Housing Wire

FEBRUARY 20, 2025

Chase Home Lending recently announced a limited-time, nationwide interest rate discount that is designed to help homeowners save on their monthly mortgage payments.The offer is in effect through March 7. This offer extends to anyone with an existing mortgage at any lending institution looking to benefit from refinancing, she said.

Lending 289

Lending Equity Mortgages Design 289

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.

Lending 467

Lending Loan Officer Loans Mortgages 467

Housing Wire

JUNE 6, 2024

Mortgage lending in the U.S. reduction in residential lending activity compared to first-quarter 2023 and a 69.3% reduction in residential lending activity compared to first-quarter 2023 and a 69.3% All major mortgage lending categories sustained losses, the report said. dropped by 6.7% in the first quarter of 2024 to 1.28

Lending 488

Lending Mortgages Residential Loans 488

Housing Wire

AUGUST 1, 2024

Mortgage servicer and lender Planet Home Lending is acquiring the retail division assets of employee-owned Axia Home Loans , HousingWire has learned. Executives at Planet Home Lending were also on the call. Executives at Planet Home Lending were also on the call. Vested employees will be paid after the deal closes.

Lending 468

Lending Loans Finance Mortgages 468

Housing Wire

JUNE 17, 2024

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca joined loanDepot as an underwriter in 2013 and became vice president of lending operations in 2021. billion in mortgages, down from $5.3 billion in the previous quarter.

Lending 440

Lending Mortgages Banks Closing 440

Housing Wire

DECEMBER 18, 2024

The existing home sales market does not align with their dual mandate of ensuring stable personal consumption expenditures (PCE) or consumer price index (CPI) prices, as these measures account for rent. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy.

Construction 501

Construction Residential Sales Mortgages 501

Housing Wire

FEBRUARY 28, 2025

This week on Power House , Diego Sanchez chats with Jay Plum, EVP of Consumer Lending at Fifth Third Bank. During the conversation, Plum explores Basel III’s impact on warehouse lending, the importance of affordability programs, and how Fifth Third plans to grow market share with mortgage servicing portfolios (MSRs).

Lending 219

Lending Banks Mortgages Industrial 219

Housing Wire

MAY 21, 2024

Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. In March , Planet hired Matt Kingsborough as regional sales manager to drive the company’s expansion plans in the western U.S.

Lending 427

Lending Residential Technology Commercial 427

Housing Wire

DECEMBER 4, 2023

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform.

Lending 468

Lending Mortgages Loans Technology 468

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers. What’s in a name?

Lending 434

Lending Branding Loan Officer Technology 434

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S.

Banks 432

Banks Lending Loan Officer Loans 432

Housing Wire

MAY 22, 2024

Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance. Certainty Home Lending operates under the umbrella of Guaranteed Rate.

Lending 432

Lending Development Loan Officer Finance 432

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. This synergy allows Planet to offer unparalleled operational support to its sales professionals, along with no hidden overlays and some of the industry’s best turn times.”

Lending 452

Lending Renovation Loans Mortgages 452

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 463

Lending Loan Officer Loans Technology 463

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. “With so many of our lending officers turning to the Knock Bridge Loan as a financing solution, this integration will streamline the approval process.

Lending 448

Lending Loans Loan Officer Equity 448

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. Their innovative solution supports our commitment to streamlining the lending process for our partners.”

Lending 430

Lending Mortgages Technology Banks 430

Housing Wire

FEBRUARY 7, 2024

California-based lender Summit Funding has appointed Thomas Yoon as the head of subsidiary Lead+ Wholesale Lending, the company announced on Wednesday. Simultaneously, Lead+ Wholesale Lending is unveiling a new program designed to educate brokers on non-QM products. Founded in 1995, Summit Funding operates in 48 states.

Lending 426

Lending Loans Mortgages Design 426

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

Lending 420

Lending Technology Loans Mortgages 420

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. But it’s not all grim news.

Lending 463

Lending Equity Banks Loans 463

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending.

Lending 421

Lending Mortgages Industrial As-is 421

Housing Wire

FEBRUARY 3, 2025

The hits keep coming for now-defunct residential sale-leaseback platform EasyKnock. Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. Originally filed by EasyKnock in Nov.

Lending 368

Lending Equity Investor Residential 368

Housing Wire

DECEMBER 17, 2024

The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.

Loans 384

Loans Mortgages Finance Lending 384

Housing Wire

MAY 21, 2024

Sandra Ho, a managing director at JPMorgan Chase , will join Wells Fargo next week as its head of home lending sales, Wells Fargo said in a statement Monday. It is a newly created role, and Ho will lead Wells Fargo’s consumer direct and distributed sales forces.

Sales 418

Sales Loans Lending Banks 418

Housing Wire

APRIL 11, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners.

Lending 389

Lending Technology Equity Loans 389

Housing Wire

JANUARY 3, 2025

Changing the conversation An improvement in this dynamic was also noted by Peter Sciandra , executive vice president of reverse lending secondary marketing at Fairway Independent Mortgage Corp. I participate in all of our monthly and weekly sales calls with the leadership team.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

DECEMBER 5, 2024

Under the Dodd-Frank Act and Truth in Lending Act (TILA), lenders must use independent, state-licensed appraisers to avoid conflicts of interest. “For HUD and the Department of Justice to claim that we somehow have authority to correct an appraisal due to discrimination is not true. We have a juxtaposition here,” Emerson added.

Lending 394

Lending Loans Mortgages Development 394

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 448

Lending Mortgages VA loan Finance 448

Housing Wire

DECEMBER 18, 2024

Citis previous use of the URL was to redirect to learning center content within the home lending pages on the Citi domain, according to Head of Mortgage Marketing at Citi, Chip Burgard. The company owned the domain for several years but didnt have a direct purpose with it until Q4 2023. We’ve got good purchase products.

Marketing 405

Marketing Lending Branding Banks 405

Housing Wire

DECEMBER 27, 2024

Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. Robinson added that one of the ways that NAF is aiming to address the messaging challenge is by spreading it across multiple platforms and divisions, including the retail lending and distributed field sales divisions at her company.

Industrial 395

Industrial Mortgages Principal Lending 395

Housing Wire

APRIL 17, 2025

Yost charges UWM with violations of Ohios Consumer Sales Practices Act, Residential Mortgage Lending Act and Corrupt Practices Act. Meanwhile, nearly half of all UWM mortgages in Ohio were originated by brokers who referred 75% or more of their business to the firm in 2023, the suit claims.

Lending 363

Lending Loans Mortgages Residential 363

Housing Wire

OCTOBER 11, 2024

“These increases were tied to upticks in rapid resales with rising prices, more high-activity buyers, and sales transactions with multiple high-risk flags,” the report explained. Lending volumes remained relatively steady over the past year, which the firm tied to “continued high interest rates.”

Mortgages 515

Mortgages Sales Loans Lending 515

Housing Wire

MARCH 10, 2025

” Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Glenn Kelman , CEO of Redfin.

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

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.

Lending 361

Lending Loans Mortgages Technology 361

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. from November but up 10.2% months in Nov.

Sales 541

Sales Days on market Mortgages Lending 541

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. These efforts could be center on product expertise, marketing materials, sales strategies and more, Allen said.

Mortgages 359

Mortgages Lending Banks Industrial 359

Housing Wire

OCTOBER 2, 2024

The CRM company launched in 2016 to provide third-party origination (TPO) mortgage lenders with account management, sales and email marketing through its software-focused approach. The platform is quick to implement and allows us to effectively manage both our sales and marketing teams.”

Sales 410

Sales Marketing Lending Loans 410