Housing Wire

FEBRUARY 2, 2023

“However, the company was able to report a profit in an extremely difficult operating environment for residential mortgage originators in addition to seasonally low purchase origination volumes in Q4.” Therefore, its results portend a challenging quarter for the non-bank mortgage sector,” Kornfeld said.

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Marketing Banks Principal Loans 369

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. Morgan , the investment bank side of New York-based banking holding company J.P. Morgan , the investment bank side of New York-based banking holding company J.P.

Principal 380

Principal Banks Loans Residential 380

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 406

Mortgages Marketing Banks Investor 406

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. million, with all the loans deemed delinquent. In total, 99.3% are in active foreclosure. million to $13.2

Loans 395

Loans FHA loan Principal Marketing 395

Housing Wire

AUGUST 9, 2022

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8

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Housing Wire

OCTOBER 18, 2022

The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in the secondary market. Representatives for FirstFunding and Sprout did not return requests for comments.

Loans 383

Loans Principal Mortgages Lending 383

Housing Wire

FEBRUARY 16, 2022

About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC). billion agency MSR portfolio and a 6.2%

Marketing 383

Marketing Principal Banks Loans 383

Housing Wire

SEPTEMBER 22, 2022

Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% The volume is slightly lower than in May when it hit a 14-year high of nearly 11% of the overall residential mortgage applications. Mortgage rates have nearly doubled to around 6.5%

Mortgages 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

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 437

Mortgages Banks Loans Industrial 437

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter.

Residential 370

Residential Principal Loans Mortgages 370

Housing Wire

FEBRUARY 14, 2024

For example, using the API with FICS ’ mortgage servicing software Mortgage Servicer , lenders can maximize their capabilities, ensuring a user-friendly solution for servicers that automates residential servicing operations. Another critical aspect of seamless reporting is having direct access to all loan data in the database.

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Investor Loans Mortgages Principal 405

Housing Wire

AUGUST 15, 2022

The Federal Reserve Bank of New York ’s second-quarter 2022 Household Debt and Credit Report shows that limits on HELOCs jumped by $18 billion in the second quarter of this year, “the first substantial increase in HELOC limits since 2011,” and an indicator of an increase in new originations. billion in 2021 to $4.6

Equity 427

Equity Lending Fixed-rate mortgage Loans 427

Housing Wire

JUNE 16, 2022

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. neighborhood, housing market, Fall, homes, new house sales, forbearance.

Marketing 417

Marketing Fixed-rate mortgage Loan Officer Pre-approval 417

Housing Wire

JUNE 1, 2022

The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes. Once approved for a HELOC, they can access the line of credit as needed, as opposed to having cash sitting in a savings bank from a refi.

Equity 383

Equity Fixed-rate mortgage Principal Loans 383

Housing Wire

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. As of yearend 2022, repurchase requests issued and outstanding to bank and IMB loan sellers and servicers by Freddie stood at $1.3

Loans 383

Loans Debt-to-income ratio Banks Mortgages 383

Housing Wire

MAY 3, 2022

The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes. Once approved for a HELOC, they can access the line of credit as needed, as opposed to having cash sitting in a savings bank from a refi.

Equity 395

Equity Fixed-rate mortgage Principal Mortgages 395

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 370

Purchase and sale agreement Marketing Equity Banks 370

Realty Biz

FEBRUARY 6, 2023

These are financial investment products on commercial properties, as opposed to residential realty. If a business owner or real estate investor purchases a piece of commercial property, they obtain a mortgage from a bank to purchase it. Frequently fixed term, so offer a lower prepayment risk than residential.

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Commercial Principal Investor Banks 82

Housing Wire

NOVEMBER 17, 2022

The executive spoke during a panel at the 8th Annual Residential Mortgage Servicing Rights Forum, a conference held in Manhattan on November 14 and 15. 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. .

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Marketing Lending Loans Principal 417

Housing Wire

MARCH 1, 2023

Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. Agency MBS trading activity also “dwarfs the other segments of the market, with $288 billion of daily trading volume,” according to a recent report from the Federal Reserve Bank of New York.

Marketing 383

Marketing Banks Mortgages Investor 383

Housing Wire

JANUARY 25, 2023

That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however. As of the start of this year, Wells Fargo’s all-agency MSR portfolio included some $608 billion in loans serviced based the unpaid principal balance, or 7.3% Or it could signal a future MSR-market stampede. of the entire $8.4

Banks 383

Banks Loans Mortgages Sales 383

Housing Wire

FEBRUARY 28, 2023

billion in cash, “continues to be conservative with respect to capital management during this very severe operating environment for non-bank residential mortgage companies.” The unpaid principal balance in its servicing book rose to $535 billion as of Dec. Kornfeld noted that Rocket, which has $8.1 Rocket has 2.5

Mortgages 370

Mortgages Principal Title As-is 370

Housing Wire

FEBRUARY 14, 2023

Mortgage Servicer is a user-friendly solution for servicers that automates residential servicing operations, including payment processing, investor reporting, escrow administration, custodial accounting, imaging and report writing. Additionally, borrowers can log into online banking to view their statements electronically.

Loans 370

Loans Investor Mortgages Principal 370

Housing Wire

MARCH 17, 2022

The MAXEX report notes that residential mortgage-backed securities (RMBS) deals backed by investment properties decreased “significantly in February,” in large part due to the removal of the agency limit on purchasing those loans. “The Pelka agrees that the PLS market is under pressure. “In

Loans 406

Loans Marketing Due diligence Residential 406

Housing Wire

JULY 28, 2022

Any increase in availability in inventory deserts would be enough to again attract buyers to the market, according to Marty Green, principal at mortgage law firm Polunsky Beitel Green. With interest rates increasing and home price appreciation slowing down, demand for homes will stabilize ,” Carden said.

Marketing 304

Marketing Loan Officer Mortgages Lending 304

Housing Wire

FEBRUARY 22, 2022

At the same time, those options trigger specific additional requirements from investors, including reporting principal and interest collection activity, drafting funds due to the investor, resolving any reporting or drafting discrepancies, and reconciling custodial accounts.

Commercial 395

Commercial Investor Loans Mortgages 395

Housing Wire

MARCH 20, 2023

Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.” Allan Polunsky and Marty Green are principals at Polunsky Beitel Green, a Texas-based law firm. Independent mortgage companies have no such luxury.

Banks 395

Banks Mortgages Fixed-rate mortgage Loans 395

Housing Wire

MAY 1, 2023

Less than two months after the abrupt failures of Silicon Valley Bank and Signature Bank , federal regulators seized First Republic Bank and sold it to JPMorgan Chase Bank. First Republic is the largest lender to collapse since the 2008 financial crisis and the second-largest bank failure in American history.

Banks 383

Banks Commercial Loans Principal 383

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?

Commercial 417

Commercial Brokerage Due diligence Title 417

Realtor.com

JANUARY 3, 2023

Whether you’ve been banking on a luxurious fire pit or a custom outdoor kitchen, now’s the time to start planning the outdoor living space that you’ve been dreaming of (and saving for). Coates Photo by Design Architects Seattle via Houzz Creating a backyard space that’s both stylish and serene is in the cards for 2023.

Design 89

Design Principal Banks Residential 89

Realty Biz

APRIL 4, 2023

Thayne Houston, Principal Broker, ERA Brokers Consolidated, St. Jim Napier, President and Principal Broker, Napier Realtors ERA, Richmond, Va., ERA Europe is one of the fastest-growing residential real estate networks in Europe and I’m proud to have played a strong role in its success for over 30 years. The late H.

Principal 87

Principal Branding Brokerage Industrial 87

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. James is passionate about serving country, fellow Veterans, and his community.

VA loan 85

VA loan Principal Development Title 85

Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Patrick Conroy, principal at Washington, D.C.-based Register for the FinLedger Daily Newsletter.

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Title Branding Principal Loans 351

First Team Real Estate

SEPTEMBER 20, 2021

Closing over $1 billion in residential real estate transactions over the course of her career, Sue La Bounty is in a league all her own. Principal of The La Bounty Group, her legacy of excellence in the Long Beach & the Southern California Coastal real estate market has earned Sue a catalog of lifelong clients and a thriving business.

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Agents Staging Principal Design 98

Marco Santarelli

MARCH 20, 2024

Although homeowners' insurance costs are on the rise, they pale in comparison to the substantial financial commitments associated with mortgage principal and interest payments. Residential investment, a key component of economic activity, maintained a positive trajectory, albeit at a slower pace compared to previous quarters.

Mortgages 52

Mortgages Marketing Lending Loan Officer 52

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. James is passionate about serving country, fellow Veterans, and his community.

VA loan 52

VA loan Principal Development Title 52

RIS Media

SEPTEMBER 21, 2021

She is a highly experienced REALTOR® in estates, investment, residential and trust properties. She brings a mix of investment banking and a legal background into her work in real estate. Woyak has been a principal broker for many years, leading small and large brokerages, and teaching thousands of agents across the state of Idaho.

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Loan Officer New Construction Brokerage Principal 84