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 343

Principal Loans Technology Mortgages 343

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.

Mortgages 349

Mortgages VA loan Loans Technology 349

Housing Wire

MARCH 1, 2023

The Federal Housing Finance Agency (FHFA) issued a request for information in January 2021 focused on Climate and Natural Disaster Risk Management at Fannie Mae , Freddie Mac, and the Federal Home Loan Banks. property inspections) allowing them to restart their origination pipelines much sooner and continue to close loans without delay.

Industrial 360

Industrial Banks Loans Design 360

Housing Wire

FEBRUARY 3, 2022

David Spector, Pennymac’s chairman and CEO, said that the results in the fourth quarter reflect a balanced mortgage banking model, “with pretax income from our servicing business exceeding that from our production business.”. PFSI’s stock closed yesterday at $58.71, down 1.59%. billion, a year-over-year increase of 68%.

Lending 259

Lending Principal Loans Technology 259

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 372

Lending Banks Bankruptcy Loans 372

Housing Wire

JANUARY 13, 2021

As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. The technology will also need to facilitate quick decisioning, while helping servicers remain complaint. Presented by: CoreLogic.

Mortgages 432

Mortgages Investor Loans Technology 432

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

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Closing Inspection Title Due diligence 82

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

Banks 403

Banks Mortgages Loan Officer Due diligence 403

Housing Wire

JUNE 15, 2022

Lenders offer borrowers to lock the mortgage rates for a period between the offer and the closing date, which vary according to their policies. Six months ago, at a rate of 2.87%, borrowers would pay $2,497 per month for principal, interest, taxes and insurance on a $450,000 house. trillion in 2022 and $2.3 trillion in 2023.

Mortgages 381

Mortgages Loans Investor Equity 381

Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Orchard , which operates a home buying and selling marketplace, has closed on a $69 million Series C round led by Revolution Growth.

Title 245

Title Branding Principal Loans 245

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 386

Commercial Brokerage Due diligence Title 386

The Close

APRIL 27, 2022

In Oregon, a more experienced professional who manages other agents is called a principal broker. Readers of The Close can save 30% on any of The CE Shop’s prelicensing and business-building courses. Readers of The Close can save 30% on any of The CE Shop’s prelicensing and business-building courses. Related Article.

Principal 52

Principal Brokerage Agents Closing 52

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. These may include proof of income, bank statements, employment verification, credit history, and debt information. What are closing costs? How does a mortgage work?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Housing Wire

DECEMBER 29, 2023

Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support. Jon Overfelt, director of sales and principal at American Security Mortgage Corp. Whatever I have for me, I will do it for them as well.

Mortgages 441

Mortgages Loan Officer Loans Equity 441

Real Trends

MAY 13, 2022

And the pictures give a “huge thanks” to Smart Settlements , a home title insurance and closing provider in neighboring Arlington, for “organizing an incredible trip!” A conglomerate that includes brand names like Coldwell Banker and Century 21 , Realogy’s brokerage and franchise units closed more than 1.4

Title 75

Title Brokerage Agents Mortgages 75

Housing Wire

APRIL 19, 2021

Our ability to handle multi-jurisdictional complexity and distribution diversity are our principal strengths, and Qualia fortifies our ability to manage these attributes and positions us to scale our business more rapidly,” said Susan Kenney Cotter, Passport Title chief officer.

Title 254

Title Principal Closing Construction 254

Housing Wire

AUGUST 4, 2022

Hernandez will be joined by by Faith Schwartz, the CEO and founder of Housing Finance Strategies , a strategic advisory firm that serves banks, mortgage companies, nonprofits and fintech companies. million loans with an unpaid principal balance of more than $1.2 Register for the event here.

Principal 393

Principal Title Mortgages Industrial 393

Marco Santarelli

MARCH 30, 2023

This can be especially attractive during periods of rising inflation because the principal value of the bond is adjusted to reflect changes in the Consumer Price Index (CPI), which measures inflation. When considering refinancing, it's important to evaluate the costs associated with refinancing, such as closing costs and origination fees.

Investor 40

Investor Loans Banks Mortgages 40

The Close

MARCH 1, 2022

Jennifer Murtland, a top producer with eXp Realty, uses this approach all the time with great success: “We get a ton of buyer leads by throwing housewarming parties for our recently closed buyer clients. Close Insider Tip: Feeling overwhelmed by social media? We get it, it’s a lot. Have you heard of Zillow Flex? Related Article.

Agents 116

Agents MLS Closing As-is 116

Housing Wire

JANUARY 7, 2021

Though this isn’t the first time the mortgage tech startup has worked closely with the government entities. Webhooks take automation one step further and deliver up-to-date, relevant details directly to the user,” said Scott Happ, president, Black Knight Secondary Marketing Technologies.

Mortgages 233

Mortgages Lending Loans Investor 233

HomeLight

APRIL 30, 2022

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? Buying a house is still one of the most stressful and time-consuming processes in the modern world, even with the advent of technology. what’s considered “overpaying” on a house?) Social media apps.

Closing 87

Closing MLS Pre-qualification Due diligence 87

Toronto Realty Blog

JANUARY 5, 2023

Call that a “change in technology,” if you will, comparing 1986 to 2022, but the Christmas Boxes were a success! Foregoing Christmas gifts is a great way to save a thousand bucks or more, and I’d rather spend that on the kids, or bank it. It’s incredible just how closely these two markets aligned.

Banks 80

Banks Mortgages Bankruptcy As-is 80

HomeLight

JANUARY 31, 2022

There are also specific programs for first-time homebuyers , which can supplement your down payment or help cover closing costs. Down payments are one of the most significant starting costs of buying a home; this is the money that will exit your bank account immediately upon completion of the sale. Or some of them, anyway. Justin Roy.

Loans 87

Loans As-is Mortgages Agents 87

Realtor.com

APRIL 5, 2021

Stung by losses, banks made it harder for regular home buyers to get a mortgage. Burns counted more than 200 companies and investment firms in the house hunt: computer-assisted flipper Opendoor Technologies Inc., Kinloch was financed mostly by community banks in the cities where it rehabbed foreclosures and built rentals.

Investor 59

Investor Finance Banks Principal 59

Redfin

AUGUST 3, 2022

224,000/100 = $2,224 is the maximum monthly mortgage payment, including principal, interest, taxes, house insurance (PITI) plus mortgage insurance, that you could afford according to the 28% rule. . Different lenders – banks, credit unions, and mortgage companies – all offer different mortgage loan options. Now divide the total by 100.

Pre-approval 75

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 75

Toronto Realty Blog

JANUARY 1, 2022

It’s technologically advanced. You could have bought shares of TD Bank in January of 2021 for $75.00. Buy each of the five major bank stocks. If the condo you purchased goes up 3% in value in one year, you’re up 15%, based on your 20% down payment, not to mention the principal repayment on your mortgage.

Construction 100

Construction Investor Equity Land 100

Marco Santarelli

AUGUST 3, 2020

There is a lot of construction activity going on especially in the entry-level single-family homes to satisfy the principals of supply and demand. According to KSAT12, job growth in the region is specifically focused within several pivotal sectors, including technology and cybersecurity. Graph Credits: Realtor.com.

Marketing 124

Marketing Investor Sales Construction 124

Housing Wire

MARCH 15, 2022

GK : Some give FHA Principal Deputy Assistant Secretary Lopa Kolluri credit for the decision to keep mortgage insurance premiums at their current levels. Eventually we’re going to have to really look closely at whether or not we can reduce those fees and therefore improve affordability. I’m a big supporter of that.

Loans 338

Loans Finance Mortgages Investor 338

Marco Santarelli

JANUARY 1, 2021

In that scenario, it becomes very difficult to find and close a deal that fits your investment criteria. This is going to be more attractive for the areas being close to neighborhood amenities and close by shopping & hang out spots. Lakeland is a principal city of the Lakeland–Winter Haven Metropolitan Statistical Area.

Investor 138

Investor Residential Marketing As-is 138

Marco Santarelli

JULY 30, 2020

over the previous year, according to the latest available data from the closely watched S&P CoreLogic Case-Shiller index. 2018’s FRM interest rate increase decreased the principal amount homebuyers can borrow while making the same sustainable mortgage payment. in April 2018 and have declined every month since.

Marketing 139

Marketing Investor Sales As-is 139

Notorious ROB

DECEMBER 19, 2022

The top portal in real estate with a fledgling mortgage operation versus the Masters of the Universe, Too Big to Fail banks and all their friends. Horton , the country’s largest single-family home builder based on closings, expects to generate $700 million in revenues from rental property sales in 2022 alone. I say it happens in 2023.

MLS 79

MLS Agents Pre-approval Brokerage 79

Notorious ROB

MARCH 21, 2022

Dave is not only a true expert on all things blockchain, he is also the Director of Emerging Technologies at NAR and a real forward-looking thinker. The blockchain and web3 technologies remove that barrier: voting is instant, can be counted real-time, and the blockchain makes voting fraud basically impossible. Transparency.

MLS 78

MLS Technology As-is Title 78