Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

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Title Closing Finance Technology 342

Housing Wire

JUNE 1, 2022

One avenue to reduce cost and streamline the closing process is to offer digital closings. Lenders and title agents also reported they can close more loans faster with the same or fewer people, and improve overall loan quality by reducing critical errors, avoiding missed signatures and unnecessary rework.

Closing 407

Closing Title Loans Technology 407

Propmodo

APRIL 28, 2024

Since 2000, close to 20 percent of neighborhoods in the U.S. In many of the country’s largest cities, like New York City and Philadelphia, neighborhoods that were once affordable became increasingly unaffordable as development and an influx of new residents sent property values soaring. There are a total of 6,225 CBDOs in the U.S.

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Development Land Lending Finance 116

Housing Wire

JUNE 24, 2022

Each year, this award spotlights the individuals who have a huge impact behind-the-scenes within their organizations — through operations, product development, hiring, marketing campaigns, or improving efficiency. The post Nominations for HW Insiders Close Today! appeared first on HousingWire.

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Closing Lending Equity Mortgages 383

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads.

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Closing Mortgages Industrial Loan Officer 427

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. including underserved communities and populations with unmet needs, like Native Americans and farmworker communities, as well as supportive housing development and disaster-impacted areas. billion Newmark: $4.6

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Finance Closing Equity Commercial 98

Housing Wire

APRIL 21, 2021

“In 2021, the potential for margin compression could serve as yet another accelerant towards digital mortgage closings as lenders seek to improve capital efficiency and offer a more competitive experience to borrowers.”. Martin: COVID catalyzed digital mortgage closings by creating a renewed sense of urgency.

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Closing Mortgages Development Industrial 393

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Modern construction finance requires new infrastructure altogether. and Canada. and Canada.

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Technology Closing Construction Commercial 354

Housing Wire

MAY 1, 2024

This has led to the development of policies by state and local housing finance agencies to aim assistance specifically at this group, particularly for “mortgage eligibility or down payment and closing costs assistance.” Intergenerational wealth refers to the financial assets passed by one generation of a family to another.

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Mortgages Finance Closing costs Loans 427

Housing Wire

JULY 12, 2023

The lender said qualified buyers will receive up to $10,000 toward their downpayment/closing costs with BorrowSmart Geo-Target, or $5,000 toward their downpayment/closing costs and up to $1,000 toward home warranty and appraisal costs with the HomeReady SPCP. The programs are key to the GSEs’ equitable housing finance plans.

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Closing costs Finance Lending Development 370

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. “But agent commissions have never been a closing cost from a buyer perspective. points from the 7.5%

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VA loan Agents Seller concession FHA loan 454

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. Ironic, isn’t it, that an industry purposed to help consumers achieve arguably the most important financial transactions of their lives has a tough time keeping them close? These figures point to a “stickiness” that’s largely missing in our industry.

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Finance Technology Loans Industrial 417

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

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Closing Loans Banks Investor 487

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing.

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Finance Principal Residential Development 417

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation. History of ‘e’.

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Closing Title Technology Land 437

Housing Wire

SEPTEMBER 10, 2022

The SPCP, called “closing the gap,” permits a 1% down payment with a free appraisal, free home warranty program, free homebuying counseling and financial assistance with closing costs. The SPCP loan program will be piloted in Atlanta, Baltimore, Chicago, Detroit, Memphis and Philadelphia.

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Loans Closing costs Development Finance 417

Housing Wire

APRIL 9, 2024

In the meantime, Rocket developed its patented platform, which the lender claims relies on more than 10 petabytes of proprietary data, 50 million annual call transcripts, deep learning, and generative AI systems. The lender says the technology allows the company to close loans 2.5 times faster than the industry average. “By

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Loans Technology Mortgages Finance 461

Housing Wire

APRIL 2, 2024

Steinway, who closed more than $1.5 The goal is to help them develop this territory and use this platform to attract talent – established loan officers, up and coming loan officers,” Steinway said in an interview with HousingWire. billion in mortgages in 2023, according to estimates from Inside Mortgage Finance.

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Loan Officer Loans Finance Mortgages 417

Housing Wire

MARCH 14, 2024

The transaction is expected to close in May. “We Change is a community development financial institution (CDFI) that is certified by the U.S. Change is a community development financial institution (CDFI) that is certified by the U.S. We are excited to expand our impact and better serve our target market borrowers.”

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Lending Banks Loans Renovation 417

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. In 2022, the bank came close to doubling its lending volume in 2021, reaching $13.82

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Banks Construction Finance Commercial 67

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. decline from 2022, according to Inside Mortgage Finance.

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Lending Loans Renovation Mortgages 427

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 446

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier. JI: The short answers are innovation and education. 1 non-QM lender?

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Lending Investor Finance Development 426

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

Mortgages 454

Mortgages Finance Loan Officer Equity 454

Housing Wire

MAY 20, 2024

” In an interview with HousingWire during the conference, Todman said that the HUD will soon double the fee servicers can charge for processing, underwriting, and closing a transaction that includes a loan assumption. . Currently, the fee can only go up to $900. “I want to see this as soon as next month,” Todman said.

Mortgages 437

Mortgages Loans Staging Industrial 437

Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.

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Banks Loans Development Mortgages 425

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments.

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Investor Finance MLS Closing costs 383

Housing Wire

MARCH 25, 2024

VA is working closely with the Department of Justice to determine any potential implications for Veteran borrowers and is committed to ensuring that Veterans are neither disadvantaged in the homebuying process nor overcharged,” the official said in an e-mailed response. “VA as proper local variances, under current VA regulations.“ “We

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Agents VA loan Loans Mortgages 437

Housing Wire

JUNE 30, 2022

The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties. FGMC claims that loans in the pipeline will be closed and funded, under existing terms and conditions, due to a debtor-in-possession financing and potential partners.

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Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). Meetings will be conducted regularly via conference call.

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Equity Lending Finance Loans 368

Housing Wire

SEPTEMBER 13, 2021

Alanna McCargo, senior advisor at the Department of Housing and Urban Development , has been picked by the Biden administration to head Ginnie Mae. The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017.

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Finance Development Investor Industrial 453

Housing Wire

MARCH 21, 2024

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated. He will focus on product development and building the company’s retail lending network. increase.

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Lending Sales Commercial Loans 416

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. That offering, Unlock HEA Trust 2023-1, is slated to close this week. Nearly half of those offerings, in terms of count and value, have played out this year, however.

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Equity Purchase and sale agreement Marketing Lending 417

Housing Wire

MARCH 27, 2024

An official from the VA previously told HousingWire that the department is working closely with the Department of Justice (DOJ) to determine any potential implications for veteran borrowers and is committed to ensuring that veterans are neither disadvantaged in the homebuying process nor overcharged.

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VA loan Loans Principal Mortgages 446

Housing Wire

MAY 23, 2024

A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and avoid the possibility of foreclosure. It’s acceptable to owe some money on your mortgage, but the balance must be low enough to get paid off when your new reverse mortgage closes.”

Mortgages 411

Mortgages Equity Loans Finance 411

Housing Wire

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. Prior to that, Amor was in product development and credit policy for over four years at FoA. It originated $45.2

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Finance Commercial Loans Title 382