Housing Wire

JANUARY 27, 2025

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Contracts 365

Contracts Mortgage Property Taxes Law 365

Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Perhaps the interesting part regarding conformity in title insurance fees is found in Section 8 of RESPA (12 U.S.C.

Lending 393

Lending Insurance Legal Business 393

Housing Wire

JULY 29, 2022

vertical manager of strategic partnerships at Liberty Mutual, to discuss how partnering with a nationally recognized insurance company improve borrower engagement for lenders. HW: How can partnering with a nationally recognized insurance company improve borrower engagement for lenders?

Insurance 418

Insurance Business Mortgage Lending 418

Housing Wire

MARCH 11, 2025

The funding round was led by prior investors Ribbit Capital , DST Global and NFX along with new investor Progressive Insurance. The companys tech-driven approach to lending is proving attractive to investors. Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes.

Mortgage 323

Mortgage Investors Insurance Loan Officers 323

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.” “At the same time, our servicing portfolio — now near $650 billion in unpaid principal balance and nearly 2.6 The company’s servicing segment delivered a pretax loss of $14.6

Government 432

Government Investing Mortgage Valuation 432

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. Sometimes that means investing more heavily in growth areas and scaling back or stopping work in others.” The layoffs at USAA Federal Savings Bank represent about 1.6%

Real Estate 74

Real Estate Lending Human Resources Insurance 74

Housing Wire

FEBRUARY 16, 2022

If your state requires a lending license, make sure a the lender is licensed. Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Establish a private money lending network for real estate.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

JULY 6, 2022

The federal banking regulators responsible for overseeing the Community Reinvestment Act (CRA) obligations of lenders they regulate have released the 2022 list of distressed or underserved rural census tracts where community-development loans, investments and services are eligible for special CRA consideration.

Lending 397

Lending Development Insurance Investing 397

Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.

Insurance 407

Insurance Real Estate Technology Business 407

Housing Wire

OCTOBER 12, 2021

Purchasing a home is one of the biggest investments most people will make in their entire lives, but the complexity of securing a mortgage can be a grueling and fractured process for first-time homeowners. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions.

Lending 367

Lending Technology Investing Loan Officers 367

Housing Wire

FEBRUARY 20, 2025

Garg explained that Better utilized its marketplace lending model that includes 32 different investors across the mortgage landscape from real estate investment trusts and insurance companies to hedge funds, major correspondent lenders and the government-sponsored enterprises Fannie Mae and Freddie Mac.

Business 264

Business Renovations Investors Market Value 264

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. The investment aims to strengthen the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio.

Lending 438

Lending Finance Clients Investing 438

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. market for homeowners’ insurance.

Insurance 438

Insurance Technology Lending Real Estate Agent 438

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. 2, the trade group stressed the importance of title insurance.

Insurance 468

Insurance Mortgage Legal Government 468

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.

Real Estate 493

Real Estate Insurance Lending Retail 493

Housing Wire

APRIL 1, 2024

Agencies in alignment on the new rules include the Office of the Comptroller of the Currency , the Federal Reserve Board and the Federal Deposit Insurance Corp. Each of the agencies are named as defendants in the case. In a joint statement issued by the plaintiffs and posted by the ABA, they lauded the judge’s decision.

Modernization 461

Modernization Law Lending Insurance 461

Housing Wire

FEBRUARY 4, 2021

“CoreLogic is a mission-critical vendor and data provider across industry sectors in which Stone Point has specialized over the past 20 years, including mortgage, residential real estate and P&C insurance,” said Chuck Davis, CEO of Stone Point Capital. Strategies lenders should adopt from direct to consumer lending. Sign up here.

Legal 482

Legal Investors Lending Finance 482

Cleveland Appraisal Blog

AUGUST 25, 2022

How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree.

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

MARCH 23, 2023

In the mortgage space, warehouse lending is a very lucrative business for the banks, so in general they’ll want to keep warehousing lending, maybe over other types of lending,” said Brian Hale, founder and CEO of consulting firm Mortgage Advisory Partners. At the heart of the still-unfolding banking crisis is some $ 620.4

Lending 448

Lending Investing Insurance Mortgage 448

Housing Wire

NOVEMBER 1, 2022

Lenders invest significant time and money into building diverse portfolios of loan products designed to meet borrowers’ unique needs, yet those products often sit underutilized,” Mortgage Coach and Sales Boomerang Chief Lending Officer Joe Puthur said in a statement.

Mortgage 458

Mortgage Project Management Insurance Loan Officers 458

Housing Wire

JUNE 28, 2024

It initially sought members with expertise in fields such as fair lending, fair housing, civil rights, capital markets, investments, single-family and multifamily lending, community advocacy, Low-Income Housing Tax Credits , research and more. Stacie Young, president and CEO, Community Investment Corp.

Tenants 416

Tenants Finance Lending Development 416

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.

Insurance 369

Insurance Brokerage Clients Real Estate Agent 369

Housing Wire

DECEMBER 1, 2022

Sales Boomerang and Mortgage Coach merged in June, about six months after a Philadelphia-based private equity firm LLR Partners invested $80 million , buying stakes in both firms. In May this year, Polly’s mortgage SaaS technology integrated with mortgage insurance providers like Arch MI, Enact, Essent, MGIC, National MI and Radian.

Mortgage 435

Mortgage Technology Investing Design 435

Housing Wire

SEPTEMBER 8, 2021

Instead, the agency is proposing to replace the federal anti-redlining rule with rules adopted jointly by the OCC, Federal Deposit Insurance Corporation , and the Board of Governors of the Federal Reserve System in 1995. The agency is soliciting public commentary, due by Oct.

Modernization 430

Modernization Insurance Lending Development 430

Housing Wire

DECEMBER 1, 2021

Real estate tech provider Accurate Group announced on Tuesday the acquisition of eMerge Property Solution for an undisclosed sum, three months after receiving a strategic investment from Novacap. In August, the company received a strategic investment by the private equity firm Novacap to accelerate its growth plan.

Valuation 433

Valuation Technology Inspection Investing 433

Housing Wire

FEBRUARY 21, 2023

The deal will offload an FoA subsidiary division that offers residential real estate investment loans. 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.

Business 366

Business Lending Finance Real Estate 366

Housing Wire

FEBRUARY 10, 2022

billion in revenue from its title insurance and services segments, a 13% year-over-year increase. Just as with Stewart’ s earnings call earlier in the day, these record breaking numbers were somewhat overshadowed by discussions of the impact rising mortgage rates will have on the volume of title insurance premiums written.

Insurance 417

Insurance Investing Inventory Business 417

Housing Wire

JANUARY 18, 2022

Josip Rupena, CEO of Milo, said in a statement that a crypto mortgage is one of the ways that consumers can invest the estimated $2 trillion in crypto wealth. 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.

Mortgage 501

Mortgage Clients Real Estate Technology 501

Housing Wire

OCTOBER 9, 2023

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Campbell is now something of a JV guru, having completed over 80 joint ventures with real estate or lending firms. Image was created using MidJourney. Why not create one entity to ensure a smoother process?

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

APRIL 20, 2021

” The thorniest issue at play is a change to investment properties, a PSPA amendment that limits the GSEs in buying single-family loans secured by investment properties or second homes. The amendment caps investment property or second home acquisitions at 7% of the GSEs’ total single-family acquisitions.

Finance 531

Finance Investing Lending Legal 531

Housing Wire

DECEMBER 2, 2020

The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale. New investment money began to flow into start-up fintech companies like Blend, Roostify and more than a dozen other new brands. Lenders immediately began to race to catch up.

Mortgage 424

Mortgage Lending Modernization Technology 424

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 368

Real Estate Lending Technology Investing 368

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. It will maintain its headquarters in Salt Lake City.

Renovations 438

Renovations Home Improvement Marketing Finance 438

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. Fulton is purchasing $6 billion in assets from Republic, including its $2 billion investment portfolio and $2.9 FDIC), the appointed receiver, explained in a statement. billion in loans.

Loan Officers 427

Loan Officers Insurance Mortgage Lending 427

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.

Lending 448

Lending Finance Real Estate Retail 448

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. Its rental pricing and projection model also calculates the rate of return an investment property is expected to produce over time.

Investing 369

Investing Real Estate Lending Brokerage 369

Housing Wire

JULY 25, 2024

.” NYCB , which concluded a merger with Flagstar in December 2022 and acquired some of Signature Bank ‘s assets, liabilities, and deposits from the Federal Deposit Insurance Corp. The bank recently received a $1 billion equity investment from a group led by former U.S.

Business 493

Business Retail Contracts Mortgage 493