Housing Wire

APRIL 1, 2022

Finance of America CEO Patti Cook. In February, Finance of America CEO Patti Cook announced her retirement after a successful career in finance that spanned 45 years. When you look at how fixed-income developed, mortgage-backed securities were brand new at the time and I was right at the forefront of that work.

Finance 342

Finance Industrial Development Mortgages 342

Housing Wire

JULY 17, 2023

The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap.

Mortgages 340

Mortgages Finance Development Staging 340

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Banks 350

Banks Brokerage Mortgages Loans 350

Housing Wire

JANUARY 25, 2024

Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD about his journey to the position and the “intoxicating” opportunity he sees in the reverse mortgage space.

Industrial 350

Industrial Mortgages Marketing Finance 350

Housing Wire

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. But compare mortgage delinquencies over the same period: 2.8% While there was a decrease in the share of mortgages six months or more past due, there was a compensating increase in early-stage delinquencies. The overall U.S.

Mortgages 419

Mortgages Principal Staging Loans 419

Housing Wire

AUGUST 22, 2023

The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association ’s (MBA) monthly loan monitoring survey. Mortgage servicers have provided forbearance to about 7.9 By stage, 36.5% are in a forbearance extension.

Mortgages 324

Mortgages Staging Loans Investor 324

Housing Wire

APRIL 17, 2023

As the COVID-19 national emergency draws to a close, the forbearance rate has decreased month over month, according to a report from the Mortgage Bankers Association (MBA) on Monday. of total loans were in the initial plan stage last month and 52.9% The survey showed that 33.8% were in a forbearance extension. The remaining 13.3%

Closing 359

Closing Mortgages Loans Staging 359

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS. in the mortgage lending space. .

Mortgages 361

Mortgages Banks Loans Lending 361

Housing Wire

MAY 8, 2024

Let’s see how this has played out in different stages of the economy. After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes.

Staging 464

Staging Loans Mortgages Sales 464

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 352

Banks Mortgages Technology Branding 352

Housing Wire

MARCH 7, 2024

Powell noted that regulators were in the early stages of absorbing feedback and evaluating possible changes. The proposed reforms have sparked particular concerns within the housing sector, notably regarding the impact on the jumbo mortgage market and regional banks. He refrained from commenting on specific changes.

Banks 363

Banks Lending Residential Staging 363

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgages 354

Mortgages Technology Closing costs Title 354

Housing Wire

OCTOBER 13, 2023

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks to acquire Fairway Independent Mortgage Corp. The talks remain ongoing and are not believed to be in the late stages, sources said. mortgage lender, originated $13.37

Loan Officer 464

Loan Officer Loans Mortgages Finance 464

Housing Wire

SEPTEMBER 22, 2021

Even though it’s rare that housing finance is listed on someone’s career aspirations when leaving high school, it doesn’t mean that the people who are in this space are any less passionate about what they do. If you were standing on a stage giving an acceptance speech, who would you want to thank for helping you get where you are today?

Industrial 272

Industrial Mortgages Lending Technology 272

Housing Wire

SEPTEMBER 9, 2021

Dave Sheeler, president of residential servicing and correspondent lending at Freedom Mortgage. Even though it’s rare that housing finance is listed on someone’s career aspirations when leaving high school, it doesn’t mean that the people who are in this space are any less passionate about what they do. Become a member today.

Industrial 333

Industrial Mortgages Lending Residential 333

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 364

Renovation Fixed-rate mortgage Equity Finance 364

Housing Wire

OCTOBER 10, 2023

CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 300 real estate and mortgage professionals. He noted the benchmark 10-year Treasury yield edged 4.8% for the first time since 2007.

Mortgages 297

Mortgages Banks Staging Industrial 297

Housing Wire

JULY 5, 2023

From listening to executives at the biggest companies in real estate and mortgage to dedicated panels on growing women in leadership and how to build competitive marketing strategies , you can find inspiration on stage in Austin, Texas. Future-proof your business with this year’s powerful HW Annual agenda.

Development 316

Development Marketing Staging Lending 316

Housing Wire

DECEMBER 22, 2023

Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. My goal with my career in mortgage is to help bridge the generational gap between mortgage professionals and next-generation borrowers. So, what does this mean for the world of real estate finance?

Branding 419

Branding Technology Finance Industrial 419

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.

Due diligence 390

Due diligence Lending Technology Mortgages 390

Housing Wire

MAY 23, 2023

Mortgage tech company Blend has launched a soft credit inquiry function for lenders at a time when the industry is facing higher credit report fees. With Blend’s soft credit functionality, lenders can expect to save about $50 per file for borrowers at this high-attrition stage of the process,” the company said Tuesday.

Finance 361

Finance Staging Mortgages Industrial 361

Housing Wire

DECEMBER 26, 2023

But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms. “I At this stage there is obviously a wide range of potential outcomes of how the lawsuit storyline could unfold next year. “At

Brokerage 417

Brokerage Mortgages Agents Industrial 417

Housing Wire

FEBRUARY 28, 2022

Maintaining and deepening relationships with borrowers is important for lenders, but it takes valuable time away from other business efforts for mortgage organizations. Black Knight’s Surefire CRM and Mortgage Marketing Engine helps mortgage professionals win new business, drive repeat business and gain referral business.

Marketing 318

Marketing Mortgages Branding Lending 318

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). rebranded as Rithm Capital ).

Equity 282

Equity Lending Finance Loans 282

Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. From ordering food to buying goods to managing their finances, consumers can do it all from the palm of their hand, without ever having to leave their house. Why should the mortgage process be any different?

Mortgages 387

Mortgages Technology Inspection Closing 387

Housing Wire

JULY 26, 2021

Servicers’ forbearance portfolio volume fell two basis points to 3.48% from 3.50% last week, according to a survey from the Mortgage Bankers Association. The Federal Housing Finance Agency , which oversees Fannie and Freddie, echoed that its ban will lift at the end of the month. By stage, 9.8% Approximately 1.74

Staging 464

Staging Loans Finance Development 464

Housing Wire

JUNE 7, 2022

Few other industries must deal with the level of complexity of home finance. From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. We’re seeing mortgage executives and workers retiring at record rates.

Lending 279

Lending Mortgages HR Title 279

Housing Wire

MAY 18, 2022

Nonbank mortgage lender and servicer Ocwen Financial Corp. O’Neil will start at Ocwen on June 13 to lead the firm’s global finance organization amid a challenging mortgage origination market. That will be instrumental as we continue to navigate a challenging mortgage originations market.”. Earlier this month, a U.S.

Marketing 330

Marketing Staging Land Mortgages 330

Housing Wire

NOVEMBER 22, 2023

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. Meanwhile, early-stage delinquencies (30 and 60 days past due) also took a dive, down 15,000 borrowers month over month to 1.7 million in total.

Staging 346

Staging Loans Mortgages Finance 346

Housing Wire

FEBRUARY 20, 2024

.” Den Herder, who spent about 15 years at Fannie Mae before founding Ardley in 2021, explained that the platform runs the borrower eligibility and pricing rule at every stage throughout the loan application and is able to offer a conditional approval at the end of the process.

Technology 340

Technology Loans Staging Equity 340

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 450

Sales New Construction Staging Mortgages 450

Housing Wire

JANUARY 5, 2022

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio.

Loans 516

Loans Finance Mortgages Title 516

Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. Horton, Lennar Corp. and NVR Inc.

Fixed-rate mortgage 331

Fixed-rate mortgage Finance Investor Loans 331

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 339

Marketing Principal Banks Loans 339

Housing Wire

MAY 2, 2021

While they’ve long been the backbone of companies trying to navigate the cyclical nature of the industry, housing finance executives took center stage last year. This feature compares the 2008 financial crisis to the pandemic’s impact on the capital markets, outlining the massive shift in market share by lenders. Already a member?

Finance 242

Finance Staging Mortgages Industrial 242

Housing Wire

OCTOBER 11, 2022

The mortgage industry needs to face the facts: today’s approach to lead generation is broken. For decades, mortgage lenders have relied on purchased lead lists to ferry in loan revenue. This makes consumers less likely to engage with a lender until they are absolutely certain that they are ready to begin the mortgage process.

Staging 324

Staging Loans Mortgages Sales 324

Housing Wire

APRIL 22, 2024

People think that M&A is about finance, deal structure and 20% of it is that, but 80% of it is relationships, and commonality of purpose and interests,” Murray said. Kevin Walsh, the CFO of Century 21 New Millennium , joined Murray and Wright on stage. What does your instinct say? Murray said.

Brokerage 355

Brokerage Purchase and sale agreement Title Industrial 355