Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. The volume almost doubles the acquirer’s presence in the Philadelphia market, with combined deposits of nearly $8.6 Republic Bank is adding $5.3

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Banks Closing Loan Officer Loans 365

Housing Wire

JULY 26, 2023

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

Investor 370

Investor Closing costs Loans Mortgages 370

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 372

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. residential markets over the last decade.

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Closing Investor Residential Loans 370

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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Investor Title Principal Closing 384

Housing Wire

MAY 16, 2022

In 2022’s changing market, non-QM has been a hot topic for many. 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?

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Investor Pre-approval Loans Lending 357

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

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). That leaves loanDepot’s market share down to 2.4%. “We are not going to chase market share,” Martell told analysts. loanDepot shares closed at $1.84

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Closing Principal Lending Loans 479

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 379

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. “The largest, undisrupted market in the U.S.,” presentation slide for investors in the SPAC that took it public, also in 2020. “Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc.

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Marketing Investor Sales Renovation 420

Housing Wire

FEBRUARY 22, 2024

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. These strategic investments are resulting in cost ratios that are somewhat elevated given we are in a market with historically low transaction volumes,” Eppinger said.

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Title Marketing Investor Commercial 414

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 343

Housing Wire

JUNE 1, 2022

This was up from $9,140 per loan in the third quarter as the market transitioned from a rate-term refinancing market to a purchase and cash-out refinancing market. One avenue to reduce cost and streamline the closing process is to offer digital closings.

Closing 404

Closing Title Loans Technology 404

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

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Equity Purchase and sale agreement Marketing Lending 415

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.

Investor 362

Investor Finance MLS Closing costs 362

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020. million, up from 1.03

Marketing 539

Marketing Sales Mortgages Days on market 539

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

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Mortgages Marketing Banks Investor 382

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. Given the success of our early testing, we expect to deploy it in two markets within the next year.”

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Title Marketing Commercial Investor 368

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 486

Housing Wire

JANUARY 29, 2024

Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housing market, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. How close are we from being done?

Marketing 458

Marketing Mortgages Investor Technology 458

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. At Mortgage News Daily , rates were at 6.61% on Thursday afternoon, up one basis point from the previous closing and 23 bps from 6.38% compared to Friday. The survey shows the same rate was 4.67% a year ago.

Marketing 522

Marketing Fixed-rate mortgage Banks Mortgages 522

Housing Wire

OCTOBER 4, 2022

HousingWire recently spoke with Brian Webster, President of NotaryCam, about how RON can provide a competitive advantage for lenders both in terms of being a digital capstone for customers and a means for attracting and retaining top talent in the current market. .

Marketing 396

Marketing Title Closing Investor 396

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 368

Finance Marketing Lending Investor 368

Housing Wire

APRIL 5, 2022

“Angel Oak, along with the rest of the non-QM industry, has been forced to make rapid adjustments to ensure liquidity during this highly volatile market,” a company spokesperson told HousingWire. . Lenders offer borrowers to lock the mortgage rates for a period between the offer and the closing date, which vary according to their policies.

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Marketing Investor Loans Banks 404

Housing Wire

NOVEMBER 3, 2020

Lenders have seen it all this year: high volumes, volatility, market uncertainty… the list goes on and on. Amid evolving market conditions, today’s mortgage lenders continue to seek new and innovative ways to leverage advanced automation—the great accelerator. Leverage a PPE both broad in reach and deep in functionality.

Industrial 391

Industrial Closing Loans Lending 391

Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. At the same time, the data suggests several benefits for early adopters.

Property Management 393

Property Management Marketing Technology Branding 393

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). One of those deals made its way to the market this year.

Equity 382

Equity Marketing Fixed-rate mortgage Finance 382

Housing Wire

MAY 10, 2024

A prospective buyer would still need to come up with $120,000 to close the gap. As we continue to expand to new markets, Roam Boost and our partnership with Spring EQ is a key part of bringing that mission to a broader base of potential buyers.” Roam now services 35% of homes with FHA and VA loans in the U.S.,

Mortgages 418

Mortgages VA loan Loans Lending 418

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 406

Marketing Purchase and sale agreement Investor Banks 406

Housing Wire

OCTOBER 31, 2022

“Our third quarter results reflect the headwinds experienced from increased mortgage interest rates that have significantly impacted the market. The market has shifted away from refinance towards purchase and commercial transactions, which is where we are stronger. And consequently, we are growing our market share.”.

Title 349

Title Marketing Commercial Investor 349

Housing Wire

FEBRUARY 23, 2023

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022.

Title 348

Title Marketing Commercial Mortgages 348

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Marketing 382

Marketing Renovation Investor Sales 382

Housing Wire

APRIL 18, 2024

A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market. It makes sense that the investors are asking lenders to ward off as many problems as possible [via QC efforts] before a loan is made. “The

Loans 408

Loans Due diligence Investor Technology 408

Housing Wire

JULY 27, 2022

through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 Angel Oak Cos.,

Marketing 381

Marketing Loans Investor Mortgages 381

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We In addition to Compass’ market share gains, the firm also recorded a 10% annual bump in revenue to $1.05

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Agents Brokerage Investor MLS 393

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion by the close of 2024.

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Marketing Banks Mortgages Investor 381

RIS Media

JULY 29, 2021

Are real estate investors creating excessive competition amid the inventory shortage? ®, some markets are being hit hard by investor activities, while others are benefitting. According to the data, investors are worsening the inventory shortage in 31 of the top 50 U.S. According to a new report from realtor.com®,

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Investor Due diligence Marketing Inspection 111