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 524

Housing Wire

JULY 24, 2024

While it may be easy to attribute the slower market conditions to the state’s well-publicized insurance issues , local agents say there is a perfect storm of factors. “It Insurance is still a major hurdle for many. Altos’ data shows that the 90-day median time on market jumped from 49 days a year ago to 70 days as of mid-July.

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Inspection Insurance Marketing HOA 488

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

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Insurance Easement Real Estate Investing 518

Housing Wire

MARCH 21, 2025

Property insurance premiums and property tax hikes have also added financial strain, particularly in disaster-prone regions like the Southeast and West, where insurance carriers are passing on higher costs to homeowners. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans.

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Loan Officers Property Taxes Marketing Insurance 277

Housing Wire

JANUARY 3, 2024

The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk , a technology services company serving the residential real estate lending industry. average, according to estimates from the Insurance Information Institute.

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Insurance Real Estate Lending Technology 468

Housing Wire

DECEMBER 17, 2024

has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate , homebuilding and title insurance industries. Josh Kilty (left), senior vice president of reverse lending at Fairway, presents a lifetime achievement award to Pistol Pete Stebbins.

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Real Estate Agent Lending Real Estate Insurance 397

Housing Wire

MAY 21, 2024

After two years of limited demand, private equity and insurance companies are increasing their allocations to single family residential mortgages. This increased interest is being led by private equity investors and insurance companies.

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Insurance Mortgage Investors Finance 487

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29

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Lending Business Retail Client Relationships 397

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.”

Insurance 420

Insurance Technology Lending Business 420

Housing Wire

APRIL 8, 2025

UWM will integrate Google Cloud AI and machine learning tools into its lending platform, enhancing underwriting automation, streamlining document processing, and improving client support with AI-driven chat experiences. ” The tech giant is also working with capital markets , insurance companies.

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Tools Modernization Mortgage Technology 497

Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages.

Real Estate 516

Real Estate Insurance Agents Real Estate Agent 516

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.

Mortgage 409

Mortgage Valuation Lending Technology 409

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

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Lending Advertising Mortgage Law 397

Housing Wire

JANUARY 22, 2025

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. Poplar co-founder Chuck Hattemer will also join Evernest to guide integration and growth initiatives. It combines its platform with local teams to carry out these services.

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Property Management Local Properties Renovations Investors 386

Housing Wire

JUNE 13, 2023

Warehouse lending, one of the sources of liquidity to independent mortgage bankers (IMBs), usually has good yields and short term, according to industry experts. The bank expects to improve its loan-to-deposit ratio by 150 basis points by the end of 2023. It forecasts the ratio to be in the “mid 80s” by the end of this year.

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Lending Finance Investors Insurance 366

Housing Wire

FEBRUARY 3, 2025

The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Patent & Trademark Office.

Mortgage 416

Mortgage Contracts Insurance Sellers 416

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 340

Appraisal Buzz

NOVEMBER 26, 2024

His senior executive management positions include nine years as president and COO of the nation’s largest title insurance company, Chairman and Co-CEO of a software company, and CEO of a real estate data and information company. The post The Week Ahead: Preparing for 2025 appeared first on Appraisal Buzz.

Real Estate 367

Real Estate Tenants Insurance Construction 367

Housing Wire

MAY 16, 2024

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. The product is available on conventional, Federal Housing Administration (FHA), and U.S. 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 476

Housing Wire

JULY 18, 2023

The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27. It would likely further chill jumbo lending by regional banks. Bloomberg reported that U.S.

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Lending Mortgage Insurance Government 370

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. Responses were received from 66 domestic banks and 19 U.S.

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Lending Mortgage Loan Officers Government 370

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 370

Housing Wire

JANUARY 10, 2025

Incenter Lender Services has offerings that span capital markets, loan diligence, student lending, insurance, property tax, accounting, marketing and more. Its companies include Incenter Capital Advisors , Incenter Diligence Solutions , CampusDoor , Incenter Marketing , Incenter Insurance Solutions and Incenter Tax Solutions.

Valuation 370

Valuation Property Taxes Insurance Clients 370

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. Q: Insurance issues are hot right now.

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Legal Insurance Law Lending 221

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 331

Mortgage Investors Insurance Loan Officers 331

Appraisal Buzz

OCTOBER 11, 2024

Ginnie Mae’s Issuers are our partners in expanding access to affordable lending, and advancing solutions that support their liquidity needs is critical to ensuring sustainable access to credit for the borrowers we serve.” Click here for a complete event agenda and participant details.

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Marketing Mortgage Finance Retail 370

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

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Government Investing Mortgage Valuation 434

Appraisal Buzz

FEBRUARY 25, 2025

FinRegLab analyzed this situation in a new report to see how automating and updating federal insurance programs to make them home only might ease some of the strain of the affordable housing crisis. Increasing access to affordable home-only loans is an important strategy for addressing the housing crisis, said FinRegLab CEO Melissa Koide.

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Modernization Finance Insurance Government 221

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. Open Mortgage has continued to operate in the forward lending space. Iowa was responsible for 3.4% of the total, Modex data shows.

Mortgage 474

Mortgage Insurance Loan Officers Lending 474

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.

Mortgage 544

Mortgage Insurance Lending Government 544

Housing Wire

MAY 3, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.

Insurance 416

Insurance Real Estate Technology Lending 416

Housing Wire

APRIL 5, 2022

Lending is lending. Product, Pricing and Eligibility: Whether you’re lending for virtual real estate, automobiles or a student loan, you’ll probably want to clearly define your product, its pricing and of course eligibility for said product/rate. But we do live in a world of disclosures when lending money.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

JUNE 28, 2024

Previously, Mike spent 4 years on the early product team at Blend, where he launched key components of the flagship mortgage platform, and later started and ran new business lines such as Blend Insurance. Mike graduated from Stanford University with an MS in Computer Science/AI and a BA in Economics.

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Lending Mortgage Technology Training 405

Housing Wire

JULY 7, 2022

Another cornerstone of Fannie Mae’s equity plan is the use of targeted lending programs. Fannie Mae sought feedback while its plan was in development and learned some lenders were hesitant to implement special purpose credit programs, which can target lending products based on a protected class.

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Lending Insurance Development Mortgage 448

Housing Wire

FEBRUARY 6, 2025

Department of Veterans Affairs established the VA lending program as part of the Servicemens Readjustment Act (later renamed the GI Bill). Some of these include lower mortgage rates , insurance costs, and down payment requirements. They deserve more nuanced consideration of their unique circumstances when making lending decisions.

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Lending Insurance Government Mortgage 261

Housing Wire

MARCH 24, 2025

and with operations in Canada, the United Kingdom, Australia, New Zealand, India and Germany, Cotality leverages its data to provide analysis and insights to professionals across home lending, insurance, real estate, and government worldwide. Covering 99.9% of properties in the U.S.

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Government Technology Real Estate Business 286

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.

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Insurance Mortgage Legal Government 468