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

MARCH 23, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations. Data-driven analysis.

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Lending Mortgage Sellers Technology 476

Housing Wire

AUGUST 17, 2022

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

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Sellers Government Lending Finance 397

Housing Wire

MAY 11, 2022

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. To do that it relies on the two words sellers increasingly want to hear: “All cash.” Planet Home Lending entered into a $2.5

Lending 397

Lending Investors Real Estate Agent Finance 397

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 448

Lending Mortgage Finance Government 448

Housing Wire

FEBRUARY 3, 2025

Nationwide direct mortgage lender US Mortgage Corporation announced the appointment of Alana Dorbandt as its new vice president and division lending manager. ” US Mortgage is a Fannie Mae & Freddie Mac direct seller and servicer with over 30 Branches and is licensed in all 50 states. . million.

Lending 349

Lending Mortgage Loan Officers Clients 349

Housing Wire

FEBRUARY 3, 2025

Is the seller subject to a probationary review? Key issues include financial penalties for early termination, restrictions on the assignment of the contract upon a change in ownership of the seller, and incompatibility for the transfer of data to another system. Also, have any employees been promised future equity in the seller?

Mortgage 418

Mortgage Contracts Insurance Sellers 418

Housing Wire

OCTOBER 28, 2020

Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19. Borrowers want consistency through the lending process – Here’s how to give them that.

Sellers 360

Sellers Marketing Lending Inventory 360

Housing Wire

JULY 29, 2021

They further state: “The collapse of the short-term funding structure of nonbanks and some depositories, such as Countrywide Financial , led to rapid losses in liquidity and lending activity. The post Risks of nonbank mortgage sellers and servicers revisited appeared first on HousingWire.

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Sellers Mortgage Business Lending 448

Appraisal Buzz

MARCH 10, 2025

Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Kelman. Rockets digital platform has grown to provide home financing in all 50 states across more than 3,000 counties and parishes.

Real Estate Agent 426

Real Estate Agent Brokerage Real Estate Agents 426

Housing Wire

OCTOBER 17, 2024

We’re improving the experience for the real estate professionals while still improving and taking care of the experience for the buyers and sellers of this country and the people that want to own real estate in this country. JA: You also launched a joint venture called Aclara Lending in conjunction with Barrett Financial.

Real Estate 459

Real Estate Brokerage Agents Real Estate Agent 459

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. According to a CFPB, sellers typically target low-income borrowers, particularly in Black, Hispanic, immigrant, and religious communities.

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Contracts Mortgage Law Sellers 482

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.

Legal 448

Legal Lending Technology Modernization 448

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition.

Inventory 455

Inventory Inspection Lending Real Estate 455

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). The CFPB is had a field hearing in St.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

APRIL 4, 2025

Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said. Previously, the Platinum line aligned its minimum amount with Federal Housing Administration (FHA) lending limits. But the variations available to brokers and principal agents differ.

Mortgage 322

Mortgage Home Value Agents Design 322

Housing Wire

MARCH 29, 2021

named Andy Peach as the company’s senior vice president, correspondent lending on Monday. Peach will be responsible for leading PHH’s growing correspondent lending business and will report directly to George Henley, Ocwen’s chief growth officer. According to PHH, in the fourth quarter of 2020, the channel generated $2.6

Lending 370

Lending Retail Sellers Business 370

Housing Wire

FEBRUARY 6, 2025

Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. Beyond that, Deephaven allows up to 3% seller concessions at closing. They allow borrowers to qualify for non-traditional income, credit issues, and higher-than-average net worths.

Mortgage 343

Mortgage Training Construction Investors 343

Housing Wire

JUNE 12, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , has launched a blockchain-based marketplace to connect buyers and sellers of private credit loans, promising to reduce settlement timelines and create greater pricing certainty.

Technology 454

Technology Lending Buyers Design 454

Housing Wire

APRIL 15, 2024

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. Moving forward, the GSEs say that if these fees continue to be “customarily paid by the property seller according to local convention, they will not be subject to financing concessions limits.”

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Buyers Agents Real Estate Agent Sellers 532

Housing Wire

MARCH 24, 2025

Traditionally, home sellers were also buyers, which kept the market moving. The discussion also touched on AIs role in mortgage lending, with a key takeaway being that AI should be focused on driving revenue, not just reducing costs. Today, many millennials often first-time buyers are fueling demand, but theyre not selling homes.

Technology 368

Technology Inventory Loan Officers Housing Market 368

Housing Wire

MARCH 22, 2021

John Hedlund: Non-delegated lending can serve multiple purposes for different types of lenders. For mortgage brokers looking to make the jump to mortgage banking, non-delegated lending is the perfect way to build the resume they need on their journey to a fully delegated, agency-approved seller and servicer.

Business 508

Business Lending Investors Sellers 508

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Sellers think it’s a seller’s market. Altos considers a score above 30 to be indicative of a seller’s market.

Housing Market 479

Housing Market Marketing Sellers Buyers 479

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them. In an extremely competive market?

Inspection 468

Inspection Sellers Buyers Tools 468

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. How to make a difference in your market With just these three instances, clearly unfair housing (and lending) still exist. Back to Bob’s American dream. But we are not powerless.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Lending 476

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Appraisal Buzz

DECEMBER 26, 2024

That level marks an increase of more than one percentage point both quarterly and annually, pushing the figure even farther above the common 28% lending guideline preferred by lenders. The national median home price climbed to $364,750 in the fourth quarter, while mortgage rates remained over 6%.

Housing Market 195

Housing Market Lending Buyers Sellers 195

The Appraiser Coach

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

AUGUST 14, 2020

I get it, the seller needs to move, but doing a quick closing to incentivize the seller to accept your offer is no longer a selling point. To mitigate these problems, lenders have to be willing to leverage technology that helps with automation but doesn’t remove the humanistic element of lending, Kelley said.

Real Estate 501

Real Estate Clients Lending Loan Officers 501

Housing Wire

FEBRUARY 3, 2025

Zalmanoff attributed the uptick in FHA loans to sellers accepting them when houses aren’t selling quickly. Louis -based Better Rate Mortgage , noted that in his local area, FHA loans are more common for those with higher debt-to-income ratios. He noted that despite a national slowdown in home sales , St.

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Government Loan Officers Buyers Finance 431

Appraisal Buzz

MARCH 27, 2025

As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. Although they are still below the 2007 peak, modest down paymentsthose usually made by first-time homebuyers or those who use government-backed lending choices like FHA or VA loanssaw an increase in payments as well.

Buyers 248

Buyers Inventory Housing Market Government 248

Housing Wire

AUGUST 8, 2024

That gets rolled into their debt-to-income ratio, which means they look like a riskier buyer, which means their mortgage loan gets priced higher, which means they have an additional disadvantage because the cost of lending goes up for them. So, this is a further challenge for them to even enter the housing market.”

Housing Market 488

Housing Market Marketing Mortgage Sellers 488

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Lower demand means that homes often sit on the market longer than usual.

Real Estate 468

Real Estate Agents Marketing Sellers 468

Housing Wire

JUNE 21, 2021

The data giant attributed this rise as a result of increased jumbo lending and consistent home price appreciation. “May marked the likely peak of the blazing hot pandemic housing market, as many buyers and sellers are vaccinated and returning to pre-pandemic spending patterns,” said Taylor Marr, Redfin lead economist. .

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Lending Sellers Housing Market Buyers 468

Housing Wire

FEBRUARY 8, 2021

Headquartered in Newport Beach, California, Excelerate Capital was an early adopter of non-QM lending following the advent of the Ability-To-Repay (ATR) rule in 2014. It also provides a full range of agency conforming financing, including FHA, VA, Fannie Mae and Freddie Mac programs.

Mortgage 418

Mortgage Retail Lending Finance 418

Housing Wire

JANUARY 4, 2023

We have a one-time close construction-to-permanent loan, and we are the largest seller of that product to the agencies. In addition to offering borrowers FHA loans, conventional purchase mortgages and refis, the lender specializes in retail channel construction loans, according to the firm. “We

Retail 508

Retail Mortgage Construction Loan Officers 508

Housing Wire

FEBRUARY 3, 2021

Wedgewood , a real estate investment firm that focuses on distressed properties, was the seller of Civic. This acquisition opens the door for us to grow in the private lending space with a proven market leader, creating value for both of our organizations. Non-QM lending is poised for growth in 2021. Presented by: Angel Oak.

Investors 441

Investors Real Estate Lending Investing 441