Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. She holds an A.B. from Smith College, an M.P.A.

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Housing Wire

OCTOBER 8, 2021

The private-label residential mortgage-backed securities market has been resurrected from its near-death following the global financial crisis a decade and a half ago. Morgan , the investment bank side of New York-based banking holding company J.P. Morgan , the investment bank side of New York-based banking holding company J.P.

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Principal Banks Loans Residential 285

Housing Wire

JUNE 3, 2022

Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2 Key to EBO offerings is the fact that the FHA guarantees 100% of the principal balance on the loans it insures. million, with all the loans deemed delinquent. In total, 99.3% are in active foreclosure.

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Loans FHA loan Principal Marketing 360

Housing Wire

AUGUST 9, 2022

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. million loss in the first quarter. WMC, with some $2.8

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Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well.

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Mortgages Banks Loans Industrial 406

Housing Wire

FEBRUARY 16, 2022

About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC). And, so far, it is.”.

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Housing Wire

OCTOBER 18, 2022

The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in the secondary market. Representatives for FirstFunding and Sprout did not return requests for comments. The total value was $1.2

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Housing Wire

SEPTEMBER 22, 2022

Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% Mortgage rates have nearly doubled to around 6.5% Interest rates can move higher as the economy stays firm, Logan Mohtashami, Lead Analyst at HousingWire said.

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Mortgages Loan Officer Pre-approval Fixed-rate mortgage 406

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter. funded $26.9

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Housing Wire

AUGUST 15, 2022

The Federal Reserve Bank of New York ’s second-quarter 2022 Household Debt and Credit Report shows that limits on HELOCs jumped by $18 billion in the second quarter of this year, “the first substantial increase in HELOC limits since 2011,” and an indicator of an increase in new originations. billion in 2021 to $4.6

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Equity Lending Fixed-rate mortgage Loans 420

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. neighborhood, housing market, Fall, homes, new house sales, forbearance.

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Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. He added that loan defects often leading to repurchase requests include, among others, borrower income-related issues (i.e.,

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Loans Debt-to-income ratio Banks Mortgages 374

Housing Wire

FEBRUARY 14, 2024

For example, using the API with FICS ’ mortgage servicing software Mortgage Servicer , lenders can maximize their capabilities, ensuring a user-friendly solution for servicers that automates residential servicing operations. Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board.

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Housing Wire

JUNE 1, 2022

The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes. Once approved for a HELOC, they can access the line of credit as needed, as opposed to having cash sitting in a savings bank from a refi. A HELOC is now cheaper than a refi.

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Equity Fixed-rate mortgage Principal Loans 381

Housing Wire

MAY 3, 2022

The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes. Once approved for a HELOC, they can access the line of credit as needed, as opposed to having cash sitting in a savings bank from a refi. A HELOC is now cheaper than a refi.

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Equity Fixed-rate mortgage Principal Mortgages 380

Housing Wire

FEBRUARY 3, 2022

Incenter completed a dozen bulk sales transactions in January involving MSRs for agency-backed loan pools that together had a total unpaid principal balance of $113.2 On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. And now we just did over $110 billion for the month of January.”.

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Purchase and sale agreement Marketing Equity Banks 352

Housing Wire

MARCH 1, 2023

Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. That’s the takeaway from a recent market report by the Amherst Group , a real estate investment firm based in Austin, Texas. to 4.75% range, up from 0.25% a year ago.

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Marketing Banks Mortgages Investor 361

Housing Wire

NOVEMBER 17, 2022

The executive spoke during a panel at the 8th Annual Residential Mortgage Servicing Rights Forum, a conference held in Manhattan on November 14 and 15. According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. . So, who’s number 12?

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Marketing Lending Loans Principal 366

Housing Wire

JANUARY 25, 2023

That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however. As of the start of this year, Wells Fargo’s all-agency MSR portfolio included some $608 billion in loans serviced based the unpaid principal balance, or 7.3% Or it could signal a future MSR-market stampede. of the entire $8.4

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Banks Loans Mortgages Sales 330

Realty Biz

FEBRUARY 6, 2023

These are financial investment products on commercial properties, as opposed to residential realty. If a business owner or real estate investor purchases a piece of commercial property, they obtain a mortgage from a bank to purchase it. Frequently fixed term, so offer a lower prepayment risk than residential.

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Housing Wire

FEBRUARY 28, 2023

billion in cash, “continues to be conservative with respect to capital management during this very severe operating environment for non-bank residential mortgage companies.” The unpaid principal balance in its servicing book rose to $535 billion as of Dec. The company’s GAAP net loss in Q4 was $493 million. Rocket has 2.5

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Mortgages Principal Title As-is 370

Housing Wire

FEBRUARY 14, 2023

When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase.

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Loans Investor Mortgages Principal 329

Housing Wire

MARCH 17, 2022

The MAXEX report notes that residential mortgage-backed securities (RMBS) deals backed by investment properties decreased “significantly in February,” in large part due to the removal of the agency limit on purchasing those loans. “The Pelka agrees that the PLS market is under pressure. “In of the Omicron variant of COVID-19.

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Loans Marketing Due diligence Residential 292

Housing Wire

JULY 28, 2022

Any increase in availability in inventory deserts would be enough to again attract buyers to the market, according to Marty Green, principal at mortgage law firm Polunsky Beitel Green. Since the Fed’s June interest rate increase of 75 bps, mortgage rates in recent weeks crept closer to 5.5%. in mid-June,” Yun added. “It

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Housing Wire

FEBRUARY 22, 2022

At the same time, those options trigger specific additional requirements from investors, including reporting principal and interest collection activity, drafting funds due to the investor, resolving any reporting or drafting discrepancies, and reconciling custodial accounts. According to Craig Martin , mortgage practice lead with J.D.

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Commercial Investor Loans Mortgages 325

Housing Wire

MARCH 20, 2023

Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.” It is often said that the Fed raises interest rates until something breaks. In 2021, mortgage originations hit a record high of $4.4 trillion, and will fall to $1.87

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Banks Mortgages Fixed-rate mortgage Loans 368

Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Register for the FinLedger Daily Newsletter. When something is seamlessly designed into the experience, you’re more likely to use it,” he said.

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Title Branding Principal Loans 236

Realty Biz

APRIL 4, 2023

Thayne Houston, Principal Broker, ERA Brokers Consolidated, St. Jim Napier, President and Principal Broker, Napier Realtors ERA, Richmond, Va., The ERA Hall of Fame Class of 2022 includes: Joanne Breen, Broker/Owner, ERA Sargis-Breen Real Estate Co., Newington, Conn., joined the ERA network in 1979. The late H. Newington, Conn.

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Principal Branding Brokerage Industrial 88

Realtor.com

JANUARY 3, 2023

Whether you’ve been banking on a luxurious fire pit or a custom outdoor kitchen, now’s the time to start planning the outdoor living space that you’ve been dreaming of (and saving for). Coates Photo by Design Architects Seattle via Houzz Creating a backyard space that’s both stylish and serene is in the cards for 2023.

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Design Principal Residential Banks 89

Housing Wire

MAY 1, 2023

Less than two months after the abrupt failures of Silicon Valley Bank and Signature Bank , federal regulators seized First Republic Bank and sold it to JPMorgan Chase Bank. First Republic is the largest lender to collapse since the 2008 financial crisis and the second-largest bank failure in American history.

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Banks Commercial Loans Principal 318

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. What’s going on with the VA? Join us on Wednesday, February 22, 2023, to find out!

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VA loan Principal Development Title 85

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Not to mince words: title is hard.

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Commercial Brokerage Due diligence Title 374

First Team Real Estate

SEPTEMBER 20, 2021

Closing over $1 billion in residential real estate transactions over the course of her career, Sue La Bounty is in a league all her own. Principal of The La Bounty Group, her legacy of excellence in the Long Beach & the Southern California Coastal real estate market has earned Sue a catalog of lifelong clients and a thriving business.

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Marco Santarelli

MARCH 20, 2024

Although homeowners' insurance costs are on the rise, they pale in comparison to the substantial financial commitments associated with mortgage principal and interest payments. Residential investment, a key component of economic activity, maintained a positive trajectory, albeit at a slower pace compared to previous quarters.

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Mortgages Marketing Lending Loan Officer 52

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. What’s going on with the VA? Join us on Wednesday, February 22, 2023, to find out!

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VA loan Principal Development Title 52

RIS Media

SEPTEMBER 21, 2021

She is a highly experienced REALTOR® in estates, investment, residential and trust properties. She brings a mix of investment banking and a legal background into her work in real estate. District: Greater Albuquerque, New Mexico. Addison relocated from Hawaii to practice law and real estate in New Mexico. Wendy Holcomb. Rachel Mann.

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Realty Biz

SEPTEMBER 25, 2021

First, as you make monthly payments, you gain equity by the amount that the mortgage principal is reduced each month. First, as you make monthly payments, you gain equity by the amount that the mortgage principal is reduced each month. Home Equity is Like having Money in the Bank. Your equity increases in two ways.

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Equity Loans Bankruptcy Mortgages 91