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 A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

Loans 388

Loans Purchase and sale agreement Principal Due diligence 388

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Revenue decreased by 10% year over year to $1.34 Revenue was revised down to $241.20

Principal 417

Principal MLS Agents Brokerage 417

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. billion in originations, up nearly 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF).

Investor 384

Investor Principal Loans Lending 384

Housing Wire

AUGUST 26, 2024

Rate declines will impact companies differently based on their business model,” said Craig Freel, partner and co-chief investment officer at Rice Park Capital Management , an investor in residential mortgage assets. trillion unpaid principal balance (UPB). That will offset some of the losses. trillion once the Flagstar deal closes.

Mortgages 440

Mortgages Banks Debt-to-income ratio Loans 440

Housing Wire

JULY 8, 2024

He began his career in 2009 as a residential real estate advisor at Cooper & Cooper Real Estate. Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. for the week ending on June 30. s agents and team leaders. According to data from SERHANT.,

Agents 528

Agents Residential Sales Closing 528

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Land 413

Land Principal Residential Development 413

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 388

Banks Bankruptcy Loans Investor 388

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.”. Mortgage rates have nearly doubled to around 6.5% Kurt Carlton, President of New Western.

Mortgages 430

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 430

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 370

Mortgages Banks Marketing Residential 370

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. “The

Industrial 388

Industrial Mortgages Principal Loans 388

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 430

Mortgages Residential Principal Lending 430

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 403

Equity Fixed-rate mortgage Principal Mortgages 403

Housing Wire

DECEMBER 13, 2023

Net issuance in MBS represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. A recent report from real estate investment firm The Amherst Group forecasts that the combined net issuance of agency MBS is projected at $250 billion for 2023, compared with $530 billion last year.

Mortgages 417

Mortgages Marketing Banks Investor 417

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 388

Equity Fixed-rate mortgage Principal Loans 388

Housing Wire

MARCH 17, 2022

Similarly, the Federal Housing Finance Agency ’s [FHFA’s] suspension of the cap on agency purchases of investment properties and second homes this past September has continued to create a drag on those deals flowing into the PLS market. Pelka agrees that the PLS market is under pressure. “In

Loans 418

Loans Marketing Due diligence Residential 418

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 451

Mortgages Banks Loans Industrial 451

Housing Wire

FEBRUARY 14, 2023

When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase.

Loans 370

Loans Investor Mortgages Principal 370

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 KBRA seems to think so as well. KBRA seems to think so as well. billion. “Non-conforming

Marketing 387

Marketing Debt-to-income ratio Loans Mortgages 387

Housing Wire

FEBRUARY 8, 2022

But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. Larry Goldstone is tired of being ghosted. He is used to it by now, but the problem has only gotten worse since the beginning of the COVID-19 pandemic. We service their loans.

Loans 370

Loans Pre-approval Mortgages Principal 370

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.

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

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. OK, let’s start at the beginning: What Is a CCIM Designation?

Residential 105

Residential Design Agents Commercial 105

Housing Wire

FEBRUARY 8, 2022

Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. 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%. Scott Murphy, CEO of D.S.

Loans 370

Loans Principal Mortgages Industrial 370

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. Orchard has also raised a total of $220 million in debt financing since its September 2017 inception.

Title 351

Title Branding Principal Loans 351

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%

Equity 282

Equity Short sale Principal Loans 282

Housing Wire

JULY 28, 2022

While the options are more expensive and more costly to finance, the growing number (of home sales from a year ago) will help the real estate market rebalance, giving potential buyers a much-needed refresh,” Hale said. Since the Fed’s June interest rate increase of 75 bps, mortgage rates in recent weeks crept closer to 5.5%.

Marketing 310

Marketing Loan Officer Mortgages Lending 310

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

Agents 417

Agents Design Construction Branding 417

C4D Crew

SEPTEMBER 5, 2024

Each module is constructed according to the International Residential Code (IRC) and local building regulations. Financing : Obtaining a mortgage for prefab homes can sometimes be more complicated than for conventional homes, since you’re not always able to use a mortgage. They are then transported to the site and assembled.

Land 52

Land Construction VA loan FHA loan 52

Housing Wire

JANUARY 25, 2023

As of the start of this year, Wells Fargo’s all-agency MSR portfolio included some $608 billion in loans serviced based the unpaid principal balance, or 7.3% Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. of the entire $8.4

Banks 388

Banks Loans Mortgages Sales 388

Realty Biz

MARCH 16, 2023

Even though the government has the home affordable foreclosure alternatives program and the principal reduction program for mortgages, a lot of lenders have developed their own programs. They should sit down with their own certified home finance counsel or if they want to keep the property to see if a modification is an option.

Short sale 92

Short sale Investor Technology Principal 92

Broke Agent Media

MAY 19, 2023

Last week, the Federal Housing Finance Agency (FHFA) announced its decision to rescind upfront fees for loan-level pricing adjustments (LLPAs) based on borrowers’ debt-to-income (DTI) ratios. But for the National Association of Realtors® (NAR), that action alone isn’t enough. Uncertainty in the U.S. This year, U.S.

Mortgages 75

Mortgages Principal Finance Commercial 75

Realty Biz

FEBRUARY 7, 2022

However, most people must consider many other variables when deciding how long to finance their homes. Maybe in a few more years, they could start making extra payments towards the principal to reduce the total interest cost further and pay it off in less than 20 years. Ask Brian is a weekly column by Real Estate Expert Brian Kline.

Debt-to-income ratio 85

Debt-to-income ratio Mortgages Principal Finance 85

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Not to mince words: title is hard.

Commercial 430

Commercial Brokerage Due diligence Title 430

Marco Santarelli

AUGUST 2, 2024

Monthly Mortgage Payment (Principal + Interest) $2,851 +15% Calculation of Monthly Mortgage Payment : For a median home price of $426,900 at an average mortgage rate of 7.07% , the monthly payment (principal and interest) amounts to $2,851. This decision has further constrained the available housing supply.

Marketing 52

Marketing Seller concession Investor Principal 52

Realty Biz

MARCH 3, 2022

Ron Cika, who serves as principal broker, founded the firm in 2000 and thereafter started Nexstar Title and Escrow in 2008, US Assurance Insurance Agency in 2020 and Millennium Mortgage in 2021. has affiliated with the ERA® brand. The firm, which serves Southeast Florida from St. Alex Cika has served as managing broker since 2004.

Branding 74

Branding Principal Brokerage Title 74

Realty Biz

MAY 25, 2022

Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. The keywords here are that these are ways to finance large expenses. This is when the full principal and interest payments begin. In general, a home equity loan is a better financial tool for most consumers.

Equity 80

Equity Loans Principal Finance 80

RIS Media

NOVEMBER 19, 2020

A broker associate at Dave Perry-Miller & Associates in Dallas, Rouda Smith specializes in residential and ranch and country real estate alongside her husband, Brian, and their children, all of whom are REALTORS®. A REALTOR® for more than two decades, she is principal broker at Lane-Harkins Commercial Real Estate LLC in Flowood, Miss.,

Commercial 90

Commercial Residential Principal Equity 90

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). The 203(k) offering has two separate programs. Updates have been made to both variations.

Loans 430

Loans Renovation Principal Finance 430