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. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9 million COVID-19 loss-mitigation actions.

Principal 432

Principal Loans Mortgages Renovation 432

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 410

Principal MLS Agents Brokerage 410

Housing Wire

MAY 8, 2024

billion in unpaid principal balance (UPB) in the first quarter, down 1.5% Top-five U.S. mortgage lender Newrez , owned by asset manager Rithm Capital , is imposing a round of layoffs to its workforce following the acquisitions of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). company with $536.6

Loan Officer 421

Loan Officer Principal Loans Mortgages 421

Housing Wire

MAY 7, 2024

Those who might benefit most are homeowners who want to access capital without affecting their budget or savings, because borrowers have no required principal or interest payments for as long as they are living in the property,” the article said. “A A reverse mortgage could also benefit those who might outlive their retirement savings.”

Mortgages 441

Mortgages Principal Equity Loans 441

Housing Wire

APRIL 16, 2024

The first Batton suit was filed in Illinois in January 2021 by Judah Leeder and later amended in July 2022 with Mya Batton as the lead plaintiff. The defendants in the suit include NAR, Anywhere , Keller Williams , HomeServices of America and RE/MAX.

Principal 421

Principal As-is 421

Housing Wire

FEBRUARY 27, 2024

Continuing a capital-light approach, we grew subservicing volumes by 6% year over year measured in UPB (unpaid principal balance) due to transactions with existing and new capital partners as well as winning new clients.” Ocwen Financial Corp., parent company of PHH Mortgage Corp.

Principal 421

Principal Mortgages Industrial As-is 421

Housing Wire

SEPTEMBER 22, 2023

Romeo Manzanilla, a seasoned Austin brokerage leader, was appointed principal, chief operating officer, and broker of record for the new firm. He still serves as its CEO and principal. Christie’s International Real Estate is poised to enter the Austin market this fall as it launches a new affiliate.

Brokerage 410

Brokerage Principal Branding Agents 410

Housing Wire

MARCH 5, 2024

Effective immediately, issuers of Ginnie Mae mortgage-backed securities must notify Ginnie Mae of any cybersecurity incident within 48 hours of its detection. This new requirement is an important step in further enhancing our cybersecurity framework to meet current and future needs.”

Principal 431

Principal Investor Finance Mortgages 431

Housing Wire

MAY 9, 2024

The company’s unpaid principal balance (UPB) in its servicing portfolio also grew by two percent to $86.3 Guild Holdings Company , parent company of Guild Mortgage , recorded a 6% increase in mortgage originations and much higher revenue levels in the first quarter of 2024 than in 2023. million, compared to a $93 million loss in Q4 2023.

Principal 382

Principal Technology Mortgages Loans 382

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. “We

Principal 406

Principal Land Residential Development 406

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer. Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday.

Principal 370

Principal Technology Agents Design 370

Housing Wire

MARCH 25, 2024

California-based multichannel mortgage lender HighTechLending appointed reverse mortgage industry veteran Brian Boccia to serve as a senior account executive in its third-party origination (TPO) channel. He joins the company after prior experience at companies like Mutual of Omaha Mortgage and Reverse Mortgage Funding (RMF).

Mortgages 432

Mortgages Principal Industrial Sales 432

Housing Wire

FEBRUARY 9, 2024

After enduring challenges stemming from higher interest rates, stricter qualifications and broader industry consolidation, loan officers seem to be optimistic about how things have progressed in the early portion of 2024. This is according to a series of RMD interviews with six reverse mortgage originators from across the U.S.,

Mortgages 432

Mortgages Principal Loans Loan Officer 432

Housing Wire

APRIL 11, 2024

This is only the beginning of the process and a lot of work will be required to get to where all parties want the IHA to be, according to Richard Monocchio, HUD’s principal deputy assistant secretary of public and Indian housing. But HUD is making it clear that former leadership is no longer involved in critical decision-making.

Principal 421

Principal Development Design As-is 421

Housing Wire

MAY 15, 2024

In the contemporary digital landscape , one of the principal threats to an organization’s cybersecurity infrastructure stems from sophisticated email phishing attacks. Phishing, a form of social engineering, entails deceitfully soliciting sensitive information by masquerading as a legitimate entity in digital communications.

Principal 272

Principal As-is Closing Technology 272

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 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

SEPTEMBER 26, 2023

The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. Quinn & Co. Realty Group joined Compass as its founding team in Madison, Wisconsin , the company announced on Tuesday. We are thrilled to welcome Quinn & Co. Quinn & Co. By joining Compass, the Quinn & Co.

Principal 410

Principal Technology Agents Industrial 410

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 409

Marketing Principal Banks Loans 409

Housing Wire

MARCH 29, 2024

These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit. Two key documents are at the center of the proposed changes. The newly proposed version has received several key revisions. Why are we on a 1009?

Mortgages 421

Mortgages VA loan Principal Loans 421

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

MARCH 27, 2024

VA borrowers will be the hardest hit if they have to shoulder buyer-side commissions, said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “VA The National Association of Realtors (NAR) urged the U.S. Concerns over the existing VA policies have been echoed among mortgage professionals.

VA loan 450

VA loan Loans Principal Mortgages 450

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.

Principal 432

Principal Brokerage Agents Technology 432

Housing Wire

MARCH 6, 2024

It produced $99 billion in unpaid principal balance (UPB) in 2023. Pennymac Financial Services has made changes to its technology leadership, creating a new role focused on digital innovations, the company announced on Tuesday. Hogan joined Pennymac in 2020 and previously served as its managing director of capital markets technology.

Technology 421

Technology Principal Commercial Mortgages 421

Housing Wire

MARCH 6, 2024

Low issuance is caused by higher interest rates, resulting in lower Principal Limit Factors (PLFs), combined with the high upfront Mortgage Insurance Premium (MIP),” Kelly explained. That was down 3.6% from the $445 million figure in January, according to Ginnie Mae data and private data compiled by New View Advisors.

Mortgages 440

Mortgages Seller concession Principal Loans 440

Housing Wire

FEBRUARY 13, 2024

The announcement was made by Marion McFadden, HUD principal deputy assistant secretary for community planning and development, as she was touring the island of Maui. HUD awarded $6.9 HUD awarded $6.9 A family of four earning less than $93,000, for example, is considered low income in Hawaii.

Principal 431

Principal Development Land Design 431

Housing Wire

MARCH 2, 2023

Ginnie Mae has promoted Sam Valverde to principal executive vice president, where he will serve as the the second-in-command to Ginnie Mae President Alanna McCargo. He was appointed to principal executive vice president in January 2023. The position is based in Washington, D.C. In fiscal year 2022, which ended Sept.

Principal 384

Principal Finance Loans Mortgages 384

Housing Wire

OCTOBER 11, 2023

The deal will add a mortgage servicing rights (MSR) portfolio of about $136 billion in unpaid principal balance to Rithm. CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s s $720 million acquisition of Computershare Mortgage Services Inc. 10-12 at the Hyatt Lost Pines. “The 10-12 at the Hyatt Lost Pines.

Principal 473

Principal Loans Investor Finance 473

Housing Wire

NOVEMBER 7, 2023

Servicing loanDepot’s unpaid principal balance increased to $143.9 CFO David Hayes said that in the quarter, the company sold excess agency mortgage servicing rights related to unpaid principal balances totaling $12 billion, resulting in a gain of $4 million. Total revenue declined as a result of lower origination volume.

Principal 421

Principal Loans Sales Mortgages 421

Housing Wire

OCTOBER 12, 2021

PNC Bank allegedly breached Fannie Mae ’s COVID-19 payment deferral agreement by continuing to charge homeowners who opted for the home retention option for past-due monthly principal and interest payments. Additionally, the lawsuit claims that PNC’s practices violated the Maryland Consumer Protection Act (MCPA).

Banks 384

Banks Principal Loans Lending 384

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

NOVEMBER 9, 2023

Until a new CFO is appointed, Kent Cheng, eXp World Holdings ’ chief accounting officer, will serve as the eXp’s principal financial officer, the company said in a statement. Meanwhile, Whiteside, who was CFO for five years, will stay at the company until Dec. 1 to support the transition.

Principal 409

Principal Brokerage Agents As-is 409

Housing Wire

FEBRUARY 22, 2024

The unpaid principal balance in its servicing book increased to $509 billion as of Dec. Rocket Companies , the parent of Rocket Mortgage , was in the red again in 2023 as it reported a GAAP net loss of $390 million. We once again made strides in market share, as our purchase and refinance share grew by double-digits in 2023. … Rocket has 2.5

Mortgages 432

Mortgages Principal Lending Loans 432

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 billion, analysts wrote in a report on Monday. In addition, NYCB is also responsible for a subservicing portfolio close to $300 billion in UPB, comprehending about 1 million loans, per KBW analysts’ estimate.

Sales 440

Sales Banks Principal Loans 440

Housing Wire

JUNE 28, 2023

“Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. Automated comparison checks can help solve one of the biggest issues in mortgage banking: a lack of trust in data provided by borrowers and lenders.

Industrial 397

Industrial Mortgages Principal Loans 397

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. million, with all the loans deemed delinquent. In total, 99.3% are in active foreclosure.

Loans 397

Loans FHA loan Principal Marketing 397

Housing Wire

APRIL 7, 2022

The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.”. million; and pool 3, $367.4

Loans 370

Loans Sales Due diligence Principal 370

Housing Wire

APRIL 4, 2024

Announced by Marion McFadden, HUD principal assistant secretary for community planning, at a Habitat for Humanity event in Nashville, the $13.5 Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 million), while Washington, D.C.’s million).

Equity 346

Equity Principal Development Construction 346