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 The passing of Amendment B repealed the Gallagher Amendment of 1982, which set residential and non-residential property tax assessment rates in the Colorado state constitution.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 452

Residential Principal Development Renovation 452

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. billion in originations, up nearly 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF).

Investor 309

Investor Principal Loans Lending 309

Housing Wire

MARCH 23, 2022

The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortgage assets across multiple strategies,” according to a CarVal statement announcing the launch of the REMIC, which will do business as Mill City Loans.

Banks 378

Banks Bankruptcy Loans Investor 378

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 348

Mortgages Banks Marketing Residential 348

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.”. About 9.1% of total mortgage applications were for ARMs for the week ending Sep.

Mortgages 428

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 428

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 352

Industrial Mortgages Principal Loans 352

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 contrast, when they do a cash-out refi, they’re committed to paying the new principal and interest balance for the duration of the mortgage — likely 15 or 30 years.

Equity 399

Equity Fixed-rate mortgage Principal Mortgages 399

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 contrast, when you do a cash-out refi, they’re committed to paying the new principal and interest balance for the duration of the mortgage — likely 15 or 30 years.

Equity 388

Equity Fixed-rate mortgage Principal Loans 388

Housing Wire

DECEMBER 14, 2022

Mortgage rates are taking the Fed’s move as a clear indication that the pace of interest rate increases will be moderate, and the market is hopeful that any increases in 2023 will be in the more typical 25 basis point increments, Marty Green, principal at Polunsky Beitel Green , law firm for residential mortgage lenders, said.

Mortgages 430

Mortgages Residential Principal Lending 430

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.

Investor 397

Investor As-is Commercial Equity 397

Housing Wire

DECEMBER 13, 2023

Net issuance in MBS represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. Other sectors The narrative is similar for the private-label residential mortgage-backed securities (RMBS) market. You’re going to go to the lower spreads to cut, right?”

Mortgages 375

Mortgages Marketing Banks Investor 375

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 104

Residential Design Agents Commercial 104

Housing Wire

DECEMBER 22, 2023

Net issuance in MBS represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. RMBS sector The origination downturn and rate volatility in 2023 negatively impacted the private-label residential mortgage-backed securitization (RMBS) market.

Mortgages 439

Mortgages Banks Loans Industrial 439

Housing Wire

FEBRUARY 8, 2022

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. Another possibility consisted of changing rates, principal balance or length of the mortgage via a loan modi? We have their email addresses. We have their phone numbers.

Loans 362

Loans Pre-approval Mortgages Principal 362

Housing Wire

MARCH 17, 2022

Similarly, the Federal Housing Finance Agency ’s [FHFA’s] suspension of the cap on agency purchases of investment properties and second homes this past September has continued to create a drag on those deals flowing into the PLS market. Pelka agrees that the PLS market is under pressure. “In

Loans 325

Loans Marketing Due diligence Residential 325

Housing Wire

FEBRUARY 14, 2023

Fortunately, today’s modern mortgage software and web applications make it easier for servicers to provide the tools and exceptional communication that borrowers — and the Consumer Finance Protection Bureau — expect. For example, FICS offers its own mortgage servicing software, Mortgage Servicer.

Loans 347

Loans Investor Mortgages Principal 347

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. The option is limited to purchase transactions, secured by a one-unit principal residence with a loan-to-value ratio of no more than 90%.

Loans 369

Loans Principal Mortgages Industrial 369

Housing Wire

JULY 28, 2022

“While the options are more expensive and more costly to finance, the growing number (of home sales from a year ago) will help the real estate market rebalance, giving potential buyers a much-needed refresh,” Hale said. With interest rates increasing and home price appreciation slowing down, demand for homes will stabilize ,” Carden said.

Marketing 310

Marketing Loan Officer Mortgages Lending 310

Housing Wire

FEBRUARY 3, 2022

Incenter completed a dozen bulk sales transactions in January involving MSRs for agency-backed loan pools that together had a total unpaid principal balance of $113.2 In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. million to $23.7

Purchase and sale agreement 363

Purchase and sale agreement Marketing Equity Banks 363

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 KBRA seems to think so as well.

Marketing 339

Marketing Debt-to-income ratio Loans Mortgages 339

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% Bottom Line.

Equity 240

Equity Short sale Principal Loans 240

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. Orchard has also raised a total of $220 million in debt financing since its September 2017 inception.

Title 250

Title Branding Principal Loans 250

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 405

Agents Construction Design Branding 405

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. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Commercial 408

Commercial Brokerage Due diligence Title 408

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. But for the National Association of Realtors® (NAR), that action alone isn’t enough.

Mortgages 75

Mortgages Principal Finance Commercial 75

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

Realty Biz

FEBRUARY 7, 2022

However, most people must consider many other variables when deciding how long to finance their homes. Maybe in a few more years, they could start making extra payments towards the principal to reduce the total interest cost further and pay it off in less than 20 years. Your engineering background is clearly showing.

Debt-to-income ratio 83

Debt-to-income ratio Mortgages Principal Finance 83

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% billion, RITM ( Rithm Capital/New Residential ) has $1.8 of the entire $8.4 trillion all-agency MSR market, according to mortgage-data analytics firm Recursion.

Banks 357

Banks Loans Mortgages Sales 357

Realty Biz

MAY 25, 2022

Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. The keywords here are that these are ways to finance large expenses. This is when the full principal and interest payments begin. In general, a home equity loan is a better financial tool for most consumers.

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

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 387

Residential Loans Principal Mortgages 387

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. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 387

Mortgages Loans Residential Lending 387

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. Note: you can also get a commercial mortgage in your personal name.).

Mortgages 40

Mortgages Investor Commercial Residential 40

RIS Media

NOVEMBER 19, 2020

A broker associate at Dave Perry-Miller & Associates in Dallas, Rouda Smith specializes in residential and ranch and country real estate alongside her husband, Brian, and their children, all of whom are REALTORS®. A REALTOR® for more than two decades, she is principal broker at Lane-Harkins Commercial Real Estate LLC in Flowood, Miss.,

Commercial 62

Commercial Residential Principal Equity 62

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

Housing Wire

MAY 16, 2022

UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. million), nonbank mortgage lender and servicer New Residential Investment Corp. ($690

Principal 380

Principal Banks Loans Lending 380

Realty Biz

JUNE 20, 2022

That includes the principal, interest, property taxes, and insurance. Using that and a rough calculation of your finances, I looked at how affordable a house should be for you. Our weekly Ask Brian column welcomes questions from readers of all experience levels with residential real estate. Please leave a comment.

Mortgages 75

Mortgages Principal As-is Residential 75