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. Principal among these are: Invested capital “requires” the highest return. exceeds $1.5

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Finance Principal Residential Development 352

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. The lender closed the channel and laid off staffers earlier this year after incurring a $223 million loss in the second quarter.

Sales 344

Sales Mortgages Principal Equity 344

Calculated Risk Real Estate

JUNE 7, 2024

In the first quarter of 2024, the total number of mortgaged residential properties with negative equity decreased by 2.1% From CoreLogic this morning: Homeowner Equity Insights – Q1 2024 CoreLogic analysis shows U.S. homeowners with mortgages (roughly 62% of all properties*) have seen their equity increase by a total of $1.5

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Closing Equity Short sale Banks 55

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 357

Loans FHA loan Principal Marketing 357

Housing Wire

NOVEMBER 24, 2020

The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions and review, according to a release. Homesnap has great relationships, data , software, and tools for residential real estate professionals that are complementary to our existing offerings ,” Florance said.

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Principal Residential Commercial Development 424

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. Since its closing, the company has been the target of several lawsuits. Representatives for FirstFunding and Sprout did not return requests for comments.

Loans 367

Loans Principal Mortgages Lending 367

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity. securities regulations.

Investor 336

Investor Renovation Principal Loans 336

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

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.

Investor 278

Investor Principal Loans Lending 278

Housing Wire

OCTOBER 31, 2022

By the end of 2022, roughly 50 merger or acquisition (M&A) transactions will be announced or closed, which is 50% more than 2018 — the record year for lender consolidation, according to Stratmor Group. McGarry said Guild would look for companies that will strengthen Guild’s retail channel, but will be very patient in closing a deal.

Industrial 320

Industrial Mortgages Principal Loans 320

Housing Wire

AUGUST 9, 2022

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8 for the February offering and 5.5%

Marketing 363

Marketing Bankruptcy Loans Principal 363

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. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 425

Finance Seller concession Loan Officer Loans 425

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. We closed a $10 billion deal not long ago,” he said. Next, we might be working on $30 billion or $40 billion [in MSR deals].

Marketing 357

Marketing Principal Banks Loans 357

Housing Wire

FEBRUARY 2, 2023

However, the company was able to report a profit in an extremely difficult operating environment for residential mortgage originators in addition to seasonally low purchase origination volumes in Q4.” PFSI ’s stock closed Thursday at $72.55, up 5.21%. The stocks declined 13% in the aftermarket following the earnings publication.

Marketing 291

Marketing Banks Principal Loans 291

Housing Wire

MARCH 10, 2022

The company’s unpaid principal balance increased 18% last year to $70.9 In May, Guild announced the acquisition of Maine-headquartered retail lender Residential Mortgage Services Holdings for $196.7 Guild shares closed on Thursday at $11.59, down 2.28% from the prior day.

Marketing 369

Marketing Loans Principal Mortgages 369

Housing Wire

MARCH 7, 2024

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. KBRA expects fiscal year 2024 issuance for RMBS 2.0

Investor 355

Investor As-is Commercial Equity 355

RIS Media

OCTOBER 4, 2020

Readers may nominate as many individuals as they like, as well as themselves, and nominees can be from any walk of the residential or commercial real estate industries, including, but not limited to: brokers, agents, service providers, professionals from the mortgage, title, insurance sectors, etc. Nominate a 2021 Newsmaker here.

Closing 75

Closing Principal Commercial Title 75

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. According to the NAR, there were 1.28 million existing homes on the market in August and would take 3.2 About 9.1%

Mortgages 404

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 404

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 at close of the New York Stock Exchange on Thursday. billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. The New York City-headquartered company began offering shares Thursday morning.

Brokerage 300

Brokerage Principal Loans Branding 300

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. Making the Transition From Residential Agent to Commercial Agent. How Much Does Getting Your CCIM Cost in 2020? 4 Steps to Getting Your CCIM in 2020.

Residential 102

Residential Design Agents Commercial 102

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

JULY 7, 2021

The sale of the Champion reverse servicing portfolio will be required to go through any relevant regulatory processes and other unspecified closing conditions before the deal can be completed, but is expected to close sometime between now and the end of 2021 according to a statement released by Mr. Cooper.

Sales 385

Sales Mortgages Branding Principal 385

Housing Wire

FEBRUARY 28, 2023

Right-sizing as a painful year comes to a close The theme of the earnings call on Tuesday after market close was right-sizing. billion in cash, “continues to be conservative with respect to capital management during this very severe operating environment for non-bank residential mortgage companies.” Rocket has 2.5

Mortgages 370

Mortgages Principal Title As-is 370

Housing Wire

FEBRUARY 7, 2023

Servicers can only charge up to $900 to process, underwrite and close a transaction that includes a loan assumption. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan. Tozer suggested “a fee of 1.3%

FHA loan 367

FHA loan Mortgages Loan Officer VA loan 367

Housing Wire

MARCH 26, 2021

“It’s one of the hottest cities to move to in northern New England,” said Dava Davin, a principal broker at Portside Real Estate Group in Portland. Portland is close to a plethora of boating, hiking, and skiing opportunities, and the local food scene is dynamic, she said.

Marketing 453

Marketing Land Principal Sales 453

Housing Wire

MARCH 17, 2022

The MAXEX report notes that residential mortgage-backed securities (RMBS) deals backed by investment properties decreased “significantly in February,” in large part due to the removal of the agency limit on purchasing those loans. “The billion closed through March 25 of this year. Pelka agrees that the PLS market is under pressure. “In

Loans 289

Loans Marketing Due diligence Residential 289

Housing Wire

JUNE 16, 2022

“Based on our conversations with clients, we believe many market participants will be pleased with the aggressive approach of the Federal Reserve, as there is some belief the Fed’s decision will more quickly bring stability to the home mortgage interest rate environment,” said Marty Green, principal at mortgage law firm Polunsky Beitel Green. .

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

RIS Media

DECEMBER 1, 2020

Realtors is a full-service, locally owned real estate company that provides a complete range of residential, investment and development services. The company’s two offices are co-owned by principal brokers Eva Sanders and Heather Adams. . Founded in 1994, Meadows Group Inc., “John L. “We “John L. Scott Real Estate.

Principal 103

Principal Residential Branding Brokerage 103

Housing Wire

FEBRUARY 3, 2022

Incenter completed a dozen bulk sales transactions in January involving MSRs for agency-backed loan pools that together had a total unpaid principal balance of $113.2 In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. million to $23.7

Purchase and sale agreement 349

Purchase and sale agreement Marketing Equity Banks 349

RIS Media

APRIL 6, 2021

United® Real Estate’s company-owned operations have recently been recognized as the eighth largest residential real estate brokerage in the nation ranked by number of transactions. 14 in closed sales volume. 14 in closed sales volume. 139 to No. 8 in sales transactions and to No. 139 to No.

Brokerage 97

Brokerage Principal Residential Sales 97

Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. Carrie’s unparalleled knowledge of Big Island luxury properties and international business relations has resulted in over a billion dollars in residential and land sales across her career.

Agents 373

Agents Construction Design Branding 373

Housing Wire

MARCH 1, 2023

Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. trillion by the close of 2024. billion for commercial mortgage-backed securities (CMBS) and only $500 million for nonagency residential MBS. trillion last year, the Amherst report shows.

Marketing 358

Marketing Banks Mortgages Investor 358

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. Other sectors The narrative is similar for the private-label residential mortgage-backed securities (RMBS) market.

Mortgages 335

Mortgages Marketing Banks Investor 335

Housing Wire

DECEMBER 22, 2023

As 2023 moved toward a close, 30-year fixed rates had dropped into the mid-to-high 6% range. Net issuance in MBS represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments.

Mortgages 403

Mortgages Banks Loans Industrial 403

Housing Wire

MAY 9, 2023

debt-to-income ratios); appraisal issues; missing documentation; employment verification; and undisclosed liabilities — “people taking out a car loan the day before they close on their mortgage.” He added that loan defects often leading to repurchase requests include, among others, borrower income-related issues (i.e., 31, 2022, $3.36

Loans 372

Loans Debt-to-income ratio Banks Mortgages 372

Fancy Pants Homes

AUGUST 19, 2022

Selling Sunset is one of the most watched series on the platform, following agents at The Oppenheim Group as they navigate the daily dramas and dealings of the high-stake luxury residential market in L.A. Buying Beverly Hills will focus on agents at The Agency (that’s a fun play on words) and the ultra-fab Beverly Hills residential market.

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Branding Principal Residential Closing 94

Housing Wire

SEPTEMBER 10, 2020

Orchard , which operates a home buying and selling marketplace, has closed on a $69 million Series C round led by Revolution Growth. Upon closing, customers are able to move in when ready and won’t have to start paying a mortgage until their old home sells. Patrick Conroy, principal at Washington, D.C.-based

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Title Branding Principal Loans 234