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 330

Mortgages Banks Marketing Residential 330

Housing Wire

DECEMBER 13, 2023

It also has been a brutal year for the secondary market that creates liquidity for mortgage lenders as greatly reduced mortgage originations, liquidity challenges and interest rate volatility have played havoc in the whole-loan trading as well as the private-label and agency securitization channels. “The

Mortgages 341

Mortgages Marketing Banks Investor 341

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.

Industrial 326

Industrial Mortgages Principal Loans 326

Housing Wire

NOVEMBER 10, 2020

The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. The passing of Amendment B repealed the Gallagher Amendment of 1982, which set residential and non-residential property tax assessment rates in the Colorado state constitution.

Residential 422

Residential Principal Development Renovation 422

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.”. According to the NAR, there were 1.28 million existing homes on the market in August and would take 3.2 About 9.1%

Mortgages 407

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 407

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 cases where they end up needing to take only the minimum required draw from a HELOC, they would only end up paying back that part of the loan. trillion. homeowners.

Equity 381

Equity Fixed-rate mortgage Principal Loans 381

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 cases where the homeowner ends up needing to take only the minimum required draw from a HELOC, they would only end up paying back that part of the loan. trillion.

Equity 381

Equity Fixed-rate mortgage Principal Mortgages 381

Housing Wire

FEBRUARY 14, 2023

When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase. But lenders must also consider mortgage originator’s loan product innovation.

Loans 330

Loans Investor Mortgages Principal 330

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 407

Mortgages Banks Loans Industrial 407

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 361

Investor As-is Commercial Equity 361

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 KBRA seems to think so as well.

Marketing 312

Marketing Debt-to-income ratio Loans Mortgages 312

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. In January, Fannie Mae said it would start accepting desktop appraisals, where an appraiser need not perform a walk-through, for some agency-backed loans after March 19.

Loans 367

Loans Principal Mortgages Industrial 367

Housing Wire

FEBRUARY 8, 2022

We service their loans. 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. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge.

Loans 350

Loans Pre-approval Mortgages Principal 350

Housing Wire

DECEMBER 14, 2022

The MBA is forecasting that mortgage rates for 30-year fixed-rate loans, which were at 6.4% Next year will be a tale of two years — the first half of 2023 will be very difficult because even If rates drop, it takes time for borrowers to notice, sellers to adjust their price, a deal to get signed and a deal to get financed,” Hale said.

Mortgages 413

Mortgages Residential Principal Lending 413

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 353

Purchase and sale agreement Marketing Equity Banks 353

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. Especially a HELOC.

Equity 79

Equity Loans Principal Finance 79

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% I believe the latter.”.

Equity 244

Equity Short sale Principal Loans 244

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. I think it’s already priced in the market.”.

Marketing 301

Marketing Loan Officer Mortgages Lending 301

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. And in July, it announced its formal launch of Orchard Home Loans. Patrick Conroy, principal at Washington, D.C.-based

Title 237

Title Branding Principal Loans 237

Housing Wire

JANUARY 25, 2023

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% Wells Fargo also could simply allow the MSRs to run off its books as the loans being serviced expire. A multiple is a measure of the price of an MSR loan pool.

Banks 332

Banks Loans Mortgages Sales 332

Broke Agent Media

MAY 19, 2023

Last week, the Federal Housing Finance Agency (FHFA) announced its decision to rescind upfront fees for loan-level pricing adjustments (LLPAs) based on borrowers’ debt-to-income (DTI) ratios. DTI LLPA Fee Rescinded On May 10, 2023 In January, the FHFA announced a slew of changes in its Loan-Level Price Adjustment Matrix.

Mortgages 75

Mortgages Principal Finance Commercial 75

Marco Santarelli

DECEMBER 22, 2020

A real estate mortgage note is a promissory note secured by a mortgage loan. The promise to pay which is called a promissory note, which states how big the loan is, and what the interest rate and the terms of the loan are. Therefore, the loan amount would be $120,000. It is not the same as a mortgage loan.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

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. , a long-term player in the non-QM mortgage market.

Mortgages 378

Mortgages Loans Residential Lending 378

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 440

Mortgages Loan Officer Loans Equity 440

Real Estate Finance HQ

SEPTEMBER 5, 2017

The first time I got a rental property under contract, everybody told me: “we don’t do mortgages for non-owner occupied residential houses.” Residential Mortgages for Investors. Residential mortgages are generally fixed for 15 to 30 years. Investment Property Loan Requirements.

Mortgages 40

Mortgages Investor Commercial Residential 40

Housing Wire

SEPTEMBER 16, 2022

Another single-family rental (SFR) securitization deal sponsored by a large institutional player, Progress Residential , is slated to hit the private-label market this month, bringing the total securitization-deal count for Progress to seven so far this year. billion; FirstKey Homes , $10 billion; Amherst Residential , $6.3

Residential 378

Residential Loans Principal Mortgages 378

Housing Wire

MAY 16, 2022

million) are among the non-bank lenders that benefited from the sale of MSRs, offsetting the decline in closed loan volume in the first quarter of 2022. UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 million) and Homepoint ($11.9 UWM had $303.4

Principal 363

Principal Banks Loans Lending 363

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There’s been increased activity in the last two weeks [more] than the last two months. How fast we move past that is up for debate.”

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year. recently rebranded as Rithm Capital ). That deal, dubbed GRADE 2022-SEQ2, was a $198.6

Equity 369

Equity Loans Residential Banks 369

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 The average loan balance in the reference pool is $315,272, with the maximum balance at $1.56

Principal 407

Principal Loans Investor Mortgages 407

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 billion secured by single-family mortgage reference loan pools valued in total at $156.9 billion secured by single-family mortgage reference loan pools valued in total at $156.9

Principal 342

Principal Fixed-rate mortgage Loans Residential 342

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.

Banks 320

Banks Commercial Loans Principal 320

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 359

Construction Mortgages Sales Banks 359

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Principal and Chair, Financial Instituions Regulatory Practice Group. SVP, Loan Administration. Adrienne Goolsby.

Title 393

Title Lending Finance Technology 393

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 The regional bank focused heavily on jumbo loans, serving interest-only mortgages at super-low rates to wealthy individuals in Silicon Valley.

Banks 319

Banks Marketing Loans Mortgages 319

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 of the loans; Rocket Mortgage , 8.1%; Wells Fargo , 6.6%

Principal 337

Principal Loans Investor Mortgages 337

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Equity 403

Equity Loan Officer Loans Mortgages 403