#mortgage-industry

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#non-qm-lending
fromwww.housingwire.com
2 days ago

How Narrow AI is transforming mortgage servicing and cash flow management

The velocity and complexity of mortgage transactions create significant challenges in tracking discrepancies, leading to large cash flow variances that hinder effective oversight.
Artificial intelligence
#reverse-mortgages
#regulatory-affairs
#financial-performance
Business intelligence
fromwww.housingwire.com
2 months ago

Rising production expenses hit IMB profits in Q4 2024

61% of companies reported pre-tax profits in Q4 2024, declining from 71% in Q3.
Net production losses have resumed after two quarters of gains.
Larger volume lenders benefitted from economies of scale amid rising production expenses.
The average pre-tax production loss was 4 bps in Q4 2024.
Business intelligence
fromwww.housingwire.com
2 months ago

Rising production expenses hit IMB profits in Q4 2024

61% of companies reported pre-tax profits in Q4 2024, declining from 71% in Q3.
Net production losses have resumed after two quarters of gains.
Larger volume lenders benefitted from economies of scale amid rising production expenses.
The average pre-tax production loss was 4 bps in Q4 2024.
fromwww.housingwire.com
5 days ago

Mortgage defects saw a dramatic decline in 2024

The Q4 2024 critical defect rate dropped 23.2% to 1.16%, signaling significant improvement in mortgage underwriting trends despite increases in legal/regulatory/compliance defects.
Deliverability
#technology
#regulatory-changes
#uwm
fromwww.housingwire.com
2 weeks ago

HOME announces the first shoe designed for mortgage women

Nicole Yelland discussed how women in the mortgage industry often resort to uncomfortable heels, highlighting a gap in stylish yet professional footwear options for them.
LA real estate
#innovation
Digital life
fromwww.housingwire.com
2 months ago

ServiceLink's Melinda Maloney on the next generation of housing leaders

Young leaders like Melinda Maloney are pivotal in transforming the mortgage industry through innovation and strategic thinking.
Digital life
fromwww.housingwire.com
2 months ago

ServiceLink's Melinda Maloney on the next generation of housing leaders

Young leaders like Melinda Maloney are pivotal in transforming the mortgage industry through innovation and strategic thinking.
#fannie-mae
#leadership
fromwww.housingwire.com
3 weeks ago

House to hold key session on trigger leads bill in May

The reintroduced bill emphasizes that companies using trigger leads must make bona fide offers of credit, targeting those that may use predatory practices.
Marketing tech
#enotes
Venture
fromwww.housingwire.com
2 months ago

Snapdocs becomes first eVault provider to get MISMOcertification

Snapdocs is the first eVault provider to achieve MISMO certification, enhancing trust in its solutions across the mortgage industry.
Venture
fromwww.housingwire.com
2 months ago

Snapdocs becomes first eVault provider to get MISMOcertification

Snapdocs is the first eVault provider to achieve MISMO certification, enhancing trust in its solutions across the mortgage industry.
fromwww.housingwire.com
3 weeks ago

VantageScore mortgage usage plunged 42% in 2024

The mortgage industry accounted for 1.2% of all VantageScore usage last year, compared to 3.2% in 2023.
SF real estate
#loandepot
#real-estate
SF real estate
fromwww.mercurynews.com
1 month ago

Mortgage company Rocket buying Mr. Cooper in $9.4 billion stock deal

Rocket is acquiring Mr. Cooper for $9.4 billion to form a leading mortgage company.
The merger will provide a comprehensive homeownership experience and enhance client service.
SF real estate
fromNew York Post
1 month ago

Rocket to buy Mr. Cooper in $9.4B mega US real-estate deal

Rocket Cos. plans to acquire Mr. Cooper Group for $9.4 billion to strengthen its mortgage sector amid U.S. housing market recovery.
SF real estate
fromFast Company
1 month ago

Mortgage company Rocket buying Mr. Cooper in all-stock deal valued at $9.4 billion

Rocket Companies acquires Mr. Cooper Group for $9.4 billion, enhancing its mortgage market presence.
SF real estate
fromwww.mercurynews.com
1 month ago

Mortgage company Rocket buying Mr. Cooper in $9.4 billion stock deal

Rocket is acquiring Mr. Cooper for $9.4 billion to form a leading mortgage company.
The merger will provide a comprehensive homeownership experience and enhance client service.
SF real estate
fromNew York Post
1 month ago

Rocket to buy Mr. Cooper in $9.4B mega US real-estate deal

Rocket Cos. plans to acquire Mr. Cooper Group for $9.4 billion to strengthen its mortgage sector amid U.S. housing market recovery.
SF real estate
fromFast Company
1 month ago

Mortgage company Rocket buying Mr. Cooper in all-stock deal valued at $9.4 billion

Rocket Companies acquires Mr. Cooper Group for $9.4 billion, enhancing its mortgage market presence.
fromwww.housingwire.com
1 month ago

IMBs turn a profit of $443 per loan in 2024

In 2024, 68% of firms in MBA's survey posted pretax net profits, which increased from 36% in 2023, reflecting improved performance in the mortgage market.
Productivity
fromwww.housingwire.com
1 month ago

Industry reacts to FHA's loss mitigation changes

Housing industry pros are largely supportive of the raft of changes the Federal Housing Administration made related to the COVID-19 era loss mitigation waterfall.
Renovation
fromwww.housingwire.com
1 month ago

Republic State Mortgage CEO sells controlling interest

It has been the honor of my professional life to be the founder and leader of Republic State Mortgage Co. for the past 31 years, Wagnon said. I am grateful to pass the reins to Andrina who, along with the talented team she is bringing on board, will continue to uphold the high standards that have become synonymous with Republic.
SF real estate
#regulation
fromwww.housingwire.com
1 month ago

NAMB introduces Hive, an online community for mortgage pros

I'm thrilled to lead the Hive initiative at NAMB. This platform is a powerful tool for mortgage professionals to connect, learn, and grow together.
National Basketball Association
LA real estate
fromwww.housingwire.com
1 month ago

Dave Lykken explores the boom-bust mortgage cycle

Fact-checking is crucial amidst the abundance of opinions and rumors in the podcasting space.
Mortgage rates significantly impact market dynamics, with 6% being a key figure.
The boom-and-bust cycle in the mortgage industry creates challenges for responsiveness.
fromwww.housingwire.com
1 month ago

Fannie Mae's title waiver pilot program one year later

The primary benefit is the substantial savings passed on to consumers, Wilner said. On average, borrowers save more than $1,000 per transaction.
Marketing tech
#automation
fromwww.housingwire.com
2 months ago

Ex-Movement Prez Michael Brennan joins 'lean-and-mean' NMB

Brennan's departure after nearly a decade highlights the challenges of aligning leadership vision in a rapidly changing industry, impacting his view on the future.
Marketing tech
fromwww.housingwire.com
2 months ago

Evergreen Home Loans expands into New Mexico

We are excited to bring the Evergreen Home Loans experience to homebuyers and real estate partners in New Mexico, Robert Lipston, executive vice president and head of production at Evergreen Home Loans, said in a statement.
SF real estate
#hecm
fromwww.housingwire.com
2 months ago
Marketing tech

Xactus, FICO put forth Score Mortgage Simulator

Xactus partners with FICO to launch a simulator tool for lenders to predict the impact of financial actions on borrowers' credit scores.
#acquisition
LA real estate
fromwww.housingwire.com
2 months ago

Navigating movement in the mortgage industry series: Post-closing matters are important too

Mortgage companies must adapt business models to changing market conditions to avoid consolidation.
Earnouts are essential tools in M&A transactions that link future performance to financial payouts.
Indemnification clauses and escrows are key to managing post-closing liabilities in M&A.
fromwww.housingwire.com
2 months ago

Fifth Third Bank's Jay Plum explores mortgage lending trends

"We're the tenth-largest bank servicer in the country. We've bought MSRs, and that's purely an economic play. The immortal role of buying low and selling high applied when we bought MSRs when they were at 3% and 4% interest rates."
Remodel
Remodel
fromwww.housingwire.com
2 months ago

FHA layoffs would create dysfunction for mortgage industry

Potential layoffs at FHA could disrupt essential housing programs, but actual cuts may be smaller than reported.
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