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

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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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!

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.

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

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.

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.

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.

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?

[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.

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.

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.

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.

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

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.

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.

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.

Tavant’s FinXperience brings all parties in the lending process onto one collaboration platform

Housing Wire

With FinXperience, Tavant aims to bring all parties together on one collaboration platform and provide hyper-personalized digital journeys to borrowers, loan officers, brokers, real estate agents, financial advisers and other participants in the lending ecosystem.

Even in Virtual Times, REALTORS® Can Lend Their Voice to Advocate

RIS Media

The post Even in Virtual Times, REALTORS® Can Lend Their Voice to Advocate appeared first on RISMedia. For Chicago-area REALTOR® Nykea Pippion McGriff , the road to engaging in advocacy on issues important to REALTORS® was a natural progression.

MBA Study Finds Home Equity Lending Growth Hindered by Alternative Products and COVID-19

RIS Media

This is according to the Mortgage Bankers Association’s (MBA) 2020 Home Equity Lending Study on lending and servicing of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans (HE loans).

LendWize acquires broker software platform ARIVE

Housing Wire

Fintech Loan Origination Tech Origination ARIVE Broker tech stack LendWize mortgage broker lending mortgage technology Wholesale lenders wholesale lending

Making sense of ultra-low mortgage rates

Housing Wire

According to one broker, Parkside Lending and Stearns Lending are offering a 15-year-fixed rate as low as 1.75% to some mortgage brokers, depending on the relationship. (We Mortgage Mortgage Rates C2 Financial Featured Parkside Lending Quicken Loans Stearns Lending UWM

CFPB continues to bring actions against mortgage companies targeting veterans with deceptive ads

Housing Wire

On July 24, the CFPB announced consent orders against Sovereign Lending Group, Inc.,

United Wholesale Mortgage makes public debut

Housing Wire

“I’m going to be extraordinarily focused times 10 on wholesale mortgage lending,” said Mat Ishbia, whose father Jeffrey founded the company in 1986. Mortgage IPO IPOs Mat Ishbia United Wholesale Mortgage UWM Wall Street Wholesale lenders wholesale lending

JPMorgan Chase tightens standards for jumbo loans in Manhattan

Housing Wire

Borrowers want consistency through the lending process – Here’s how to give them that. as many of the biggest lenders specializing in lending to borrowers outside the Qualified Mortgage lending box were pausing their activities due to uncertainty in the market.

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Princeton Mortgage’s Rich Weidel on how small shops can still compete with Rocket and UWM

Housing Wire

Mortgage Origination covid-19 Featured HWplus Princeton Mortgage retail branches retail lending Rich Weidel Technology wholesale lendingRich Weidel, the CEO of family-owned and operated lender Princeton Mortgage , was scared. He saw the big competitors only getting bigger.

How one lender is tackling demand for jumbo loans in 2021

Housing Wire

to Acra Lending, the company has also launched a new jumbo prime program. Keith Lind, Acra Lending executive chairman and president. Kyle Gunderlock, Acra Lending CEO. Sponsored Content Acra Lending Citadel Servicing Corp. Following its rebrand from Citadel Servicing Corp.

Loans 158

Mnuchin moves to end emergency programs. How would it affect housing?

Housing Wire

On Thursday, Treasury Secretary Steven Mnuchin rolled grenades down Wall Street and Main Street: he said he would not extend several emergency lending programs beyond Dec. Banks have the lending capacity to meet the borrowing needs of their corporate, municipal, and nonprofit clients.”.

UWM offering 61 bps on conventional loans through March 8

Housing Wire

Mortgage Origination bps Mat Ishbia United Wholesale Mortgage UWM wholesale lendingTo generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months.

Loans 247

Homepoint files for IPO

Housing Wire

M&A / Funding Mortgage homepoint IPO IPOs third party origination wholesale lending wholesalerCorrespondent and wholesale lender Homepoint is the latest mortgage company to aim for an IPO.

Equity 236