Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

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Loans Marketing Due diligence Residential 327

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB became a large residential mortgage servicer after the acquisition of Flagstar.

Equity 347

Equity Mortgages Banks Commercial 347

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. About half of its loans were originated in California. The company is licensed in 32 states.

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Sales Mortgages Principal Equity 390

Housing Wire

JULY 18, 2023

Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. Whitfield and Wilbanks are both leaving Compass to join The Agency.

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Agents Loan Officer Principal Brokerage 368

Housing Wire

AUGUST 9, 2022

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8 The dreaded discount.

Marketing 391

Marketing Bankruptcy Loans Principal 391

Housing Wire

FEBRUARY 14, 2024

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. In addition to saving time, APIs minimize errors stemming from human oversight.

Investor 355

Investor Loans Mortgages Principal 355

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.

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Banks Bankruptcy Loans Investor 379

Housing Wire

NOVEMBER 7, 2023

We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We GLG is also part of a larger Keller Williams Realty franchise group of residential real estate brokerages located in Georgia. It placed No.

Mortgages 410

Mortgages Principal Brokerage Lending 410

Housing Wire

MARCH 21, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. However, RESPA applies to a construction-to-permanent loan inside one bundle.

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Agents VA loan Land Construction 339

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Principal among these are: Invested capital “requires” the highest return. exceeds $1.5

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Finance Principal Residential Development 395

Housing Wire

AUGUST 10, 2022

Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. Shortly after the [securitization] deal closed, loan delinquency rates increased unexpectedly,” the SEC alleges.

Investor 370

Investor Renovation Principal Loans 370

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 454

Finance Seller concession Loan Officer Loans 454

Housing Wire

OCTOBER 18, 2022

The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in the secondary market. Representatives for FirstFunding and Sprout did not return requests for comments. However, FirstFunding’s attorney Benjamin A.

Loans 382

Loans Principal Mortgages Lending 382

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. The post Fix-and-flip lender Kiavi finalizes $218M private-label offering appeared first on HousingWire.

Investor 317

Investor Principal Loans Lending 317

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 356

Mortgages Banks Marketing Residential 356

Housing Wire

OCTOBER 8, 2021

The private-label residential mortgage-backed securities market has been resurrected from its near-death following the global financial crisis a decade and a half ago. This year it is on track to securitize loan volume approaching or even exceeding $100 billion, and driving a healthy share of that secondary market business is J.P.

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Principal Banks Loans Residential 321

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter.

Residential 338

Residential Principal Loans Mortgages 338

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.

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Industrial Mortgages Principal Loans 358

Housing Wire

MARCH 10, 2022

The company’s unpaid principal balance increased 18% last year to $70.9 In 2021, we retained servicing rights for 84% of total loans sold,” Terry Schmidt , Guild’s president, told analysts. billion of unutilized loan funding capacity as of December 31, 2021. Guild had $243 million in cash and $1.5

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Marketing Loans Principal Mortgages 401

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 446

Residential Principal Development Renovation 446

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

FHA loan 382

FHA loan Mortgages Loan Officer VA loan 382

Housing Wire

FEBRUARY 2, 2023

However, the company was able to report a profit in an extremely difficult operating environment for residential mortgage originators in addition to seasonally low purchase origination volumes in Q4.” “Pennymac’s decline in profitability from Q3 2022 is credit negative,” Warren Kornfeld, Moody ’s senior vice president, said.

Marketing 330

Marketing Banks Principal Loans 330

Housing Wire

FEBRUARY 17, 2022

The performance of loan pools backing private-label securitization deals has continued to improve across most measurement metrics through the end of January after hitting a low point in mid-2020 at the height of the pandemic. With mortgage rates increasing [recently], prepayments on prime loans are retreating quickly from their highs.”.

Marketing 365

Marketing Staging Loans Principal 365

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 378

Mortgages Marketing Banks Investor 378

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

Mortgages 420

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 420

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 384

Equity Fixed-rate mortgage Principal Loans 384

Housing Wire

FEBRUARY 16, 2022

About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC). billion, or 8.2% billion increase, up from $257.1

Marketing 379

Marketing Principal Banks Loans 379

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

AUGUST 15, 2022

“Consumers are increasingly interested in HELOC and home-equity loan lending — leveraging rising home values to access affordable capital.”. One of the largest lenders in the country, Bank of America , also reported a big jump in overall home-equity loan originations over the first six months of 2022 — from about $1.7

Equity 431

Equity Lending Fixed-rate mortgage Loans 431

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 How lenders will benefit from Proctor Financial’s acquisition of Loan Protector. Presented by: Proctor Loan Protector. billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures.

Brokerage 343

Brokerage Principal Loans Branding 343

Housing Wire

NOVEMBER 17, 2022

The executive spoke during a panel at the 8th Annual Residential Mortgage Servicing Rights Forum, a conference held in Manhattan on November 14 and 15. Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. “It’s a scary situation.”

Marketing 402

Marketing Lending Loans Principal 402

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 355

Loans Investor Mortgages Principal 355

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 396

Equity Fixed-rate mortgage Principal Mortgages 396

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 398

Investor As-is Commercial Equity 398

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 435

Mortgages Banks Loans Industrial 435

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 mortgage industry to fund $4.1

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

FEBRUARY 8, 2022

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. 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%.

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Loans Principal Mortgages Industrial 370