Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income.

Land 526

Land Loans Title Lending 526

Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. The acquisition also facilitates the adoption of digital second-lien products like home equity lines of credit (HELOCs).

Technology 435

Technology Lending Loans Title 435

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

Lending 369

Lending Technology Loan Officer Equity 369

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 Cagney expects to land a $2.5 In the first half of the year, the company posted $83.5

Lending 360

Lending Equity Banks Loans 360

Housing Wire

JUNE 28, 2024

It initially sought members with expertise in fields such as fair lending, fair housing, civil rights, capital markets, investments, single-family and multifamily lending, community advocacy, Low-Income Housing Tax Credits , research and more. The FHFA began soliciting applications for the committee in September 2023.

Lending 414

Lending Principal Finance Land 414

Housing Wire

AUGUST 4, 2021

Louis-headquartered lending operation following a long career at Wells Fargo , the top depository bank by mortgage origination volume in the U.S. Before that, she ran the San Francisco-based lender’s retail fulfilment and home equity division. Bryant comes to the St. Bryant announced her resignation from Wells Fargo in March.

Mortgages 434

Mortgages Banks Land Lending 434

Housing Wire

OCTOBER 2, 2024

billion of equity as part of a $3 billion-plus investment to help homebuilders grow inventory, which he describes as an attractive partnership Homebuilder and development lending is a growing part of Pretium’s ecosystem for build-to-rent properties. Mullen shares that the company raised $1.5

Lending 459

Lending Banks Loans Residential 459

Housing Wire

JUNE 1, 2022

Before landing at Waterstone Mortgage, Garrigues served as a chief financial officer at Solarity Credit Union for three years. Before that, he held positions at Midwest Equity Mortgage , Coastal Banking Company and Seacoast National Bank.

Mortgages 393

Mortgages Banks Lending Land 393

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

MAY 3, 2024

The time-consuming process of acquiring land and navigating regulatory approvals poses a barrier to rapid expansion. Stringent lending standards In the aftermath of the 2008 housing crisis, lax lending standards were identified as a major contributor. In 2024, the housing market is set to continue on.

Pre-approval 422

Pre-approval Lending Inspection Land 422

Housing Wire

AUGUST 2, 2021

Aslan Home Lending Corporation. JMAC Lending. Synergy One Lending. SVP, Correspondent Lending. Westcor Land Title Insurance Company. Planet Home Lending. Bay Equity Home Loans. Equity Prime Mortgage. VP, Marketing. Finance of America Reverse. Bernadette Kogler. CEO and Co-Founder. Briana Ings.

Title 418

Title Lending Finance Technology 418

Housing Wire

JANUARY 12, 2024

billion in home loans, representing only 23% of the $108 billion volume in the previous year, when it was still the kingfish in correspondent lending. Home lending revenues declined to $3.3 In 2023, the bank’s net revenues with home lending came in at $4.1 billion in the home equity space from $9.6 billion from $4.2

Mortgages 466

Mortgages Banks Lending Loans 466

Housing Wire

SEPTEMBER 8, 2022

However, this year, companies are under pressure to launch new initiatives to attract brokers and land more purchase businesses amid high mortgage rates. HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market.

Loans 397

Loans Lending Finance Land 397

Housing Wire

FEBRUARY 22, 2023

It landed a $32 million Series C funding round in 2021, which was led by Ten Coves Capital , with returning investors Cota Capital, Mouro Capital , Colchis Capital , Point72 Ventures, and JPMorgan Chase. .” Roostify , led by co-founder and CEO Rajesh Bhat, has raised $65 million in venture capital, according to figures from Crunchbase.

Mortgages 394

Mortgages Technology Banks Lending 394

Housing Wire

NOVEMBER 15, 2021

Kennedy landed a job at American Savings Bank , later acquired by Washington Mutual , and he helmed the company’s fledging Alternative Valuation Business Unit. Most of my clients are large lending institutions and shy away from publicly admitting a mistake,” Kennedy said. What’s different about Zillow?

Lending 448

Lending Land Equity Banks 448

Housing Wire

JULY 25, 2022

The bank offers conventional loans, FHA , VA , USDA , construction, bridge loan, cash-out refis, home equity, land and mobile home loans, according to its website. Among depositary lenders, an example is Wells Fargo laying off 125 employees in its home lending division in Iowa by the end of August.

Banks 370

Banks Loan Officer Loans Lending 370

Housing Wire

DECEMBER 28, 2022

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. First, mortgage lending standards have remained high after the last bubble. There will be two key differences between 2023 and 2010. People can afford to pay their mortgages.

Marketing 505

Marketing Equity Mortgages Short sale 505

Housing Wire

OCTOBER 28, 2022

Speakers: Carrie Gusmus, President, CEO, Aslan Home Lending AJ Barkley, head of Neighborhood and Community, Lending Bank of America Charmaine Brown, Vice President of Diversity, Equity, and Inclusion, Finance of America Companies Courtney Graham, Chief Marketing Officer and Chief People Officer, Princeton Mortgage.

Title 433

Title Lending Finance Development 433

Housing Wire

SEPTEMBER 20, 2024

It also typically features federal housing officials to offer updates on the Home Equity Conversion Mortgage ( HECM ) program. Ultimately, we landed on San Diego, and we’re really excited about it. The event is typically the largest, most expansive meeting for a wide variety of reverse mortgage professionals.

Industrial 459

Industrial Mortgages Loan Officer Lending 459

Housing Wire

OCTOBER 16, 2023

We urge the Fed to take these simple steps to ensure that this sector does not precipitate the hard landing the Fed has tried so hard to avoid,” the letter read. If this goes through, banks will pull back even further from mortgage lending and servicing, leaving consumers with less access to credit.” And warehouse lines.

Banks 446

Banks Fixed-rate mortgage Lending Mortgages 446

Housing Wire

FEBRUARY 21, 2024

Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts. He expects hiring to pick up again on the lending side in the third quarter of 2024. Additionally, 68.8% were people of color.

Mortgages 419

Mortgages Title Marketing Lending 419

Housing Wire

MARCH 11, 2024

This created a win-win for my parents and is a common reason older homeowners use a reverse mortgage: to leverage their home equity. In both forward and reverse lending, it’s common to have first-time borrowers that need to learn about the process they’re going through.

Industrial 482

Industrial Mortgages Loans Lending 482

Housing Wire

JULY 26, 2023

It’s a difficult lending market right now — one in which lenders and servicers can’t afford to lose customers. The company has CLIP’d every parcel of land in the U.S. And in a market where margins are razor-thin, acquiring new leads may not be in your operating budget. Detailed intelligence on their customer base.

Marketing 274

Marketing Lending Equity Technology 274

Housing Wire

APRIL 30, 2021

Increasing Lending and Servicing Capacity – Regardless of Rates. And like other homebuilders, its margins were fat in 2020 and likely to be even wider in 2021, even with higher land acquisition and materials costs. In all, the homebuilder closed 9,339 homes in 2020, making it a top-10 homebuilder in the country in terms of units.

Branding 397

Branding Lending Mortgages Closing 397

Housing Wire

AUGUST 3, 2023

Those include material shortages (such as a current lack of electrical transformers and the volatility of wood pricing) as well as shortages of skilled labor , zoning restrictions and available land. Dietz explained that lumber/materials, labor, land and financing are all “limiting factors” on the supply of homes in the country.

Land 370

Land Construction Development Finance 370

Inman

SEPTEMBER 10, 2024

New funding will allow Polly's product and engineering teams "to double down on new product innovation," including a new AI platform that was in closed beta testing with a number of the nation's largest mortgage lenders in May.

Land 170

Land Equity Mortgages Closing 170

Housing Wire

JUNE 23, 2021

In fact, equity gained through homeownership is a primary means for Americans to accumulate wealth—especially for Black households, according to the Urban Institute. Municipal regulations, such as zoning restrictions, costly permitting and minimum lot sizes, must be reformed to expand developable land and reduce timelines and costs.

Marketing 448

Marketing Construction Industrial Mortgages 448

Housing Wire

MAY 21, 2024

Making use of emerging technologies including generative artificial intelligence (AI), NAF has launched a marketing campaign called “Old Wives” that seeks to show how potential borrowers could be empowered by making use of their own resources — namely their home’s equity — to forge a path in retirement.

Mortgages 432

Mortgages Industrial Lending Staging 432

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). As an entrepreneur, I get extremely vested when I see our industry friends and innovators land exceptional outcomes. Hey Clayton …” and a link.

Technology 392

Technology Brokerage Lending Mortgages 392

Housing Wire

APRIL 26, 2023

This is honestly where good loan officers can really separate themselves,” Josh Burruss, executive vice president and chief lending officer of Intercoastal Mortgage , said. Some markets like New Jersey don’t have land to build new homes. What we’re seeing is just increased competition over every deal.

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Realty Biz

FEBRUARY 19, 2024

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

Land 128

Land Due diligence Title search Finance 128

Realty Biz

FEBRUARY 24, 2021

Finding that location and buying land to build a house is the first step in fulfilling this dream. . The loan you use for buying land to build a house on is very different than the traditional home mortgage loan. The loan you use for buying land to build a house on is very different than the traditional home mortgage loan.

Land 122

Land Loans MLS Finance 122

Housing Wire

JULY 18, 2022

And it’s still very much a relationship-driven business: borrowers want to speak to local loan officers when starting the process of getting a loan, which is why firms are hiring LOs, recruiters and mortgage lending executives said. But it could take a few months to land, especially doing outbound recruiting.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

FEBRUARY 3, 2025

In 2011, the owner obtained a reverse mortgage on the property from Bank of America , where the bank paid off the original mortgage before the loan was ultimately sold, landing in the hands of Reverse Mortgage Funding (RMF). In 2005, the client purchased a home in the Foxfield at Naamans Creek community in Garnet Valley, Penn.

Mortgages 252

Mortgages Banks Loans Lending 252

Inman

SEPTEMBER 18, 2024

Even before the commission crunch, real estate agents have struggled to make ends meet. Through brokerage partnerships, Upfront aims to ease access to credit for working agents.

Land 187

Land Agents Brokerage Equity 187

HomeLight

JULY 6, 2024

Whether it’s flipping a charming Victorian in Land Park or purchasing an investment property in Oak Park, hard money lenders can offer the speedy and flexible financing solutions you need. Typically, they lend a percentage of this ARV to mitigate risks.

Hard money loan 115

Hard money loan Home sale contingency Finance Loans 115

HomeLight

DECEMBER 30, 2020

I also think based on the uniqueness of the property, it attracted a very specific kind of clientele, because not everybody wants that much land to maintain.”. Landing the offer and gaining some equity. Not only that, but their appraisal came in $25,000 over the sales price, immediately netting them more equity in the home. “We

Equity 90

Equity Inspection Land Closing 90