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.

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Lending Technology Tools Loan Officers 305

Housing Wire

AUGUST 17, 2022

Securities and Exchange Commission (SEC) over insider-lending allegations brought against the bank and its former top executive, Ronald Paul. The bank, which operates a mortgage-lending unit, along with its holding company, Eagle Bancorp Inc., EagleBank , one of the largest community banks in metro Washington, D.C.,

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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%,

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Mortgage Government Buyers Contracts 487

Housing Wire

AUGUST 6, 2024

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

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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.

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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.

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Finance Loan Officers Real Estate Development 462

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%

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Housing Wire

JANUARY 2, 2025

Government lending programs saw mixed results as applications for Federal Housing Administration (FHA) loans fell by 60 bps to a market share of 16.6%, while applications for Department of Veterans Affairs (VA) loans rose by 50 bps to a share of 15.7%. For the week ending Dec. Rates for 30-year jumbo loans jumped 14 bps to 7.13%.

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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.

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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%.

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Mortgage Government Lending Contracts 322

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.

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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.

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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.

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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.

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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.

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Mortgage Construction Lending Real Estate 388

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.

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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.

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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.

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Inventory Construction Government Housing Market 538

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.

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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.

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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.

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Contracts Technology Architecture Government 331

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.

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Mortgage Renovations Appraisal Process Finance 436

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.

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Insurance Easement Real Estate Investing 515

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.

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Mortgage Loan Officers Government Buyers 355

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%

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Housing Wire

DECEMBER 17, 2024

Bon Salle oversaw various aspects of the government-sponsored enterprise’s single-family lending business, directing a $3.5 Before joining Home Point, the mortgage leader served as executive vice president of single-family business and senior vice president of underwriting at Fannie Mae. trillion credit portfolio.

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Business Contracts Government Lending 253

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.

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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.

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Mortgage Lending Retail Business 365

Housing Wire

MARCH 22, 2021

With that announcement came a modification to the UWM-broker contract, making note of significant financial penalties for violating this new policy. Take fair lending concerns for a minute. And if the borrowers are minority applicants, are there any fair lending implications that should be considered? I was astonished, frankly.

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Business Retail Mortgage Lending 539

Housing Wire

DECEMBER 4, 2024

The MBA reported that the average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) dropped by 17 bps during the week to 6.69%, the lowest level in more than a month, according to Kan. But government loans trended slightly upward. in the prior week. the previous week.

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Mortgage Inventory Government Contracts 302

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%

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Lending Renovations Real Estate Finance 256

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Mortgage Technology Investing Investors 445

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.

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Mortgage Technology Buyers Lending 335

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.”

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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.

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Supply Chain Real Estate Architecture Brokerage 306

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,

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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.

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