Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land lease 459

Land lease Land Lending Finance 459

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications. The home-only lending market presents several major opportunities.

Title 474

Title Finance Loans Lending 474

Housing Wire

APRIL 5, 2022

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. Its boundaries can be shown on a land survey and ownership is vetted through a physical deed in the jurisdiction, where the physical real estate is located. Lending is lending.

Mortgages 532

Mortgages Lending Land Loans 532

Housing Wire

JUNE 28, 2024

The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing. The FHFA began soliciting applications for the committee in September 2023.

Lending 414

Lending Principal Finance Land 414

Housing Wire

NOVEMBER 9, 2020

In an online event on Monday, Qualia and its partners discussed the ever-changing world of technology in real estate, mortgage, and title lending and what lies ahead in 2021. We’re really trying to make all title lending folks stay engaged with customers – through technology – the best that they can,” Tomb said.

Title 501

Title Technology Lending Land 501

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. The proposals, they wrote in a letter, did not meet the “spirit or the letter” of the Duty to Serve regulation.

Land 526

Land Loans Title Lending 526

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. Industry practitioners have some ideas for how HUD might make financing such loans more feasible.

Mortgages 397

Mortgages Lending Finance Loans 397

Housing Wire

OCTOBER 4, 2022

Head of Neighborhood and Community Lending. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Housing Finance Strategies. Supreme Lending. Head of Home Lending. Planet Home Lending. Finance of America Mortgage. Executive Vice President of Retail Lending.

Lending 435

Lending Technology Finance Mortgages 435

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. Russell also landed at Citi, where he is now head of direct-to-consumer sales (Sheth landed at U.S. Bryant comes to the St. Bryant announced her resignation from Wells Fargo in March.

Mortgages 434

Mortgages Banks Land Lending 434

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Aslan Home Lending Corporation. JMAC Lending. Synergy One Lending. SVP, Correspondent Lending. Angela Dunham.

Title 418

Title Lending Finance Technology 418

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 8, 2023

The special purpose credit program is an extension of the government sponsored enterprise’s equitable housing finance plan. Freddie Mac’s DPA One, a down payment assistance digital platform, will also be made available broadly this year and complements Freddie Mac’s SPCP efforts.

Debt-to-income ratio 435

Debt-to-income ratio Closing costs Finance Lending 435

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 8, 2022

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. How can brokers get ahead in a tight market?

Loans 397

Loans Lending Finance Land 397

Housing Wire

OCTOBER 11, 2022

Mortgage Coach’s side-by-side loan comparisons targets to have borrowers make faster, more informed mortgage decisions while enabling lenders to consistently deliver a consultative home financing experience that increases borrower pull-through, repeat business and referrals.

Mortgages 417

Mortgages Loan Officer Loans MLS 417

Housing Wire

SEPTEMBER 10, 2024

DDAs are areas with high construction , land and utility costs when compared to an area’s median gross income (AMGI). Other variations of the data are also available at a dedicated landing page. The parameters were published in the Federal Register on Monday.

Land 447

Land Development Design Construction 447

Housing Wire

MARCH 31, 2021

The CFPB also rolled back leniency on reporting of certain information related to credit card and prepaid accounts under the Truth in Lending Act, Regulation Z, and Regulation E. The CFPB also now intends to take enforcement action against land developers subject to the Interstate Land Sales Full Disclosure Act under Regulation J.

Purchase and sale agreement 435

Purchase and sale agreement Loans Land Lending 435

Housing Wire

AUGUST 14, 2020

“The undersigned organizations strongly urge the Federal Housing Finance Agency, which had to approve this policy, to withdraw this ill-timed, misguided directive.”.

Industrial 511

Industrial Mortgages Title Lending 511

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. How are you going to build millions of homes if you can’t get the financing to develop the lots in the first place?” billion to $1.8

Land 370

Land Construction Development Finance 370

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July.

Sales 370

Sales Lending Loans Finance 370

Housing Wire

NOVEMBER 10, 2022

Altogether, the last time the Fed hammered inflation with a rise in lending rates, housing sales fell 49% from the peak in 1978 to the trough of 1982 before bouncing upward by 39% in 1983 over 1982’s low. Existing home sales hit 4 million units in 1978 for the first time. They fell by 25.3% from that level in 1980, fell another 18.8%

Mortgages 492

Mortgages Sales Lending Land 492

Housing Wire

JANUARY 31, 2023

The right product mix When Finance of America Companies closed its forward mortgage origination unit in October, Steven Reich, a former COO at Finance of America Mortgage , and some branch managers wanted to stick together as a pack. Go [Mortgage] was on that list,” Reich said. They weren’t so small that they couldn’t handle us.”

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

NOVEMBER 30, 2022

Among this impressive list of submissions, companies like 2022 TECH100 honoree Voxtur are working to improve the entire lending lifecycle. As the American Land Title Association and some members of congress have taken a harsh stand against AOLs, how do you think this will impact the adoption and overall future of your AOL product?

Industrial 368

Industrial Title Lending Technology 368

Housing Wire

OCTOBER 16, 2023

Housing trade groups urged Fed Chair Jerome Powell to make two clear statements — that the Fed does not contemplate further rate hikes, and the Fed will not sell off any of its MBS holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized. Not just mortgages, but servicing.

Banks 446

Banks Fixed-rate mortgage Lending Mortgages 446

Housing Wire

AUGUST 8, 2024

“Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So,

Debt-to-income ratio 487

Debt-to-income ratio Marketing Mortgages Days on market 487

Housing Wire

OCTOBER 2, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. Companies are pressured to launch new initiatives to attract brokers and land more purchase businesses due to high mortgage rates.

Loans 459

Loans Mortgages Finance Land 459

Housing Wire

FEBRUARY 27, 2024

In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods. might avoid a recession in 2024, or at least experience a soft landing.

Banks 459

Banks Loans Land Commercial 459

Housing Wire

MARCH 11, 2024

What happened There are so many reasons that homeowners may seek out a reverse mortgage: funding retirement , sending kids to college, financing large purchases during retirement and the list goes on. 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

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% Some borrowers are handcuffed from negotiating a HELOC – the product typically requires a higher credit score – or other type of secondary lending, and are often left with no other option but to refinance. mortgage rate at the end of August. “At

Mortgages 497

Mortgages FHA loan Equity Loans 497

Housing Wire

OCTOBER 5, 2023

Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. residential market becomes a relatively safer landing spot for investment. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. in 2008 and 2009.

Marketing 458

Marketing Residential Investor New Construction 458

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Technology 392

Technology Brokerage Lending Mortgages 392

Realty Biz

FEBRUARY 19, 2024

Buying land represents a pivotal investment in one's future. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. 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

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. million households formed each year.” That’s up 25.7%

Investor 482

Investor Marketing Construction Loans 482

Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. In a 15-page letter sent to CFPB Director Rohit Chopra on Aug.

Title 467

Title Mortgages Land Closing costs 467

Housing Wire

MARCH 7, 2022

The deed then, as now, is a token, be it a piece of paper or PDF that represents the transfer of land. County deed recording can be archaic, acknowledged Steve Gottheim, general counsel of the American Land Title Association , the main trade group for title companies, with counties slow to digitize records.

Sales 501

Sales Purchase and sale agreement Title Inspection 501

Housing Wire

JULY 27, 2023

It’s welcome news for the economy to achieve a soft landing, a scenario in which inflation falls, unemployment remains relatively low and a recession is avoided. High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates.

Construction 370

Construction Mortgages Sales Banks 370

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. Hypotec is hiring LOs.

Mortgages 476

Mortgages Banks Brokerage Loans 476