Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. 16 in the most recent rankings.

Lending 448

Lending Inventory Mortgage Finance 448

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

Lending 385

Lending Mortgage Technology Tools 385

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. I have really enjoyed getting to know Next Door Lending’s principals, Doug [Liska] and Jonathon, through this process,” Chen said. As part of the deal that closed Oct.

Lending 403

Lending Mortgage Brokerage Loan Officers 403

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.

Business 429

Business Finance Lending Buyers 429

Housing Wire

MARCH 27, 2024

The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending. US Mortgage recently surpassed 30 years in business. As Scott said, they’ve been in business for 30 years.

Business 401

Business Mortgage Loan Officers Training 401

Appraisal Buzz

AUGUST 29, 2024

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. A similar trend occurred last Spring, with lending dropping off significantly later in the year. billion in Q2 of 2023.

Lending 341

Lending Mortgage Buyers Housing Market 341

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 343

Lending Technology Training Investing 343

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.”

Business 399

Business Investors Finance Home Improvement 399

Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

Business 419

Business Loan Officers Mortgage Lending 419

Housing Wire

FEBRUARY 12, 2024

The start to 2024 When asked about how business has progressed in the early days of the year, Robinson said that the company is focused on looking ahead at potential interest rate relief and any changes in Federal Reserve policy that may come.

Business 435

Business Loan Officers Clients Mortgage 435

Housing Wire

MAY 29, 2024

To get a better picture of these initiatives and priorities, RMD sat down with Shannon Robinson , vice president of reverse mortgage lending at NAF, to gauge the way business is going as the industry navigates both broader mortgage headwinds as well as those unique to the reverse side of the business.

Business 361

Business Loan Officers Mortgage Clients 361

Housing Wire

DECEMBER 10, 2024

announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. I’ve always used education at the forefront for building and growing my personal book of business, Bodner said. and Cherry Creek Mortgage prior to its acquisition by Guild Mortgage.

Lending 293

Lending Clients Training Mortgage 293

Housing Wire

MAY 17, 2024

The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone seeking to do business with FHA, to obtain a Unique Entity Identifier (UEI) in order to be eligible for such business. The rule is effective immediately.

Government 366

Government Business Design Real Estate 366

Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Leveraging credible and reliable AVMs, combined with a thorough PCR, can provide lenders an edge when competing for home equity business.

Valuation 312

Valuation Lending Renovations Appraisal 312

Housing Wire

JANUARY 29, 2024

Through the All-In Initiative, or “ultimatum,” UWM had ended its business relationship with brokers who chose to continue originating loans to Rocket and Fairway. The decision was made because the company believes the retail lenders’ business model negatively impacts consumers, brokers, and the wholesale channel, it claims.

Contracts 448

Contracts Loan Officers Lending Retail 448

Housing Wire

OCTOBER 23, 2024

When mortgage rates declined in the third quarter of 2024, Mr. Cooper Group doubled its gains in the origination business. Taking all business together, however, the Dallas-based company delivered $80 million in net income in Q3 2024, compared to $204 million in the second quarter.

Business 359

Business Mortgage Technology Development 359

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. The company has displayed a trend of tapping mortgage industry veterans to lead and innovate key business verticals. The lender has 850-plus branches across all 50 states and the District of Columbia.

Lending 363

Lending Mortgage Loan Officers Retail 363

Housing Wire

DECEMBER 11, 2023

Despite rising housing unaffordability , we in the real estate business know that homeownership is still a fantastic way to build generational wealth. Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. Back to Bob’s American dream.

Real Estate Agent 441

Real Estate Agent Real Estate Agents Lending 441

Housing Wire

SEPTEMBER 23, 2024

California -based mortgage lender loanDepot has hired military advocate Bryan Bergjans as part of an effort to boost its lending capacity in the U.S. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development.

Retail 398

Retail Lending Loan Officers Mortgage 398

Housing Wire

DECEMBER 11, 2023

fair lending laws has been on regulators’ radar in recent years. Wells Fargo received the MRA from the CFPB a couple of months before the company announced it was scaling down its mortgage business in January. The CFPB has been tightening its screws on fair lending practices. Wells Fargo paid $3.7

Mortgage 442

Mortgage Lending Law Loan Officers 442

Housing Wire

AUGUST 20, 2024

The transaction includes only Wells Fargo’s non-agency, third-party commercial mortgage servicing (CMS) business. an 11% share of the country’s commercial real estate lending market. Last year, Wells Fargo chose to exit the home lending correspondent channel and reduce its footprint in residential mortgage servicing.

Mortgage 362

Mortgage Real Estate Lending Clients 362

Housing Wire

JULY 8, 2024

We believe that combining the Archwest team’s deep lending and operational capabilities with a bespoke capital solution from Bain Capital sets Archwest up to be the leader in the non-owner occupied residential lending space.” housing stock,” David DePrez, managing director for Bain Capital, said in prepared remarks. “We

Investing 376

Investing Legal Lending Landlords 376

Housing Wire

JULY 19, 2024

In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators. We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.”

Training 365

Training Renovations Lending Clients 365

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. If home prices and lending costs moderate in 2024, significant demand could flow into the market.

Bracketing 444

Bracketing Mortgage Lending Inventory 444

Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. million loan for a borrower in Colorado who had sold his business for $8 million.

Lending 356

Lending Loan Officers Tools Mortgage 356

Housing Wire

SEPTEMBER 30, 2024

Mauricio’s Umansky’s The Agency is getting into the mortgage business. Dubbed Aclara Lending, the joint venture will start in Southern California with plans to expand in the near future. Aclara is also leveraging technology in the underwriting process.

Mortgage 367

Mortgage Lending Clients Brokerage 367

Housing Wire

AUGUST 26, 2024

By maintaining a consistent posture that is informed by the dynamics of the traditional forward mortgage business, Rate ’s reverse mortgage division has seen notable growth in the year after the appointment of new leadership. Before I even accepted the role, I did some analysis of the business,” Ogata said. “A

Mortgage 411

Mortgage Clients Lending Business 411

Housing Wire

MARCH 28, 2024

In the meantime, Kortas announced during a weekly Town Hall on Tuesday that company president Grella had been terminated, which means he will not be involved in the company’s daily operations or strategic decisions for the growth of the business. “The negotiations regarding the buyout of Mr. Grella’s ownership interest shall continue.”

Mortgage 439

Mortgage Brokerage Loan Officers Business 439

Housing Wire

APRIL 23, 2024

CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending. Guaranteed Rate is ready to help high performance producers take their business to the next level.

Loan Officers 447

Loan Officers Real Estate Business Brokerage 447

Housing Wire

MARCH 3, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations. When it comes to retaining the business of refinancing homeowners, the industry has a lot of ground to make up. The first was Q1 2023, and Q4 the second.

Lending 505

Lending Mortgage Buyers Government 505

Housing Wire

MAY 22, 2024

It represented a modest recovery for a highly underutilized option within a wider and similarly underutilized lending program sponsored by the federal government. Education and new business RMD spoke with three national managers at different lending companies who deal in the reverse mortgage product. A sleeping giant?

Mortgage 373

Mortgage Loan Officers Lending Business 373

Housing Wire

AUGUST 15, 2024

Toronto-based Bank of Nova Scotia , which operates as Scotiabank , has hired a group of JPMorgan Chase Bank executives to lead a new mortgage capital markets business that expects to launch this fall. He will lead the new business as a managing director alongside Brice Simpson and Francis Lim. billion in Cleveland-based KeyCorp.

Mortgage 364

Mortgage Finance Lending Business 364

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 396

Landlords Loan Officers Lending Contracts 396

Housing Wire

JULY 12, 2024

The performance of our consumer auto portfolio continued to improve, reflecting prior credit tightening actions, and we had net recoveries in our home lending portfolio.” Generating revenues Home lending activity brought in $1.3 . “Consumers have benefited from a strong labor market and wage increases.

Mortgage 368

Mortgage Lending Retail Business 368

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 478

Marketing Mortgage Finance Lending 478

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 453

Mortgage Finance Lending Insurance 453

Housing Wire

OCTOBER 30, 2023

In a recent interview with HousingWire, loanDepot CEO Frank Martell said the company is not chasing business that doesn’t make sense but trying “to make sure our focus is on the strategic growth areas that we think will contribute to the first-time homebuyer, diverse lending and affordable” lending.

Lending 492

Lending Retail Finance Insurance 492