Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

Investors 466

Investors Tenants Real Estate Property Taxes 466

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

Investors 422

Investors Inventory Government Construction 422

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.

Lending 422

Lending Technology Design Investors 422

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

Lending 433

Lending Renovations Legal Real Estate 433

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. The profitable lending business has more than a 50% contribution margin, he said in a meeting.

Lending 444

Lending Valuation Technology Retail 444

Housing Wire

JANUARY 23, 2023

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Tavant, an HW Tech100 winner for multiple years, helped underwrite more than 80,000 loans in 2021.

Lending 439

Lending Mortgage Technology Design 439

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.

Lending 456

Lending Mortgage Training Technology 456

Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported.

Lending 370

Lending Design Finance Contracts 370

Appraisal Buzz

AUGUST 15, 2024

Multifamily lending fell by roughly half in 2023 as sales transactions declined and far fewer property owners sought to refinance their loans,” says Jamie Woodwell, Head of Commercial Real Estate Research for the MBA, in a statement. billion of multifamily mortgages originated in 2023 went to a variety of investors.

Lending 195

Lending Government Real Estate Investors 195

Housing Wire

JUNE 24, 2021

HousingWire recently spoke with William Tessar, president of Civic Financial Services , about the private lending space and how LOs can benefit from serving real estate investors. . HousingWire: What is the current outlook for the private lending space as the market shifts from a refi boom to a flooded purchase market?

Real Estate 447

Real Estate Investors Lending Loan Officers 447

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. The rising rate environment also had an impact on Northpointe’s origination in 2022.

Lending 396

Lending Business Retail Client Relationships 396

Housing Wire

JUNE 10, 2024

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space.

Lending 340

Lending Business Real Estate Finance 340

Housing Wire

SEPTEMBER 26, 2023

Cooper was completed in August, Home Point Capital agreed to settle for $5 million a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering (IPO).

Investors 412

Investors Lending Law Business 412

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That should help to unlock more inventory while also reducing financing costs for leveraged investors. million households formed each year.”

Investors 482

Investors Marketing Inventory Real Estate 482

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 437

Investors Government Mortgage Investing 437

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021.

Technology 361

Technology Lending Housing Market Investors 361

Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

Lending 380

Lending Business Government Design 380

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire. I thought it was sparse.

Lending 416

Lending Real Estate Agent Loan Officers Retail 416

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. In March, Moody’s Investor Service listed Comerica among the nation’s top warehouse lenders for potential rating downgrades.

Lending 351

Lending Finance Insurance Investors 351

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

Lending 370

Lending Loan Officers Mortgage Investors 370

Housing Wire

MAY 11, 2022

Dubbed the “Homepoint Cash Compete,” the fintech platform provides home shoppers with the cash needed to compete with investors and other more attractive offers, according to the lender. Planet Home Lending entered into a $2.5 The post Homepoint lends homebuyers the power of all-cash offers appeared first on HousingWire.

Lending 397

Lending Investors Real Estate Agent Finance 397

Housing Wire

JANUARY 11, 2023

Nashville, Tennessee-headquartered Defy Mortgage is the latest player to join the non-QM (non-qualified mortgage) lending space, which targets entrepreneurs and gig workers who have various forms of collateral, including cryptocurrency. We are able to count it as liquidity from a reserve requirement and for asset depletion.”.

Lending 448

Lending Mortgage Marketing Technology 448

Housing Wire

AUGUST 17, 2022

Securities and Exchange Commission (SEC) over insider-lending allegations brought against the bank and its former top executive, Ronald Paul. The bank, which operates a mortgage-lending unit, along with its holding company, Eagle Bancorp Inc., EagleBank , one of the largest community banks in metro Washington, D.C.,

Lending 383

Lending Government Investors Law 383

Housing Wire

JUNE 21, 2022

Investors provide capital necessary for many families to fulfill their aspirations of living in a house whether renting or owning. How can investors help with homeownership? Let’s switch gears and consider how investors help with home ownership. But, who are these investors? Jeff Ball is CEO of Viseo Lending.

Investors 435

Investors Renovations Inspection Government 435

Housing Wire

SEPTEMBER 13, 2022

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit. billion in 2022 from last year’s $4.4 billion. .

Lending 370

Lending Government Mortgage Investors 370

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. The seed money was raised by 10 capital firm investors to get Tomo off the ground. But this is no ordinary mortgage startup.

Lending 476

Lending Real Estate Real Estate Agent Modernization 476

Housing Wire

DECEMBER 14, 2021

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ). And it is growing fast, he added. “We’re

Lending 385

Lending Technology Government Investors 385

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. Since we are the end investor, we do not have to seek third party approval to do a loan. The post Why non-QM lending is not going away appeared first on HousingWire.

Lending 392

Lending Loan Officers Training Investors 392

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.

Lending 434

Lending Valuation Clients Tools 434

Housing Wire

JANUARY 5, 2023

Silvergate’s provisional fourth quarter earnings report revealed that it exited its mortgage warehouse lending product in the fourth quarter of 2022 due to “the current macro environment, the rising interest rate environment and related reduction in mortgage volumes.”. billion in crypto-related deposits.

Lending 406

Lending Mortgage Investors Clients 406

Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

Lending 435

Lending Contracts Investors Technology 435

Appraisal Buzz

JUNE 20, 2024

Tom Reber recently joined Planet Home Lending as area sales manager for North Florida and Southern Georgia. He is renowned for his ability to drive excellence and build strong teams, Planet Home Lending says in a release. Reber is a 30-year mortgage industry veteran, with experience in retail mortgage banking.

Lending 195

Lending Loan Officers Retail Inventory 195

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 444

Business Investors Finance Home Improvement 444

Housing Wire

MAY 16, 2022

Here is where it gets murky – choosing the right non-QM lending partner! Are the lender and end investor affiliated? Or do they have to rely on approval from another investor? Or do they have to rely on approval from another investor? Do you call the AE that just brought you doughnuts? That’s why.

Lending 357

Lending Real Estate Agent Investors Real Estate 357

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Liquidity had dried up and bond investors, which underpin the non-QM market, were running for the hills. Citadel resumed non-QM lending in the summer. The change is effective Monday. “We

Lending 400

Lending Investing Retail Business 400