Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 Homeowners in 2022 also tapped into their home equity, which peaked at $11.5

Equity 515

Equity Marketing Loans Bankruptcy 515

Housing Wire

SEPTEMBER 28, 2023

in June, according to CoreLogic ’s Loan Performance Insights. mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a news release. percentage point to 2.7% Overall U.S.

Mortgages 411

Mortgages Staging Equity Principal 411

Housing Wire

MAY 17, 2024

Financial planners are an important referral source for reverse mortgage professionals, and Finance of America (FOA) vice president of retirement strategies Steve Resch has been at the head of the company’s conversations with planners to help them understand how much utility a reverse mortgage could have for improving a client’s retirement.

Mortgages 368

Mortgages Industrial Equity Principal 368

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 102

Equity Finance Loans Closing costs 102

Housing Wire

MAY 10, 2023

Cooper was interested in Ann Arbor, Michigan-based Home Point spread prior to the latter selling its wholesale origination business to The Loan Store on April 7 and were amplified after. million customers and $853 billion in unpaid principal balance (UPB) at the end of March. Mr. Cooper had 4.1 billion in 2022, a 71.6%

Equity 386

Equity Principal Mortgages Loans 386

Housing Wire

APRIL 24, 2024

“PennyMac Financial reported strong operating earnings in the first quarter, with an annualized operating return on equity of 15 percent in what is expected to be the one of the smallest quarterly origination markets of this cycle,” chairman and CEO David Spector said in a news release. The company’s loan production pretax income was $35.9

Lending 400

Lending Loans Principal Mortgages 400

Housing Wire

JUNE 1, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 382

Equity Fixed-rate mortgage Principal Loans 382

Housing Wire

OCTOBER 2, 2023

Purchase loans comprised about 82% of overall mortgage lending in 2023 and ICE forecasts purchase lending to continue to dominate the market through next year. Alongside rising interest rates, the average equity withdrawal among cash-out refinances has also risen by nearly 90% from its low in 2020.

Mortgages 406

Mortgages Equity Lending Principal 406

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Finance 381

Finance Principal Residential Development 381

Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages 393

Mortgages Seller concession Fixed-rate mortgage Loans 393

Housing Wire

MAY 3, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 390

Equity Fixed-rate mortgage Principal Mortgages 390

Realty Biz

MAY 25, 2022

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are not the same thing. In general, a home equity loan is a better financial tool for most consumers. Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. Credit cards are unsecured loans.

Equity 79

Equity Loans Principal Finance 79

Housing Wire

JANUARY 30, 2024

For at least the past five years, according to market data, the MSR sector has been increasingly dominated by nonbanks — with a good portion of the loan balance they service at historically low legacy rates. In 2019, total agency MSRs outstanding, based on agency loan balances serviced, stood at $6.219 trillion, Recursion data shows.

Marketing 364

Marketing Principal Banks Loans 364

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 435

Technology Development Title Lending 435

Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. Presented by: Computershare Loan Services. As of Freddie Mac’s most recent report , there are 1,154 securitized loans in forbearance, representing about 2.1%

Principal 471

Principal Finance Loans Equity 471

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” million of [unpaid principal balance (UPB)] that may not otherwise have been issued in December.” This represents $15.6

Mortgages 420

Mortgages Bankruptcy Principal Finance 420

Housing Wire

OCTOBER 26, 2021

A source told Bloomberg that the latest financing – split between $28.5 million in equity and $24 million in debt – valued the company at $450 million. In September, Maxwell launched a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers.

Mortgages 369

Mortgages Principal Loans Investor 369

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. It’s also made a push to hire teachers and first responders to be loan officers.

Mortgages 313

Mortgages Investor Loan Officer Principal 313

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter.

Banks 387

Banks Principal Finance Equity 387

Housing Wire

FEBRUARY 3, 2022

MSRs gain value as interest rates rise, in part because upward-bound rates cause mortgage refinancing to ebb, which slows prepayment speeds on mortgages — increasing the effective long-term yield of the servicing rights tied to those loans. In fact, the largest MSR deal of the month for Incenter, involving a loan portfolio valued at $23.7

Purchase and sale agreement 364

Purchase and sale agreement Marketing Equity Banks 364

Housing Wire

MARCH 7, 2024

Michael Warden , managing principal and CEO of Invictus Capital Partners — one of the largest players in the nonqualified mortgage (or private-label) securitization space via Verus Securitization Trust — is also quite bullish on the future of private capital in the mortgage market. And future rate cuts mean less return [for investors].

Investor 384

Investor As-is Commercial Equity 384

Housing Wire

SEPTEMBER 19, 2022

Cash-out refis continued to increase in 2021, with borrowers taking advantage of surging home prices and record levels of home equity. In terms of demographics, in a more competitive marketplace, minority borrowers grew in their share of total loans closed. Black borrowers’ share of home purchase loans increased to 7.9%

Marketing 366

Marketing Loans Principal Mortgages 366

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well.

Mortgages 423

Mortgages Banks Loans Industrial 423

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. It examines the quantity and, equally as important, the quality of credit and services provided.

Banks 461

Banks Lending Loans Principal 461

Realtor.com

APRIL 5, 2021

It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only home loans are adjustable-rate mortgages, or ARMs , says Scott Sheldon , a senior loan officer and consumer advocate in Sonoma County, CA.

Loans 122

Loans Mortgages Principal Equity 122

Point2Homes

FEBRUARY 3, 2021

Applying for a Home Equity Line of Credit ( HELOC ) is a common way to cover your expenses, especially if you’ve already built up 20% equity in your home. Home Equity Loans. If your home renovations are very costly, or they require you to have a lump sum ready in advance, a home equity loan is a good choice.

Renovation 98

Renovation Finance Equity Closing costs 98

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. . .

Fixed-rate mortgage 367

Fixed-rate mortgage Mortgages Loans Loan Officer 367

Keeping Current Matters

NOVEMBER 10, 2020

In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family in the U.S.”. As home values increase and you make payments toward your home loan, you’ll gain wealth through equity. How do homeowners gain wealth?

Equity 274

Equity Principal Finance Loans 274

Housing Wire

FEBRUARY 1, 2023

It varies a little bit based on loan amount and interest rate but … a pretty good rule of thumb is a [2-1] buydown will typically cost the seller about 2.25 percentage points of the loan amount,” Nunziata said.

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

NOVEMBER 3, 2022

Purchase loans are simply harder to market and convert, harder to process, and they generate lower revenues and higher expenses.”. The consolidation fervor is being fed by several factors, according to David Hrobon, a principal with Stratmor. The same downward production shift holds true on the high end of the loan-production scale.

Banks 393

Banks Mortgages Loans Equity 393

HomeLight

DECEMBER 27, 2023

Unlock Your Equity Faster With a Cash Offer Consider going through HomeLight’s Simple Sale platform to access the equity of your existing home quickly. Get your loan payoff amount to find out how much you still owe on your mortgage Most of the time, homeowners sell their house before paying their full mortgage.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Housing Wire

JULY 26, 2023

The result included, among other things, a mark-to-market of $61 million, a cost related to the acquisition of Rushmore Loan Management Services of $6 million and a $1 million charge due to severance. million customers and $882 billion in unpaid principal balance (UPB) at the end of June, compared to $853 billion at the end of March.

Loans 349

Loans Principal Banks Closing 349

Keeping Current Matters

APRIL 12, 2021

6% paid off their loan in full. As an example, about 50% of all mortgages are backed by the Federal Housing Finance Agency (FHFA). Home retention options include temporary forbearances, repayment plans, loan modifications, or partial loan deferrals. 9% were given a loan modification.

Equity 255

Equity Banks Loans Lending 255

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% What are the experts saying?

Equity 244

Equity Short sale Principal Loans 244

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 That’s a strong start for a new issuer. “A

Marketing 337

Marketing Debt-to-income ratio Loans Mortgages 337

Norada Real Estate

JANUARY 28, 2023

What is Mortgage Loan Modification? A mortgage loan modification is a change to the terms of an existing mortgage loan made to make the loan more affordable for the borrower. Changes to the interest rate, loan term, or loan amount are examples of this.

Loans 87

Loans Mortgages Principal Equity 87

Realtor.com

OCTOBER 29, 2020

If you’re a homeowner, you have options that involve tapping into your home equity —the difference between what your home is worth and how much you owe on your mortgage. There are three main ways to tap into home equity, but sorting through those options can be confusing. The costs can range from 2% to 5% of your loan amount.

Equity 76

Equity Loans Closing costs Principal 76