Housing Wire

SEPTEMBER 5, 2023

Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators. Investment banking company Keefe, Bruyette & Woods, Inc. according to Porch.

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Housing Wire

SEPTEMBER 3, 2021

Before Hurricane Ida made landfall in New Orleans, many of the city’s lower-income homeowners were already struggling. FHA’s special disaster relief and recovery options are consistent with its COVID-19 recovery options for homeowners with FHA-insured mortgages,” said a HUD spokesperson. years,” said Mason. “If

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Loans FHA loan Mortgages Development 435

Housing Wire

MARCH 26, 2024

The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? If any of this resonates with your personal experience in the current market, you have officially entered the realm of interacting with homeowners in the post-pandemic economy.

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Equity Loans Bankruptcy As-is 459

Housing Wire

JANUARY 30, 2025

This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD) how the growing number of older homeowners is impacting what he sees on a daily basis.

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Housing Wire

FEBRUARY 19, 2025

He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank. He then transitioned to vice president of business development and senior vice president of mortgage lending. At Rate, the veteran mortgage professional began his tenure as vice president of mortgage lending.

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Loan Officer Lending Loans Technology 345

Housing Wire

MARCH 4, 2025

The wildfires ravaged over 16,000 structures in total, which left homeowners to grapple with the choice to either rebuild with insurance money or sell. Communities are also encouraging their neighbors not to sell to developers. Developers will come in and think they can make money.

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Land Development Closing Banks 269

Housing Wire

FEBRUARY 27, 2025

For homeowners who purchased their property during COVID when mortgage rates were near 3%, the word “comfortable” may come to mind. Lastly, Acra Lending also uses automated bank statement processing technology that automatically calculates borrower income. For them, the word would likely be “flowing.”

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Lending Technology Loans Mortgages 312

Housing Wire

APRIL 28, 2023

The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. The partnership represents Wells Fargo’s largest minority home lending and development initiative to date.

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Lending Banks Commercial Development 459

Housing Wire

MAY 24, 2021

COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. In addition to the funding round, Stavvy also announced its alliance with Flagstar Bank , the sixth-largest bank mortgage originator in the country, to provide remote loan modification services.

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Land Lending Technology Banks 448

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

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Finance Investor Banks Residential 448

Housing Wire

OCTOBER 16, 2024

Carol Dujanovich, senior vice president and director of reverse mortgages at University Bank , has been reappointed to a new three-year term as a member of the U.S. Department of Housing and Urban Development (HUD) Housing Counseling Federal Advisory Committee (HCFAC).

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Industrial Banks Lending Equity 434

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” homeowners saw home equity increase 1.7% billion, according to offering documents.

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Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Title Development Lending 476

Housing Wire

SEPTEMBER 23, 2024

Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development. Smith held prior sales roles at companies such as Bank of America, MetLife Home Loans , Homeowners Financial Group and Caliber Home Loans.

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VA loan Lending Loans Loan Officer 448

Housing Wire

MARCH 7, 2024

Addressing rate lock-ins Homeowners who benefited from the post-pandemic, low-rate environment are typically more reluctant to sell and give up their rate, even if their circumstances may not fit their needs. The White House says that, if enacted, this would save thousands of homeowners up to $1,500 — or an average of $750.

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Construction Closing costs Renovation Title 535

Housing Wire

NOVEMBER 16, 2020

million homeowners still in mortgage forbearance plans. The forbearance share for independent mortgage bank servicers also fell 25 basis points to 5.94%, while the percentage of loans in forbearance for depository servicers decreased 17 basis points to 5.43%. forbearance rate has now fallen for 11 consecutive weeks with an estimated 2.7

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Mortgages Loans Staging Banks 488

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. Homeowners will secure mortgages to finance their homes which can then be used as comparable sales for financing of nearby homes.

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Renovation Construction Development Finance 476

Housing Wire

FEBRUARY 27, 2024

Rebecca Anderson, senior vice president of strategic communications and public relations at loanDepot, wrote to HousingWire that the company “enjoys a long history of attracting and developing top-notch talent and “we thank Mosi for her many contributions to loanDepot and wish her the best in the next chapter of her career.”

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FHA loan Loan Officer Loans Staging 448

Housing Wire

DECEMBER 16, 2021

The Federal Reserve announced on Wednesday it is accelerating the tapering program initiated in November “in light of inflation developments and the further improvement in the labor market.” The central bank sees progress on vaccinations and strong policy support, solid job gains, and improvements in sectors most affected by the pandemic.

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Fixed-rate mortgage Mortgages Lending Banks 516

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

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Equity Lending Banks Loans 488

Housing Wire

OCTOBER 3, 2024

In a panel at HousingWire’s IMB Summit in Dallas on Tuesday, Community Home Lenders of America leaders Taylor Stork of Developers Mortgage and Republic State Mortgage President Paulina McGrath tackled some of the thornier affordability issues plaguing the industry. “Something needs to be done.” ”

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Lending Loans Technology Banks 433

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Discounts have started to appear for some speculative developments.

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Residential Construction Finance Sales 459

Housing Wire

SEPTEMBER 6, 2023

Department of Housing and Urban Development (HUD)-approved counselors can use fee for pre-purchase counseling and homeownership education services. The change was confirmed through a LinkedIn post by HUD Deputy Assistant Secretary for Housing Counseling David Berenbaum. “The

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Pre-approval Mortgages Banks Development 448

Housing Wire

SEPTEMBER 16, 2022

Rodney Moss: All my favorite articles in HousingWire revolve around servicing innovation – really anything and everything that can help improve the overall experience for homeowners and enhance an asset’s value. Rodney Moss: It was early in my career when I was in investment banking. After all, housing is the largest creator of wealth.

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Development Banks Investor Closing 458

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners.

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Principal Banks Finance Technology 432

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.

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Mortgages Finance Development Staging 370

Housing Wire

AUGUST 1, 2022

After getting an appraisal on the home, homeowners can access between $45,000 and $350,000 of their home’s equity in a 10- or 20-year, fixed-rate loan, while maintaining at least 10% equity in their home, Rocket said Monday. . ” U.S. ” U.S. The country’s total household debt stood at $15.8

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Equity Loans Lending Banks 397

Housing Wire

AUGUST 9, 2021

million homeowners are still in forbearance plans. The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased four basis points to 3.63%, and the percentage of loans in forbearance for depository servicers decreased 10 basis points to 3.49%. Per MBA’s estimate, 1.7 Presented by: Altisource.

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Principal Loans Staging Mortgages 459

Housing Wire

DECEMBER 28, 2022

Amid a declining housing market and volatile economy, mortgage and banking marketers may find themselves in a difficult position. . As 2022 comes to an end, predictions for mortgage and banking trends have been nothing short of ominous. Perhaps fewer shoppers are seeking mortgage and banking products and services. in Q4 2023.

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Marketing Banks Mortgages As-is 497

Housing Wire

FEBRUARY 27, 2024

But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB). This requires deeper connections with homeowner borrowers and empowering LOs to own the consumer experience.

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Finance Technology Loans Industrial 448

Housing Wire

JULY 15, 2021

For some aspiring homeowners in underserved communities, the process may be even harder to navigate. As part of Davis’ roadmap, advisors worked with her to help her develop a financial plan. Now a proud homeowner, Davis says she has no regrets about her journey. Oneka Davis always dreamed of owning her own home.

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Lending Development Mortgages Inspection 418

Housing Wire

AUGUST 21, 2020

In this role, Sharga will be responsible for developing and executing a strategic marketing plan to optimize growth and drive business development.”. “[Sharga] now returns at a pivotal moment, as RealtyTrac once again positions itself as the premier foreclosure listings and search portal,” the company said in its release. “In

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Commercial MLS Development Branding 434

Housing Wire

OCTOBER 31, 2023

No one knew it was possible to manage so many aspects of your life in one place — from ordering groceries to banking to managing your healthcare — and to be honest, people might not have thought they wanted all those things in one place. HW: How does ICE approach its digital strategy and product development? To that end, their No.

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Technology Loan Officer Loans Banks 459

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S.

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Banks Title Investor Technology 397

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. Companies that debuted on the Inc.

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Loan Officer Mortgages Fixed-rate mortgage Loans 370

Housing Wire

JUNE 22, 2023

In addition, the groups “request transparency in the process of developing final guidelines for condo and housing cooperative lending requirements.” “Any Senate Banking Committee and the U.S. the letter states. The letter was also sent to the U.S. House Financial Services Committee and their staff members.

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Lending Inspection Development Loans 370

Housing Wire

AUGUST 21, 2020

Census Bureau’s latest Household Pulse Survey , close to 21% of both Black and Hispanic homeowners missed or deferred the previous month’s mortgage payment compared to 10% of white homeowners. According to the U.S However, Jung Hyun Choi, research associate at the Urban Institute, said the census data doesn’t tell the whole story.

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Mortgages Banks Development Loans 397