Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 billion so far in 2022. billion, according to a presale report by Kroll Bond Rating Agency (KBRA).

Principal 400

Principal Loans Investor Mortgages 400

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Revenue decreased by 10% year over year to $1.34 Revenue was revised down to $241.20

Principal 329

Principal MLS Agents Brokerage 329

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 The KBRA report also mentions that the loan reference pool for the CRT offering has far more geographic diversity when compared with a typical prime-jumbo residential mortgage-backed securities offering.

Principal 330

Principal Fixed-rate mortgage Loans Residential 330

Housing Wire

MAY 1, 2023

The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank. JPMorgan also said that the FDIC would provide it with $50 billion in financing. billion in total assets and $103.9

Banks 305

Banks Commercial Loans Principal 305

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 billion so far in 2022. aged between six and 12 months.

Principal 324

Principal Loans Investor Mortgages 324

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 373

Mortgages Loans Residential Lending 373

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Land 290

Land Principal Residential Development 290

Housing Wire

SEPTEMBER 13, 2022

That compares with $101 billion in HELOC volume and $38 billion in closed-end home-equity originations over the same period this year, according to a new report by the Urban Institute’s Housing Finance Policy Center. recently rebranded as Rithm Capital ). One of those deals made its way to the market this year.

Equity 367

Equity Loans Residential Banks 367

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. billion in originations, up nearly 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF).

Investor 271

Investor Principal Loans Lending 271

Housing Wire

MARCH 23, 2022

The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortgage assets across multiple strategies,” according to a CarVal statement announcing the launch of the REMIC, which will do business as Mill City Loans.

Banks 349

Banks Bankruptcy Loans Investor 349

Realty Biz

FEBRUARY 10, 2021

Investors typically focus on either residential or commercial properties. At the same time, interest in residential properties has expanded as residents pursue larger houses and relocate to suburban and rural areas. . Residential Real Estate Investing. Residential properties are typically leased to families and individuals.

Commercial 115

Commercial Residential Investor Finance 115

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. Mortgage rates have nearly doubled to around 6.5% Kurt Carlton, President of New Western.

Mortgages 400

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 400

Housing Wire

JULY 27, 2023

High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. The combined impact of higher rates and higher home prices has driven the cost of financing the typical listed home up more than $250 or 12.4%

Construction 351

Construction Mortgages Sales Banks 351

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. That’s 20 basis points higher than the international standard.

Mortgages 317

Mortgages Banks Marketing Residential 317

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 352

Principal Banks Loans Lending 352

Housing Wire

DECEMBER 14, 2022

Mortgage rates are taking the Fed’s move as a clear indication that the pace of interest rate increases will be moderate, and the market is hopeful that any increases in 2023 will be in the more typical 25 basis point increments, Marty Green, principal at Polunsky Beitel Green , law firm for residential mortgage lenders, said.

Mortgages 410

Mortgages Residential Principal Lending 410

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. In contrast, when you do a cash-out refi, they’re committed to paying the new principal and interest balance for the duration of the mortgage — likely 15 or 30 years.

Equity 380

Equity Fixed-rate mortgage Principal Loans 380

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. In contrast, when they do a cash-out refi, they’re committed to paying the new principal and interest balance for the duration of the mortgage — likely 15 or 30 years.

Equity 373

Equity Fixed-rate mortgage Principal Mortgages 373

Housing Wire

OCTOBER 31, 2022

The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report. “The

Industrial 311

Industrial Mortgages Principal Loans 311

Housing Wire

DECEMBER 13, 2023

Net issuance in MBS represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. A recent report from real estate investment firm The Amherst Group forecasts that the combined net issuance of agency MBS is projected at $250 billion for 2023, compared with $530 billion last year.

Mortgages 326

Mortgages Marketing Banks Investor 326

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

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 396

Mortgages Banks Loans Industrial 396

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 438

Mortgages Loan Officer Loans Equity 438

Housing Wire

JANUARY 11, 2022

Investors receive principal and interest payments on the CRT notes they purchase, but if credit losses exceed a predefined threshold per the security issued, then investors are responsible for absorbing the losses exceeding that mark. The initial deal of 2022 is the start of what is expected to be a busy year For Fannie Mae on the CRT front.

Investor 336

Investor Loans Principal Mortgages 336

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 339

Loans Pre-approval Mortgages Principal 339

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.

Loans 316

Loans Investor Mortgages Principal 316

Housing Wire

FEBRUARY 8, 2022

Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. The option is limited to purchase transactions, secured by a one-unit principal residence with a loan-to-value ratio of no more than 90%. Scott Murphy, CEO of D.S.

Loans 363

Loans Principal Mortgages Industrial 363

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. Making the Transition From Residential Agent to Commercial Agent. OK, let’s start at the beginning: What Is a CCIM Designation?

Residential 103

Residential Design Agents Commercial 103

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 343

Purchase and sale agreement Marketing Equity Banks 343

Housing Wire

MARCH 17, 2022

Similarly, the Federal Housing Finance Agency ’s [FHFA’s] suspension of the cap on agency purchases of investment properties and second homes this past September has continued to create a drag on those deals flowing into the PLS market. Pelka agrees that the PLS market is under pressure. “In

Loans 284

Loans Marketing Due diligence Residential 284

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

Agents 366

Agents Construction Design Branding 366

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 298

Marketing Debt-to-income ratio Loans Mortgages 298

Housing Wire

JULY 28, 2022

While the options are more expensive and more costly to finance, the growing number (of home sales from a year ago) will help the real estate market rebalance, giving potential buyers a much-needed refresh,” Hale said. Since the Fed’s June interest rate increase of 75 bps, mortgage rates in recent weeks crept closer to 5.5%.

Marketing 300

Marketing Loan Officer Mortgages Lending 300

Housing Wire

JUNE 1, 2023

A recent report by Kroll Bond Rating Agency (KBRA) shows that issuance of private-label prime, nonprime and credit-risk transfer residential mortgage-backed securities (known as RMBS 2.0) Net issuance in MBS represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments.

Mortgages 331

Mortgages Loans Loan Officer Investor 331

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%

Equity 242

Equity Short sale Principal Loans 242

Housing Wire

AUGUST 29, 2022

“I don’t have on my board my goal is to be the No. 2 overall lender, it’s to be No. 1 and we’re going to do that,” Ishbia told HousingWire in 2021. After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. Multibillion dollar investment.

Equity 402

Equity Loan Officer Loans Mortgages 402

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Industrial 396

Industrial Title Commercial Banks 396