Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements.

Lending 476

Lending Mortgages Due diligence Debt-to-income ratio 476

Housing Wire

JUNE 3, 2024

State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available. As a result, many banks, credit unions, and mortgage companies are known to regulators, but some nonbank firms are still not licensed or registered.

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Due diligence Banks Mortgages Lending 471

Housing Wire

NOVEMBER 30, 2021

The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend. One major dynamic at play is that the same pool of underwriters is in demand for both loan originations, and, on the backend of the process, for doing due-diligence for private-label loan-pool securitizations.

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Due diligence Mortgages Loans Residential 434

Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

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Due diligence Mortgages Title search Loans 435

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Office buildings, retail spaces, industrial complexes and other CRE properties generally command higher price tags and offer greater revenue-generating potential compared to residential properties.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. bank accounts to various locations in West Africa via wire transfers.

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Industrial Banks Title Technology 397

Housing Wire

JUNE 15, 2023

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. Prior to joining Cenlar, Donatacci held executive positions at various organizations in the mortgage industry. The company has a client base that includes banks, credit unions, and mortgage bankers. territories.

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Investor Due diligence Loans Banks 366

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. There was so much information to absorb and retain.

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Due diligence Loan Officer Banks Industrial 397

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Due diligence Marketing Loans Mortgages 418

Housing Wire

APRIL 26, 2022

You’re probably one of the first person in the industry that I’m talking to about it,” he added. As far as a borrower is concerned, they just have a home loan, and they make a payment just like they normally would from their bank account, or they also can make it from their crypto [currency] wallet.”.

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Due diligence Mortgages Equity Loans 476

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year.

Loans 435

Loans Due diligence Residential Mortgages 435

Housing Wire

JANUARY 5, 2022

SitusAMC, a leading provider of services and technology to the real estate industry, controls some 60% to 70% of the due-diligence loan-review market, according to its CEO, Michael Franco. As part of a private-label securitization transaction, hundreds or even thousands of mortgages are pooled, vetted and placed in a trust.

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Due diligence Marketing Loans Mortgages 417

Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Technology Mortgages Due diligence Commercial 370

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. But insurance companies arent the only players taking note of the potential here, and we could see banks re-enter the non-QM space.

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Banks Due diligence Residential Investor 397

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

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Due diligence Marketing Mortgages New Construction 434

Housing Wire

AUGUST 11, 2020

In 2002, to protect lenders, I cofounded and organized an industry association called HAND, whose mission was to educate the mortgage industry on the proper utilization of seller funded DPA, and to curb risky practices. The industry learned from the mistakes of the past and so did I, as well as the entire team at the Chenoa Fund.

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Due diligence Loans Mortgages Development 448

Housing Wire

APRIL 20, 2021

In fact, we are confident that these seasoned professionals will prove to be a valuable asset to the industry through the transition phase.” ” From the National Association of Home Builders (NAHB): “NAHB is a strong proponent of a sound and effective appraisal industry. ” The Value of the Human Appraiser. .”

Technology 418

Technology Lending Due diligence Industrial 418

Housing Wire

APRIL 20, 2022

Non-bank lenders that originate to sell loans will appreciate how quickly eNotes can move on and off warehouse lines and, ultimately, to investors. Conduct due diligence on the experience and connectivity of potential eVault partners. How do you pick the right one for your specific requirements?

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Lending Due diligence Investor Technology 391

Housing Wire

MAY 10, 2022

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. Depository Institutions – Banks SARs Filings Related to Mortgage Fraud 2020: 11,349 2021: 8,805 Down: 22%. Petersburg.

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Mortgages Marketing Loans Finance 418

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 418

Loans Purchase and sale agreement Due diligence Industrial 418

Housing Wire

FEBRUARY 16, 2023

Seehausen’s professional career spans nearly three decades in the mortgage industry. At LenderLive, he was instrumental in steering the company into providing “advanced technology solutions and outsourced financial services to the banking and mortgage industries,” according to a statement from Lauramac.

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Loans Technology Principal Development 390

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . also recognize the industry-changing potential of blockchain-enabled technology.

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Equity Technology Due diligence Investor 418

Housing Wire

MAY 26, 2023

But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. The guy had a Texas ID, a Florida notary and the property was in North Carolina.

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Title Land Due diligence Sales 397

Housing Wire

JANUARY 13, 2023

For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. . Securities and Exchange Commission. in June to 6.5%

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Marketing Investor Due diligence Loans 448

Housing Wire

JANUARY 3, 2023

And one of the many reasons that VA loans default at a lower rate than other loan types, including conventional, is because of the required due diligence to ’protect the property,’ which then protects the homeowner.

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VA loan Loans HR Due diligence 83

Housing Wire

MARCH 17, 2022

In terms of prime jumbo residential mortgage-backed securities, I expect volume to be challenged due to interest rates and bank portfolio bids,” Pelka said. Pelka agrees that the PLS market is under pressure. “In Credit, such as non-QM [nonprime mortgages], is under pressure from rates, spreads, and extension risk.

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Loans Marketing Due diligence Residential 409

Realty Biz

SEPTEMBER 26, 2021

They will also face higher risk due to the GSEs revising their requirements in response to climate change. For example, the GSEs may insist lenders perform extra due diligence to determine whether flood insurance is required on a home loan.

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Industrial Mortgages Due diligence Investor 107

Realty Biz

OCTOBER 23, 2023

Artificial intelligence is rapidly transforming the real estate industry, becoming increasingly accepted by both professionals and consumers. Now, there’s more evidence than ever that AI technology is here to stay in the real estate industry. As a result, AI is rapidly transforming the real estate industry.

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As-is Industrial Due diligence Development 94

Realty Biz

MARCH 15, 2021

This is why the entire real estate industry is being revolutionized right beneath our feet. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. A decentralized network also allows for the reduction of costs involved with property transactions. Intermediaries.

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Technology Due diligence Title Marketing 145

RIS Media

MAY 26, 2023

Setpoint has acquired Resolute Diligence Solutions, a due diligence provider focused on Single Family Rental (SFR) and Residential Transition Loans (RTL). Resolute, according to a release, is the preferred partner by the world’s largest banks and private lenders as well as originators.

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Due diligence Lending Residential Technology 111

Marco Santarelli

OCTOBER 13, 2024

My recommendations are based on publicly available data, but you should always conduct your own thorough due diligence. Fortune 500 Hub: Charlotte is home to the headquarters of nine Fortune 500 companies, including Bank of America and Duke Energy, further solidifying its strong financial and energy sectors.

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Investor Marketing Due diligence Finance 122

HomeLight

JANUARY 14, 2025

Boston’s thriving economy, driven by industries like technology, education, and healthcare, continues to attract local and out-of-state investors. Do your due diligence Before committing to a cash-for-homes company, take the time to research thoroughly.

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Proof of funds Sales Due diligence Banks 97

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

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Land Due diligence Title search Finance 128

GeekEstate

NOVEMBER 1, 2021

The opportunity: Reporting to the Senior Associate, the Analyst will be responsible for supporting the Senior Associate in managing deal pipeline, conducting due diligence, producing financial performance and metrics reports, managing LP reporting, and assisting in developing efficient operating procedures as SCV grows into a global juggernaut.

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Due diligence Equity Development Banks 85

HomeLight

JUNE 18, 2024

With a booming population, low property taxes, and a thriving tourism industry, Charleston is considered an investor-friendly market that attracts both local and national cash buyers. Do your due diligence Before committing to a cash-for-homes company, it’s important to conduct thorough research.

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Proof of funds Due diligence Investor Agents 110

Lighter Side of Real Estate

JULY 17, 2024

But even many people in banking and finance didn’t let the term “subprime” get in the way of thinking they weren’t such a bad product to offer people who wanted to buy a home. Mortgage rates did end up increasing, and nearly 40% of subprime mortgages ended up in foreclosure. So why would the average consumer have thought twice about it?

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Loans Due diligence Banks Mortgages 114

Marco Santarelli

SEPTEMBER 8, 2024

Financial Regulator Cracks Down: Morgan Stanley Pays $2M Penalty Morgan Stanley , a renowned global financial services firm, faced allegations of failing to prevent the sale of First Republic Bank stock by a former CEO and insider of the bank. The former CEO , identified as “Customer One,” sold over $6.8

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Sales Due diligence Banks Finance 69