Housing Wire

APRIL 17, 2024

That includes the nation’s top homebuilders ( DR Horton and Lennar ), mortgage originators ( United Wholesale Mortgage and Rocket Mortgage ), brokerages ( Anywhere and Compass ) and residential search portals ( Zillow and CoStar , which owns Homes.com ). There are other dynamics at play for some of these companies, however.

Mortgages 450

Mortgages Fixed-rate mortgage Banks Residential 450

Housing Wire

JULY 13, 2022

Millennial and Gen Z investors have been voting with their wallets, demanding that ESG-like items are incorporated into investment decisions. What does ESG’s growth and current ubiquity mean for residential MBS markets? The E, S and G components are all very different, and at times unwieldy.

Residential 303

Residential Mortgages Investor Development 303

Housing Wire

DECEMBER 21, 2022

I , a blank check company affiliated with fintech Figure Technologies that planned to merge with a mortgage bank, will be delisted from the New York Stock Exchange. Figure Acquisition Corp. Figure’s plan to go public through a SPAC has been scrapped with the NYSE’s decision.

Banks 395

Banks Mortgages Technology Lending 395

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Loans 411

Loans Investor Banks Finance 411

Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. And if we can better bank those investors and consumers, it could be just a massive addressable market for the company.”.

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Equity Investor Marketing Title 318

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers.

Equity 299

Equity Mortgages Banks Commercial 299

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

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Commercial Brokerage Due diligence Title 363

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. Cangemi said in a statement that the bank’s deposit ratings remain “investment grade” at other credit rating agencies.

Mortgages 354

Mortgages Banks Marketing Commercial 354

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. “We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” ” Another opportunity is in the home equity space. .”

Equity 313

Equity Banks Investor Residential 313

Housing Wire

FEBRUARY 5, 2021

Invictus Capital Partners , an alternative investment management firm, appointed Doug Kinney as senior managing director, head of investor relations. Kinney most recently served as managing partner and co-head of the capital raising and investor relations team at BentallGreenOak , and brings more than 25 years of experience to his new role.

Banks 237

Banks Mortgages Lending Investor 237

Housing Wire

JULY 28, 2023

The bank entered into an agreement to buy $1.8 billion of single-family residential loans at a discount, according to the outlet. Banc of California and PacWest announced on Tuesday an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners to create a bank with $36 billion in assets.

Purchase and sale agreement 343

Purchase and sale agreement Mortgages Banks Principal 343

Housing Wire

FEBRUARY 27, 2024

Pretium Partners , one of the nation’s largest investors in nonagency residential mortgages, announced the signing Tuesday of a strategic partnership with Hunter Point Capital (HPC) that is designed to support Pretium’s long-term growth. Pretium has about 4,400 employees and owns assets in 30 markets across the country.

Residential 324

Residential Banks Investor Design 324

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 328

Mortgages Marketing Banks Investor 328

Housing Wire

OCTOBER 5, 2023

Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. He has also held senior roles at Morgan Stanley , American Express and Bank of America. The executive replaces Ashok Vaswani, who served as Pagaya’s president since June 2022.

Technology 357

Technology Loans Lending Residential 357

Housing Wire

OCTOBER 13, 2020

In its earnings presentation on Tuesday , the nation’s largest bank by assets said it had actually pared back its $15 billion in loan-loss reserves by $569 million in the third quarter. The bank cited runoff from its mortgage portfolio – driven by a wave of refinancings – as a reason for reducing its reserves. . The bank made $1.7

Mortgages 391

Mortgages Banks Residential Investor 391

Housing Wire

AUGUST 15, 2023

. • The other major tailwind for the non-QM lending market has been the turmoil in the banking sector, including a spate of bank failures earlier this year; upward pressure on deposit rates, set against low-return portfolio assets, such as legacy residential mortgage-backed securities (RMBS); and increased regulatory-capital pressures. “I

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Lending Banks Investor Loans 314

Housing Wire

AUGUST 14, 2023

Swiss bank UBS AG announced Monday it has agreed to pay $1.43 billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. The settlement with the U.S. It acquired the rival this year for $3.4

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Due diligence Banks Loans Investor 304

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 350

Banks Bankruptcy Loans Investor 350

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA).

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Loan Officer Loans Banks Title 329

Housing Wire

JANUARY 19, 2023

After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. Voyles brings over more than 20 years of experience in residential lending and mortgage banking.

Mortgages 346

Mortgages Loan Officer Lending Banks 346

Marco Santarelli

MAY 6, 2023

The banking industry is a cornerstone of the global economy, facilitating the flow of capital and supporting businesses and individuals with their financial needs. However, the industry is not immune to challenges, and bank failures can cause significant disruptions in financial markets. Which Bank Failures Happened This Week?

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Banks Industrial Commercial Loans 95

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. residential mortgage market and housing-related assets. The financials of the deal were not disclosed.

Lending 324

Lending New Construction Construction Finance 324

Marco Santarelli

DECEMBER 24, 2023

Successful real estate investors aren’t made overnight. It’s not easy to succeed in real estate investing, but there are some tips to become a successful real estate investor. Getting lucky on one investment does not amount to becoming a successful real estate investor. The same is valid for real estate investing.

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Investor Finance Equity Land 88

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. Some regional banks working in the space collapsed due to a tightening monetary policy and a deposit run. Targeting jumbos made sense for Busch as he is based in Washington, D.C.,

Banks 316

Banks Loans Mortgages Lending 316

Housing Wire

AUGUST 24, 2023

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. The combination of high prices and high rates makes single family residential an unattractive investment option currently, said Charles Clinton, CEO at commercial real etate investment platform EquityMultiple.

Mortgages 364

Mortgages Fixed-rate mortgage Banks Investor 364

Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Lake did not elaborate, and representatives for the retail bank did not immediately respond to HousingWire’s requests for comment.

Mortgages 393

Mortgages Banks Lending Investor 393

Housing Wire

SEPTEMBER 5, 2023

First, Lind said, it is important to note that nearly 50% of non-QM production right now is investor loans. There are a lot of very strong tailwinds with investors understanding there is a shortage of somewhere between three and five million homes in the U.S. But how are non-QM lenders accounting for demand among higher interest rates?

Marketing 321

Marketing Lending Loan Officer Banks 321

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Zap Mortgage (no.335),

Mortgages 363

Mortgages Lending Investor Loans 363

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgages 362

Mortgages Lending Technology Banks 362

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. We believe the U.S. Easy target. fund called Archegos Capital Management.

Purchase and sale agreement 345

Purchase and sale agreement Banks Mortgages Residential 345

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 307

Banks Marketing Loans Mortgages 307

Housing Wire

FEBRUARY 9, 2023

The Division of Banking at the Department of Financial and Professional Regulation in Illinois issued the orders on February 1. The company received a residential mortgage broker license in Illinois on November 1, 2022. The decisions are valid until Strauss and Smart Rate respond to requests for information. Strauss agreed to pay a $2.45

Residential 304

Residential Investor Finance Banks 304

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. These ESG programs fill a significant void in the mortgage market by increasing incentives for green energy improvements.”.

Loans 432

Loans Banks Residential Finance 432

Realty Biz

FEBRUARY 10, 2021

Investors typically focus on either residential or commercial properties. The COVID-19 pandemic has affected each category of real estate, which affects investors. At the same time, interest in residential properties has expanded as residents pursue larger houses and relocate to suburban and rural areas. .

Commercial 115

Commercial Residential Investor Finance 115

Marco Santarelli

MARCH 14, 2023

The Impact of Bank Failures on the Housing Market The year 2023 has been marked by a series of bank failures, leaving many to wonder what the impact of these failures will be on the housing market and the wider economy. Bank failures have been a common occurrence throughout history, often causing ripples throughout the economy.

Banks 98

Banks Lending Finance Commercial 98

Housing Wire

DECEMBER 30, 2022

For fix-and-flip investors, 2023 promises to be a very challenging year. Tack on higher costs for materials, labor and financing, and it’s clear that there’s little margin for error for investors pursuing a fix-and-flip strategy. Even then, investors shouldn’t be waiting for a surge of bank-owned properties to come to market.

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Investor Equity Land Residential 468

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

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Principal Fixed-rate mortgage Loans Residential 331