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). “So billion agency MSR portfolio and a 6.2%

Marketing 382

Marketing Principal Banks Loans 382

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 number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies. Existing home sales are down 19.9%

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. For 2023, slightly greater than 1.1

Mortgages 436

Mortgages Banks Loans Industrial 436

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. funded $26.9

Residential 358

Residential Principal Loans Mortgages 358

Housing Wire

FEBRUARY 14, 2024

In the article, Moody’s said they anticipate an increase in MSR sales in 2024, which will result in a short-term gain in liquidity at the expense of a weaker franchise in the future. Additionally, borrowers can log into online banking for up-to-date information and to view their statements electronically.

Investor 379

Investor Loans Mortgages Principal 379

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. 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

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 417

Marketing Fixed-rate mortgage Loan Officer Pre-approval 417

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. Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. “It’s a scary situation.”

Marketing 412

Marketing Lending Loans Principal 412

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. That doesn’t rule out that the banking behemoth might still have a such a deal in the works, however. Or it could signal a future MSR-market stampede. of the entire $8.4

Banks 377

Banks Loans Mortgages Sales 377

Housing Wire

MARCH 1, 2023

That reflects a substantial reduction in new and existing-home sales and refinancing. Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. billion for commercial mortgage-backed securities (CMBS) and only $500 million for nonagency residential MBS.

Marketing 382

Marketing Banks Mortgages Investor 382

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.

Commercial 82

Commercial Principal Investor Banks 82

Housing Wire

JULY 28, 2022

Still, mortgage rates are significantly higher now compared to one year ago, which is why home sales have been falling.”. Sales of newly built homes fell more than 8% in June from the prior month and were 17% lower than June 2021, according to the U.S. “It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 304

Marketing Loan Officer Mortgages Lending 304

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

Short sale 52

Short sale Sales Banks Principal 52

Housing Wire

FEBRUARY 28, 2023

According to Warren Kornfeld, an analyst at Moody’s Investors Services , Rocket’s fourth quarter loss was largely driven by still elevated operating expenses and low gain-on-sale margins, which came in at just 217 basis points. The unpaid principal balance in its servicing book rose to $535 billion as of Dec. Rocket has 2.5

Mortgages 370

Mortgages Principal Title As-is 370

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

Loans 350

Loans Marketing Due diligence Residential 350

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Please speak to a Sales Representative for details. I’m listening.

Construction 74

Construction Sales Purchase and sale agreement Development 74

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. We also give them something called a guaranteed sale price,” Cunningham added. Patrick Conroy, principal at Washington, D.C.-based

Title 284

Title Branding Principal Loans 284

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. percentage points was in 1994. four separate times.

Banks 394

Banks Mortgages Fixed-rate mortgage Loans 394

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

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 414

Commercial Brokerage Due diligence Title 414

Marco Santarelli

MARCH 20, 2024

Current Trends and Market Dynamics According to Freddie Mac , in January, the housing sector experienced a slight uptick in home sales, buoyed by the decline in mortgage rates. However, the persisting issue of limited inventory, compounded by the phenomenon known as the rate lock effect, has hindered the volume of home sales.

Mortgages 52

Mortgages Marketing Lending Loan Officer 52

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.

Agents 98

Agents Staging Principal Design 98

RIS Media

SEPTEMBER 21, 2021

She is a highly experienced REALTOR® in estates, investment, residential and trust properties. She began her real estate career 16 years ago, focusing on new construction sales. As her career evolved, Gibbens became a specialist in another area, CAFO or concentrated animal feeding operation sales. Wendy Holcomb. Rachel Mann.

Loan Officer 97

Loan Officer New Construction Brokerage Principal 97

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 364

Banks Marketing Loans Mortgages 364

Housing Wire

MAY 16, 2022

As banks and non-bank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios. million), nonbank mortgage lender and servicer New Residential Investment Corp. ($690

Principal 382

Principal Banks Loans Lending 382

Marco Santarelli

DECEMBER 22, 2020

Real estate or mortgage note investing is owning real estate without property management or without becoming a landlord where the homeowner pays the investor instead of the bank. On the courthouse steps, this property will be auctioned for sale. As long as you comply with the timing and the noticing, then that sale goes through.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

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 370

Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

JULY 27, 2023

After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. Existing home sales dropped to a seasonally adjusted annual rate of 4.16 Year-over-year, sales dipped 18.90% from 5.13

Construction 370

Construction Mortgages Sales Banks 370

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 383

Mortgages Loans Residential Lending 383

Housing Wire

DECEMBER 29, 2023

Matt Weaver , VP of mortgage sales at CrossCountry Mortgage I recently got licensed in the state of Ohio because that’s where I’m from. We look at all that and then we look at the size of the sales team, who we’ve recruited, what we think how much business will pick up. I have a lot of connections in Ohio.

Mortgages 446

Mortgages Loan Officer Loans Equity 446

The Close

APRIL 27, 2022

In Oregon, a more experienced professional who manages other agents is called a principal broker. Find a Principal Broker to Hire You. Oregon real estate brokers must work under a principal broker. A principal broker undergoes additional coursework and must pass a supplementary exam to manage Oregon real estate brokers.

Principal 52

Principal Brokerage Agents Closing 52

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 417

Principal Loans Investor Mortgages 417

Real Estate Finance HQ

SEPTEMBER 5, 2017

The first time I got a rental property under contract, everybody told me: “we don’t do mortgages for non-owner occupied residential houses.” Residential Mortgages for Investors. Residential mortgages are generally fixed for 15 to 30 years. The bank might offer a 7-year fixed rate option to this investor.

Mortgages 40

Mortgages Investor Commercial Residential 40

Housing Wire

OCTOBER 24, 2022

And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by nonbanks. Prestwick is marketing four separate deals, two in partnership with MCT, valued in total at $2 billion — which together also feature MSRs for single-family residential loan pools from all three agencies. The weak link?

Principal 307

Principal Banks Loans Mortgages 307

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Industrial 407

Industrial Title Commercial Banks 407

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 380

Principal Loans Residential Investor 380

Real Trends

MAY 13, 2022

“Title and other services were high because of these referral relationships between real estate agents and the settlement service providers,” said Holly Spencer Bunting, who is a lawyer at Mayer Brown and represents businesses on mortgage banking and consumer finance matters. Communicate with me, with the principals in the transaction.

Title 75

Title Brokerage Agents Mortgages 75