Housing Wire

NOVEMBER 16, 2023

Nonbank originator Change Lending and the U.S. The CDFI certification is given by the Treasury Department CDFI Fund to lenders providing financial services to low-income communities and people who lack financing. But at least 60% of a lender’s financing must target these borrowers.

Lending 413

Lending Principal Finance Loans 413

Housing Wire

MAY 13, 2024

McCain, HUD’s principal deputy secretary for fair housing and equal opportunity, said in a statement. Rocket will also provide fair lending training to its employees and improve outreach regarding the financing options available for properties within the boundaries of Native American reservations.

Lending 391

Lending Land Principal Finance 391

Housing Wire

APRIL 4, 2025

Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said. But the variations available to brokers and principal agents differ. Previously, the Platinum line aligned its minimum amount with Federal Housing Administration (FHA) lending limits.

Mortgages 268

Mortgages Principal Loans Equity 268

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending 268

Lending Technology Title Development 268

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. The post FHA’s manufactured housing loan program gets a facelift appeared first on HousingWire.

Loans 450

Loans Title Finance Lending 450

Housing Wire

JUNE 28, 2024

The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing. The FHFA began soliciting applications for the committee in September 2023.

Lending 396

Lending Principal Finance Land 396

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 504

Banks Lending Loans Principal 504

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

Loans 496

Loans Principal Mortgages Real-estate owned 496

Housing Wire

NOVEMBER 29, 2023

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this week by the Federal Housing Finance Agency (FHFA), according to All Participants Memorandum (APM) 23-13. Virgin Islands, the one-unit property limit is ​$1,149,825​​.

Loans 415

Loans FHA loan Principal Finance 415

Housing Wire

APRIL 24, 2024

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

Principal 432

Principal Due diligence Lending Title 432

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Aslan Home Lending Corporation. JMAC Lending. Principal and Chair, Financial Instituions Regulatory Practice Group.

Title 397

Title Lending Finance Technology 397

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 450

Technology Title Development Lending 450

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

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets.

Mortgages 421

Mortgages Lending Banks Technology 421

Housing Wire

JULY 21, 2022

With respect to nonagency loans and non-QM loans, warehouse lenders will finance between 90% and 95% of the original principal amount of the loan, which requires [FGMC] to use working capital to fund the remaining portion of the principal balance of the mortgage loans,” states a declaration filed with the court by FGMC CEO Aaron Samples.

Bankruptcy 397

Bankruptcy Banks Pre-approval Principal 397

Housing Wire

JANUARY 3, 2023

On December 22, 2021, borrower (loanDepot) executed an eighteenth amended and restated promissory note in the principal amount of $268,000,000 in favor of Lender (NexBank), evidencing the loan,” according to the filing. As of September 30, the lender’s total funding capacity with its lending partners decreased by 42.4%

Lending 79

Lending Principal Loans Mortgages 79

Housing Wire

JANUARY 10, 2022

Currently, the lender ranks sixth place among the top wholesale lenders in the nation, though its rebranding could signal that PennyMac is looking to increase its market share in the wholesale lending space. In the wholesale lending space, there has been a notable push to entice brokers to come onboard. As of Sept.

Principal 384

Principal Lending Technology Loans 384

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Investor 421

Investor Bankruptcy Finance Equity 421

BAM Media

JANUARY 8, 2025

As a real estate agent, you know how critical financing is to the success of any property transaction. But did you know that the type of financing you choose can significantly impact your bottom line? Lets dive into how lending fees and interest rates can affect your investmentsand how seller financing can help you save big.

Finance 59

Finance Investor Lending Loans 59

Housing Wire

OCTOBER 12, 2021

PNC Bank allegedly breached Fannie Mae ’s COVID-19 payment deferral agreement by continuing to charge homeowners who opted for the home retention option for past-due monthly principal and interest payments. Additionally, the lawsuit claims that PNC’s practices violated the Maryland Consumer Protection Act (MCPA).

Banks 384

Banks Principal Loans Lending 384

Housing Wire

SEPTEMBER 3, 2024

Making sure that borrowers understand the full implications of home equity products — particularly as rates change the qualification equation for some — will be key, according to David Peskin, CEO of HighTechLending , dba American Senior Lending. It is very important for lenders to make sure the cost to benefit makes sense for the borrower.

Mortgages 441

Mortgages Equity Finance Lending 441

Housing Wire

AUGUST 1, 2024

is doubling down on the reverse mortgage space by entering into an agreement to acquire the reverse lending assets of Mortgage Assets Management (MAM) from Waterfall Asset Management. This deal is also accompanied by seller-provided financing, and it is accretive to both earnings per share and cash. The company intends to issue $51.7

Principal 396

Principal Mortgages Lending Closing 396

Housing Wire

MAY 16, 2022

UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. billion in the broker channel last year, according to Inside Mortgage Finance. . billion.

Principal 384

Principal Banks Loans Lending 384

Housing Wire

MARCH 3, 2022

. “Whether it is a natural disaster, a job loss, or an illness, forbearance is wildly effective,” John Lawrence, executive vice president of the Texas-based servicer Selene Finance , said last week during the Mortgage Bankers Association (MBA) Servicing Conference in Orlando. So, it may start to come down.

Principal 370

Principal Loans Lending Finance 370

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

Commercial 391

Commercial Finance Branding Principal 391

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. Potter added: “Government lending would come to a halt. These clients are typically low on funds, which is why they need this type of financing.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

AUGUST 11, 2022

Our lenders could elect to declare outstanding amounts due and payable, terminate their commitments, require the posting of additional collateral and enforce their interests against existing collateral, as well as triggering cross-default provisions under other financing facilities,” loanDepot’s SEC filing states. billion.

Loans 397

Loans Principal Lending Mortgages 397

Housing Wire

JUNE 28, 2022

The offering includes a two-year revolving term during which principal payoffs on the underlying loans can be reinvested in purchasing additional newly originated loans. billion in originations, up nearly 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF). billion, according to IMF.

Principal 363

Principal Investor Loans Lending 363

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

Loans 419

Loans Renovation Principal Finance 419

Housing Wire

AUGUST 11, 2022

Keith Lind, CEO of non-QM lender Acra Lending, put it this way: “These aren’t bad loans, just bad prices.”. “We AOMR has bulked up its warehouse lending arsenal to help bolster liquidity to better cope with the volatility of the current market. The Angel Oak Cos. billion,” the REIT reports.

Mortgages 384

Mortgages Residential Loans Lending 384

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. The holding company will invest in finance, insurance, and real estate businesses. Chicago-based mortgage originator Interfirst Mortgage Co. Since 2004, they claim to have created $4 billion in equity value to investors.

Mortgages 375

Mortgages Loan Officer Loans Investor 375

Housing Wire

SEPTEMBER 30, 2024

It also sold MSRs of low-coupon originations from the 2020 and 2021 vintages, bringing its total unpaid principal balance (UPB) to $114 billion on June 30 compared to $142 billion on March 31. It follows other strategies to strengthen its financial position, including selling mortgage servicing rights (MSRs) and extending debt.

Closing 405

Closing Principal Residential Finance 405

Housing Wire

APRIL 24, 2024

billion in unpaid principal balance (UPB). Cooper Group named former Wells Fargo Home Lending executive Ranjit Bhattacharjee and former Piper Sandler analyst Kevin Barker to its leadership team. He will be responsible for oversight of capital markets and correspondent lending , reporting directly to chairman and CEO Jay Bray.

Equity 380

Equity Lending Technology Principal 380

Housing Wire

JUNE 9, 2023

Three large and mismanaged depositories failed in the first quarter of 2023, yet progressive partisans like Chopra, Treasury Secretary Janet Yellen, and Federal Housing Finance Agency head Sandra Thompson ignore the public record and continue to fret about nonexistent risk of contagion from mortgage servicers.”

Banks 368

Banks Debt-to-income ratio Lending Loans 368

Housing Wire

MAY 27, 2022

“Creditors who use complex algorithms — including artificial intelligence or machine learning technologies — to engage in credit decisions must still provide a notice that discloses the specific, principal reasons for taking adverse actions,” CFPB said in a news release. There is no exception,” it added.

Lending 421

Lending Principal Technology Mortgages 421

Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year. billion in 2021 to $4.6 HELOC’s were not broken out separately in that report.

Equity 370

Equity Loans Residential Banks 370

Housing Wire

OCTOBER 3, 2024

Interestingly, when looking at year-to-date endorsement figures, Mutual of Omaha Mortgage has overtaken Finance of America (FOA) as the largest lender in the country by a margin of 113 loans. million of [unpaid principal balance] that may not otherwise have been issued in September,” New View explained. “[The The potential for HMBS 2.0

Mortgages 415

Mortgages Loans Finance Equity 415