Housing Wire

SEPTEMBER 13, 2023

The trade group received a $500,000 “Pathway to Success” grant from the Appraisal Foundation to assist with the development of the “Practical Applications of Real Estate Appraisal” program. The trade group’s prior CEO, Jim Amorin, announced his resignation in November and his five-year term ended in February.

Land 379

Land Design Development As-is 379

Housing Wire

APRIL 5, 2023

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026. The company turned its 2021 profits of $555.5 million into a $475.8

Mortgages 345

Mortgages Development Industrial Lending 345

Housing Wire

NOVEMBER 1, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% Despite a surge in hiring in September and higher inflation monthly readings in August and September , financial conditions have tightened as Treasury yields increase. for a third time this year.

Mortgages 420

Mortgages Finance Banks Investor 420

Housing Wire

AUGUST 3, 2023

Black Knight reported slimmer profits and slowing organic growth in the second quarter, largely due to weaker mortgage volume from clients as well as near-term effects from the proposed merger deal with Intercontinental Exchange (ICE). The company’s profit dropped 61% quarter over quarter to $55.3 million in Q2 2023. million in Q1 2023.

Bankruptcy 362

Bankruptcy Mortgages Development Loans 362

Housing Wire

SEPTEMBER 7, 2022

We are continually enhancing and updating our Smart Series products to ensure we are providing competitive non-QM financing options for our clients in current market conditions,” said Jeff Gravelle, co-head of production at NewRez, in a statement. “We It also slows the amount of equity borrowers have in the property.).

Mortgages 441

Mortgages Loans Equity Finance 441

Housing Wire

JULY 28, 2023

Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We billion and $138.5 million in net income.

Title 348

Title Commercial Residential Investor 348

Housing Wire

APRIL 27, 2023

For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4 For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4 Despite his firm’s struggles, DeGiorgio has found reasons for optimism, including the launch of Endpoint ’s mobile notary platform and developments on the instant title front.

Title 381

Title Marketing Commercial Investor 381

Realty Biz

JANUARY 10, 2022

Many more people live in the surrounding area on acreage or at least large lots that have been individually developed. We think there might be good money to be made by developing the acreage into a residential development with large lots (1/2 acre each). How do real estate developers make money? Thanks in advance.

Development 118

Development Land Due diligence Investor 118

Housing Wire

JUNE 21, 2023

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. The Consumer Financial Protection Bureau (CFPB) has 11 different items in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, released last week by the White House.

Staging 355

Staging Finance Lending Development 355

Housing Wire

MAY 11, 2021

Two of the key components are quality and condition. For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Difficult, But Not Impossible. Realtor Comments Hold Vital Info.

MLS 382

MLS Inspection Renovation Residential 382

Housing Wire

JULY 28, 2022

The new rule guidance is designed to expand the supply of affordable housing by making it easier to develop, repair or operate affordable housing. billion for affordable-housing development and preservation. billion for affordable-housing development and preservation.

Development 381

Development Finance Loans Construction 381

Housing Wire

MAY 1, 2023

What lies behind the curve flattening seems to be the FHFA’s view on the long-term performance of mortgages. As the FHFA pointed out, the current grids were developed some time ago and might reflect mortgage performance from a less benign economic environment than today. 80% LTVs (no mortgage insurance required) and 80.01-85%

Mortgages 409

Mortgages Commercial Development Loans 409

Housing Wire

MARCH 22, 2023

Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike.

Banks 408

Banks Lending Mortgages Commercial 408

Housing Wire

NOVEMBER 30, 2020

Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. According to Yun, median home prices are rising “ much too fast ” and that transforming raw land into developable lots and new supply are clearly needed to help tame the home-price growth.

Sales 534

Sales Development Equity Land 534

Realty Biz

APRIL 5, 2023

Choosing Green Real Estate: A Smart Move for Buyers Investing in sustainable real estate is a smart move for any citizen looking to reduce their environmental impact, while also reaping long-term benefits. It refers to optimized housing designed to disturb nature as little as possible and have a negligible environmental impact.

Development 66

Development Technology Construction Design 66

Housing Wire

DECEMBER 15, 2021

The product is currently offered with a two-year term, with the possibility to be renewed. The product is currently offered with a two-year term, with the possibility to be renewed. Rates will depend on market conditions, but the inclusion of the collateral can reduce costs, the company explains on the website.

Mortgages 421

Mortgages Lending Banks Investor 421

Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs.

Mortgages 396

Mortgages Marketing Title Banks 396

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? Just because there’s vacant homes in the U.S.

Renovation 466

Renovation Sales Investor Mortgages 466

Housing Wire

MAY 24, 2021

The ability to look past the now and develop strategies that poise an organization for future success is key to any leadership position in almost any business. It’s true for the mortgage industry and especially the long-term strategies we’ve developed to react to the current low-rate environment brought on by a global pandemic.

Industrial 215

Industrial Mortgages Banks Lending 215

Housing Wire

OCTOBER 26, 2020

In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions. “We The focus on long-term relationships is key. When you purchase 20,000 loans or more per month, every second matters!”.

Technology 383

Technology Loans Lending Industrial 383

Housing Wire

JANUARY 27, 2023

But while these guidelines are intended to help limit high rent increases, organizers with People’s Action told the Washington Post that the policies are unlikely to “change tenants’ lives materially today” due to a lack of binding conditions on matters like federal financing.

Finance 409

Finance Development Inspection Mortgages 409

Housing Wire

SEPTEMBER 27, 2022

In the most recent FOMC meeting , held last week, Powell finally clarified what he meant by that term and what a housing reset means to the Fed. Savagely unhealthy is no longer just a term for the U.S. However, a housing reset isn’t the only pressing issue — we now also have to think about a worldwide global recession.

Banks 473

Banks Construction As-is Marketing 473

Housing Wire

APRIL 28, 2022

We, like other companies in our industry, are temporarily adjusting staffing levels to accommodate rapidly changing marketplace conditions and business needs.”. In January, president and CEO Bill Cosgrove, an avid golfer, announced the acquisition of the Medina Country Club – the terms of the transaction were not disclosed. “I

Mortgages 357

Mortgages Loan Officer Residential Loans 357

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

VA loan 397

VA loan Agents Pre-approval Debt-to-income ratio 397

Housing Wire

FEBRUARY 28, 2022

The company has shown steady growth since it was founded in 2008 and demonstrated profitability across varying market conditions, rising to become the nation’s top correspondent investor and the No. 2022 still holds great opportunity for the industry but it also signals a pivot point. 6 wholesale lender. 6 wholesale lender.

Technology 382

Technology Loans Loan Officer Branding 382

Housing Wire

JANUARY 24, 2023

Department of Housing and Urban Development (HUD). “The program raises the potential for violations,” said Troy Garris, co-managing partner at Garris Horn LLP. These areas of compliance fall under the umbrella of regulators such as the Consumer Financial Protection Bureau (CFPB) and the U.S. But nothing is risk-free.”

Lending 369

Lending Loans Mortgages Loan Officer 369

Housing Wire

SEPTEMBER 2, 2022

In addition, the ETF invests in MBS backed by loan pools sourced from non-traditional loan originators, including Community Development Financial Institutions and minority-owned banks. Among Impact Shares’ partners are the NAACP, the YWCA , the United Nations Capital Development Fund and more, according to Owens.

Closing 455

Closing Marketing Investor Banks 455

Housing Wire

NOVEMBER 15, 2021

At the end of fiscal 2021, the Home Equity Conversion Mortgage (HECM) cash flow net present value, a measure reported to Congress by the Department of Housing and Urban Development (HUD) and endorsed by actuarial firm Pinnacle Actuarial Resources, was estimated to be $390 million. Its economic net worth value sits at approximately $3.8

Mortgages 373

Mortgages Equity Finance Development 373

Realty Biz

DECEMBER 15, 2023

Choosing the right investment property ensures long-term profitability and minimizes risks. Investing in a well-located property sets a solid foundation for long-term value and demand. Property Condition And Repairs Assessing the property's condition is fundamental to the due diligence process.

Due diligence 98

Due diligence Property Management Investor Finance 98

Housing Wire

DECEMBER 16, 2021

HousingWire interviewed over a dozen former employees at Interfirst, who provide a portrait of a disorganized company with unclear long-term plans, a tech stack that hasn’t lived up to its billing, and an inexperienced staff not prepared to win in a purchase market. But there was trouble ahead. The layoffs take effect on Jan.

Mortgages 369

Mortgages Loan Officer Loans Technology 369

Housing Wire

JANUARY 5, 2021

Given the role of nonbank mortgage servicers in the mortgage market, HPC also agrees with the stated goal of the Proposed Standards, which is to ensure that nonbank mortgage servicers are in a sound financial condition and have implemented effective risk management practices,” the letter continued. HPC agrees. Presented by: SoftWorks AI.

Mortgages 330

Mortgages Banks Commercial Technology 330

Housing Wire

FEBRUARY 19, 2024

Trading equity for rent Still, even the $1,500 a month in lost home equity experienced in 2022 may represent a beneficial tradeoff for many distressed homeowners facing a shorter-term disruption, allowing them to exchange that lost equity for some extra time to stay in the home until they can start making mortgage payments again.

Equity 437

Equity Purchase and sale agreement Loans Mortgages 437

Housing Wire

JULY 7, 2021

Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. The sale of Champion.

Sales 397

Sales Mortgages Branding Principal 397

Housing Wire

SEPTEMBER 10, 2021

According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk profile, resulting in “reckless practices.”

Lending 458

Lending Banks Loans Mortgages 458

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. The program’s maximum loan term is 20 years. FHA financed about 34% of the $15.2

Title 372

Title Land Finance Renovation 372

Housing Wire

FEBRUARY 14, 2024

Professional development and continuing education courses are offered in a handful of states. If you’re new to real estate, you must complete a state-approved course and pass your state’s licensing exam. The number of required class hours varies according to state law. Their prelicensing courses are available 14 states. (

Agents 400

Agents Pre-approval Design Industrial 400

Housing Wire

SEPTEMBER 7, 2023

The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. The lender and LO can make or break the transaction.”

Agents 397

Agents Loan Officer Lending MLS 397