Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. For an LO working to get the loan to the finish line, this can be a huge time saver. Why do we need them? Who is eligible to take advantage of them?

Loans 329

Loans Inspection Lending Technology 329

Housing Wire

JANUARY 25, 2024

“[At a time] when we’re not dealing with strong interest rate headwinds that are leading to bond market volatility, which is leading us to be unsure about what we’re going to get for these loans when we securitize them in the market. So, that’s really it.”

Industrial 338

Industrial Mortgages Marketing Finance 338

Housing Wire

MAY 20, 2024

. “The past four years have placed a series of stressors on the market, which have been exacerbated by long-standing gaps in housing supply,” Adrianne Todman, HUD’s acting secretary, said on stage during Mortgage Bankers Association (MBA) Secondary & Capital Markets Conference held in New York.

Mortgages 352

Mortgages Loans Staging Industrial 352

Housing Wire

JANUARY 8, 2021

After three consecutive weeks of increases , the number of mortgage loans in active forbearance fell by 92,000 the first week of 2021, according to a Friday report from Black Knight. Fannie Mae and Freddie Mac loans in forbearance fell 3.3% million loans in forbearance appeared first on HousingWire. of all mortgages, and 2.74

Loans 384

Loans Title Staging Mortgages 384

Housing Wire

FEBRUARY 27, 2024

DKMC), has tapped industry veteran Mosi Gatling as senior vice president of strategic growth and expansion, a newly created role on NAF’s leadership team. of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex.

FHA loan 381

FHA loan Loan Officer Loans Staging 381

Housing Wire

APRIL 10, 2023

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

Title 310

Title Loans Equity Title search 310

Housing Wire

MARCH 31, 2022

Title reports can be confusing, while at the same time lenders seek to reduce time and friction in the loan origination cycle to remain competitive and provide their borrowers with excellent customer service. Radian Ready is a compliant solution that yields a standard ALTA loan policy meeting investor requirements.

Title 291

Title Loans Technology Industrial 291

Housing Wire

MAY 16, 2024

Some of the report’s findings underscore certain longstanding perceptions of the HECM program in terms of borrower engagement, while recognizing efforts that lenders and the broader industry have made to increase availability to more types of borrowers. billion from the program. For non-borrowing spouses , the results were a bit more mixed.

Loans 310

Loans Equity Principal Development 310

Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. As industry professionals grapple with uncertainties, market shifts and evolving dynamics, the key to thriving lies not only in adapting to change but also in embracing it as an opportunity for growth.

Loan Officer 380

Loan Officer Agents Marketing Loans 380

Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. But lenders have since found that implementing multiple point solutions for each step of the loan process can result in silos, gaps in communication, lack of visibility and high overhead costs related to systems integration and vendor management.

Technology 319

Technology Title Staging Loans 319

Housing Wire

OCTOBER 13, 2023

nine industry sources told HousingWire. The talks remain ongoing and are not believed to be in the late stages, sources said. According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business.

Loan Officer 464

Loan Officer Loans Mortgages Finance 464

Housing Wire

SEPTEMBER 12, 2023

This is true, even though we all know there are very few winners when the industry slows down as quickly and significantly as it has over the past 24 months. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM. For most of this century, they’ve come out on the winning side.

Banks 355

Banks Mortgages Loans Investor 355

Housing Wire

APRIL 9, 2021

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

Loans 325

Loans Purchase and sale agreement Staging Mortgages 325

Housing Wire

NOVEMBER 14, 2023

Delinquent home loans on one- to four-unit properties rose to 3.62% of all outstanding mortgages in Q3, up from 3.37% the previous quarter and 3.45% a year ago, according to MBA ’s National Delinquency Survey. The increase was driven entirely by a rise in earliest-stage delinquencies – those 30-days and 60-days past due.

Mortgages 332

Mortgages Marketing Staging Loans 332

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans. Duane Andrews, CEO.

Loans 229

Loans Technology Development Inspection 229

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As by the end of 2023.

Mortgages 388

Mortgages Equity VA loan FHA loan 388

Housing Wire

FEBRUARY 12, 2024

Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% drop from Q3 2022 to Q4 2022, the report showed. Meanwhile, loan volume in the fourth quarter was up by 1% year over year, a significant increase from the annualized decline of 65% in Q4 2022.

Mortgages 420

Mortgages Lending Loans Equity 420

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. By stage, 36.5% of total loans in forbearance are in the initial forbearance plan stage, while 53.3%

Mortgages 312

Mortgages Staging Loans Investor 312

Housing Wire

FEBRUARY 8, 2024

Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, according to MBA ’s National Delinquency Survey. in the previous quarter.

Mortgages 345

Mortgages VA loan Loans Staging 345

Housing Wire

DECEMBER 10, 2020

Now, the housing industry is welcoming HUD’s next potential leader. “On million are estimated to be in some stage of delinquency,” Waters said. “It This acceptance from the housing industry is vastly different than the reception HUD Secretary Ben Carson received upon his nomination to the post. David Price, D-N.C.,

Industrial 334

Industrial Development As-is Staging 334

Housing Wire

APRIL 25, 2024

Having just enough time to review the broad strokes of the CFPB’s announcement immediately before taking the stage, Stork said that he is supportive of certain recent efforts by the bureau, including caps to overdraft fees on credit card purchases. “As The session featured Developer’s Mortgage Co.

Loans 317

Loans Staging Mortgages As-is 317

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

Loan Officer 321

Loan Officer Technology Loans Banks 321

Housing Wire

DECEMBER 22, 2023

As the digital transformation of our industry accelerates, we’re committed to acquiring and building solutions that help us further expand our reach and achieve the next stage of our mission to transform and streamline the real estate experience for all constituents.” Launched in 2004, 10 of the nation’s top 30 banks work with Volly.

Title 363

Title Staging Technology Banks 363

Housing Wire

MAY 20, 2024

Rohit Chopra , the head of the Consumer Financial Protection Bureau , and frequent critic Bob Broeksmit, the president and CEO of the Mortgage Bankers Association , sparring on stage over what constituted a junk fee. ” Chopra also took aim at related verifications that are required by investors to buy a loan.

Mortgages 391

Mortgages Closing costs Loans Staging 391

Calculated Risk Real Estate

MARCH 4, 2024

year low in January, shortening secondary market hedging times emphasis added Mortgage Originations “Purchase Dominant” Here is a graph of the number of loans for purchase and refinance since 1995 (includes a forecast for 2024).

Loans 113

Loans Mortgages Lending Staging 113

Housing Wire

SEPTEMBER 11, 2023

The mortgage industry has witnessed its fair share of tribulations and transformations, but its response to those challenges and changes is often a tale of reactiveness. Regulatory changes, digitalization and the lending cycle are a few classic instances where the industry is often caught in a reactionary state.

Mortgages 343

Mortgages Loans Lending Industrial 343

Housing Wire

OCTOBER 18, 2022

Loan quality and audit services company QC Ally announced on Tuesday that Kristin Broadley has joined the company as its new chief innovation officer. In this role, Broadley will help expand QC Ally’s tech-enabled loan quality initiatives and audit services. Broadley’s professional career spans more than two decades.

Loans 319

Loans Staging Mortgages Industrial 319

Housing Wire

DECEMBER 20, 2021

The share of homeowner’s mortgage loans in forbearance decreased by 39 basis points to 1.67% as of Nov. 30, according to the Mortgage Bankers Association ( MBA ) , the latest sign that the sun is setting on loan forbearance agreements hammered out under the CARES Act. Ginnie Mae loans decreased by 42 bps to 2.10% of the total.

Loans 400

Loans Staging Mortgages Industrial 400

Housing Wire

APRIL 29, 2024

GR bets big on reverse education Also mentioning reverse mortgages on stage was Andrew Pohlmann, chief marketing officer of Guaranteed Rate. After the certification is gained, these professionals can start marketing reverse mortgages more broadly to referral partners, including real estate agents and financial advisers, Pohlmann said.

Mortgages 384

Mortgages Staging Lending Equity 384

Housing Wire

DECEMBER 19, 2022

The Mortgage Bankers Association (MBA) reported Monday that the total number of loans in forbearance remained at 0.70% of the servicers’ total portfolio volume in November. The percentage of Fannie Mae and Freddie Mac loans in forbearance also increased in November by a single basis point to 0.32%. There were 350,000 U.S.

Loans 382

Loans Staging Mortgages Industrial 382

Housing Wire

JANUARY 22, 2024

The sources said negotiations are in the late stages and remaining details are expected to be finalized this month. If the deal goes through, the companies would have about 2,130 loan officers, which includes 1,884 from NAF and 251 from DKMC, per data collected as of Jan. billion originated in mortgage loans for the whole year of 2023.

Mortgages 324

Mortgages Loan Officer Residential Loans 324

Housing Wire

JULY 17, 2023

The share of mortgage loans in forbearance decreased by five basis points in June 2023 relative to May 2023 to 0.44% from 0.49%, according to the Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey. The share of Fannie Mae and Freddie Mac loans in forbearance decreased relative to the prior month to 0.21% from 0.23%.

Mortgages 306

Mortgages Loans Staging Banks 306

Housing Wire

MAY 2, 2024

Housing forever : Boomers must secure housing that is safe and appropriate for aging, through all the stages of retirement. A housing professional’s value proposition must extend beyond building and selling homes and originating mortgage loan transactions. Housing costs will likely be the number one expense through retirement.

Equity 357

Equity Lending Staging Mortgages 357

Housing Wire

MAY 16, 2022

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). Ginnie Mae loans in forbearance decreased 9 bps, at 1.29% of servicers’ portfolio volume.

Loans 403

Loans Staging Mortgages Industrial 403

Housing Wire

APRIL 17, 2023

The total number of loans in forbearance in March decreased five basis points from February, dropping to 0.55% from 0.60% of servicers’ portfolio volume. The most significant improvement came from Ginnie Mae loans in forbearance, which declined 10 basis points to 1.18% in March. The survey showed that 33.8%

Closing 347

Closing Mortgages Loans Staging 347

Housing Wire

APRIL 7, 2023

Rate lock volume activity in the residential mortgage industry increased across the board in March after dipping in February, according to data compiled by the Mortgage Capital Trading, Inc. Rate lock activity compiled by MCT is based on the actual dollar volume of locked loans rather than the number of applications, the company said.

Loans 338

Loans Staging Residential Banks 338

Housing Wire

JANUARY 18, 2022

The total number of loans in forbearance decreased by 26 basis points, to 1.41% in December from 1.67% in November , according to the Mortgage Bankers Association (MBA). The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 51 basis points to 3.43%. million loans serviced as of Dec.

Loans 398

Loans Staging Mortgages Industrial 398