Housing Wire

APRIL 4, 2024

Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 Announced by Marion McFadden, HUD principal assistant secretary for community planning, at a Habitat for Humanity event in Nashville, the $13.5 million), while Washington, D.C.’s

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Equity Principal Development Construction 273

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

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Equity Lending Principal Technology 282

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

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Investor Bankruptcy Finance Equity 360

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 328

Mortgages VA loan Principal Loans 328

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

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Principal Development Brokerage Residential 86

Housing Wire

FEBRUARY 1, 2024

As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.” Department of Housing and Urban Development (HUD) set the HECM limit at $625,500, an increase from $417,000. in 2009 to about 12-14% during Fiscal Years 2010 through 2014. In 2009, the U.S.

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Mortgages Principal Loans Equity 323

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. For non-borrowing spouses , the results were a bit more mixed.

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Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 413

Finance Seller concession Loan Officer Loans 413

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Principal among these are: Invested capital “requires” the highest return. The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. exceeds $1.5 Investors’ No.

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Finance Principal Residential Development 338

Housing Wire

MARCH 22, 2023

Department of Housing and Urban Development (HUD) on Tuesday announced it has awarded $54 million to 182 fair housing organizations across 42 states under its Fair Housing Initiatives Program (FHIP). The Fair Housing Initiatives Program puts money into communities to help them root out discrimination in housing.

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Principal Equity Development As-is 344

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Development Title Lending 407

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. That was down 3.6%

Mortgages 335

Mortgages Seller concession Principal Loans 335

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter.

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Banks Principal Finance Equity 360

Housing Wire

FEBRUARY 15, 2024

While he only has access to the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) product, that doesn’t dampen the possibilities. So, preserving other assets by utilizing home equity is the other big thing.” So, for me, the HECM is the go-to product. And then what am I going to do?’

Mortgages 331

Mortgages Banks Equity Land 331

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. among others. among others. million security backed by non-QM mortgages.

Mortgages 294

Mortgages Principal Banks Equity 294

Housing Wire

JANUARY 11, 2024

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program. 17, 2024.”

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Lending Bankruptcy Mortgages Principal 360

Housing Wire

APRIL 14, 2023

Amassing a large down payment is not an option for many households and waiting on the sidelines of the housing market could cost them the chance to build equity, lock in housing costs for the long term and put down roots. After all, it improves financial security, enhances family and community stability, and builds intergenerational wealth.

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Finance Equity Mortgages Principal 320

Housing Wire

JULY 15, 2021

In the end, the company makes money by charging a fee off the principal of the loan — paid for by the lender. Cofounder Nora Apsel said Morty’s funding came entirely in the form of equity, and that the company has raised more than $38 million to date. The company is currently licensed in 36 states and Washington D.C.,

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Principal Loans Equity Mortgages 376

Housing Wire

MARCH 10, 2022

Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. The [current Lakeview] transaction is the fourth publicly rated non-agency securitization of its kind to be introduced to the market in over a decade,” KBRA’s report noted. A fourth such transaction, a $370.7

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Mortgages Principal Loans FHA loan 279

Housing Wire

APRIL 21, 2022

Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.

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Lending Finance Principal Development 404

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending. They are bound to do more.

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Banks Lending Loans Principal 417

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Both GSEs argue that these approaches advance equity. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

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Equity Inspection Lending Finance 287

Housing Wire

NOVEMBER 4, 2022

A similar announcement was made by former HUD Secretary Andrew Cuomo a week before the 2000 presidential election when FHA lowered the up-front premium and reduced the “life of loan” premium once a borrower reached 22% equity in the home. But in the current environment there is reason to be cautious. percentage points.

FHA loan 320

FHA loan Loans Equity Mortgages 320

Keeping Current Matters

JULY 28, 2021

Most of the 1.86M in forbearance have enough equity to sell their home. million homeowners currently in forbearance, 87% have at least 10% equity in their homes. After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. 2018: 279,040.

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Short sale Equity Principal Mortgages 264

Housing Wire

OCTOBER 28, 2020

The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”. CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms.

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Investor Principal Equity Technology 310

Housing Wire

OCTOBER 24, 2022

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by nonbanks. The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77

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Principal Banks Loans Mortgages 256

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee. ” . .

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Marketing Lending Loans Principal 348

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. How a pragmatic approach to eClosings helps lenders succeed during COVID-19 and beyond. Find out what those are here.

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Land Principal Mortgages Equity 460

Housing Wire

NOVEMBER 2, 2021

For loans that require mortgage insurance, the GSEs permit automatic termination of the insurance if a borrower amortizes their equity to 22% or more of the original property value. FHA insures 100% of the loan’s unpaid principal balance and out-of-pocket expenses, replicating the GSE guarantor program.

FHA loan 332

FHA loan Mortgages Loans Principal 332

Calculated Risk Real Estate

SEPTEMBER 6, 2023

Note: Black Knight mentions the decline in cash-out refis, and I’ll have more on Mortgage Equity Withdrawal (MEW) on Friday with the release of the Fed’s Flow of Funds report (Z.1 As Black Knight Vice President of Enterprise Research Andy Walden explains, this is a remarkably recent development. ” said Walden.

Mortgages 116

Mortgages Equity Principal Loans 116

Marco Santarelli

MAY 30, 2024

Homeownership is a cornerstone of the American dream, and in recent years, financial institutions have been developing programs to make this dream more accessible to a broader range of people. Soaring mortgage rates threaten affordability, but there's a glimmer of hope! Is a return of zero-down mortgages on the horizon despite past risks?

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Equity Banks Loans Mortgages 52

Housing Wire

JULY 7, 2021

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results. Representatives from MAM did not respond to a request for comment as of publication time.

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Sales Mortgages Branding Principal 378

Norada Real Estate

MAY 30, 2024

Homeownership is a cornerstone of the American dream, and in recent years, financial institutions have been developing programs to make this dream more accessible to a broader range of people. We investigate the possibility of low down payment options returning amidst high rates.

Mortgages 52

Mortgages Equity Banks Loans 52

Housing Wire

JULY 28, 2021

The number of HECMs in servicing portfolios has been trending downward, basically, ever since the 2017 principal limit factor (PLF) changes. This is according to John Lunde, president of Reverse Market Insight (RMI) during a presentation at the National Reverse Mortgage Lenders Association (NRMLA) Virtual Summer Meeting this month.

Mortgages 293

Mortgages Loans Equity Industrial 293

Housing Wire

JANUARY 7, 2021

The API is divided into two parts: a documentation page that provides all subscriptions available, business developments and event payloads and a “self-serve” dashboard that can be manipulated to clients preferences. Mortgage tech is already off to the races, with companies introducing new digital products early in 2021.

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Mortgages Lending Loans Investor 227

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Rob Nunziata, co-CEO and co-founder of FBC Mortgage For example, in a 2-1 buydown, the rate may start at 4.2% in year three.

Marketing 404

Marketing FHA loan Loans Mortgages 404

RIS Media

JUNE 10, 2021

The Brokerage Leadership Award recognizes a principal broker who exemplifies extraordinary leadership and whose achievements have drawn the attention and admiration of others. As representatives in the real estate industry, I believe we have an important role to play to move diversity, equity and inclusion forward.

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Equity Brokerage Principal Title 96