Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

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Mortgage Government Retail Lending 502

Housing Wire

JUNE 21, 2024

” According to the announcement released on Tuesday, real estate and mortgage firms can incorporate Identify throughout the consumer experience to verify or reconfirm a person’s identity for any information-sensitive transaction.

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Design Tools Clients Government 367

Housing Wire

JULY 2, 2024

Over 20 years ago, the federal government established June as National Homeownership Month to celebrate the value of homeownership and its benefits, including enabling generational wealth and creating strong communities. Americans are growing weary of the lack of action from the federal government on housing.

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Government Housing Market Modernization Retail 310

Appraisal Buzz

JUNE 7, 2024

Mortgage credit availability increased in May, according to the Mortgage Credit Availability Index (MCAI) , a report from the Mortgage Bankers Association (MBA) based on data from ICE Mortgage Technology. The Conventional MCAI climbed by 0.3%, while the Government MCAI fell by 0.1%. The MCAI increased by 0.1%

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Mortgage Government Design Lending 343

Appraisal Buzz

AUGUST 5, 2024

At this year’s Five Star Conference 2024 , the Mortgage Servicing Forum will bring together experts from the loss mitigation and compliance space to discuss the impact this market will experience in an uncertain election year. The Mortgage Servicing Forum , set for Wednesday, September 25 from 1:30 p.m.-5:00

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Mortgage Government Law Design 411

Housing Wire

JANUARY 5, 2022

Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.

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Mortgage Insurance Design Government 493

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles. Is it right for the client?”

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Mortgage Clients Loan Officers Lending 513

Appraisal Buzz

NOVEMBER 20, 2024

Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. percent, while the Government MCAI increased by 0.4 percent, while the Government MCAI increased by 0.4

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Mortgage Government Design Construction 418

Housing Wire

JULY 23, 2024

Blueprint Solutions , a mortgage technology company that offers income verification tools for the industry, announced this week that it is implementing Fannie Mae ’s Income Calculator into its two primary software offerings. Blueprint offers two variations of mortgage income analysis software, “IncomeXpert” and “IncomeXpert PLUS.”

Mortgage 374

Mortgage Tools Technology Clients 374

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0

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Development Mortgage Design Government 382

Housing Wire

JANUARY 13, 2025

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options.

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Mortgage Legal Insurance Development 379

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. government.

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Lending Advertising Mortgage Government 371

Housing Wire

JUNE 21, 2024

The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program. The pilot program includes several limitations to the types of loans the government-sponsored enterprise will be allowed to purchase.

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Mortgage Marketing Design Insurance 438

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

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Technology Mortgage Investors Investing 474

Housing Wire

JANUARY 22, 2024

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. Coggiola will be responsible for Polly’s product, implementation, support and design teams, working toward seamless cross-organization collaboration. before it was acquired by ICE in 2020.

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Technology Mortgage Loan Officers Clients 358

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

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Mortgage Tools Design Development 367

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

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Insurance Mortgage Property Taxes Design 395

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Government Finance Renovations Design 529

Housing Wire

JANUARY 5, 2021

But the truth is, your down payment depends on your lender, credit score and the type of mortgage you qualify for. A down payment is the money you pay upfront when applying for a mortgage to buy a home. For most mortgages, lenders require a down payment. Here’s what to expect in the mortgage application process.

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Insurance Government Buyers Real Estate 546

Housing Wire

OCTOBER 5, 2023

Industry-leading lender Movement Mortgage will become an “early adopter” of FICO Score 10 T, the updated credit scoring model designed to take advantage of trended data information to help expand mortgage approval rates.

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Mortgage Lending Finance Design 408

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

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Real Estate Real Estate Agent Mortgage Agents 451

Housing Wire

AUGUST 20, 2024

After dropping significantly during the first two weeks of August, mortgage rates have plateaued ahead of a key economic announcement on Friday. The federal funds rate has remained unchanged since July 2023, the last in a series of hikes designed to rein in 40-year high inflation. Powell is expected to deliver an update on U.S.

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Mortgage Loan Officers Buyers Realtors 419

Housing Wire

OCTOBER 2, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. Companies are pressured to launch new initiatives to attract brokers and land more purchase businesses due to high mortgage rates.

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Government Finance Design Mortgage 452

Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing. To do that, we must make sure everyone has access to information about our programs.

Mortgage 400

Mortgage Insurance Tools Law 400

Housing Wire

MARCH 10, 2023

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. Non-qualified mortgages will continue to be the dominant product in the broker channel, the company said.

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Mortgage Retail Design Sellers 337

Housing Wire

APRIL 25, 2024

Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO). Among a series of 24 examples of federal financial literacy programs for these groups, the U.S.

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Mortgage Government Law Design 332

Housing Wire

SEPTEMBER 17, 2021

The mortgage industry must be proactive in examining programs that can help borrowers recover from — and remain resilient to — disasters like these. The mortgage industry immediately recognized the need to help borrowers who were impacted by COVID-19 and would be unable to make their mortgage payments as a result.

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Mortgage Technology Insurance Government 433

Housing Wire

AUGUST 15, 2024

Why many would forego homeownership during a challenging mortgage market is easy to understand. Mortgage rates have remained stubbornly high, and as of June 2024, Fannie Mae forecasts the average 30-year fixed mortgage rate will fall to only 6.7% Since lenders take on less risk, they can offer more mortgages to homebuyers.

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Government Insurance Finance Mortgage 418

Housing Wire

DECEMBER 6, 2023

Government-sponsored enterprise (GSE) Freddie Mac on Wednesday announced further enhancements to its Condo Project Advisor tool that are designed to “streamline” such loan originations and to offer lenders “greater security” through a new designation, according to an announcement.

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Tools Design Finance Housing Market 417

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 416

Mortgage Clients Insurance Tools 416

Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct. The policy — announced in May by the U.S.

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Reconsideration of Value Appraisal Design Valuation 370

Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. The country was in the middle of the financial crisis, as the consequences of the deceptive mortgage lending practices from all the years prior came crashing down.

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Marketing Lending Design Government 459

Housing Wire

OCTOBER 18, 2021

Forbearance declined across the board this week as government agencies and industry stakeholders chart a path out of forbearance and into loss-mitigation. 10, 2021, per the latest report from the Mortgage Bankers Association. As government forbearance plans wind down, the focus is increasingly shifting to loss-mitigation efforts.

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Government Investors Finance Design 406

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. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Modernization Government Contracts Insurance 356

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. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

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Mortgage Technology Investing Investors 469

Housing Wire

NOVEMBER 6, 2023

Policymakers and the mortgage industry must reckon with historical and present-day barriers that lock would-be homebuyers of color out of the market altogether,” according to the report published on Monday. In terms of adopters, government-sponsored enterprises (GSEs), large mortgage lenders and fintech firms have used AI.

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Government Training Tools Design 352

Housing Wire

MARCH 18, 2024

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

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Valuation Reconsideration of Value Tools Technology 376