Housing Wire

NOVEMBER 16, 2023

Nonbank originator Change Lending and the U.S. A Barron’s investigation found that Change failed to meet its underserved lending requirements in 2022, resulting in the lender being removed from the CDFI Fund’s list of certified program lenders in August.

Lending 447

Lending Principal Finance Loans 447

Housing Wire

AUGUST 14, 2020

Lessinger is a founding principal and broker/owner of RE/MAX Realty in Nevada, having built a team of 130 agents in three offices over the span of 22 years. Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth. Gibbons has been with Planet Home Lending since September 2019.

Lending 384

Lending Principal Industrial Development 384

Housing Wire

APRIL 21, 2022

Freddie Mac will debut targeted lending programs this year, following guidance from regulators giving lenders the go-ahead. So I say keep the guidance coming, because we are building it and we hope the lending community will come.”. Notwithstanding all of the guidance, we still hear concerns of legality from lenders,” Perry said. “So

Lending 435

Lending Finance Principal Development 435

Housing Wire

MARCH 3, 2025

Briansfinancial and mortgage services industry practice encompasses regulatory, transactional, and litigation matters, including capital and secondary market transactions, mortgage lending and origination, reverse mortgage products, correspondent programs, joint marketing agreements, and financial vendor agreements.

Purchase and sale agreement 413

Purchase and sale agreement Closing Industrial Mortgages 413

Housing Wire

APRIL 4, 2025

Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said. But the variations available to brokers and principal agents differ. Previously, the Platinum line aligned its minimum amount with Federal Housing Administration (FHA) lending limits.

Mortgages 277

Mortgages Principal Loans Equity 277

Housing Wire

OCTOBER 30, 2024

That said, we see our direct lending channels, as we continue to basically get momentum through our recapture investments, to continue to improve and increase.” This resulted from a portfolio of $878 billion in unpaid principal balance (UPB), including $755 billion in mortgage servicing rights (MSRs) owned by the company.

Equity 435

Equity Principal Mortgages Lending 435

Housing Wire

DECEMBER 20, 2024

The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans.

Mortgages 397

Mortgages Technology Principal Industrial 397

Housing Wire

AUGUST 17, 2023

Cook County, the judge said, was too far removed from the alleged predatory lending scheme to be considered the proper plaintiff.

Banks 370

Banks Lending Principal Loans 370

Housing Wire

NOVEMBER 5, 2024

In September, it hired military advocate Bryan Bergjans to boost its lending capacity in the U.S. Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 Department of Veterans Affairs (VA) space. billion on Sept. 30, compared to $114.3 billion on June 30.

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending 304

Lending Technology Title Development 304

Housing Wire

JANUARY 10, 2025

Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting. Brown expressed excitement over his new role and said he intends to continue serving customers with new solutions.

Principal 370

Principal Lending Development Mortgages 370

Housing Wire

APRIL 3, 2025

In return for lending money to Reverse Mortgage Funding (RMF), TCB said it received a first priority lien on certain HECM collateral. The bank alleged that Ginnie Mae had extinguished, in return for no consideration, TCBs first priority lien on tens of millions of dollars in collateral stemming from the [FHA]-sponsored [ HECM ] program.

Banks 264

Banks Principal Mortgages Lending 264

Housing Wire

JANUARY 11, 2024

Ginnie Mae, however, says that TCB is attempting “to draw a distinction between the original principal balance” and the tails, which is an argument the government claims is unsupported. “[T]he

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

APRIL 24, 2024

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

Principal 459

Principal Due diligence Lending Title 459

Housing Wire

JUNE 20, 2024

million in principal for new notes guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 million in aggregate principal of 2028 senior notes held by Artemis Management LLC. million in aggregate principal of old notes will remain outstanding.

Principal 448

Principal Lending Mortgages Investor 448

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.” The unpaid principal balance (UPB) decreased by 14% compared to the same quarter last year. Generating revenues Home lending activity brought in $1.3

Mortgages 457

Mortgages Lending Banks Principal 457

Housing Wire

JUNE 18, 2024

million in aggregate principal amount available for 30 days to cover over-allotments. The company said the proceeds of the debt offering are expected to fund, among other things, the firm’s residential lending business, the acquisition of mortgage-backed securities (MBS), and strategic acquisitions and investments.

Closing 443

Closing Principal Lending Equity 443

Housing Wire

APRIL 19, 2022

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

Loans 508

Loans Principal Mortgages Real-estate owned 508

Housing Wire

JANUARY 10, 2022

Currently, the lender ranks sixth place among the top wholesale lenders in the nation, though its rebranding could signal that PennyMac is looking to increase its market share in the wholesale lending space. In the wholesale lending space, there has been a notable push to entice brokers to come onboard. As of Sept.

Principal 397

Principal Lending Technology Loans 397

Housing Wire

OCTOBER 12, 2021

PNC Bank allegedly breached Fannie Mae ’s COVID-19 payment deferral agreement by continuing to charge homeowners who opted for the home retention option for past-due monthly principal and interest payments. Additionally, the lawsuit claims that PNC’s practices violated the Maryland Consumer Protection Act (MCPA).

Banks 397

Banks Principal Loans Lending 397

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 516

Banks Lending Loans Principal 516

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.

Lending 459

Lending Loan Officer Branding Principal 459

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 418

Lending Principal Finance Land 418

Housing Wire

SEPTEMBER 1, 2020

On July 24, the CFPB announced consent orders against Sovereign Lending Group, Inc., 26, the CFPB settled with PHLoans , Inc., for advertisements that misrepresented the credit terms of the advertised mortgage loan by stating credit terms that the company was not actually prepared to offer to the consumers, among other deceptive practices.

VA loan 501

VA loan Mortgages Loans Lending 501

Housing Wire

APRIL 8, 2022

Gulotta has spent more than three decades on mortgage operations and wholesale sales, with stints at Movement Mortgage , Figure , Premier Lending , Quicken Loans (now Rocket Mortgage ), and Wells Fargo. “I Non-QM is expected to make a resurgence this year, and originators should look toward non-QM lending to help restimulate their business.

Sales 397

Sales Lending Principal Banks 397

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). This nation is in an affordable housing crisis and manufactured housing will be a key part of the solution,” said Lopa Kolluri, principal deputy assistant secretary for housing and the FHA.

Loans 476

Loans Title Finance Lending 476

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 397

Due diligence Mortgages Principal Lending 397

Housing Wire

NOVEMBER 7, 2023

We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We Newrez has 16 joint venture partners, including Carolina One Mortgage, Milestone Home Lending and Summit Home Mortgage, according to its website.

Mortgages 435

Mortgages Principal Brokerage Lending 435

Housing Wire

NOVEMBER 29, 2023

1, 2024, a ‘high balance loan’ is defined as a single-family forward mortgage loan with an original principal balance (minus the amount of any up-front mortgage insurance premium) that exceeds the [new] limits,” the company said in a statement. “Under the new definition, effective for pools or loan packages submitted on or after Jan.

Loans 447

Loans FHA loan Principal Finance 447

Housing Wire

APRIL 12, 2024

Compared to Q1 2023, unpaid principal balance (UPB) decreased by 18%. Mortgage earnings Wells Fargo recorded $864 million in revenues related to its home lending business in Q1 2024, a 3% increase from $839 million in the prior quarter slightly above the $863 million posted in the opening quarter of 2023. billion in Q1 2024.

Mortgages 468

Mortgages Banks Fixed-rate mortgage Lending 468

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets.

Mortgages 448

Mortgages Lending Banks Investor 448

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 370

Due diligence Mortgages Principal Lending 370

Housing Wire

JUNE 28, 2023

“Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. Automated comparison checks can help solve one of the biggest issues in mortgage banking: a lack of trust in data provided by borrowers and lenders. “We

Industrial 418

Industrial Mortgages Principal Loans 418

Housing Wire

AUGUST 4, 2022

Jay Farner, vice chairman and CEO of Rocket Companies, said the company introduced new lending programs, forged new mortgage partnerships, launched the solar business and expanded the brand to Canada during the quarter. The company’s servicing book unpaid principal balance reached $538 billion at June 30, 2022, up 6% from June 30, 2021.

Principal 435

Principal Lending Branding Mortgages 435

Housing Wire

OCTOBER 2, 2023

Purchase loans comprised about 82% of overall mortgage lending in 2023 and ICE forecasts purchase lending to continue to dominate the market through next year. The high-interest rate environment continues to put downward pressure on mortgage origination activity.

Mortgages 448

Mortgages Equity Lending Principal 448

Housing Wire

JANUARY 3, 2023

On December 22, 2021, borrower (loanDepot) executed an eighteenth amended and restated promissory note in the principal amount of $268,000,000 in favor of Lender (NexBank), evidencing the loan,” according to the filing. As of September 30, the lender’s total funding capacity with its lending partners decreased by 42.4%

Lending 83

Lending Principal Loans Mortgages 83