Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. VA loans are probably the best loans on the market.

VA loan 450

VA loan Loans Principal Mortgages 450

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae.

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Principal Development Finance Industrial 370

Housing Wire

APRIL 24, 2024

The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lender, and it is spearheaded by Ryan Schmidt, FAR’s vice president of partner engagement. With the right ambassador, that task is made simpler.

Mortgages 410

Mortgages Loan Officer Principal Loans 410

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

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Principal MLS Agents Brokerage 407

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

Principal 441

Principal Loans Investor Industrial 441

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

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Finance Principal Residential Development 419

Housing Wire

JANUARY 4, 2024

Any time we see exits and consolidations we tend to see a dip in industry production for a time,” McCue said. “In million of [unpaid principal balance (UPB)] that may not otherwise have been issued in December.” Beyond that will depend on what happens to rates.” This is a different situation.” This represents $15.6

Mortgages 450

Mortgages Bankruptcy Principal Finance 450

Housing Wire

MARCH 28, 2023

Homeowners who are making monthly mortgage payments to Rocket Mortgage can use their card points to receive 2% of their card spending toward their unpaid principal balance. Homebuyers can combine their Rocket Rewards and Rocket Signature Card points to save money on closing costs when financing their home purchase through Rocket Mortgage.

Closing costs 410

Closing costs Finance Principal Mortgages 410

Housing Wire

MARCH 21, 2024

Four of the top 10 industry lenders also gained ground for the month. to 107 loans), Finance of America Reverse (up 17.4% Also noting a spike in business was David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina. “I to 682 loans) and Longbridge Financial (up 4.7% to 358 loans).

Mortgages 427

Mortgages Loans Equity Principal 427

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. Potter added: “Government lending would come to a halt.

VA loan 458

VA loan Agents Seller concession FHA loan 458

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. million in unpaid principal balance; pool 2 is at $342.5 Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats.

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

APRIL 19, 2022

The administration said that the new loss mitigation option could be an alternative for borrowers who cannot reduce their principal and interest payments by 25% through FHA’s existing 30-year mortgage modification with a partial claim. Comments from the mortgage industry are due by May 31.

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Loans Principal Mortgages Real-estate owned 496

Housing Wire

JANUARY 30, 2024

But the MSR market also appears to be in the midst of a rebalancing act marked by the growth of third-party private capital and an overall consolidation of market players, according to some industry experts. Mike Carnes, managing director of the MSR valuation group at Mortgage Industry Advisory Corp.

Marketing 406

Marketing Principal Banks Loans 406

Housing Wire

JUNE 26, 2023

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week. Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. The serious delinquency rate also decreased to 0.6%

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Housing Wire

APRIL 7, 2021

These results are notable considering the sheer speed and impact the pandemic had on the mortgage finance industry. The servicing industry had to do this even while shifting its own workforce out of the office and into their homes. In a flash, millions of Americans lost their jobs and incomes.

Mortgages 489

Mortgages Principal Loans Finance 489

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter.

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Banks Principal Finance Equity 397

Housing Wire

NOVEMBER 15, 2023

With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller. He takes over at a critical point in the real estate industry. That’s Mark Willis.” All three parties plan to appeal.

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Brokerage Principal Industrial Agents 432

Housing Wire

JUNE 2, 2022

NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021. Demetria McCain, HUD’s principal deputy assistant secretary for fair housing and equal opportunity, said it is “imperative” that lenders comply with fair housing laws.

Mortgages 397

Mortgages Loan Officer Lending Principal 397

Housing Wire

MARCH 3, 2022

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics. So, it may start to come down.

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Principal Loans Lending Finance 370

Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. Job losses in the service industry sector severely impacted renters, while those who have been able to maintain their jobs remotely have fared much better.

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Principal Finance Loans Equity 479

Housing Wire

MAY 5, 2023

In January, the Federal Housing Finance Agency (FHFA) made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The industry had already consumed these fees for weeks,” Shemi explained. “So,

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Principal Industrial Mortgages Finance 395

Housing Wire

NOVEMBER 7, 2023

Servicing loanDepot’s unpaid principal balance increased to $143.9 CFO David Hayes said that in the quarter, the company sold excess agency mortgage servicing rights related to unpaid principal balances totaling $12 billion, resulting in a gain of $4 million. billion as of Sept. 30, 2023, from $142.5 billion as of June 30, 2023.

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Principal Loans Sales Mortgages 421

RIS Media

MAY 9, 2022

Several hundred REALTORS ® attended Wednesday’s Emerging Business Issues and Technology Forum, which provided insight into the top emerging tech trends that are expected to have the biggest impact on the real estate industry in the coming years. sold cryptocurrency to help finance a down payment in 2021, up from 8.8% in 2020 and 4.6%

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Industrial Technology Finance Principal 98

Housing Wire

MAY 31, 2021

Senate Finance Committee. His list of accomplishments includes being the principal drafter of the mortgage forbearance program enacted through the CARES Act, which reshaped the mortgage industry and enabled more than 4 million homeowners to hit the pause button on their mortgage.

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Principal Banks Finance Mortgages 391

Housing Wire

APRIL 14, 2023

That rumor was given more credence when industry publication Inside Mortgage Finance reported in early February of this year that Wells Fargo was contemplating two bulk MSR offerings — one at $20 billion and the other at $40 billion. billion based on the unpaid principal balance (UPB), down from $679.2 to 5.25.

Principal 421

Principal Loans Banks Mortgages 421

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The elevated mortgage rate environment has created a mortgage rate lockdown effect of sorts, limiting the pool of customers for the mortgage industry. Layoffs, LOs leaving the industry for good. over asking price. High octane stuff.

Equity 526

Equity Marketing Loans Bankruptcy 526

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

NOVEMBER 8, 2023

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages. billion in unpaid principal balance as of Sep. Guild reported a $54.2

Principal 421

Principal Loans Mortgages Industrial 421

RIS Media

DECEMBER 6, 2020

Federal Housing Finance Agency (FHFA) Director Mark Calabria issued a statement at the Financial Stability Oversight Council Principals meeting. “As the annual report describes, strong labor markets and house price appreciation created a solid foundation under America’s mortgage finance system at the start of 2020.

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Principal Finance Banks Loans 62

Housing Wire

APRIL 29, 2022

While the mortgage industry experienced record high origination volumes in recent years and resources were scaled up to meet consumer demand, the industry now faces higher interest rates leading to lower originations volume ,” a spokesperson for Mr. Cooper Group said in a statement.

Principal 370

Principal Loans Mortgages Land 370

Housing Wire

JANUARY 8, 2021

Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings. MBA President and CEO Bob Broeksmit explained that Appleton was brought on in order to usher MISMO and the housing industry into the digital future.

Development 458

Development Industrial Technology Principal 458

Housing Wire

NOVEMBER 9, 2022

The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Some 80% of the volume in our industry is done by about 40% of the LOs.

Loan Officer 410

Loan Officer Loans Mortgages Industrial 410

Housing Wire

AUGUST 9, 2023

We are hiring right now, whereas the industry as a whole is continuing to cut back on capacity,” Mat Ishbia, chairman and CEO, said in a statement. billion in mortgage loans in the second quarter of 2023 “despite a historic decline in industry-wide origination volume during 2023,” according to Ishbia. UWM originated $31.8 UWM had $294.9

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. “The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, CEO of StoicLane and one of the investors in the round, said in a statement.

Mortgages 377

Mortgages Investor Loan Officer Principal 377

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. Still, a sluggish to slightly better forecast for 2024 beats the hardscrabble path of retrenchment the industry endured in 2023.

Mortgages 441

Mortgages Banks Loans Industrial 441

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Before the Federal Reserve raised the federal funds rate by 0.75 The median existing house price increased 7.7% About 9.1%

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes. trillion.

Equity 397

Equity Fixed-rate mortgage Principal Mortgages 397