Housing Wire

OCTOBER 23, 2024

Department of the Treasury ’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. territories including Guam and Puerto Rico.

Development 403

Development Investing Finance Government 403

Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca joined loanDepot as an underwriter in 2013 and became vice president of lending operations in 2021. billion in mortgages, down from $5.3 billion in the previous quarter.

Lending 372

Lending Mortgage Tools Development 372

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 401

Lending Technology Loan Officers Clients 401

Housing Wire

OCTOBER 17, 2024

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions. According to Guild, Guerra is tasked with developing and expanding its programs, policies, and initiatives directed toward attainable homeownership.

Lending 387

Lending Government Development Mortgage 387

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

Lending 373

Lending Renovations Legal Real Estate 373

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Morgan have done a great job of developing those channels for securitizations. Lenders like J.P.

Lending 448

Lending Inventory Mortgage Finance 448

Housing Wire

SEPTEMBER 30, 2024

The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 With the rise of private lending comes an increase in competition, from new and traditional lenders.

Lending 360

Lending Technology Client Relationships Tools 360

Housing Wire

NOVEMBER 16, 2023

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners.

Technology 396

Technology Lending Development Mortgage 396

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

Lending 385

Lending Mortgage Technology Tools 385

Housing Wire

JUNE 25, 2024

Anaheim, California -based nonbank Change Lending on Tuesday announced the hiring of Madison Simm as its new chief financial officer. He comes to Change Lending after a stint as president of real estate at Texas Capital Bank. I am thrilled to join Change Lending as CFO,” Simm said. Department of the Treasury since 2018.

Lending 288

Lending Renovations Real Estate Investors 288

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 343

Lending Technology Training Investing 343

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 381

Lending Finance Legal Contracts 381

Housing Wire

OCTOBER 7, 2024

This approach integrates QC principles throughout the lending process, from application to servicing. This focus aligns with Fannie Mae’s QC requirements and reflects the growing importance of data in the lending process.

Lending 418

Lending Mortgage Training Technology 418

Appraisal Buzz

DECEMBER 20, 2024

Candice McNaught has joined Planet Home Lending , a national mortgage lender, servicer, and asset manager, as senior vice president, business development and strategic initiatives for the distributed retail channel. Were excited to have her onboard as we continue to enhance Planets growth and strategic initiatives,Dubeck adds.

Development 195

Development Lending Business Loan Officers 195

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company.

Lending 331

Lending Mortgage Loan Officers Real Estate 331

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending. And if they’re interested, that’s great.”

Lending 344

Lending Mortgage Training Business 344

Housing Wire

NOVEMBER 16, 2023

Nonbank originator Change Lending and the U.S. Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).

Lending 357

Lending Finance Contracts Development 357

Housing Wire

DECEMBER 10, 2024

announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. James Hecht, the companys CEO , said, We are confident that Gabes leadership will bring fresh energy and innovative strategies to our 55-plus lending division.

Lending 293

Lending Clients Training Mortgage 293

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 348

Investing Mortgage Lending Loan Officers 348

Housing Wire

JANUARY 11, 2024

Department of Housing and Urban Development (HUD)], stated that FHA disagrees with Ginnie Mae’s position.” These include TCB’s assertion that in March 2023, “the FHA’s current Commissioner, who also holds the title of Assistant Secretary of Housing And Federal Housing Commissioner at [the U.S. 17, 2024.”

Lending 401

Lending Government Legal Law 401

Housing Wire

DECEMBER 19, 2024

Planet Home Lending announced Thursday that it has hired Candice McNaught as senior vice president of business development and strategic initiatives for its distributed retail channel. She formerly held posts at Supreme Lending and NFM Lending. billion, per Modex data.

Lending 312

Lending Loan Officers Retail Modernization 312

Housing Wire

JUNE 28, 2024

Regardless of whether an operational or technical solution to this problem is employed, all of the automation in the industry won’t save money if each lender doesn’t individually develop a strategy to achieve the all-important goal of subtraction.

Lending 315

Lending Mortgage Technology Training 315

Housing Wire

SEPTEMBER 23, 2024

California -based mortgage lender loanDepot has hired military advocate Bryan Bergjans as part of an effort to boost its lending capacity in the U.S. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development.

Retail 398

Retail Lending Loan Officers Mortgage 398

Appraisal Buzz

NOVEMBER 19, 2024

This decline in small-dollar mortgage lending has had a significant impact on homeownership in the U.S., The “Socioeconomic Consequences” report explores the decline in small-dollar mortgage lending and its impact on homeownership in three U.S. particularly in low-income communities. cities: Philadelphia, Pennsylvania; St.

Lending 418

Lending Mortgage Investors Development 418

Housing Wire

APRIL 24, 2024

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

Real Estate 458

Real Estate Realty Project Management Realtors 458

Appraisal Buzz

JUNE 27, 2024

Still , Vice Chair, Pulte Financial Services Sheri Thompson , EVP, Head of Affordable Housing, Walker & Dunlop Eileen Tu , VP, Mortgage Policy and Credit Development, Rocket Mortgage John Wiechmann , President/CEO, Midwest Housing Equity Group Inc.

Development 395

Development Finance Tenants Lending 395

Housing Wire

MAY 24, 2022

Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process. The desire to invest in appraisal modernization came in third place, with 29% of lending institutions reporting that this was a top-of-mind investment.

Modernization 497

Modernization Appraisal Lending Investing 497

Housing Wire

FEBRUARY 7, 2024

The GSEs should “increase certain loan purchases” in Duty to Serve markets; develop new and accessible loan products and programs; and evaluate new business partnership opportunities. Better loan products to serve “high-needs rural regions” should also be developed.

Land Lease 423

Land Lease Law Finance Government 423

Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists. from 2012 to 2021.

Government 522

Government Lending Development Legal 522

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 445

Technology Development Real Estate Valuation 445

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”.

Lending 545

Lending Finance Mortgage Investors 545

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology.

Retail 381

Retail Lending Design Technology 381

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

Landlords 396

Landlords Loan Officers Lending Contracts 396

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence.

Mortgage 403

Mortgage Lending Development Design 403

Housing Wire

JULY 8, 2024

We believe that combining the Archwest team’s deep lending and operational capabilities with a bespoke capital solution from Bain Capital sets Archwest up to be the leader in the non-owner occupied residential lending space.” housing stock,” David DePrez, managing director for Bain Capital, said in prepared remarks. “We

Investing 376

Investing Legal Lending Landlords 376

Housing Wire

JANUARY 9, 2024

360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development.

Training 383

Training Mortgage Lending Real Estate 383

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. AFR offers agency, nonagency and government lending products.

Lending 358

Lending Renovations Construction Finance 358