Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. reduction in residential lending activity compared to first-quarter 2023 and a 69.3% reduction in residential lending activity compared to first-quarter 2023 and a 69.3% All major mortgage lending categories sustained losses, the report said. dropped by 6.7% in the first quarter of 2024 to 1.28

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Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. CFPB Director Rohit Chopra praised Ficklin’s fair lending work in a statement published by American Banker.

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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. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

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Appraisal Buzz

JULY 1, 2024

The NSMO provides a unique view of mortgage borrowers, helping illustrate underlying trends that can identify emerging issues in mortgage lending,” said Saty Patrabansh, FHFA Associate Director for the Office of Data and Statistics. The post Government Agencies Release Mortgage Origination Data first appeared on The MortgagePoint.

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Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Saleh said he was leading between 250 and 300 people when he left Rocket in mid-May.

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Housing Wire

JANUARY 16, 2025

The agency noted that the fraudulent callers pose as legitimate lenders by spoofing the caller ID number of the homeowner’s actual lending institution. If someone calls claiming to be a government official, the FCC recommends hanging up and instead calling the number listed on that government agency’s official website.

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Housing Wire

NOVEMBER 15, 2022

Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. A decline in the index, benchmarked to 100 in March 2012, is an indicator that lending standards are tightening, while an increase suggests loosening credit standards.

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Housing Wire

MAY 17, 2024

“In August 2022, FHA implemented a UEI policy that required those doing or seeking to do business with the federal government, to register for, obtain, and maintain a UEI number in the General Services Administration ’s (GSA) System for Award Management (SAM.gov),” the notice reads. The GSA is a wing of the U.S.

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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 479

Housing Wire

MARCH 17, 2025

The government contended that the banks recent supplement to the record of expert testimony is not appropriate or useful for the court, according to filings obtained by HousingWire s Reverse Mortgage Daily (RMD). Congress clearly laid out Ginnie Maes authority to pool backing securities that the company guarantees, the bank argued.

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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. The executive has also advocated for Latino housing equality, receiving awards for her activism.

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Lending Government Development Mortgage 435

Appraisal Buzz

AUGUST 23, 2024

billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market. billion in multifamily lending volume represents a 49 percent decrease from 2022 levels. In 2023, 2,520 different multifamily lenders provided a total of $246.2

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Lending Investors Government Real Estate 366

Housing Wire

FEBRUARY 21, 2024

North Carolina-based mortgage lender Premier Lending Inc. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release. “By

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Lending Government Mortgage Finance 435

Housing Wire

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. 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 Finance Property Taxes 396

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

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Lending Mortgage Finance Government 448

Housing Wire

FEBRUARY 24, 2025

The bank is opposing a government request for a summary judgment that would hand a victory to Ginnie Mae, according to court filings reviewed by HousingWire s Reverse Mortgage Daily (RMD). Government attorneys filed a motion for summary judgment a decision made by the judge instead of a jury on Jan. In the new filing issued on Feb.

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Appraisal Buzz

FEBRUARY 20, 2025

Open to all mortgage lending and servicing professionals, GSEs , government entities, and Legal League members, the annual Spring Servicer Summit gathers the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.

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Appraisal Buzz

FEBRUARY 11, 2025

While an increase in the index signifies loosening credit, a decrease in the MCAI suggests tightening lending rules. While the Government MCAI climbed by 1%, the Conventional MCAI increased by 3.8%. Key Highlights Conventional, Government, Conforming & Jumbo Indices In January, the MCAI increased by 2.5%

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Mortgage Government Lending Technology 259

Housing Wire

MARCH 5, 2025

Conventional refinance applications rose 34% and government refinance applications increased by 42% over the week, Joel Kan , the MBAs vice president and deputy chief economist, said in the announcement. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months.

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Loan Officers Renovations Government Buyers 288

Appraisal Buzz

DECEMBER 10, 2024

More than half of recent mortgages were government loans in Colorado Springs, Colorado; El Paso, Texas; and Virginia Beach, Virginia because of high VA-loan usage. Nearly three in four mortgage loans were government loans in El Paso, with 29.3% Miami leads with 42.7% comprised of VA loans and 41% were FHA loans.

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Housing Market Marketing Inventory Government 418

Real Estate News

MARCH 28, 2024

NAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.

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Lending Government Finance Agents 354

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record. But Judge Matthew Kacsmaryk of the U.S.

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Housing Wire

OCTOBER 22, 2024

million customers — continues to grow, driving increased revenue and cash flow contributions and providing low-cost leads for our consumer direct lending division.” The company’s refinance recapture rate is 52% for government loans and 34% for conventional loans. “We million in Q3 2024, compared to pretax gains of $88.5

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Appraisal Buzz

MARCH 17, 2025

Both conventional and government credit supply expanded over the month. While an increase in the index signifies loosening credit, a decrease in the MCAI suggests tightening lending rules. The Government MCAI grew by 1.4%, while the Conventional MCAI increased by 1.3%. In February, the MCAI increased by 1.4%

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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.

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Lending Mortgage Training Technology 459

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

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Lending Government Legal Law 459

Housing Wire

DECEMBER 5, 2024

Detroit-based Rocket claims HUD has misused the Fair Housing Act , placing the lender in “conflicting and irreconcilable positions” regarding government mandates on appraiser oversight and independence. A HUD spokesperson did not immediately respond to HousingWire ’s request for comments. We have a juxtaposition here,” Emerson added.

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Housing Wire

FEBRUARY 26, 2025

They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away. government involvement The NRMLA Annual Meeting in September 2024 featured several guests from the federal governments housing arm, the U.S.

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Mortgage Government Development Business 297

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

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Mortgage Valuation Lending Technology 415

Housing Wire

MARCH 27, 2025

The FHFA also issued an order ending a requirement for the government-sponsored enterprises (GSEs) to engage in joint discussions and share information related to energy building code standards. On Wednesday, the regulator directed Fannie Mae and Freddie Mac to revise their respective radon policies for multifamily properties.

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Housing Wire

FEBRUARY 14, 2025

The government-sponsored enterprise (GSE) had net income of $4.1 “The multifamily provision increased by $257 million to $752 million, because of an incremental decline in property values, rising delinquencies , and the ongoing investigation of lending transactions with suspected fraud,” Halley told analysts.

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Mortgage Government Lending Finance 334

Appraisal Buzz

MARCH 5, 2025

He gained significant expertise in lending law enforcement while serving in the Pennsylvania Attorney Generals Bureau of Consumer Protection, handling UDAP, Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), and Truth in Lending Act (TILA) cases. borrowers, and growing membership in the group.

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Housing Wire

FEBRUARY 3, 2025

Have complaints been submitted that could impact any licenses or tickets from government-sponsored enterprises? Is there a potential pattern of questionable practices and activities based upon allegations filed with government organizations? Is the seller subject to a probationary review?

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Mortgage Contracts Insurance Sellers 418

Appraisal Buzz

OCTOBER 11, 2024

This hybrid summit brings together leaders from the federal government, private sector, and housing industry to discuss the critical role of independent mortgage banks in the housing finance ecosystem. Click here for a complete event agenda and participant details.

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Marketing Mortgage Finance Retail 370

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” Additionally, Flagstar offers direct access to underwriters for product-specific advice and expertise in Non-QM, VA, and FHA lending.

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Training Renovations Lending Clients 463

Housing Wire

MARCH 6, 2025

The mortgage addition follows similar integrations for rental screening and auto lending. Liz Pagel, global head of alternative data at TransUnion, said the integration with Truework aims to improve lending efficiency and added that the tools are ready to adapt to ever-changing regulations.

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Appraisal Buzz

NOVEMBER 26, 2024

Dr. Conerly’s analysis included interest rates, inflation, and the Federal Reserve’s strategic direction, with insights into consumer behavior, government spending, and construction. Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.

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Real Estate Tenants Insurance Construction 367