Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. According to Inside Mortgage Finance (IMF) estimates, Flagstar originated $15.7 billion in mortgages in 2023.

Mortgages 384

Mortgages Banks Marketing Commercial 384

Housing Wire

AUGUST 13, 2021

Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets. And the idea is quickly gaining popularity.

Pre-qualification 404

Pre-qualification Pre-approval Equity Finance 404

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 432

Technology Development Title Lending 432

Housing Wire

FEBRUARY 23, 2024

Despite reporting a GAAP net loss of $390 million in 2023, investors seem to be sold on the company’s path towards Rocket’s “AI-fueled homeownership strategy,” a phrase repeatedly used by executives in a fourth-quarter earnings call on Thursday. AI driving productivity across the board The bottom line as to why Rocket is pushing hard on AI?

Equity 391

Equity Bankruptcy Loans Mortgages 391

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 392

Mortgages Equity Loans Seller concession 392

Housing Wire

JANUARY 5, 2023

Interest rate stability offers the best environment for MBS performance, and inflation reduces the demand that investors have for mortgage-backed bonds. This, in turn, led to a drop in collateral that was available to support securitizations in both the agency and non-agency secondary markets. RMBS at DBRS Morningstar said in a report.

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Marketing Equity Loans Investor 424

Housing Wire

APRIL 19, 2022

At an investor conference last fall, Redwood Trust Inc. The Mill Valley, California-based REIT operates as a specialty finance house that invests in, acquires and securitizes residential loans. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As

Equity 363

Equity Technology Investor Residential 363

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

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Loans Banks Equity Closing costs 543

Housing Wire

OCTOBER 16, 2023

Housing trade groups urged Fed Chair Jerome Powell to make two clear statements — that the Fed does not contemplate further rate hikes, and the Fed will not sell off any of its MBS holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized. Not just mortgages, but servicing.

Fixed-rate mortgage 391

Fixed-rate mortgage Banks Lending Mortgages 391

Housing Wire

OCTOBER 20, 2022

Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com , bank executives said Wednesday during the company’s third-quarter earnings call. Its origination volume dropped 67% from last year, according to Inside Mortgage Finance.

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Banks Mortgages Equity Investor 402

HomeLight

MAY 8, 2024

These loans offer a unique financing solution, especially for those who might not qualify for traditional financing due to various reasons, such as a brief project timeline, limited upfront cash, or credit challenges. They are also a common financing solution for investors buying rental properties.

Hard money loan 101

Hard money loan Loans Home sale contingency Finance 101

Realty Biz

SEPTEMBER 14, 2022

If you’ve ever purchased a home, you’re probably familiar with the term “equity” and what it means. When it comes to buying a house, your down payment is the initial equity you have in the property. The rest is financed through your loan with a bank, which you slowly pay off over time. . How Does Preferred Equity Work?

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Equity Commercial Investor Finance 93

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. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

Due diligence 441

Due diligence Mortgages Equity Loans 441

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 454

Banks Lending Loans Principal 454

Housing Wire

DECEMBER 14, 2023

The seed funding round was led by Zigg Capital with participation from Y Combinator , its initial investor Antler , Exceptional Capital and others. As banks and lenders create new programs to address this gap, Stairs plans to incorporate them into their platform and help educate homebuyers on their advantages.

Equity 339

Equity Technology Mortgages Banks 339

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. It’s possible that they make some of that a little less onerous on the banks in terms of MSR holdings and the LTV on mortgages.

Mortgages 500

Mortgages Equity Banks Sales 500

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Loans 278

Loans Finance Residential Investor 278

Housing Wire

FEBRUARY 3, 2022

Piercy explained that companies, primarily bank and nonbank mortgage originators, have been “stockpiling” MSR assets over the past two years, holding them on their balance sheets and waiting for the right moment to sell them. Piercy added that private equity firms have been particularly active in the MSR market recently.

Purchase and sale agreement 362

Purchase and sale agreement Marketing Equity Banks 362

Housing Wire

SEPTEMBER 22, 2020

For home equity conversion mortgages, known as reverse mortgages, the ban starts Jan. LIBOR is being phased out almost a decade after regulators discovered traders were manipulating the rate set by Britan’s biggest banks. Treasury’s repo market where investors offer banks overnight loans backed by their bond assets.

Mortgages 388

Mortgages Banks Equity Loans 388

Housing Wire

JULY 31, 2022

Wolters Kluwer solutions are complete, scalable and integrated with a digital ready secondary market ecosystem that includes the GSEs, Ginnie Mae, large investors, leading originators, warehouse lenders and custodians,” explained Meirink. Simon Moir – Vice President, Banking Compliance Solutions.

Lending 336

Lending Equity Technology Banks 336

Marco Santarelli

MAY 3, 2023

Fortunately, real estate loans for investors offer a viable solution to finance these investments. In this article, we will explore the most common types of real estate loans for investors, their eligibility requirements, how to obtain them, and the factors to consider before selecting a loan.

Investor 52

Investor Loans Hard money loan Equity 52

Housing Wire

SEPTEMBER 27, 2023

Surveyed professionals also pointed to finding investor clients and have had success with products such as non-qualified mortgages ( non-QM s), down payment assistance programs (DPAs) and home equity line of credits ( HELOC s).

Mortgages 396

Mortgages Marketing Banks New Construction 396

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well.

Mortgages 419

Mortgages Banks Loans Industrial 419

Housing Wire

APRIL 9, 2024

The education gap The reverse mortgage industry has long made serious investments in educational programs, particularly when looking at the efforts of current and former major lenders in the space like Finance of America Reverse (FAR), American Advisors Group (AAG) and others.

Mortgages 357

Mortgages Equity Banks Brokerage 357

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. Over time, we expect to diversify our revenue streams.”

Mortgages 382

Mortgages Marketing Title Banks 382

Housing Wire

OCTOBER 20, 2021

Goldstein founded StoicLane in September alongside Matt Foran and Jake Nice to invest in finance, insurance, and real estate businesses. The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors. ” How do remote valuation solutions benefit appraisers?

Finance 364

Finance Mortgages Equity Banks 364

Housing Wire

DECEMBER 8, 2020

While it is best known for refinancing student loans, the startup also offers a variety of other financial products, including personal loans, small business loans, home equity loans and mortgages. Backers include the sovereign wealth fund of Qatar, private equity firm Silver Lake and tech investor Peter Thiel.

Loans 405

Loans Equity Mortgages Banks 405

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. Better eliminates the high financing costs, massive transactional friction, tyranny and mind-numbing bureaucracy that comes with getting a mortgage and buying a home in the U.K. ’s $1.5

Brokerage 388

Brokerage Mortgages Loan Officer Banks 388

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. It just has not gone well.”.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

JANUARY 30, 2024

MSR holdings for banks over same period remained essentially flat, however, according to Recursion’s data — at $2.773 trillion in 2019 versus $2.747 trillion as of January 2024, again based on the outstanding balance of loans serviced. The total number of firms [IMBs and banks] after this cycle of right-sizing is probably going to be lower.

Marketing 357

Marketing Principal Banks Loans 357

Housing Wire

OCTOBER 21, 2020

AmeriHome on Wednesday also revealed that mortgage investor Bayview Asset Management is prepared to purchase $50 million worth of shares in the offering, expected to price next week. AmeriHome uses the bank Cenlar to subservice nearly all of its loans. The company plans to raise roughly $250 million by offering over 14.7

Loans 416

Loans Equity Mortgages Banks 416

Housing Wire

FEBRUARY 22, 2023

“And when that happens, the coupons of yesterday that are below prevailing interest rates become more valuable because there’s a lack of origination volume, and banks and [other investors] still need earning assets.” Agency mortgage-backed securities (MBS) volume also is down significantly for similar rate-driven reasons.

Marketing 334

Marketing Loans Equity Mortgages 334

Toronto Realty Blog

DECEMBER 4, 2023

2) CMHC 3) The Bank of Canada 4) Lenders 5) Realtors 6) Society 7) Buyers 8) The Free Market Wow, this was so, so long ago. So much so, in fact, that I was going to skip Prime Minister Justin Trudeau’s comments from October whereby he blamed high housing prices on investors. Half of all condos are owned by investors?

Investor 68

Investor Construction Equity Finance 68

Housing Wire

JULY 26, 2023

While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. The recent slowdown in inflation makes it hard for central bank officials to firm up plans for any additional rate increase.

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Housing Wire

DECEMBER 29, 2020

Data and analytics giant Black Knight made moves in the secondary mortgage market again, launching its Mandatory Analytics dashboard that will allow investors to analyze and benchmark their actions on the secondary market. One of the best tools that mandatory investors have at their disposal is access to precise, accurate and timely data.”.

Mortgages 324

Mortgages Investor Technology Banks 324

Housing Wire

SEPTEMBER 2, 2021

Zeev was also an initial investor in the proptech’s 2017 Series B. Other repeat investors in its most recent round included Menlo Ventures , Group 11 and Stereo Capital. The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6

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Pre-approval Investor Technology Equity 309

Housing Wire

JANUARY 19, 2023

The survival tactic lenders too often miss is doubling down on loan quality to ensure immediate salability to investors or long-term servicing performance. Automation holds the key for lenders to stay informed of relevant regulatory and investor changes and ensure those changes are reflected in their quality control programs.

Loans 357

Loans Lending Investor Mortgages 357