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NYCB to sell $5B in mortgage warehouse loans to JPMorgan

Housing Wire

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The bank was followed by Flagstar, with $11.8 billion in volume and a 12.3%

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GSE repurchase risk is rippling through the MSR market

Housing Wire

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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The crypto-mortgage is the new kid on the block

Housing Wire

You’re probably one of the first person in the industry that I’m talking to about it,” he added. As far as a borrower is concerned, they just have a home loan, and they make a payment just like they normally would from their bank account, or they also can make it from their crypto [currency] wallet.”.

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The Mortgage Collaborative launches emerging technology fund

Housing Wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Blockchain today vs. yesterday – What’s different?

Housing Wire

In 2008 when blockchain and its celebrity use case of BitCoin came into view, with breathless excitement discussions of complete decentralization of purchases and bank-less futures coursed freely through public discourse. Mortgage Industry and Blockchain: Early but Important Days. But this future is still taking shape.

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Top Tips and Considerations For Buying Land

Realty Biz

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

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[PULSE] Black lives, Black families and Black homeownership matter

Housing Wire

They enter into homeownership more easily, with a lifetime to build equity to pass down to their children. In 2002, to protect lenders, I cofounded and organized an industry association called HAND, whose mission was to educate the mortgage industry on the proper utilization of seller funded DPA, and to curb risky practices.