Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1% by the year-end.

Mortgages 413

Mortgages Residential Principal Lending 413

Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Presented by: Selene Finance.

Industrial 324

Industrial Mortgages Principal Loans 324

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Banks 359

Banks Bankruptcy Loans Investor 359

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. ” Kiavi ranked as the top short-term lender in the fix-and-flip space in 2021, with $2.7

Investor 282

Investor Principal Loans Lending 282

Housing Wire

MARCH 7, 2024

“And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. My guess is we’ll do 10 or 11 deals this year in the $5.5

Investor 360

Investor As-is Commercial Equity 360

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended. trillion in 2021. A HELOC is now cheaper than a refi.

Equity 381

Equity Fixed-rate mortgage Principal Loans 381

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended. trillion in 2021. A HELOC is now cheaper than a refi.

Equity 380

Equity Fixed-rate mortgage Principal Mortgages 380

Housing Wire

FEBRUARY 14, 2023

Managing a profitable mortgage business can be challenging in the best of markets. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. But lenders must also consider mortgage originator’s loan product innovation. of all mortgage applications.

Loans 329

Loans Investor Mortgages Principal 329

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. The big trigger was we had a half-point increase in the 30-year par rate [for a mortgage] in January,” he said in a recent interview. “The

Purchase and sale agreement 352

Purchase and sale agreement Marketing Equity Banks 352

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. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 301

Marketing Loan Officer Mortgages Lending 301

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We 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. We know who the borrowers are. We service their loans. of the U.S.

Loans 349

Loans Pre-approval Mortgages Principal 349

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 311

Marketing Debt-to-income ratio Loans Mortgages 311

Housing Wire

MARCH 17, 2022

Into March of this year, according to multiple market experts, the nonagency secondary market has been digesting a large backlog of mortgage collateral that was locked and originated last year during a much lower-rate environment than exists today. Pelka agrees that the PLS market is under pressure. “In

Loans 292

Loans Marketing Due diligence Residential 292

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 October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022.

Loans 366

Loans Principal Mortgages Industrial 366

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. Industry stakeholders, including Mortgage Brokers Association (MBA) and NAR, were quick to voice concerns about the new fees. This year, U.S.

Mortgages 75

Mortgages Principal Finance Commercial 75

Realty Biz

FEBRUARY 7, 2022

By paying off a mortgage in 15 years instead of 30, it means you’ll have more money to spend on other things much sooner. In fact, it seems to me that it makes great sense to take out a 15-year mortgage and make extra payments on top of that every month. Why don’t most people just choose a 15-year mortgage? Answer: Hello Dan.

Debt-to-income ratio 84

Debt-to-income ratio Mortgages Principal Finance 84

Keeping Current Matters

JANUARY 13, 2021

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. First, the homeowner suffers an adverse economic shock…leading to the homeowner becoming delinquent on their mortgage.

Equity 244

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. Commercial mortgage financing of commercial real estate. CCIM Courses.

Residential 102

Residential Design Agents Commercial 102

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. Earlier this year, Orchard began the initial pilot of its integrated mortgage offering in Texas markets.

Title 236

Title Branding Principal Loans 236

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%

Banks 330

Banks Loans Mortgages Sales 330

Marco Santarelli

DECEMBER 22, 2020

Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed. In this article, we shall discuss the various types of mortgage notes and how to invest in them. Mortgage notes are also known as real estate lien notes and borrower’s notes.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgages 440

Mortgages Loan Officer Loans Equity 440

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. Likewise, Atlanta-based A ngel Oak Mortgage Inc. , The Angel Oak Cos.

Mortgages 377

Mortgages Loans Residential Lending 377

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. 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.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

Housing Wire

FEBRUARY 8, 2024

Carrie’s unparalleled knowledge of Big Island luxury properties and international business relations has resulted in over a billion dollars in residential and land sales across her career. She holds a MBA from Pepperdine University and a Bachelor in Finance and International Business from Villanova University.

Agents 377

Agents Construction Design Branding 377

Realty Biz

MARCH 16, 2023

Even though the government has the home affordable foreclosure alternatives program and the principal reduction program for mortgages, a lot of lenders have developed their own programs. They should sit down with their own certified home finance counsel or if they want to keep the property to see if a modification is an option.

Short sale 93

Short sale Investor Technology Principal 93

Real Estate Finance HQ

SEPTEMBER 5, 2017

Getting a mortgage for a rental property can be very different from getting a mortgage for a personal residence. 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.

Mortgages 40

Mortgages Investor Commercial Residential 40

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. And why not?

Commercial 374

Commercial Brokerage Due diligence Title 374

Realty Biz

MAY 25, 2022

Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. Equity is the difference between what you owe on your mortgage and what your home is worth. The keywords here are that these are ways to finance large expenses. This is when the full principal and interest payments begin.

Equity 79

Equity Loans Principal Finance 79

Realty Biz

MARCH 3, 2022

Ron Cika, who serves as principal broker, founded the firm in 2000 and thereafter started Nexstar Title and Escrow in 2008, US Assurance Insurance Agency in 2020 and Millennium Mortgage in 2021. The family-owned brokerage is led by Ron Cika and his son Alex Cika. Alex Cika has served as managing broker since 2004.

Branding 73

Branding Principal Brokerage Title 73

Realty Biz

JUNE 20, 2022

Now, we are watching mortgage rates climb almost every week. I talked to our mortgage broker yesterday and she said to expect to pay an interest rate of at least 6.1% Based on the price range that you are looking to buy in, you should be looking at a mortgage payment of around $1,850 per month. interest, and your current income.

Mortgages 75

Mortgages Principal As-is Residential 75

Housing Wire

MAY 16, 2022

As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights (MSRs), cut costs and diversified revenue stream to survive the mortgage storm. Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2 million from servicing mortgages during that period, up $64.8

Principal 362

Principal Banks Loans Lending 362

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

Realty Biz

SEPTEMBER 2, 2020

Homeowners, mortgage lenders, and insurers need to work together to ensure properties are fully protected and insured,” Tom Larsen, principal of insurance solutions at CoreLogic, told Forbes.com. But weather forecasters says that Laura could be the first of several storms to torment the U.S.

Principal 58

Principal Finance Mortgages As-is 58

Toronto Realty Blog

NOVEMBER 29, 2023

And all this, despite the fact that condo assignments are non-existent and that many pre-construction condo buyers are unable to obtain financing to proceed with final closing, plus, some buyers are looking to get out of their deals by walking away from deposits. What is a vendor take-back mortgage? (duh) $2,000 per square foot.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

JULY 27, 2023

Mortgage rates are expected to remain elevated until inflation moves to a level more consistent with the Fed’s mandate. 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. Year-over-year, sales dipped 18.90% from 5.13

Construction 358

Construction Mortgages Sales Banks 358

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 note against a reference pool of 143,889 single-family mortgages valued at about $45 billion.

Principal 341

Principal Fixed-rate mortgage Loans Residential 341