Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca joined loanDepot as an underwriter in 2013 and became vice president of lending operations in 2021. billion in mortgages, down from $5.3 billion in the previous quarter.

Lending 448

Lending Mortgage Tools Development 448

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Condos in Florida have to be next level,” said one retail lending executive. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Condos are hard.

Marketing 524

Marketing Mortgage Finance Lending 524

Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. The short (and long) answer is no, not a chance.

Lending 501

Lending Mortgage Business Inventory 501

Housing Wire

DECEMBER 4, 2023

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. in an $87 million deal in 2021. is a software development company that offers a digital loan origination and POS system for the mortgage industry.

Lending 468

Lending Mortgage Real Estate Agent Design 468

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. billion valuation in a venture-backed funding round in 2021. JP Morgan Chase & Co. for the IPO.

Lending 459

Lending Valuation Technology Retail 459

Housing Wire

AUGUST 30, 2022

The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson. billion in 2021, closing 9,991 loans. The post Mountain West Financial steps back from wholesale lending appeared first on HousingWire.

Lending 448

Lending Retail Mortgage Clients 448

Housing Wire

FEBRUARY 3, 2025

2021 in federal court in Houston, the suit accused Feldman & Feldman of defaming EasyKnock in a post the law firm made on its website cautioning consumers to scrutinize the companys transactions with financially distressed homeowners. Originally filed by EasyKnock in Nov.

Law 394

Law Lending Modernization Investors 394

Housing Wire

NOVEMBER 15, 2022

Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. A decline in the index, benchmarked to 100 in March 2012, is an indicator that lending standards are tightening, while an increase suggests loosening credit standards.

Lending 501

Lending Government Mortgage Housing Market 501

Appraisal Buzz

AUGUST 29, 2024

from a peak reached in 2021 and down 1.6% 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. trillion in 2021, that was an increase from $417.4 from Q2 of 2023.

Lending 341

Lending Mortgage Buyers Housing Market 341

Housing Wire

OCTOBER 10, 2023

“Our Marketplace unites a multitude of industry-leading solutions with the MeridianLink One platform to deliver exceptional consumer experiences and streamline contemporary lending processes,” Megan Pulliam, SVP of MeridianLink Marketplace, said in a statement.

Lending 435

Lending Technology Design Mortgage 435

Housing Wire

NOVEMBER 20, 2024

Fair Lending Act. According to the document, HSBC allegedly engaged in discriminatory lending practices in majority Black and Hispanic neighborhoods in six U.S. metropolitan areas from 2018 through 2021. It included New York (NY), Seattle (WA), Orange County (CA), Los Angeles (CA), Oakland (CA), and the Bay Area (CA).

Loan Officers 418

Loan Officers Lending Development Investing 418

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

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart.

Lending 418

Lending Retail Loan Officers Mortgage 418

Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. Under the Dodd-Frank Act and Truth in Lending Act (TILA), lenders must use independent, state-licensed appraisers to avoid conflicts of interest.

Appraisal 397

Appraisal Lending Clients Valuation 397

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

JUNE 10, 2024

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space. Pham has 23 years of marketing experience in the real estate and finance sectors.

Lending 345

Lending Business Real Estate Finance 345

Housing Wire

MARCH 28, 2023

A federal judge in Georgia has given the green light for an amended “predatory lending” lawsuit to proceed against Wells Fargo. Wells Fargo has been under fire numerous times in the past over discriminatory lending allegations. The lawsuit was filed under the Fair Housing Act by three counties in Georgia.

Lending 397

Lending Mortgage Legal 397

Housing Wire

OCTOBER 17, 2024

Executives at Better reset the company amid a shrinking mortgage market, with its workforce declining 92% from 10,400 employees in 2021 to just 820 in 2023. Gains in productivity mean fewer additions to operations staff per LO in this lending cycle, he added.

Loan Officers 435

Loan Officers Tools Technology Mortgage 435

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.”

Mortgage 370

Mortgage Loan Officers Retail Finance 370

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Established in 2021, Dunmor operates nationwide in the consumer direct and broker channels.

Investing 367

Investing Lending Real Estate Construction 367

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 439

Investing Tenants Development Loan Officers 439

Housing Wire

NOVEMBER 27, 2024

“Even with mortgage rates modestly rising despite the Federal Reserve ‘s decision to cut the short-term interbank lending rate in September, continuous job additions and more housing inventory are bringing more consumers to the market.” year-over-year growth is the first annualized increase since July 2021.

Marketing 370

Marketing Realtors Housing Market Lending 370

Housing Wire

NOVEMBER 15, 2024

Rhea was a HousingWire Woman of Influence in 2021. Starting Mortgage Investors Group with a handful of people in 1989, she built it into one of the Southeast’s leading mortgage lenders, all while championing fair lending and affordable housing.” My heart is heavy for her family and her colleagues.

Investors 370

Investors Mortgage Loan Officers Lending 370

Appraisal Buzz

FEBRUARY 27, 2025

Despite the annual gain in lending activity, the total number of home mortgages issued during Q4 of last year remained down by nearly two-thirds from a high point hit in 2021. The latest trend resulted from declines in purchase and home-equity lending, tempered by an increase in refinance packages. billion in 2021.

Lending 195

Lending Mortgage Buyers Marketing 195

Housing Wire

FEBRUARY 20, 2025

In 2019, 47% of Black homebuyers were purchasing for the first time, a figure that plunged to 35% in 2021 after the COVID-19 pandemic. In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023. The rise comes after years of fluctuation.

Housing Market 362

Housing Market Buyers Law Lending 362

Housing Wire

FEBRUARY 10, 2025

A California jury on Friday dismissed the final headline-grabbing claims former loanDepot chief operating officer Tammy Richards made against the lender in 2021. Richards, now an executive at Kind Lending , and her attorney, James Bryant, did not immediately respond to a request for comment.

Legal 309

Legal Construction Lending Mortgage 309

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.” He mentioned that since 2021, the company has deployed $5.8 In September, the company raised $300 million in equity. billion without raising any equity. “As

Mortgage 435

Mortgage Tools Business Lending 435

Housing Wire

JULY 27, 2023

. “Staff of the agencies estimated that five large bank holding companies would have shortfalls in their common equity tier 1 capital requirement under this proposal based on year-end 2021 data,” FDIC Chairman Martin Gruenberg said in a statement. ” Comments on the proposal will be accepted through November 30, 2023.

Lending 370

Lending Mortgage Insurance Modernization 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

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

JUNE 22, 2022

JPMorgan Chase , the nation’s largest bank, has started a workforce reduction of its mortgage lending business this week after having been struck by a tightening monetary policy that drove mortgage rates to over 6%. Home lending net revenue reached $1.2 billion in the first quarter, down 20% compared to the same quarter in 2021.

Mortgage 514

Mortgage Lending Business Marketing 514

Appraisal Buzz

MARCH 27, 2025

Down Payment ($ amt) 2021 Q4 2022 Q4 2023 Q4 2024 Q4 2021 Q4 2022 Q4 2023 Q4 2024 Q4 U.S. Although they are still below the 2007 peak, modest down paymentsthose usually made by first-time homebuyers or those who use government-backed lending choices like FHA or VA loanssaw an increase in payments as well. and $27,200 in 2023.

Buyers 248

Buyers Inventory Housing Market Government 248

Appraisal Buzz

JANUARY 16, 2025

While foreclosure filings remain a critical metric for understanding market health, current trends may point to a more balanced landscape, potentially shaped by careful lending practices and ongoing homeowner resilience. Foreclosure Starts Dip Nationwide The nations mortgage lenders started the foreclosure process on 253,306 U.S.

Lending 389

Lending Investors Housing Market Marketing 389

Housing Wire

DECEMBER 20, 2024

The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. In late 2021, Mitchell was hired by the parent company of reverse LOS ReverseVision (RV) and Joe Langner, its leader at the time. Not long after, the company was acquired by Constellation Software.

Mortgage 397

Mortgage Technology Modernization Business 397

Housing Wire

JULY 23, 2024

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California -based lender. She also held prior leadership roles at Prospect Mortgage , Citinet Mortgage and Countrywide.

Lending 445

Lending Construction Investing Real Estate 445

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.

Property Taxes 535

Property Taxes Lending Housing Market Insurance 535

Housing Wire

NOVEMBER 7, 2024

As an example, he shared a case in which a condominium that burned down in 2021 took 13 months to rebuild, increasing the insurance payout due to loss of use. A lot of the lending professionals that I work with closely, I’ve done a good job of educating them,“ he said. Supply chain issues have stretched insurance carriers thin.

Insurance 482

Insurance Supply Chain Real Estate Design 482