Housing Wire

JULY 1, 2022

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. On the last day of the month, the New York-based Mortgage Industry Advisory Corp. (or The post MSR market closes June on $5.2B Bids on that package were due on June 23. high note, but has it peaked?

Closing 307

Closing Marketing Loans Mortgages 307

Housing Wire

JULY 18, 2023

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He closed $23 million in sales volume in 2022.

Agents 359

Agents Loan Officer Principal Brokerage 359

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. Concerns over the existing VA policies have been echoed among mortgage professionals.

VA loan 441

VA loan Loans Principal Mortgages 441

Housing Wire

MARCH 6, 2024

Industry remains optimistic Every tracked geographic region recorded lower volume in February, but the largest — Pacific/Hawaii — recorded the least severe drop of 6.2%, according to RMI. It’s great to see the largest region drop less than most others, as that has a disproportionate impact on the overall industry,” Lunde told RMD.

Mortgages 352

Mortgages Seller concession Principal Loans 352

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. million; and pool 3, $312.9

Loans 378

Loans Purchase and sale agreement Principal Due diligence 378

Housing Wire

JANUARY 4, 2024

Amid an already challenging operating environment observed throughout 2023, both HECM endorsement volume and HECM-backed Securities (HMBS) issuance closed out the year on a low note, with both metrics falling lower from the month before, according to data from RMI and New View Advisors. Beyond that will depend on what happens to rates.”

Mortgages 398

Mortgages Bankruptcy Principal Finance 398

Housing Wire

MAY 9, 2024

“I said we expected 2024 to be a better year for the housing and mortgage industries, and the first quarter supports what I expected.” billion in closed loan volume from January to March. billion in unpaid principal balance (UPB), compared to $299.5 on Thursday morning, up 3.64% from the previous closing.

Sales 238

Sales Principal Loans Mortgages 238

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna has more than 20 years of experience in the real estate industry and a background that spans both real estate law and business. Williams has decades of experience in the real estate industry. She holds an A.B.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

AUGUST 25, 2022

Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. Qualia said its cloud-based platform is uniquely positioned to meet the various needs of real estate business as market conditions shift and the needs of industry professionals evolve. “We

Title 359

Title Principal Commercial Technology 359

Housing Wire

FEBRUARY 28, 2024

billion in closed loan volume last year , down from $133.1 Margins were close to the 99 bps level before the launch of the Game On pricing initiative in June 2022. billion in unpaid principal balance (UPB), compared to $312.4 on Wednesday morning, down 5.81% from the previous closing. billion reported in 2022.

Loans 396

Loans Principal Mortgages Closing 396

Housing Wire

NOVEMBER 8, 2023

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages. billion in unpaid principal balance as of Sep. Guild reported a $54.2

Principal 380

Principal Loans Mortgages Industrial 380

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. It’s probably close to a third of what it was anticipated to be.”

Sales 337

Sales Loan Officer Principal Loans 337

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. One expert in the MSR sector, who asked not to be named, said the bidding for the offering appears to have closed in late February or early March. to 5.25.

Principal 402

Principal Loans Banks Mortgages 402

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

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.” Luna has worked her way through the ranks and is now among the most recognizable pros in the title industry. “I

Title 368

Title Principal Closing Industrial 368

Housing Wire

MARCH 28, 2023

Those looking to buy a home can earn 5% back by using the Rocket Visa Signature Card for up to $8,000 that can be used toward closing costs and down payments. Homeowners who are making monthly mortgage payments to Rocket Mortgage can use their card points to receive 2% of their card spending toward their unpaid principal balance.

Closing costs 399

Closing costs Finance Principal Mortgages 399

Housing Wire

JUNE 3, 2022

The more recent offerings — Lakeview Trust 2022-EBO2, which closed in late April; and Lakeview Trust 2022-EBO3, set to close in early June — also involve EBO loans, according to KBRA ratings reports. Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2

Loans 360

Loans FHA loan Principal Marketing 360

Housing Wire

NOVEMBER 19, 2020

Digital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) – making it the eighth company to receive the specialized certification. How 2020 continues to impact mortgage closings.

Principal 425

Principal Technology Development Mortgages 425

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Court documents show that Sprout usually held back around 2% of the principal of each loan and returned the sum once due diligence was done and credit and closing documents conditions were satisfied. 20, 2022, to Feb. Presented by: Polly.

Due diligence 357

Due diligence Mortgages Principal Lending 357

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Court documents show that Sprout usually held back around 2% of the principal of each loan and returned the sum once due diligence was done and credit and closing documents conditions were satisfied. 20, 2022, to Feb. Presented by: Polly.

Due diligence 357

Due diligence Mortgages Principal Lending 357

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. And reverse purchase financing may finally find its rightful place within these industries,” he continued.

Finance 428

Finance Seller concession Loan Officer Loans 428

Housing Wire

APRIL 24, 2024

After learning about his path into the business , RMD sat down with Schmidt to learn more about his approach for enlisting new partners at FAR and across the wider industry. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We We use ‘partner’ to group all these roles together.

Mortgages 327

Mortgages Loan Officer Principal Loans 327

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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. Grant said.

VA loan 443

VA loan Agents Seller concession FHA loan 443

Housing Wire

JANUARY 12, 2024

There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing. Some companies in this space are better than others, but overall, the industry can give itself at least an A- in this category.

Finance 357

Finance Principal Residential Development 357

Housing Wire

OCTOBER 26, 2023

billion in unpaid principal balance (UPB) as of Sept. Also, the channel tends to represent a larger percentage of total industry originations in a low-volume environment because liquidity becomes relevant for many sellers. PFSI’s stock closed Thursday at $64.09, down 1.73% from the previous day. million in Q3 2023, up from $46.5

Fixed-rate mortgage 372

Fixed-rate mortgage Principal Banks Loans 372

Housing Wire

APRIL 7, 2021

These results are notable considering the sheer speed and impact the pandemic had on the mortgage finance industry. The servicing industry had to do this even while shifting its own workforce out of the office and into their homes. In a flash, millions of Americans lost their jobs and incomes. million Americans enter forbearance plans.

Mortgages 426

Mortgages Principal Loans Finance 426

Housing Wire

FEBRUARY 16, 2023

“I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.” Seehausen’s professional career spans nearly three decades in the mortgage industry.

Loans 299

Loans Principal Technology Development 299

Realty Biz

FEBRUARY 3, 2021

When you are close to applying for a mortgage, ask the lenders that you are considering for a “Loan Estimate” (previously known as a “Good Faith Estimate”). This is not the same as the amortization schedule that you find with most online mortgage calculators (these only include interest and principal). Photo by J.

Closing 117

Closing Mortgages Principal Loans 117

Housing Wire

AUGUST 4, 2022

Matrix also has agreed to begin using RoundPoint as a servicer prior to the deal’s closing date “and expects to begin transferring loans to RoundPoint in the fourth quarter of this year,” the Two Harbors announcement of the acquisition states. The deal with Matrix resulted in Roundpoint closing some sales operations and laying off employees.

Mortgages 334

Mortgages Pre-approval Principal Loans 334

Housing Wire

JANUARY 11, 2023

And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns. Unused funds at the time the borrower refinances go against their loan balance as a principal reduction.

Seller concession 523

Seller concession Mortgages Loan Officer Loans 523

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

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The elevated mortgage rate environment has created a mortgage rate lockdown effect of sorts, limiting the pool of customers for the mortgage industry. Layoffs, LOs leaving the industry for good. over asking price. High octane stuff.

Equity 500

Equity Marketing Loans Bankruptcy 500

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. The share was declining 1.31% after the market closed.

Technology 352

Technology Loans Principal Mortgages 352

Housing Wire

MAY 5, 2023

Although they went largely under the radar at the time, they ultimately caused an uproar among consumers , the mortgage industry and even some lawmakers. The industry started rolling these out to consumers in the interim, [which is] just the way the mechanics of the mortgage market works.

Principal 330

Principal Industrial Mortgages Finance 330

Housing Wire

JULY 27, 2023

billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31. Executives said the channel tends to represent a larger percentage of total industry originations in a low-volume environment because liquidity becomes relevant for many sellers. PFSI’s stock closed Thursday at $80.20, down 1.85%. trillion to $1.8

Banks 284

Banks Principal Loans Commercial 284

Housing Wire

OCTOBER 18, 2022

A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6. Sprout was founded in 2009 by industry veteran Michael Strauss and became “one of the fastest growing non-QM lenders in the country,” according to the lawsuit.

Loans 369

Loans Principal Mortgages Lending 369

Housing Wire

AUGUST 12, 2022

This story just reiterated my thoughts on how our industry can help change lives in difficult economic conditions. Tom O’Donoghue: I know when I have success when my clients have tears of joy at the closing and refer their friends to me. HW Media : What are 2-3 trends that you’re closely following? .

Principal 332

Principal Loans Lending Banks 332