Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

Lending 398

Lending Technology Tools Loan Officers 398

Housing Wire

JULY 27, 2022

As agencies seek best practices, this is indicative of more specific requirements for banks, lending institutions and entities that have access to sensitive borrower data and recordable instruments. The post Fraud risk continues to rise even as the market contracts appeared first on HousingWire.

Contracts 365

Contracts Marketing Law Agents 365

Housing Wire

JUNE 5, 2024

Fratantoni noted that government purchase volume was down less, aided by growth in U.S. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. Department of Veterans Affairs (VA) loan applications. The refinance share of mortgage activity decreased to 31.1%

Mortgage 477

Mortgage Government Contracts Lending 477

Housing Wire

FEBRUARY 23, 2024

TCB claims that it dealt with Ginnie Mae in good faith, having lent “millions of dollars in much-needed financing to help the collapsing [RMF] continue making payments to senior citizens as part of a mortgage program critical to the federal government.” Ginnie Mae accordingly implored TCB to lend money to RMF.

Government 442

Government Contracts Finance Lending 442

Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. The government made the filing Saturday, June 15.

Government 449

Government Mortgage Law Contracts 449

Housing Wire

OCTOBER 9, 2024

Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” MBA data showed that government lending continues to represent a steady share of the mortgage market. For the week ending Oct.

Mortgage 458

Mortgage Government Retail Contracts 458

Housing Wire

MAY 15, 2024

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. The second recommendation is a straightforward request to increase the company’s budget.

Modernization 454

Modernization Government Contracts Insurance 454

Housing Wire

JUNE 13, 2023

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. While the Conventional MCAI, which does not include loans backed by the government, decreased 2.3%, the Government MCAI, which examines FHA, VA, and USDA loan programs, fell by 3.8%.

Mortgage 370

Mortgage Government Lending Contracts 370

Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. while the Jumbo MCAI measuring high-balance loans rose 2.2%, and the Conventional MCAI that measures loans not backed by the government rose 4.8%. Department of Agriculture fell by.1%,

Mortgage 542

Mortgage Lending Government Contracts 542

Housing Wire

JANUARY 17, 2024

He left for Freddie Mac in 1995, where he was senior vice president of single family lending and led product development, credit risk and contract negotiations for all single family businesses. He left government service and became president of the Mortgage Bankers Association.

Finance 493

Finance Loan Officers Real Estate Development 493

Housing Wire

SEPTEMBER 11, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. 2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. 7% while the Jumbo MCAI measuring high-balance loans rose.2%, Department of Agriculture rose.3%,

Mortgage 498

Mortgage Government Buyers Contracts 498

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin.

Mortgage 398

Mortgage Finance Lending Development 398

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

Lending 364

Lending Renovations Real Estate Finance 364

Housing Wire

JANUARY 27, 2022

Also, the bank failed to audit the software for compliance with government requirements, allowing life-changing error to remain uncorrected for years. One caveat: the government provided a free tool for the bank, but Wells Fargo decided to use its own software, according to the lawsuit.

Mortgage 436

Mortgage Government Contracts Tools 436

Housing Wire

JANUARY 26, 2022

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased from 3.64% to 3.72%. The keys to lending in a post-refi boom world. The relative weakness in government purchase activity continues to contribute to higher loan sizes. Presented by: CIVIC Financial.

Mortgage 370

Mortgage Government Contracts Lending 370

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. It is appraisers who are destroying the message.

Appraisal 140

Appraisal Valuation Lending Contracts 140

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. Planet Home Lending delivers home loans backed by Fannie Mae , Freddie Mac , VA, FHA and USDA in 47 states, Washington, D.C.

Mortgage 398

Mortgage Construction Lending Real Estate 398

Housing Wire

FEBRUARY 16, 2024

The DOJ also noted that this type of conditional offer is permitted under federal government lending programs, thus requiring no changes to lending regulations. Originally filed in 2020 in U.S.

Sellers 461

Sellers Buyers Real Estate Contracts 461

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. contraction. Fannie Mae raised its first quarter GDP forecast to grow 0.9%

Construction 398

Construction Lending Finance Mortgage 398

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 461

Contracts Investors Investing Market Value 461

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. REALITY: The appraisal process is similar to conventional and other government-sponsored loans. David Smith is the VP of National VA Lending at loanDepot.

Mortgage 469

Mortgage Renovations Appraisal Process Finance 469

Housing Wire

MAY 13, 2022

Today we are seeing a more governed and purpose-oriented approach to networks of blockchains. Today, established actors in settlement services are collaborating on the same ledger with the same form of smart contract to eliminate transaction overheads. Distributed Ledger Technologies are the Backbone of Blockchains.

Contracts 371

Contracts Technology Architecture Government 371

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

Mortgage 398

Mortgage Loan Officers Government Buyers 398

Housing Wire

JANUARY 12, 2024

billion in home loans, representing only 23% of the $108 billion volume in the previous year, when it was still the kingfish in correspondent lending. Home lending revenues declined to $3.3 Home lending revenues declined to $3.3 Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space.

Mortgage 476

Mortgage Lending Retail Business 476

Appraisal Buzz

JUNE 7, 2024

In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues. Chopra previously served at the CFPB from 2010-2015.

Contracts 195

Contracts Insurance Legal Business 195

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

Supply Chain 370

Supply Chain Real Estate Architecture Brokerage 370

Housing Wire

APRIL 3, 2023

Federal Reserve lending to banks through its discount window and the new Bank Term Lending Program created in the wake of SVB ’s failure stood at a combined $152.6 we expect that stress on smaller banks could result in a tightening of lending standards ,” the research report says. No, it’s not.” In the U.S,

Lending 398

Lending Mortgage Valuation Business 398

Housing Wire

MAY 13, 2024

The groups also request “sufficient data to evaluate the impact” of the new representative score calculations, as well as “sufficient detail” to evaluate the accuracy “and fair lending analysis” of bi-merge combinations.

Legal 449

Legal Mortgage Contracts Insurance 449

Realtor

NOVEMBER 1, 2023

Getting under contract Signing a contract to purchase a home comes next. VA appraisal Once a veteran is under contract, their lending team will order an appraisal, which is conducted by an independent VA appraiser. of Veterans Affairs or any government agency; does not reflect DOD endorsements.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

Housing Wire

DECEMBER 7, 2020

2) Tighten lending standards, so there are fewer buyers that qualify for the existing inventory. I propose that the federal government allocate funds via significant deficit financing to any state that wants to build homes right away. Since this is on the government tab, the builders won’t care so much about profit margins being met.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

JUNE 21, 2022

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. In fact, our industry is so important that throughout the COVID-19 pandemic, title insurance professionals were deemed essential by the federal government.

Insurance 519

Insurance Easement Real Estate Investing 519

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Bank Home Mortgage and Planet Home Lending declined to comment.

Buyers 420

Buyers Agents Loan Officers Real Estate 420

Housing Wire

MAY 5, 2022

The days of 45-60 day processing times in mortgage lending will simply not satisfy, nor survive. Non-QM loan products, and government assistance for first-time home buying will be more prevalent in the coming months and years. According to Edison Research , 38% of 18-34 year-olds take on these roles, the highest of any age group.

Mortgage 370

Mortgage Technology Buyers Lending 370

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

Marketing 398

Marketing Contracts Technology Mortgage 398

Housing Wire

DECEMBER 13, 2023

Bank contraction In addition to the reduced role of the Fed in the MBS market, the banking industry and other investors also have pulled back from MBS purchases in the wake of financial pressures sparked by rising rates — as well as plans by regulators to tighten bank capital-reserve rules.

Mortgage 435

Mortgage Marketing Investors Lending 435