Housing Wire

JANUARY 22, 2024

Top-35 mortgage lender New American Funding (NAF) is in negotiations to acquire Chicago-based retail shop Draper & Kramer Mortgage Corp. The sources said negotiations are in the late stages and remaining details are expected to be finalized this month. Mortgage tech platform Modex shows $8.2 Draper and Adolph F.

Mortgages 320

Mortgages Loan Officer Residential Loans 320

Housing Wire

SEPTEMBER 28, 2023

mortgage delinquencies remained almost unchanged in July, nudging up 0.1 mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a news release. Overall U.S.

Mortgages 370

Mortgages Staging Equity Principal 370

Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

Finance 324

Finance Industrial Development Mortgages 324

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.

Mortgages 323

Mortgages Finance Development Staging 323

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Banks 332

Banks Brokerage Mortgages Loans 332

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

Industrial 332

Industrial Mortgages Marketing Finance 332

Housing Wire

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. But compare mortgage delinquencies over the same period: 2.8% While there was a decrease in the share of mortgages six months or more past due, there was a compensating increase in early-stage delinquencies. The overall U.S.

Mortgages 401

Mortgages Principal Staging Loans 401

Housing Wire

AUGUST 22, 2023

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association ’s (MBA) monthly loan monitoring survey. Mortgage servicers have provided forbearance to about 7.9 By stage, 36.5% are in a forbearance extension.

Mortgages 306

Mortgages Staging Loans Investor 306

Housing Wire

JULY 25, 2022

The national mortgage delinquency rate rose in June after hitting consecutive record lows in each of the previous three months. million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a 5% increase from May. Presented by: Selene Finance. A total of 1.51

Mortgages 347

Mortgages Staging Lending Loans 347

Housing Wire

APRIL 17, 2023

As the COVID-19 national emergency draws to a close, the forbearance rate has decreased month over month, according to a report from the Mortgage Bankers Association (MBA) on Monday. of total loans were in the initial plan stage last month and 52.9% The survey showed that 33.8% were in a forbearance extension. The remaining 13.3%

Closing 340

Closing Mortgages Loans Staging 340

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS. in the mortgage lending space. .

Mortgages 344

Mortgages Banks Loans Lending 344

Housing Wire

MAY 8, 2024

Let’s see how this has played out in different stages of the economy. After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes.

Staging 411

Staging Loans Mortgages Sales 411

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 333

Banks Mortgages Technology Branding 333

Housing Wire

MARCH 7, 2024

Powell noted that regulators were in the early stages of absorbing feedback and evaluating possible changes. The proposed reforms have sparked particular concerns within the housing sector, notably regarding the impact on the jumbo mortgage market and regional banks. He refrained from commenting on specific changes.

Banks 344

Banks Lending Residential Staging 344

Housing Wire

OCTOBER 13, 2023

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks to acquire Fairway Independent Mortgage Corp. The talks remain ongoing and are not believed to be in the late stages, sources said. mortgage lender, originated $13.37

Loan Officer 464

Loan Officer Loans Mortgages Finance 464

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgages 341

Mortgages Technology Closing costs Title 341

Housing Wire

NOVEMBER 16, 2020

forbearance rate measuring the share of mortgages with suspended payments experienced a 20 basis points improvement last week after it fell to 5.47% from 5.67% the week prior , according to the Mortgage Bankers Association. million homeowners still in mortgage forbearance plans. Presented by: TMS. In fact, an estimated 76.4%

Mortgages 457

Mortgages Loans Staging Banks 457

Housing Wire

OCTOBER 26, 2020

forbearance rate measuring the share of mortgages with suspended payments fell slightly to 5.9% last week, according to the Mortgage Bankers Association. The Federal Housing Finance Agency followed suit, announcing it would continue to buy qualified loans in forbearance through Nov. in the prior week , the MBA report said.

Mortgages 452

Mortgages Loans Lending Staging 452

Housing Wire

MAY 1, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.

Development 382

Development Mortgages Staging Equity 382

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. My father had been diagnosed with stage four liver failure at that time, and we were aggressively looking for a home so he could move in with my family. I was beyond done.

VA loan 386

VA loan Mortgages Marketing Loans 386

Housing Wire

SEPTEMBER 22, 2021

Even though it’s rare that housing finance is listed on someone’s career aspirations when leaving high school, it doesn’t mean that the people who are in this space are any less passionate about what they do. If you were standing on a stage giving an acceptance speech, who would you want to thank for helping you get where you are today?

Industrial 260

Industrial Mortgages Lending Technology 260

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 351

Renovation Fixed-rate mortgage Equity Finance 351

Housing Wire

SEPTEMBER 9, 2021

Dave Sheeler, president of residential servicing and correspondent lending at Freedom Mortgage. Even though it’s rare that housing finance is listed on someone’s career aspirations when leaving high school, it doesn’t mean that the people who are in this space are any less passionate about what they do. Become a member today.

Industrial 314

Industrial Mortgages Lending Residential 314

Housing Wire

OCTOBER 10, 2023

CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 300 real estate and mortgage professionals. He noted the benchmark 10-year Treasury yield edged 4.8% for the first time since 2007.

Mortgages 283

Mortgages Banks Staging Industrial 283

Housing Wire

NOVEMBER 16, 2023

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months. On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates.

Construction 384

Construction Finance Staging Land 384

Housing Wire

MAY 22, 2024

” Boltansky spoke on stage this week during a session about revisiting GSE reform during the Mortgage Bankers Association ‘s (MBA) 2024 Secondary and Capital Markets Conference and Expo.

Investor 365

Investor Staging Mortgages Finance 365

Housing Wire

DECEMBER 22, 2023

Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. My goal with my career in mortgage is to help bridge the generational gap between mortgage professionals and next-generation borrowers. So, what does this mean for the world of real estate finance?

Branding 412

Branding Technology Finance Industrial 412

Housing Wire

JULY 5, 2023

From listening to executives at the biggest companies in real estate and mortgage to dedicated panels on growing women in leadership and how to build competitive marketing strategies , you can find inspiration on stage in Austin, Texas. Future-proof your business with this year’s powerful HW Annual agenda.

Development 298

Development Marketing Staging Lending 298

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. The panel noted the findings of the latest Fannie Mae mortgage lender sentiment survey.

Due diligence 371

Due diligence Lending Technology Mortgages 371

Housing Wire

DECEMBER 26, 2023

But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I At this stage there is obviously a wide range of potential outcomes of how the lawsuit storyline could unfold next year. “At

Brokerage 402

Brokerage Mortgages Agents Industrial 402

Housing Wire

MAY 23, 2023

Mortgage tech company Blend has launched a soft credit inquiry function for lenders at a time when the industry is facing higher credit report fees. With Blend’s soft credit functionality, lenders can expect to save about $50 per file for borrowers at this high-attrition stage of the process,” the company said Tuesday.

Finance 347

Finance Staging Mortgages Industrial 347

Housing Wire

FEBRUARY 28, 2022

Maintaining and deepening relationships with borrowers is important for lenders, but it takes valuable time away from other business efforts for mortgage organizations. Black Knight’s Surefire CRM and Mortgage Marketing Engine helps mortgage professionals win new business, drive repeat business and gain referral business.

Marketing 299

Marketing Mortgages Branding Lending 299

Housing Wire

JUNE 30, 2023

From Anywhere Brands Chief Marketing Officer Amory Wooden to Newrez President Baron Silverstein, this line-up of speakers — who are collectively moving markets forwards — is one we’re excited to showcase on stage in Austin, Texas from Oct. To lean into our Texas roots, this isn’t their first rodeo.

Lending 288

Lending Staging Branding Mortgages 288

Housing Wire

DECEMBER 21, 2020

The moratorium directs mortgage servicers to halt all new foreclosure actions and suspend all foreclosure actions currently in progress, excluding legally vacant or abandoned properties. Low mortgage rates fuel the demand for valuation and settlement services. Presented by: VRM Mortgage Services. 28, 2022.

Finance 545

Finance Mortgages Inspection Staging 545

Housing Wire

JUNE 22, 2023

The Federal Housing Finance Agency (FHFA) announced late last year that it is replacing the Classic FICO credit model used by Fannie Mae and Freddie Mac with the FICO 10T and the VantageScore 4.0 Both letters say that such a transition accounts for “one of the most ambitious projects ever undertaken within the housing finance system.”

Finance 291

Finance Staging Mortgages Loans 291

Housing Wire

JULY 26, 2021

Servicers’ forbearance portfolio volume fell two basis points to 3.48% from 3.50% last week, according to a survey from the Mortgage Bankers Association. The Federal Housing Finance Agency , which oversees Fannie and Freddie, echoed that its ban will lift at the end of the month. By stage, 9.8% Approximately 1.74

Staging 464

Staging Loans Finance Development 464

Housing Wire

OCTOBER 5, 2023

Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Das’ career also includes positions as CEO, president and chairman of the board of directors for Citigroup ‘s mortgage division. The firm has been in the real estate business since 2020.

Technology 351

Technology Loans Lending Residential 351