Housing Wire

MARCH 20, 2024

“Although the timing of the cuts and when they will commence is still an open question, the fact that the recent uneven inflation data did not appear to alter the Fed’s projection of three rate cuts in 2024 is reason for optimism,” said Marty Green, principal at Polunsky Beitel Green. this year before declining to a range of 6% to 7% in 2025.

Industrial 424

Industrial Mortgages Banks Principal 424

Housing Wire

JUNE 28, 2023

Most mortgage professionals have either started to adopt artificial intelligence (AI) or are at least aware of how it can be adopted to make the loan origination process more efficient. “Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. .

Industrial 364

Industrial Mortgages Principal Loans 364

Housing Wire

OCTOBER 2, 2023

Even on a non-adjusted basis, August’s gain of 0.24% was more than 60% larger than the 25-year average for the month, according to a mortgage monitor report from Intercontinental Exchange, Inc. The high-interest rate environment continues to put downward pressure on mortgage origination activity.

Mortgages 409

Mortgages Equity Lending Principal 409

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 371

Due diligence Mortgages Principal Lending 371

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 365

Due diligence Mortgages Principal Lending 365

Housing Wire

AUGUST 14, 2020

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Lessinger is a founding principal and broker/owner of RE/MAX Realty in Nevada, having built a team of 130 agents in three offices over the span of 22 years.

Lending 280

Lending Principal Industrial Development 280

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. A unified name has not yet been determined and Sales Boomerang and Mortgage Coach will continue to operate as distinct brands, for now, the companies said.

Sales 391

Sales Mortgages Loan Officer Principal 391

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgages 364

Mortgages Marketing Banks Investor 364

Housing Wire

APRIL 24, 2024

billion in unpaid principal balance (UPB), down 19% on a quarterly basis and 5% below year-ago levels. During an earnings call on Wednesday, chief financial officer Daniel Perotti said that “Pennymac maintained its dominant position in correspondent lending in the first quarter” as it acquired $18 billion in volume.

Lending 402

Lending Loans Principal Mortgages 402

Housing Wire

SEPTEMBER 30, 2020

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. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

Lending 196

Lending Mortgages Technology Loan Officer 196

Housing Wire

MAY 4, 2023

Investors haven’t exactly treated publicly traded mortgage companies very kindly over the past 12 months. “With that in mind, we are evaluating alternatives for our mortgage company and will likely file an S1 in the coming month. .” billion at the end of the first quarter. ”

Mortgages 349

Mortgages Principal Lending Investor 349

Housing Wire

JUNE 2, 2022

Movement Mortgage will pay $75,000 to resolve allegations of racial discrimination, in violation of the Fair Housing Act, identified by undercover testers from the National Community Reinvestment Coalition. ” NCRC had previously provided training to Movement Mortgage, at the lender’s request, in 2019.

Mortgages 387

Mortgages Loan Officer Lending Principal 387

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 Investor 421

Housing Wire

MARCH 1, 2024

Name Job Title Company Name Alan Tiongson VP of Secondary Marketing and Asset Management Constructive Capital (Constructive Loans) Andrew Stringer EVP, Senior Director of Capital Markets PrimeLending Ben Allison Chief Financial Officer Deephaven Mortgage Bryan Charap Chief Financial Officer Realtor.com Cassie Vosburgh Chief Financial Officer ACES Quality (..)

Finance 400

Finance Principal Construction MLS 400

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

FHA loan 379

FHA loan Mortgages Loan Officer VA loan 379

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. And this time, the most wonderful time of the year gives way to what, in the mortgage industry, could be the most awfullest time of the year. Think technology and service providers, too — a smaller mortgage market affects everyone.

Industrial 450

Industrial Mortgages Principal Technology 450

Housing Wire

MARCH 22, 2023

The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. What does it mean for buyers, sellers?

Industrial 387

Industrial Mortgages Purchase and sale agreement Banks 387

Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The fate of Wells Fargo & Co. ’s Presented by: Reggora.

Mortgages 369

Mortgages Lending Loans Banks 369

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. That’s 20 basis points higher than the international standard.

Mortgages 345

Mortgages Banks Marketing Residential 345

Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Most recently, Guild Mortgage expressed interest in acquisitions.

Industrial 345

Industrial Mortgages Principal Loans 345

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. The team co-founded several businesses, such as the fintech Enova, real estate investment trusts (REIT) Pangea Properties and New Lake , and the online lending company Avant.

Mortgages 313

Mortgages Investor Loan Officer Principal 313

Housing Wire

SEPTEMBER 1, 2020

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. The most recent cases were those against Service 1st Mortgage, Inc. ,

VA loan 445

VA loan Mortgages Loans Principal 445

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 303

Investor Sales Mortgages Loan Officer 303

Housing Wire

DECEMBER 7, 2023

Tuesday Making Sense of Wild Housing Data for 2023 Speaker: Logan Mohtashami, Lead Analyst, HousingWire Watch Now Sponsored by: Busting the Top Myth in Mortgage Through Ai Speakers: Pavan Agarwal, CEO, Sun West Mortgage Company Diego Sanchez, COO, HousingWire Watch Now Fireside chat: Guaranteed Rate Affinity and Coldwell Banker Bain Speakers: Karen (..)

Principal 385

Principal Title Lending Branding 385

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 399

Investor Bankruptcy Finance Equity 399

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1% by the year-end.

Mortgages 421

Mortgages Residential Principal Lending 421

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 440

Technology Development Title Lending 440

Housing Wire

APRIL 8, 2022

Deephaven Mortgage hired Anthony Gulotta to lead wholesale sales on the East Coast, the non-QM lender announced this week. Gulatta, based in Charlotte, will work to build the lender’s presence with mortgage brokers on non-agency products. Before joining Deephaven, Heitzmann was principal at LGH Consulting.

Sales 371

Sales Lending Principal Banks 371

Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies.

Loans 496

Loans Principal Mortgages Real-estate owned 496

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 367

Banks Principal Loans Lending 367

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

FEBRUARY 13, 2023

Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. million security backed by non-QM mortgages.

Mortgages 333

Mortgages Principal Banks Equity 333

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 363

Principal Lending Loans Technology 363

Housing Wire

NOVEMBER 3, 2022

One mortgage M&A expert believes that of the 130 or so IMBs that did $1 billion to $2 billion for production in 2021, 17% of them will not even be able to do $500 million over the 12 months ending June 30, 2023. The consolidation fervor is being fed by several factors, according to David Hrobon, a principal with Stratmor.

Banks 397

Banks Mortgages Loans Equity 397

Housing Wire

AUGUST 4, 2022

Rocket Companies , the parent of America’s top mortgage lender Rocket Mortgage , reported a $60 million profit in the second quarter, down from $1 billion in profits just the previous quarter. Rocket Mortgage reported $19.53 The company originated $34.5 billion in closed loans from April to June, down from $83.7

Principal 410

Principal Lending Mortgages Loans 410

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

Fixed-rate mortgage 365

Fixed-rate mortgage Mortgages Loans Loan Officer 365

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 363

Marketing Principal Banks Loans 363