Housing Wire

JANUARY 12, 2024

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. accounts for approximately 23%. Every year, transaction volume in the U.S. exceeds $1.5 Of these, category 2 is the most established. Category 1 is a different beast.

Finance 421

Finance Principal Residential Development 421

Housing Wire

FEBRUARY 17, 2021

But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company. In exchange, @Properties is offering its marketing department, their proprietary technology @platform, and potential financial assistance in a firm’s expansion. billion in 2019 sales, according to RealTrends.

Brokerage 397

Brokerage Principal Technology Equity 397

Housing Wire

AUGUST 26, 2022

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Equity can be used for any number of purposes, including home improvements. Equity can be used for any number of purposes, including home improvements. Lee Smith: Definitely. Non-QM products are more expansive.

Mortgages 370

Mortgages VA loan Loans Technology 370

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 397

Sales Mortgages Loan Officer Principal 397

Housing Wire

MARCH 12, 2024

The reduction was impacted by its exit of the wholesale channel in 2022, and it was partially offset by growth in servicing income and home equity lines of credit (HELOCs), as well as higher margins. loanDepot’s unpaid principal balance in its servicing portfolio increased to $145 billion as of Dec. billion in 2023. billion to $5.5

Principal 421

Principal Mortgages Equity Technology 421

Housing Wire

OCTOBER 26, 2021

million in equity and $24 million in debt – valued the company at $450 million. Tom Richardson, head of strategic capital principal technology investments at Wells Fargo Strategic Capital, said in a statement that the capital “will help them achieve their business goals and continue to expand their product offering.”.

Mortgages 384

Mortgages Principal Loans Investor 384

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 370

Principal Loans Technology Mortgages 370

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams.

Investor 381

Investor Sales Mortgages Loan Officer 381

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

MARCH 2, 2021

The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. million in 2021.

Title 424

Title Equity Principal Branding 424

Housing Wire

JANUARY 5, 2022

billion in unpaid principal balance (UPB). This transaction will facilitate AAG making disciplined investments into the core of our business, namely: technology, expansion of key initiatives, and the customer experience, as our customers are the heart and soul of what drives us at AAG,” he said.

Mortgages 397

Mortgages Principal Loans Industrial 397

Housing Wire

FEBRUARY 10, 2023

The performance was impacted by a mark-to-market of $58 million, adjustments related to severance and property consolidation of $23 million, and equity investment losses of $10 million. trillion in unpaid principal balance (UPB) that needs to be sold in the market. The estimate is for $3.9 trillion from 2023 to 2025.

Principal 369

Principal Mortgages Lending Equity 369

Housing Wire

MAY 5, 2021

The decline in profit during the first quarter came partly as a result of the lender’s IPO, which resulted in $59 million in stock grants to its private equity backers and leadership. The unpaid principal balance of our servicing portfolio increased by 26% to $129.7 Closed loan volume in the first quarter increased to $41.5

Marketing 383

Marketing Principal Technology Loans 383

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. ” . “And

Marketing 421

Marketing Lending Loans Principal 421

Housing Wire

OCTOBER 28, 2020

CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms. After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In Presented by: Sutherland.

Investor 353

Investor Principal Equity Technology 353

Housing Wire

JANUARY 13, 2021

Since the CARES Act was signed into law, homeowners across the U.S. have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 million borrowers had been, or still were, on a COVID-19-related forbearance plan, either through the CARES Act or another program. At the onset of the COVID-19 crisis in the U.S.,

Mortgages 466

Mortgages Investor Loans Technology 466

Housing Wire

JUNE 15, 2022

. “Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

Mortgages 384

Mortgages Loans Investor Equity 384

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 351

Title Branding Principal Loans 351

Realty Biz

MAY 21, 2021

The Journal reported that pension funds and private equity firms have been busy, spending record sums on office buildings and hotels too as they expect more people to start traveling again in the near future. The Dallas-based travel technology firm Sabre Corp. The Dallas-based travel technology firm Sabre Corp.

Commercial 113

Commercial Investor Equity Principal 113

Housing Wire

JULY 22, 2022

recalled Keith Lind, CEO of Acra Lending, a leading non-QM lender. “…If lenders didn’t take rates up fast enough, or they didn’t liquidate their positions fast enough, there’s going to be warehouse facilities where the loans [made to lenders] are worth less than the equity [skin in the game] that the originator posted.

Lending 384

Lending Banks Bankruptcy Loans 384

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce. What’s going on with the VA? Sign up now.

VA loan 85

VA loan Principal Development Title 85

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.

Equity 395

Equity Lending Principal Technology 395

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 420

Mortgages Marketing Equity Finance 420

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 458

Mortgages Fixed-rate mortgage Equity Loans 458

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce. What’s going on with the VA? View Pro-Series webinars.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

DECEMBER 29, 2023

Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support. After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over.

Mortgages 450

Mortgages Loan Officer Loans Equity 450

Housing Wire

MARCH 19, 2024

Five Brothers expressed enthusiasm “to be joining forces with MCS to continue providing necessary and valuable nationwide field services, advanced technologies and unrivaled reverse/Home Equity Conversion Mortgage (HECM) expertise to its clients,” president and CEO Nickalene Badalamenti-Kalas said in a statement. “We

Mortgages 421

Mortgages Principal Commercial Real-estate owned 421

HomeLight

OCTOBER 24, 2023

That reminds us… Have you checked your home equity lately? But in San Jose, the home of 6,600 technology companies , you’ll need to level up your online marketing and use technology to make a statement. Need to sell your home fast in San Jose, California? It’s likely a great time to cash out and reinvest.

Staging 111

Staging Renovation Agents As-is 111

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Realtor.com

NOVEMBER 23, 2021

“These regions have two big advantages: The weather is relatively warm, and housing is more affordable, says Guy Berger , principal economist at LinkedIn. .” Workers all over the country—whether burned out, fed up, or just experiencing serious post-pandemic wanderlust—have decided now’s the time to finally call it quits.

Industrial 135

Industrial Equity As-is Principal 135

Housing Wire

FEBRUARY 9, 2024

trillion of unpaid principal balance (UPB) in mortgage servicing rights (MSR) by the end of March, a target announced in July 2021 when the portfolio was at $650 billion. You have to build and invest in technology. Dallas-based Mr. Cooper is expected to reach $1.1 It ’s a scale business. The key for us is sustainability.

Loans 410

Loans Principal Equity Banks 410

Realty Biz

MARCH 21, 2022

With just one week of inventory, an uptick in seasonal activity is not possible here in Portland,” said Danielle Bade, principal broker and vice president , Better Homes and Gardens Real Estate Realty Partners & Better Homes and Gardens Real Estate Northwest Living. Brokers are seeing some traces of seasonality, but it’s not full-blown.

Principal 76

Principal Branding Inspection As-is 76

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%.

Equity 410

Equity Loan Officer Loans Mortgages 410

Housing Wire

NOVEMBER 16, 2022

David Hrobon, a principal with the Colorado-based mortgage advisory firm the Stratmor Group , in a recent report projected that some 50 merger or acquisition deals will be announced or closed by year’s end, which is 50% more transactions than in 2018 — the prior high-water mark for lender consolidations over the past three decades.

Banks 410

Banks Mortgages Loan Officer Due diligence 410

Real Trends

MAY 13, 2022

In February, Lyndsi Sitcov updated her Instagram feed with a carousel of photos that showed her smiling and enjoying drinks and sunshine in Miami. The posts seem innocuous. Sitcov and colleagues vogue for the camera on a tropical getaway amid the depths of winter. He thinks they may have broken federal law. What rule would this be?

Title 75

Title Brokerage Agents Mortgages 75

Housing Wire

JANUARY 7, 2021

Webhooks take automation one step further and deliver up-to-date, relevant details directly to the user,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. Mortgage tech is already off to the races, with companies introducing new digital products early in 2021.

Mortgages 334

Mortgages Lending Loans Investor 334

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.,

Principal 384

Principal Loans Equity Mortgages 384