Housing Wire

JUNE 15, 2023

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. executive vice president of special servicing at Selene Finance , and executive vice president of Clayton Holdings, LLC. chief of staff at Impac Holdings Inc.

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Investor Due diligence Loans Banks 280

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. To date, LoanSnap has attracted about $53 million in venture capital investment.

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Due diligence Mortgages Equity Loans 433

Housing Wire

JUNE 28, 2023

This week, Fannie Mae published a new frequently asked questions (FAQ) document related to RefiNow, the refinancing product announced by the Federal Housing Finance Agency (FHFA) in 2021 that targets low-income borrowers with single-family mortgages backed by the government-sponsored enterprises (GSEs).

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Due diligence Loans Finance Mortgages 323

Housing Wire

OCTOBER 16, 2023

Vendors might not be as experienced with utilizing AI, so asking due diligence questions for for data security is also key, Joseph Zeibert, vice president of FICO , pointed out. Have we developed a model that is in fact fair? How do I start using it with other data sources we have? Millon said.

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Due diligence Lending Technology Mortgages 373

Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

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Due diligence Marketing Loans Mortgages 374

Housing Wire

SEPTEMBER 13, 2022

Fitch Group , the parent of bond-rating firm Fitch Ratings , is acquiring a majority ownership stake in capital-markets fintech company dv01 — which provides data and analytics services to the structured-finance market. Terms of the deal were not disclosed. The dv01 deal is the latest in a series of acquisitions by Fitch Group.

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Due diligence Marketing Finance Loans 295

Housing Wire

NOVEMBER 30, 2021

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And we’re actively hiring. Are we planning to double the size of the firm every two years?

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Due diligence Mortgages Loans Residential 334

Housing Wire

SEPTEMBER 6, 2022

Over the past year, the Federal Housing Finance Agency (FHFA) and government-sponsored entities (GSEs) Fannie Mae and Freddie Mac have committed to exploring innovative ways to expand homeownership access safely and securely. This charge couldn’t come at a better time. Utilizing ATP gives lenders the best of both worlds.

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Due diligence Banks Finance Technology 405

Housing Wire

AUGUST 14, 2023

“UBS was allegedly aware of these significant problems because it had conducted extensive due diligence on the underlying loans prior to the RMBS being issued to determine whether the loans were consistent with representations that would be made to investors. It acquired the rival this year for $3.4

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Due diligence Banks Loans Investor 298

Housing Wire

MARCH 28, 2024

The last time Fannie Mae engaged in significant risk taking, it helped implode the housing finance system and cost taxpayers over $200 plus billion in taxpayer dollars in the 2008. During a refinance , homeowners receive a new loan, and title insurance provides assurance that a lender’s investment is protected. million in claims.

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Title Due diligence Title search Industrial 396

HomeLight

JUNE 9, 2023

Believe it or not, there are actually home sellers who offer to loan buyers the money to purchase their property: it’s called owner financing. Learn More What is owner financing? With seller financing, the seller can lend the buyer the additional $40,000 needed to make up the difference. Step one: Talk to an expert!

Finance 80

Finance Earnest money deposit Lending Loans 80

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. This guide will navigate you through these complexities. Let's dig into what you should know.

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Land Due diligence Title search Finance 126

Housing Wire

APRIL 30, 2024

The truth is the cost of title insurance coverage has decreased nearly 8% over the last two decades due to innovation in the industry. During the refinance process, title insurance professionals would do their due diligence to disqualify any potential heirs who may attempt to claim the property down the road.

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Title Due diligence Title search Principal 335

Housing Wire

JULY 11, 2022

Mortgage services provider Evolve Mortgage Services announced Monday it has added Mark Calabria, the former director of the Federal Housing Finance Agency (FHFA), to its advisory board. Former federal officials with experience in mortgage finance frequently find so-called “ soft landings ” in the sector after leaving government.

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Mortgages Due diligence Finance Loans 342

Housing Wire

APRIL 30, 2021

This is further exacerbated by a broader origination landscape that forces lenders to cobble together technology, operational and financing solutions from a variety of players throughout the market to support the lending process from start through close.”. Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

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Due diligence Mortgages Technology Loans 301

Housing Wire

AUGUST 12, 2022

The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

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Loans Purchase and sale agreement Principal Due diligence 372

HomeLight

AUGUST 24, 2022

Looking to sell a house “as is” in Connecticut? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. However, selling a house “as is” usually means accepting a lower offer and it doesn’t always prevent buyers from trying to negotiate savings. Disclosures.

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As-is Inspection Investor Closing costs 92

Housing Wire

SEPTEMBER 29, 2023

There were no real surprises to be found in the transaction process that were not previously identified by prior due diligence conducted by Mr. Cooper, Bray added. This is according to Jay Bray, CEO of Mr. Cooper, in an interview on HousingWire’s Housing News podcast hosted by HW Media CEO Clayton Collins. “We’ve

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Due diligence Staging Loans Mortgages 330

Housing Wire

MAY 10, 2022

The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. In Hill’s case, he was sentenced this past January to two-and-a-half years in federal prison to be followed by three years of supervised release. For purchase-only loans, that ratio tightens to 1 in 90 loans. “It Million — [Tampa, Florida].

Mortgages 372

Mortgages Marketing Loans Finance 372

HomeLight

FEBRUARY 21, 2023

Looking to sell a house “as is” in Georgia? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Top-performing Georgia real estate agent Teresa Cowart works with 77% more single-family homes than the average agent in her Richmond Hill market.

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As-is Investor Inspection Closing costs 72

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . Even though J.P. It’s very hard to hack a blockchain.”. You don’t need it.”.

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Equity Due diligence Technology Investor 369

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

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Loans Purchase and sale agreement Due diligence Industrial 335

HomeLight

SEPTEMBER 21, 2023

These can include where you live, whether it’s a cash or mortgage-financed sale, and whether you’re working with a top real estate agent. Before the settlement — when you start signing documents — you’ll have to get through what’s called an “inspection period” or “due diligence period,” depending on where you live.

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Closing Due diligence Inspection Title 101

Realty Biz

JANUARY 25, 2023

Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence. By doing your research and due diligence, you will be better equipped to make an informed decision about whether to purchase a property and at what price.

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Due diligence Hard money loan Property Management Finance 94

Housing Wire

MAY 5, 2022

In the best-case scenario, the renter wants to buy the home, has a down payment, and qualifies for standard financing. If the renter doesn’t qualify for financing and/or doesn’t have a large down payment, you can offer seller financing. You can provide financing for a few years (you choose the terms).

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Due diligence Finance Principal Sales 340

Housing Wire

JANUARY 13, 2023

The third deal in motion, also backed in part by investment properties, is now undergoing due-diligence review. It is an estimated 470-loan securitization — with no value yet assigned in the due-diligence documents filed with the U.S. They include a $405.2 Approximately 36.8% Another of the planned offerings is a $485.9

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Marketing Investor Due diligence Loans 397

Housing Wire

DECEMBER 20, 2021

That’s why the company is concerned with the expanding conforming-loan limits set by the Federal Housing Finance Agency (FHFA), which oversees the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Redwood Trust Inc. What is the proper role of the government, backstopped by taxpayers, in the housing industry? “We

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Loans Due diligence Finance Mortgages 363

HomeLight

JUNE 23, 2022

In this guide, we’ll outline the scenarios where you’re vulnerable as a seller, where you’re in the right to claim the earnest money due to the buyer failing to uphold their end of the contract, and what things you can do to protect yourself against the risk of a buyer pulling out at the last moment. What is earnest money?

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 104

Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. We paid $222,000 for the home, with a $44,400 cash down payment (20%) and financing $177,600 for 30 years.

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Finance Due diligence Fixed-rate mortgage Lending 70

Realty Biz

MARCH 14, 2024

When you tap into the equity in your home, you can access funds and a lower interest rate compared to traditional financing forms. Some of the most common are: Real Estate Investments : Using a HELOC to fund the purchase of rental properties or to finance renovations can be a lucrative strategy, especially in a favorable real estate market.

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Due diligence Equity Investor Finance 95

HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

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Purchase and sale agreement Earnest money deposit Option period Due diligence 100

Housing Wire

NOVEMBER 22, 2023

And for some, it’s scary because they don’t like change, but I think not embracing it is where the true risk comes into play — for both an organization and the profession overall. It’s moving so much faster than ever before. And generative AI is probably the best example of that. SW: How is Class Valuation leveraging AI?

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Technology Due diligence Development Loan Officer 409

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Portico Direct explains that the whole process of financing real estate is often filled with frustration with all kinds of credit, income, and identity checks. Intermediaries.

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Technology Due diligence Title Marketing 145

Housing Wire

APRIL 8, 2022

That’s what it looks like to some of the experts behind the scenes who are responsible for rating and conducting due diligence on private label securities (PLS) offerings. With that said, the pace and volume of deals in the PLS market so far this year has still outstripped last year’s market performance over the same period.

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Marketing Due diligence Investor Loans 302

HomeLight

MAY 29, 2024

Do your due diligence When considering cash offers for your home, it’s important to conduct thorough research to confirm the legitimacy of the company or individual making the offer. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses.

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Proof of funds Sales Due diligence Investor 82

HomeLight

DECEMBER 12, 2023

A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. Get Started What is a mortgage contingency?

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Earnest money deposit Mortgages Purchase and sale agreement Finance 94

HomeLight

APRIL 29, 2022

Selling your Washington home “as is”? Whether you’ve got a fixer-upper or recently inherited a relative’s home, you’ve likely decided that the goal is to skip repairs, get a fair offer, and move on. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds. Disclosures.

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As-is Purchase and sale agreement Investor Inspection 67