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 24, 2024

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. This year 80 honorees were selected.

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HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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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

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

MARCH 27, 2024

Single-family rental (SFR) investors also rely on AVMs to assess asset portfolios, guide leasing and sale decisions, and ensure thorough due diligence. “We

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Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. The panel noted the findings of the latest Fannie Mae mortgage lender sentiment survey.

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Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. For over a decade, the industry has experienced growth from two primary sources.

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Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

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Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. CRE assets are subject to a myriad of regulatory requirements, zoning laws, and environmental considerations that don’t apply to home sales, requiring thorough due diligence and compliance measures.

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Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

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Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. A recent filing from UBS showed the Swiss bank took a hit of about $17 billion due to the takeover. The settlement with the U.S.

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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

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million in unpaid principal balance; pool 2 is at $342.5

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Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

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Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Volatility and dramatic shifts in market activity have forced participants across the mortgage lifecycle to embrace more agile business practices. HousingWire: What’s driving lenders’ need for agility and efficiency in the current market?

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Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today? Altisource does.

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Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

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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

APRIL 30, 2024

During the refinance process, title insurance professionals would do their due diligence to disqualify any potential heirs who may attempt to claim the property down the road. If this is not done correctly, the homeowner could still face collection on a previous mortgage thought to have been paid off.

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Housing Wire

NOVEMBER 28, 2022

JPMorgan Mortgage Trust 2022-DSC1 is secured by 980 debt service coverage ratio (DSCR) loans with a balance of $308.2 Though the loans were originated by more than 100 lenders, non-QM entity Sprout Mortgage , which crashed and burned in July, has the largest share or originations at 19.9%. The relative strength of DSCR. The offering.

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HomeLight

DECEMBER 12, 2023

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. A common worry among homebuyers is to find the perfect house, put down a deposit with an accepted offer, and then learn that your mortgage application is denied — you lose both the house and your earnest money. Get Started What is a mortgage contingency?

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Real Trends

MAY 26, 2023

What once featured pictures of food and puppies has been replaced by a barrage of posts about sales coaching, so let’s take a look at what is going on. There is no secret that mortgage volume is down. The role of the sales manager has also changed. Many sales managers are also producing originators. Quite the contrary.

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HomeLight

SEPTEMBER 21, 2023

So, you’ve accepted an offer on your home sale. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale? These can include where you live, whether it’s a cash or mortgage-financed sale, and whether you’re working with a top real estate agent.

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Realty Biz

NOVEMBER 16, 2023

Lenddesk is touting Lender Spotlight AI as a powerful tool that can help mortgage professionals save time and find solutions faster for homebuyers. It’s a prime example of how AI is being used to improve the mortgage process for both borrowers and lenders.

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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

AUGUST 25, 2021

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines. Sheila Meagher, Senior Vice President of Enterprise Sales and Account Management at SitusAMC.

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Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. As with many aspects of the reverse mortgage industry, it also comes down to general awareness, Hultquist adds.

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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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Housing Wire

MAY 26, 2023

In a vacant lot or seller impersonation scam, public records are searched to identify real estate that is free of mortgage or other liens, as well as the identity of the property owner. When it comes to close on the sale of the property the scammer will request a remote notary signing. of total land sales in the U.S.,

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Marco Santarelli

JUNE 10, 2024

We are talking about the “ Poor Condition Houses for Sale.” Potential Payoff: Why Poor Condition Houses for Sale Can Be a Savvy Investment The high cost of houses in today's market can be a major turnoff, but fixer-upper properties offer a tempting alternative. Where to Find Poor Condition Houses for Sale?

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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. Fannie Mae and Freddie Mac both use eVaults and encourage eNote sales. Likewise, the faster a loan sells, the sooner the lender’s capital is replenished and the gain on sale realized.

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Toronto Realty Blog

OCTOBER 10, 2023

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

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HomeLight

JUNE 23, 2022

The danger to a seller in this scenario is having to pay an extra mortgage payment and additional marketing fees if, after weeks of being wrapped up in an exclusive agreement with a buyer, the buyer falls through. The Appraisal Contingency : This contingency typically only applies to offers that require a mortgage to purchase the property.

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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. In the early 2000s, many — including myself — believed empowering someone with a home for sale to contribute to the buyer’s down payment was a small way to help deserving families.

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HomeLight

MAY 31, 2024

Louis home sales in 2023. Louis, sellers can avoid many of the traditional market hurdles, such as lengthy mortgage approvals and bank appraisals. Louis home through HomeLight’s Simple Sale platform whenever you’re ready. In fact, a Realtor.com® ® Investor Report found that investors accounted for nearly 17% of St.

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Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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