Housing Wire

AUGUST 11, 2022

In an additional note of caution looking forward, the lender’s SEC filing indicates that it cannot guarantee requests for future loan-covenant amendments or waivers will be agreed to by its lenders, “in which case we would be in default under these agreements.”. ” The lender wrote in its SEC filing that as of June 30, it had $90.8

Loans 393

Loans Principal Lending Mortgages 393

Housing Wire

JANUARY 11, 2024

Ginnie Mae: loans are our ‘absolute property’ In a filing to the court submitted on Wednesday, Ginnie Mae — using its official acronym “GNMA” in court filings — said that TCB cannot challenge the authority the company maintains over the reverse mortgage securities program. TCB’s interest, Ginnie Mae said, “derived entirely from RMF.”

Lending 412

Lending Bankruptcy Mortgages Principal 412

Housing Wire

AUGUST 14, 2020

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Lessinger is a founding principal and broker/owner of RE/MAX Realty in Nevada, having built a team of 130 agents in three offices over the span of 22 years.

Lending 291

Lending Principal Industrial Development 291

Housing Wire

APRIL 24, 2024

The company’s loan production pretax income was $35.9 Pennymac reported that the quarterly increase in production revenue was primarily tied to higher net gains on loans held for sale at fair value due to higher volumes in its direct-to-consumer channel. The total value of its loan acquisitions and originations dropped to $21.7

Lending 408

Lending Loans Principal Mortgages 408

Housing Wire

APRIL 12, 2024

The banks’ Q1 2024 earnings, released on Friday, showed declining home loan volumes compared to the prior quarter — and executives believe that the macroeconomic landscape will remain tough in the months to come. All of its production in Q1 2024 came from its retail branches and was mainly focused on purchase loans. billion in Q1 2024.

Mortgages 414

Mortgages Banks Fixed-rate mortgage Lending 414

Housing Wire

NOVEMBER 9, 2022

Garth Graham, senior partner and manager of merger and acquisition activities for the Stratmor Group , said many of the layoffs in the IMB industry so far have involved employees working in support positions, with loan officer jobs being the last to be jettisoned. Charting the loan officer exit.

Loan Officer 404

Loan Officer Loans Mortgages Industrial 404

Housing Wire

JUNE 28, 2023

Most mortgage professionals have either started to adopt artificial intelligence (AI) or are at least aware of how it can be adopted to make the loan origination process more efficient. “Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said.

Industrial 378

Industrial Mortgages Principal Loans 378

Housing Wire

FEBRUARY 22, 2024

The company reduced its cost structure by nearly 20% in 2023 following a nearly 25% reduction in 2022, but lower origination volume failed to keep the company profitable as the industry is still going through a challenging period for mortgage lending. billion in closed loan volume, down from $133.1 billion for all of 2022.

Mortgages 423

Mortgages Principal Lending Loans 423

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb.

Due diligence 378

Due diligence Mortgages Principal Lending 378

Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

Lending 197

Lending Mortgages Technology Loan Officer 197

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb.

Due diligence 369

Due diligence Mortgages Principal Lending 369

Housing Wire

APRIL 27, 2023

Financial wellness technology company EarnUp reached a new milestone last quarter, helping millions of Americans schedule mortgage, auto, and student loan payments through its Payday to Payday program and technology. Lending and servicing organizations turn to EarnUp to reduce risk and streamline operations.

Technology 348

Technology Lending Principal Loans 348

Housing Wire

JANUARY 10, 2022

Currently, the lender ranks sixth place among the top wholesale lenders in the nation, though its rebranding could signal that PennyMac is looking to increase its market share in the wholesale lending space. In the wholesale lending space, there has been a notable push to entice brokers to come onboard. As of Sept.

Principal 374

Principal Lending Loans Technology 374

Housing Wire

OCTOBER 12, 2021

PNC Bank allegedly breached Fannie Mae ’s COVID-19 payment deferral agreement by continuing to charge homeowners who opted for the home retention option for past-due monthly principal and interest payments. Additionally, the lawsuit claims that PNC’s practices violated the Maryland Consumer Protection Act (MCPA).

Banks 376

Banks Principal Loans Lending 376

Housing Wire

AUGUST 8, 2023

“While we continue the work of resetting our cost structure to align with generationally low unit volumes, we are also focused on the other pillars of Vision 2025, including capturing opportunities inherent in our strategy to expand purpose-driven lending that supports first-time homebuyers and diverse communities,” Martell said. million.

FHA loan 351

FHA loan Principal Lending Loans 351

Housing Wire

JANUARY 30, 2024

For at least the past five years, according to market data, the MSR sector has been increasingly dominated by nonbanks — with a good portion of the loan balance they service at historically low legacy rates. In 2019, total agency MSRs outstanding, based on agency loan balances serviced, stood at $6.219 trillion, Recursion data shows.

Marketing 379

Marketing Principal Banks Loans 379

Housing Wire

DECEMBER 7, 2023

Watch Now Wednesday CEO Playbook Loan Depot Speakers: Frank Martel, CEO, loanDepot. Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic.

Principal 394

Principal Title Lending Branding 394

Housing Wire

MARCH 20, 2024

“Although the timing of the cuts and when they will commence is still an open question, the fact that the recent uneven inflation data did not appear to alter the Fed’s projection of three rate cuts in 2024 is reason for optimism,” said Marty Green, principal at Polunsky Beitel Green.

Industrial 427

Industrial Mortgages Banks Principal 427

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

DECEMBER 13, 2023

It also has been a brutal year for the secondary market that creates liquidity for mortgage lenders as greatly reduced mortgage originations, liquidity challenges and interest rate volatility have played havoc in the whole-loan trading as well as the private-label and agency securitization channels. “The

Mortgages 380

Mortgages Marketing Banks Investor 380

Housing Wire

OCTOBER 2, 2023

Purchase loans comprised about 82% of overall mortgage lending in 2023 and ICE forecasts purchase lending to continue to dominate the market through next year. The high-interest rate environment continues to put downward pressure on mortgage origination activity.

Mortgages 411

Mortgages Equity Lending Principal 411

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. “It points from the 7.5%

VA loan 449

VA loan Agents Seller concession FHA loan 449

Housing Wire

APRIL 8, 2022

Gulotta has spent more than three decades on mortgage operations and wholesale sales, with stints at Movement Mortgage , Figure , Premier Lending , Quicken Loans (now Rocket Mortgage ), and Wells Fargo. “I Before joining Deephaven, Heitzmann was principal at LGH Consulting. Presented by: Angel Oak.

Sales 378

Sales Lending Principal Banks 378

Housing Wire

MARCH 3, 2022

The Department of Veterans Affairs is giving borrowers impacted by the pandemic an additional fifteen months to get loan payment relief. VA’s Loan Guaranty Service has taken multiple steps to assist veteran borrowers in retaining their homes and overcoming their individual financial situations due to the pandemic,” the spokesperson said.

VA loan 360

VA loan Pre-approval Principal Loans 360

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 439

Technology Development Title Lending 439

Housing Wire

AUGUST 4, 2022

Jay Farner, vice chairman and CEO of Rocket Companies, said the company introduced new lending programs, forged new mortgage partnerships, launched the solar business and expanded the brand to Canada during the quarter. billion in closed loans from April to June, down from $83.7 The company originated $34.5

Principal 404

Principal Lending Mortgages Loans 404

Housing Wire

MARCH 1, 2024

.” Take a look at the full list of this year’s honorees below!

Finance 412

Finance Principal Construction MLS 412

Housing Wire

SEPTEMBER 1, 2020

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. On July 24, the CFPB announced consent orders against Sovereign Lending Group, Inc.,

VA loan 457

VA loan Mortgages Loans Principal 457

Housing Wire

JUNE 28, 2022

In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment. million investment in eOriginal, a digital platform that aims to securely digitize the lending process from the borrower to the secondary market. Specific terms of the deal were not disclosed.

Sales 392

Sales Mortgages Loan Officer Principal 392

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets.

Mortgages 414

Mortgages Lending Banks Investor 414

Housing Wire

FEBRUARY 7, 2024

billion in consumer loans from Goldman Sachs and closed the acquisition of Sculptor Capital Management , bringing in $33 billion in assets under management. The company also announced a deal to acquire Computershare Mortgage Services , including Specialized Loan Servicing (SLS), adding $136 billion in unpaid principal balance (UPB) of MSR.

Loan Officer 388

Loan Officer Loans Mortgages Principal 388

Housing Wire

MARCH 25, 2022

Most of the positions to be eliminated are home loan specialists, including those with expertise in refinancing. Presented by: Acra Lending. Pennymac has said it is making an effort to boost its consumer direct lending business. In loan service, it is at 4.1% Pennymac did not respond to a request for a comment.

Lending 382

Lending Principal Loans Banks 382

Housing Wire

NOVEMBER 7, 2023

We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We Newrez has 16 joint venture partners, including Carolina One Mortgage, Milestone Home Lending and Summit Home Mortgage, according to its website.

Mortgages 404

Mortgages Principal Brokerage Lending 404

Housing Wire

SEPTEMBER 19, 2022

A perfect lending storm spurred by the pandemic resulted in an absolutely stunning year for the mortgage industry in 2020. In terms of demographics, in a more competitive marketplace, minority borrowers grew in their share of total loans closed. Black borrowers’ share of home purchase loans increased to 7.9% to 7.1%. .

Marketing 369

Marketing Loans Principal Mortgages 369

Housing Wire

AUGUST 9, 2022

A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. That’s based on a comparison of the principal balance of the loans on the books and their fair market value as reported by the REIT as of that date.

Marketing 389

Marketing Bankruptcy Loans Principal 389

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. ” Kiavi ranked as the top short-term lender in the fix-and-flip space in 2021, with $2.7

Investor 324

Investor Principal Loans Lending 324

Housing Wire

NOVEMBER 2, 2023

billion in sold loans through its direct-to-consumer channel, down from $12.4 Rocket’s servicing book unpaid principal balance, which includes subserviced loans, was $506 billion as of Sept. million loans serviced at the end of the third quarter, generating $1.4 billion of unpaid principal balance to its portfolio.

Principal 413

Principal Loans Technology Mortgages 413