Housing Wire

JULY 6, 2022

Community-development efforts eligible for the special consideration include affordable-housing lending in these lower-income rural census tracts. The post Feds release list of poor rural areas that need affordable-housing lending appeared first on HousingWire.

Lending 397

Lending Development Insurance Investing 397

Housing Wire

DECEMBER 14, 2021

Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ).

Lending 397

Lending Technology Government Investors 397

Housing Wire

JANUARY 27, 2025

The facts of the case, the bureau argues, illustrate a key point that a product that is in substance a nonrecourse reverse mortgage could, if [the contract provider in the legal case] were correct, be recharacterized in form as an equity investment in the consumers home in order to evade [the Truth in Lending Act (TILA)].

Contracts 370

Contracts Mortgage Property Taxes Law 370

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

Mortgage 417

Mortgage Valuation Lending Technology 417

Housing Wire

JULY 18, 2023

It would likely further chill jumbo lending by regional banks. ” Regarding mortgage lending, Barnum said it’s a cyclical business and they might pull back even further. Bloomberg reported that U.S. “In the recent past, it’s actually been very profitable, then it was less so.

Lending 370

Lending Mortgage Insurance Government 370

Housing Wire

NOVEMBER 7, 2024

I’m definitely noticing Congress taking a greater interest in reforming the National Flood Insurance Program (NFIP), given that we’re seeing not only repeat disaster supplementals that have to get written for uninsured losses, but also just the usage of NFIP. Insurance Services , in March.

Insurance 482

Insurance Supply Chain Real Estate Design 482

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. I think we can bridge that gap.

Mortgage 370

Mortgage Clients Lending Design 370

Housing Wire

FEBRUARY 25, 2025

Visit Easy Street Capital Constitution Lending: Best for new investors If youre a new investor, finding the best hard money lenders for beginners can make or break your chance at success. Constitution Lending prides itself on helping investors kick off their projects.

Renovations 368

Renovations Real Estate Investors Investing 368

Housing Wire

MARCH 5, 2025

With home prices at an all-time high, it’s just tough to fit folks inside that box, so FHA has definitely seen an uptick. With first-time homebuyers, if your credit score is under 720 and you have a minimal down payment, then it’s usually better going FHA, Whitley said. More renovations?

Loan Officers 339

Loan Officers Renovations Government Buyers 339

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The declaration comes 48 hours after Compass and Guaranteed Rate told of a definitive agreement to begin their own mortgage joint venture, OriginPoint. Presented by: SimpleNexus.

Mortgage 435

Mortgage Lending Brokerage Agents 435

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

Loan Officers 435

Loan Officers Retail Lending Contracts 435

Housing Wire

APRIL 9, 2024

The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. Adapting to meet the needs of an evolving homebuyer pool is vital to success in mortgage lending.

Modernization 463

Modernization Lending Legal Legal Fees 463

Housing Wire

NOVEMBER 19, 2021

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. Since HMDA was introduced, regulators’ definition of redlining has evolved.

Lending 397

Lending Modernization Tools Mortgage 397

Housing Wire

OCTOBER 15, 2024

There’s a growing curiosity about integrating reverse mortgage capabilities into existing lending platforms. This landmark development will establish uniform data standards for reverse mortgages, potentially opening the door for wider adoption and integration across the lending industry,” according to the Mortgage Cadence post. “It

Mortgage 435

Mortgage Lending Development Design 435

Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. Loans at mortgage warehouse lending , a source of liquidity to independent mortgage bankers (IMB), have good yields, short terms and are highly secured and collateralized. The bank was followed by Flagstar, with $11.8

Mortgage 468

Mortgage Lending Business Finance 468

Housing Wire

APRIL 23, 2024

This final rule will achieve this by updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act and the Internal Revenue Code.” The discussion of the product between advisers and their clients lends more credence to the product category, according to recent survey findings by WSFS Mortgage. “[The

Investing 466

Investing Investors Design Government 466

Housing Wire

FEBRUARY 4, 2021

After months of uncertainty , CoreLogic announced Thursday that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. Strategies lenders should adopt from direct to consumer lending. Sign up here.

Legal 482

Legal Investors Lending Finance 482

Housing Wire

JULY 11, 2023

This increase in home equity means more borrowers are interested in tapping into that equity, resulting in growth in the home equity lending space. We’re definitely seeing more customers come to the table and ask questions, such as, ‘What is a home equity loan? “There’s more tappable equity here than any other time in history, maybe.”

Lending 370

Lending Mortgage Technology Investing 370

Housing Wire

MAY 31, 2024

“Aided by access to capital through various sources, institutional investors had a funding advantage over smaller investors at a time when mortgage lenders were generally reducing lending,” the findings said. Additionally, technological advancements allowed companies to acquire and manage large portfolios of single-family homes more easily.”

Investors 465

Investors Inventory Government Construction 465

Housing Wire

OCTOBER 20, 2020

For eligibility for QM status under the General QM definition, the bureau proposed a price threshold for most loans as well as higher price thresholds for smaller loans. We are moving smartly but expeditiously to pull this together and enable that smooth transition.”.

Law 397

Law Mortgage Lending Business 397

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 459

Mortgage Loan Officers Lending Business 459

Housing Wire

OCTOBER 25, 2021

“Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. The key to implementing non-QM products.

Law 468

Law Lending Insurance Mortgage 468

Housing Wire

APRIL 5, 2022

Virtual” real estate shares much of the same general definitions of actual real estate. Lending is lending. Similar to consumer lending, you may consider a simplified tradeline-level AUS scorecard to deliver an instant decision to applicant(s). But we do live in a world of disclosures when lending money.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

OCTOBER 28, 2021

While the mortgage lending industry of the 1980s does not bear a lot of semblance to our experiences today, one thing everyone can agree on is that there is a great deal of pressure and heat on our streets. The heat is definitely on. . Ensuring the safety and soundness of residential mortgage originations is a pillar of lending today.

Lending 418

Lending Inventory Investors Technology 418

Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. With newer folks, there definitely is more uncertainty because if there is a squeeze, am I good enough to survive? Presented by: Black Knight. In 2020, hiring in the mortgage industry surged.

Loan Officers 468

Loan Officers Retail Business Mortgage 468

Housing Wire

OCTOBER 1, 2021

While all of this fits the standard definition, the word leadership here is the type of leader that many of us are inspired by and aspire to be — a Vanguard leader. Planet Home Lending. The following pages highlight 50 of the greatest leaders in the housing industry. It’s answers like these that showcase what it means to be a Vanguard.

Finance 459

Finance Technology Legal Valuation 459

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We Securities and Exchange Commission showed on Friday.

Mortgage 435

Mortgage Technology Investors Business 435

Housing Wire

OCTOBER 21, 2020

The Consumer Financial Protection Bureau appears to have lost an opportunity to correct a nagging issue in its definition of a qualified mortgage. A proposal in June by the CFPB to replace the 43% DTI limit with a rate-based definition of a qualified mortgage still misses the mark by a country mile.

Mortgage 418

Mortgage Lending Marketing 418

Housing Wire

OCTOBER 11, 2023

In its 9th year, the HousingWire Vanguards award offers a definitive list of the top leaders in housing who are shaping the housing economy for the better. The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change.

Realty 488

Realty Real Estate Technology Lending 488

Housing Wire

MARCH 30, 2021

In proposing to extend the date by which lenders must comply with the CFPB’s new General QM definition, we are working to provide needed options for both homeowners and lenders during a time of uncertainty and hardship.”.

Mortgage 476

Mortgage Insurance Lending Marketing 476

Housing Wire

MAY 17, 2023

Keith Lind, CEO of Acra Lending , which launched a fix and flip lending program last year, said there are a lot of “compounding issues” now facing investors in the space. “A A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

OCTOBER 18, 2023

“There’s definitely a shift and while we know there is a lot of movement going on with people losing jobs because of mergers or closures, a certain percentage are moving to brokerage instead of another retail company.” ” It doesn’t surprise me that wholesale has gained market share as refi activity has slowed.

Retail 521

Retail Loan Officers Brokerage Mortgage 521

Housing Wire

APRIL 13, 2023

The two banks announced they have signed a definitive agreement for First Federal to acquire certain assets and liabilities of BNC National Bank’s mortgage division on Wednesday. First Federal expects to retain substantially all employees to its residential lending team, Paul Ottendorf, division president of First Federal, said.

Business 397

Business Mortgage Loan Officers Lending 397

Housing Wire

APRIL 12, 2024

The authors outline six of the most common types of AI — machine learning , deep learning, natural language processing, generative AI, expert systems and cognitive computing — while excluding two others (rule-based systems and robotic process automation) that are less relevant to their definition of AI.

Technology 448

Technology Tools Investing Mortgage 448

Appraisal Buzz

APRIL 29, 2022

has entered into a definitive agreement to acquire Riverbend Funding LLC and its subsidiaries, a private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction. The post Redwood Trust Acquires Riverbend Lending to Integrate into CoreVest appeared first on Appraisal Buzz.

Lending 150

Lending Real Estate Investors Finance 150

Housing Wire

MARCH 8, 2025

In almost any retail shop but definitely in the wholesale community there is no system that goes end to end with a seamless flow that allows for all of those things to really come together. Sanchez: Why did you choose them for this first tight integration with your platform? Sanchez: You have a big technology team at UWM.

Technology 221

Technology Retail Training Mortgage 221

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. What has definitely changed, as the market mix has shifted, is the interest in non-QM from traditional lenders and brokers. HousingWire: How is the shift from refi to purchase affecting the non-QM market?

Marketing 418

Marketing Investors Technology Loan Officers 418