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 395

Loans FHA loan Principal Marketing 395

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 383

Marketing Principal Banks Loans 383

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

Mortgages 374

Mortgages Marketing Loans Banks 374

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? “The The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. By September, a full-fledged housing market recession had set in. over asking price.

Equity 525

Equity Marketing Loans Bankruptcy 525

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 439

Industrial Mortgages Banks Principal 439

Housing Wire

FEBRUARY 15, 2024

Opportunity in the current mortgage market may be challenging to find — and that could arguably be truer for those who offer reverse mortgage products for clients. South Carolina: Referrals are the name of the game Referral partnerships are also important for David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina.

Mortgages 400

Mortgages Banks Equity Land 400

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And now we just did over $110 billion for the month of January.”. million to $23.7

Purchase and sale agreement 369

Purchase and sale agreement Marketing Equity Banks 369

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 424

Mortgages Principal Loans Loan Officer 424

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 383

Marketing Banks Mortgages Investor 383

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 a week earlier.

Marketing 396

Marketing Bankruptcy Loans Principal 396

Housing Wire

MARCH 6, 2024

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). There may also be some easy, repeatable practices you can take from higher-volume regions that haven’t been fully explored in smaller markets yet.

Mortgages 416

Mortgages Seller concession Principal Loans 416

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. . ” The current MSR market.

Marketing 414

Marketing Lending Loans Principal 414

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 380

Principal Banks Equity Loans 380

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 396

Industrial Mortgages Purchase and sale agreement Banks 396

Housing Wire

OCTOBER 26, 2023

billion in unpaid principal balance (UPB) as of Sept. Loan production Spector told analysts that the company’s multichannel approach to production enables consistent access to the origination market in the current high-rate environment. of the loan servicing market, 3.1% The share remained unchanged in the after-market hour.

Fixed-rate mortgage 416

Fixed-rate mortgage Principal Banks Loans 416

Housing Wire

APRIL 14, 2023

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. Market speculation has been rife since January of this year that Wells Fargo was preparing to sell some sizable MSR packages, HousingWire reported previously.

Principal 421

Principal Loans Banks Mortgages 421

Housing Wire

OCTOBER 8, 2021

The private-label residential mortgage-backed securities market has been resurrected from its near-death following the global financial crisis a decade and a half ago. This year it is on track to securitize loan volume approaching or even exceeding $100 billion, and driving a healthy share of that secondary market business is J.P.

Principal 344

Principal Banks Loans Residential 344

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 397

Principal Banks Mortgages Equity 397

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 492

Banks Lending Loans Principal 492

Housing Wire

JULY 27, 2023

billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31. Throughout the quarter, Pennymac increased the number of approved correspondent seller relationships to 800, attracting sellers who had connections with commercial banks that pulled back from or recently exited the channel. of the loan servicing market, 2.6%

Banks 340

Banks Principal Loans Commercial 340

Housing Wire

SEPTEMBER 16, 2022

The reperforming-loan pools were marketed with Citigroup Global Markets In c. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.”. acting as advisor.

Sales 397

Sales Principal Loans Banks 397

Housing Wire

APRIL 8, 2022

This is the company that helped pioneer today’s non-QM market, and they continue to advance the industry.”. Deephaven, owned by alternate investment firm Pretium , shut down its non-QM operation and laid off all its workers in spring of 2020 when the pandemic sapped the market of liquidity. Presented by: Angel Oak.

Sales 383

Sales Lending Principal Banks 383

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 390

Industrial Mortgages Principal Loans 390

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 440

Principal Loans Investor Industrial 440

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 366

Mortgages Principal Banks Equity 366

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 440

Mortgages Banks Loans Industrial 440

RIS Media

DECEMBER 6, 2020

Federal Housing Finance Agency (FHFA) Director Mark Calabria issued a statement at the Financial Stability Oversight Council Principals meeting. “As the annual report describes, strong labor markets and house price appreciation created a solid foundation under America’s mortgage finance system at the start of 2020.

Principal 62

Principal Finance Banks Loans 62

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

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 383

Banks Bankruptcy Loans Investor 383

Housing Wire

APRIL 1, 2024

The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. The annual investment volume in the U.S. billion have been completed.

Equity 434

Equity Finance Purchase and sale agreement Investor 434

Housing Wire

FEBRUARY 15, 2023

The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions. In January 2022, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 372

Sales Mortgages Loans Loan Officer 372

Housing Wire

JULY 28, 2022

Mortgage rates leading up to June’s Fed rate hike surpassed the 6% level as higher-than-expected inflation data triggered volatility in the market, which led to turbulence in mortgage rates. If mortgage rates peak, Fratantoni said, “potential buyers who had been scared off by the rate spike, might find their way back to the housing market.”.

Marketing 306

Marketing Loan Officer Mortgages Lending 306

Housing Wire

FEBRUARY 2, 2024

“2023 was one of the more challenging origination markets in recent history, with industry volumes down approximately 40% from 2022 and unit originations at their lowest level since 1990,” David Spector, chairman and CEO, told analysts during a call on Thursday afternoon. of the loan servicing market, 3.6%

Technology 401

Technology Loans Principal Mortgages 401

Housing Wire

APRIL 27, 2023

However, Pennymac’s profitability declined compared to the previous quarter amid a still-challenging mortgage market. Servicing “is a critically important asset and has driven much of the success that we have enjoyed in mortgage banking,” David Spector, chairman and CEO, said in a recorded earnings message.

Principal 369

Principal Banks Loans Mortgages 369

Housing Wire

JUNE 15, 2023

Bond yields and rates started to rise as the debt ceiling was getting closer and closer, and we have had such big bond market auctions to deal with that pushed yields higher, even after a tame inflation report,” Mohtashami said. up from March’s projection at 3.3%; core PCE inflation at 3.9% by the year-end, a drop from the projected 4.5%

As-is 380

As-is Industrial Fixed-rate mortgage Mortgages 380

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 349

Loans Marketing Due diligence Residential 349