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 390

Marketing Principal Banks Loans 390

Housing Wire

FEBRUARY 2, 2024

During their departure, DKMC sales staff who are not joining NAF were informed by leadership that they will have to wait a few months before receiving all of their compensation tied to any loans closed before the M&A deal, per documents reviewed by HousingWire. HousingWire reported on the late-stage negotiations in January.) “The

Loan Officer 422

Loan Officer Loans Lending Mortgages 422

Housing Wire

SEPTEMBER 30, 2023

The Fed has not helped its own cause here, as Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago , said in a speech last week : “I’m still trying to process why long-end interest rates are increasing.” ” My answer: “Stop talking about raising rate at this stage with a hawkish outlook!”

Mortgages 508

Mortgages Land Staging Marketing 508

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. The banking crisis has stressed the mortgage backed securities market , pushing rates higher than usual. For example, over the last few months, when monthly sales were trending at 2007 levels, total active listings peaked at over 4 million.

Marketing 502

Marketing Banks Mortgages Sales 502

Housing Wire

MAY 26, 2021

A few weeks after striking a deal to buy $14 billion of mortgage servicing rights from Texas Capital Bank , a subsidiary of Ocwen has agreed to buy $48.3 Join us to learn how they are using new strategies to bypass these frustrations, ultimately leading to a pickup in loan sale profitability. Ocwen’s subsidiary PHH Mortgage Corp.

Purchase and sale agreement 417

Purchase and sale agreement Banks Lending Loans 417

HomeLight

SEPTEMBER 1, 2020

Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. A “real estate owned,” or REO, home is one that’s owned by a bank. Whatever the case, now the house belongs to the bank. Source: Clara Lilley / Unsplash).

Banks 85

Banks Agents Sales Short sale 85

Housing Wire

AUGUST 10, 2023

loanDepot has agreed to settle a securities class action lawsuit filed by shareholders that alleged the company, its executives and investment banks made false or misleading disclosures before and after the lender’s initial public offering in 2021.

Investor 359

Investor Banks Loans Staging 359

Housing Wire

MARCH 2, 2023

A&D is also in the final stages of its non-QM automated underwriting system, which will be distributed to broker partners in the coming months. In 2022, about 50% of its sales came from existing homeowners, 40% from investors and 10% from first-time buyers, according to A&D Mortgage.

Mortgages 417

Mortgages Investor Loans Banks 417

Housing Wire

OCTOBER 11, 2022

A less discussed downside of purchased leads is that they can create an unhealthy reliance on third parties to feed sales funnels. What’s more, today’s lead generation strategies do not bring leads to lenders early enough in the sales funnel. Introducing the HomeScout Qualified Borrower.

Staging 359

Staging Loans Mortgages Sales 359

Housing Wire

JULY 25, 2023

Faes’ career in mortgage lending goes back to 2008 when he co-founded non-bank mortgage lender LendInvest , which was listed on the London Stock Exchange in 2021. F2 Finance declined to share the loan origination volume given the infancy stage of its business. LendInvest has more than $4.7 billion (£3.7

Finance 350

Finance Marketing Lending Loans 350

Housing Wire

APRIL 30, 2023

Now that I believe the seasonal inventory bottom is in, we can focus on the next stage: tracking the weekly data on how much inventory growth we can get this year before the seasonal inventory starts to decline. In 2007, when sales were down big, total active listings peaked at over 4 million. didn’t go into recession until 2008.

Marketing 524

Marketing Banks Mortgages As-is 524

Housing Wire

APRIL 25, 2023

As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. Back when prices were falling by as much as 50% or 60%, California was at nearly 18 months of housing supply as REOs and short-sales flooded the market. To register, go here. In March 2023, it was just 2.2

Short sale 384

Short sale Staging Mortgages Banks 384

Redfin

OCTOBER 5, 2021

That’s where staging comes in. Home staging is a proven way to get more buyers interested and help you meet or exceed your asking price. So what exactly is home staging, what’s the return on investment, and how effective can it be? How staging a house affects sale price . How staging a house affects sale price .

Staging 80

Staging Design Sales As-is 80

Housing Wire

AUGUST 5, 2022

Again, at this stage of the economic cycle you should focus on the rate of change data. This just means that the recovery is more mature than the earlier stages of the unemployment rate falling. It’s another progression red flag, reflecting that we are in a more mature stage of the economy. It recently went from 11.3

Staging 545

Staging Development Sales As-is 545

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. In 2007, when sales were down big, total active listings peaked at over 4 million. Of course, the banking crisis has added a new variable to economics this year.

Marketing 505

Marketing Banks Mortgages Loan Officer 505

Keeping Current Matters

JANUARY 4, 2021

Growing emotions can help or hinder a sale depending on how we manage them. Don’t forget that the buyer’s bank will send an appraisal to determine the fair value for your house. The bank will not lend more than what the house is worth, so be aware that you might need to renegotiate the price after the appraisal. Bottom Line.

Staging 289

Staging Banks Lending Design 289

Housing Wire

JUNE 2, 2021

Volly , a mortgage tech company that offers customer relationship management and point-of-sale services for lenders, announced Wednesday the acquisition of mortgage and real estate tech startup Home Captain for an undisclosed amount.

Mortgages 392

Mortgages Technology Lending Staging 392

Housing Wire

MARCH 1, 2023

That reflects a substantial reduction in new and existing-home sales and refinancing. In 2022, the Fed began employing its tapering tool in stages, a strategy that expanded the effective MBS supply in the market by some $80 billion last year, Amherst reports. Outright sales of 2% and 2.5% trillion.”

Marketing 388

Marketing Banks Mortgages Investor 388

Realty Biz

MARCH 29, 2023

You could end up losing thousands of dollars on a sale that would've otherwise gone directly into your bank account. The best way to avoid paying realtor commissions is by doing it for sale by owner or FSBO. Here's what you need to know about FSBO and if it's a good choice for your next sale. What is For Sale by Owner?

Sales 77

Sales House Flipping Staging Banks 77

Housing Wire

MAY 20, 2022

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. If it looks unkempt from the outside or the inside is cluttered and not staged, it could take longer, even if the layout and overall condition of the home are good.

Short sale 424

Short sale Investor Banks Agents 424

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

Banks 79

Banks Inspection contingency Inspection FHA loan 79

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Consequently, 37% of homeowners say they want to move but are staying in their current home.

Backup offer 419

Backup offer Loan Officer Home sale contingency Branding 419

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. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. “On

Purchase and sale agreement 363

Purchase and sale agreement Marketing Equity Banks 363

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

Short sale 90

Short sale Sales Banks Inspection 90

Housing Wire

APRIL 3, 2023

And just like our agents have had to adapt with the market, I have had to adapt to this shift, and we are now focusing on profit.” ​​Reffkin has set the ambitious goal for Compass, the largest brokerage in America by sales volume , to be cash flow–positive by the end of June, even amid the biggest housing market slowdown in years.

Banks 351

Banks Brokerage Closing As-is 351

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). The fate of the specialist when the market shifts The independent mortgage banks most of us think of when someone mentions IMBs originated as a result of the Savings and Loan Crisis of the 1980s. Today, many might feel sorry for the IMB.

Banks 404

Banks Mortgages Loans Investor 404

Housing Wire

APRIL 18, 2024

The Urban Institute report, published in November 2023, shows that the average number of months from origination to repurchase between 2005 to 2008 (prior to and during the early stages of the global financial crisis ) was 46 months for Freddie Mac and 52 months for Fannie Mae.

Loans 423

Loans Due diligence Investor Technology 423

Housing Wire

MARCH 26, 2024

of outstanding debt was in some stage of delinquency, up by 0.1 For those individuals that are considering selling in the current real estate market , it is important to stress to them that they have several paths that can be taken to find their new home while also not breaking the bank. As of December 31, 2023, 3.1%

Equity 458

Equity Loans Bankruptcy New Construction 458

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 98

Sales Investor Renovation Due diligence 98

HomeLight

APRIL 15, 2024

Unlike selling the traditional way, which typically involves making repairs, investing in staging, and hiring professional cleaners, selling to a “We Buy Houses” company allows you to skip all of the prepwork and, oftentimes, closing costs. You’ll likely receive the funds that day (or the following day) via bank transfer.

Closing costs 101

Closing costs Staging Closing Banks 101

The Close

DECEMBER 27, 2022

Therefore, in this article we will explore common real estate market cycles and the indicators you can look for to better understand which market stage your area is in. 8 Stages of Real Estate Market Cycles. While I generally agree with this, I break market cycles down into eight stages to make them easier to follow.

Investor 95

Investor Staging Marketing Banks 95

Housing Wire

AUGUST 5, 2022

The new lending pact supplements an existing $1 billion line of credit agreement with Citibank — resulting in a total $2 billion credit facility extended to Rocket by the bank. Security and Exchange Commission (SEC) shows. The lender turned in a relatively anemic $60 million net profit for its recently ended second quarter on revenue of $1.39

Purchase and sale agreement 412

Purchase and sale agreement Loans Mortgages Lending 412

Housing Wire

DECEMBER 8, 2023

Includes current issues and trends in AZ real estate & property inspection issues CE Sales Package #1 with Ethics: 12 of the 24 required hrs of coursework (9 mandatory & 3 general hrs). out of 5 stars Rating: 4.5 out of 5. out of 5 stars Rating: 4.5

HR 384

HR Purchase and sale agreement Pre-approval Staging 384

Realty Biz

FEBRUARY 12, 2023

Finding properties in one of the stages of foreclosure is often as easy as looking through a simple Zillow search. When to Look for Foreclosures Christina says that one of the best opportunities is at the earliest stage of foreclosure. These sales can be slow ,” says Christina, “and you are at the mercy of the bank.

Short sale 115

Short sale Banks Staging Principal 115

Housing Wire

AUGUST 31, 2020

HousingWire spoke to Doug Perry, Citadel’s new managing director of Wholesale and Retail Sales, about his plans for Citadel and the current state of non-QM lending. HousingWire: Tell us a bit about your background and your plans for Citadel Servicing as its new managing director of Wholesale and Retail Sales.

Lending 390

Lending Staging Equity Loans 390

Housing Wire

DECEMBER 6, 2022

Mortgage loan applications, their terminology, and substantial documentation and information requirements pose challenges to native Spanish speakers in the early stages of home buying.

Lending 393

Lending Loans Land Mortgages 393

Housing Wire

APRIL 23, 2021

Our home price forecast is still a 10% pace, so down a little bit but with new home sales coming in at over a 1.2 “If you look at deposits in the banking system, especially in February of last year, there was about $1.6 . “The aggregated home price growth on a year-over-year basis was 11%, and by January, 12%. trillion. “The

Marketing 488

Marketing Mortgages Loans Staging 488