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.

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Commercial Brokerage Due diligence Title 421

Housing Wire

AUGUST 4, 2022

According to Fannie Mae’s guidance , “The lender must have a documented program that provides grants for low- to moderate-income borrowers, community development, equitable housing initiatives, or similar initiatives.” The loan must be secured by a principal residence. Fannie Mae did not respond to a request to comment.

Loans 496

Loans Principal Banks Closing costs 496

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.

Banks 397

Banks Principal Finance Equity 397

Housing Wire

JULY 25, 2024

I never made a move on my own; it was always the bank or whoever decided to get out of the reverse program. Right now, with the principal limit factors where they are, especially with younger borrowers (in their 60s to mid-70s), you run the numbers for people and they see that principal limit. I had to make a couple of moves.

Mortgages 404

Mortgages Principal Development Industrial 404

Housing Wire

APRIL 21, 2022

Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.

Lending 410

Lending Finance Principal Development 410

Housing Wire

OCTOBER 9, 2024

Sharma has been the company’s chief information officer for the past decade, leading the development of Pyro AI, the company’s artificial intelligence (AI) and advanced machine learning platform. Before joining Mr. Cooper, Graham held leadership positions at the Royal Bank of Canada and Standard Charter Bank.

Technology 390

Technology Banks Principal Mortgages 390

Housing Wire

JUNE 28, 2024

The purpose of the committee is to provide nonbinding advice to the agency on how Fannie Mae , Freddie Mac and the Federal Home Loan Banks can achieve their goals as a “reliable and responsible source of liquidity and funding“ across the single-family and multifamily housing sectors.

Lending 397

Lending Principal Finance Land 397

Housing Wire

MAY 23, 2024

He began his career in investment banking, going on to work for Lehman Brothers and First Albany Corp. His extensive background in finance and corporate development, along with his proven leadership in business operations and complex transactions makes him an invaluable addition to our executive team. million.

Principal 415

Principal Finance Banks Technology 415

Housing Wire

DECEMBER 15, 2021

According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal. Some banks, lenders, and fintechs are testing the technology, but the lack of regulatory clarity and fears of volatility have kept these currencies from becoming fully integrated into products and services. .

Mortgages 421

Mortgages Lending Banks Investor 421

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Bankruptcy 384

Bankruptcy Banks Loans Residential 384

Housing Wire

JULY 12, 2023

BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. Founded in 2019, BlackFin Group is a management consulting firm specializing in strategic guidance, operational expertise, and innovative solutions for the banking and mortgage industries.

Principal 366

Principal Technology Banks Mortgages 366

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners.

Principal 397

Principal Banks Finance Technology 397

Housing Wire

SEPTEMBER 1, 2023

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

Technology 450

Technology Title Development Lending 450

Housing Wire

SEPTEMBER 16, 2022

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.”. Through four offerings to date, Fannie Mae has brought to market 31,780 reperforming loans valued at $5.4

Sales 397

Sales Principal Loans Banks 397

Housing Wire

FEBRUARY 15, 2024

Wisconsin: No proprietary but plenty of opportunity Cullen, who works at University Bank , explained that while he occasionally gets business opportunities from outside Wisconsin , he prefers to remain within his home state since he likes to conduct business face to face as much as possible.

Mortgages 409

Mortgages Banks Land Equity 409

Housing Wire

FEBRUARY 16, 2023

In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings.

Loans 379

Loans Technology Principal Development 379

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. among others. million security backed by non-QM mortgages.

Mortgages 382

Mortgages Principal Banks Equity 382

Housing Wire

APRIL 15, 2024

Lombardo cited data from the Federal Reserve Bank of St. down payment through a [FHA] loan (principal/interest only) in January 2021, the monthly payment on a median home would have been $1,363.00 Utilizing a 3.5% at the market interest rate of 2.82%,” Gov.

FHA loan 431

FHA loan Land Principal Development 431

Housing Wire

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

Bankruptcy 368

Bankruptcy Loans Investor Banks 368

Housing Wire

APRIL 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Buyers have begun to adjust to the elevated mortgage rate levels, especially in areas where home prices have adjusted downwards to compensate,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. This represents 7.6

Sales 410

Sales Construction New Construction Principal 410

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

Principal 441

Principal Loans Investor Industrial 441

Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 Morgan Chase Bank , 6.5%; Rocket Mortgage , 6.4%; and Wells Fargo , 4.7%. billion for the $12.2

Principal 421

Principal Loans Investor Residential 421

Housing Wire

AUGUST 9, 2021

The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased four basis points to 3.63%, and the percentage of loans in forbearance for depository servicers decreased 10 basis points to 3.49%. The options can be used separately or combined. Servicers can also extend the loan term to up to 40 years.

Principal 432

Principal Loans Staging Mortgages 432

Housing Wire

JUNE 2, 2022

The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development. NCRC has sought to gum up bank merger approvals with accusations of redlining , extracting more than $100 billion in community benefits agreements with banks.

Mortgages 397

Mortgages Loan Officer Lending Principal 397

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 410

Lending Principal Finance Loans 410

Housing Wire

AUGUST 14, 2020

Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank. Lessinger is a founding principal and broker/owner of RE/MAX Realty in Nevada, having built a team of 130 agents in three offices over the span of 22 years.

Lending 345

Lending Principal Industrial Development 345

Housing Wire

MARCH 10, 2022

Two similar past issuances, one in 2015 and another last year, also were sponsored by Lakeview, according to a US Bank trust investor report. Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. Department of Housing and Urban Development (HUD).

Mortgages 378

Mortgages Principal Loans FHA loan 378

Housing Wire

MARCH 25, 2022

California-based Pennymac Financial Services will lay off more than two hundred employees in the coming months, according to notices sent to the state’s Employment Development Department on March 7. billion in unpaid principal balance in 2021, up 19% from 2020, its latest earnings report showed. in 2021, compared to 2.3%

Lending 384

Lending Principal Loans Banks 384

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. To understand the context, U.S.

Mortgages 370

Mortgages Banks Marketing Residential 370

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. billion), Bank of America ($20.4 PNC Bank ($7.9 billion) and MUFG Union Bank ($5.8 billion), U.S.

Banks 369

Banks Marketing Loans Mortgages 369

Housing Wire

AUGUST 26, 2024

Many independent mortgage banks opted to sell a substantial portion of their MSRs, aiming to free up cash and stay afloat amidst declining origination activity, anticipating future regulatory capital requirements or simply lacking interest in maintaining these assets. trillion unpaid principal balance (UPB).

Mortgages 428

Mortgages Banks Debt-to-income ratio Loans 428

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program. 17, 2024.”

Lending 431

Lending Bankruptcy Mortgages Banks 431

Housing Wire

MARCH 6, 2024

One potentially positive development is that New View had originally predicted that HMBS production would be lower than it actually is, due to larger factors that influence pool production. The big banks had just left and new lenders were gearing up: American Advisors Group (AAG), RMF and others.

Mortgages 436

Mortgages Seller concession Principal Loans 436

Housing Wire

OCTOBER 24, 2022

And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by nonbanks. Over the first nine months of this year, banks have far outstripped nonbanks in buying up MSR packages. Banks have been net purchasers of MSRs, to the tune of $107.8 billion — compared with $51.1 The weak link?

Principal 315

Principal Banks Loans Mortgages 315

Housing Wire

MAY 23, 2022

According to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Employment Development Department (EDD) on April 28 and May 9, the company plans to cut 207 jobs in two rounds on June 27 and July 8, in letters to the EDD reviewed by HousingWire. Pennymac reported a pretax income of $234.5

Loan Officer 397

Loan Officer Loans Principal Mortgages 397

Housing Wire

NOVEMBER 17, 2021

Other forms of financial remediation could include borrower refunds, principal reduction, account adjustment or remittances paid to FHA. Remedies — punishment for mistakes, in other words — could be as mild as producing additional documentation or as severe as life-of-loan indemnification.

Marketing 368

Marketing Principal Loans Development 368

Housing Wire

APRIL 24, 2024

Cooper’s consumer-first platform into a cloud-native core, then licensing the resulting cloud-based platform to banks and independent mortgage companies. Bray also reintroduced Pyro , Mr. Cooper’s patented mortgage-centric AI platform that the company has been developing since 2019 in partnership with Google. This included $1.4

Equity 387

Equity Lending Technology Principal 387