Housing Wire

SEPTEMBER 30, 2024

The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 With the rise of private lending comes an increase in competition, from new and traditional lenders.

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Lending Technology Banks Loans 432

Housing Wire

OCTOBER 16, 2024

Speakers: Nate Clear, President at First Funding Wade Betz, Head of Correspondent Lending at Mpire Financial Sarah Wheeler, Editor in Chief at HousingWire

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Lending Marketing Mortgages 448

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

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Lending Mortgages Equity Loan Officer 448

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

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Housing Wire

JULY 11, 2024

The advantages for lenders The integration of advanced data collection techniques and the all-in-one ecosystem offers several significant advantages to lenders, positioning Opteon as a preferred partner in the lending process. This efficiency translates to cost savings and improved operational workflows for lending institutions.

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Lending Technology Industrial Loans 467

Housing Wire

AUGUST 30, 2024

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Roque will lead NFM’s retail growth strategy as corporate vice president of retail, NFM’s Managing Director Greg Sher announced on LinkedIn on Friday.

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Housing Wire

JULY 29, 2024

Home equity lending in 2023 grew by only 1.5% Given the substantial amount of accumulated equity in real estate, there is still untapped potential for home equity lending for lenders and borrowers.” compared to the prior year, while outstanding debt increased by 8.3% billion per company in 2023, compared with $2.1 billion in 2022.

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Equity Lending Loans Renovation 447

Housing Wire

OCTOBER 17, 2024

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions. The executive has also advocated for Latino housing equality, receiving awards for her activism.

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Lending Mortgages Development Industrial 435

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company.

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Lending Mortgages Loan Officer Development 431

Housing Wire

SEPTEMBER 17, 2024

Anthony Casa, President & CEO of UMortgage , isn’t mincing words when it comes to the lending practices that often victimize our veterans. Patton Gade, National Director of Military Lending at UMortgage and 2023 Scotsman Guide #1 VA Loan Originator, says, “we can do better. Our veterans deserve better.

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Housing Wire

OCTOBER 7, 2024

This approach integrates QC principles throughout the lending process, from application to servicing. This focus aligns with Fannie Mae’s QC requirements and reflects the growing importance of data in the lending process.

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Lending Mortgages Technology Loans 459

Housing Wire

DECEMBER 10, 2024

announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. James Hecht, the companys CEO , said, We are confident that Gabes leadership will bring fresh energy and innovative strategies to our 55-plus lending division.

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Housing Wire

DECEMBER 4, 2024

The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. Lindsay is the latest addition to Rate’s evolving leadership team of experienced executives.

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Lending Mortgages Loan Officer Loans 397

Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Despite the recent interest rate reduction , the demand for home equity products remains strong.

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Equity Lending Loans Renovation 370

Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. HW: Acra Lending recently launched its Glide portal. RB: Absolutely.

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Lending Loan Officer Banks Loans 434

Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S million civil penalty. Garland added.

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Lending Loan Officer Loans Mortgages 468

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” Additionally, Flagstar offers direct access to underwriters for product-specific advice and expertise in Non-QM, VA, and FHA lending.

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Lending New Construction Renovation Banks 465

Housing Wire

AUGUST 14, 2024

Planet Home Lending confirmed on Tuesday the acquisition of certain retail assets from Axia Home Loans , describing the transaction as an opportunity to expand its operations in the Western, Northwestern, and Midwestern markets. Editor’s note: Planet Home Lending CEO Michael Dubeck will speak at HousingWire’s IMB Summit on October 1st.

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Lending Loan Officer Finance Loans 435

Housing Wire

SEPTEMBER 23, 2024

California -based mortgage lender loanDepot has hired military advocate Bryan Bergjans as part of an effort to boost its lending capacity in the U.S. 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.

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Housing Wire

JULY 12, 2024

The performance of our consumer auto portfolio continued to improve, reflecting prior credit tightening actions, and we had net recoveries in our home lending portfolio.” Generating revenues Home lending activity brought in $1.3 . “Consumers have benefited from a strong labor market and wage increases.

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Mortgages Lending Banks Principal 458

Housing Wire

OCTOBER 3, 2024

Speakers: Kevin Peranio, Chief Lending Officer at PRMG Candice McNaught, SVP of National Sales at Supreme Lending Laura Brandao, CEO at Lighthouse Advisors They have decades of experience with receipts to show their approach works, and they’re going to share their hard-earned wisdom with our audience. Watch the full session below.

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Lending Sales Mortgages 448

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

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Housing Wire

JULY 29, 2024

From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process. For example, ongoing updates to the Qualifying Mortgage Rule, which has been rewritten twice and may see another revision soon, have significantly shaped lending practices.

Mortgages 453

Mortgages Lending Loans Industrial 453

Housing Wire

SEPTEMBER 4, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , announced on Wednesday the hiring of Ronald Chillemi as its first chief legal officer and corporate secretary. Its 120-plus lending partners include CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage Corp. Department of Justice.

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Lending Technology Equity Mortgages 448

Housing Wire

OCTOBER 11, 2024

million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. Department of Justice (DOJ) announced on Thursday a $6.5 This is the DOJ’s first redlining settlement involving a credit union.

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Lending Mortgages As-is Marketing 435

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

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Loan Officer Lending Banks Loans 448

Housing Wire

SEPTEMBER 19, 2024

The initial complaint alleged that the bank “engaged in redlining by restricting access to credit and mortgage lending services in majority-Black, Hispanic, and Asian neighborhoods in the New Brunswick, New Jersey area,” adding that the alleged activity persisted from 2018 to 2022.

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Banks Lending Loans Loan Officer 446

Housing Wire

OCTOBER 18, 2024

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Condos in Florida have to be next level,” said one retail lending executive. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Condos are hard.

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Mortgages Marketing Lending Finance 524

Housing Wire

JULY 23, 2024

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California -based lender.

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Lending Banks Residential Construction 444

Housing Wire

SEPTEMBER 5, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending. Snyder and his leadership team have executed M&A deals with strategic vision along with textbook execution and integration. Select speakers include: Matthew VanFossen, CEO, Absolute Home Mortgage Corp.

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Lending Staging Banks Mortgages 459

Housing Wire

SEPTEMBER 30, 2024

Dubbed Aclara Lending, the joint venture will start in Southern California with plans to expand in the near future. Aclara Lending plans to source capital from 140 wholesale lenders for products such as jumbo, super jumbo and nonqualified ( non-QM ) loans, in addition to more traditional products.

Mortgages 435

Mortgages Lending Brokerage Loans 435

Housing Wire

AUGUST 26, 2024

HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. In 2019, HomeLight acquired Eave , a digital mortgage lending startup. That was the company’s third acquisition.

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Housing Wire

AUGUST 6, 2024

But when I look at the future of mortgage lending, I do believe our industry is going the way of the banking industry. Dustin’s personal brand for exceptional professionalism and leadership is a perfect fit for the Lower vision as the future of home lending.” . “I spent 16 years at one company.

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Lending Loan Officer Mortgages Branding 448

Housing Wire

AUGUST 20, 2024

an 11% share of the country’s commercial real estate lending market. Last year, Wells Fargo chose to exit the home lending correspondent channel and reduce its footprint in residential mortgage servicing. Trimont CEO Bill Sexton said in a statement that Wells Fargo’s and Trimont’s “businesses are highly complementary.”

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Commercial Mortgages Lending Banks 447

Housing Wire

AUGUST 2, 2024

In the message reviewed by HousingWire, DeJoseph wrote that by becoming part of a larger organization, Garden State gains access to a “national lending platform, greater resources, enhanced career development opportunities, and the ability to offer more comprehensive services to our clients, well beyond residential mortgage lending.”

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Banks Loans Loan Officer Lending 467

Housing Wire

OCTOBER 28, 2024

Industry professionals hope these standards can go a long way toward normalizing reverse mortgage products within the mainstream lending ecosystem. Almost as important, he added, is the participation of non-reverse lending companies in the conversation.

Mortgages 447

Mortgages Lending Industrial Title 447

Housing Wire

AUGUST 12, 2024

California -based HighTechLending , a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

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