Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

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Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. We saved our customers more than $80 million last year,” he said.

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Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. chief of staff at Impac Holdings Inc. territories.

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Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Housing Wire

SEPTEMBER 6, 2022

The racial homeownership gap between Black and white Americans is wider than it was in 1960, and a combination of higher mortgage interest rates, rising home prices and an antiquated model for evaluating consumers’ ability to repay is exacerbating the problem. Understanding the language of cash-flow data.

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Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. bank accounts to various locations in West Africa via wire transfers.

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Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The problem: They did not qualify for the loans.

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Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager.

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Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7 billion, an analysis of bond-rating reports shows.

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Realty Biz

SEPTEMBER 26, 2021

mortgage market, including lenders, investors and insurers, are woefully unprepared for accelerating climate change and the risk it brings. The world of housing finance involves a lot of players, not just mortgage originators and servicers. Becketti said the biggest problem now for mortgage stakeholders is the level of uncertainty.

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Housing Wire

JANUARY 5, 2022

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. Securities backed by the loans are then issued and sold to investors.

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Housing Wire

MAY 13, 2022

In 2008 when blockchain and its celebrity use case of BitCoin came into view, with breathless excitement discussions of complete decentralization of purchases and bank-less futures coursed freely through public discourse. Mortgage Industry and Blockchain: Early but Important Days. But this future is still taking shape.

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Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

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Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

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Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Seehausen’s professional career spans nearly three decades in the mortgage industry. Seehausen also served as the CEO, founder, president, vice chairman at LenderLive Holdings and Preserve Financial, Inc.

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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. . also recognize the industry-changing potential of blockchain-enabled technology.

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Housing Wire

APRIL 20, 2022

eVaults are an integral part of any end-to-end digital mortgage transformation. within the mortgage ecosystem. Non-bank lenders that originate to sell loans will appreciate how quickly eNotes can move on and off warehouse lines and, ultimately, to investors. Is it national or does it focus on a few states?

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Housing Wire

DECEMBER 20, 2021

has long been a major player in the private-label securitization market, and it sees a looming problem brewing in the housing industry. That issue is about boundaries — specifically, the line drawn between the roles of private industry and the government in the housing market.

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Housing Wire

JANUARY 13, 2023

For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. . Mortgage production in 2022 nationally was down about 50% from $4.44

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Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. The industry learned from the mistakes of the past and so did I, as well as the entire team at the Chenoa Fund. This makes it more important than ever to consider how the U.S.

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Housing Wire

MAY 26, 2023

But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We Oftentimes this leads to the discovery of vacant lots.

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Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

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Housing Wire

APRIL 20, 2021

In fact, we are confident that these seasoned professionals will prove to be a valuable asset to the industry through the transition phase.” ” From the National Association of Home Builders (NAHB): “NAHB is a strong proponent of a sound and effective appraisal industry. ” The Value of the Human Appraiser. .”

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Housing Wire

MARCH 17, 2022

Into March of this year, according to multiple market experts, the nonagency secondary market has been digesting a large backlog of mortgage collateral that was locked and originated last year during a much lower-rate environment than exists today. Pelka agrees that the PLS market is under pressure. “In

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Realty Biz

MARCH 15, 2021

This is why the entire real estate industry is being revolutionized right beneath our feet. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. A decentralized network also allows for the reduction of costs involved with property transactions. Intermediaries.

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Fancy Pants Homes

JUNE 9, 2022

Naturally, this has led many homeowners to consider refinancing their mortgages — in an attempt to either lower their interest rate, consolidate debts, or use the equity in their property to cover other large expenses. But despite its many benefits, the mortgage refinancing process can be a challenging undertaking.

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Realty Biz

SEPTEMBER 11, 2023

The real estate market in 2023 calls for more than just investment savvy; caution and due diligence have become equally essential. there has been a significant uptick in mortgage and title fraud cases, as noted by regulators. Furthermore, the penalties for falsifying a mortgage application are not trivial.

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Broke Agent Media

APRIL 12, 2023

BAM Key Details: A TD Bank survey of 1,007 U.S. A TD Bank survey finds first-time homebuyers are optimistic about becoming homeowners, saying it’s a good time to buy—despite volatile mortgage rates and low inventory. First-time home buyers remain optimistic Even as housing prices fluctuate across the U.S.,

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Toronto Realty Blog

JUNE 2, 2021

No product, service, business, or industry is perfect either. Whatever industry you work in has its pros and cons, and you know this. Much of the inner-workings in our industry come under fire because outsiders lack information and/or understanding. Ask a mortgage broker what a “pre-approval” consists of today.

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Marco Santarelli

SEPTEMBER 19, 2023

By attending real estate courses and accessing resources, you gain valuable insights into the intricacies of the industry. Accessing resources such as books, podcasts, videos, and online forums can help you keep up with industry trends and stay informed about changes in the market.

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Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. And one of the many reasons that VA loans default at a lower rate than other loan types, including conventional, is because of the required due diligence to ’protect the property,’ which then protects the homeowner.

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HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. It’s not terribly common to rent-to-own because most of the people who are in the rental situation are those who, for whatever reason, can’t get financing the conventional way through a bank.

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Realty Biz

SEPTEMBER 14, 2023

Lenders Lenders, such as banks or mortgage companies, may also engage real estate attorneys to represent their interests in a transaction. Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral.

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HomeLight

OCTOBER 30, 2020

With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it.

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Amortization.

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