Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. We’re seeing a downward trend in total [loans] repurchased [on a dollar basis], and that’s true for both Fannie and Freddie,” Ludden said. “I

Loans 448

Loans Due diligence Investor Technology 448

Housing Wire

NOVEMBER 12, 2020

The Federal Housing Finance Agency announced on Thursday that Fannie Mae and Freddie Mac will continue to buy qualified loans in forbearance , extending the temporary policy until Dec. Eligible loans will continue to be priced to mitigate the heightened risk of loss to the Enterprises from said loans.

Loans 459

Loans Staging Finance Mortgages 459

Housing Wire

JULY 12, 2022

The loan quality of mortgage pools backing private-label securitization (PLS) deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. . Even with big drop in rates in the first week of July — the sharpest decline since 2008 , to 5.3% billion.

Loans 370

Loans Staging Mortgages Fixed-rate mortgage 370

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. It remains unclear when the FHA plans to add the 40-year loan modification option to its servicing and loss mitigation handbook. Presented by: Stavvy.

Loans 448

Loans Industrial Mortgages Real-estate owned 448

Housing Wire

SEPTEMBER 28, 2021

Loan origination-related consumer complaints rose significantly over the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau ’s (CFPB) report published last week. ” The post Loan origination complaints have spiked during pandemic appeared first on HousingWire.

Loans 433

Loans Staging Mortgages Finance 433

Housing Wire

OCTOBER 1, 2024

The three overarching themes in all of these conversations include: Operational efficiencies for delinquent accounts : QC teams are honing in on how effectively operational processes are managed for delinquent loans, from customer service to loss mitigation. I have to say ACES has been such a tremendous help in our QC review process.

Loans 424

Loans Pre-approval Marketing Staging 424

Housing Wire

OCTOBER 22, 2024

It also targets “bait-and-switch data harvesting,” where data is used under false pretenses, such as offering loans using targeted advertising data. He said the “stage is set for a more data-driven lending environment.” “Consumers now control their financial data, sharing it securely with third parties.

Banks 446

Banks Mortgages Lending Staging 446

Housing Wire

JANUARY 22, 2025

The announcement comes shortly after Rocket unveiled the first stage of its rebrand and is a part of the company’s conscious effort to unify Rockets many companies under a single umbrella. Since its launch, the company claims that its AI tool has tripled its conversion rate from website visits to loan closings.

Staging 370

Staging Design Mortgages Finance 370

Housing Wire

OCTOBER 5, 2023

Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing.

Technology 435

Technology Loans Lending Residential 435

Housing Wire

NOVEMBER 21, 2024

Given that approach, it always made sense that, eventually, when I reached that stage, I would apply the same strategy to myself. In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. So, yes, realistically, I’ve always known this would be part of my plan.”

Mortgages 369

Mortgages Loan Officer Equity Lending 369

Housing Wire

JANUARY 26, 2023

The Collections solutions are geared toward helping to prevent foreclosure and late-stage default by making qualified assistance options timelier and more accessible to both homeowners and servicers, Black Knight said on Thursday. “By Black Knight is preparing to be acquired by Intercontinental Exchange (ICE).

Staging 397

Staging Loans Mortgages Investor 397

Housing Wire

MAY 11, 2023

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

Loans 397

Loans Title Title search Loan Officer 397

Housing Wire

NOVEMBER 1, 2023

But for some borrowers, a less traditional loan type could make the most financial sense. Add context about why you’re asking for specific information at every stage. Without enough timely information to ask questions and compare options, borrowers had loans they couldn’t afford.

Loans 434

Loans Fixed-rate mortgage Lending Loan Officer 434

Housing Wire

FEBRUARY 6, 2025

While not taking a position as a product advocate, Batey noted that the loans could be an option for older residents on a fixed income who seek support for their expenses. Interestingly, Batey noted that he and his office have observed a higher level of interest in reverse mortgages from seniors in the area.

Mortgages 416

Mortgages Staging Equity Loans 416

Housing Wire

NOVEMBER 12, 2024

Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. I’m excited to join the MAXEX leadership team at this critical growth stage,” he added. “The U.S. MAXEX is based in Atlanta.

Technology 370

Technology Finance Mortgages Lending 370

Housing Wire

NOVEMBER 8, 2024

Kevin Sears took to the NAR NXT main stage at the Boston Convention and Exhibition Center on Friday morning with a large iced coffee from Dunkin’ in hand. Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Let’s protect the consumer; let’s work together.” Those utilizing mortgages from the U.S.

VA loan 368

VA loan Commercial Staging Loans 368

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. For an LO working to get the loan to the finish line, this can be a huge time saver. Why do we need them? Who is eligible to take advantage of them?

Loans 418

Loans Inspection Lending Technology 418

Housing Wire

JULY 25, 2023

for purchase mortgage origination, and he is taking the stage at HW Annual. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. Register Weaver spoke with HousingWire to share his excitement for HW Annual and give attendees a sneak peak at the t opics he’ll discuss on stage.

Staging 346

Staging Mortgages Lending Loans 346

Housing Wire

DECEMBER 9, 2024

Setting the Stage for 2025 Heres the good news, 2025 is set to stabilize. Heres your game plan: Check your credit: A score of 640 opens the door to FHA loans and down payment assistance programs. Despite this, the Las Vegas housing market held its ground with steady appreciation, climbing 5-7%. The key takeaway?

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

MAY 30, 2024

for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. of all mortgages in February, up from 1.1% in March 2023. in March 2023.

Mortgages 474

Mortgages Staging Principal Loans 474

Housing Wire

APRIL 26, 2024

The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due), accounted for 1.5%

Mortgages 499

Mortgages Staging Principal Loans 499

Housing Wire

APRIL 10, 2023

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

Title 396

Title Loans Equity Title search 396

Housing Wire

OCTOBER 19, 2020

The decline was largely led by portfolio loans and private-label securities as their share of mortgages in forbearance fell to 8.86% from 10.06% the week prior. The forbearance rate for Fannie Mae and Freddie Mac loans declined twenty-six basis points to 3.77% — the 19th week in a row GSE loans in forbearance have fallen.

Mortgages 545

Mortgages Loans Staging As-is 545

Housing Wire

MARCH 31, 2022

Title reports can be confusing, while at the same time lenders seek to reduce time and friction in the loan origination cycle to remain competitive and provide their borrowers with excellent customer service. Radian Ready is a compliant solution that yields a standard ALTA loan policy meeting investor requirements.

Title 368

Title Loans Technology Lending 368

Housing Wire

MARCH 13, 2025

Fairfield and Keranen bring decades of experience in mortgage lending, as loan originators and managers in California. In recent years, they have focused on mentoring loan officers and tailoring their support to match different career stages.

Lending 207

Lending Loan Officer Loans Staging 207

Housing Wire

JULY 26, 2021

The share of Fannie Mae and Freddie Mac loans in forbearance also decreased two basis points to 1.81%, and Ginnie Mae loans decreased one basis point to 4.35%. The share for portfolio loans and private-label securities (PLS) increased five basis points to 7.38%. By stage, 9.8% Approximately 1.74 are in an extension.

Staging 493

Staging Loans Finance Development 493

Housing Wire

FEBRUARY 4, 2025

Dara Movement and Dara Data are not yet on the market but in a “road map” stage, Sagent confirmed. Since the 2024 conference, parts of Dara the default, consumer and AI components have been in full production and operation. And Dara Core is nearing beta completion.

Mortgages 424

Mortgages Bankruptcy Staging As-is 424

Housing Wire

MAY 3, 2021

The total number of servicers’ loans in forbearance fell for the ninth straight week. Several investor types were down by just a single digit basis points, with Fannie Mae and Freddie Mac loans falling two points to 2.42%, while Ginnie Mae loans slid seven basis points to 6.02%. By stage, 12.8% as of last week.

Loans 487

Loans Staging Investor As-is 487

Housing Wire

SEPTEMBER 28, 2023

in June, according to CoreLogic ’s Loan Performance Insights. mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a news release. percentage point to 2.7% Overall U.S.

Mortgages 468

Mortgages Staging Equity Principal 468

Housing Wire

JUNE 11, 2024

HUD placed Open Mortgage on credit watch for the Des Moines HOC [homeownership center], which only impacts our loans in Iowa,” Christopher D’Auria, president and CEO of Open Mortgage, told HousingWire. “Our direct endorsement authority remains unchanged outside of that HOC. Iowa was responsible for 3.4% of the total, Modex data shows.

FHA loan 475

FHA loan Mortgages Loan Officer Loans 475

Housing Wire

MARCH 22, 2024

In February, serious delinquencies (loans 90 or more days past due) were down month over month, with 11,000 fewer loans in that category and a total of 459,000 loans affected. On a yearly basis, the rate of serious delinquencies was 18% below the February 2023 rate of 562,000 loans.

Mortgages 476

Mortgages Loans Staging Sales 476

Housing Wire

JANUARY 9, 2025

Carlile, who has 25 years of experience in the mortgage industry and is based in Atlanta , previously held positions at Bank of England Mortgage , Inspire Home Loans and DHI Mortgage.

Mortgages 363

Mortgages Staging Banks Industrial 363

Housing Wire

NOVEMBER 8, 2021

The total number of loans in forbearance decreased by nine basis points to 2.06% as of Oct. million loans serviced as of Oct. Fannie Mae and Freddie Mac loans in forbearance declined five basis points to 0.92%. Meanwhile , Ginnie Mae loans decreased by 13 bps to 2.52%. The survey included data on 36.6 The remaining 10.3%

Loans 514

Loans Staging Banks Mortgages 514

Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

VA loan 459

VA loan Mortgages FHA loan Staging 459

Housing Wire

JULY 11, 2023

The tool aims to identify inconsistencies between loan applications and borrower-provided documents to data accuracy. The Candor Pre-Check feature is one more tool lenders can use to improve their loan quality, become more efficient, and win in every market cycle,” said Candor CEO Tom Showalter.

Loans 284

Loans Technology Staging Mortgages 284

Housing Wire

JUNE 27, 2022

million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% With fewer new borrowers becoming delinquent, both overall and early-stage delinquency rates continue to trend downward.”. A total of 1.46 from April due to typical seasonal patterns.

Mortgages 531

Mortgages Staging Renovation Loans 531

Housing Wire

OCTOBER 5, 2020

The forbearance rate for Fannie Mae and Freddie Mac loans dropped seven basis points to 4.39%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration increased one basis points to 9.16%. The remaining 1.4% are forbearance re-entries, the report said. from 6.9%, the report said.

Loans 531

Loans Staging Mortgages As-is 531