Housing Wire

MAY 17, 2024

Financial planners are an important referral source for reverse mortgage professionals, and Finance of America (FOA) vice president of retirement strategies Steve Resch has been at the head of the company’s conversations with planners to help them understand how much utility a reverse mortgage could have for improving a client’s retirement.

Mortgages 310

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Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). on a per-unit basis.

Mortgages 413

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Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Finance 409

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Housing Wire

SEPTEMBER 28, 2023

mortgage delinquencies remained near a record low in July, with the share of homes entering that status or progressing to later stages either unchanged or lower,” said Molly Boesel, principal economist for CoreLogic , in a news release. On home equity , Boesel noted that home-price growth should pick up over the next year.

Mortgages 433

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Housing Wire

MAY 10, 2023

In total, Mr. Cooper is acquiring Home Point’s $84 billion servicing portfolio, which will contribute to Mr. Cooper’s return on equity with an estimated 10% increase to operating earnings in the first year. million customers and $853 billion in unpaid principal balance (UPB) at the end of March. Mr. Cooper had 4.1

Equity 394

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Housing Wire

OCTOBER 2, 2023

While the average unpaid principal balance of borrowers entering a refinance has fallen from $319K in early 2020 to $183K in August 2023, it is even lower ($165K) among cash-outs specifically. Alongside rising interest rates, the average equity withdrawal among cash-out refinances has also risen by nearly 90% from its low in 2020.

Mortgages 417

Mortgages Equity Lending Principal 417

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? What is home equity?

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Equity Finance Loans Closing costs 102

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 Marty Green thinks of the housing market in 2022 as two very different movies.

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Housing Wire

MAY 3, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 395

Equity Fixed-rate mortgage Principal Mortgages 395

Housing Wire

JUNE 1, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 383

Equity Fixed-rate mortgage Principal Loans 383

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” Jon McCue All things considered, the drop observed last month was not a big surprise, according to Jon McCue, director of client relations at RMI.

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Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter.

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Housing Wire

DECEMBER 6, 2023

The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. At the end of September, Pennymac had a debt-to-equity ratio of 2.6 Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. In total, $1.8

Principal 401

Principal Equity Mortgages Investor 401

Housing Wire

APRIL 24, 2024

PennyMac Financial reported strong operating earnings in the first quarter, with an annualized operating return on equity of 15 percent in what is expected to be the one of the smallest quarterly origination markets of this cycle,” chairman and CEO David Spector said in a news release. That was less than the $38.1

Lending 415

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Housing Wire

JANUARY 30, 2024

Since Covid], the IMB [independent mortgage bank] group has retained a lot of MSRs that they had not retained historically as a group,” said Nick Smith, founder, managing partner and CEO of private-equity firm Rice Park Capital Management (RPCM), an active MSR buyer. As of January 2024, that figure had jumped to $8.636 trillion.

Marketing 394

Marketing Principal Banks Loans 394

Housing Wire

SEPTEMBER 1, 2023

In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations. Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success.

Technology 445

Technology Development Title Lending 445

Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. More than 11 million Americans are estimated to be behind on their rent, and minorities are at a higher risk for eviction than White renters, according to data from the Private Equity Stakeholder Project.

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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 On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said.

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Housing Wire

AUGUST 7, 2023

In addition, Compass also reported an increase of 429 principal agents compared to a year ago and a retention rate of over 90%. “We Greg Hart, Compass’ chief operating officer, added: “We continue to grow our principal agent count since we eliminated cash and equity sign on incentives last summer. Maryland and Virginia.

Brokerage 369

Brokerage Principal Title Equity 369

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. The holding company will invest in finance, insurance, and real estate businesses. The holding company will invest in finance, insurance, and real estate businesses. Chicago-based mortgage originator Interfirst Mortgage Co.

Mortgages 352

Mortgages Investor Loan Officer Principal 352

Housing Wire

OCTOBER 26, 2021

A source told Bloomberg that the latest financing – split between $28.5 million in equity and $24 million in debt – valued the company at $450 million. Existing investors TTV Capital , Prudence , and Rotor Capita l participated in the round, as well as Wells Fargo Strategic Capital. Presented by: Iron Mountain.

Mortgages 381

Mortgages Principal Loans Investor 381

Housing Wire

MARCH 2, 2021

The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. million in 2021.

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Keeping Current Matters

NOVEMBER 10, 2020

In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family in the U.S.”. As home values increase and you make payments toward your home loan, you’ll gain wealth through equity. See graph below): Bottom Line.

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Keeping Current Matters

MARCH 16, 2021

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”. The average equity gain of mortgaged homes in the last year was $26,300. There was a 16.9%

Equity 268

Equity Principal Banks Finance 268

Point2Homes

FEBRUARY 3, 2021

Applying for a Home Equity Line of Credit ( HELOC ) is a common way to cover your expenses, especially if you’ve already built up 20% equity in your home. Home Equity Loans. If your home renovations are very costly, or they require you to have a lump sum ready in advance, a home equity loan is a good choice.

Renovation 98

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Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co.

Mortgages 436

Mortgages Banks Loans Industrial 436

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending. They are bound to do more.

Banks 492

Banks Lending Loans Principal 492

Realty Biz

MAY 25, 2022

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are not the same thing. In general, a home equity loan is a better financial tool for most consumers. Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. Especially a HELOC. This is seldom a good idea.

Equity 79

Equity Loans Principal Finance 79

RIS Media

SEPTEMBER 21, 2021

As more than 31 million small businesses across the country were recognized during National Small Business Week, it’s a good time to look at how small, local operations drive so much of the economy and search for ways to continue to level the playing field for them and for consumers. In fact, of the 1.5

Equity 111

Equity Marketing Principal Banks 111

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% What are the experts saying?

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Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. How a pragmatic approach to eClosings helps lenders succeed during COVID-19 and beyond. Find out what those are here.

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HomeLight

DECEMBER 27, 2023

Unlock Your Equity Faster With a Cash Offer Consider going through HomeLight’s Simple Sale platform to access the equity of your existing home quickly. Tell us a little bit about your property, and we’ll provide you with an all-cash offer within a week. Learn More 1.

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Realty Biz

MARCH 21, 2024

If you have significant equity in your home, it might be possible to consolidate your debt using a home equity loan or a home equity line of credit. If you have significant equity in your home, it might be possible to consolidate your debt using a home equity loan or a home equity line of credit.

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Keeping Current Matters

APRIL 12, 2021

As an example, about 50% of all mortgages are backed by the Federal Housing Finance Agency (FHFA). 5% were granted a loan deferral where a borrower does not have to pay the lender interest or principal on a loan for an agreed-to period of time. Homeowners have record levels of equity today. 9% were given a loan modification.

Equity 255

Equity Banks Loans Lending 255

Housing Wire

NOVEMBER 3, 2022

The consolidation fervor is being fed by several factors, according to David Hrobon, a principal with Stratmor. We are probably in the first few innings of a clean-up exercise on the housing-finance, nonbank-originator [IMB] side. The outlook is not good for large cohorts of the industry.”. trillion in 2021.

Banks 395

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Realtor.com

OCTOBER 29, 2020

If you’re a homeowner, you have options that involve tapping into your home equity —the difference between what your home is worth and how much you owe on your mortgage. There are three main ways to tap into home equity, but sorting through those options can be confusing. Home equity loan. Cash-out refinance.

Equity 76

Equity Loans Closing costs Principal 76

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Rob Nunziata, co-CEO and co-founder of FBC Mortgage For example, in a 2-1 buydown, the rate may start at 4.2% in year three.

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