Housing Wire

MAY 16, 2024

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. Department of Veteran Affairs (V.A.) loans but only for refinances. 0% down During UWM Live!

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Insurance Agents Real Estate Agent Mortgage 456

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . billion, did not have the required NFIP coverage.

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Insurance Mortgage Realtors Design 349

Housing Wire

FEBRUARY 22, 2022

Federal finance and housing regulators today issued a statement to assure lenders they are on the same page when it comes to special purpose credit programs. Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing.

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Lending Development Finance Law 314

Housing Wire

OCTOBER 3, 2024

“It’s the fear of the unknown,” said McGrath, whose lending company is based in Florida. “I’m in Houston and Dallas predominantly and lend a bit in Kentucky and Ohio, where we have low-balance loans, and it’s a legitimate struggle. What keeps McGrath up at night? “Something needs to be done.”

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Insurance Technology Lending Business 331

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”.

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Finance Valuation Insurance Lending 476

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. Mike Cagney, SoFi. billion across these deals.

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Housing Wire

SEPTEMBER 23, 2020

There’s a mainstay in mortgage finance poised to help in working from home. The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member?

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Renovations Insurance Home Improvement Design 541

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. Inside Mortgage Finance (IMF) first reported on the topic. These loans are also highly secured and collateralized.

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Lending Finance Investors Insurance 290

Housing Wire

JULY 27, 2023

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. Community banks would not be impacted.

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Lending Mortgage Insurance Modernization 341

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Condos in Florida have to be next level,” said one retail lending executive. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. . Condos are hard.

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Marketing Mortgage Finance Lending 478

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. The situation in Los Angeles is heartbreaking.

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Insurance Mortgage Clients Finance 310

Housing Wire

DECEMBER 1, 2021

As the housing market changes, so does lending fraud. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection. He set his sights on CapLOC , a North Carolina-based mortgage lender, and tried to sell CapLOC First Mortgage Company’s lending arm.

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Mortgage Insurance Lending Government 516

Housing Wire

APRIL 5, 2022

To boot, one of the first financing transactions on record was made in January 2022 by technology firm TerraZero. Lending is lending. Similar to consumer lending, you may consider a simplified tradeline-level AUS scorecard to deliver an instant decision to applicant(s). It was a $45,000 purchase in Decentraland.

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Real Estate Mortgage Property Taxes Law 532

Housing Wire

JUNE 11, 2024

In practice, the direct endorsement authority allows lenders to underwrite single-family mortgages and submit them to FHA for insurance endorsement. Inside Mortgage Finance first reported on the topic. Open Mortgage has continued to operate in the forward lending space. The effective termination date is May 20.

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Mortgage Insurance Loan Officers Lending 404

Housing Wire

OCTOBER 30, 2023

In a recent interview with HousingWire, loanDepot CEO Frank Martell said the company is not chasing business that doesn’t make sense but trying “to make sure our focus is on the strategic growth areas that we think will contribute to the first-time homebuyer, diverse lending and affordable” lending.

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Lending Retail Finance Insurance 492

Housing Wire

SEPTEMBER 19, 2024

Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident. The negative impacts of higher rates have also pushed seniors to seek out more expensive traditional financing instruments, he explained. “We

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Mortgage Finance Lending Insurance 453

Housing Wire

JULY 7, 2022

Top brass at Fannie Mae, in a Thursday webinar discussing its new equitable housing finance plans, argued it can. Another cornerstone of Fannie Mae’s equity plan is the use of targeted lending programs. But many lenders remain skeptical of targeted lending programs, preventing widespread adoption.

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Lending Insurance Development Mortgage 424

Housing Wire

OCTOBER 3, 2024

“It’s the fear of the unknown,” said McGrath, whose lending company, Republic State Mortgage , has a presence in Florida. “I’m in Houston and Dallas predominantly and lend a bit in Kentucky and Ohio, where we have low-balance loans, and it’s a legitimate struggle,” McGrath said. ”

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Insurance Technology Lending Business 249

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. The home-only lending market presents several major opportunities.

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Business Finance Lending Buyers 429

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Comments from the mortgage industry are due by May 31.

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Insurance Development Mortgage Government 508

Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

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Housing Wire

JANUARY 18, 2022

Clients will be able to finance 100% of their purchase…and do this faster than a conventional mortgage,” the company said. “By As a direct lender that is already licensed, audited, and insured, Milo is able to stand behind its commitment to lend its clients,” Milo said.

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Mortgage Clients Real Estate Technology 500

Housing Wire

FEBRUARY 2, 2024

It wants smaller loan originators, credit unions and others “to offer FHA-insured loan products in branch offices that they did not previously register due to business volume considerations, thus expanding the availability of FHA programs to underserved communities,” the notice said.

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Mortgage Finance Insurance Lending 444

Housing Wire

SEPTEMBER 10, 2024

Following an extensive review process that included stakeholder comments in the intervening time — including what Barr called “productive meetings with board colleagues and our fellow federal bank regulatory agencies“ at the Federal Deposit Insurance Corp. David Dworkin, president and CEO of the NHC, also lauded the revised recommendations.

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Lending Finance Real Estate Retail 410

Housing Wire

MARCH 20, 2023

from the Federal Deposit Insurance Corporation (FDIC). It says the transaction adds new verticals, including middle market specialty finance, healthcare lending and SBA lending. And the Signature’s transaction adds to the mortgage warehouse lending, Flagstar said. Flagstar Bank , a top-20 U.S. billion.

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Lending Insurance Real Estate Finance 345

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. It will also include the company’s local traditional consumer mortgage and construction-to-permanent businesses.

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Business Mortgage Lending Insurance 416

Housing Wire

OCTOBER 4, 2022

Head of Neighborhood and Community Lending. Matic Insurance. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Housing Finance Strategies. Supreme Lending. Head of Home Lending. Planet Home Lending. Finance of America Mortgage. Company Name.

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Human Resources Lending Real Estate Technology 415

Housing Wire

FEBRUARY 21, 2023

Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. FOA announced its intention to exit the forward mortgage originations business in late 2022 by winding down the operations of Finance of America Mortgage.

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Business Lending Finance Real Estate 296

Housing Wire

FEBRUARY 4, 2021

It will be financed through a combination of committed equity financing provided by funds managed by Stone Point Capital and Insight Partners, as well as committed debt financing provided by JPMorgan Securities. Strategies lenders should adopt from direct to consumer lending. Sign up here.

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Legal Investors Lending Finance 441

Housing Wire

MARCH 8, 2024

Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. According to the Federal Deposit Insurance Corp. banks moved away from commercial real estate lending. FDIC), banks held $2.78 NYCB, one of the largest U.S.

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Real Estate Insurance Lending Retail 468

Housing Wire

NOVEMBER 7, 2023

The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending. Banks would be unable to improve the economics of mortgage lending by transferring the risk to a third party, a common practice in the mortgage industry.

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Mortgage Marketing Finance Lending 439

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Historic government institutionalized discrimination includes actions like “redlining,” where the Federal Housing Administration would refuse to insure mortgages in and around Black neighborhoods.

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Mortgage Lending Real Estate Agent Government 514

Housing Wire

JULY 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

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Insurance Brokerage Clients Real Estate Agent 324

Housing Wire

NOVEMBER 29, 2023

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13. Virgin Islands, the one-unit property limit is ​$1,149,825​​.

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Insurance Finance Government Lending 363

Housing Wire

MAY 7, 2024

Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 lender in the space.

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Lending Finance Clients Investing 358

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents. The agency also pointed to U.S.

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Real Estate Agent Real Estate Agents Insurance 459

Appraisal Buzz

JUNE 27, 2024

I thank the Committee members for their willingness to share their deep housing expertise with FHFA,” said FHFA Director Sandra L. The wide-ranging factors driving the nation’s housing affordability challenges will be best identified and addressed with perspectives anchored in on-the-ground experience.”

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Development Finance Tenants Lending 395