Housing Wire

OCTOBER 27, 2023

After the announcement, Rithm faced competition from a group of investors , including Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff Yass, resulting in a dispute among Sculptor’s shareholders. Och and his group to acquire the asset management firm for $719 million, representing a 14% increase over the original bid.

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Closing Investor As-is Mortgages 362

Housing Wire

AUGUST 10, 2022

Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. Shortly after the [securitization] deal closed, loan delinquency rates increased unexpectedly,” the SEC alleges. has agreed to pay $1.75

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Investor Renovation Principal Loans 364

Housing Wire

AUGUST 2, 2021

Digital title provider Doma has finally gone public, but has already had to pay out nearly $300 million to early investors who redeemed their shares. But investors in Capitol exercised rights to redeem nearly 30 million public shares in the company in connection with the merger. V , the blank-check company that Doma was to merge with.

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Housing Wire

JANUARY 4, 2022

For well over a decade, the industry has made steady progress in digitizing mortgage closings. As a result, closings today fall on a spectrum of digitization, with benefits that increase with each component that is digitized and each document that is electronically signed (eSigned).

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Closing Industrial Investor Loans 441

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Do they need a pre-closing investor review? Of that volume, $6.2

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Investor Pre-approval Loans Lending 348

Housing Wire

FEBRUARY 10, 2023

“This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call on Friday. Cooper then decided to acquire Roosevelt.

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Closing Investor Residential Loans 370

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018. Further details of the acquisition were not disclosed.

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Closing Closing costs Investor Title 375

Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. Today, borrowers expect to close fast. Learn about the tools lenders should leverage to streamline home equity title and closing.

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Equity Investor Marketing Title 361

Housing Wire

SEPTEMBER 2, 2022

OWNS seeks to generate income for investors while also serving a social mission of reducing the racial-wealth gap by creating homeownership opportunities for minority communities as well as supporting the growth of affordable housing generally. We can’t close the racial-wealth gap and [expand] homeownership without access.”.

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Closing Marketing Investor Banks 442

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). loanDepot told investors on Tuesday that origination volumes would fall further in the third quarter. loanDepot shares closed at $1.84 million loss in the first quarter of 2022.

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Closing Principal Lending Loans 479

Housing Wire

JUNE 1, 2022

One avenue to reduce cost and streamline the closing process is to offer digital closings. Lenders and title agents also reported they can close more loans faster with the same or fewer people, and improve overall loan quality by reducing critical errors, avoiding missed signatures and unnecessary rework.

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Closing Title Loans Technology 399

Housing Wire

AUGUST 1, 2021

More than ever, borrowers want and expect to close their loans digitally, from the initial loan application through the final review and approval of their loan package. But while eClosings are convenient, it can be challenging to offer the same level of customer service online as with in-person closings.

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Closing Loans Closing costs Technology 370

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments.

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Investor Finance MLS Closing costs 351

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

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Closing Loans Banks Investor 481

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. The Series C was led by Addition , venture capitalist and investor Lee Fixel’s new fund. and Canada.

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Technology Closing Construction Commercial 254

Housing Wire

APRIL 18, 2024

Those who have adopted non-QM are seeing additional loans closed each month they otherwise wouldn’t have procured. Realtors , small business owners, gig workers, freelancers, real estate investors, CPAs, doctors and lawyers with their own practices all could be a non-QM borrower. So where are these non-QM loans just waiting to happen?

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Marketing Loans Investor Banks 403

Housing Wire

FEBRUARY 25, 2021

Professionals can be leaders in any and every area of the housing economy: lenders, servicers, investors and real estate. . The post 2021 Rising Stars Nominations are closing soon! We encourage a wide range of industry leaders to apply for consideration for this unique and powerful award. appeared first on HousingWire.

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Closing Investor Industrial 227

Housing Wire

APRIL 2, 2021

To coincide with the IPO, institutional investors have pledged to make a private investment of $250 million in the company. Our value proposition is truly unique given our proven ability to innovate and deliver complementary financial solutions that consumers want and investors value.

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Finance Closing Investor Mortgages 285

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. There is a short-term (monthly) float of around 13 days between the average on-time payment of principal and interest to the day of remittance to the investor. The post MSR market closes June on $5.2B

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Closing Marketing Loans Mortgages 331

Housing Wire

NOVEMBER 3, 2020

The company has introduced significant workflow efficiencies with mini-bulk loan sales, allowing users to send bids to multiple investors and integrate with the MSR broker community to value MSRs with brokers assumptions and create multiple automated commitments with just one click.

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The Close

JANUARY 25, 2022

Want to work with all-cash buyers who scoop up multiple properties per year, close fast, and won’t drag you to open houses every Sunday? As long as you’re willing to learn some new skills, then working with real estate investors might just be the best career move you’ll ever make as a realtor. Be an Expert in Your Market.

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Mashvisor

DECEMBER 1, 2021

Before acquiring a home as a real estate investor, there are a few things you should know regarding cash to close. When it comes to investing in real estate, a…

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Investor Closing 69

Housing Wire

OCTOBER 12, 2023

by 7.62% to $676 million amid competition from a group of investors and a dispute among the shareholders at the asset management firm. per-share bid from a consortium of investors, including Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff Yass. Sculptor said it still prefers the deal with Rithm due to the closing certainty.

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Investor Closing As-is Mortgages 372

Bigger Pockets

SEPTEMBER 10, 2023

Some investors may benefit from rolling closing costs into their mortgage payments. We'll break down this strategy and explain if it makes sense for you.

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Closing costs Closing Mortgages Investor 118

Housing Wire

FEBRUARY 15, 2024

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. So we’ll look for him to leverage his relationships into access to investors. Shant has an incredible network. We have a $25 million open series A funding round right now.

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Loan Officer Commercial Investor Banks 363

Bigger Pockets

JUNE 5, 2023

Closing costs are a crucial aspect of any real estate transaction. We'll explain who pays closing costs and how they impact you as an investor.

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Closing costs Closing Investor 110

Bigger Pockets

SEPTEMBER 8, 2023

Investors need to pay close attention to these growing risks. Rising interest rates shouldn't be the only warning sign on your radar.

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Investor Closing 110

Realty Biz

AUGUST 30, 2023

Real estate investors are buying 45% fewer homes in the second quarter of 2023 than they were in the same period last year, according to a new report from Redfin. In fact, the report found that investors purchased 19% of all homes sold in the second quarter, down from 32% in the same period last year.

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Housing Wire

MAY 10, 2024

A prospective buyer would still need to come up with $120,000 to close the gap. The investors included Tony Xu, chief executive of DoorDash ; Dylan Field, CEO of Figma ; and Paul Gu, co-founder of lending platform Upstart , among others. Consider, for example, a home that costs $400,000, with an assumable mortgage amount of $280,000.

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Mortgages VA loan Loans Lending 395

Broke Agent Media

APRIL 26, 2023

BAM Key Details: A new Redfin report finds real estate investors lost money on about one of every seven (13.5%) U.S. homes they sold in March—close to February’s 14.5%, the worst rate of loss since 2016—largely due to high mortgage rates dampening buyer demand. homes they sold in March—which is close to February’s 14.5%

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Housing Wire

APRIL 18, 2024

Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “ The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans.

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Loans Due diligence Investor Technology 399

CT Homes

OCTOBER 31, 2023

Among these is selling a home to investors , a choice that’s becoming increasingly popular for those seeking a quick and hassle-free sale. In this guide, we’ll explore what selling a home to investors entails and why it might be the easiest way to sell your home quickly. Why Sell Your Home to Investors?

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CT Homes

JANUARY 5, 2024

An increasingly popular option is to sell your home to investors. In this article, we’ll explore the pros and cons of choosing to sell your home to investors, ensuring you make an informed decision. What Does It Mean to Sell Your Home to Investors? We can close quickly!

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Housing Wire

NOVEMBER 15, 2022

This significant pool of clients includes self-employed, real estate investors and those with credit events. Originators who actively work within the non-QM space are closing additional loans every month. Real Estate Investors: The volume of investment properties has outpaced the purchase of primary homes throughout 2022.

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Bankruptcy Short sale Investor Title 376

Bigger Pockets

JANUARY 2, 2023

Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. Before buying a rental property, real estate investing can seem scary. But that doesn’t mean […].

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Closing Investor 95

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

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Housing Wire

AUGUST 31, 2023

New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty. The deal is expected to close in the fourth quarter of 2023. The bid is higher than the $11.15 million.

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