Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective.

VA loan 443

VA loan Agents Seller concession FHA loan 443

Housing Wire

SEPTEMBER 16, 2022

The transaction is slated to close by October 26. 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.”. LLC (PIMCO) for Pool 1, DLJ Mortgage Capital Inc. acting as advisor.

Sales 392

Sales Principal Loans Banks 392

Housing Wire

JUNE 14, 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. million that was divided into two separate pools.

Loans 359

Loans Purchase and sale agreement Sales Principal 359

Housing Wire

FEBRUARY 16, 2023

In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings. “We

Loans 299

Loans Principal Technology Development 299

Housing Wire

JANUARY 8, 2021

This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings.

Development 448

Development Industrial Technology Principal 448

Housing Wire

MARCH 6, 2024

One potentially positive development is that New View had originally predicted that HMBS production would be lower than it actually is, due to larger factors that influence pool production. “No pressure, really — the Ginnie Mae market is very liquid,” he said. The resulting lower HECM production inevitably reduces HMBS production.”

Mortgages 352

Mortgages Seller concession Principal Loans 352

Housing Wire

NOVEMBER 19, 2020

NotaryCam Founder Rick Triola said the company recognized the need for industry-wide RON standards and that NotaryCam has been a long-time MISMO supporter and collaborator in the development of those standards to promote consistency across mortgage industry practices and state regulations. “As How 2020 continues to impact mortgage closings.

Principal 425

Principal Technology Development Mortgages 425

Housing Wire

NOVEMBER 24, 2020

The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions and review, according to a release. Principal Broker and CEO of Urban District Realty Ryan Fiero said that demand for the product led to the decision to make PROJETO available to more in the industry.

Principal 424

Principal Residential Commercial Development 424

Housing Wire

AUGUST 4, 2022

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The loan must be secured by a principal residence. The change could give nonbank lenders a way to guard against redlining accusations.

Principal 488

Principal Loans Banks Closing costs 488

Housing Wire

APRIL 1, 2024

To start out, our comp plan was based on the production and the [unpaid principal balances (UPBs)]. It’s probably close to a third of what it was anticipated to be.” Parks sees this kind of development as a key differentiating factor for the Longbridge NFS division when compared to competitors. “A

Sales 337

Sales Loan Officer Principal Loans 337

Housing Wire

FEBRUARY 2, 2024

billion in unpaid principal balance (UPB) in 2023, down 9% year over year. With this technology now free and clear of any restrictions on use or development, we believe there’s potential for additional opportunities for the company and stakeholders over time.” The share was declining 1.31% after the market closed.

Technology 352

Technology Loans Principal Mortgages 352

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 428

Finance Seller concession Loan Officer Loans 428

Housing Wire

JULY 27, 2022

In the context of concerns about a possible recession, Bray said the company will likely “continue growing at a modest pace for the next few quarters,” as executives closely monitor whether additional stress on the mortgage market develops. EST Wednesday, up 7.96% compared to the previous day’s close. around 1 p.m.

Principal 378

Principal Mortgages Loans Closing 378

Housing Wire

APRIL 7, 2021

According to Black Knight , servicers have advanced almost $19 billion in unpaid principal and interest to investors in the past year. We worked with the GSEs to develop better call scripts to ensure at-risk borrowers understood their options.

Mortgages 426

Mortgages Principal Loans Finance 426

Housing Wire

MARCH 31, 2021

These manual processes are time-consuming, subject to data-entry errors and potential security concerns – all of which can delay a borrower’s closing date. Today, many consumers have to wait 45 – 60 days to close on their dream home,” said Michael Marino, Principal, Industry Solutions at CoreLogic. “By

Title 196

Title Principal Closing Industrial 196

Housing Wire

AUGUST 9, 2022

Rachel Luna, principal of Patriot Title Company. With over 13,000 followers on Instagram , Rachel Luna, the principal of Texas-based Patriot Title Company , is the self-proclaimed “Texas Title Queen.” And now I am the principal of the largest woman-owned title company in Texas,” Luna said.

Title 368

Title Principal Closing Industrial 368

Housing Wire

FEBRUARY 19, 2024

The program allows delinquent borrowers to package up to 30 percent of the unpaid principal balance of their original loan into a non-interest bearing second loan that only needs to be paid off when the home securing the loan is sold or refinanced, or the first position mortgage is paid off sometime down the road. Assuming he put 3.5%

Equity 395

Equity Purchase and sale agreement Loans Mortgages 395

Housing Wire

APRIL 14, 2023

Policymakers should pay close attention to the successes of private mortgage insurance since the Great Recession and ensure the housing finance system continues to recognize its role in promoting a housing market in which access to affordable homeownership complements and promotes safety and soundness. Mortgage Insurers.

Finance 336

Finance Equity Mortgages Principal 336

Housing Wire

NOVEMBER 11, 2021

The changes can be implemented immediately but must be implemented for loans closed on and after May 9, 2022, the FHA said. This nation is in an affordable housing crisis and manufactured housing will be a key part of the solution,” said Lopa Kolluri, principal deputy assistant secretary for housing and the FHA.

Loans 441

Loans Title Finance Lending 441

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

RIS Media

JANUARY 15, 2021

But with fewer than 1 percent of leads actually closing, is this really the best approach? Cristina Silva , principal broker of Real Estate by Referral, has worked in real estate for nearly two decades, starting out as a part-time agent. What: Brokerages have been betting big on online lead gen to boost agent recruiting and retention.

Closing 65

Closing Principal Brokerage Industrial 65

Housing Wire

JULY 7, 2021

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Prior to the close of this transaction, the company will continue with its reverse operations before the brand transitions over to its new owners.

Sales 386

Sales Mortgages Branding Principal 386

Housing Wire

FEBRUARY 7, 2023

Servicers can only charge up to $900 to process, underwrite and close a transaction that includes a loan assumption. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan. Tozer suggested “a fee of 1.3%

FHA loan 369

FHA loan Mortgages Loan Officer VA loan 369

Housing Wire

NOVEMBER 2, 2021

FHA insures 100% of the loan’s unpaid principal balance and out-of-pocket expenses, replicating the GSE guarantor program. GSE loan amount of $311,250 (including $6,000 in loan processing and closing costs and $5,250 in LLPAs based on an 80% LTV and 699 credit score). FHA loan carries a Ginnie Mae guarantee fee of 6 basis points.

FHA loan 349

FHA loan Mortgages Loans Principal 349

Housing Wire

SEPTEMBER 30, 2020

The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster. From origination through delivery, Origence helps our customers close more loans, more efficiently than any other origination platform today.”.

Lending 196

Lending Mortgages Technology Loan Officer 196

Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad. So let your personality shine.

Agents 377

Agents Construction Design Branding 377

Housing Wire

FEBRUARY 1, 2023

“Since that is the case, there is risk involved if buydowns exceed 10 percent of your GNMA production, so the concentration of buydowns in your pipeline should be monitored closely.”

Marketing 404

Marketing FHA loan Loans Mortgages 404

RIS Media

DECEMBER 1, 2020

Realtors is a full-service, locally owned real estate company that provides a complete range of residential, investment and development services. The company’s two offices are co-owned by principal brokers Eva Sanders and Heather Adams. . Founded in 1994, Meadows Group Inc., “John L.

Principal 105

Principal Residential Branding Brokerage 105

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? ” Or maybe these developers know something I don’t.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Propmodo

APRIL 6, 2024

For a new building developer, this includes transportation emissions to the construction site and, eventually, demolition end-of-life impacts. Momentum is building for real estate firms to track embodied carbon more closely, but many still need to catch up. Scope 3 emissions also cover embodied carbon from construction materials.

Investor 107

Investor Construction Principal Industrial 107

RIS Media

FEBRUARY 17, 2022

Frank Polsinello, principal of RE/MAX Hallmark Polsinello Group Realty, is well known for his exceptional work ethic and sharp negotiation skills. With support from company vice president and son Brandon Polsinello, the team and its tech stack have grown and developed strategically within the last year.

Branding 88

Branding Technology Principal Brokerage 88

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 374

Commercial Brokerage Due diligence Title 374

Fancy Pants Homes

AUGUST 19, 2022

Farrah is one of the founding members of The Agency, and initially served as Director of Client Relations, working closely with stepdad Mauricio on multi-million-dollar deals. Farrah is also Paris Hilton’s cousin, and the two are pretty close (Farrah was even a bridesmaid in Paris’ wedding back in November 2021).

Branding 105

Branding Principal Residential Closing 105

Point2Homes

JUNE 30, 2021

The newly developed and expanded third floor includes two bedrooms and a cozy study space. Bragging points: Warmth and character can be found throughout this stunning home, with its big principal rooms, high ceilings, beautiful hardwood floors, showstopping fireplace, custom trim and modern fixtures. Image: Point2Homes.com.

Principal 91

Principal Renovation Development Design 91

RIS Media

JUNE 13, 2021

Metro Region operations with the addition of Principal Broker Zhanneta Nekrich. Maryland and Virginia markets and be responsible for the ongoing development of the firm’s agents and employees. In 2008, she started her own sales team and led them to great success, closing more than 300 residential sales in D.C.,

Residential 63

Residential Principal Development Industrial 63

Toronto Realty Blog

FEBRUARY 24, 2022

5% down, rental guarantees, property management and no closing costs (whereas here new pre-con closings costs are like 8% of purchase price). . It’s non-scientific, but if we go to www.buzzbuzzhome.com and simply type “Calgary,” we find 291 “new developments.” times the size of Calgary.

Closing costs 142

Closing costs Development Land Investor 142

Real Trends

NOVEMBER 13, 2022

Back then, principal brokers who formed a company recruited agents to help them take care of referrals.”. For Hata, this moment came when she finished a closing and realized she had forgotten to order a home warranty for her buyers. That never should have happened,” she said. “To Be slow to hire and quick to fire,” Hata instructed.

Brokerage 78

Brokerage Principal Agents Closing 78