Housing Wire

AUGUST 30, 2024

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Roque will lead NFM’s retail growth strategy as corporate vice president of retail, NFM’s Managing Director Greg Sher announced on LinkedIn on Friday.

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Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

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Housing Wire

JULY 11, 2024

The advantages for lenders The integration of advanced data collection techniques and the all-in-one ecosystem offers several significant advantages to lenders, positioning Opteon as a preferred partner in the lending process. This efficiency translates to cost savings and improved operational workflows for lending institutions.

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Housing Wire

OCTOBER 17, 2024

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions. The executive has also advocated for Latino housing equality, receiving awards for her activism.

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Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% Given the substantial amount of accumulated equity in real estate, there is still untapped potential for home equity lending for lenders and borrowers.” compared to the prior year, while outstanding debt increased by 8.3% billion per company in 2023, compared with $2.1 billion in 2022.

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Lending Renovations Real Estate Mortgage 440

Housing Wire

SEPTEMBER 17, 2024

Anthony Casa, President & CEO of UMortgage , isn’t mincing words when it comes to the lending practices that often victimize our veterans. Patton Gade, National Director of Military Lending at UMortgage and 2023 Scotsman Guide #1 VA Loan Originator, says, “we can do better. Our veterans deserve better.

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Lending Retail Clients Mortgage 435

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company.

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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.

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Lending Mortgage Training Technology 459

Housing Wire

DECEMBER 10, 2024

announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. James Hecht, the companys CEO , said, We are confident that Gabes leadership will bring fresh energy and innovative strategies to our 55-plus lending division.

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Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong.

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Valuation Lending Renovations Appraisal 369

Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. HW: Acra Lending recently launched its Glide portal. RB: Absolutely.

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Lending Loan Officers Tools Mortgage 430

Housing Wire

AUGUST 14, 2024

Planet Home Lending confirmed on Tuesday the acquisition of certain retail assets from Axia Home Loans , describing the transaction as an opportunity to expand its operations in the Western, Northwestern, and Midwestern markets. Editor’s note: Planet Home Lending CEO Michael Dubeck will speak at HousingWire’s IMB Summit on October 1st.

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Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S million civil penalty. Garland added.

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Advertising Lending Loan Officers Retail 468

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” Additionally, Flagstar offers direct access to underwriters for product-specific advice and expertise in Non-QM, VA, and FHA lending.

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Training Renovations Lending Clients 452

Housing Wire

SEPTEMBER 23, 2024

California -based mortgage lender loanDepot has hired military advocate Bryan Bergjans as part of an effort to boost its lending capacity in the U.S. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development.

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Retail Lending Loan Officers Mortgage 448

Housing Wire

DECEMBER 2, 2024

“We are expanding the availability of our Homebuyer Access grant program to additional areas to expand opportunities for low-to-moderate income homebuyers,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement. Wells Fargo’s Homebuyer Access program is available to borrowers who earn 120% or less of the area median income (AMI).

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Housing Wire

OCTOBER 3, 2024

Speakers: Kevin Peranio, Chief Lending Officer at PRMG Candice McNaught, SVP of National Sales at Supreme Lending Laura Brandao, CEO at Lighthouse Advisors They have decades of experience with receipts to show their approach works, and they’re going to share their hard-earned wisdom with our audience. Watch the full session below.

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Lending Mortgage 444

Appraisal Buzz

NOVEMBER 25, 2024

Rather than more buyers taking out loans, the most recent trend was the result of increases in home equity and refinance lending. Mortgage lending rose again in the third quarter, but at a far slower pace than during the Spring of this year when activity spiked nearly 25%,” said Rob Barber, CEO at ATTOM. to approximately 297,000.

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Lending Mortgage Buyers Real Estate 397

Housing Wire

JULY 12, 2024

The performance of our consumer auto portfolio continued to improve, reflecting prior credit tightening actions, and we had net recoveries in our home lending portfolio.” Generating revenues Home lending activity brought in $1.3 . “Consumers have benefited from a strong labor market and wage increases.

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Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Construction Development Finance Lending 459

Housing Wire

SEPTEMBER 4, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , announced on Wednesday the hiring of Ronald Chillemi as its first chief legal officer and corporate secretary. Its 120-plus lending partners include CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage Corp. Department of Justice.

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Housing Wire

OCTOBER 11, 2024

million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. Department of Justice (DOJ) announced on Thursday a $6.5 This is the DOJ’s first redlining settlement involving a credit union.

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Lending Modernization Law Investing 433

Housing Wire

SEPTEMBER 30, 2024

Dubbed Aclara Lending, the joint venture will start in Southern California with plans to expand in the near future. Aclara Lending plans to source capital from 140 wholesale lenders for products such as jumbo, super jumbo and nonqualified ( non-QM ) loans, in addition to more traditional products.

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Mortgage Lending Clients Brokerage 432

Housing Wire

JULY 23, 2024

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California -based lender.

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Lending Construction Investing Real Estate 429

Housing Wire

SEPTEMBER 5, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending. Snyder and his leadership team have executed M&A deals with strategic vision along with textbook execution and integration. Select speakers include: Matthew VanFossen, CEO, Absolute Home Mortgage Corp.

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Lending Real Estate Mortgage Finance 455

Housing Wire

SEPTEMBER 19, 2024

The initial complaint alleged that the bank “engaged in redlining by restricting access to credit and mortgage lending services in majority-Black, Hispanic, and Asian neighborhoods in the New Brunswick, New Jersey area,” adding that the alleged activity persisted from 2018 to 2022.

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Lending Advertising Loan Officers Home Improvement 437

Housing Wire

JULY 29, 2024

From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process. For example, ongoing updates to the Qualifying Mortgage Rule, which has been rewritten twice and may see another revision soon, have significantly shaped lending practices.

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Mortgage Law Lending Training 436

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

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Landlords Loan Officers Lending Contracts 448

Appraisal Buzz

NOVEMBER 19, 2024

This decline in small-dollar mortgage lending has had a significant impact on homeownership in the U.S., The “Socioeconomic Consequences” report explores the decline in small-dollar mortgage lending and its impact on homeownership in three U.S. particularly in low-income communities. cities: Philadelphia, Pennsylvania; St.

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Lending Mortgage Investors Development 418

Housing Wire

AUGUST 6, 2024

But when I look at the future of mortgage lending, I do believe our industry is going the way of the banking industry. Dustin’s personal brand for exceptional professionalism and leadership is a perfect fit for the Lower vision as the future of home lending.” . “I spent 16 years at one company.

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Lending Loan Officers Modernization Mortgage 446

Housing Wire

AUGUST 26, 2024

HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. In 2019, HomeLight acquired Eave , a digital mortgage lending startup. That was the company’s third acquisition.

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Real Estate Agent Real Estate Loan Officers Tools 471

Housing Wire

AUGUST 20, 2024

an 11% share of the country’s commercial real estate lending market. Last year, Wells Fargo chose to exit the home lending correspondent channel and reduce its footprint in residential mortgage servicing. Trimont CEO Bill Sexton said in a statement that Wells Fargo’s and Trimont’s “businesses are highly complementary.”

Mortgage 441

Mortgage Real Estate Lending Clients 441

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

AUGUST 2, 2024

In the message reviewed by HousingWire, DeJoseph wrote that by becoming part of a larger organization, Garden State gains access to a “national lending platform, greater resources, enhanced career development opportunities, and the ability to offer more comprehensive services to our clients, well beyond residential mortgage lending.”

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Loan Officers Lending Clients Development 460

Housing Wire

JUNE 17, 2024

closing cost credit is another key component of Wells Fargo’s efforts to help drive economic growth, sustainable homeownership, and neighborhood stability in low- to moderate-income communities,” Kevin Reen, head of Wells Fargo Home Lending, said in a prepared statement.

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Lending Retail Appraisal Process Mortgage 482

Housing Wire

AUGUST 29, 2024

The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report. Refis followed with 33.8%, and home-equity lending made up 17.7%. The country saw 1.62 from Q2 2023.

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Mortgage Lending Finance Business 419

Housing Wire

NOVEMBER 26, 2024

“I am delighted to see the HECM lending limit increase for calendar year 2025,” Irwin said in a statement to HousingWire ‘s Reverse Mortgage Daily (RMD). For several years, the reverse mortgage lending limit remained stagnant before rising in 2017 from $625,500 to $636,150. compared to third-quarter 2023.

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