Housing Wire

MARCH 18, 2024

Lennar Mortgage , a financial services subsidiary of Lennar Corp. will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology , ICE announced on Monday. In addition to Encompass and MSP, Lennar will also incorporate ICE’s consumer-facing Servicing Digital.

Loans 422

Loans Mortgages Technology Finance 422

Housing Wire

JANUARY 8, 2024

But don’t expect profitability to be significant compared to long-term historical averages as home prices still remain high. Median home prices trended lower for the fifth consecutive month on an absolute basis in November, down 5% from near-term highs in June. said Barker. for Fannie Mae and Freddie Mac pools.

Mortgages 440

Mortgages Marketing Banks Sales 440

Housing Wire

DECEMBER 12, 2023

The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. Both Haag and Haran were elected to serve three-year terms on the board of directors. Matthew Consalvo, the CEO of Arizona MLS (ARMLS), was re-elected to a second three-year term. “We

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MLS Technology Industrial Agents 399

Housing Wire

JANUARY 23, 2024

Financial services firm Consolidated Analytics acquired Real Info, Inc. — Consolidated Analytics expects the acquisition will result in a broader client base, strengthening the firm’s market presence and accelerating innovation in valuation services. Terms of the deal were not disclosed.

Due diligence 434

Due diligence Residential Real-estate owned Lending 434

Housing Wire

MARCH 26, 2024

Ellington Financial , the parent company of reverse mortgage industry lender and servicer Longbridge Financial , announced the successful closing of a new securitization backed by a pool of proprietary reverse mortgages initially originated by Longbridge. Line-of-credit versions are available in 18 states and D.C. It’s been a tough business.

Mortgages 434

Mortgages Investor Loans Industrial 434

Housing Wire

APRIL 26, 2024

” The financial terms of the settlement represent a sole obligation of HomeServices, with no participation by any parent entity, to effectively conclude the antitrust litigation. The New York Times first reported the story. The proposed agreement with HomeServices brings the total pending settlements north of $940 million.

Brokerage 414

Brokerage MLS Agents Branding 414

Housing Wire

APRIL 10, 2024

loans from mortgage services and place them in its portfolio at a fixed 2.5% The Veteran Affairs Servicing Purchase (VASP) program attempts to prevent foreclosure actions against military members still experiencing financial hardship due to the consequences of the COVID-19 pandemic. Department of Veteran Affairs (V.A.) interest rate.

Mortgages 384

Mortgages Loans Lending Marketing 384

Housing Wire

FEBRUARY 27, 2024

Financial services consulting firm ThoughtFocus appointed Santhosh Ananthakrishnan to the position of chief business officer. I am very impressed with the rich portfolio of long-term customer relationships that the firm has built,” Ananthakrishnan said in a statement. “I

Technology 376

Technology Development Industrial Mortgages 376

Housing Wire

FEBRUARY 14, 2024

According to those analysts, lenders may have sold their mortgage servicing rights (MSRs) throughout 2023 to increase short-term liquidity, putting them at a disadvantage when refis pick up. Why should lenders retain servicing? Maintaining MSRs generates servicing fee income and helps servicers improve the customer experience.

Investor 364

Investor Loans Mortgages Principal 364

Housing Wire

DECEMBER 22, 2023

The firm announced Thursday that MyHome , a WFG subsidiary, has acquired technology and marketing services provider Volly. The financial terms of the deal were not disclosed. Launched in 2004, 10 of the nation’s top 30 banks work with Volly. This acquisition was not the only major addition WFG made this year.

Title 415

Title Staging Technology Banks 415

Housing Wire

JANUARY 9, 2024

Established in 1997, 360 specializes in comprehensive online training solutions for individuals and businesses across industries – including financial services, real estate, healthcare and environmental health and safety. The financial terms of the transaction were not disclosed.

Mortgages 403

Mortgages Lending Loans Development 403

Housing Wire

FEBRUARY 1, 2024

Rampell will serve “for a term expiring at the company’s annual meeting of stockholders to be held in 2025 and until his successor is elected and qualified, subject to his earlier death, resignation, retirement, disqualification or removal.” Rampell will receive an annual cash retainer of $75,000, prorated for partial years of service.

Technology 401

Technology Finance Equity Mortgages 401

Housing Wire

DECEMBER 21, 2023

I’m here to debunk the myths and explain why every veteran and qualifying service member should embrace this well-deserved benefit and capitalize on the opportunities it presents. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

VA loan 437

VA loan Loans Mortgages Lending 437

Housing Wire

APRIL 5, 2024

In November 2023, Ginnie Mae pools remained relatively steady at 5.7%, and the low prepayment speeds “indicate mortgage servicing rights (MSR) amortization expense should continue to decline,” according to reporting by HousingWire’s Connie Kim. In the new guidance , Ginnie Mae explained recent sources of concern.

Mortgages 468

Mortgages Marketing As-is 468

Housing Wire

MARCH 28, 2024

Going forward, Better is focused on driving market share and reaching profitability in the medium term. Further, the seasoned loan officers are providing an increased level of service to consumers that enable us to improve revenue for loans while remaining market competitive.” Better Home & Finance Holding Co. ,

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Loan Officer VA loan Loans Technology 418

Housing Wire

JANUARY 26, 2024

More than half of mortgage executives who participated in Stratmor’s recent survey indicated that they do not believe their companies have turned the corner to become profitable when it comes to originations — excluding servicing. The silver lining for IMBs, in general, are their strong cash balances, the report noted.

Loans 453

Loans Banks Mortgages As-is 453

Housing Wire

FEBRUARY 28, 2024

A net loss in originations and a “drag from interest rate hedges exceeded net gains on proprietary loans, reverse MSR-related net assets and servicing income,” Herlihy explained. Economic outlook for Longbridge While Longbridge’s economic performance in Q4 2023 lagged compared to recent quarters — generating a net loss of $0.04

Mortgages 400

Mortgages Investor Equity Branding 400

Housing Wire

MARCH 28, 2024

Under the terms of NAR’s settlement agreement, the practice of cooperative compensation is still allowed, but it cannot be offered through a Multiple Listing Service (MLS). Sellers or buyers can pay the buyer’s agent’s fees. NAR also sent a letter to the U.S.

VA loan 442

VA loan Closing costs MLS Loans 442

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 410

Investor Bankruptcy Finance Equity 410

Mandrona Group

FEBRUARY 13, 2023

Whether you’re embarking on your first house-hunting journey or it’s time to sell your beloved home, one thing is certain: Read More

Agents 76

Agents 76

Housing Wire

APRIL 19, 2022

The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies.

Loans 492

Loans Principal Mortgages Real-estate owned 492

Housing Wire

JANUARY 3, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. This decision was made carefully to ensure the company is best positioned for the long term, while continuing to provide our customers with the highest level of service.”

Loan Officer 403

Loan Officer Development Mortgages Investor 403

Housing Wire

MARCH 3, 2024

In turn, rate/term refis , which have effectively been nonexistent for some time, made up 24% of all refinance activity to mark a two-year high. “We A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade.

Loans 501

Loans Debt-to-income ratio Lending Banks 501

Housing Wire

OCTOBER 31, 2023

The data includes Rocket Mortgage , United Financial Mortgage , Pennymac Financial Services (PFSI), loanDepot , Finance of America and Pennymac Mortgage Investment Trust. Mortgage servicing portfolio Many companies in the sector have servicing and origination segments that act as natural hedges against interest rate volatility.

Mortgages 424

Mortgages Finance Equity Sales 424

Housing Wire

NOVEMBER 27, 2023

Overall, purchase volume is now down 56% from the near-term peak in January 2021 and 9% below the previous trough in 2014. The drop in prepayment speeds indicates mortgage servicing rights (MSR) amortization expense should continue to decline, a positive development for mortgage companies with large servicing fee revenue streams.

Industrial 405

Industrial Mortgages Loans Banks 405

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan. As of Jan.

MLS 475

MLS Agents Design As-is 475

Housing Wire

APRIL 24, 2024

Online rent collection helps automate an otherwise often clunky system that might include checks or payment services, and smart home amenities can help optimize energy use and increase security. In spite of some slowdown, rents have continued to appreciate, being nearly 30% higher than prior to the pandemic, with February levels up 3.5%

Marketing 423

Marketing Investor Technology Industrial 423

Housing Wire

JANUARY 31, 2024

United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. More relief may come with the Federal Reserve’s decision to hold its short-term policy interest rate steady at 5.25% to 5.5% on Wednesday.

Loans 443

Loans Mortgages Closing Marketing 443

Housing Wire

APRIL 15, 2024

Mortgage experts added that struggling lenders — which laid off staff, received cash infusions and were overly enthusiastic about a market recovery after two years of shrinking originations — may be forced to find other options, such as mergers and acquisitions. Last week, the U.S. in March compared to a year earlier.

As-is 453

As-is Industrial Mortgages Loans 453

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC).

Principal 394

Principal Equity Mortgages Investor 394

Housing Wire

JANUARY 9, 2024

Weinbach, 50, will be in charge of the company’s operations, which includes originations, servicing and technology, Mr. Cooper announced on Tuesday. million and $3 million and be eligible for a long-term incentive for the 2024 fiscal year of $4.2 On the servicing side, it had 4.3 The effective date is Feb. ”

Lending 387

Lending Mortgages Technology Loans 387

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Terms of the deal were not announced.

Lending 359

Lending Title Technology Staging 359

Housing Wire

MARCH 8, 2024

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. February’s reading exceeded the average monthly gain of 230,000 over the prior 12 months.

MLS 444

MLS Construction Mortgages Sales 444

Housing Wire

MARCH 12, 2024

This includes our focus on purchase mortgage originations as well as our strategy of retaining our servicing, allowing us to generate more reliable cash flow, maintaining our customer relationships that support our customer for life philosophy.” Servicing segment net loss was $72.1 million in 2023, compared to net income of $328.6

Marketing 410

Marketing Mortgages Loans Finance 410

Housing Wire

FEBRUARY 12, 2024

As the mortgage industry grapples with a changing market and regulatory complexities, we sat down with Amanda Phillips, Executive Vice President of Compliance at ACES Quality Management , to discuss how lenders can foster long-term success through a robust servicing QC process.

Mortgages 397

Mortgages Loans Lending Technology 397

Housing Wire

JANUARY 18, 2024

The Laguna Beach program aims to fulfill a specific need for a city where approximately 28% of residents are age 65 and over, while local assisted living and memory care services are scarce.” The city of Laguna Beach, Calif. There, the figure is closer to 90% according to Rickie Redman, director of Lifelong Laguna.

As-is 438

As-is 438

Housing Wire

NOVEMBER 3, 2022

Retail lender and servicer Mr. Cooper has dropped the ax on approximately 800 staffers, roughly a week after hinting that job cuts were coming due to lower origination production. Mr. Cooper last week reported that its profits in the third quarter fell 58% from a year ago, to $113 million, boosted tremendously by its servicing portfolio.

Loan Officer 450

Loan Officer Loans Mortgages As-is 450