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.

Equity 318

Equity Investor Marketing Title 318

Housing Wire

NOVEMBER 25, 2020

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. Any subsequent holder could prove what was done as if they were the very first investor.

Due diligence 461

Due diligence Residential Industrial Investor 461

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.

Technology 238

Technology Closing Construction Commercial 238

Marco Santarelli

FEBRUARY 8, 2024

Commercial Real Estate, Residential Real Estate, and Corporate Credit Commercial Real Estate and Residential Real Estate are identified as key vulnerabilities due to potential strains arising from maturing loans, expiring leases, and weakened demand for office space. Financial Risks: Unveiling Vulnerabilities 3.1 financial system.

Residential 98

Residential Commercial Lending Loans 98

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. issues, which FundingShield says indicates a lack of appropriate controls by closing agents and lenders to identify and fix issues. “Q1 On loans that exhibited problems, the analysis found an average of 2.22 of transactions.

Loans 428

Loans Title Commercial Closing 428

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB stock was trading at $3.80

Equity 300

Equity Mortgages Banks Commercial 300

Housing Wire

MARCH 29, 2024

Its most recent endeavor is Upfront Title , launched during the third-quarter earnings call with investors and analysts. This represents a 43% premium compared to the share’s closing price on March 27. The companies announced late Thursday that TRG has agreed to acquire Doma’s outstanding shares at $6.29

Title 342

Title Technology Residential Investor 342

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Everything can be done except for closing.

Mortgages 361

Mortgages Lending Investor Loans 361

Housing Wire

JULY 6, 2022

The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. In April, HousingWire chronicled the struggles of lenders in the non-QM space as rates surged. Sprout does most of its business through mortgage brokers.

Mortgages 497

Mortgages Investor Loans Residential 497

Housing Wire

FEBRUARY 24, 2022

On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 Our adjusted earnings in the fourth quarter reflect the best quarter in the company’s history,” newly appointed CEO Mike Nolan said during a call with investors. billion, with $1.0

Title 345

Title Commercial Land Residential 345

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.

Loans 359

Loans Due diligence Investor Technology 359

Housing Wire

DECEMBER 8, 2020

Residential real estate marketplace Sundae has announced it closed $36 million in Series B funding on Tuesday, led by QED Investors and with additional participation from Founders Fund , Susa Ventures , Navitas Capital , Prudence Holdings and General Global Capital. million in Series A funding this June. “Our

Investor 340

Investor Closing costs Inspection Closing 340

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%

Investor 98

Investor Sales Mortgages Closing 98

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. For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4 million a year prior.

Title 313

Title Marketing Commercial Investor 313

Housing Wire

MAY 11, 2022

The firm attributed the title sector’s solid showing in the midst of a drastic decrease in refinance volume to strong residential purchase and commercial revenue, which have significantly higher fees per file than refinance orders. This is only slightly lower than the $2.5 billion recorded a year ago. Presented by: SoftPro.

Title 357

Title Commercial Residential Investor 357

Housing Wire

JULY 13, 2023

AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. premium to Western Asset’s closing stock price as of July 12. million in management fees in the first year after closing. Investors have been skeptical about Terra Property’s shares value as it’s a non-traded REIT.

Mortgages 292

Mortgages Residential Property Management Closing 292

Housing Wire

AUGUST 25, 2023

AmeriFirst told Housingwire that the bankruptcy action has no impact on closed mortgages and the loans in the pipeline will be closed and funded. Bowlby had aimed to close $100 million in origination volume a month but AmeriFirst’s origination volume came in way lower than expectations. In 2022, AmeriFirst closed $2.5

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Housing Wire

DECEMBER 9, 2022

CoStar Group , a provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, cut approximately 100 positions as it announced the integration of Homesnap with its Homes.com brands late last month. . The company, a giant in the housing industry with a market cap of $32.8

Industrial 314

Industrial Residential Mortgages Investor 314

Housing Wire

FEBRUARY 21, 2023

The deal will offload an FoA subsidiary division that offers residential real estate investment loans. Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors.

Commercial 294

Commercial Lending Finance Title 294

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Investors’ No. Of this, the U.S. accounts for approximately 23%. exceeds $1.5

Finance 345

Finance Principal Residential Development 345

Housing Wire

AUGUST 12, 2022

Loans in Pools 1 thru 3 are being serviced by New Residential Mortgage LLC , NewRez LLC and Fannie Mae — and subserviced by NewRez LLC, Fannie’s fact sheet on the deal states. The parent company of New Residential Mortgage, Caliber Home Loans and NewRez — New Residential Investment — earlier this summer was rebranded as Rithm Capital.).

Loans 374

Loans Purchase and sale agreement Principal Due diligence 374

Housing Wire

MARCH 22, 2023

Pacific Western Bank also explored a capital raise with potential investors. from the previous closing. “We The increase was due primarily to the residential and real estate mortgage and construction portfolios, consisting of 70% of the total portfolio in Q4 2022. PacWest Bancorp’s shares were trading at $10.94

Banks 349

Banks Commercial Loans Investor 349

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. 18, and the deal closed two weeks later.

Loan Officer 367

Loan Officer Loans Lending Mortgages 367

Real Trends

JANUARY 11, 2023

New Western, a marketplace for fix-and-flip residential properties, released a report that found investors remain confident going into the new year, despite challenges like low housing inventory and high mortgage rates that the housing market currently faces. The company conducted the investor survey in November 2022.

Investor 83

Investor Renovation Residential Mortgages 83

Realty Biz

JANUARY 11, 2024

The two dimensions of the real estate world, residential and commercial, have significant differences, and any aspiring agent needs to know what it all is about before biting off more than they can chew. It can be crucial to know in advance if you can do both commercial and residential real estate.

Commercial 48

Commercial Residential Agents Brokerage 48

Housing Wire

JANUARY 23, 2023

Through the Touchless Lending technology, an application can reach a clear-to-close decision within a week, 80% faster than the average industry time of 50 days. Residential mortgage lending transactions involve several people, apart from borrowers and lenders, says Mohammad Rashid, head of fintech innovation at Tavant.

Lending 352

Lending Mortgages Technology Loans 352

Housing Wire

JULY 14, 2022

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. Because we are in the hard money space, we don’t have a lot of investors willing to buy our assets because of the rate hikes, is what our CEO told us.”.

Loans 368

Loans Investor Finance Construction 368

Housing Wire

JUNE 21, 2022

As investors fled the space, their valuations declined 17.4% The companies include Finance of America Companies , Flagstar Bancorp , Guild Holdings Company , Home Point Capital , loanDepot , Mr. Cooper Group , New Residential Investment Corp. The stock debuted in 2021 at $14 a share and closed on Friday at just $1.52

Mortgages 381

Mortgages Residential Investor Finance 381

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. KBRA Analytics’ acquisition of DLD closed quietly on Aug.

Lending 350

Lending Finance Investor Equity 350

Housing Wire

AUGUST 11, 2023

AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo, Gordon & Co. per share, a 34% premium on Western Asset’s closing stock price on the NYSE on July 12, 2023. Investors were skeptical about Terra Property’s share value since it’s a non-traded REIT. AG Mortgage Investment Trust, Inc.

Mortgages 307

Mortgages Property Management Residential Investor 307

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). billion have been completed involving HELOCs as collateral.

Equity 355

Equity Marketing Fixed-rate mortgage Finance 355

Realty Biz

AUGUST 21, 2023

In the real estate market of 2023, savvy investors with a little cash on hand are well situated to bring in healthy profits. Savvy investors have a tax strategy planned out before they invest their first dollar. Harness the power of depreciation According to the IRS, the lifespan of a residential property is 27.5

Investor 97

Investor Equity Loans Sales 97

Housing Wire

JULY 28, 2023

“We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. These decreases came as the total number of closed title orders for the quarter dropped to 128,300 from 205,000 a year ago.

Title 280

Title Commercial Residential Investor 280

Housing Wire

SEPTEMBER 12, 2023

Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. After a loan is funded, the lender usually sells it to an investor who pays a price expecting a long-term return. But it will bring with it different challenges.

Loan Officer 394

Loan Officer Loans Investor Mortgages 394

Housing Wire

FEBRUARY 4, 2021

Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said. “We The investors dropped their takeover bid on Nov.

Lending 411

Lending Equity Investor Finance 411

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. The announcement comes shortly after MeridianLink, which is owned by private equity giant Thoma Bravo , posted its quarterly earnings results.

Mortgages 361

Mortgages Lending Technology Banks 361

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. homes are over 30 years old.” billion, according to IMF.

Investor 271

Investor Principal Loans Lending 271