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 430

Technology Development Title Lending 430

Housing Wire

JULY 12, 2023

BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. Throughout his career, Call has held similar positions at Mortgage Cadence , Source Point Mortgage Solutions , and Argent Mortgage.

Principal 308

Principal Technology Banks Mortgages 308

Housing Wire

APRIL 21, 2022

Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own into executive vice president roles. Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . billion in mortgages in the fourth quarter, a 13.9%

Banks 382

Banks Principal Finance Equity 382

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.

Lending 391

Lending Bankruptcy Mortgages Principal 391

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 375

Lending Principal Finance Loans 375

Housing Wire

AUGUST 4, 2022

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. There are, however, a number of additional caveats for a mortgage loan with a lender-funded grant to be eligible for sale to Fannie Mae. The loan must be secured by a principal residence.

Principal 488

Principal Loans Banks Closing costs 488

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Banks 368

Banks Bankruptcy Loans Investor 368

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 450

Banks Lending Loans Principal 450

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I

Loans 314

Loans Principal Technology Development 314

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

Principal 417

Principal Loans Investor Industrial 417

Housing Wire

SEPTEMBER 16, 2022

LLC (PIMCO) for Pool 1, DLJ Mortgage Capital Inc. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. “All Fannie Mae last year put on the market some 100,000 reperforming loans across five offerings with an aggregate unpaid principal balance of $14.5

Sales 393

Sales Principal Loans Banks 393

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. billion in unpaid principal balance (UPB) in 2023, down 9% year over year.

Technology 366

Technology Loans Principal Mortgages 366

Housing Wire

AUGUST 9, 2021

1, according to a survey from the Mortgage Bankers Association. The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased four basis points to 3.63%, and the percentage of loans in forbearance for depository servicers decreased 10 basis points to 3.49%. Per MBA’s estimate, 1.7

Principal 424

Principal Loans Staging Mortgages 424

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners.

Principal 319

Principal Banks Finance Mortgages 319

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk. Today, roughly $1.5

Finance 348

Finance Equity Mortgages Principal 348

Housing Wire

MAY 23, 2022

California-based nonbank mortgage lender Pennymac Financial Services will lay off 207 additional employees in June and July following a workforce reduction filing of more than 230 employees in March. Layoffs of 190 employees at Pennymac were first reported by National Mortgage News. Fairway Independent Mortgage Corp.

Loan Officer 393

Loan Officer Loans Principal Mortgages 393

Housing Wire

MARCH 25, 2022

California-based Pennymac Financial Services will lay off more than two hundred employees in the coming months, according to notices sent to the state’s Employment Development Department on March 7. million to open a new mortgage origination center in Franklin, Tennessee, creating 325 jobs in Williamson County.

Lending 382

Lending Principal Loans Banks 382

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). According to industry leaders, the rule can force a sell-off wave, reduce values and put some lenders and services in a difficult spot.

Marketing 380

Marketing Lending Loans Principal 380

Housing Wire

AUGUST 14, 2020

Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank. 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.

Lending 271

Lending Principal Industrial Development 271

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 302

Marketing Loan Officer Mortgages Lending 302

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. Many experts projected 30% of all mortgage holders would enter the forbearance program. As of last Friday, the total number of mortgages still in forbearance stood at 1,863,000. 2018: 279,040. 2019: 277,520.

Short sale 264

Short sale Equity Principal Mortgages 264

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say.

Investor 296

Investor Finance Loans Mortgages 296

Housing Wire

MAY 23, 2022

Potential homebuyers in today’s market are facing a number of challenges, including increasing mortgage rates and a sizeable supply and demand imbalance that is pushing home-price appreciation to very high levels throughout the country. Primary mortgage market rates are a function of several factors.

Loans 391

Loans Mortgages Investor Industrial 391

Zolo

AUGUST 13, 2020

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . I was wondering if you know of any strategies to solve our mortgage interest deduction dilemma. . Property A is our principal residence; property B is an investment property. Why we need to classify debt.

Purchase and sale agreement 82

Purchase and sale agreement Principal Mortgages Loans 82

Marco Santarelli

DECEMBER 22, 2020

Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed. In this article, we shall discuss the various types of mortgage notes and how to invest in them. Mortgage notes are also known as real estate lien notes and borrower’s notes.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Sign up now. Jeff also holds the SRA and AI-RRS designation with the Appraisal Institute.

VA loan 85

VA loan Principal Development Title 85

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? ” Or maybe these developers know something I don’t.

Construction 74

Construction Sales Purchase and sale agreement Development 74

McKissock

FEBRUARY 13, 2023

Invest in your professional development with one-hour, non-credit webinars presented by experts. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. This includes the development and enhancement of automated appraisal-scoring tools and analytic products.

VA loan 52

VA loan Principal Development Title 52

Realty Biz

NOVEMBER 10, 2021

Department of Housing and Urban Development and co-founder of the JMN Rise Foundation, and University of Phoenix Community Relations Specialist Grant Van Eck. Digital presence and advertising sessions led by Kosha Brown , Director of Business Development at Box Brownie, and Matt Gentile , Managing Director at My BFF Social.

Lending 88

Lending Principal Development Banks 88

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. In the secondary market, Wall Street firms have shown more appetite for these mortgages. PNC Bank ($7.9

Banks 332

Banks Marketing Loans Mortgages 332

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Commercial 386

Commercial Brokerage Due diligence Title 386

RIS Media

NOVEMBER 30, 2020

The Mortgage Bankers Association (MBA) recently announced the members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) for 2021. “I look forward to developing a strategic policy framework with COMBOG to strengthen the commercial and multifamily real estate finance system.” – Deborah L.

Commercial 67

Commercial Finance Principal Investor 67

Housing Wire

MARCH 10, 2022

Lakeview Loan Servicing , one of the nation’s largest issuers of Ginnie Mae securities, is making a play in the private-label securities market by sponsoring an offering backed by a pool of 2,192 Federal Housing Administration -guaranteed mortgages valued at $423.6 A fourth such transaction, a $370.7 A fourth such transaction, a $370.7

Mortgages 310

Mortgages Principal Loans FHA loan 310

HomeLight

OCTOBER 30, 2020

you’ve likely missed several months of mortgage payments or may be already incurring the lender’s attorney fees for your continued delinquency. Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company.

Short sale 104

Short sale Banks Equity Mortgages 104

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Note that for government-backed first-time home-buyer loans such as FHA or USDA, it’s not just the buyer that must qualify, but the home, too — so check the requirements for your specific mortgage.

Loans 97

Loans VA loan FHA loan Purchase and sale agreement 97

Housing Wire

APRIL 24, 2024

Cooper’s consumer-first platform into a cloud-native core, then licensing the resulting cloud-based platform to banks and independent mortgage companies. Bray also reintroduced Pyro , Mr. Cooper’s patented mortgage-centric AI platform that the company has been developing since 2019 in partnership with Google.

Equity 311

Equity Lending Principal Technology 311

Housing Wire

APRIL 21, 2022

The programs will be announced in the third quarter of this year, Perry said during a fair housing webinar hosted by the National Housing Conference , a mortgage trade association. Marcia Fudge wrote that the tailored lending programs “are lawful under ECOA generally are not barred by the Fair Housing Act.”.

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Lending Finance Principal Development 404