Housing Wire

JUNE 3, 2022

The major market dynamic making EBO deals attractive now, according to KBRA, is a changing of seasons in the mortgage industry, marked by fast-rising rates , high housing prices and a turn toward a competitive purchase-mortgage market. million, with all the loans deemed delinquent. in active foreclosure. million to $13.2

Loans 352

Loans FHA loan Principal Marketing 352

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Equity 421

Equity Lending Fixed-rate mortgage Loans 421

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. Overall, the bulk MSR market should be incredibly robust throughout 2022.”. You just never know.

Marketing 353

Marketing Principal Banks Loans 353

Housing Wire

FEBRUARY 9, 2024

Night and day’ difference When posed with the simple question about how business is going so far this year, David Heilman — principal for HomeGrown Financial in Mount Pleasant, South Carolina — characterized the difference between early 2024 business and the same time last year as “night and day.” “I

Mortgages 367

Mortgages Principal Loans Loan Officer 367

Housing Wire

APRIL 26, 2023

The result included a mark-to-market of $63 million, a $1 million severance charge and $10 million losses with equity investments. million customers and $853 billion in unpaid principal balance (UPB) at the end of March, compared to $870 billion at the end of December. “But we expect more to come from the banks.

Principal 333

Principal Banks Equity Loans 333

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

Marketing 353

Marketing Banks Mortgages Investor 353

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In total, 39 of the 50 largest markets saw home prices increase on an adjusted basis in February. put more pressure on home prices.

Principal 392

Principal Banks Mortgages Equity 392

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% to 1,900 loans in February, a drop telegraphed by lagging case numbers and sluggish endorsement activity in January, according to data compiled by Reverse Market Insight (RMI). No pressure, really — the Ginnie Mae market is very liquid,” he said.

Mortgages 345

Mortgages Seller concession Principal Loans 345

Housing Wire

JUNE 1, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 381

Equity Fixed-rate mortgage Principal Loans 381

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

Sales 311

Sales Mortgages Loans Loan Officer 311

Housing Wire

MAY 3, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 376

Equity Fixed-rate mortgage Principal Mortgages 376

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” 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. . multiple market.

Marketing 358

Marketing Lending Loans Principal 358

Housing Wire

OCTOBER 25, 2023

On Wednesday, top executives at the company told analysts that Mr. Cooper is now the largest servicer in the country and will continue to grow its portfolio by acquiring large bulks of mortgage servicing rights (MSRs), mainly from banks expecting additional capital requirements through Basel III rules. The correspondent channel fell to $1.7

Purchase and sale agreement 335

Purchase and sale agreement Equity Principal Banks 335

Housing Wire

FEBRUARY 13, 2023

In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. Keratsis believes the non-QM market “is poised for long-term, sustainable growth,” he said in an interview with HousingWire last November. among others. million security backed by non-QM mortgages.

Mortgages 301

Mortgages Principal Banks Equity 301

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

Mortgages 401

Mortgages Banks Loans Industrial 401

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 427

Banks Lending Loans Principal 427

Housing Wire

SEPTEMBER 1, 2023

Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward. This year 75 honorees were honored as HW Insiders. Congratulations to the 2023 HW Insiders!

Technology 417

Technology Development Title Lending 417

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. In 2022, first-time buyers made up more than 60% of low down payment purchases in the conventional market and more than 40% had incomes below $75,000, according to data from Fannie Mae and Freddie Mac.

Finance 326

Finance Equity Mortgages Principal 326

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” In the case of large institutions such as Bank of America , Wells Fargo , and MetLife , we never regained their lost volume.

Mortgages 391

Mortgages Bankruptcy Principal Finance 391

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity. .”

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market.

Mortgages 327

Mortgages VA loan Loans Technology 327

Realty Biz

SEPTEMBER 25, 2021

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home.

Equity 91

Equity Loans Bankruptcy Mortgages 91

RIS Media

SEPTEMBER 21, 2021

Preparing a home for the market often involves photographers, cleaners, landscapers, decorators and more, many of whom are small business owners themselves. ” Such listings allow for the marketing of properties to select consumers before opening them up to all potential buyers. Principal Broker at Phipps Realty Inc.

Equity 101

Equity Marketing Principal Banks 101

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 102

Equity Finance Loans Closing costs 102

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. LLR Partners, which led a $26.5

Investor 275

Investor Sales Mortgages Loan Officer 275

Housing Wire

MAY 6, 2022

California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. from market opening. million, down from $106.5

Principal 320

Principal Loans Technology Mortgages 320

Housing Wire

JULY 26, 2023

The result included, among other things, a mark-to-market of $61 million, a cost related to the acquisition of Rushmore Loan Management Services of $6 million and a $1 million charge due to severance. million customers and $882 billion in unpaid principal balance (UPB) at the end of June, compared to $853 billion at the end of March.

Loans 316

Loans Principal Banks Closing 316

Keeping Current Matters

APRIL 12, 2021

Some assume there could potentially be millions of foreclosures ready to hit the market. The Banks Don’t Want the Houses Back. Banks have learned lessons from the crash of 2008. 5% were granted a loan deferral where a borrower does not have to pay the lender interest or principal on a loan for an agreed-to period of time.

Equity 251

Equity Banks Loans Lending 251

Realty Biz

SEPTEMBER 27, 2023

It belongs to the bank until you pay off the mortgage, which happens more slowly than you might like. Your payment goes to principal and interest each month following an amortization schedule. A monthly mortgage payment includes principal, interest, and other fees such as property tax and private mortgage insurance (PMI).

Principal 114

Principal Staging Loans Equity 114

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 357

Lending Banks Bankruptcy Loans 357

Keeping Current Matters

JULY 28, 2021

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. After the last housing crash, about 9.3

Short sale 263

Short sale Equity Principal Mortgages 263

Keeping Current Matters

MARCH 16, 2021

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”. The average equity gain of mortgaged homes in the last year was $26,300. There was a 16.9%

Equity 263

Equity Principal Banks Finance 263

Housing Wire

FEBRUARY 10, 2023

The performance was impacted by a mark-to-market of $58 million, adjustments related to severance and property consolidation of $23 million, and equity investment losses of $10 million. trillion in unpaid principal balance (UPB) that needs to be sold in the market. The estimate is for $3.9 trillion from 2023 to 2025.

Principal 277

Principal Mortgages Lending Equity 277

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. Or it could signal a future MSR-market stampede. To date, no Wells Fargo bulk MSR public offering has surfaced, market observers say. of the entire $8.4

Banks 320

Banks Loans Mortgages Sales 320

Realty Biz

AUGUST 12, 2023

In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Principal : The amount of money you borrowed to buy the home. Over time, you'll pay down the principal and interest.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

HomeLight

DECEMBER 27, 2023

Here, we explore five areas you can cover with a mortgage lender before putting your home on the market that will protect your best interests as a seller and give you a clear view of your current financial picture so you don’t regret the day you sold your house. That starts with determining what it will take to pay off your mortgage.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Realtor.com

APRIL 5, 2021

It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. However, the rate adjusts after a specified initial period—usually three, five, seven, or 10 years—based on market indexes. Advantages of an interest-only mortgage.

Loans 122

Loans Mortgages Principal Equity 122