Housing Wire

MARCH 27, 2024

New York-based multichannel lender US Mortgage Corporation is expanding its efforts in the reverse mortgage space, illustrating its focus on growth. The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending.

Mortgages 403

Mortgages Loan Officer Lending Loans 403

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? So, we can now add a new variable into the equation for 2023: What does a banking crisis mean for mortgage rates?

Banks 381

Banks Marketing Mortgages As-is 381

Housing Wire

SEPTEMBER 23, 2022

Last year, in a Housing Wire op-ed , Community Home Lenders of America took the lead nationally in opposing calls to extend the Community Reinvestment Act (CRA) to independent mortgage banks (IMBs). . And HousingWire brought us together for a spirted “Lunch and Learn” debate on the topic. So why would we extend it to IMBs?

Banks 339

Banks Lending Loans Mortgages 339

Housing Wire

NOVEMBER 3, 2022

One mortgage M&A expert believes that of the 130 or so IMBs that did $1 billion to $2 billion for production in 2021, 17% of them will not even be able to do $500 million over the 12 months ending June 30, 2023. The outlook is not good for large cohorts of the industry.”. trillion in 2021.

Banks 397

Banks Mortgages Loans Equity 397

Housing Wire

APRIL 8, 2024

The Mortgage Bankers Association (MBA)’s policy advocacy group, the Mortgage Action Alliance (MAA), is urging its members in the state of Massachusetts to support the continued use of remote telephone and video counseling for reverse mortgages in the state following the lapse of an exemption allowing for remote counseling.

Mortgages 324

Mortgages Equity Banks Industrial 324

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up. In our business, that’s the refinance transaction.

Mortgages 438

Mortgages Technology Loan Officer Loans 438

Housing Wire

DECEMBER 7, 2023

Flagstar ’s presence and expertise in the third-party wholesale mortgage origination market have combined to create a history of success extending over 35 years. Business partners that work with Flagstar see its one-stop-shop business model as a convenient and complementary platform and a catalyst to growing their own businesses.

Lending 314

Lending Banks Technology Mortgages 314

Housing Wire

JUNE 22, 2023

This also applies to mortgage financing, despite Southern residents applying for mortgage loans at the same rate as the rest of the nation. In the “ Banking and Credit Access in the Southern Region of the U.S. Key mortgage findings in the second report highlight the difficult road to mortgage financing for Southern consumers.

Mortgages 324

Mortgages Banks Lending Finance 324

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. We have organizations [working] to create some standardization.

Mortgages 394

Mortgages Banks Technology Finance 394

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 The space remains dominated by depository banks.

Banks 363

Banks Renovation Marketing Lending 363

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% and Longbridge Financial recorded increases for the month.

Mortgages 379

Mortgages Seller concession Principal Loans 379

Housing Wire

AUGUST 17, 2023

The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023. That 10-year yield channel equates to 5.75%- 7.25% mortgage rates. of the time.

Mortgages 369

Mortgages Banks As-is Closing 369

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market. We’re well-capitalized and committed to mortgage, particularly the broker channel.

Lending 334

Lending Banks Technology New Construction 334

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 363

Marketing Principal Banks Loans 363

Housing Wire

FEBRUARY 13, 2024

The data produced when properties are listed for sale contains essential market information that can serve many business and risk management use cases,” said Ben Graboske, president of mortgage data and analytics for ICE fixed income and data services.

MLS 382

MLS Technology Mortgages Banks 382

Housing Wire

JULY 29, 2022

As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. With mortgage origination volume expected to drop by about 40% to $2.4 The importance of consumer-facing tech ranked third, continuing its downward trend after peaking in 2019.

Mortgages 383

Mortgages Loan Officer Lending Banks 383

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

Technology 366

Technology Mortgages Loans Industrial 366

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgages 368

Mortgages Loan Officer Banks Lending 368

Housing Wire

SEPTEMBER 1, 2021

A 50-year-old former unlicensed mortgage broker from Long Island, New York, pleaded guilty Wednesday to defrauding clients and wholesale lenders out of $4.7 million in mortgage refinancing proceeds that were supposed to pay off existing client mortgages. Presented by: Flagstar Bank. Attorney’s Office said Wednesday.

Mortgages 383

Mortgages Bankruptcy Banks Brokerage 383

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex is one of Texas’ largest banks, with $8.8 It primarily works with small- and medium-sized businesses. billion in assets at the end of 2020.

Mortgages 363

Mortgages Lending Banks Loans 363

Housing Wire

OCTOBER 16, 2023

And the grind may not end anytime soon, Mortgage Bankers Association President and CEO Bob Broeksmit told attendees in a fiery speech at the trade group’s annual conference this week in Philadelphia. “Normally, I talk about the remarkable work you did over the previous year. on a standard 30-year fixed-rate mortgage.

Fixed-rate mortgage 398

Fixed-rate mortgage Banks Lending Mortgages 398

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.”. “We

Lending 421

Lending Mortgages Marketing Loans 421

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. These innovative solutions helped us attract new clients into the Rocket ecosystem.”

Equity 398

Equity Bankruptcy Loans Mortgages 398

Housing Wire

JUNE 6, 2023

Union Home Mortgage (UHM), an independent mortgage banking company, announced on Tuesday that it has appointed Linda Thomas as regional manager for the company’s Florida operations. “Florida has always been a key focus for us. Union Home Mortgage Corp. We’re happy to have her on the team.”

Loan Officer 365

Loan Officer Banks Lending Mortgages 365

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. Is now a good time to invest in real estate automation technologies?

Lending 397

Lending Brokerage Mortgages Banks 397

Housing Wire

APRIL 3, 2023

The tumult in the banking industry set off by the failure of Silicon Valley Bank (SVB) on March 10, followed two days later by the collapse of Signature Bank , has sparked fear in the markets over a potential broader contagion infecting the entire financial industry — and ultimately the U.S.

Banks 352

Banks Lending Industrial Mortgages 352

Housing Wire

MAY 8, 2023

Flagstar Bank , a top-25 U.S. mortgage lender, recently participated in two M&A deals. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. “We are what we call a one-stop shop mortgage model,” he said. .

Banks 319

Banks Lending Loans Mortgages 319

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. A couple of things.

Industrial 397

Industrial Mortgages Loan Officer Banks 397

Housing Wire

MAY 5, 2022

Homebuyers will have to look elsewhere to secure a mortgage, as the members-only big box store announced it’s no longer in the business of financing homes. Costco’s announcement says simply: “Members with questions regarding their current mortgage application and loan should contact the lender they have been working with.”.

Mortgages 370

Mortgages Equity Finance Loans 370

Housing Wire

JULY 21, 2022

Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. Bankruptcy Court in Delaware — show the lender owes more than $400 million to four warehouse lenders, which include Customers Bank, Flagstar Bank, Texas Capital Bank and J.V.B. Pleadings filed in the case — now pending in U.S.

Bankruptcy 393

Bankruptcy Banks Pre-approval Principal 393

Housing Wire

SEPTEMBER 10, 2021

According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk profile, resulting in “reckless practices.”

Lending 458

Lending Banks Loans Mortgages 458

Housing Wire

OCTOBER 16, 2020

Our job as mortgage professionals is to help consumers when and how they need us. About Jornaya: Jornaya has proprietary access to data in markets where customers invest significant time researching, analyzing, and comparing options on major purchases, including real estate, mortgage, and banking. Already a member?

Mortgages 544

Mortgages Finance Banks Industrial 544

Housing Wire

JUNE 16, 2023

This bidirectional integration, available to financial institutions, including independent mortgage banks nationwide, enables real-time sharing of loan application data, milestone updates, and documents. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders. .”

Loan Officer 347

Loan Officer Technology Loans Banks 347

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market.

Mortgages 352

Mortgages VA loan Loans Technology 352

Housing Wire

DECEMBER 22, 2023

Since inception, both WFG and MyHome have been dedicated to providing transparency and empowerment to all mortgage transaction participants,” Steve Ozonian , the CEO and president of WFG, said in a statement. “As Launched in 2004, 10 of the nation’s top 30 banks work with Volly.

Title 400

Title Staging Technology Banks 400

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. Lind is projecting that Acra’s non-QM mortgage originations will increase to about $2.6 Another plus for non-QM lending has been the volatility in the banking sector. “I billion in 2023, an increase from $2.1

Marketing 355

Marketing Lending Loan Officer Banks 355