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Tag: mortgage origination

NAHREP recognizes top 250 Latino mortgage originators

June 14, 2024 No Comments Real estate , , , , , , ,

The National Association of Hispanic Real Estate Professionals (NAHREP) this week released the 10th edition of its annual Top 250 Latino Mortgage Originators rankings, honoring the top-performing Latino mortgage originators across the country. For the second year running, DHI Mortgage earned the top position in the report among all companies, followed by Guaranteed Rate and [...]read moreNAHREP recognizes top 250 Latino mortgage originators

Originations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

June 13, 2024 No Comments Real estate , , , , , , , , , , ,

Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the newest U.S. mortgage originations outlook from financial services forecasting and advisory company iEmergent. Based on 2023 Home Mortgage Disclosure Act (HMDA) [...]read moreOriginations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

Buy now, pay later: How do mortgage pros deal with ‘phantom debt’?

May 30, 2024 No Comments Real estate , , , , , , , , ,

Traditionally, Silex Financial Group ran the initial numbers for a potential borrower to qualify for a mortgage based on what’s on their credit report, according to Racamato. “But we saw recently with a client that none of her buy now, pay later payments were on her credit report,” Racamato said in an interview with HousingWire. [...]read moreBuy now, pay later: How do mortgage pros deal with ‘phantom debt’?

Pennymac posts first-quarter profit of $39M

April 25, 2024 No Comments Real estate , , , , , , , ,

Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California-based multichannel lender and servicer announced Wednesday. The company’s pretax gain in the first quarter was $43.9 million. That was less than the $38.1 million figure it posted during the same period last year but a significant improvement from [...]read morePennymac posts first-quarter profit of $39M

Nearly half of loans processed in Q1 showed fraud risks: FundingShield

April 17, 2024 No Comments Real estate , , , , , , , , ,

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud, according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans. On loans that exhibited problems, the analysis found an average [...]read moreNearly half of loans processed in Q1 showed fraud risks: FundingShield

CFPB considers ban on charging buyers for lender’s title policy

April 10, 2024 No Comments Real estate , , , , , , , , , , ,

The Consumer Financial Protection Bureau is considering a ban on mortgage banks charging homebuyers for the lender’s title insurance policy, according to a report by Bloomberg. Lender’s title policies protect lenders from issues that may arise with the title of the property, but they are paid by the borrower. The homebuyer also has the option [...]read moreCFPB considers ban on charging buyers for lender’s title policy

Highlands Residential Mortgage adds top Texas producer

April 3, 2024 No Comments Real estate , , , , , , ,

Josh Moody, a mortgage industry veteran with more than 20 years of experience and nearly $2 billion in career sales volume, recently joined Highlands Residential Mortgage. Based in Addison, Texas, Moody most recently worked for Synergy One Lending, where he posted nearly $77 million in production volume across 265 loans last year. This made him [...]read moreHighlands Residential Mortgage adds top Texas producer