Housing Wire

JUNE 24, 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. And to help you power your business forward in 2021 and beyond we brought together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set the leaders apart. ALL EYES ON PURCHASE.

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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. In December 2021, HUD resolved long standing questions about whether special purpose programs would violate the fair housing act.

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Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. Mike Cagney, SoFi. billion across these deals.

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Lending Technology Finance Insurance 394

Housing Wire

JULY 1, 2021

They were there, in the middle of everything, to make sure that brand loyalty would last well beyond 2021. This foundational first class of 2021 Marketing Leaders includes the most creative and influential marketing minds of the housing industry. Arch Mortgage Insurance. Planet Home Lending. Supreme Lending.

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Marketing Advertising Real Estate Technology 418

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. Genworth Mortgage Insurance.

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Retail Lending Loan Officers Finance 418

Housing Wire

APRIL 2, 2021

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. ” This was appealing to GNTIA owner Neville Nofar, who also counts Great Northern Tax and Great Northern Insurance Agency as part of his portfolio.

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Insurance Training Agents Valuation 379

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. in 2021, mortgage data platform Modex showed. of the total volume in 2021, its origination shifted toward purchase mortgages, which accounted for 73.1%

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Housing Wire

OCTOBER 3, 2024

“It’s the fear of the unknown,” said McGrath, whose lending company, Republic State Mortgage , has a presence in Florida. While rates are coming down and there will be more refinance activity, it won’t be a full-fledged boom like in 2020 and 2021. What keeps McGrath up at night? ”

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Insurance Technology Lending Business 363

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Arch Mortgage Insurance Company. Aslan Home Lending. Planet Home Lending. The post Introducing the 2021 HW Insiders appeared first on HousingWire. Chris Favilla. Head of Operations. Executive Vice President of Administration. Howard Hanna. LoanLogics.

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Human Resources Technology Finance Retail 432

Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.

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Insurance Real Estate Technology Business 417

Housing Wire

JULY 27, 2023

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. Community banks would not be impacted.

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Lending Mortgage Insurance Modernization 370

Housing Wire

APRIL 1, 2025

The only single-family program that did not return a 403 error at the time of this writing is mortgage insurance for disaster victims. The single-family partner page also no longer includes a dedicated section for Federal Housing Administration (FHA)-insured mortgage servicing. ”

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Modernization Insurance Technology Design 269

Housing Wire

JANUARY 3, 2022

Per the report , between October to December 2021, median home prices in 440 of the 575 counties analyzed by the data vendor saw notable home-price growth. 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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Property Taxes Lending Housing Market Insurance 535

Housing Wire

APRIL 5, 2022

500 million in Metaverse purchases in 2021 says that, yes, the demand is there. Lending is lending. Note that in 2021, the largest purchase of virtual real estate was a single transaction for $4.3 Section G: We already ruled out homeowners insurance and included mortgage insurance.

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Real Estate Mortgage Property Taxes Law 532

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. The post The 2021 HW Insiders Nominations are now open! Last year’s list of nominees was nothing short of impressive.

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Real Estate Development Insurance Government 334

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. jump from the same period in 2021. uptick from the third quarter and a 40% increase from December 31, 2021.

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Business Mortgage Lending Insurance 448

Housing Wire

NOVEMBER 3, 2021

For the sixth straight quarter , eXp World Holdings , the parent company of eXp Realty , reported record breaking revenue, according to the company’s earnings report for the third quarter of 2021, released Wednesday. Year-over-year the number of agents and brokers increased 82% in Q3 2021 to 65,269. million, while net income was $23.8

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Brokerage Lending Realty Loan Officers 397

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.

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Lending Insurance Development Mortgage 448

Housing Wire

JANUARY 18, 2022

“As a direct lender that is already licensed, audited, and insured, Milo is able to stand behind its commitment to lend its clients,” Milo said. Other lenders have also made a bet that cryptocurrency will be integrated into the lending space, despite ongoing fears of volatility with digital currencies.

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Mortgage Clients Real Estate Technology 501

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. The space remains dominated by depository banks.

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Renovations Home Improvement Marketing Finance 448

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

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Mortgage Lending Technology Insurance 448

Housing Wire

MARCH 21, 2025

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. It has the budget and scale to do this, so Id put my money on them to build out something great, Ulsh said.

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Real Estate Agents Loan Officers Mortgage 292

Housing Wire

MARCH 20, 2023

from the Federal Deposit Insurance Corporation (FDIC). It says the transaction adds new verticals, including middle market specialty finance, healthcare lending and SBA lending. billion deal to acquire Flagstar Bank in April 2021, a transaction completed in December 2022. Flagstar Bank , a top-20 U.S. billion.

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Lending Insurance Real Estate Finance 370

Housing Wire

DECEMBER 13, 2021

Nominations for HousingWire’s Tech100 award are now open through Friday, December 17, 2021. The title insurance industry generated $6.8 billion in title insurance premiums in Q3, marking the industry’s best quarter ever. Click here to submit your company.

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Insurance Technology Training Tools 418

Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s million the firm recorded during the first quarter of 2021. As expected, the firm’s title insurance segment did not have the greatest quarter.

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Insurance Investors Housing Market Law 370

Housing Wire

SEPTEMBER 10, 2021

It also launched its lending division, Orchard Home Loans, in July. Its rival, Knock , shifted its focus to lending around the same time. In addition to its funding round, Orchard announced that Christa Quarles , CEO of Canadian graphics processing company Corel Corporation , will join its board of directors in October 2021.

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Lending Insurance Investors Real Estate 435

Housing Wire

FEBRUARY 10, 2022

The company’s total revenue for 2021 was up 30% from 2020 to a record of $9.2 At the beginning of 2021, we announced our intention to expand our title plant footprint from 500 counties to 1500 by the end of that year. billion in revenue from its title insurance and services segments, a 13% year-over-year increase. population.

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Insurance Investing Inventory Business 418

Housing Wire

MARCH 9, 2022

banks, lenders, credit unions, insurers and securities firms. What are the building blocks of digital lending? In late 2020, Wolters Kluwer GRC acquired cloud-based digital lending software firm eOriginal for about $280 million. In 2021, Wolters Kluwer reported annual revenues of €4.8 Presented by: Wolters Kluwer.

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Lending Government Law Insurance 397

Housing Wire

SEPTEMBER 25, 2023

These benefits will allow users to establish proactive margin management processes and remain competitive in any market environment,” Brandonn Dukes, EVP of real estate and consumer lending at Curinos, said in a statement. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

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Technology Insurance Mortgage Lending 429

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 370

Real Estate Lending Technology Investing 370

Housing Wire

DECEMBER 1, 2022

In March 2021, Polly raised $15 million in Series A funding led by 8VC and in January 2022 raised an additional $37 million in a Series B funding round led by Menlo Ventures. In May this year, Polly’s mortgage SaaS technology integrated with mortgage insurance providers like Arch MI, Enact, Essent, MGIC, National MI and Radian.

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Mortgage Technology Investing Design 435

Appraisal Buzz

OCTOBER 23, 2024

Banks are not willing to lend as much money, and the interest rates on distressed properties are 10 percent,” wrote one survey respondent, explaining why he is bidding on fewer properties. The rate also declined during the quarter, hitting a nine-month low in September.

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Retail Marketing Inventory Buyers 370

Housing Wire

DECEMBER 14, 2022

Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president.

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Insurance Finance Inventory Mortgage 397

Housing Wire

FEBRUARY 4, 2021

The deal is expected to close in the second quarter of 2021 subject to shareholder approval, regulatory approvals and other customary closing conditions. Strategies lenders should adopt from direct to consumer lending. Sign up here.

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Legal Investors Lending Finance 482

Housing Wire

MARCH 31, 2021

In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. How servicers can stay ahead of Biden’s potential regulatory changes.

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Appraisal Insurance Lending Development 435

Housing Wire

APRIL 20, 2021

The MBA fears that limit could be an issue for lenders given the higher activity in those loans since the start of 2021. “It ” Fercho, the head of home lending at Wells Fargo, asked Calabria about the 7% hard cap and what stakeholders can do now before any new amendments are put into place. Those forbearances peaked at 2.1

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Finance Investing Lending Legal 531

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

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Loan Officers Law Lending Advertising 435