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.

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Technology Development Title Lending 407

Housing Wire

JANUARY 23, 2024

District Court for the Northern District of Texas between warehouse lender Texas Capital Bank (TCB) and Ginnie Mae is progressing with new, pretrial deadlines that have been set by a magistrate judge, according to court documents reviewed by RMD. In TCB’s initial complaint, the bank mentions appointed and U.S.

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Bankruptcy Banks Loans Equity 338

Housing Wire

OCTOBER 17, 2023

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years. But she noted that not all investors operate this way.

MLS 368

MLS Short sale Equity Banks 368

Housing Wire

APRIL 19, 2022

At an investor conference last fall, Redwood Trust Inc. 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. The amount of the investments was not revealed.

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Equity Technology Investor Residential 332

Housing Wire

JUNE 27, 2023

The list includes potential irregularities regarding the Community Development Financial Institutions ( CDFI ) regulations, specifically a rule requiring lenders to provide annual documentation attesting that 60% of their loans go to the target markets certified by the U.S. ”

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Loans Investor Banks Lending 300

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. Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements.

Equity 291

Equity Investor Lending Technology 291

Housing Wire

SEPTEMBER 27, 2023

Surveyed professionals also pointed to finding investor clients and have had success with products such as non-qualified mortgages ( non-QM s), down payment assistance programs (DPAs) and home equity line of credits ( HELOC s).

Mortgages 365

Mortgages Marketing Banks New Construction 365

Housing Wire

OCTOBER 22, 2021

The funding consists of $20 million in equity and $30 million in debt, UpEquity said in a statement. Other investors included Next Coast Ventures , BP Capital Management , Alumni Ventures , Gaingels, Launchpad Capital, and Early Light Ventures. million in equity and $17.5 UpEquity has raised a total of $77 million to date.

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Investor Equity Mortgages Closing 328

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . Even though J.P. It’s very hard to hack a blockchain.”. You don’t need it.”.

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Equity Due diligence Technology Investor 368

Housing Wire

AUGUST 21, 2023

5000 list an impressive five times: Total Expert , which offers CRM and data-driven customer engagement solutions, turning customer insights into actions to increase loyalty and drive growth; and FirstClose , a tech solution provider for HELOC and home equity lenders. 658 in the 2023 Inc. Other established names to make the Inc.

Equity 345

Equity Technology Investor Lending 345

Housing Wire

FEBRUARY 10, 2021

Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Pamela Perry.

Fixed-rate mortgage 354

Fixed-rate mortgage Equity Investor Development 354

Housing Wire

FEBRUARY 21, 2024

Navy captain who served as the vice president of business development for multinational firm BAE Systems before joining Sagent on Feb. The company also said the platform brings an “embedded compliance rules engine that proactively prevents errors and enables anytime auditability against investor requirements.”

Technology 319

Technology Mortgages Equity Banks 319

Housing Wire

SEPTEMBER 2, 2022

In addition, the ETF invests in MBS backed by loan pools sourced from non-traditional loan originators, including Community Development Financial Institutions and minority-owned banks. Among Impact Shares’ partners are the NAACP, the YWCA , the United Nations Capital Development Fund and more, according to Owens.

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Closing Marketing Investor Banks 398

Marco Santarelli

DECEMBER 24, 2023

Successful real estate investors aren’t made overnight. It’s not easy to succeed in real estate investing, but there are some tips to become a successful real estate investor. Getting lucky on one investment does not amount to becoming a successful real estate investor. The same is valid for real estate investing.

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Investor Finance Equity Land 88

Housing Wire

MAY 24, 2021

COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. How modernized servicing creates customers for life.

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Land Lending Technology Banks 346

Housing Wire

AUGUST 5, 2021

Department of Housing and Urban Development over their past comments in support of defunding the police, while Democrats asked them how they would tackle housing affordability. Senate Committee on Banking Housing and Urban Affairs that ranged from housing policy to opinions expressed on social media.

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Equity Investor Banks Title 391

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. UWM in March also launched a bank statement product for self-employed borrowers and loans for real estate investors.

Mortgages 382

Mortgages Equity Loans Seller concession 382

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.

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Banks Lending Loans Principal 417

Housing Wire

JANUARY 9, 2023

The two SFR companies, among the largest operators in the space, announced this past summer that they have thousands of build-for-rent homes planned for development or already in the construction pipeline — some 12,000 on a combined basis. Redfin defines investors as any institution or business that acquires residential real estate.

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Marketing Construction Development Investor 544

Housing Wire

FEBRUARY 8, 2021

The Senate Committee on Banking, Housing and Urban Affairs confirmed Marcia Fudge as the next secretary of the U.S. Department of Housing and Urban Development in a bipartisan vote, sending her nomination to the full Senate. If consumers aren’t holding lenders back, then who or what is?

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Banks Equity Development Investor 412

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program. 17, 2024.”

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Lending Bankruptcy Mortgages Principal 360

Housing Wire

JULY 31, 2022

Wolters Kluwer solutions are complete, scalable and integrated with a digital ready secondary market ecosystem that includes the GSEs, Ginnie Mae, large investors, leading originators, warehouse lenders and custodians,” explained Meirink. Simon Moir – Vice President, Banking Compliance Solutions.

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Lending Equity Technology Banks 300

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

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Lending Technology Loan Officer Equity 321

Housing Wire

JULY 26, 2023

While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. The recent slowdown in inflation makes it hard for central bank officials to firm up plans for any additional rate increase.

Fixed-rate mortgage 367

Fixed-rate mortgage Investor Mortgages Banks 367

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. Over time, we expect to diversify our revenue streams.”

Mortgages 356

Mortgages Marketing Title Banks 356

Housing Wire

JANUARY 22, 2021

UWM’s entrance to the public markets caps a wild six months for independent mortgage banks across America, in which a dozen large or mid-sized mortgage firms revealed plans to go public. The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare.

Mortgages 515

Mortgages Technology Lending Banks 515

Housing Wire

JUNE 23, 2021

Alberto Musalem, a former executive at the Federal Reserve Bank of New York, has been elected to the Freddie Mac board of directors, the government-controlled company said Wednesday. In February , Freddie Mac, with an equity market capitalization around $7.2

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Banks Equity Finance Lending 234

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. Stay tuned for updates.

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Loans Banks Loan Officer Branding 484

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Doug Faron is one of three founding partners at Florida-based Shoreham Capital , a privately held built-for-rent (BFR) and multifamily residential developer focused on projects in the Southeast, primarily Florida. Taken by Felix Mizioznikov.

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Land Construction Development Finance 362

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. The crypto-mortgages originated by LoanSnap so far are more akin to home-equity loans as opposed to home-purchase or rate-and-term refinance loans. Oasis Pro Markets is a U.S.-regulated

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Due diligence Mortgages Equity Loans 433

Housing Wire

APRIL 9, 2024

Maintaining a regional focus, program changes Despite the results of the survey indicating more understanding of the utility of reverse mortgages, Ruben said the company has no immediate ambitions to progress beyond its regional focus brokering reverse mortgages to investors.

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Mortgages Equity Banks Brokerage 321

Marco Santarelli

APRIL 24, 2023

The safety of banks from collapse has always been a concern for customers, investors, and regulators. Given recent bank failures , such as SVB and Signature Bank, many people are wondering about the safety of their money in banks, especially Bank of America. In 2022, the bank reported a net income of $20.4

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Banks Investor Loans Commercial 52

Housing Wire

OCTOBER 20, 2021

The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors. California-based LVS was founded in 2014 and provides appraisal management services to lenders, banks, mortgage brokers, credit unions, and financial institutions.

Finance 343

Finance Mortgages Equity Banks 343

Propmodo

JANUARY 13, 2024

But amid this gloomy outlook, one development firm in the city is contrasting the negative view of the office and finding ways to get offices designed, financed, and completed. GDS Development (GDSNY) was launched in 2007 by architects Michael Kirchmann and Alan Rudikoff. Less than 7.2 So far, GDSNY has completed more than $4.5

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Development Lending Finance Commercial 57

Housing Wire

FEBRUARY 16, 2021

million in equity financing and $17.5 The funding will go toward product development and business development with real estate agents to reduce their time-to-close to 10 days, significantly higher than the industry average. The funding consists of $7.5 million in venture debt, UpEquity said in a statement.

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Loans Equity Mortgages Development 247

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana.

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Mortgages Marketing Lending Loans 519

Toronto Realty Blog

DECEMBER 4, 2023

2) CMHC 3) The Bank of Canada 4) Lenders 5) Realtors 6) Society 7) Buyers 8) The Free Market Wow, this was so, so long ago. So much so, in fact, that I was going to skip Prime Minister Justin Trudeau’s comments from October whereby he blamed high housing prices on investors. Half of all condos are owned by investors?

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Investor Construction Equity Finance 68