iowa by the end of August. The bank will cut 11 jobs in July and 114 in August, according to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Iowa Workforce Development.

Mortgage 435

Mortgage Lending Business Development 435

Housing Wire

JANUARY 19, 2024

The bank claims that Patriot ranked 14th out of 482 lenders in making mortgage loans in minority areas of Memphis in 2021 and 15th out of 534 lenders in 2022. In October 2021, the DOJ launched an initiative to combat redlining – a coordinated enforcement effort to address this persistent form of discrimination against communities of color.

Loan Officers 482

Loan Officers Lending Advertising Home Improvement 482

Housing Wire

JULY 15, 2022

billion, up 5% compared to the previous quarter but down 36% compared to the same period in 2021. The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. billion in the same period of 2021. billion in Q1 2022 to $9.2

Business 459

Business Mortgage Lending Retail 459

Housing Wire

MAY 11, 2021

A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards. One trend that has developed in recent months is the rising demand for ARMs, driven by higher rates for fixed mortgages and faster home-price appreciation.”. last month.

Mortgage 514

Mortgage Lending Housing Market Government 514

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “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

AUGUST 30, 2021

million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods. Specifically, Cadence will provide $4.17

Lending 418

Lending Loan Officers Advertising Development 418

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. in 2021 to $433 billion. billion in home improvement projects.

Renovations 448

Renovations Home Improvement Marketing Finance 448

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. Fair Lending Act. metropolitan areas from 2018 through 2021. HSBC has committed $10 million in loan subsidies, including $3.5

Loan Officers 418

Loan Officers Lending Development Investing 418

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 448

Mortgage Loan Officers Lending Human Resources 448

Housing Wire

APRIL 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) announced this week that Peter Sciandra, EVP of reverse lending and secondary marketing at Fairway Independent Mortgage Corporation , has joined its board of directors for the remainder of the 2023-2024 term.

Lending 448

Lending Mortgage Development Business 448

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. Presented by: Sagent Lending Technologies.

Technology 448

Technology Lending Investors Modernization 448

Housing Wire

FEBRUARY 14, 2022

Mason will assume the role March 7, and will replace Jerry Weiss, who has been general counsel on an interim basis since March 2021. Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3 of the GSEs’ common stock, in his longtime role of chief administrative officer.

Legal 370

Legal Law Lending Development 370