Housing Wire

SEPTEMBER 16, 2022

Fannie Mae has completed the sale of its 27 th reperforming-loan offering since the inaugural transaction in 2016. The deal represents Fannie Mae’s fourth reperforming-loan sale this year and involves a total of some 6,060 loans valued at $986.4 Terms of the sale were not disclosed. million; pool 2, 2,217 loans valued at $338.9

Sales 392

Sales Principal Loans Banks 392

Housing Wire

FEBRUARY 8, 2022

Fannie Mae this week unveiled its 24th sale of reperforming loans since its first offering in 2016. The current deal is composed of more than 8,000 mortgages with an aggregate unpaid principal balance of $1.3 million in unpaid principal balance; pool 2 is at $622.6 reperforming loan sale appeared first on HousingWire.

Loans 355

Loans Sales Principal Mortgages 355

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 348

Sales Mortgages Principal Equity 348

Housing Wire

JUNE 14, 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

Loans 359

Loans Purchase and sale agreement Sales Principal 359

Housing Wire

OCTOBER 14, 2021

Sales of reperforming loans nosedived in 2020 as the pandemic took root in America, but sales volume appears to have recovered with vigor, based on an analysis of RPL offerings for government-sponsored enterprise Fannie Mae. billion — or a bit more than half of the RPL sales volume recorded this year and $5.7 Already a member?

Loans 346

Loans Sales Principal Mortgages 346

Housing Wire

MARCH 5, 2024

Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 We estimate that an MSR sale could benefit CET 1 by 10-15 bp.” NYCB became a large mortgage servicer after the acquisition of Flagstar Bank in December 2022. billion, analysts wrote in a report on Monday.

Sales 347

Sales Banks Principal Loans 347

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. From NAR: Total existing-home sales waned 7.7%

Sales 513

Sales Mortgages Principal Short sale 513

Housing Wire

DECEMBER 21, 2022

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

Sales 354

Sales Mortgages Principal Days on market 354

Housing Wire

OCTOBER 21, 2021

The MSR offering involves a loan pool of 4,201 Fannie Mae loans with an unpaid principal balance of $1.15 billion and 3,661 Freddie Mac loans with a total unpaid principal balance of slightly more than $1 billion. The post Rising rates, tax questions driving MSR sales surge appeared first on HousingWire. Become a member today.

Sales 307

Sales Principal Loans Mortgages 307

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” In January 2022, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 322

Sales Mortgages Loans Loan Officer 322

Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with an unpaid principal balance of $36.3

Loans 371

Loans Purchase and sale agreement Sales Principal 371

Housing Wire

APRIL 8, 2022

Deephaven Mortgage hired Anthony Gulotta to lead wholesale sales on the East Coast, the non-QM lender announced this week. Gulotta has spent more than three decades on mortgage operations and wholesale sales, with stints at Movement Mortgage , Figure , Premier Lending , Quicken Loans (now Rocket Mortgage ), and Wells Fargo. “I

Sales 356

Sales Lending Principal Banks 356

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 283

Investor Sales Mortgages Loan Officer 283

Housing Wire

AUGUST 10, 2022

The unpaid principal balance of mortgage loans that UWM services for others as of June 30 stood at $308.1 The sale of MSRs does not directly impact earnings as a revenue stream, given the MSRs are already accounted for as assets on the balance sheet. million increase in the fair market value of its MSR portfolio.

Sales 390

Sales Purchase and sale agreement Loans Mortgages 390

Housing Wire

FEBRUARY 21, 2024

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae.

Principal 375

Principal Loans Mortgages Renovation 375

Sotheby's International Real Estate

JANUARY 20, 2022

Ordino, The Principality of Andorra | Narcís Socías Tomàs, Andorra Sotheby’s International Realty . This brand new, magnificent property for sale in Ordino is in an exclusive residential area located in the middle of nature with breathtaking views.

Principal 96

Principal Residential Development Branding 96

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion. in a deal valued at $500 million in cash and retained interest.

Sales 386

Sales Mortgages Branding Principal 386

Housing Wire

MAY 7, 2024

Describing reverse mortgages as originating in 1961 before coming to greater prominence through the establishment of the HECM program during the Reagan administration, one of two recent NAR articles dealing with reverse mortgage-related subject matter stated that home sales and purchases are becoming a more common topic within HECM circles.

Mortgages 426

Mortgages Principal Equity Loans 426

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 reperforming-loan sale is slated to close by late October 2022, after due-diligence period. billion.

Loans 378

Loans Purchase and sale agreement Principal Due diligence 378

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. million in sales in 2022, according to the RealTrends 2023 America’s Best list.

Principal 389

Principal Brokerage Agents Technology 389

Housing Wire

SEPTEMBER 29, 2023

homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5% the month prior. Due to a lack of supply, prices overall have been on the upswing.

Mortgages 498

Mortgages Principal Brokerage Finance 498

Housing Wire

MARCH 25, 2024

To get a better understanding of all the dynamics in play, RMD sat down with Boccia and Eric Ellsworth, HighTechLending’s executive vice president of national sales. Ellsworth also credits Boccia’s energy as an intangible element that can help lift the entire sales team, he said. Brian has the ability to elevate that with a team.

Mortgages 408

Mortgages Principal Industrial Sales 408

Housing Wire

NOVEMBER 7, 2023

million in sales volume in 2022. billion in sales volume in 2022 across 6,080 transaction sides. 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. In all, BCP agents notched $4.2

Mortgages 402

Mortgages Principal Brokerage Lending 402

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. Concerns over the existing VA policies have been echoed among mortgage professionals.

VA loan 441

VA loan Loans Principal Mortgages 441

Housing Wire

NOVEMBER 7, 2023

loanDepot had “lower pull through weighted lock volume partially offset by higher pull through weighted gain-on-sale margin.” The pull-through gain-on-sale margin was 2.93% in the third quarter, better than the 2.85% registered in the previous quarter. Servicing loanDepot’s unpaid principal balance increased to $143.9

Principal 402

Principal Loans Sales Mortgages 402

Housing Wire

NOVEMBER 28, 2023

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. Home prices appreciated in almost all 50 states year over year.

Principal 463

Principal MLS Finance Mortgages 463

Housing Wire

JULY 18, 2023

Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He has a background in managing sales operations and brokering transactions between clients in the U.S. In 2022, he recorded a sales volume of $30 million. and Mexico.

Agents 359

Agents Loan Officer Principal Brokerage 359

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. The Blankfeld Group came in No.

Principal 380

Principal Technology Equity Residential 380

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

MAY 9, 2024

million in Q4 2023, driven by improved origination volume, gain on sale margins and growth in the company’s servicing portfolio. The company’s unpaid principal balance (UPB) in its servicing portfolio also grew by two percent to $86.3 Net revenue sharply increased to $231.8 million from only $57.2 billion, the company said.

Principal 291

Principal Technology Mortgages Loans 291

Housing Wire

DECEMBER 7, 2023

Tuesday Making Sense of Wild Housing Data for 2023 Speaker: Logan Mohtashami, Lead Analyst, HousingWire Watch Now Sponsored by: Busting the Top Myth in Mortgage Through Ai Speakers: Pavan Agarwal, CEO, Sun West Mortgage Company Diego Sanchez, COO, HousingWire Watch Now Fireside chat: Guaranteed Rate Affinity and Coldwell Banker Bain Speakers: Karen (..)

Principal 363

Principal Title Lending Branding 363

Housing Wire

NOVEMBER 2, 2023

However, gain-on-sale margins posted for the third quarter of 2023 were 276 points, up from the previous quarter’s 267 points. “We This was the result of strong execution and continued expansion in the gain-on-sale margin.” billion of unpaid principal balance to its portfolio. Rocket generated $22.2 billion in Q2 2023.

Principal 405

Principal Loans Technology Mortgages 405

Housing Wire

JULY 1, 2022

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% of the loans modified included a principal deferral, the OCC said. trillion in unpaid principal balance, the report said. year-over-year to 2,410, the OCC found. compared to 94.2%

Banks 382

Banks Mortgages Principal Short sale 382

Housing Wire

FEBRUARY 23, 2024

“Our decision to offboard a significant number of unproductive agents during the fourth quarter resulted in a decrease in our agent count quarter-over-quarter, the retention of our most productive agent cohorts remained excellent,” Kent Cheng, principal financial officer at eXp World Holding, said.

Agents 373

Agents Principal Residential Sales 373

Housing Wire

APRIL 30, 2024

At the end of March, Rithm had $587 billion in unpaid principal balance, relatively unchanged from the end of December and up 15% year over year. Gain-on-sale margins marginally recovered to 1.29% in the first quarter, up from 1.23% in the previous quarter. million in pretax income. This is not a race to get bigger.

Mortgages 371

Mortgages Equity Principal Finance 371

Housing Wire

FEBRUARY 22, 2024

Gain-on-sale margins posted for Q4 2023 were 268 points, down from the previous quarter’s 276 points. The unpaid principal balance in its servicing book increased to $509 billion as of Dec. Rocket originated $17 billion in mortgages in Q4 2023, down from $22.2 billion in in Q3 2023. compared to the $19 billion volume in Q4 2022.

Mortgages 413

Mortgages Principal Lending Loans 413

Housing Wire

APRIL 14, 2023

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. The report was based on unnamed sources and indicated the sales were being handled “inhouse.” billion based on the unpaid principal balance (UPB), down from $679.2

Principal 402

Principal Loans Banks Mortgages 402