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 overwhelmed by options and lack […more]
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 a package of Fannie Mae […more]
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 used by retail, wholesale and […more]
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, Mountain will continue to serve […more]
Having inched up 0.9 percent in May, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – dropped 1.3 percent in June, which was the largest month-over-month decline since the fourth quarter of 2018 but still 16.1 percent higher […more]
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 on Oct. 4, Angel Hernandez, […more]
The home features postcard views from the sports court to the pent room.
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 conference sessions and networking events […more]
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 market normalizes following two years […more]
“Full House” creator Jeff Franklin is letting go of a two-parcel waterfront estate located in Miami’s Venetian Island chain.