With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. There is also a renewed interest in the future state of residential mortgage originations. This has led many lenders to feel
The Prestwick Mortgage Group, an Alexandria, Virginia-based advisory and brokerage firm, has unveiled a mortgage-servicing rights (MSR) offering for a $598 million package of Fannie Mae and Freddie Mac loans. Prestwick’s offering comes on the heels of a separate bulk offering announced recently by New York-based Mortgage Industry Advisory Group (MIAC) that involves an MSR offering for
Mortgage tech firms FormFree and Docutech are teaming up to make verification of assets (VOA) and verification of income and employment (VOI/E) available in the initial disclosure phase of the mortgage process. FormFree’s AccountChek, a service that allows lenders to verify borrower’s assets, income, employment and rent payment history, is
Add mortgage lender Mountain West Financial to the list of victims of the price war in the wholesale channel. The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson. Founded in 1990,
What’s unique about President Biden’s housing administration compared to past administrations? From regulations and enforcement to innovation in policies and technology, there’s a lot to talk through when it comes to addressing this question, which is why we’re stoked for this panel at HousingWire Annual. Moderating the Regulatory Super Session
There’s only one month left until HW Annual kicks off on Oct. 3rd. As the conference quickly approaches, so does the deadline to lock in the exclusive room rate for the Fairmont Princess Resort in Scottsdale, Arizona. Take advantage of staying on the property and being close to all the
Rocket Companies, the parent company of Rocket Mortgage, extended the second round of voluntary career transition offers to employees amid the company’s forecast of much lower origination volume in the third quarter. “We recognize career growth options in certain areas of our business are limited right now, while the housing
Digital mortgage lender Better.com and blank-check firm Aurora Acquisition Corp. extended the deadline to conclude their merger agreement, but the companies have already started to discuss options in case the deal fails. In May 2021, Novator Capital-sponsored special purpose acquisition company Aurora announced plans to make Better.com public in the fourth quarter of 2021. The deal valued
Inflation slowed more than expected in July, the result of a dip in gas and energy prices. But soaring housing costs continue to weigh heavily on family budgets. Rents and home purchase prices are up – 17% and 20% respectively – from last year. It seems as if every day there is
A San Francisco real estate investor with political ties was found guilty of bank fraud and making false statements to Quicken Loans as part of a larger federal investigation targeting public corruption in the city. A federal jury convicted Victor Makras, president of Makras Real Estate, for inflating a debt
California-based Impac Mortgage Holdings received a notice on Friday from the NYSE American LLC requiring a plan to adjust its stockholders’ equity level amid consecutive financial losses. Otherwise, the mortgage lender will be subject to delisting proceedings, according to a Securities and Exchange Commission (SEC) filing. In the most challenging mortgage market in well over a
In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. 1 lender in the country. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial