Housing Wire

MAY 23, 2022

Full-service lender Cherry Creek Mortgage announced Rick Hogle has joined the company as its chief revenue officer. In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels.

Mortgage 377

Mortgage Retail Insurance Development 377

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 502

Mortgage Government Retail Lending 502

Housing Wire

MAY 24, 2024

Movement Mortgage , a multichannel mortgage lender, has appointed Joe Thompson as its new regional director. Founded in 2008 and based in Fort Mill, South Carolina , Movement Mortgage offers a range of products including conventional, jumbo and government-insured loans, as well as a dedicated reverse mortgage division.

Mortgage 360

Mortgage Renovations Loan Officers Retail 360

Housing Wire

JANUARY 2, 2025

Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. But after additional data about the month of October was released, one metric of reverse mortgage industry performance HECM case number assignments from the Federal Housing Administration (FHA) saw a surprising increase at that time.

Mortgage 327

Mortgage Retail Insurance Business 327

Housing Wire

JANUARY 20, 2021

And not just research on the best down payment or neighborhood to live in – you should also search the right mortgage lender. . The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. The good news, it’s easy to find a mortgage lender. Buying a home?

Mortgage 454

Mortgage Advertising Retail Insurance 454

Housing Wire

MARCH 8, 2024

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. According to the Federal Deposit Insurance Corp. trillion in residential mortgage debt as of first-quarter 2023. FDIC), banks held $2.78

Real Estate 468

Real Estate Insurance Lending Retail 468

Housing Wire

JUNE 20, 2023

North Carolina-based Truist Financial Corporation announced on Tuesday that seasoned mortgage executive David Smith will be the head of Truist Mortgage effective July 31. In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson.

Business 321

Business Mortgage Retail Lending 321

Housing Wire

FEBRUARY 7, 2024

The update also clarifies the qualifying interest rate for adjustable-rate mortgages (ARMs) with terms of 7 and 10 years, respectively. Lenders must be in compliance with these property insurance updates for all loans with application dates on or after June 1, 2024.

Retail 408

Retail Project Management Insurance Landlords 408

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. Presented by: MCT.

Finance 414

Finance Mortgage Retail Home Value 414

Housing Wire

AUGUST 14, 2023

Firm founder and CEO Max Simkoff revealed that Doma is exploring a new strategy and will be licensing its instant underwriting software to mortgage originators and secondary market purchasers, in addition to continuing to roll out the software to its independent title agents.

Insurance 313

Insurance Business Retail Investors 313

Housing Wire

MAY 17, 2022

The rise in mortgage-related fraud over the past three years was largely due to a surge in online and mobile-only mortgage transactions. Firms with 50% or more retail transactions could have a higher cost of fraud and larger volume of average monthly attacks, according to the firm’s True Cost of Fraud report.

Mortgage 361

Mortgage Real Estate Insurance Retail 361

Housing Wire

NOVEMBER 18, 2021

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. Once that happens, mortgage insurance is usually waived. But borrowers would be wise to note that they’ll get hit with higher interest rates.

Insurance 426

Insurance Loan Officers Retail Mortgage 426

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

Mortgage 370

Mortgage Marketing Finance Retail 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. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

Business 416

Business Mortgage Lending Insurance 416

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 443

Mortgage Loan Officers Lending Human Resources 443

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. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 367

Lending Business Retail Client Relationships 367

Housing Wire

JULY 25, 2024

Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). Flagstar’s TPO business is largely correspondent, though it does also work with mortgage brokers.

Business 480

Business Retail Contracts Mortgage 480

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. Lisa Moriello, national retail reverse sales manager at loanDepot , also views the new limit as a positive. Others are taking a more nuanced approach to the increase.

Mortgage 345

Mortgage Lending Retail Finance 345

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? Finance data.

Mortgage 376

Mortgage Retail Finance Investors 376

Housing Wire

JULY 17, 2023

The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap.

Mortgage 328

Mortgage Tools Insurance Development 328

Housing Wire

FEBRUARY 11, 2021

“Big Four” title insurer First American Financial Corp. Also announced by the title insurer was a total of $1.1 segment pretax margin of title insurance and services. Excelerate Capital acquires Castle Mortgage Corporation. announced a healthy $7.1 Net income was $696.4 million last year, or $6.16

Insurance 418

Insurance Retail Business Mortgage 418

Housing Wire

OCTOBER 30, 2023

In loanDepot’s program, dubbed AccessZERO, the down payment assistance is structured as a 10-year fully amortized repayable second mortgage. The program is available nationwide through the retail channel for first-time and repeat homebuyers applying for FHA 30-year, fixed-rate purchase loans.

Lending 492

Lending Retail Finance Insurance 492

Housing Wire

APRIL 4, 2023

Add Moon Mortgage to the list of fintechs offering crypto-backed mortgages. Since 2021, other fintechs have launched crypto mortgage products, including Toronto-based Ledn and Miami-based Milo. Moon’s crypto mortgage product has a minimum loan amount of $1 million. .” Six months after raising $3.5

Mortgage 349

Mortgage Investors Retail Investing 349

Housing Wire

MARCH 29, 2024

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. It reported an adjusted EBITDA loss of $3 million in the last quarter of 2023 and of $33.5 million for the entire year.

Insurance 375

Insurance Technology Real Estate Investing 375

Housing Wire

OCTOBER 23, 2024

The company now aims to embed its services in forward and reverse mortgages. Representatives journeyed to San Diego last month to meet with lending professionals at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo. When we look at the mortgage industry in our office, we broad-brush it,” he said. “We

Mortgage 403

Mortgage Lending Retail Law 403

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011. The holding company will invest in finance, insurance, and real estate businesses. The originations went from $14.1

Mortgage 313

Mortgage Investors Investing Technology 313

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 384

Tools Mortgage Finance Lending 384

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market.

Buyers 341

Buyers Retail Loan Officers Insurance 341

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right. .

Mortgage 351

Mortgage Retail Clients Marketing 351

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Another national sales director, Ignacio Metcalf, left Movement last year and joined Princeton Mortgage as its national sales director in May. division, to Summit.

Retail 367

Retail Development Finance Lending 367

Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in mortgage originations in 2020. billion in mortgage originations in 2020. billion in title insurance and $1.4

Valuation 372

Valuation Insurance Investors Loan Officers 372

Housing Wire

JUNE 1, 2021

These 50 young disruptors come from all sectors of housing – mortgage, real estate, fintech, servicing and more – and pushed beyond the challenges the year brought. Retail Branch Manager. Sierra Pacific Mortgage. First Guaranty Mortgage Corporation. Wyndham Capital Mortgage. AmeriHome Mortgage. Company Name.

Retail 410

Retail Lending Loan Officers Finance 410

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 346

Housing Market Mortgage Marketing Real Estate 346

Housing Wire

OCTOBER 4, 2022

Gold Star Mortgage Financial Group. Managing Director and Global Head of Mortgage Services. Matic Insurance. Mortgage Champions. Sales Boomerang and Mortgage Coach. Freedom Mortgage. United Wholesale Mortgage. Sierra Pacific Mortgage. Association of Independent Mortgage Experts.

Human Resources 415

Human Resources Lending Real Estate Technology 415

Housing Wire

MARCH 11, 2021

For the housing industry, Biden’s American Rescue Plan is an enormous buoy at a time when home prices are sky-high , inventory is low, and millions are struggling to make rent and mortgage payments. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI).

Tenants 545

Tenants Government Retail Investing 545

Housing Wire

FEBRUARY 16, 2021

AmeriHome purchased approximately $65 billion in conventional conforming and government-insured originations in 2020. The nonbank lender works with a network of over 700 independent mortgage banks and credit unions. It also manages a mortgage servicing portfolio estimated at around $100 billion in unpaid balance.

Retail 492

Retail Insurance Government Business 492

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S.

Business 288

Business Insurance Finance Retail 288