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.

Insurance 488

Insurance Mortgage Investors Finance 488

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 433

Insurance Technology Lending Business 433

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

Lending 397

Lending Business Retail Client Relationships 397

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

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 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.

Lending 397

Lending Advertising Mortgage Government 397

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. ”

Insurance 363

Insurance Technology Lending Business 363

Housing Wire

FEBRUARY 11, 2025

Mortgage lending, small business loans, and investments in local development projects are all driven by local lenders who know their markets, live in their communities, and have a vested interest in the growth of their economies. The availability of funding at the local level is the driving force in building stronger communities.

Lending 394

Lending Development Business Insurance 394

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.

Lending 370

Lending Finance Investors Insurance 370

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!

Insurance 476

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.

Lending 370

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.

Lending 370

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.

Lending 370

Lending Mortgage Insurance Modernization 370

Housing Wire

JANUARY 10, 2025

“In line with guidelines from our lending partners and other entities that own or insure mortgages, NAF will offer forbearance assistance to customers whose homes are uninhabitable or who cannot work due to the wildfires,” the company told RMD in a statement.

Insurance 397

Insurance Mortgage Clients Finance 397

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.

Lending 364

Lending Investing Finance Investors 364

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 476

Mortgage Insurance Loan Officers Lending 476

Housing Wire

MARCH 21, 2024

House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance. The Basel Endgame proposal — issued by the Federal Reserve , Federal Deposit Insurance Corp. The average cost to insure a $300,000 home surged by 12% in 2023, reaching $1,770 per year, according to an Insurify report.

Insurance 453

Insurance Lending Inventory Mortgage 453

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 418

Insurance Real Estate Technology Lending 418

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.

Lending 416

Lending Mortgage Technology Training 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

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.

Lending 448

Lending Insurance Development Mortgage 448

Appraisal Buzz

FEBRUARY 28, 2025

Bettina Arthur has been promoted to vice president of sales enablement at Westcor Land Title Insurance Company. Her subject matter expertise spansescrow, closing, mortgage lending, sales, home building, human resources, general management, and organizational development.

Insurance 195

Insurance Human Resources Training Development 195

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

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. Insurance fraudsters are also prone to acting fast after storms. The FCC estimates that Green Mirage has impersonated over 400 mortgage lenders.

Mortgage 370

Mortgage Insurance Government Lending 370

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.

Business 448

Business Mortgage Lending Insurance 448

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.

Marketing 524

Marketing Mortgage Finance Lending 524

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 468

Modernization Law Lending Insurance 468

Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud. Presented by: First American Data & Analytics.

Lending 482

Lending Retail Housing Market Mortgage 482

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 370

Insurance Brokerage Clients Real Estate Agent 370

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.

Lending 370

Lending Insurance Real Estate Finance 370

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders.

Finance 476

Finance Valuation Insurance Lending 476

Housing Wire

SEPTEMBER 7, 2022

As the lending arm of mortgage companies can no longer depend on new loans or the rate-based refinancing that’s kept them afloat throughout the pandemic, the value of mortgage servicing rights is serving as a lifeline. Why insurance? These customers may be paying too much for insurance or looking to switch providers or coverage.

Insurance 435

Insurance Mortgage Business Lending 435

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgage 448

Mortgage Lending Technology Insurance 448

Housing Wire

FEBRUARY 12, 2024

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp.

Valuation 448

Valuation Appraisal Law Design 448

Housing Wire

MAY 28, 2024

Based in Cary, North Carolina , Fathom Holdings is a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, insurance and software-as-a-service (SaaS) offerings.

Brokerage 448

Brokerage Real Estate Realty Insurance 448