Housing Wire

MAY 8, 2024

billion in unpaid principal balance (UPB) in the first quarter, down 1.5% The deal adds to Rithm’s core strategy of diversification as an alternative asset manager, according to a statement from chairman and CEO Michael Nierenberg during the announcement of the deal’s closing. company with $536.6

Loan Officer 393

Loan Officer Principal Loans Mortgages 393

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

Closing 338

Closing Marketing Loans Mortgages 338

Sotheby's International Real Estate

JANUARY 20, 2022

Ordino, The Principality of Andorra | Narcís Socías Tomàs, Andorra Sotheby’s International Realty . It is located very close to the center of the parish and just a few minutes from the cable car that gives access to the Vallnord ski slopes.

Principal 96

Principal Residential Development Branding 96

Housing Wire

FEBRUARY 13, 2024

Texas followed closely with a 34% share of sales, marking an increase of 10 percentage points from the previous year. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community.

Sales 451

Sales Principal Staging Construction 451

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. They made the leap back to Compass in October.

Principal 420

Principal Brokerage Agents Technology 420

Housing Wire

DECEMBER 7, 2023

According to the company , the offering size was increased from the previously announced $650 million aggregate principal amount of notes. Pennymac’s offering is expected to close on Dec. 11, subject to customary closing conditions. Pennymac’s offering is expected to close on Dec. A total of $1.8

Principal 329

Principal Equity Investor Mortgages 329

Housing Wire

FEBRUARY 22, 2024

billion in closed loan volume, down from $133.1 billion in closed loans through its direct-to-consumer channel and $8.5 The unpaid principal balance in its servicing book increased to $509 billion as of Dec. Gain-on-sale margins posted for Q4 2023 were 268 points, down from the previous quarter’s 276 points. Rocket has 2.5

Mortgages 430

Mortgages Principal Lending Loans 430

Housing Wire

APRIL 7, 2022

The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 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.”. million; and pool 3, $367.4

Loans 369

Loans Sales Due diligence Principal 369

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 384

Loans Purchase and sale agreement Principal Due diligence 384

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 368

Agents Loan Officer Principal Brokerage 368

Calculated Risk Real Estate

SEPTEMBER 8, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing 125

Closing Equity Principal Short sale 125

Calculated Risk Real Estate

MARCH 7, 2024

There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. Quarterly Increase in Mortgage Debt Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1

Closing 68

Closing Equity Principal Short sale 68

Housing Wire

MARCH 27, 2024

An official from the VA previously told HousingWire that the department is working closely with the Department of Justice (DOJ) to determine any potential implications for veteran borrowers and is committed to ensuring that veterans are neither disadvantaged in the homebuying process nor overcharged.

VA loan 450

VA loan Loans Principal Mortgages 450

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

OCTOBER 12, 2021

PNC Bank allegedly breached Fannie Mae ’s COVID-19 payment deferral agreement by continuing to charge homeowners who opted for the home retention option for past-due monthly principal and interest payments. Additionally, the lawsuit claims that PNC’s practices violated the Maryland Consumer Protection Act (MCPA).

Banks 374

Banks Principal Loans Lending 374

Housing Wire

MAY 9, 2024

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. The company’s volume in the first quarter consisted mainly of purchase loans, representing $22.1 billion in the previous quarter and $297.9

Sales 246

Sales Principal Loans Mortgages 246

Housing Wire

OCTOBER 11, 2023

The deal will add a mortgage servicing rights (MSR) portfolio of about $136 billion in unpaid principal balance to Rithm. Following the transaction’s closing, which is expected to happen in the first quarter of 2024, SLS will operate under NewRez, the eighth-largest U.S. 10-12 at the Hyatt Lost Pines.

Principal 446

Principal Loans Investor Finance 446

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 387

Loans FHA loan Principal Marketing 387

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% the month prior. The median U.S.

Mortgages 508

Mortgages Principal Brokerage Finance 508

Housing Wire

AUGUST 25, 2022

Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. We think about Qualia as an extension of the Redfin ecosystem and that’s not possible without the Qualia API,” Mary Pappas, the principal product manager at Redfin, said in a statement.

Title 378

Title Principal Commercial Technology 378

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 417

Loans Principal Mortgages Closing 417

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 419

Principal Loans Banks Mortgages 419

Housing Wire

MAY 10, 2023

Mr Cooper also estimates a tangible book value increase of about $1 per share at closing. million customers and $853 billion in unpaid principal balance (UPB) at the end of March. “The The deal is subject to customary closing conditions and regulatory approvals, the companies said. Mr. Cooper had 4.1

Equity 392

Equity Principal Mortgages Loans 392

Housing Wire

APRIL 24, 2024

billion in unpaid principal balance (UPB), down 19% on a quarterly basis and 5% below year-ago levels. At the close of the market on Wednesday, Pennymac’s stock price was $92.07, up 4.86% since the start of the year. Meanwhile, the revenue growth compared to Q1 2023 was largely due to higher overall origination volumes and margins.

Lending 410

Lending Loans Principal Mortgages 410

Housing Wire

AUGUST 2, 2021

” When the COVID-19 pandemic hit, many states issued temporary executive orders to authorize the suspension of its requirement that the principal persons involved in notarization physically appear before a notary, and began allowing notarizes to view the singing of a paper document through an audiovisual communication tool.

Title 409

Title Principal Closing Land 409

Housing Wire

MARCH 6, 2024

Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 In connection with the transaction, which is expected to close on March 11, NYCB will sell and issue shares of common stock at $2 and a series of convertible preferred stock with a conversion price of $2.

Equity 345

Equity Mortgages Banks Commercial 345

Housing Wire

MAY 4, 2023

“We believe this engagement will help grow our market share in purchase, as well as lower our client acquisition cost, meaningfully lift conversion from lead to close, increase retention and extend client lifetime value,” Brown added. The unpaid principal balance in its servicing book declined to $524.8 Rocket reported $8.1

Principal 395

Principal Closing costs Mortgages Closing 395

Housing Wire

AUGUST 1, 2023

The deal – which will result in Homepoint becoming a wholly subsidiary of Mr. Cooper – was first announced in May and was expected to close in the third quarter of 2023. The expectation was that the deal would close in the second half of 2023. Cooper’s chairman and CEO, said in a statement. The deal was announced in February.

Principal 370

Principal Investor Mortgages Closing 370

Housing Wire

MARCH 5, 2024

Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 In addition, NYCB is also responsible for a subservicing portfolio close to $300 billion in UPB, comprehending about 1 million loans, per KBW analysts’ estimate.

Sales 387

Sales Banks Principal Loans 387

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 368

Loans Purchase and sale agreement Sales Principal 368

Housing Wire

OCTOBER 19, 2022

Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H. The lender closed the channel and laid off staffers earlier this year after incurring a $223 million loss in the second quarter.

Sales 388

Sales Mortgages Principal Equity 388

Calculated Risk Real Estate

DECEMBER 7, 2023

Mortgage Equity Withdrawal is an aggregate number and is a combination of homeowners extracting equity - hence the name "MEW" - and normal principal payments and debt cancellation (modifications, short sales, and foreclosures). 1 (sometimes called the Flow of Funds report) released today.

Closing 70

Closing Equity Principal Short sale 70

Housing Wire

AUGUST 4, 2022

billion in closed loans from April to June, down from $83.7 Rocket is forecasting closed loan volume in the third quarter between $23 billion and $28 billion, with gain-on-sale margins between 2.50% and 2.80%. The company’s servicing book unpaid principal balance reached $538 billion at June 30, 2022, up 6% from June 30, 2021.

Principal 410

Principal Lending Mortgages Loans 410

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 397

Sales Principal Loans Banks 397

Housing Wire

FEBRUARY 7, 2024

billion in consumer loans from Goldman Sachs and closed the acquisition of Sculptor Capital Management , bringing in $33 billion in assets under management. The company also announced a deal to acquire Computershare Mortgage Services , including Specialized Loan Servicing (SLS), adding $136 billion in unpaid principal balance (UPB) of MSR.

Loan Officer 385

Loan Officer Loans Mortgages Principal 385

Housing Wire

MARCH 6, 2024

Low issuance is caused by higher interest rates, resulting in lower Principal Limit Factors (PLFs), combined with the high upfront Mortgage Insurance Premium (MIP),” Kelly explained. Until the upfront MIP is restructured, it will keep origination volume down. The resulting lower HECM production inevitably reduces HMBS production.”

Mortgages 392

Mortgages Seller concession Principal Loans 392

Housing Wire

NOVEMBER 2, 2023

The Detroit-based lender closed the third quarter with $1 billion cash on hand. Rocket’s servicing book unpaid principal balance, which includes subserviced loans, was $506 billion as of Sept. billion of unpaid principal balance to its portfolio. Rocket’s liquidity improved in Q3 to $8.7 billion from $8.6

Principal 420

Principal Loans Technology Mortgages 420