FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The post FHFA extends relaxed appraisal, lending standards appeared first on HousingWire.

Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. To that end, the GSEs began accepting alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

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Guaranteed Rate to acquire Stearns Lending

Housing Wire

The post Guaranteed Rate to acquire Stearns Lending appeared first on HousingWire. M&A / Funding Mortgage Featured Guaranteed Rate M&A MORTGAGE M&A Stearns Stearns Lending

Pandemic ushers in a new era of digital lending

Housing Wire

That has caused a remarkable shift to a digital lending model that has significantly impacted a lender’s ability to do business during these challenging times. The post Pandemic ushers in a new era of digital lending appeared first on HousingWire. Mortgage digital lending HWplus

2021 means new challenges for mortgage lending

Housing Wire

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. Buckle up lending community — this may be only getting started!

Why mortgage lending standards will ease in 2021

Housing Wire

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire.

Successful mortgage lending starts with superior customer service

Housing Wire

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending.

FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The post FHFA extends relaxed appraisal, lending standards appeared first on HousingWire.

Developing a lending strategy for rising mortgage rates

Housing Wire

For those that have focused on purchase lending, they will see less of a drop in total volume. The post Developing a lending strategy for rising mortgage rates appeared first on HousingWire.

Mortgage lending volume in 2020 likely to break records

Housing Wire

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire.

Acra Lending launches new jumbo prime program

Housing Wire

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. The post Acra Lending launches new jumbo prime program appeared first on HousingWire.

Glenn Stearns’ Kind Lending originates $1B in 6 months

Housing Wire

Kind Lending , national wholesale mortgage lender and second brainchild to mortgage veteran Stearns, announced that the lender originated $1 billion in the first six months of production – a feat that took Stearns first company, Stearns Lending , 15 years to accomplish.

Chase sees huge digital adoption in home lending business

Housing Wire

Another one would be home lending. The post Chase sees huge digital adoption in home lending business appeared first on HousingWire. Fintech Loan Origination Tech Mortgage Chase Home Lending Digital mortgage JPMorgan Chase Rohan Amin

[PULSE] Mortgage lending in a post-COVID, digital world

Housing Wire

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S.

Figure Lending lands $100M funding facility

Housing Wire

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending.

Non-QM lender Citadel Servicing rebrands as Acra Lending

Housing Wire

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Citadel resumed non-QM lending in the summer. ” The post Non-QM lender Citadel Servicing rebrands as Acra Lending appeared first on HousingWire.

Non-QM lending is poised for growth in 2021

Housing Wire

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HW: What is the non-QM lending outlook for 2021 and beyond?

Home Lending Pal leverages AI and machine learning to efficiently solve lenders’ and borrowers’ problems

Housing Wire

Home Lending Pal (HLP) has an anonymous marketplace that uses conversational intelligence, machine learning and blockchain to help first-time homebuyers through the home research and lending process.

JPMorgan Chase amps up correspondent lending

Housing Wire

The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. JPMorgan Chase , the nation’s largest depository bank, increased mortgage origination volume to $32.5 billion in the fourth quarter, a 12% gain from the prior quarter.

Simplify complex lending processes with powerful analytics

Housing Wire

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.

Stepping up the fight against fraud in mortgage lending

Housing Wire

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. The post Stepping up the fight against fraud in mortgage lending appeared first on HousingWire.

Non-QM lending is making a comeback

Housing Wire

Even with total credit risk transfers (CRT) and non-QM lending trending down due to seasonality, some observers are predicting a strong beginning to 2021. The post Non-QM lending is making a comeback appeared first on HousingWire.

People movers: Notarize, RE/MAX and Planet Home Lending

Housing Wire

Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth. Michaelene Whyte has been promoted from processing manager of the East to VP, national fulfillment, distributed retail, and has been with Planet Home Lending since October 2018.

HomeBridge’s Brian White on inclusivity in mortgage lending

Housing Wire

The post HomeBridge’s Brian White on inclusivity in mortgage lending appeared first on HousingWire. Mortgage Origination Affordable housing affordable lending Brian “Woody” White diversity diversity and inclusion George Floyd HomeBridge housing equality HWplus inclusivity racism

People movers: PropertySync, MCS, Gateway, Planet Home Lending

Housing Wire

Kelly Stewart has been promoted to vice president senior lending officer for banking operations at Gateway First Bank. The post People movers: PropertySync, MCS, Gateway, Planet Home Lending appeared first on HousingWire.

Mortgage lending sets a 20-year record with $1.1T in Q2

Housing Wire

Most took advantage of 3% interest rates to lower monthly payments; cash-out lending comprised just 3 out of 10 refi originations in the second quarter, Black Knight found. The post Mortgage lending sets a 20-year record with $1.1T lenders issued a staggering $1.1

There’s No Reason To Panic Over Today’s Lending Standards

Keeping Current Matters

Thankfully, lending standards have eased somewhat since. The main reason was the availability of loans with extremely weak lending standards. Today, lending standards are much tighter.

Refi Sugar High: How to balance your lending diet

Housing Wire

Be proactive now about balancing your lending diet, equipping your staff to handle a range of responsibilities and solidifying your brand’s presence in the marketplace. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire.

How hybrid title and valuations help increase lending efficiency

Housing Wire

Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous.

Title 169

People movers: Opendoor, Offerpad, Waterstone Mortgage, Planet Home Lending

Housing Wire

McGuiness brings more than 30 years of experience in the mortgage lending space to the company, most recently serving as the chief sales officer at Embrace Home Loans. The post People movers: Opendoor, Offerpad, Waterstone Mortgage, Planet Home Lending appeared first on HousingWire.

What happens when borrowers have more control of the lending process?

Housing Wire

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process.

Mega Capital Funding returns to non-QM lending space

Housing Wire

Non-QM lending is poised for growth in 2021. HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators.

Borrowers want consistency through the lending process – Here’s how to give them that

Housing Wire

The post Borrowers want consistency through the lending process – Here’s how to give them that appeared first on HousingWire. This year’s low rates have led to high loan volumes, and lenders overwhelmed with applications are looking for the best way to handle the increased workload.

VRM takes a tailored approach to servicing and lending challenges amid uncertainty

Housing Wire

The post VRM takes a tailored approach to servicing and lending challenges amid uncertainty appeared first on HousingWire.

With the Origence Mortgage Platform, lenders can adapt their lending experience to meet borrowers’ needs

Housing Wire

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. In return, borrowers have a lending experience that is streamlined and more personalized.