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 The FNMA 2022-RPL4 transaction involves three loan pools — with pool 1 composed of loans with about $341.6

Loans 382

Loans Purchase and sale agreement Principal Due diligence 382

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 406

Mortgages Principal Brokerage Lending 406

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. She holds an A.B. from Smith College, an M.P.A.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

FEBRUARY 23, 2024

eXp delivered solid revenue in the fourth quarter, despite continued weakness in the United States residential real estate market, thanks to our global base of highly productive agents ,” Glenn Sanford, founder, chairman, and CEO of eXp World Holdings, said in a statement. In the last quarter of 2023, operating expenses rose to $1.01

Agents 390

Agents Principal Residential Sales 390

Housing Wire

JULY 1, 2022

of the loans modified included a principal deferral, the OCC said. million first-lien residential mortgages with $2.6 trillion in unpaid principal balance, the report said. This represents 22% of all residential mortgage debt outstanding in the nation. included an interest rate reduction, 84.2% compared to 94.2%

Banks 383

Banks Mortgages Principal Short sale 383

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 328

Equity Mortgages Banks Commercial 328

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375. 3 rank in Nevada by that measure.

Principal 394

Principal Technology Equity Residential 394

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.

Agents 366

Agents Loan Officer Principal Brokerage 366

Sotheby's International Real Estate

AUGUST 24, 2020

The Principality of Andorra | Andreu Cañadas , Andorra Sotheby’s International Realty. Located in the incomparable natural setting of Sant Miquel d’Engolasters, this exclusive 13-penthouse-unit new development named ESCALA defines the discreet luxury lifestyle in the Principality of Andorra.

Principal 64

Principal Development Commercial Construction 64

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. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 371

Sales Mortgages Principal Equity 371

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

Finance 378

Finance Principal Residential Development 378

Housing Wire

JUNE 3, 2022

Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2 Key to EBO offerings is the fact that the FHA guarantees 100% of the principal balance on the loans it insures. Its servicing portfolio for all-agency loans based on unpaid principal balance stood at $374.8

Loans 377

Loans FHA loan Principal Marketing 377

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 436

Residential Principal Development Renovation 436

Housing Wire

NOVEMBER 24, 2020

Homesnap has great relationships, data , software, and tools for residential real estate professionals that are complementary to our existing offerings ,” Florance said. Principal Broker and CEO of Urban District Realty Ryan Fiero said that demand for the product led to the decision to make PROJETO available to more in the industry.

Principal 427

Principal Residential Commercial Development 427

Housing Wire

DECEMBER 21, 2022

In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. On a yearly basis, existing home sales are down 35.4%. “In

Sales 368

Sales Mortgages Principal Days on market 368

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.

Principal 304

Principal Banks Loans Residential 304

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 372

Banks Bankruptcy Loans Investor 372

Housing Wire

MARCH 21, 2022

When a loan is offered to buy land that will not be used to build a covered residential framework, RESPA doesn’t have to look into the loan. While RESPA does not apply to a loan to an individual entity, it applies in the case of one to four residential unit rental properties. Loan for vacant land. Loans for large land parcels.

Agents 325

Agents VA loan Land Construction 325

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

Marketing 381

Marketing Bankruptcy Loans Principal 381

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 323

Residential Principal Loans Mortgages 323

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.

Investor 300

Investor Principal Loans Lending 300

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity.

Investor 358

Investor Renovation Principal Loans 358

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.

Loans 378

Loans Principal Mortgages Lending 378

Redfin

AUGUST 29, 2023

In the realm of residential architecture, where dreams and blueprints merge to create the very spaces we call home, the choice of an architect is a significant decision. The post 19 Essential Questions to Ask a Residential Architect Before Hiring Them appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Residential 65

Residential Design Construction Land 65

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 345

Mortgages Banks Marketing Residential 345

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. Bottom Line: Is a CCIM Designation Worth It for Residential Agents in 2020?

Residential 105

Residential Design Agents Commercial 105

Housing Wire

FEBRUARY 14, 2024

For example, using the API with FICS ’ mortgage servicing software Mortgage Servicer , lenders can maximize their capabilities, ensuring a user-friendly solution for servicers that automates residential servicing operations. Another critical aspect of seamless reporting is having direct access to all loan data in the database.

Investor 336

Investor Loans Mortgages Principal 336

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 344

Industrial Mortgages Principal Loans 344

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 315

Marketing Banks Principal Loans 315

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 417

Mortgages Residential Principal Lending 417

Housing Wire

MARCH 10, 2022

The company’s unpaid principal balance increased 18% last year to $70.9 In May, Guild announced the acquisition of Maine-headquartered retail lender Residential Mortgage Services Holdings for $196.7 We have been building the scale, relationship, and expertise in purchase over the last years.”

Marketing 390

Marketing Loans Principal Mortgages 390

Housing Wire

MARCH 22, 2023

In return, rates will continue to fluctuate over the coming weeks as incoming data changes and market participants adjust to the new reality as it unfolds, Green projected.

Industrial 384

Industrial Mortgages Purchase and sale agreement Banks 384

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 415

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 415

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 383

Equity Fixed-rate mortgage Principal Loans 383

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 390

Equity Fixed-rate mortgage Principal Mortgages 390

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. at close of the New York Stock Exchange on Thursday. The New York City-headquartered company began offering shares Thursday morning. billion.

Brokerage 324

Brokerage Principal Loans Branding 324

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 381

Investor As-is Commercial Equity 381