Housing Wire

MARCH 20, 2024

They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. That way, credit unions, banks and other lenders [can use it] to help them get off to a good start.” s reverse division to transition back into a role as a reverse mortgage broker.

Development 441

Development Industrial Mortgages Loans 441

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product.

Development 430

Development Loans Banks Mortgages 430

Housing Wire

AUGUST 1, 2022

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. Rocket is targeting American homeowners with high household debt and credit card balances but strong home equity positions. . ” U.S. ” U.S.

Equity 388

Equity Loans Lending Banks 388

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The bank eliminated 72 mortgage jobs in Iowa across earlier layoffs. As the U.S.

Banks 370

Banks Loan Officer Loans Lending 370

Housing Wire

MARCH 8, 2023

Ohio-headquartered Park National Bank will pay $9 million under a settlement with the U.S. The DOJ also claims that the bank failed to take any meaningful measures to compensate for its lack of physical presence in majority-Black and Hispanic communities. Park National Bank didn’t respond to requests for comment.

Banks 387

Banks Lending Loans Mortgages 387

Housing Wire

JULY 3, 2024

Toronto-based HomeEquity Bank (HEB), Canada ’s leading reverse mortgage lender, announced that Katherine Dudtschak has assumed the role of CEO following the retirement of her predecessor, Steven Ranson. They’re looking at the equity and savings built up in the homes they love as a path to continued independence and dignity. “We’ve

Mortgages 417

Mortgages Banks Title Equity 417

Housing Wire

AUGUST 15, 2024

Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were primarily in response to the bank’s prior motion for a partial summary judgment and offer reasons why the motion should be denied. Attorneys for the U.S.

Bankruptcy 451

Bankruptcy Banks Development Loans 451

Housing Wire

OCTOBER 16, 2024

Carol Dujanovich, senior vice president and director of reverse mortgages at University Bank , has been reappointed to a new three-year term as a member of the U.S. Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC). Dujanovich was first appointed to HCFAC in late 2021.

Industrial 417

Industrial Banks Lending Equity 417

Housing Wire

JUNE 8, 2022

“We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. The more than six-month delay, FHFA officials said, was due to the development of the pilot transparency program, and the time it took to scrub proprietary information from the plans.

Equity 370

Equity Finance Loans Development 370

Housing Wire

MARCH 20, 2024

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week. JP Morgan Chase & Co. and Jefferies Financial Group Inc. — to take its lending division, LendCo , public.

Lending 430

Lending Equity Technology Banks 430

Housing Wire

JUNE 14, 2024

These market developments underscore the reality we must face: Playing the interest rate waiting game is not a viable strategy. These market developments underscore the reality we must face: Playing the interest rate waiting game is not a viable strategy. However, a record $17 trillion of home equity is still available in the market.

Loans 430

Loans Banks Equity Development 430

Housing Wire

SEPTEMBER 6, 2024

His daughter helped him qualify for a home equity line of credit to tap another $85,000. His daughter helped him qualify for a home equity line of credit to tap another $85,000. When he died in June at 96, he had only $45,000 left in the bank. “My senior-held home equity that rose to $13 trillion in first-quarter 2024.

Equity 441

Equity Finance Development Banks 441

Housing Wire

AUGUST 6, 2024

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

Mortgages 441

Mortgages Banks Title Lending 441

Housing Wire

AUGUST 9, 2024

Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. Blend’s platform segment includes its mortgage banking suite, which experienced a revenue decrease of 17% year over year to $18.5 million in Q2 2024.

Banks 428

Banks Loan Officer Loans Title 428

Housing Wire

JUNE 13, 2024

The lawsuit stems from a 2022 Bloomberg investigation that found Wells Fargo was the only large bank to deny more Black applicants than it accepted in 2020 during the refinancing boom. The systems merely indicate whether an applicant’s mortgage would be eligible for purchase by Fannie or Freddie.

Mortgages 441

Mortgages Equity Banks Loans 441

Housing Wire

JUNE 12, 2024

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Banks 424

Banks Development Equity Mortgages 424

Housing Wire

MARCH 27, 2024

Prior to his role with RMF, he was a senior executive in the reverse mortgage division at MetLife Bank , co-founder and co-president of EverBank Reverse Mortgage , and president of BNY Mortgage Co. Department of Housing and Urban Development (HUD)-approved Home Equity Conversion Mortgage (HECM) loan counselors.

Equity 441

Equity Banks Industrial Mortgages 441

Housing Wire

FEBRUARY 15, 2024

Wisconsin: No proprietary but plenty of opportunity Cullen, who works at University Bank , explained that while he occasionally gets business opportunities from outside Wisconsin , he prefers to remain within his home state since he likes to conduct business face to face as much as possible. So, for me, the HECM is the go-to product.

Mortgages 417

Mortgages Banks Equity Land 417

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Lending 430

Lending Technology Loans Equity 430

Housing Wire

JUNE 12, 2024

offerings under the Home Equity Conversion Mortgage (HECM) program. Department of Housing and Urban Development (HUD), reverse mortgages are primarily offered by private institutions in New Zealand. property taxes. I was accused by one of the speakers of being out of touch with reality.

Mortgages 435

Mortgages Banks Equity Development 435

Housing Wire

OCTOBER 22, 2024

Line of credit One such misconception touched on during the event focused on the Home Equity Conversion Mortgage ( HECM ) line of credit feature. It’s similar to the interest you earn on a bank account. …” The sentence was immediately interrupted by the shriek of a whistle, which surprised even the presenters themselves.

Mortgages 402

Mortgages Equity Industrial Banks 402

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call. Overall, HELOCS accounted for 20.7%

Equity 368

Equity Lending Finance Loans 368

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. In the first week of October, the bank also launched a $1.5 In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

APRIL 4, 2024

The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the government-owned company but will allow the majority of the case to progress, according to court filings reviewed by RMD. Presiding Judge Matthew Kacsmaryk ruled in the U.S.

Banks 429

Banks Title Development Equity 429

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 512

Banks Lending Loans Principal 512

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . Before joining Mr. Cooper, he held executive positions at First Horizon National Corporation and Capital Bank. Jaime Gow will hold the president of executive vice president and chief financial officer position.

Banks 403

Banks Principal Finance Equity 403

Housing Wire

OCTOBER 15, 2021

The development teams inside of a lender’s business can implement the capabilities anyway they like, and configure it to their current digital experience, tech stack, and use case, Bhat explained. Image courtesy of Roostify. What also sets it apart is that it’s already boosting FI scores,” Bhat said.

Lending 400

Lending Staging Banks Equity 400

Housing Wire

AUGUST 26, 2024

Many independent mortgage banks opted to sell a substantial portion of their MSRs, aiming to free up cash and stay afloat amidst declining origination activity, anticipating future regulatory capital requirements or simply lacking interest in maintaining these assets. The dynamic has led to a repositioning of players in the market.

Mortgages 440

Mortgages Banks Debt-to-income ratio Loans 440

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. among others. among others. million security backed by non-QM mortgages.

Mortgages 387

Mortgages Principal Banks Equity 387

Housing Wire

SEPTEMBER 27, 2024

We bake in aspects where we serve our tech to servicers or credit unions or banks to help them reduce default risks by doing a lot of data analysis behind the scenes to help them identify how they can reduce risk of non-payments, reduce any default risk, and keep their books healthy but also keep the consumers in a healthy place.

Loan Officer 417

Loan Officer Technology Banks As-is 417

Housing Wire

MAY 24, 2021

COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. In addition to the funding round, Stavvy also announced its alliance with Flagstar Bank , the sixth-largest bank mortgage originator in the country, to provide remote loan modification services.

Land 430

Land Lending Technology Banks 430

Housing Wire

MAY 17, 2022

Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, LLC , a provider of quality control audit mortgage software and fraud prevention services. A group of investors led by Ocean Avenue Capital Partners provided equity capital in the transaction. Lenders, are you prepared for 2022’s challenges? Presented by: DataVerify .

Equity 370

Equity Investor Lending Technology 370

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. The companies are U.S.-based, 5000 – 2023

Loan Officer 370

Loan Officer Mortgages Fixed-rate mortgage Loans 370

Housing Wire

APRIL 19, 2022

Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As The Vesta Equity and Dwellsy investments were made in partnership with Frontiers Capital.

Equity 388

Equity Technology Investor Residential 388

Housing Wire

JULY 25, 2024

But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire ’s Reverse Mortgage Daily (RMD) that he made the transition from industry professional to customer. You spent just under 20 years in the business.

Mortgages 425

Mortgages Principal Development Industrial 425

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 460

Technology Title Development Lending 460