Lending

Lending
News and information related to retail lending, wholesale and correspondent, and mortgage origination. General economic trends get worked in here, too; GDP, jobs, apps, rates.

ARTICLES

  • The end of Fannie, Freddie conservatorship? Trump reportedly picking Mark Calabria to lead FHFA

    Calabria currently serves as VP Mike Pence's economist
    Long-time housing finance reform advocate Mark Calabria is reportedly the Trump administration's choice to lead the FHFA after Mel Watt's term ends early next year. Calabria currently serves as Vice President Mike Pence's chief economist. As Pence's economist, Calabria famously called for the end of the conservatorship of Fannie Mae and Freddie Mac. Is that a sign of things to come?
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  • The Federal Savings Bank: "HECM origination is an outdoor sport"

    Bank coaches LOs on how to build referral networks
    In the wake of major HECM program changes, The Federal Savings Bank has decided to double down on its commitment to growing referral networks. The bank provides its LOs with the technology and coaching they need to connect with other professionals about the product, encouraging them to hit the pavement to build their business.
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  • Monday Morning Cup of Coffee: Appraisers may not get paid as CoesterVMS runs out of money

    Housing industry responds to Kraninger’s Senate confirmation to lead CFPB
    Sources continue to inform HousingWire of new information regarding CoesterVMS as it appears it may be running out of money and leaving some appraisers unpaid. Plus, find out what the housing industry thinks of the new director of the Consumer Financial Protection Bureau.
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  • Here's where HECM originators see opportunity in 2019

    Reverse professionals share their focus in the year ahead
    There’s no disputing that it’s been a rough year for the reverse mortgage industry, with volume recently falling to a low the industry hasn’t seen in 14 years. But now that program changes issued in October 2017 are firmly in the rearview, some HECM originators are ready to charge ahead, optimistic about the promise for better business in the year ahead.
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  • ARIVE boasts strong network of 100-plus wholesalers aiming to bolster broker market share

    With over 13,000+ originators pre-registered, tremendous partnership opportunities exist for lenders and brokers, alike
    The good news is that mortgage brokers continue to outpace their retail counterparts in business growth, a trend that has lasted the better part of two years now, especially as the market has been so heavily dominated by purchases.
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  • Experts: Wage growth could further rate hikes in 2019

    But one expert thinks 2018 will end on a jolly note
    In November, the unemployment rate held steady at 3.7% and wages rose slightly, leading some experts to predict the likelihood of continual rate hikes in 2019. Despite these concerns, one expert believes homebuyers will end the year on a jolly note.
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  • Unemployment rate holds ground at 3.7%

    Nonfarm payrolls increase by 155,000
    The unemployment rate held its ground at 3.7% in November, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. One expert said this week’s stock market volatility has markets watching November's job report closer than usual.
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  • Wells Fargo to pay $17 million to Illinois pension funds over crisis-era mortgage bonds

    Brings state’s total recovery to more than $500 million
    Wells Fargo will pay more than $17 million to a series of Illinois pension funds after settling with the state over the bank’s “misconduct in its marketing and sale of risky residential mortgage-backed securities leading up to the 2008 economic collapse,” Illinois Attorney General Lisa Madigan announced this week.
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Paulina Gonzalez

Paulina Gonzalez

Paulina Gonzalez is the executive director of the California Reinvestment Coalition, which advocates for the right of low-income communities and communities of color to have fair and equal access to banking and other financial services. CRC has a membership of over 300 nonprofit organizations and public agencies across the State. Follow her on Twitter @calreinvest
Joe Markham

Joe Markham

Joe Markham is the founder and CEO of Block66, a blockchain-powered platform that increases transparency, streamlines capital deployment and overcomes geographical lending restrictions in the mortgage industry
Travis Kniffen

Travis Kniffen

Travis Kniffen is the director of business development, partnerships at Roostify.