The importance of loan quality debt monitoring

In the mortgage industry, the time between when a hopeful borrower submits their loan application and the loan actually closing is 50 days on average, according to the Origination Insight Report by ICE Mortgage Technology. During this period, a borrower’s credit profile may change drastically. From taking on additional debt

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Another lender settles redlining accusations with DOJ

The Department of Justice reached a $12 million settlement with Lakeland Bank over claims the lender engaged in redlining in the Newark, New Jersey metropolitan area. The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to

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We can’t wait to see you at HW Annual Oct. 3-5

The road to HousingWire Annual has been filled with a lot of excitement and strategic planning. After months of preparing and anticipation, the week is nearly here. Everyone on the HW team is so excited to see our friends and colleagues from across the industry in Scottsdale, Arizona.  This year’s

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HW+ Member Spotlight: Sharon Park

This week’s HW+ member spotlight features Sharon Park, co-founder and CEO at Home Starter Inc. Below, Park answers questions about the housing industry: HW Media: What is your current favorite HW+ article and why? Sharon Park: My favorite article is “Opinion: Taming inflation requires making housing affordability a national priority.” I believe that closing the

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Fannie Mae taps Priscilla Almodovar as new CEO

Nearly six months after CEO Hugh Frater announced his resignation, Fannie Mae has found a permanent replacement. Priscilla Almodovar, the president and CEO of national housing nonprofit Enterprise Community Partners, will take the helm of the mortgage finance behemoth on Dec. 5. David Benson will continue to serve as interim

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Don’t miss FHFA Director Sandra Thompson at HW Annual

Taking the main stage on Oct. 5 at HW Annual, Federal Housing Finance Agency Director Sandra Thompson will sit down for a fireside chat with HousingWire’s Sarah Wheeler. The highly anticipated conversation will share updates on the agency’s latest initiatives, some of the latest collaboration and oversight moves from the

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Top tips for mortgage professionals using TikTok

Social media app TikTok is expected to reach 1.8 billion users by the end of 2022 – will you be one of them? Many mortgage professionals are turning to the platform as a way to connect with prospective borrowers and educate them on mortgage, as well as market themselves.  We

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Angel Oak Mortgage shakes up leadership

Non-QM real estate investment trust Angel Oak Mortgage Inc. on Wednesday announced the departure of CEO Robert Williams. The company appointed Sreeni Prabhu, a managing partner at affiliate Angel Oak Capital Advisors, as the new president and CEO. The leadership shakeup comes after two consecutive quarters of financial losses. Angel

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