Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

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Equity Finance Purchase and sale agreement Investor 433

Housing Wire

AUGUST 26, 2022

HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow of the housing market and what Flagstar is doing to help clients remain at the top of their game during this turbulent time. Lee Smith: Definitely.

Mortgages 370

Mortgages VA loan Loans Technology 370

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

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Principal Loans Technology Mortgages 370

Housing Wire

APRIL 27, 2023

Servicing “is a critically important asset and has driven much of the success that we have enjoyed in mortgage banking,” David Spector, chairman and CEO, said in a recorded earnings message. billion in unpaid principal balance (UPB) as of March 31, up 2% from December 31. ” The servicing segment pretax income was $57.4

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Principal Banks Loans Mortgages 370

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. LLR Partners, which led a $26.5

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Investor Sales Mortgages Loan Officer 378

Housing Wire

MARCH 25, 2022

Most of the positions to be eliminated are home loan specialists, including those with expertise in refinancing. In Roseville, where the company has a consumer-direct business and information technology organization, Pennymac will eliminate 81 positions. In loan service, it is at 4.1% in 2021, compared to 2.3% of the market.

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Lending Principal Loans Banks 382

Housing Wire

MAY 23, 2022

The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. The office at Thousand Oaks accounted for the largest layoff notifications — of 97 employees, including 25 loan officers. In the Moorpark office, the firm will eliminate 52 positions, including 14 loan officers.

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Loan Officer Loans Principal Mortgages 393

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.

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Industrial Banks Loans Design 382

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. Think technology and service providers, too — a smaller mortgage market affects everyone. There’ll be plenty of racing To people displacing As loans disappear… It’s the most awfullest time of the year!

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Industrial Mortgages Principal Technology 442

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

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Lending Banks Bankruptcy Loans 382

Housing Wire

NOVEMBER 17, 2022

Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. .

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Marketing Lending Loans Principal 414

Housing Wire

FEBRUARY 14, 2023

When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase. But lenders must also consider mortgage originator’s loan product innovation.

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Loans Investor Mortgages Principal 370

Housing Wire

FEBRUARY 3, 2022

California-based nonbank mortgage lender Pennymac Financial Services posted record loan production last year, but a significant decline in net profits. billion in unpaid principal balance, a reduction of 13% from the previous quarter and 11% compared to the same period of 2020. In loan service, it is at 4.1%.

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Lending Principal Loans Technology 302

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.

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Lending Principal Industrial Development 373

Housing Wire

JANUARY 13, 2021

As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. In these situations, when does the 180-day period begin — when those loans were set up on forbearance or when payments stopped? Loan decisioning.

Mortgages 457

Mortgages Investor Loans Technology 457

Housing Wire

MAY 23, 2022

These include expected prepayment rates, expectations of net supply to the market, and drivers of net demand from different investors including banks, Fannie Mae and Freddie Mac (the GSEs), asset managers, global investors, and in recent times, the Federal Reserve. The secondary market entities face a different challenge.

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Loans Mortgages Investor Industrial 393

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation. We have compression in the margins we are able to make on loans.

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Mortgages Loans Investor Equity 382

Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. And in July, it announced its formal launch of Orchard Home Loans. They can work with any lender of their choice, including Orchard Home Loans.

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Title Branding Principal Loans 347

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. trillion to $1.7 trillion.

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Banks Mortgages Loan Officer Due diligence 404

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.

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VA loan Principal Development Title 85

Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

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Equity Lending Principal Technology 390

Housing Wire

MARCH 5, 2024

Sanjiv Vas, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Before joining Pagaya, Vas was CEO of Caliber Home Loans.

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Principal Commercial Loans Mortgages 412

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

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Mortgages Loan Officer Loans Equity 442

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. What is a mortgage? How does a mortgage work? What is PMI, and when is it required?

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Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

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. View Pro-Series webinars.

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VA loan Principal Development Title 52

RIS Media

SEPTEMBER 21, 2021

She brings a mix of investment banking and a legal background into her work in real estate. Originally from Atlanta, Georgia, Jackson earned degrees in Information System Technology and Psychology and was accepted to flight school as an Army helicopter pilot. Julian Jackson lt. District: Greater Southwest San Antonio, Texas.

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Loan Officer New Construction Brokerage Principal 97

Housing Wire

FEBRUARY 9, 2024

trillion of unpaid principal balance (UPB) in mortgage servicing rights (MSR) by the end of March, a target announced in July 2021 when the portfolio was at $650 billion. You have to build and invest in technology. billion in loans, it had a $100 million pretax operating income. “ A key theme for 2023 was operating leverage.

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Loans Principal Equity Banks 404

Housing Wire

MARCH 5, 2024

Sanjiv Das, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Before joining Pagaya, Das was CEO of Caliber Home Loans.

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Principal Commercial Loans Mortgages 195

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

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Closing Inspection Title Due diligence 85

Marco Santarelli

MARCH 30, 2023

Financials, for example, can benefit from higher interest rates because it increases their net interest margins, which is the difference between the interest income earned on loans and the interest expense paid on deposits. When interest rates rise, it becomes more expensive for borrowers to take out loans, including mortgages.

Investor 40

Investor Loans Banks Mortgages 40

Housing Wire

JANUARY 7, 2021

Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor. In 2019, QuestSoft added a CRA Saleability module to the platform to help lenders identify potential investors based on geographic location.

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Mortgages Lending Loans Investor 306

Housing Wire

AUGUST 4, 2022

Hernandez will be joined by by Faith Schwartz, the CEO and founder of Housing Finance Strategies , a strategic advisory firm that serves banks, mortgage companies, nonprofits and fintech companies. million loans with an unpaid principal balance of more than $1.2 Register for the event here. 4 appeared first on HousingWire.

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Principal Title Mortgages Industrial 404

Real Trends

MAY 13, 2022

“Title and other services were high because of these referral relationships between real estate agents and the settlement service providers,” said Holly Spencer Bunting, who is a lawyer at Mayer Brown and represents businesses on mortgage banking and consumer finance matters. Communicate with me, with the principals in the transaction.

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Title Brokerage Agents Mortgages 75

HomeLight

JANUARY 31, 2022

These costs differ from region to region and depend on factors like your down payment and loan conditions, tax and insurance rates, and more. Unless you’ve come into a windfall of sudden wealth, it is likely that you will have to get a mortgage loan , make a down payment on your home, and pay off your home loan over time.

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Loans As-is Mortgages Agents 91

Realtor.com

APRIL 5, 2021

Stung by losses, banks made it harder for regular home buyers to get a mortgage. Burns counted more than 200 companies and investment firms in the house hunt: computer-assisted flipper Opendoor Technologies Inc., Kinloch was financed mostly by community banks in the cities where it rehabbed foreclosures and built rentals.

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Investor Finance Banks Principal 59

Redfin

AUGUST 3, 2022

Debts include recurring bills, such as car payments, daycare payments, and student loans. The safest rule of thumb dictates that your mortgage loan payment should not exceed 28% of your monthly gross earnings. PMI becomes part of your mortgage payment to protect the lender—not you—if you stop making payments on your loan. .

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Pre-approval Purchase and sale agreement Title Debt-to-income ratio 75

Housing Wire

MARCH 15, 2022

of loans purchased by Fannie Mae, and 8.4% GA : Loan-level price adjustments tend to impact people with low down payments, credit scores on the margins, just tend to disproportionately impact first time homebuyers, and particularly those of color. So you’ve got to pay loan officers the same on any loans they originate.

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Loans Finance Mortgages Investor 382