Housing Wire

SEPTEMBER 13, 2023

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. Is it affecting the MSR market? “I

Due diligence 397

Due diligence Marketing Loans Mortgages 397

Housing Wire

OCTOBER 23, 2023

From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract. Valuation – The valuation stage can also be considered the preliminary due diligence stage. Once an offer is accepted, the full due diligence stage commences.

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Due diligence Brokerage Staging Agents 415

Housing Wire

MAY 15, 2024

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. market share, according to Inside Mortgage Finance (IMF) estimates.

Loans 438

Loans Mortgages Due diligence Banks 438

Housing Wire

JANUARY 5, 2022

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. SitusAMC CEO Michael Franco.

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Due diligence Marketing Loans Technology 395

Housing Wire

APRIL 18, 2024

A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market. Levonick said that in today’s market, the economics have shifted toward encouraging more quality control reviews at the originator level. “And

Loans 420

Loans Due diligence Investor Technology 420

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend.

Due diligence 408

Due diligence Mortgages Loans Residential 408

Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. ” The current average due diligence is around 3.1% Thankfully, most banks were still lending. “It’s just insane. .

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Due diligence Renovation Lending Land 432

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets.

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Due diligence Marketing New Construction Mortgages 408

Housing Wire

MAY 21, 2025

Have at least six months of savings in the bank Selling real estate takes time. Have at least six months’ worth of living and business expenses in the bank before you quit your other job and go all-in on your new real estate career. Pro Tip Open a separate bank account just for taxes. So plan ahead.

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Agents Brokerage Banks Due diligence 315

Marco Santarelli

OCTOBER 13, 2024

Finding the 10 best real estate markets for investors is the first step to making that dream a reality. This guide dives deep into ten markets currently showing impressive growth potential for investors, but remember: real estate investment involves risk. Ever dreamed of building a serious real estate portfolio?

Investor 122

Investor Marketing Due diligence Finance 122

Housing Wire

JANUARY 13, 2023

For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. . by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 421

Marketing Investor Due diligence Loans 421

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? Market conditions have certainly trended downward for residential or commercial real estate. CRE firms are also suffering through the highest interest rates seen in years. CREs need not go it alone.

Commercial 420

Commercial Brokerage Due diligence Title 420

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. The deal, announced on Tuesday, expands Denver, Colorado-based Maxwell’s secondary market trading platform and brings hundreds of new clients to the company’s other solutions.

Mortgages 394

Mortgages Due diligence Banks Technology 394

Housing Wire

MAY 10, 2022

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. month over month.

Mortgages 397

Mortgages Marketing Loans Banks 397

Housing Wire

MAY 22, 2023

Setpoint , a real estate funding platform, acquired Resolute Diligence Solutions to support proptech and single-family rental re-engagement in the market, the firm said. When the market returns to normal levels, these companies can scale with fewer resources and less capital,” he said.

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Due diligence Title Banks Closing 407

Housing Wire

SEPTEMBER 6, 2022

The most straightforward method for understanding a consumer’s ability to make a mortgage payment is analyzing the funds going in and out of their bank each month. With natural language processing mining a consumer’s bank data, lenders can take major monthly expenses like childcare into account when determining credit eligibility.

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Due diligence Banks Finance Technology 450

Housing Wire

AUGUST 14, 2023

Swiss bank UBS AG announced Monday it has agreed to pay $1.43 UBS was allegedly aware of these significant problems because it had conducted extensive due diligence on the underlying loans prior to the RMBS being issued to determine whether the loans were consistent with representations that would be made to investors.

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Due diligence Banks Loans Investor 368

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year.

Loans 410

Loans Due diligence Residential Mortgages 410

Housing Wire

JUNE 15, 2023

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. The company has a client base that includes banks, credit unions, and mortgage bankers. Cenlar FSB, headquartered in Ewing, New Jersey services loans in 50 states and U.S. territories.

Investor 364

Investor Due diligence Banks Loans 364

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. By one estimate , the global cryptocurrency market, although volatile, is valued today at around $1.8

Due diligence 450

Due diligence Mortgages Equity Loans 450

Housing Wire

MAY 19, 2025

Co-founded in 2019 alongside President Tim Wang, eRESI was created to deliver consistent, long-term capital to support the growing Non-QM market. What sets eRESI apart from other providers in the market? Banks previously targeted these borrowers as valuable portfolio assets and often considered them for future banking opportunities.

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Lending Loans Due diligence Investor 199

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager.

Due diligence 384

Due diligence Loan Officer Banks Industrial 384

Housing Wire

NOVEMBER 30, 2020

To stay competitive in today’s market, technology adoption and integration is key. In his capacity as fund manager, he was responsible for deal origination, leading all due diligence activities and reporting to an Investment Committee based in Hong Kong.

Technology 370

Technology Mortgages Due diligence Commercial 370

Housing Wire

MARCH 17, 2022

The rate volatility created by fast-rising inflation, now approaching 8% annualized , and the opposing flight to quality sparked by the war in Ukraine, is complicating an already challenging execution environment in the private-label securities market. And three more hikes are planned for 2023.).

Loans 375

Loans Marketing Residential Due diligence 375

HomeLight

NOVEMBER 28, 2024

If you’re a homeowner in Stockton looking to sell your property quickly and without the challenges of traditional listings, working with cash home buyers is a good alternative to the traditional market. Before signing an offer, ask for proof of funds It’s essential to choose a reputable cash buyer with readily available funds.

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Proof of funds Due diligence Sales Investor 111

HomeLight

JANUARY 14, 2025

With the recent slowdown in the Macon housing market due to high interest rates, now may be an opportune time to explore a cash sale, especially if you prioritize a quick and seamless transaction. Do your due diligence Carefully evaluate cash-for-home companies before committing to any offers.

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Proof of funds Sales Due diligence Banks 95

Housing Wire

MAY 13, 2022

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. But this future is still taking shape. Digital of Yesterday in Contrast with Digital of Tomorrow.

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Due diligence Technology Title Banks 353

Housing Wire

APRIL 20, 2022

They enable lenders to originate and securely hold eNotes and accelerate capital market transactions. As mortgage and capital markets become increasingly digital , most lenders, regardless of their lending strategy, will eventually need an eVault, because eVaults are a requirement for moving eNotes through the digital mortgage ecosystem.

Lending 375

Lending Due diligence Technology Investor 375

HomeLight

JANUARY 14, 2025

While the market has cooled slightly since its June peak, year-over-year increases in single-family home prices indicate that it remains relatively strong. Do your due diligence Before committing to a cash-for-homes company, take the time to research thoroughly.

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Proof of funds Sales Due diligence Banks 97

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . It [promises to] completely remove, or disintermediate, the higher market,” he added.

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Equity Technology Due diligence Investor 397

Housing Wire

AUGUST 11, 2020

And now, thanks to these reforms, we live in an era of far greater mortgage banking controls and stability. And HUD could easily collect the information necessary to distinguish the few underperforming DPA providers in the market and target their regulatory activity accordingly, without harming the rest.

Due diligence 421

Due diligence Loans Mortgages Development 421

HomeLight

JANUARY 23, 2025

Investors from both local and out-of-state markets are actively pursuing opportunities in the Bronx, drawn by New York City’s vibrant culture and abundant career opportunities. New York Citys housing market has slowed but remains strong , with the Bronx seeing increases in both sales and home prices over the past year.

Proof of funds 98

Proof of funds Sales Due diligence Banks 98

Housing Wire

JANUARY 3, 2023

And one of the many reasons that VA loans default at a lower rate than other loan types, including conventional, is because of the required due diligence to ’protect the property,’ which then protects the homeowner. Veterans have felt hostage to the current system in these smaller markets, and I think that is an appropriate analogy.

VA loan 79

VA loan Loans HR Due diligence 79

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. As one might expect, the comments revealed differing opinions. ” The Value of the Human Appraiser.

Technology 397

Technology Lending Due diligence Industrial 397

Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. bank accounts to various locations in West Africa via wire transfers.

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Industrial Banks Title Technology 384

The Close

NOVEMBER 7, 2024

Key Takeaways: Take your time to research the market before you invest. This plan should outline your strategy, goals, target markets, and types of investments. Analyzing market trends and competitive positioning is also essential. Real estate investment trust (REIT): REITs are paper assets that trade on the stock market.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

JANUARY 16, 2025

Although the local housing market has cooled slightly in recent months, it may still be a good time to consider a cash sale, especially if you prioritize a fast and seamless transaction. Do your due diligence Before committing to a cash buyer, its crucial to assess their credibility. is your local office. is your local office.

Proof of funds 97

Proof of funds Due diligence Sales Banks 97