Housing Wire

JULY 7, 2021

Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing.

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Sales Mortgages Branding Principal 387

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.

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Equity Mortgages Banks Commercial 309

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.

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Principal Development Brokerage Residential 86

Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 billion in assets, has a diverse portfolio of residential and commercial real estate assets. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 WMC, with some $2.8

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Marketing Bankruptcy Loans Principal 367

Housing Wire

JANUARY 17, 2024

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

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Finance Seller concession Loan Officer Loans 429

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.”. Existing home sales declined for seven consecutive months in August, declining 0.4% year-over-year.

Mortgages 407

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 407

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

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Residential Principal Loans Mortgages 306

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.

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Mortgages Residential Principal Lending 413

Housing Wire

MARCH 22, 2023

The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. After dropping for 12 months, existing home sales rebounded in February, climbing 14.5% The national median existing-home sale price fell 0.2% As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.”

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Industrial Mortgages Purchase and sale agreement Banks 372

Housing Wire

MARCH 10, 2022

The gain-on-sale margin on originations declined from 5% in 2020 to 4.02% in 2021, but at the end of the fourth quarter, it had fallen to 3.47%, generally consistent with industry trends. The company’s unpaid principal balance increased 18% last year to $70.9 of the total. In the fourth quarter, volume checked in at $8.8

Marketing 374

Marketing Loans Principal Mortgages 374

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 361

Marketing Principal Banks Loans 361

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

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Industrial Mortgages Principal Loans 326

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals. So let your personality shine.

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Agents Construction Design Branding 378

Housing Wire

FEBRUARY 14, 2024

In the article, Moody’s said they anticipate an increase in MSR sales in 2024, which will result in a short-term gain in liquidity at the expense of a weaker franchise in the future. Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. Why should lenders retain servicing?

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Investor Loans Mortgages Principal 316

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. Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. ” Executives refute this explanation.

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Marketing Lending Loans Principal 367

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. The consumer-price index rose 8.6% A less volatile market?

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

DECEMBER 22, 2023

Thus, while we think home sales will start to rise over the new year, the combination of modest increases in home prices and still-elevated interest rates suggest a slow pace of recovery from previously recessionary levels of housing activity.” said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

Mortgages 407

Mortgages Banks Loans Industrial 407

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said.

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Purchase and sale agreement Marketing Equity Banks 353

Toronto Realty Blog

MARCH 13, 2023

Friend of Kate Rambeau, nemesis of Principal Togar, and Ramones super-fan. I don’t see Riff Randell in the line outside, but nevertheless… That’s the night before the sales centre opened. Then again, maybe you just do it yourself? The “OG” in this regard is none other than Riff Randell. Riff Randell.

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Sales Principal Development Construction 87

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 349

Marketing Staging Loans Principal 349

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. 2 in sales volume among all brokerages, trailing only Realogy, according to RealTrends data released last week.

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Brokerage Principal Loans Branding 305

Housing Wire

MARCH 26, 2021

“It’s one of the hottest cities to move to in northern New England,” said Dava Davin, a principal broker at Portside Real Estate Group in Portland. With demand that high, homes for sale are going under contract 24 to 36 hours after they are put on the market. But the actual sales prices are much higher — up 31.4%

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Marketing Land Principal Sales 455

Housing Wire

DECEMBER 13, 2023

Those figures reflect a substantial reduction in new and existing-home sales and refinancing as interest rates ballooned past 7% over the period, driven by the Federal Reserve’s aggressive monetary-tightening policy. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

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Mortgages Marketing Banks Investor 341

Housing Wire

FEBRUARY 7, 2023

Assumable mortgages enable the value of the mortgage savings to be partially capitalized into the home’s sales price, allowing the owner-occupant to outbid even a cash investor. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.

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FHA loan Mortgages Loan Officer VA loan 370

Housing Wire

MARCH 1, 2023

That reflects a substantial reduction in new and existing-home sales and refinancing. Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. to 4.75% range, up from 0.25% a year ago. trillion MBS portfolio as the securities mature or prepay.

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Marketing Banks Mortgages Investor 362

Housing Wire

JULY 28, 2022

Still, mortgage rates are significantly higher now compared to one year ago, which is why home sales have been falling.”. Sales of newly built homes fell more than 8% in June from the prior month and were 17% lower than June 2021, according to the U.S. in mid-June,” Yun added. “It to 6% for the remainder of the year,” Yun said.

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Marketing Loan Officer Mortgages Lending 301

Housing Wire

AUGUST 17, 2023

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. Create a list of vendors and products you’re using, monthly costs and other pertinent details like the sales rep, website and contract terms.

Technology 268

Technology Principal Brokerage Agents 268

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?

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Residential Design Construction Land 65

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% Bottom Line.

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Equity Short sale Principal Loans 244

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 102

Residential Design Agents Commercial 102

Housing Wire

FEBRUARY 28, 2023

According to Warren Kornfeld, an analyst at Moody’s Investors Services , Rocket’s fourth quarter loss was largely driven by still elevated operating expenses and low gain-on-sale margins, which came in at just 217 basis points. The unpaid principal balance in its servicing book rose to $535 billion as of Dec. billion originated in Q3.

Mortgages 370

Mortgages Principal Title As-is 370

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Is this the classic case of trying to sell a $20-bill for $25?

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Construction Sales Purchase and sale agreement Development 74

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

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Short sale Sales Banks Principal 52

Housing Wire

JANUARY 25, 2023

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. 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%

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Banks Loans Mortgages Sales 332

Housing Wire

FEBRUARY 8, 2022

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%. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Scott Murphy, CEO of D.S.

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Loans Principal Mortgages Industrial 367

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

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Loans Marketing Due diligence Residential 293

Realty Biz

FEBRUARY 6, 2023

These are financial investment products on commercial properties, as opposed to residential realty. Once the bank then receives profits from the bond sales, a servicing manager then takes control of the bonds. The loans work as a type of collateral, with interest and principal being passed to investors in case of a default.

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Commercial Principal Investor Banks 83