Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Principal among these are: Invested capital “requires” the highest return. exceeds $1.5

Finance 357

Finance Principal Residential Development 357

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 428

Finance Seller concession Loan Officer Loans 428

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.

Loans 360

Loans FHA loan Principal Marketing 360

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.

Principal 86

Principal Development Brokerage Residential 86

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.

Purchase and sale agreement 352

Purchase and sale agreement Marketing Equity Banks 352

Realty Biz

SEPTEMBER 25, 2021

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity increases in two ways.

Equity 91

Equity Loans Bankruptcy Mortgages 91

Realty Biz

MAY 25, 2022

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are not the same thing. In general, a home equity loan is a better financial tool for most consumers. Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. Especially a HELOC. This is seldom a good idea.

Equity 79

Equity Loans Principal Finance 79

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co.

Mortgages 406

Mortgages Banks Loans Industrial 406

Keeping Current Matters

JANUARY 13, 2021

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% What are the experts saying?

Equity 244

Equity Short sale Principal Loans 244

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. Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” ” . “And Who is number 13?”

Marketing 366

Marketing Lending Loans Principal 366

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.”.

Marketing 360

Marketing Principal Banks Loans 360

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl!

Sales 513

Sales Mortgages Principal Short sale 513

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.

Marketing 361

Marketing Banks Mortgages Investor 361

Housing Wire

JULY 7, 2021

The sale is expected to reduce Mr. Cooper’s overall servicing portfolio by $16 billion in unpaid principal balance (UPB), and will also decrease its balance sheet by approximately $5 billion in Home Equity Conversion Mortgage (HECM) servicing rights (MSRs) and other unspecified assets. The buyer , recent history in reverse.

Sales 386

Sales Mortgages Branding Principal 386

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home. But CAR, which supported the measure with $35.7

VA loan 314

VA loan Principal Equity Residential 314

Housing Wire

FEBRUARY 8, 2022

But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. Larry Goldstone is tired of being ghosted. He is used to it by now, but the problem has only gotten worse since the beginning of the COVID-19 pandemic. We service their loans.

Loans 349

Loans Pre-approval Mortgages Principal 349

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 KBRA seems to think so as well. KBRA seems to think so as well. billion. “Non-conforming

Marketing 311

Marketing Debt-to-income ratio Loans Mortgages 311

Realty Biz

JANUARY 12, 2022

When you reduce the principal owed, less of your payment goes towards interest, and more goes towards reducing the loan balance. Or have more equity in the home when you sell it. The bottom line is that gaining a few hundred dollars of equity isn’t going to make much difference when you buy your next home.

Mortgages 111

Mortgages Principal Equity Loans 111

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. This latest round also marks Orchard’s second capital raise in the past year. So, why the raise?

Title 236

Title Branding Principal Loans 236

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!

VA loan 85

VA loan Principal Development Title 85

Housing Wire

JANUARY 25, 2023

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% Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. of the entire $8.4

Banks 330

Banks Loans Mortgages Sales 330

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Following an announcement that the U.S.

VA loan 374

VA loan Principal Loans New Construction 374

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!

VA loan 52

VA loan Principal Development Title 52

Housing Wire

DECEMBER 11, 2023

We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We There’s been increased activity in the last two weeks [more] than the last two months. When interest rates hovered around 8%, it really hurt affordability,” Steinway said.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

Realty Biz

APRIL 8, 2021

You must have equity in your home to be able to refinance the mortgage. Most lenders will not approve you for a mortgage refinance until you have at least 20% equity in your home. Fortunately, due to steadily rising home values, almost all homeowners have seen their equity increase in meaningful amounts over the past few years.

Closing costs 65

Closing costs Equity Loans Principal 65

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It There’s still going to be a lag.

Mortgages 440

Mortgages Loan Officer Loans Equity 440

Housing Wire

MARCH 19, 2024

has been in business for more than 50 years and offers regulatory compliant default, rental and real estate-owned (REO) residential and commercial property preservation services. It also says that Five Brothers will be integrated into MCS to offer property preservation, maintenance and renovation services.

Mortgages 356

Mortgages Principal Commercial Real-estate owned 356

RIS Media

NOVEMBER 19, 2020

A broker associate at Dave Perry-Miller & Associates in Dallas, Rouda Smith specializes in residential and ranch and country real estate alongside her husband, Brian, and their children, all of whom are REALTORS®. He has been a REALTOR® for 22 years and is broker/owner of Equity Real Estate Utah.

Commercial 64

Commercial Residential Principal Equity 64

Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year. recently rebranded as Rithm Capital ). One of those deals made its way to the market this year.

Equity 369

Equity Loans Residential Banks 369

McKissock

NOVEMBER 23, 2021

That’s why we’ve teamed up with RISMedia , the leading provider of the most relevant and up-to-date information related to the residential real estate market. In this piece, Ron Phipps, REALTOR and principal broker of Phipps Realty in Rhode Island, explains that “small business has a significant impact on real estate. Industry News.

Inspection 52

Inspection Principal Equity Agents 52

Housing Wire

JULY 28, 2023

billion of single-family residential loans at a discount, according to the outlet. Banc of California and PacWest announced on Tuesday an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners to create a bank with $36 billion in assets. The bank entered into an agreement to buy $1.8

Purchase and sale agreement 351

Purchase and sale agreement Mortgages Banks Principal 351

Housing Wire

MAY 16, 2022

UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. million), nonbank mortgage lender and servicer New Residential Investment Corp. ($690

Principal 362

Principal Banks Loans Lending 362

Realty Biz

FEBRUARY 17, 2022

Today’s skyrocketing home values have resulted in 42% of homeowners with mortgages being “Equity Rich” at the end of 2021 (according to Attom real estate data). In total, that is an incredible amount of equity wealth. trillion in available equity, which is a 35% jump in a single year. How Equity Wealth is Created.

Equity 85

Equity Principal Loans Mortgages 85

Housing Wire

FEBRUARY 8, 2023

. “Capital Markets essentially shut down during different periods, but we managed to grow or book value by 5% during 2022 to generate a good return on equity of 15%.” The company reduced its expenses, dramatically cutting its workforce by 56%, to deal with a shrinking mortgage market. The stabilized occupancy was 93%.

Equity 312

Equity Principal Mortgages Loans 312

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%. million, including $216.2

Equity 403

Equity Loan Officer Loans Mortgages 403

Keeping Current Matters

MAY 20, 2021

The level of equity homeowners have is at an all-time high. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. Home Equity Report from ATTOM Data Solutions : “17.8 According to the U.S. That was up from 30.2

Equity 261

Equity Principal Fixed-rate mortgage Loans 261

Housing Wire

MARCH 20, 2023

Historic housing shortage The unprecedented rate hikes over the past 12 months have exacerbated a historic housing shortage while destabilizing the residential mortgage market. Today, refinances (including cash-out home equity loans) have slowed to a 22-year low of approximately 10% of current loans originated. trillion in 2023.

Banks 368

Banks Mortgages Fixed-rate mortgage Loans 368