Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

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Loans Banks Equity Closing costs 543

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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Housing Wire

MAY 11, 2023

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

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Housing Wire

JUNE 30, 2023

According to the company’s statement, “The relevant loans, some dating back 15 years, make up less than a half percent of our total federal loans originated during this time frame. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

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Loans Mortgages Land Development 382

Housing Wire

NOVEMBER 30, 2022

Cloudvirga’s platform solves for both by creating the best experience for borrowers and loan officers. The Cloudvirga team has been able to dramatically improve the experience of the borrower and the loan officer. It focuses on more than just task management and automation.

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Loan Officer Loans Branding Technology 370

Housing Wire

OCTOBER 5, 2023

Industry-leading lender Movement Mortgage will become an “early adopter” of FICO Score 10 T, the updated credit scoring model designed to take advantage of trended data information to help expand mortgage approval rates.

Loans 414

Loans Mortgages Lending Finance 414

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. It remains unclear when the FHA plans to add the 40-year loan modification option to its servicing and loss mitigation handbook.

Loans 414

Loans Industrial Mortgages Real-estate owned 414

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

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Loans Closing Mortgages Equity 516

Housing Wire

NOVEMBER 29, 2022

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. ” Raise the (conforming loan) roof. nonbank lenders are wasting no time.

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Loans VA loan Mortgages Lending 284

Housing Wire

JUNE 17, 2022

I am about to say something in 2022 that no one in software design and process management would say. Do loan officers need more technology than they currently have? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now.

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Housing Wire

NOVEMBER 10, 2022

The Federal Housing Finance Agency (FHFA) announced on Thursday that the 2023 multifamily loan purchase caps for Fannie Mae and the Freddie Mac will be $75 billion for each government-sponsored enterprise (GSE), for a combined total of $150 billion to support the multifamily market, according to an announcement from the FHFA.

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Loans Finance Design Mortgages 370

Housing Wire

JANUARY 29, 2021

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Despite per-loan compensation decreasing 0.2% Mortgage Tech Demo Day.

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Loan Officer Loans Mortgages Industrial 393

Housing Wire

SEPTEMBER 23, 2020

The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway.

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Renovation Loans Lending Finance 543

Housing Wire

MAY 13, 2024

Launched in 2023, the program aims to improve funded loan volumes in underserved communities nationwide. During the initiative’s first phase, Guaranteed Rate added new loan products, improved training efforts for processors and underwriters , and established strategic partnerships to expand the company’s presence in underserved markets.

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Housing Wire

SEPTEMBER 30, 2021

Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is designed to deliver value to both borrowers and lenders–”from the point of thought of buying a house to the point of owning a home.” .

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Loans Loan Officer Lending Branding 380

Housing Wire

MARCH 11, 2024

Solutions within Floify Lender Edition allow lenders to improve recruitment and retention of top-producing loan officers and to navigate regulatory landscapes, according to the company’s website. is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgages 414

Mortgages Loan Officer Loans Banks 414

Housing Wire

AUGUST 31, 2022

With its innovative SaaS platform, Flueid Decision, Flueid brings robust data and analytics forward to jumpstart the loan life cycle, enhance the underwriting process and support a frictionless lender-borrower journey during one of life’s major moments.

Loans 370

Loans Equity Lending Technology 370

Housing Wire

JUNE 8, 2021

According to Lind, one way for existing housing stock to be expanded and improved upon is through investors or developers using fix’n’flip loans. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it. Not everyone can afford a brand-new construction home, given where home prices are,” he said.

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Loans Lending Renovation New Construction 333

Housing Wire

APRIL 11, 2024

DART is a mortgage processing product designed to offer the industry an alternative to offerings from Mortgage Electronic Registration Systems (MERS), with this latest move ostensibly designed to expand the reach of Figure’s own ecosystem. The DART System is pre-integrated with Figure’s origination and loan-sale services. “We

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Lending Technology Equity Loans 402

Housing Wire

JANUARY 12, 2021

We wanted to introduce a program that provides borrowers with the larger loan amounts they need to purchase or refinance a high-value property. The Jumbo Prime program is designed for qualified borrowers who may have larger loan amounts than allowed under conventional loan terms. Kyle Gunderlock, Acra Lending CEO.

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Loans Lending Development Mortgages 385

Housing Wire

SEPTEMBER 30, 2021

The loan origination process can be time-consuming and inefficient due to manual processes. Origence has addressed these common pain points by launching the Origence Mortgage Platform, a tightly integrated point of sale and loan origination system.

Loans 381

Loans Mortgages Technology Industrial 381

Housing Wire

SEPTEMBER 9, 2020

In June, the bureau released two proposals regarding the QM Patch, which allows loans sold to Fannie Mae or Freddie Mac to exceed the 43% debt-to-income ratio the Bureau had established in its Ability to Repay/Qualified Mortgage rule.

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Debt-to-income ratio Loans Industrial Mortgages 429

Housing Wire

MAY 7, 2024

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.”

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Loan Officer Commercial Loans Mortgages 412

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Additionally, the platform is accessible to all users, regardless of their current loan origination software.

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Lending Loans Technology Investor 414

Housing Wire

MAY 15, 2024

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Banks Loans Development Mortgages 417

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A As long as you retain ownership of the home and pay the property taxes, the loan will not become due.”

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Mortgages Equity Loans Closing 414

Housing Wire

MARCH 29, 2024

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA).

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Mortgages VA loan Principal Loans 414

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

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FHA loan Loans Title Mortgages 390

Housing Wire

JANUARY 10, 2024

TransUnion released a new portfolio management solution designed to help lenders assess the riskiness of a portfolio from a property value perspective, the company announced on Wednesday. The product will provide lenders with an array of functionalities, such as combined loan-to-value (CLTV) on each property owned by a consumer.

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Loans Design Mortgages As-is 424

Housing Wire

APRIL 17, 2024

Blue Sage’s platform is entirely browser based and uses cloud-based automation in an effort to enhance the efficiency of loan processing through the full loan life cycle. In many systems, loan officers have to live in the same system as the back-office personnel and not have a system that’s optimized for their role,” Aach said. “In

Mortgages 414

Mortgages Loan Officer Lending Loans 414

Housing Wire

AUGUST 5, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Founded in 1985, Quicken Loans has seen record numbers of refinance and purchase applications in recent months in the midst of the COVID-19 pandemic.

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Loans Branding Investor Banks 393

Realty Biz

OCTOBER 21, 2023

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. The purpose of a spec house is to showcase the builder's skills and design choices to sell it to potential buyers once it is completed.

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Loans Finance Construction Commercial 108

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

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Lending Technology Loans Equity 414

Housing Wire

FEBRUARY 7, 2024

“It’s not just about offering non-QM loans; it’s about providing a foundation for brokers to confidently navigate this complex market,” Yoon said in a statement. Our team’s depth of experience ensures that every loan we handle is approached with the insight and precision it deserves.”

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Lending Loans Mortgages Design 404

Housing Wire

MARCH 4, 2024

Guideline Buddy’s chatbot leverages generative AI technology to simplify the loan qualification process by providing swift and accurate information, freeing professionals from the time-consuming burden of sifting through extensive documentation, the firm said.

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Loan Officer Loans Mortgages Technology 414

Housing Wire

NOVEMBER 16, 2023

Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans.

Loans 457

Loans Finance Design Mortgages 457

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. Yet help might be on the way.

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