Housing Wire

DECEMBER 13, 2023

“The market progressively got worse around the start July of 2022 and then throughout the course of 2023, driven by the Federal Reserve raising rates and the lack of liquidity in the banking sector,” said John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co.

Mortgages 326

Mortgages Marketing Banks Investor 326

Housing Wire

SEPTEMBER 20, 2023

The tailwinds, however, also are strong, with a high level of investor interest in acquiring MSRs, which are seen as solid, relatively safe investments. I’m very concerned with where the volumes will be 12 months out that will satisfy some of these objectives for these MSR investors. Bank agency MSR holdings totaled $2.78

Banks 351

Banks Loans Principal Investor 351

Housing Wire

MARCH 20, 2024

A fresh set of quarterly economic projections from Fed officials showed that borrowing costs are expected to end the year at 4.6%, suggesting that the central bank still plans to make three cuts of 25 basis points (bps) each in 2024.

Industrial 389

Industrial Mortgages Banks Principal 389

Housing Wire

JUNE 28, 2023

. “Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. Automated comparison checks can help solve one of the biggest issues in mortgage banking: a lack of trust in data provided by borrowers and lenders. “We

Industrial 329

Industrial Mortgages Principal Loans 329

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

Principal 396

Principal Loans Investor Industrial 396

Housing Wire

DECEMBER 13, 2023

While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. Instead, fresh economic projections from central bank officials showed rates would be slashed to a median 4.6% by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels. “The

Banks 457

Banks Mortgages Principal Investor 457

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 Morgan Chase Bank , 6.9%; and Wells Fargo , 4.8%. billion note offering issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6

Principal 330

Principal Fixed-rate mortgage Loans Residential 330

Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 Morgan Chase Bank , 6.5%; Rocket Mortgage , 6.4%; and Wells Fargo , 4.7%. billion for the $12.2

Principal 400

Principal Loans Investor Mortgages 400

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 325

Marketing Principal Banks Loans 325

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 349

Banks Bankruptcy Loans Investor 349

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 Morgan Chase Bank , 4.1%, according to the KBRA report.

Principal 324

Principal Loans Investor Mortgages 324

Housing Wire

DECEMBER 15, 2021

Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs. Another 11 existing venture investors, such as White Star Capital and Kingsway Capital , followed on in the round. According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal.

Mortgages 412

Mortgages Lending Banks Investor 412

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. The established players are usually the banks that hold your savings, checking account.

Equity 370

Equity Finance Purchase and sale agreement Investor 370

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 411

Technology Development Title Lending 411

Housing Wire

APRIL 24, 2024

“Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

Equity 286

Equity Lending Principal Technology 286

Housing Wire

APRIL 8, 2022

billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 Morgan Chase Bank , 5%; and Pennymac , 4.8%. billion note offering issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6

Principal 330

Principal Loans Residential Investor 330

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 305

Banks Marketing Loans Mortgages 305

Housing Wire

MARCH 22, 2023

The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. Rates were lower at 6.45% on Wednesday on Mortgage News Daily. ​​In

Industrial 361

Industrial Mortgages Purchase and sale agreement Banks 361

Housing Wire

FEBRUARY 14, 2024

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages.

Investor 303

Investor Loans Mortgages Principal 303

Housing Wire

NOVEMBER 1, 2023

Tight financial and credit conditions, slowing inflation and high 10-year Treasury yields – the primary driver in the rise of longer-term interest rates – will likely discourage the central bank from a further rate hike this year, economists and mortgage professionals said. We’re coming up against Nov.

Principal 376

Principal Banks Mortgages Investor 376

Housing Wire

FEBRUARY 1, 2022

The recent offering , CAS Series 2022-R02, involves transferring loan-portfolio risk to private investors via a $1.2 Through a CRT transaction, private investors participate with government-sponsored enterprise (GSE) Fannie Mae in sharing a portion of the mortgage credit risk in the reference loan pools retained by the GSE.

Debt-to-income ratio 346

Debt-to-income ratio Investor Loans Principal 346

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

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.

Lending 365

Lending Bankruptcy Mortgages Principal 365

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 422

Banks Lending Loans Principal 422

Bigger Pockets

MARCH 15, 2023

Are you listening to the advice of the world’s greatest investors? If it isn’t clear already, the latest swing banking failures show […] More importantly, are you acting on that advice?

Principal 69

Principal Banks Investor 69

Housing Wire

FEBRUARY 28, 2022

The different requirements for Ginnie Mae versus Fannie Mae and Freddie Mac servicers follows from the different risk profiles of their portfolios, as well as the terms of the guarantee they provide to investors. Defaults are more expensive for Ginnie Mae servicers. basis points. establish a liquidity buffer to draw on during times of stress.

Principal 326

Principal Loans Industrial Mortgages 326

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Industrial 337

Industrial Banks Loans Design 337

Housing Wire

JUNE 3, 2022

Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2 Key to EBO offerings is the fact that the FHA guarantees 100% of the principal balance on the loans it insures. Its servicing portfolio for all-agency loans based on unpaid principal balance stood at $374.8

Loans 349

Loans FHA loan Principal Marketing 349

Housing Wire

AUGUST 9, 2022

That’s based on a comparison of the principal balance of the loans on the books and their fair market value as reported by the REIT as of that date. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 early in the year — with Acra moving rates 18 times, mostly up, over that period.

Marketing 355

Marketing Bankruptcy Loans Principal 355

Housing Wire

OCTOBER 18, 2022

As of that date, “the outstanding amount of principal due was $220,281,891.35,” which does not include attorneys’ fees, court costs, or other out-of-pocket expenses FirstFunding believes Sprout owns. Representatives for FirstFunding and Sprout did not return requests for comments.

Loans 361

Loans Principal Mortgages Lending 361

Housing Wire

DECEMBER 2, 2021

The recent offering, CAS Series 2021-R02, was slated to close this week and involves transferring loan-portfolio risk to private investors via a $984 million note offering backed by a reference pool of some 125,000 single-family mortgage loans valued at $35 billion. Fannie plans to bring one more CRT note offering to market this year.

Investor 337

Investor Loans Principal Finance 337

Housing Wire

MARCH 1, 2021

For example, Lind noted that the number of non-traditional investors is increasing, but GSE guidelines around investment properties mean that some investors will not be able to get loans for those properties from the agencies. Acra Lending offers a variety of non-QM programs for borrowers in those complicated, unique situations.

Lending 312

Lending Banks Loans Investor 312

Housing Wire

MARCH 29, 2022

What is not widely known is the role federal banking regulators play in letting this practice continue. These bank regulators only enforce the CRA when banks seek a merger or acquisition. Banks then quietly withdraw their application, rather than face a public denial. Photo provided by Calvin Bradford.

Lending 350

Lending Banks Mortgages Loans 350

Housing Wire

FEBRUARY 3, 2022

Incenter completed a dozen bulk sales transactions in January involving MSRs for agency-backed loan pools that together had a total unpaid principal balance of $113.2 In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. million to $23.7

Purchase and sale agreement 343

Purchase and sale agreement Marketing Equity Banks 343

Housing Wire

SEPTEMBER 8, 2020

Adopting a “poison pill” strategy, Corelogic approved a shareholder-rights plan that prevents investors from acquiring 10% or more of the company’s common stock, or 20% in the case of certain passive investors. The vote on Nov. In their place, Cannae and Senator propose appointing: W.

Principal 282

Principal Investor Banks As-is 282

Housing Wire

MARCH 10, 2022

Two similar past issuances, one in 2015 and another last year, also were sponsored by Lakeview, according to a US Bank trust investor report. Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. A fourth such transaction, a $370.7

Mortgages 284

Mortgages Principal Loans FHA loan 284

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 396

Mortgages Banks Loans Industrial 396