Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

Mortgages 347

Mortgages Loan Officer Loans Banks 347

Housing Wire

MAY 23, 2024

Freddie Mac ’s head of single-family acquisitions, Sonu Mittal , this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about its impacts on the secondary market. “Six Six out of 10 borrowers are below a 4% mortgage rate.

Equity 334

Equity Closing Mortgages Lending 334

Housing Wire

SEPTEMBER 1, 2023

trillion network of Federal Home Loan Banks (FHLBs), Bloomberg reported , citing people familiar with the matter. The closed-door discussion by the FHFA, which is part of a regulatory review of the FHLB system, could be the first step to giving many more firms access to a coveted financial backstop currently reserved mostly for banks.

Mortgages 326

Mortgages Banks Finance Loans 326

Housing Wire

SEPTEMBER 11, 2023

The Mortgage Bankers Association (MBA) presented its annual Ken Markison Legacy Achievement award to Michael Eising, a vice president and mortgage compliance manager at Merchants Bank of Indiana. His overarching duty remains to steer the bank’s mortgage operations into full alignment with both federal and state legal mandates.

Banks 340

Banks Mortgages Development Industrial 340

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Qualia announced Wednesday that it has extended the capabilities of its real estate closing platform with the launch of a remote online notarization product.

Closing 265

Closing Title Branding Banks 265

Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

Banks 310

Banks Loans Development Mortgages 310

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. The entire system has to be designed to inflate the price over time. This is what we do in America.

Loans 541

Loans Banks Equity Closing costs 541

Housing Wire

MARCH 12, 2024

Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing and e-closing. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Lending 324

Lending Technology Loans Equity 324

Housing Wire

MAY 1, 2023

The tool is designed to address the issue of sensitive data being handled by lenders and loan officers on a daily basis, including social security numbers, paystubs, and tax returns. According to Maxwell, the company’s suite of tools have resulted in a 20% increase in loans closed per loan officer.

Loan Officer 306

Loan Officer Mortgages Loans Technology 306

Housing Wire

JULY 26, 2023

Early this month, UWM announced home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM started offering Fannie Mae ‘s Special Purpose Credit Program (SPCP) through HomeReady as well as Freddie Mac ’s BorrowSmart Geo-Target program in select metro areas.

Investor 370

Investor Closing costs Loans Mortgages 370

Housing Wire

MARCH 7, 2024

Biden will also call for “lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters,” according to the White House announcement. The mortgage relief credit would provide “middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years,” according to the announcement.

Construction 524

Construction Closing costs Renovation Title 524

Housing Wire

OCTOBER 16, 2023

I close by reviewing what lies ahead – the policies we’re shaping, and the progress we hope to make,” Broeksmit said. ” He said that the proposed new capital increases for banks “are a dagger aimed at the heart of the housing market.” It gave no proof that non-banks are systemically important.

Fixed-rate mortgage 349

Fixed-rate mortgage Banks Lending Mortgages 349

Housing Wire

MAY 20, 2024

FDIC), including as a representative on the deputies committee of the FSOC, where he helped to build its nonbank designation program. If I were the state regulators, I would look at this closely and see where we need to up our game … That’s a tall order to do at a state level,” Cave said. He left the FHFA in February.

Bankruptcy 319

Bankruptcy Finance Mortgages Banks 319

Housing Wire

APRIL 9, 2024

Homeownership is used far too often as the federal piggy bank. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. But now a new threat is emerging on this front. Such opportunities may arise. All these homebuyer charges add up.

FHA loan 415

FHA loan Loans Title Mortgages 415

Housing Wire

FEBRUARY 29, 2024

Department of Housing and Urban Development (HUD) and the White House announced plans to extend the Federal Financing Bank (FFB) risk-sharing program, two prominent housing associations shared their differing perspectives on the move. In a series of policy announcements designed to address housing supply and affordability, HUD, the U.S.

Finance 279

Finance Lending Loans Construction 279

Housing Wire

MAY 14, 2024

Homeownership is used far too often as the federal piggy bank. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. But now a new threat is emerging on this front. Such opportunities may arise. All these homebuyer charges add up.

FHA loan 287

FHA loan Loans Title Mortgages 287

Housing Wire

JULY 14, 2023

Discriminatory practices and policies in government, the banking, and real estate industries continue to impede access to homeownership for [Black, Indigenous, People of Color (BIPOC)] households today,” the summary explained.

Closing costs 343

Closing costs Land Design Banks 343

Marco Santarelli

MARCH 26, 2023

Banking Crisis Explained In this article, we will discuss banking crises. In today's world, the economy is heavily dependent on the banking system. Banks are essential institutions that provide credit, manage savings, and promote investments. history since the 2008 financial crisis.

Banks 45

Banks Lending Loans Industrial 45

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. Technology has evolved significantly since I started in REO 15 years ago, from the marketing strategy to closing and all milestones in between.

Technology 356

Technology Loans Design Sales 356

Housing Wire

AUGUST 10, 2023

Blend Builder — a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts – is a “key driver of the company’s growth strategy,” Ghamsari noted. The mortgage banking suite revenue declined by 17% year-over-year to $22.3

Banks 306

Banks Title Mortgages Loans 306

Housing Wire

AUGUST 6, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. and Capital One Bank (USA) N.A. It also was based on the bank’s failure to correct the deficiencies in a timely manner, according to the OCC.

Banks 412

Banks Branding Design Technology 412

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. That offering, Unlock HEA Trust 2023-1, is slated to close this week. Unlike banks and credit unions, nonbanks can’t hold these [home equity] loans on their balance sheets. …

Equity 360

Equity Purchase and sale agreement Marketing Lending 360

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. Presented by: Sagent Lending Technologies.

Land 337

Land Lending Technology Banks 337

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 347

Commercial Brokerage Due diligence Title 347

Housing Wire

JULY 28, 2021

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Blend went public on July 16 and closed its first day of trading at $20.90 The stock price hit a closing low of $17.26

Equity 381

Equity Lending Banks Development 381

Housing Wire

DECEMBER 30, 2022

In those years I originated, underwrote, processed and closed. in mortgage banking. I always enjoyed beautiful and simple designs. Specifically mid-century modern designs with clean lines that serve a simple function have been a favorite of mine well before they became popular again in recent years.

Lending 338

Lending Design Mortgages Technology 338

Housing Wire

MARCH 1, 2023

The Federal Housing Finance Agency (FHFA) issued a request for information in January 2021 focused on Climate and Natural Disaster Risk Management at Fannie Mae , Freddie Mac, and the Federal Home Loan Banks. property inspections) allowing them to restart their origination pipelines much sooner and continue to close loans without delay.

Industrial 323

Industrial Banks Loans Design 323

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Among its dozens of limited partners are major banks, which are the kinds of customers Blend is servicing, Mayopoulus pointed out.

Loans 481

Loans Banks Loan Officer Branding 481

Housing Wire

SEPTEMBER 23, 2022

Texas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company (AMSC). Thrive’s chief operations officer Selene Kellam , who designed the lender’s operations workflow, will be the chief executive officer starting in 2023.

Mortgages 368

Mortgages Loan Officer Banks Loans 368

Housing Wire

APRIL 2, 2023

What makes Qualia’s title and escrow products unique is the ability to achieve an unparalleled level of internal team connectivity, as well as connectivity with other transaction parties — such as lenders, brokerages, vendors, underwriters, banks and consumers — by bringing everyone together via a shared system.

Title 319

Title Banks Brokerage Closing 319

Housing Wire

JANUARY 28, 2021

Those stockholders have also granted the underwriters – which include Goldman Sachs , Wells Fargo , Morgan Stanley and UBS Investment Bank – the option to purchase an additional 1.087 million shares of common stock. ” The offering is expected to close on Feb. UWM’s price, however, has scuffled, closing Thursday at $9.96

Equity 531

Equity Loans Lending Banks 531

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. million closed-end site-built single-family originations in 2022, down from 13.7 Banks collectively originated 28.7% Unfortunately, there’s been no sign of relief in 2023.

Debt-to-income ratio 342

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 342

Housing Wire

OCTOBER 31, 2023

There is also the transition when you close your loan and go to yet another place to engage with your servicer. This really comes down to designing products and experiences around the customer journey and mapping it from that point of view. Remember their birthday, reach out to celebrate the anniversary of their closing day.

Technology 346

Technology Loan Officer Loans Banks 346

Housing Wire

NOVEMBER 21, 2022

The GTOs and the $300,000 reporting requirement were established in 2016 by FinCEN and were originally designed to target shell companies purchasing real estate in Manhattan and Miami. When the ANPRM comment period closed in late February, FinCEN had received over 150 public comments. real estate market to launder money.

Title 338

Title Land Banks Commercial 338

Realtor.com

MARCH 9, 2021

They surveyed 68 of the nation’s top influencers and designers about the year’s top color trends, and we’re sure these exciting new palettes and design schemes will help inspire your next interior styling session. “This is an easy way to revamp your home’s design without needing to think outside the box.”. “For

Design 137

Design Staging Banks Closing 137

Housing Wire

MAY 23, 2024

Bettios has been at NFM Lending for seven years and previously worked at US Bank Home Mortgages and First American Mortgage Solutions. But all of the other product design and execution and rollout happens out of our offices. Our team’s success is we’re very close to sales and operations.

Loan Officer 320

Loan Officer Lending HR Loans 320

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” For example, bank regulators in July released a plan to increase capital requirements for residential mortgages, the Basel III Endgame rules. Banks will always serve their best clients.

Equity 298

Equity Banks Investor Residential 298