Calculated Risk Real Estate

SEPTEMBER 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 124

Closing Equity Principal Short sale 124

Calculated Risk Real Estate

MARCH 7, 2024

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. Mortgage debt is up $2.36

Closing 67

Closing Equity Principal Short sale 67

Housing Wire

OCTOBER 19, 2022

Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 331

Sales Mortgages Principal Equity 331

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 non-Bank financial institutions at Fitch Ratings. over asking price. High octane stuff.

Equity 485

Equity Marketing Loans Bankruptcy 485

Calculated Risk Real Estate

JUNE 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 94

Closing Equity Principal Short sale 94

Housing Wire

OCTOBER 25, 2023

On Wednesday, top executives at the company told analysts that Mr. Cooper is now the largest servicer in the country and will continue to grow its portfolio by acquiring large bulks of mortgage servicing rights (MSRs), mainly from banks expecting additional capital requirements through Basel III rules. Cooper had 4.3 billion in Q2 2023.

Purchase and sale agreement 326

Purchase and sale agreement Equity Principal Banks 326

Calculated Risk Real Estate

DECEMBER 7, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 69

Closing Equity Principal Short sale 69

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 In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. Another private-equity player in the MSR space is St.

Purchase and sale agreement 339

Purchase and sale agreement Marketing Equity Banks 339

Housing Wire

JUNE 3, 2022

The more recent offerings — Lakeview Trust 2022-EBO2, which closed in late April; and Lakeview Trust 2022-EBO3, set to close in early June — also involve EBO loans, according to KBRA ratings reports. Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2

Loans 344

Loans FHA loan Principal Marketing 344

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.” In the case of large institutions such as Bank of America , Wells Fargo , and MetLife , we never regained their lost volume. This represents $15.6

Mortgages 380

Mortgages Bankruptcy Principal Finance 380

Housing Wire

SEPTEMBER 20, 2023

That demand means now is an opportune time for smaller, struggling independent mortgage banks (IMBs) to sell MSRs to manage cash flow and their balance sheets as pricing is likely at a high point in the market. “I Bank agency MSR holdings totaled $2.78 As of September 2023, bank agency MSR holdings stood at $2.75

Banks 346

Banks Loans Principal Investor 346

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% 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. Until the upfront MIP is restructured, it will keep origination volume down.

Mortgages 335

Mortgages Seller concession Principal Loans 335

Housing Wire

JULY 26, 2023

million customers and $882 billion in unpaid principal balance (UPB) at the end of June, compared to $853 billion at the end of March. The Home Point deal is expected to close in the third quarter, with loans onboarding in late 2023 or early 2024, executives told analysts. on Wednesday around noon, up 5.73% from the previous closing.

Loans 309

Loans Principal Banks Closing 309

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 407

Technology Development Title Lending 407

Housing Wire

MAY 16, 2022

As banks and non-bank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios. Rocket posted $54 billion in closed loans from January to March, down from $75.8

Principal 348

Principal Banks Loans Lending 348

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. We closed a $10 billion deal not long ago,” he said. Overall, as of December 6, 2021, Recursion’s data show banks controlled 33.2%

Marketing 346

Marketing Principal Banks Loans 346

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

APRIL 14, 2023

At a time when the banking system is making headlines, housing finance regulators should appreciate the strength, stability and resilience of the conventional mortgage market backed by private mortgage insurance. Seth Appleton is the president of the U.S. Mortgage Insurers.

Finance 320

Finance Equity Mortgages Principal 320

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? According to CoreLogic , U.S.

Equity 99

Equity Finance Loans Closing costs 99

Housing Wire

DECEMBER 29, 2023

Jon Overfelt, director of sales and principal at American Security Mortgage Corp. Home equity is really a no-brainer today. Brady Thomas , branch manager at American Pacific Mortgage Home equity products will continue to be attractive options for homeowners looking for specific needs.

Mortgages 437

Mortgages Loan Officer Loans Equity 437

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well.

Mortgages 391

Mortgages Banks Loans Industrial 391

Housing Wire

AUGUST 26, 2022

HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow of the housing market and what Flagstar is doing to help clients remain at the top of their game during this turbulent time. The same is true for non-qualified mortgages.

Mortgages 321

Mortgages VA loan Loans Technology 321

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 313

Principal Loans Technology Mortgages 313

Realty Biz

SEPTEMBER 27, 2023

It belongs to the bank until you pay off the mortgage, which happens more slowly than you might like. Your payment goes to principal and interest each month following an amortization schedule. A monthly mortgage payment includes principal, interest, and other fees such as property tax and private mortgage insurance (PMI).

Principal 114

Principal Staging Loans Equity 114

Housing Wire

MARCH 10, 2022

The offering, via a conduit called Lakeview Trust 2022-EBO1, is a rare transaction involving mostly delinquent mortgages, according to Kroll Bond Rating Agency ’s (KBRA’s) report on the offering, which is slated to close March 15. The benefit of this a [the lender] immediately stops advancing the principal and interest each month. “If

Mortgages 279

Mortgages Principal Loans FHA loan 279

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. That means you’re probably concerned you’ll lose equity and are wondering how much value you might miss out on in the coming year. What is home equity? Home equity is the amount of your home’s value that belongs to you.

Equity 80

Equity Marketing Loans Principal 80

Housing Wire

MARCH 1, 2023

Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. trillion by the close of 2024. The amount of supply that the market needs to absorb over the next couple of years is close to all-time highs, likely around $1.2 trillion and to nearly $9.3

Marketing 346

Marketing Banks Mortgages Investor 346

Realty Biz

AUGUST 12, 2023

In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Principal : The amount of money you borrowed to buy the home. Over time, you'll pay down the principal and interest. Common terms are 15, 20, or 30 years.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

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. You can close with your proceeds in as few as 10 days, compared to the months it often takes to sell the traditional way. Learn More 1.

Pre-approval 106

Pre-approval Mortgages Equity Principal 106

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 350

Lending Banks Bankruptcy Loans 350

RIS Media

SEPTEMBER 21, 2021

When it comes to the offer prices for properties and closing fees, the real estate marketplace also makes the transaction more affordable. The average American household has about $8,800 in the bank. Principal Broker at Phipps Realty Inc. If the real estate agent does not sell the property, he or she does not earn a fee.

Equity 99

Equity Marketing Principal Banks 99

Marco Santarelli

MAY 30, 2024

Exploring Other Zero-Down Mortgage Options Bank of America's Initiative Bank of America , one of the nation's leading financial institutions, has introduced its own version of the zero-down mortgage in 2022 , aimed at helping first-time homebuyers and communities that have historically faced barriers to homeownership.

Equity 52

Equity Banks Loans Mortgages 52

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

Norada Real Estate

MAY 30, 2024

Exploring Other Zero-Down Mortgage Options Bank of America's Initiative Bank of America , one of the nation's leading financial institutions, has introduced its own version of the zero-down mortgage in 2022 , aimed at helping first-time homebuyers and communities that have historically faced barriers to homeownership.

Mortgages 52

Mortgages Equity Banks Loans 52

Housing Wire

JANUARY 25, 2023

That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however. 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% Or it could signal a future MSR-market stampede. of the entire $8.4

Banks 312

Banks Loans Mortgages Sales 312

Housing Wire

JANUARY 7, 2021

Though this isn’t the first time the mortgage tech startup has worked closely with the government entities. The acquisition will allow Ncontracts to expand its compliance footprint to the 2,700 banks, credit unions and mortgage companies QuestSoft currently services for compliance.

Mortgages 227

Mortgages Lending Loans Investor 227

Housing Wire

JUNE 15, 2022

. “Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

Mortgages 376

Mortgages Loans Investor Equity 376