Appraisal Buzz

OCTOBER 1, 2024

Total borrowing and lending for commercial and multifamily mortgages is expected to finish at $539 billion by the end of 2024, according to an updated baseline forecast by the Mortgage Bankers Association (MBA). The post Forecast: Commercial/Multifamily Borrowing and Lending to Increase first appeared on The MortgagePoint.

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Lending Real Estate Investors Construction 369

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. The survey asks officers about topics such as changes in lending terms as well as household demand for loans. There’s some optimism, however.

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Lending Mortgage Loan Officers Government 488

Housing Wire

NOVEMBER 20, 2024

In an exclusive executive conversation, HousingWire sat down with Jonathan Scarpati, senior vice president of Wholesale Production at Finance of America , to explore home equity products, opportunities for mortgage professionals to leverage them, and more. HousingWire: How did you get into Finance of America and the industry?

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Finance Marketing Lending Mortgage 303

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 365

Lending Mortgage Loan Officers Brokerage 365

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

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Finance Real Estate Investing Development 364

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

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Lending Design Tools Loan Officers 361

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , The Federal Housing Finance Agency (FHFA) has added new requirements in its Duty to Serve plans that govern Fannie Mae and Freddie Mac , as well as tweaks to loan-level pricing adjustments (LLPAs).

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Lending Real Estate Agent Contracts Government 385

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.:

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Lending Technology Training Investing 343

Housing Wire

DECEMBER 23, 2024

While some forward lending companies have gone out of their way to acquire and incorporate reverse mortgage lending divisions into their ongoing operations, others have bolstered their existing reverse mortgage divisions. Finance of America (FOA) had a booth presence at the event.

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Lending Mortgage Finance Marketing 310

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck.

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Finance Marketing Mortgage Retail 393

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Construction Development Finance Lending 414

Appraisal Buzz

JANUARY 6, 2025

Vanderbilt Mortgage & Finance , which originates loans for manufactured homes, is being sued by the Consumer Financial Protection Bureau (CFPB) for putting borrowers into loans they could not afford. The post CFPB Sues Vanderbilt Mortgage & Finance for Setting Borrowers Up to Fail appeared first on MortgageOrb.

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Finance Mortgage Lending Appraisal 195

Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. That was down 18% year over year, per Inside Mortgage Finance estimates. Fairway Independent Mortgage Corp. million civil penalty. The company ranked No.

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Advertising Lending Loan Officers Retail 423

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 6, 2025

HousingWire Vanguard Sarah Gonzalez has taken on a new role at Logan Finance Corporation as chief innovation officer. Gonzalez formerly served as Logan’s chief operating officer, a position she started in February 2024. Before joining Logan, Gonzalez served as president and COO at Panorama Mortgage Group.

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Finance Lending Business Mortgage 300

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

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Investing Legal Lending Landlords 376

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

Mortgage 453

Mortgage Finance Lending Insurance 453

Housing Wire

JANUARY 6, 2025

Vanderbilt Mortgage & Finance , part of Warren Buffetts conglomerate Berkshire Hathaway , has been accused by the Consumer Financial Protection Bureau (CFPB) of manipulating underwriting standards and setting borrowers up to fail in manufactured home loans. The consumer watchdog on Monday filed a lawsuit in a U.S.

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Finance Lending Mortgage 400

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

FEBRUARY 21, 2024

The industry side of the board includes Eddy Perez, CEO of Equity Prime Mortgage (EPM) ; Phil Shoemaker , CEO of The Loan Store ; Chris Vinson, CEO of Windsor Mortgage ; and Kevin Peranio, chief lending officer of Paramount Residential Mortgage Group (PRMG).

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Lending Finance Retail Mortgage 401

Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. “As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.”

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Lending Mortgage Loan Officers Retail 363

Housing Wire

MAY 15, 2024

300 to 850) and also uses score-to-odds ratios, meaning that most lenders will not need to adjust their credit or lending policies to use the new pilot program. In February, the Federal Housing Finance Agency (FHFA) announced that the transition to new credit-score requirements is expected to begin in the fourth quarter of 2025.

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Lending Government Finance Mortgage 445

Housing Wire

FEBRUARY 7, 2024

mortgage finance system. The Underserved Mortgage Markets Coalition’s new blueprint equips Fannie Mae and Freddie Mac with the guidance they need to comply with this federal regulation and expand housing finance opportunities in unprecedented, potentially revolutionary ways.”

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Land Lease Law Finance Government 423

Housing Wire

AUGUST 14, 2024

Planet Home Lending confirmed on Tuesday the acquisition of certain retail assets from Axia Home Loans , describing the transaction as an opportunity to expand its operations in the Western, Northwestern, and Midwestern markets. Editor’s note: Planet Home Lending CEO Michael Dubeck will speak at HousingWire’s IMB Summit on October 1st.

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Retail Lending Loan Officers Finance 360

Housing Wire

OCTOBER 16, 2023

Down payment assistance is offered through state finance agencies as well as local and municipal sources, which makes it difficult for lenders and borrowers to access the available resources. But finding and comparing the many programs and their guidelines is challenging.”

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Tools Finance Design Lending 500

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 10, 2024

Barr said the proposed changes include “reducing the risk weights for residential real estate and retail exposures, extending the scope of the reduced risk weight for certain low-risk corporate debt, and eliminating the minimum haircut for securities financing transactions,” he said.

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Lending Finance Real Estate Retail 410

Housing Wire

JANUARY 17, 2024

The real estate finance community mourns the loss today of one of its great leaders and fiercest advocates,” current MBA President Bob Broeksmit said in a statement Wednesday morning. a financial services consulting firm focused on real estate finance. He left government service and became president of the Mortgage Bankers Association.

Finance 482

Finance Loan Officers Real Estate Development 482

Housing Wire

AUGUST 15, 2024

Industry veteran Thanh Roettele , who spent more than 28 years at JPMorgan and was the managing director of its mortgage warehouse finance business, is transitioning to Scotiabank. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic. Inside Mortgage Finance (IMF) and Bloomberg first reported on the topic.

Mortgage 364

Mortgage Finance Lending Business 364

Housing Wire

NOVEMBER 28, 2023

“The increases to FHA’s loan limits will enable homebuyers to use FHA’s low-down-payment financing to access homeownership at a time when a lack of affordability threatens to shut well-qualified borrowers out of the market.” Mortgage limits for special areas, including the states and territories of Alaska, Hawaii, Guam and the U.S.

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Finance Construction Mortgage Government 490

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

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

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. Homebuyers shouldn’t receive different levels of protection just because of the type of financing they use to purchase their homes.

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Contracts Mortgage Law Sellers 408

Housing Wire

JULY 23, 2024

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California -based lender. It operates through consumer direct and broker channels.

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Lending Construction Investing Real Estate 344

Housing Wire

MARCH 12, 2024

Last year, Homepoint shut down operations, while Wells Fargo closed its correspondent lending business. United Wholesale Mortgage (UWM) came in as the top mortgage originator in 2023, followed by PennyMac Financial and Rocket Mortgage , according to data from Fitch Ratings and Inside Mortgage Finance. “The

Mortgage 457

Mortgage Marketing Retail Lending 457

Housing Wire

DECEMBER 17, 2024

PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers. The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said.

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Mortgage Renovations Property Taxes Finance 312

Housing Wire

JUNE 28, 2024

The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing. The FHFA began soliciting applications for the committee in September 2023.

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Tenants Finance Lending Development 356