Housing Wire

JULY 12, 2024

Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage Lenders of America (now Community Home Lenders of America). Sarah Wheeler: You went from leading a mortgage company to starting a consulting company on artificial intelligence. Give me my task, let’s go.”

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Design Training Business Real Estate 474

Housing Wire

JUNE 29, 2023

Fannie Mae has issued a mortgage fraud alert for lenders in northern California, warning of heightened instances of misrepresented child support income in “numerous loans” that have been originated in the region over the past few months. The GSE highlighted four hallmarks of such a scheme.

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Real Estate Agent Mortgage Design Real Estate 435

Housing Wire

SEPTEMBER 6, 2024

The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. Home Equity Conversion Mortgage (HECM) endorsements fell by 3.3% Guild Mortgage (10.2%), Mutual of Omaha Mortgage (4%) and Longbridge Financial (0.7%) also posted gains. reduction in August.

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Mortgage Finance Design Marketing 475

Housing Wire

JANUARY 29, 2024

Despite looking a bit different at the end of 2023, there were a lot of similarities in the full-year Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) issuance tables when compared to recent years. FAR Longbridge +1 3 PHH Mortgage 16.3% PHH Mortgage TMAC +2 6 Guild Mortgage 2.7% MAM Plaza +1 9 Sun West 0.5%

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Mortgage Finance Home Value Design 481

Housing Wire

JULY 29, 2022

million note offering backed by a reference pool of single-family mortgages valued at $20.4 This latest CAS transaction, CAS 2022-R08, involves a reference pool of 67,644 single-family mortgage loans. trillion in single-family mortgage loans, measured at the time of the transaction. CAS 2022-R06 involved a $754.4

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Insurance Investors Mortgage Design 397

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 million single-family mortgages.

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Investors Design Mortgage Finance 370

Housing Wire

MAY 21, 2023

Lender Price , a leading provider of mortgage loan product and pricing technology, has launched Base Price Solution (BPS), a new pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies. By automating the process, pricing updates save time and reduce the risk of manual errors. ”

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Tools Design Technology Marketing 397

Housing Wire

FEBRUARY 7, 2024

Longtime reverse mortgage industry professional Bruce Simmons of American Liberty Mortgage in the Denver area has long used radio as both an educational and marketing tool for prospective reverse mortgage clients. I’ve done a couple reverse mortgages for this host’s parents, so he’s an excellent spokesperson.

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Mortgage Advertising Clients Design 435

Housing Wire

SEPTEMBER 9, 2020

Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021.

Mortgage 465

Mortgage Lending Investors Legal 465

Housing Wire

OCTOBER 1, 2024

RESPA Section 8 and CFPB Regulation X maintain firm prohibitions against kickbacks and unearned fees, with particular statutory exemptions, about all settlement services involving federally related mortgage loans. A mere possession of a shell real estate license does not meet this designation. ” 12 U.S.C. Express Co.,

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Agents Real Estate Real Estate Agent Brokerage 435

Housing Wire

APRIL 27, 2023

The Consumer Financial Protection Bureau (CFPB) issued guidance this week for debt collectors seeking to foreclose on homes with mortgages past the statute of limitations, also known as “zombie mortgages.” ” Time-barred debt refers to debt in which the statute of limitations has expired.

Mortgage 370

Mortgage Law Valuation Design 370

Housing Wire

OCTOBER 23, 2024

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. The new feature will help customers to quickly consolidate high-interest mortgage debt.

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Loan Officers Lending Design Technology 435

Housing Wire

AUGUST 5, 2024

billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like home-based care. This is referred to as a ban on “home equity theft,” according to AARP. Massachusetts Gov. Maura Healey (D) has signed a $57.8

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Transportation Law Design Insurance 448

Housing Wire

JULY 31, 2024

Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. So, I wouldn’t necessarily attribute that to the reverse mortgage sector.”

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Development Design Mortgage Insurance 447

Housing Wire

NOVEMBER 9, 2023

The UCD is a reference file that lenders use to share key information about a mortgage loan with organizations like Fannie Mae and Freddie Mac, particularly about the Closing Disclosure (CD) that outlines the final details of a mortgage loan.

Design 435

Design Government Technology Mortgage 435

Housing Wire

SEPTEMBER 20, 2024

Senate bill introduced this past December that targets mortgage trigger leads, has been incorporated into the fiscal year 2025 National Defense Authorization Act (NDAA). This is a bill that Congress must pass each year, since it refers to laws that specify the annual budget for the U.S. Department of Defense (DOD).

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Law Loan Officers Design Mortgage 459

Housing Wire

AUGUST 31, 2022

Freddie Mac notched record credit-risk transfer (CRT) issuances of some $15 billion during the first half of this year, protecting $358 billion in single-family mortgages. billion, protecting $151 billion in single-family mortgages. For the second quarter alone, Freddie Mac also posted record CRT issuance of $6.5

Insurance 370

Insurance Investors Mortgage Design 370

Housing Wire

NOVEMBER 13, 2022

This is the second time this year that the Fed empire has struck back after mortgage rates made a move lower. If mortgage rates started to go toward 5% and stay there, their job-loss recession forecast would be harder to obtain next year. Currently, the 10-year yield has made a reversal and is already heading higher toward 3.90%.

Mortgage 397

Mortgage Housing Market Marketing Design 397

Housing Wire

JUNE 28, 2024

After initially announcing the development of a new Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program in January, government-owned company Ginnie Mae — which oversees the government’s mortgage-backed securities (MBS) portfolio — released a highly anticipated term sheet this week for what is being referred to as “HMBS 2.0.”

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Development Design Mortgage Government 397

Housing Wire

JUNE 25, 2024

Over the years, players across the real estate and mortgage industry have made use of computer models to estimate a property’s value,” Chopra and Martinez wrote. “On As these models grow in complexity to incorporate more and more variables, they can resemble what many people often refer to as artificial intelligence.” businesses.

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Appraisal Real Estate Valuation Law 397

Housing Wire

JUNE 20, 2024

reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. RMD reached out to FOA for comment on the move, but a spokesperson referred any questions back to the SEC filing.

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Finance Investors Retail Investing 459

Housing Wire

SEPTEMBER 22, 2022

Fannie Mae has finalized its ninth Credit Insurance Risk Transfer (CIRT) transaction of the year, transferring some $700 million of mortgage credit risk to private insurers and reinsurers, the agency announced. The deal, CIRT 2022-9, involves a covered loan pool of 69,000 single-family mortgages valued at $21 billion.

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Insurance Design Mortgage 369

Housing Wire

JUNE 13, 2022

Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers. The agency pays monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools.

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Insurance Mortgage Design Finance 397

Housing Wire

JANUARY 13, 2021

Achieving Touchless Mortgage Automation. Effective solutions must be purpose-built for mortgages, rather than adapted horizontal technology. In this webinar, experts at SoftWorks AI and Tavant discuss critical components of a mortgage automation solution and how to evaluate technologies that best fit your business’ needs.

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Technology Development Design Business 539

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. Department of Justice (DOJ), which refers to a civil action filed in November 2018, does not bring the determination of liabilities, the DOJ said.

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Investors Law Design Mortgage 370

Housing Wire

MARCH 7, 2024

The mortgage relief credit would provide “middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years,” according to the announcement. This would act as an equivalent to reducing the mortgage rate by more than 1.5% on a median-priced home for two years, and it is estimated to “help more than 3.5

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Construction Renovations Insurance Landlords 535

Housing Wire

AUGUST 2, 2023

AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Lenders typically use appraisal management companies (AMCs) to transfer the compliance burden associated with AIR.

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Appraisal Valuation Design Modernization 369

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. We all watched the live stream from Times Square. “Homepoint was fantastic.

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Mortgage Lending Business Technology 418

Housing Wire

JULY 22, 2022

The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector. Through the CIRT transaction, a portion of the credit risk on mortgages backed by Fannie Mae is shifted to insurers in the private sector.

Insurance 370

Insurance Mortgage Design Marketing 370

Housing Wire

NOVEMBER 21, 2022

The COVID-19 pandemic brought interest rates to record lows and spurred a $4 trillion purchase and refinance mortgage boom in 2021. trillion in mortgage origination volume in 2022. The solution is designed to scale the production of single-family entry-level homes for sale in the Convergence pilot cities of Memphis, Tenn.,

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Design Finance Government Business 397

Housing Wire

SEPTEMBER 17, 2024

Participating agencies that are unable to provide virtual and/or remote meeting flexibilities or in person counseling to clients who need them are required to refer those in need of services to other agencies.” The final rule is slated to go into effect on Oct. It was originally proposed in Oct.

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Advertising Transportation Clients Design 448

Housing Wire

DECEMBER 10, 2021

In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. Non-QM mortgages also go to a slice of borrowers facing credit challenges — such as a recent bankruptcy or slightly out-of-bounds credit scores.

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Lending Finance Mortgage Government 497

Housing Wire

JANUARY 25, 2022

With the implosion of the Private Label Securities (PLS) market after the subprime fiasco in 2008, Fannie Mae and Freddie Mac (along with FHA) have assumed an increasing market share of the origination of 30-year fixed rate mortgages. The argument is that “private markets” should have more mortgage market share. This seems ludicrous.

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Marketing Design Government Mortgage 370

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. million consent order with Trident Mortgage Co.,

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Lending Advertising Design Loan Officers 321

Housing Wire

MAY 18, 2021

Here’s what to expect in the mortgage application process. Buying your dream home starts with being a well-prepared buyer and beginning the mortgage application process before you even look at homes. Christensen, president of design-build firm Estate Homes. “Prices spiked through the roof,” Pullin said.

Real Estate 468

Real Estate Marketing Real Estate Agent Agents 468

Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. It all starts with the standard appraisal forms used in the mortgage process. There are numerous reasons for this hesitancy.

Appraisal 397

Appraisal Design Lending Technology 397

Housing Wire

MARCH 24, 2023

Artificial intelligence refers to computer systems designed to perform tasks that usually require human intelligence, such as recognizing speech, identifying patterns or making decisions. ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. But first things first.

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Loan Officers Legal Development Design 497