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. It will also include the company’s local traditional consumer mortgage and construction-to-permanent businesses.

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Business Mortgage Lending Insurance 450

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 519

Insurance Easement Real Estate Investing 519

Housing Wire

JULY 29, 2022

vertical manager of strategic partnerships at Liberty Mutual, to discuss how partnering with a nationally recognized insurance company improve borrower engagement for lenders. HW: How can partnering with a nationally recognized insurance company improve borrower engagement for lenders?

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Insurance Business Mortgage Lending 419

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

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Lending Advertising Mortgage Government 398

Housing Wire

FEBRUARY 21, 2023

Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. FOA announced its intention to exit the forward mortgage originations business in late 2022 by winding down the operations of Finance of America Mortgage.

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Business Lending Finance Real Estate 364

Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Perhaps the interesting part regarding conformity in title insurance fees is found in Section 8 of RESPA (12 U.S.C.

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Lending Insurance Legal Business 392

Housing Wire

JUNE 20, 2023

Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Prior to joining Truist, Smith led the mortgage lending, insurance and title businesses affiliated with Keller Williams.

Business 369

Business Mortgage Retail Lending 369

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

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Business Finance Lending Buyers 476

Appraisal Buzz

AUGUST 14, 2024

M&T Bank Head of Affordable Housing Lending Lopa Kolluri M&T Bank has announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. trillion in insured mortgages and leading 2,800 employees.

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Lending Clients Development Real Estate 221

Housing Wire

APRIL 10, 2024

Business update and market share The company announced the availability of the update in a filing with the Securities and Exchange Commission (SEC). The Company has substantially completed its exit from all non-core businesses at the end of Q1’24.”

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Business Investors Finance Home Improvement 448

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. Representatives at Comerica referred to the presentation when asked about the bank’s decision and its implications.

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Lending Finance Insurance Investors 361

Housing Wire

JULY 18, 2023

The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27. It would likely further chill jumbo lending by regional banks. But it’s a thin-margin business.

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Lending Mortgage Insurance Government 370

Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency. .

Insurance 419

Insurance Lending Valuation Real Estate Agent 419

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, They’re not doing the lending that they were, and I think that is a tailwind for us. We’re gaining that business.

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Business Lending Investors Finance 368

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. Responses were received from 66 domestic banks and 19 U.S.

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Lending Mortgage Loan Officers Government 369

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

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. Isn’t this just good business practice anyway?

Business 393

Business Appraisal Real Estate Agent Lending 393

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 Agents Training Valuation 324

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 321

Housing Wire

DECEMBER 29, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. share of the market controlled by small, independent title insurance companies.

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Insurance Real Estate Technology Business 405

Housing Wire

JUNE 28, 2024

While this was once a necessary business strategy, the technology now exists to implement a much more efficient approach. Instead of having to hire (and later, lay off) 100 new people and train them, the business can accommodate demand without artificially bloating its workforce.

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Lending Mortgage Technology Training 396

Housing Wire

APRIL 23, 2021

.” The Dallas-based bank, one of the country’s largest correspondent lenders, also announced that the deal would represent an exit from the correspondent lending sector. Texas Capital’s correspondent lending business originated approximately $2.4

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Business Lending Insurance Sellers 234

Housing Wire

OCTOBER 14, 2020

Though its earnings were disappointing overall, residential lending at Wells Fargo rebounded in the third quarter, both in terms of income and origination volume. billion in income from its residential lending operation, up from $317 million in the prior quarter. billion to insure against any losses on its active loans.

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Business Mortgage Lending Valuation 493

Appraisal Buzz

NOVEMBER 26, 2024

I’ll focus on what is likely to happen, as well as what business leaders should monitor in the coming year.” His senior executive management positions include nine years as president and COO of the nation’s largest title insurance company, Chairman and Co-CEO of a software company, and CEO of a real estate data and information company.

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Real Estate Insurance Tenants Housing Market 360

Housing Wire

MARCH 20, 2023

mortgage lender owned by New York Community Bancorp, announced on Sunday that it has assumed most deposits and acquired certain assets, business lines and liabilities of Signature Bridge Bank, N.A. from the Federal Deposit Insurance Corporation (FDIC). Flagstar Bank , a top-20 U.S. The bank did not acquire crypto-related assets.

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Lending Insurance Real Estate Finance 370

Housing Wire

OCTOBER 25, 2024

However, this era is ending, leading to an expected increase in mortgage lending and an uptick in RMBS issuance, especially in H1 2025. The TAM, or total addressable market for non-QM lenders, mainly consists of small—or medium-sized business owners in the United States. For insurance companies, this is the non-QM space.

Supply Chain 467

Supply Chain Investors Insurance Lending 467

Housing Wire

JUNE 19, 2023

It is crucial to focus on capturing the business that exists in this market in the near term while also planting seeds with clients that will yield long-term rewards. Whether you’re on the brokerage or lending side, offering clients something that aligns with today’s narrative is key. Evolve the technology stack.

Real Estate 350

Real Estate Business Clients Client Relationships 350

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

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Lending Technology Investing Loan Officers 366

Housing Wire

NOVEMBER 29, 2024

But reverse mortgage industry analysts who regularly cover developments in the space are split on whether the increase will make a material difference in the trajectory of the business in the new year. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs.

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Mortgage Insurance Home Value Local Properties 347

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. .

Marketing 524

Marketing Mortgage Finance Inventory 524

Housing Wire

OCTOBER 11, 2024

Lending volumes remained relatively steady over the past year, which the firm tied to “continued high interest rates.” In 2023, there was a large shift of business away from conforming purchase loans to those insured by the Federal Housing Administration (FHA). That shift did not occur this year.

Mortgage 516

Mortgage Lending Insurance Real Estate 516

Housing Wire

JULY 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

Insurance 369

Insurance Brokerage Clients Real Estate Agent 369

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Is the juice worth the squeeze?

Insurance 450

Insurance Mortgage Investors Renovations 450

Housing Wire

SEPTEMBER 19, 2024

While news of the Federal Reserve lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5% will have wider economic ramifications in the government’s ongoing efforts to fight inflation, there are expected benefits to the reverse mortgage business as well as the demographic it serves: seniors on a fixed income.

Mortgage 493

Mortgage Finance Lending Insurance 493

Housing Wire

JUNE 14, 2024

Incenter has a wonderful Enterprise Business Development team who have repeatedly proven themselves as strategic partners to lenders , servicers and investors. Incenter’s business channels include capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing solutions.

Property Taxes 430

Property Taxes Clients Development Insurance 430

Housing Wire

JANUARY 10, 2024

Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Keeping business moving The reverse mortgage business has faced headwinds including reduced volume, high interest rates, lender exits and consolidations.

Mortgage 468

Mortgage Lending Loan Officers Design 468

Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Things went wrong more often when using unfamiliar title and escrow companies, Campbell and his business partners reasoned. Campbell is now something of a JV guru, having completed over 80 joint ventures with real estate or lending firms.

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Real Estate Insurance Brokerage Real Estate Agent 469