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 404

Lending Principal Finance Loans 404

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 502

Banks Lending Loans Principal 502

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.

Principal 488

Principal Loans Banks Closing costs 488

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 393

Sales Principal Loans Banks 393

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.

Banks 382

Banks Bankruptcy Loans Investor 382

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 381

Loans Principal Technology Development 381

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 381

Mortgages Principal Banks Equity 381

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

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 414

Mortgages Lending Banks Investor 414

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 432

Mortgages Seller concession Principal Loans 432

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 424

Lending Bankruptcy Mortgages Principal 424

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 393

Mortgages Loan Officer Lending Principal 393

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 401

Principal Banks Finance Mortgages 401

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 382

Lending Principal Loans Banks 382

Housing Wire

FEBRUARY 2, 2024

billion in unpaid principal balance (UPB) in 2023, down 9% year over year. With this technology now free and clear of any restrictions on use or development, we believe there’s potential for additional opportunities for the company and stakeholders over time.” California-based Pennymac delivered a $144.7

Technology 404

Technology Loans Principal Mortgages 404

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 424

Principal Loans Staging Mortgages 424

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 393

Loan Officer Loans Principal Mortgages 393

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 379

Lending Principal Industrial Development 379

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 370

Finance Equity Mortgages Principal 370

Housing Wire

NOVEMBER 17, 2022

According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. . ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee.

Marketing 414

Marketing Lending Loans Principal 414

Keeping Current Matters

JULY 28, 2021

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. There are fewer homeowners in trouble this time. After the last housing crash, about 9.3 Many experts projected 30% of all mortgage holders would enter the forbearance program.

Short sale 264

Short sale Equity Principal Mortgages 264

Housing Wire

JULY 28, 2022

Census and the Department of Housing and Urban Development. Any increase in availability in inventory deserts would be enough to again attract buyers to the market, according to Marty Green, principal at mortgage law firm Polunsky Beitel Green. Signed contracts to purchase existing homes declined a wider-than-expected 8.6%

Marketing 302

Marketing Loan Officer Lending Mortgages 302

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Sign up now. Jeff also holds the SRA and AI-RRS designation with the Appraisal Institute.

VA loan 85

VA loan Principal Development Title 85

Housing Wire

FEBRUARY 7, 2023

Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. ” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development.

Investor 302

Investor Finance Loans Mortgages 302

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 414

Commercial Brokerage Due diligence Title 414

RIS Media

MARCH 3, 2022

A creator of large-scale data and applied science solutions, he brings to zavvie three decades of diverse industry experience from a wide range of industries: e-commerce and banking and finance, telecommunications and logistics.

Technology 97

Technology Brokerage Principal Industrial 97

McKissock

FEBRUARY 13, 2023

Invest in your professional development with one-hour, non-credit webinars presented by experts. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. This includes the development and enhancement of automated appraisal-scoring tools and analytic products.

VA loan 52

VA loan Principal Development Title 52

Realty Biz

NOVEMBER 10, 2021

Department of Housing and Urban Development and co-founder of the JMN Rise Foundation, and University of Phoenix Community Relations Specialist Grant Van Eck. Digital presence and advertising sessions led by Kosha Brown , Director of Business Development at Box Brownie, and Matt Gentile , Managing Director at My BFF Social.

Lending 88

Lending Principal Development Banks 88

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? ” Or maybe these developers know something I don’t.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

MAY 23, 2022

These include expected prepayment rates, expectations of net supply to the market, and drivers of net demand from different investors including banks, Fannie Mae and Freddie Mac (the GSEs), asset managers, global investors, and in recent times, the Federal Reserve.

Loans 393

Loans Mortgages Investor Industrial 393

Zolo

AUGUST 13, 2020

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . Property A is our principal residence; property B is an investment property. The plan is to take out a mortgage on property C and move into this property as our new principal residence.

Purchase and sale agreement 82

Purchase and sale agreement Principal Mortgages Loans 82

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 370

Banks Marketing Loans Mortgages 370

RIS Media

NOVEMBER 30, 2020

“I look forward to developing a strategic policy framework with COMBOG to strengthen the commercial and multifamily real estate finance system.” COMBOG leads the strategic development of MBA’s commercial/multifamily policy and initiatives, as well as best practices and standards. .” – Jack Gay, Nuveen.

Commercial 65

Commercial Finance Principal Investor 65

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 390

Equity Lending Principal Technology 390

Marco Santarelli

DECEMBER 22, 2020

Real estate or mortgage note investing is owning real estate without property management or without becoming a landlord where the homeowner pays the investor instead of the bank. interest rate and how much of your payment is used to pay the principal (or balance). This is a popular loan for property developers.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

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 404

Lending Finance Principal Development 404

HomeLight

OCTOBER 30, 2020

However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.” When you still have months left until the bank starts initiating foreclosure, you have time to prep your home for sale , so that it shows well and sells for the best possible price.

Short sale 104

Short sale Banks Equity Mortgages 104