Housing Wire

OCTOBER 12, 2023

Interestingly, though, FMV isn’t always the final purchase price in a lot of the deals out there. When we see transactions that are executed at a price that is materially different than FMV, it is usually because the deal terms are imbalanced, favoring either the buyer or the seller.

Brokerage 421

Brokerage Closing As-is Agents 421

Housing Wire

MARCH 19, 2024

He led the company during the tumultuous acquisition of Sculptor Capital Management in 2023, bringing in $34 billion in assets under management.

Equity 415

Equity Loan Officer Principal Loans 415

Housing Wire

AUGUST 31, 2023

Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty. In addition, if the group breaches and refuses to consummate the deal, its financial exposure in damages action is capped at $39.2 The deal is expected to close in the fourth quarter of 2023. Meanwhile, Rithm is exposed to full damage.

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Investor Equity Closing Finance 397

Housing Wire

AUGUST 28, 2023

billion merger deal to go through. September 1 is the deadline for Black Knight stockholders to decide if they want to receive cash or ICE stock in exchange for their shares as part of the merger deal. In recent years, ICE has sealed several deals to expand beyond its core exchanges business. Intercontinental Exchange Inc.

Closing 369

Closing Loans Mortgages As-is 369

Housing Wire

MAY 23, 2023

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals. The seller continues to have an obligation to manage their company that they still own after an asset deal,” one industry source explained.

Loans 397

Loans Purchase and sale agreement Due diligence Industrial 397

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. What we’re seeing is just increased competition over every deal. LOs do something new In an environment where every deal counts, some go niche.

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Loan Officer Mortgages Loans Closing costs 397

Housing Wire

OCTOBER 26, 2023

The deals are part of the firm’s plan to become a leading global asset manager, executives said. In a call with analysts, he added that there’s “a lot of press around” the deal, but Rithm is “excited to get this thing wrapped up.” To support its acquisitions, Rithm had $1.9

Principal 410

Principal Loans Mortgages Banks 410

Housing Wire

JUNE 22, 2023

Connecticut-based lender and servicer Planet Home Lending announced on Thursday a deal that boosts its servicing portfolio, which the company claims is already above the $90 billion mark. The deal with Village consists of 45,000 home loans securitized by Ginnie Mae. Planet was very active in MSR deals in the first half of 2023.

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Closing Lending Loans Commercial 370

Housing Wire

JULY 24, 2023

The Federal Trade Commission (FTC) looks poised to settle on the merger deal with Intercontinental Exchange Inc. If a settlement is reached, KBW believes it would be before the postponed August 14 trial, allowing the deal to close in the third quarter of 2023. to address antitrust concerns raised by the FTC. Tomasello added.

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Investor Staging Equity Closing 369

Housing Wire

OCTOBER 28, 2022

The deal struck with New York Community Bank in spring of 2021 in a deal that called for an all-stock merger valued at the time at $2.6 The post Sluggish Flagstar, NYCB merger deal clears major hurdle appeared first on HousingWire. Presented by: Flagstar.

Banks 421

Banks Lending Mortgages Finance 421

Housing Wire

MARCH 30, 2023

California-based CMG, which claims it originated over $19 billion in 2022, announced on March 6 it struck a deal to acquire Homebridge’s retail assets to increase its footprint in the channel. In 2022, Mike Cagney ‘s Figure Technologies struck a deal to acquire Homebridge. mortgage lender by volume last year.

Loan Officer 410

Loan Officer Technology Mortgages Loans 410

Housing Wire

SEPTEMBER 22, 2022

“The senior debt offering in the securitization was oversubscribed, with participation across mutual funds, credit funds, banks and asset managers,” Unlock’s announcement of the deal states. One of those deals made its way to the market this year. That deal, dubbed GRADE 2022-SEQ2, was a $198.6

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384

Housing Wire

MAY 4, 2023

-based First Horizon Corporation , one of the country’s largest warehouse lenders, have agreed to terminate an acquisition deal, according to a joint announcement issued Thursday. The deal, first announced in early 2022 and valued at $13.4 The deal was a culmination of TD’s hunt for U.S.-based

Banks 369

Banks Industrial Closing As-is 369

Housing Wire

MARCH 9, 2022

Mortgage servicing software provider Sagent announced on Wednesday that it has extended its software partnership with Freedom Mortgage for another five years, the latest in a string of deals it has struck with some of America’s largest mortgage servicers. Sagent was recently named a HousingWire Tech 100 winner.

Mortgages 370

Mortgages Technology Equity As-is 370

Housing Wire

JULY 13, 2022

The two jumbo-loan deals that did make it out of the gate last month were issued by Rocket Mortgage and J.P. The Rocket prime jumbo deal was backed by mortgages valued at $337.9 Morgan deal was collateralized by jumbo mortgages valued at $483.4 Morgan Chase via the Rocket Mortgage Trust and J.P. Morgan Mortgage Trust conduits.

Loans 397

Loans Fixed-rate mortgage Mortgages Residential 397

Housing Wire

APRIL 4, 2023

Mortgage analysts expect to see consolidation if the deal were to go through, but also forecast that strong players in the servicing and loan origination system side will emerge. Federal Trade Commission sued ICE to block the deal last month. This, in turn, would provide more options for lenders. In the latest development, the U.S.

Purchase and sale agreement 384

Purchase and sale agreement Loans Technology Mortgages 384

Housing Wire

APRIL 25, 2022

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . The CrossCountry-Lendus deal appears to be the first in what analysts and industry veterans believe will be a wave of mergers and acquisitions in 2022.

Purchase and sale agreement 384

Purchase and sale agreement Loan Officer Loans Mortgages 384

Housing Wire

APRIL 19, 2022

The Q1 2022 deals including the following: Dwellsy , an online home-rental platform featuring some 13 million listings. The post Redwood Trust reveals five new VC deals appeared first on HousingWire. To date, RWT Horizons has made 21 investments in 18 companies. This is RWT’s second investment in the platform.

Equity 384

Equity Technology Investor Residential 384

Housing Wire

NOVEMBER 17, 2021

The deal is set to close Dec. Christie’s is best known for their high-end auctions, but the brokerage has a “global network of approximately 900 real estate offices,” according to a press release announcing the deal. The post @properties looks beyond Chicago with Christie’s deal appeared first on HousingWire.

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Brokerage Residential Equity Branding 421

Inman

APRIL 25, 2024

The deal will make Movoto the sole provider of some GreatSchools data. It also comes as portals compete to differentiate themselves.

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Technology 184

Housing Wire

SEPTEMBER 21, 2022

through its mortgage-backed securities conduit Angel Mortgage Trust , has unveiled its sixth private-label securities (PLS) offering of 2022, even as fast-rising interest rates have jumped far ahead of the lower-rate legacy loans securing the deal. That picture hasn’t changed much with the later PLS deals.

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Lending Loans Bankruptcy Mortgages 397

Housing Wire

FEBRUARY 10, 2023

The deal also includes the operations for affiliated company Rushmore Loan Management Services, LLC. Mr. Cooper expects the deal to close mid-year following regulatory approval, but the plan is to go to market in the second half of 2023. the company confirmed on Friday.

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Closing Investor Residential Loans 370

Housing Wire

AUGUST 3, 2023

Black Knight reported slimmer profits and slowing organic growth in the second quarter, largely due to weaker mortgage volume from clients as well as near-term effects from the proposed merger deal with Intercontinental Exchange (ICE). The company’s profit dropped 61% quarter over quarter to $55.3 million in Q2 2023. million in Q1 2023.

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Bankruptcy Mortgages Development Loans 370

Housing Wire

FEBRUARY 9, 2023

The financial terms of the deal were not disclosed. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.” This week, Guild announced it has acquired Legacy Mortgage.

Mortgages 370

Mortgages Lending Loan Officer Loans 370

Housing Wire

JULY 17, 2023

Intercontinental Exchange (ICE) and Black Knight agreed to sell Black Knight’s product and pricing engine unit Optimal Blue business to a subsidiary of Canada’s Constellation Software in an effort to save the merger deal. billion mega-deal announced in May 2022.

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Closing Banks Finance Mortgages 370

Housing Wire

NOVEMBER 29, 2021

The problem created by the current underwriter shortage is that, in some cases, it is creating backlogs for issuers seeking to have their securitization deals reviewed by bond-rating agencies who require that the loans in the pools for those transactions first be vetted by arms-length TPR firms. RMBS market.

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Due diligence Loan Officer Loans Mortgages 466

Housing Wire

SEPTEMBER 22, 2022

With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot.

Mortgages 384

Mortgages Loan Officer Loans Equity 384

Real Estate News

APRIL 6, 2024

Most real estate training is based on the assumption that all deals close. When they don’t, too many agents are ill-equipped to handle it.

Agents 191

Agents Closing 191

Inman

APRIL 22, 2024

Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered.

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Brokerage MLS 187

Housing Wire

JANUARY 24, 2022

A total of 10 private-label deals valued at nearly $5.4 And it’s likely that even more deals will come to market prior to month’s end. The RMBS tally as of now, then, based on a review of bond-rating reports, is as follows: Five private-label jumbo-loan deals backed by some 3,700 mortgages valued at $3.3 billion have unfolded.

Loans 370

Loans Lending Mortgages Finance 370

Housing Wire

APRIL 6, 2021

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. She recently had a deal fall apart due to appraisal. It’s made deals more challenging.

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Title search Loans Title Agents 540

Housing Wire

MAY 5, 2021

billion deal with China Oceanwide Holdings Group ran aground. In a January joint statement , Genworth and China Oceanwide acknowledged the uncertainty surrounding the deal, which had been in the works since 2016. The companies cited COVID-19 pandemic restrictions and the finalization of financing terms as obstacles to closing the deal.

Finance 369

Finance Mortgages Closing Sales 369

Housing Wire

JUNE 13, 2022

Since its first securitization deal in 2015 through 2021, Angel Oak completed a total of 29 non-QM PLS offerings valued at mo re than $10 billion , according to the company. billion, representing nearly half of all PLS deals by loan volume over that period, according to deals tracked by Kroll Bond Rating Agency.

Loans 370

Loans Lending Mortgages Banks 370

Housing Wire

FEBRUARY 9, 2021

Venture capital-backed real estate technology firm Matterport will merge with a blank-check company and go public in a deal that values the startup at $2.3 The Matterport deal represents the seventh SPAC merger for Gores, and second real estate-related independent public offering. Matterport had revenue of $85.9

Equity 458

Equity Investor Technology Industrial 458

Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders.

Closing 466

Closing Closing costs Sales Mortgages 466

Real Estate News

MARCH 15, 2024

Opinions on the settlement range from concern that it will “spell disaster” for buyers to optimism that the quality of agent services will improve.

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Agents 322