Housing Wire

MARCH 28, 2023

A federal judge in Georgia has given the green light for an amended “predatory lending” lawsuit to proceed against Wells Fargo. Wells Fargo has been under fire numerous times in the past over discriminatory lending allegations. The lawsuit was filed under the Fair Housing Act by three counties in Georgia.

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Lending Loans Banks Mortgages 384

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. The post Flagstar Bank to back trio of mortgage-tech startups appeared first on HousingWire. The current program will end Feb.

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Banks Mortgages Lending Technology 312

Housing Wire

SEPTEMBER 5, 2024

Dan Snyder rarely steps into the spotlight, but his name, strategic moves and execution are talked about frequently in mortgage banking circles. 1, 2024, when Snyder, the CEO of Lower , steps on to the main stage at the George W. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending.

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Lending Staging Banks Mortgages 429

Housing Wire

JUNE 10, 2025

Longbridge CEO Chris Mayer made the announcement from the stage on Tuesday at The Gathering by HousingWire. Too many older Americans are unable to access their own home equity , not because of poor credit, but because traditional lending products weren’t designed for life after 62,” Mayer said in a statement.

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Equity Principal Technology Development 358

Housing Wire

MAY 30, 2025

Following the wildfires that devastated the Los Angeles area at the start of the year, a new study has emerged that suggests banks with physical locations are less likely to extend mortgages to impacted residents, while online lenders are continuing to be active. Avoiding the risk can have major consequences, Haupert added.

Banks 239

Banks Mortgages Lending Staging 239

Housing Wire

AUGUST 15, 2024

However, waiting is not an option for homebuyers in pivotal chapters of their lives—whether starting a family or setting the stage for long-term financial stability. In practice, the secondary market helps smaller banks and credit unions access a significant liquidity source to better compete with larger institutions.

Industrial 449

Industrial Fixed-rate mortgage Banks Loans 449

Housing Wire

DECEMBER 10, 2020

The secondary market, often an afterthought for most participants in the mortgage process, took center stage in 2020. The country was in the middle of the financial crisis, as the consequences of the deceptive mortgage lending practices from all the years prior came crashing down.

Marketing 432

Marketing Lending Staging Banks 432

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. If home prices and lending costs moderate in 2024, significant demand could flow into the market.

Mortgages 479

Mortgages Lending Loans Equity 479

Housing Wire

MAY 26, 2021

A few weeks after striking a deal to buy $14 billion of mortgage servicing rights from Texas Capital Bank , a subsidiary of Ocwen has agreed to buy $48.3 Western Alliance Bank agreed to buy AmeriHome for $1 billion earlier this year. The nonbank lender works with a network of over 700 independent mortgage banks and credit unions.

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Purchase and sale agreement Banks Lending Loans 397

Housing Wire

OCTOBER 5, 2023

His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

Technology 409

Technology Loans Lending Residential 409

Housing Wire

MAY 5, 2022

Banks could receive many more failing grades from their regulators under a recently proposed overhaul of the Community Reinvestment Act (CRA). That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches.

Banks 370

Banks Lending Development Loans 370

Housing Wire

JUNE 30, 2023

From Anywhere Brands Chief Marketing Officer Amory Wooden to Newrez President Baron Silverstein, this line-up of speakers — who are collectively moving markets forwards — is one we’re excited to showcase on stage in Austin, Texas from Oct. To lean into our Texas roots, this isn’t their first rodeo.

Lending 377

Lending Staging Branding Mortgages 377

Housing Wire

SEPTEMBER 24, 2021

Ocrolus , a New York-based startup offering document processing automation for fintechs and banks, announced raising a $80 million Series C led by Fin VC, according to a press release. As COVID-19 has forced financial institutions to evolve, every lender and bank has no choice but to offer online options to customers,” Bobley said.

Banks 361

Banks Lending Technology Investor 361

Housing Wire

MARCH 25, 2025

What’s the deal with all the discussion across the lending community about the fluctuation of the loan officer population recently? Some define a loan officer as someone who is registered with the Nationwide Multistate Licensing System (NMLS); however, an NMLS licensee could be an assistant or a bank employee such as a teller.

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Loan Officer Loans Mortgages Industrial 205

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS. in the mortgage lending space. .

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Mortgages Banks Loans Lending 397

Housing Wire

JUNE 26, 2023

Suzy Lindblom will speak to all of these topics when she takes the stage at HW Annual. Register for HW Annual today to catch Lindblom on stage alongside other powerful women of influence. Lindblom will be joined on stage by moderator Michelle Kryczkowski, vice president and division performance executive at Cardinal Financial.

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Staging Lending Mortgages Industrial 370

Housing Wire

FEBRUARY 3, 2023

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Residential Lending at TD Bank. Steve Kaminski is head of U.S.

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Renovation Fixed-rate mortgage Equity Finance 384

Housing Wire

AUGUST 31, 2020

HousingWire spoke to Doug Perry, Citadel’s new managing director of Wholesale and Retail Sales, about his plans for Citadel and the current state of non-QM lending. Doug Perry: I bring decades of experience to the table, having worked for a number of organizations, including Countrywide Home Loans, Indymac Bank and PennyMac.

Lending 384

Lending Staging Equity Loans 384

Housing Wire

JUNE 2, 2021

At the time, Volly cited the union as a means for the company’s lending clients to utilize Home Captain’s concierge and technology offering throughout the homebuying and mortgage origination process.

Mortgages 424

Mortgages Technology Lending Staging 424

Keeping Current Matters

JANUARY 4, 2021

Don’t forget that the buyer’s bank will send an appraisal to determine the fair value for your house. The bank will not lend more than what the house is worth, so be aware that you might need to renegotiate the price after the appraisal. Stage Your Home Properly. Believe it or not, that’s not always true. Bottom Line.

Staging 350

Staging Banks Lending Design 350

Housing Wire

NOVEMBER 1, 2023

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. Add context about why you’re asking for specific information at every stage.

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Loans Fixed-rate mortgage Lending Loan Officer 407

Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7 billion (£3.7

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .

Banks 384

Banks Title Technology Investor 384

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). Overall, HELOCS accounted for 20.7% level from the first quarter of 2021, ATTOM reported.

Equity 357

Equity Lending Finance Loans 357

Housing Wire

DECEMBER 28, 2022

Amid a declining housing market and volatile economy, mortgage and banking marketers may find themselves in a difficult position. . As 2022 comes to an end, predictions for mortgage and banking trends have been nothing short of ominous. Perhaps fewer shoppers are seeking mortgage and banking products and services. in Q4 2023.

Marketing 479

Marketing Banks Mortgages As-is 479

Housing Wire

OCTOBER 24, 2022

On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. “I joined the company in 1998, and over nearly 25 years, affordable housing has always been a strategic focus our portfolio,” Rocco said.

Banks 395

Banks Commercial Lending Staging 395

Housing Wire

APRIL 20, 2022

As mortgage and capital markets become increasingly digital , most lenders, regardless of their lending strategy, will eventually need an eVault, because eVaults are a requirement for moving eNotes through the digital mortgage ecosystem. What’s your company’s lending footprint? within the mortgage ecosystem.

Lending 375

Lending Due diligence Technology Investor 375

Housing Wire

AUGUST 18, 2022

Tap into the knowledge bank of these top CEOs who are driving their businesses forward by registering today for HW Annual in Scottsdale, Arizona Oct. As Chief Marketing Officer at OJO Labs , Karen Starns will be taking the stage for the “1+1=3 The Marketing Strategy of M&A” panel. Marketing Leaders Success Summit.

Staging 395

Staging Branding Lending Industrial 395

Housing Wire

APRIL 30, 2021

That’s the view taken by Keith Lind, executive chairman and president of Acra Lending. With a range of products including bank statement loans based on three, 12-, or 24-months’ worth of information, full-doc loans, or even prime jumbo products, they can accommodate borrowers and originators with entirely unique needs.

Investor 410

Investor Loans Lending Staging 410

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. Second, it allows you to tailor your offer to each individual house you put an offer on.

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Pre-approval Inspection Lending Staging 441

Housing Wire

DECEMBER 6, 2022

Even with the introduction of more digital tools to provide home buyers with a technology-enabled user experience, Spanish-speaking borrowers often encounter obstacles to homeownership during the lending process.

Lending 384

Lending Loans Land Mortgages 384

Housing Wire

APRIL 4, 2023

It wasn’t until 2014 – two years after his cloud banking platform launched – that Movement Mortgage took the leap and digitized its mortgage origination and underwriting process with Blend’s tech stack. Suddenly it clicked for bank executives, Ghamsari said. It was the first major lender to do so, according to Ghamsari.

Banks 370

Banks Mortgages Lending Technology 370

Housing Wire

APRIL 23, 2021

Texas Capital Bank is selling its entire $14 billion book of mortgage servicing rights to PHH Mortgage , a subsidiary of Ocwen Financial Corp , for a “modest profit.” Texas Capital’s correspondent lending business originated approximately $2.4 The transaction is expected to close in the second quarter of this year.

Lending 233

Lending Banks Loans Staging 233

Housing Wire

FEBRUARY 2, 2024

HousingWire reported on the late-stage negotiations in January.) “The The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. According to the NMLS, two top DKMC originators not transitioning to NAF are not licensed with any lender.

Loan Officer 410

Loan Officer Loans Lending Mortgages 410

Housing Wire

APRIL 30, 2021

As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. The best partner will work in lock-step with the company during every stage of growth.

Marketing 293

Marketing Lending Technology Banks 293

Housing Wire

MARCH 10, 2023

A host of nonbanks and traditional depository lenders, such as banks and credit unions, as well as a growing number of fintech firms continue to ramp up efforts and product lines to meet that demand. Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however.

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. NAR Monthly Supply Data Mortgage rates started last week at 6.73% and fell as the labor data and banking stress drove money to the bond market. economy, which is key at this expansion stage.

Marketing 491

Marketing Banks Mortgages As-is 491