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 443

Lending Mortgage Tools Development 443

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 469

Lending Mortgage Real Estate Agent Design 469

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I Wells Fargo’s correspondent lending business was already in a freefall.

Lending 526

Lending Business Finance Mortgage 526

Housing Wire

JANUARY 23, 2023

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Tavant, an HW Tech100 winner for multiple years, helped underwrite more than 80,000 loans in 2021.

Lending 446

Lending Mortgage Technology Design 446

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 454

Lending Valuation Technology Retail 454

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, 2021. “We 31, 2021 from Dec. 31, 2021 from Dec. To that end, the GSEs began accepting alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. MF: Angel Oak expects the non-QM market in 2021 to quickly grow as our economy recovers.

Lending 358

Lending Clients Investing Investors 358

Appraisal Buzz

DECEMBER 2, 2021

ATTOM has released its third-quarter 2021 U.S. million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of 2021 in the United States. That figure was up 3% from the third quarter of 2020, but down 8% from the second quarter of 2021 – the largest quarterly dip in over a year.

Lending 195

Lending Mortgage Appraisal 195

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 450

Lending Retail Mortgage Clients 450

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.

Lending 501

Lending Appraisal Inspection Property Appraisal 501

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. In terms of dollar volume, there was an estimated $251 billion in HELOC originations during all of 2022, up from $182 billion in 2021. last year.

Technology 367

Technology Lending Housing Market Investors 367

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 428

Lending Technology Design Mortgage 428

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. Rocket pumped out $340 billion in loans in 2021, 8.55% more than it did in 2020. Wells Fargo moved up one notch, originating $141 billion, a 11% increase from 2021.

Mortgage 461

Mortgage Lending Home Improvement Investing 461

Housing Wire

JANUARY 14, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. 31, 2021, however, the government entity is now pushing that back to at least Feb. 14, the CDC has reported over 1.7

Lending 540

Lending Appraisal Inspection Property Appraisal 540

Housing Wire

OCTOBER 12, 2022

In the fourth quarter of 2021, the company had $4.72 The company cut about 75% of its workforce from the summer of 2021 to about 1,000 in the fall of 2022. Over the past year, Homepoint sold off large chunks of its business including selling its delegated correspondent business to Planet Home Lending. trillion this year and $1.3

Lending 418

Lending Contracts Finance Mortgage 418

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 344

Lending Business Real Estate Finance 344

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

JULY 11, 2022

As Wells Fargo contemplates a smaller footprint in mortgage, the nation’s fourth-largest bank named Kleber Santos as chief executive officer of consumer lending. Weinbach joined Wells Fargo in April 2020 to lead consumer lending. . The post Wells Fargo taps Kleber Santos to lead consumer lending appeared first on HousingWire.

Lending 370

Lending Retail Business Mortgage 370

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 419

Lending Real Estate Agent Loan Officers Retail 419

Housing Wire

APRIL 29, 2022

Connecticut-based mortgage servicer and lender Planet Home Lending has entered into an agreement to acquire assets from Homepoint ‘s delegated correspondent channel for $2.5 The Michigan-based lender ranked 13th in the correspondent channel in 2021, with $20.7 billion in 2021. year-over-year. year-over-year.

Lending 398

Lending Finance Business Mortgage 398

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

AUGUST 31, 2022

Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. compared to the same period in 2021. . Expected to close around Oct.

Lending 364

Lending Retail Legal Loan Officers 364

Housing Wire

JUNE 7, 2022

The Federal Housing Finance Agency ‘s (FHFA) inaugural mission report, released Monday, offers a glimpse into the fair lending performance of Fannie Mae and Freddie Mac , showing the agencies continue to back fewer loans to Black and Latino applicants, despite an uptick in applications submitted by those minorities.

Lending 394

Lending Finance Mortgage Government 394

Housing Wire

JUNE 23, 2023

HousingWire reached out to 2019 HW Insiders honoree Jemma Pachiano , chief innovation officer at Legend Lending. In January of 2021 I was promoted to chief operating officer of Mid America Mortgage, Inc. Throughout 2021 I grew our operations team to achieve 10,500 units funded, which was a 300% increase in originations year over year.

Lending 367

Lending Retail Technology Mortgage 367

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. Presented by: Sutherland.

Lending 469

Lending Loan Officers Mortgage Government 469

Housing Wire

JUNE 23, 2023

HousingWire reached out to 2019 HW Insiders honoree Jemma Pachiano , chief inspiration officer at Legend Lending. In January of 2021 I was promoted to chief operating officer of Mid America Mortgage, Inc. Throughout 2021 I grew our operations team to achieve 10,500 units funded, which was a 300% increase in originations year over year.

Lending 364

Lending Retail Technology Mortgage 364

Housing Wire

SEPTEMBER 15, 2020

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 in 2021, the forecast said, matching Fannie Mae’s prior monthly projection. The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire.

Lending 545

Lending Mortgage Realtors Housing Market 545

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. In the fourth quarter of 2021, Flagstar originated about closed $10.7 The deal was supposed to close by the end of 2021, however, it has not yet received regulatory approval.

Retail 385

Retail Lending Mortgage Real Estate 385

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 499

Lending Government Mortgage Housing Market 499

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.

Lending 388

Lending Development Finance Law 388

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. The post Stearns Lending to lay off 348 workers appeared first on HousingWire. HousingWire sent a message seeking comment to Guaranteed Rate, which was not returned.

Lending 370

Lending Retail Loan Officers Business 370

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 418

Lending Contracts Mortgage 418

Appraisal Buzz

NOVEMBER 25, 2024

However, the growth in business for lenders was considerably below a rise in the spring of 2024, and even though home-mortgage rates fell by about 6% for a 30-year fixed loan by the end of Q3 2024, total mortgages were still nearly two-thirds lower than their peak in 2021. trillion in 2021, that was an increase from $537.5 In most U.S.

Lending 393

Lending Mortgage Buyers Real Estate 393

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 According to the lawsuit, the executive executed in November 2021 a personal guaranty in Banc of California’s favor for Sprout’s liabilities. million as of November 30.

Lending 418

Lending Mortgage Design Business 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 416

Lending Retail Loan Officers Mortgage 416

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 436

Finance Lending Business Technology 436

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 436

Lending Legal Law Development 436