Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. house price growth continued to accelerate in the third quarter, appreciating more than in each of the previous four quarters,” Anju Vajja, principal associate director in FHFA ’s division of research and statistics, said in a statement.

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Principal MLS Finance Mortgages 469

Housing Wire

MARCH 2, 2023

Ginnie Mae has promoted Sam Valverde to principal executive vice president, where he will serve as the the second-in-command to Ginnie Mae President Alanna McCargo. He joined Ginnie in March 2022 following a stint as supervising attorney advisor for the Federal Housing Finance Agency (FHFA).

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Principal Finance Loans Mortgages 380

Bigger Pockets

FEBRUARY 5, 2023

Calculating the principal and interest on your loan helps you identify the actual cost of a property. If you have a $400,000 loan at a 30-year fixed rate of 5%, […]

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Principal Mortgages Loans Finance 88

Housing Wire

MARCH 27, 2024

VA borrowers will be the hardest hit if they have to shoulder buyer-side commissions, said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “VA They’re 100% financing, they don’t require a downpayment and the guidelines are tilted toward helping the [borrower] get in the home,” Overfelt said.

VA loan 446

VA loan Loans Principal Mortgages 446

Housing Wire

NOVEMBER 16, 2023

The CDFI certification is given by the Treasury Department CDFI Fund to lenders providing financial services to low-income communities and people who lack financing. But at least 60% of a lender’s financing must target these borrowers.

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Lending Principal Finance Loans 408

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.

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Finance Principal Residential Development 415

Housing Wire

NOVEMBER 3, 2023

The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

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Lending Principal Finance Loans 406

Housing Wire

OCTOBER 11, 2023

The deal will add a mortgage servicing rights (MSR) portfolio of about $136 billion in unpaid principal balance to Rithm. mortgage lender in the first half of 2023, with a production of $17 billion in loans, per Inside Mortgage Finance data. 10-12 at the Hyatt Lost Pines.

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Principal Loans Investor Finance 466

Housing Wire

APRIL 24, 2024

The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lender, and it is spearheaded by Ryan Schmidt, FAR’s vice president of partner engagement. With the right ambassador, that task is made simpler.

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Mortgages Loan Officer Principal Loans 305

Housing Wire

SEPTEMBER 1, 2023

primary mortgage servicers in the second quarter of 2023 , according to Inside Mortgage Finance data. billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31. Pennymac Loan Services was ranked No. 5 five among the top U.S. Its servicing portfolio grew to $576.5 The company estimates its market share at 4.3%

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Principal Loans Mortgages Finance 391

Housing Wire

SEPTEMBER 29, 2023

And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306 , according to Black Knight ’s mortgage monitor report.

Mortgages 505

Mortgages Principal Brokerage Finance 505

Housing Wire

FEBRUARY 6, 2023

He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. UWM originated $128 billion in 2022, per Inside Mortgage Finance estimates. Hubacker said in a statement he will enhance the CFO role and capabilities of UWM’s finance team as a “strategic business partner to the company.”

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Principal Finance Mortgages Loans 405

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. The post FHA’s manufactured housing loan program gets a facelift appeared first on HousingWire.

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Loans Title Finance Lending 446

Housing Wire

JULY 26, 2023

HUD will aim to support researchers as local communities, counties and states seek to find new solutions to housing shortages according to Solomon Greene, principal deputy assistant secretary for policy development and research at HUD. Interested parties can apply through the U.S. government’s online grants portal.

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Residential Principal Development Finance 370

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage.

VA loan 454

VA loan Agents Seller concession FHA loan 454

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

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Loans Purchase and sale agreement Principal Due diligence 383

Housing Wire

JULY 21, 2022

With respect to nonagency loans and non-QM loans, warehouse lenders will finance between 90% and 95% of the original principal amount of the loan, which requires [FGMC] to use working capital to fund the remaining portion of the principal balance of the mortgage loans,” states a declaration filed with the court by FGMC CEO Aaron Samples.

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Bankruptcy Banks Pre-approval Principal 395

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

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Principal MLS Agents Brokerage 403

Housing Wire

MARCH 28, 2023

Homeowners who are making monthly mortgage payments to Rocket Mortgage can use their card points to receive 2% of their card spending toward their unpaid principal balance. Homebuyers can combine their Rocket Rewards and Rocket Signature Card points to save money on closing costs when financing their home purchase through Rocket Mortgage.

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Closing costs Finance Principal Mortgages 407

Housing Wire

FEBRUARY 22, 2024

.” Secondary market In the secondary market, credit agency Fitch Ratings on Wednesday reported that cyberattacks could impair servicers’ abilities to collect payments from borrowers and remit them to the structured finance transaction in a timely manner. It could disrupt the cash flow to investors, Fitch said.

Industrial 450

Industrial Mortgages Investor Technology 450

Housing Wire

MARCH 21, 2024

to 107 loans), Finance of America Reverse (up 17.4% Also noting a spike in business was David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina. “I Four of the top 10 industry lenders also gained ground for the month. to 682 loans) and Longbridge Financial (up 4.7% to 358 loans).

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Mortgages Loans Equity Principal 422

Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Homesellers, who now have many offers to choose from, are not likely to look favorably on anything that entails more complicated financing.

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FHA loan VA loan Loans Loan Officer 469

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae.

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Principal Development Finance Industrial 369

RIS Media

DECEMBER 6, 2020

Federal Housing Finance Agency (FHFA) Director Mark Calabria issued a statement at the Financial Stability Oversight Council Principals meeting. “As the annual report describes, strong labor markets and house price appreciation created a solid foundation under America’s mortgage finance system at the start of 2020.

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Principal Finance Banks Loans 67

Housing Wire

APRIL 19, 2022

The administration said that the new loss mitigation option could be an alternative for borrowers who cannot reduce their principal and interest payments by 25% through FHA’s existing 30-year mortgage modification with a partial claim.

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Loans Principal Mortgages Real-estate owned 492

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

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Principal Loans Investor Industrial 437

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

NOVEMBER 2, 2023

Rocket’s servicing book unpaid principal balance, which includes subserviced loans, was $506 billion as of Sept. billion of unpaid principal balance to its portfolio. AI will be at the center of how clients buy, sell and finance homes,” Krishna said. Rocket’s liquidity improved in Q3 to $8.7 billion from $8.6

Principal 417

Principal Loans Technology Mortgages 417

Housing Wire

JANUARY 30, 2024

“There are some [smaller] companies that have sold a lot of their MSRs and now have to turn that corner to real profitability, and they don’t have that piggybank to draw from,” said Charley Clark , a senior vice president and mortgage warehouse finance executive at EverBank (formerly known as TIAA Bank ).

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Marketing Principal Banks Loans 402

Housing Wire

JUNE 26, 2023

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week. Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said.

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

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 (..)

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Technology Development Title Lending 446

Housing Wire

MAY 10, 2023

million customers and $853 billion in unpaid principal balance (UPB) at the end of March. Homepoint was the third largest wholesale lender in the country, following behind United Wholesale Mortgage (UWM) and Rocket Mortgage , according to Inside Mortgage Finance (IMF). Mr. Cooper had 4.1 billion in 2022, a 71.6%

Equity 395

Equity Principal Mortgages Loans 395

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.

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Banks Principal Finance Equity 395

Housing Wire

JANUARY 4, 2024

million of [unpaid principal balance (UPB)] that may not otherwise have been issued in December.” New View also noted that 25 of the issued pools in December featured “aggregate pool size [of] less than $1 million,” according to its commentary. Issuers are taking advantage of Ginnie Mae’s provision to issue pools as small as $250,000.

Mortgages 445

Mortgages Bankruptcy Principal Finance 445

Housing Wire

JUNE 16, 2022

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs).

Finance 383

Finance Principal Design Mortgages 383

Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. of the GSE’s total securitized unpaid principal balance. The options to put off debt payments for federally-backed multifamily properties had been slated to expire at the end of June.

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Principal Finance Loans Equity 475

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer.

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Principal Technology Agents Design 370