Housing Wire

NOVEMBER 7, 2023

We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We GLG is also part of a larger Keller Williams Realty franchise group of residential real estate brokerages located in Georgia. It placed No.

Mortgages 410

Mortgages Principal Brokerage Lending 410

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB became a large residential mortgage servicer after the acquisition of Flagstar.

Equity 347

Equity Mortgages Banks Commercial 347

Housing Wire

JULY 18, 2023

Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. Rizo is coming to The Agency from Douglas Elliman.

Agents 368

Agents Loan Officer Principal Brokerage 368

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 395

Finance Principal Residential Development 395

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

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 390

Sales Mortgages Principal Equity 390

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 388

Loans FHA loan Principal Marketing 388

Sotheby's International Real Estate

AUGUST 24, 2020

The Principality of Andorra | Andreu Cañadas , Andorra Sotheby’s International Realty. Located in the incomparable natural setting of Sant Miquel d’Engolasters, this exclusive 13-penthouse-unit new development named ESCALA defines the discreet luxury lifestyle in the Principality of Andorra.

Principal 64

Principal Development Commercial Construction 64

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 379

Banks Bankruptcy Loans Investor 379

Housing Wire

AUGUST 9, 2022

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. million loss in the first quarter. WMC, with some $2.8

Marketing 391

Marketing Bankruptcy Loans Principal 391

Housing Wire

DECEMBER 21, 2022

In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. “In Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. yearly drop.

Sales 377

Sales Mortgages Principal Days on market 377

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter. funded $26.9

Residential 338

Residential Principal Loans Mortgages 338

Housing Wire

OCTOBER 8, 2021

The private-label residential mortgage-backed securities market has been resurrected from its near-death following the global financial crisis a decade and a half ago. This year it is on track to securitize loan volume approaching or even exceeding $100 billion, and driving a healthy share of that secondary market business is J.P.

Principal 321

Principal Banks Loans Residential 321

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. Nomura Securities International Inc. served as the sole structuring agent of the securitization.

Investor 317

Investor Principal Loans Lending 317

Housing Wire

NOVEMBER 24, 2020

Homesnap has great relationships, data , software, and tools for residential real estate professionals that are complementary to our existing offerings ,” Florance said. Principal Broker and CEO of Urban District Realty Ryan Fiero said that demand for the product led to the decision to make PROJETO available to more in the industry.

Principal 432

Principal Residential Commercial Development 432

Housing Wire

MARCH 21, 2022

When a loan is offered to buy land that will not be used to build a covered residential framework, RESPA doesn’t have to look into the loan. While RESPA does not apply to a loan to an individual entity, it applies in the case of one to four residential unit rental properties. Construction-only loans. Loan for vacant land.

Agents 339

Agents VA loan Land Construction 339

Housing Wire

OCTOBER 18, 2022

The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in the secondary market. Representatives for FirstFunding and Sprout did not return requests for comments. The total value was $1.2

Loans 382

Loans Principal Mortgages Lending 382

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity.

Investor 370

Investor Renovation Principal Loans 370

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 356

Mortgages Banks Marketing Residential 356

Housing Wire

FEBRUARY 14, 2024

For example, using the API with FICS ’ mortgage servicing software Mortgage Servicer , lenders can maximize their capabilities, ensuring a user-friendly solution for servicers that automates residential servicing operations. Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board.

Investor 355

Investor Loans Mortgages Principal 355

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. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 454

Finance Seller concession Loan Officer Loans 454

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 421

Mortgages Residential Principal Lending 421

Housing Wire

FEBRUARY 2, 2023

However, the company was able to report a profit in an extremely difficult operating environment for residential mortgage originators in addition to seasonally low purchase origination volumes in Q4.” “Pennymac’s decline in profitability from Q3 2022 is credit negative,” Warren Kornfeld, Moody ’s senior vice president, said.

Marketing 330

Marketing Banks Principal Loans 330

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 420

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 420

Housing Wire

MARCH 10, 2022

The company’s unpaid principal balance increased 18% last year to $70.9 In May, Guild announced the acquisition of Maine-headquartered retail lender Residential Mortgage Services Holdings for $196.7 California-based Guild Mortgage can be added to the growing list of lenders with waning profitability.

Marketing 401

Marketing Loans Principal Mortgages 401

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 358

Industrial Mortgages Principal Loans 358

Housing Wire

MARCH 22, 2023

“The volatility can be pinned on uncertainty about the stability of the banking system and the course of the Federal Reserve’s inflation-fighting campaign,” Holden Lewis, home and mortgage expert at NerdWallet , said. “As As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” In addition, U.S.

Industrial 393

Industrial Mortgages Purchase and sale agreement Banks 393

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 384

Equity Fixed-rate mortgage Principal Loans 384

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 396

Equity Fixed-rate mortgage Principal Mortgages 396

Housing Wire

FEBRUARY 17, 2022

The most recent RMBS Credit Indices report from the Kroll Bond Rating Agency (KBRA) shows that loan pools supporting outstanding private-label residential mortgage-backed securities issuances overall are performing relatively well to date in both the prime and nonprime markets. as of January of this year. in mid-2020 to 0.9% as of last month.

Marketing 365

Marketing Staging Loans Principal 365

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. at close of the New York Stock Exchange on Thursday. The New York City-headquartered company began offering shares Thursday morning.

Brokerage 343

Brokerage Principal Loans Branding 343

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 379

Marketing Principal Banks Loans 379

Redfin

AUGUST 29, 2023

In the realm of residential architecture, where dreams and blueprints merge to create the very spaces we call home, the choice of an architect is a significant decision. Your home, after all, is not just a structure, it’s a canvas upon which your life’s story unfolds. Does the architect offer a pre-design analysis service?

Residential 67

Residential Design Construction Land 67

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. ” 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. Who is number 13?”

Marketing 402

Marketing Lending Loans Principal 402

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 104

Residential Design Agents Commercial 104

Housing Wire

AUGUST 15, 2022

billion this year based on the principal amount of the total line of credit, according to the bank’s second-quarter 2022 earnings report. HELOCs allow homeowners to tap the equity in their home without incurring a much higher first-lien mortgage via a cash-out refinancing. billion in 2021 to $4.6

Equity 431

Equity Lending Fixed-rate mortgage Loans 431

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 526

Sales Mortgages Principal Short sale 526