Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 389

Investor Bankruptcy Finance Equity 389

Housing Wire

FEBRUARY 13, 2023

Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. million security backed by non-QM mortgages. among others. among others.

Mortgages 326

Mortgages Principal Banks Equity 326

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

Loans 329

Loans Equity Principal Development 329

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 430

Technology Development Title Lending 430

Housing Wire

JANUARY 17, 2024

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

Finance 437

Finance Seller concession Loan Officer Loans 437

Housing Wire

NOVEMBER 2, 2021

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. People have equated FHA insurance to that of private mortgage insurance used by the government-sponsored enterprises (GSEs), which is not life-of-loan. This change triggered controversy.

FHA loan 360

FHA loan Mortgages Loans Principal 360

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

Lending 391

Lending Bankruptcy Mortgages Principal 391

Housing Wire

APRIL 21, 2022

Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own into executive vice president roles. Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . billion in mortgages in the fourth quarter, a 13.9% Cooper Group Inc.,

Banks 382

Banks Principal Finance Equity 382

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. It has enabled first-time, low- to moderate-income borrowers to secure affordable mortgage financing since 1957 while protecting taxpayers from mortgage credit risk. Today, roughly $1.5

Finance 348

Finance Equity Mortgages Principal 348

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

JULY 28, 2021

This is according to John Lunde, president of Reverse Market Insight (RMI) during a presentation at the National Reverse Mortgage Lenders Association (NRMLA) Virtual Summer Meeting this month. Reverse mortgage penetration remains stubbornly low. Nobody wants to see their market share go down,” Lunde says. “But,

Mortgages 294

Mortgages Loans Equity Industrial 294

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 450

Banks Lending Loans Principal 450

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.”

Marketing 380

Marketing Lending Loans Principal 380

Keeping Current Matters

JULY 28, 2021

Many experts projected 30% of all mortgage holders would enter the forbearance program. As of last Friday, the total number of mortgages still in forbearance stood at 1,863,000. Most of the 1.86M in forbearance have enough equity to sell their home. Most of the 1.86M in forbearance have enough equity to sell their home.

Short sale 264

Short sale Equity Principal Mortgages 264

Realtor.com

JANUARY 16, 2023

designer491/iStock Most home buyers applying for a loan know what a mortgage is, but a reverse mortgage may seem far less familiar. Maybe you’ve heard this mortgage term bandied about, and maybe have even seen the late-night TV ads promoting them. What to know about a reverse mortgage.

Mortgages 89

Mortgages Equity Loans Loan Officer 89

Housing Wire

OCTOBER 20, 2020

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis. The crisis is calibrated to hit those most in need.”

Land 480

Land Principal Mortgages Equity 480

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

Sales 390

Sales Mortgages Branding Principal 390

Housing Wire

OCTOBER 28, 2020

The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”. CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms.

Investor 331

Investor Principal Equity Technology 331

Realty Biz

OCTOBER 18, 2022

Soaring mortgage rates have led to the worst affordability in almost four decades, while sellers are also losing their ability to move up to more desirable homes. On Friday, October 14, 2022, the current average 30-year fixed-mortgage rate was 7.04%. The data suggests refinancable home equity probably peaked in May.

Mortgages 88

Mortgages Marketing Equity Loans 88

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

Loans 358

Loans Pre-approval Mortgages Principal 358

Zolo

AUGUST 13, 2020

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . I was wondering if you know of any strategies to solve our mortgage interest deduction dilemma. . Property A is our principal residence; property B is an investment property. Why we need to classify debt.

Purchase and sale agreement 82

Purchase and sale agreement Principal Mortgages Loans 82

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Sign up now. Jeff also holds the SRA and AI-RRS designation with the Appraisal Institute.

VA loan 85

VA loan Principal Development Title 85

Housing Wire

OCTOBER 29, 2021

The resurgence of alternative home equity tapping companies in the past few years has been of interest to the reverse mortgage industry due to the potential that business has to compete for seniors’ business. Seniors’ response to alternative equity tapping since COVID-19 onset. Eoin Matthews, CBO and co-founder of Point.

Equity 350

Equity Mortgages Principal As-is 350

Housing Wire

FEBRUARY 1, 2024

As the principal limit has been increasing, the percentage of endorsements with an MCA over $417,000 has increased steadily since 2012.” Department of Housing and Urban Development (HUD) set the HECM limit at $625,500, an increase from $417,000. in 2009 to about 12-14% during Fiscal Years 2010 through 2014. In 2009, the U.S.

Mortgages 356

Mortgages Principal Loans Equity 356

RIS Media

AUGUST 10, 2021

Moderated by Yannaccone, founder of What Moves Her, this panel of some of the industry’s most savvy women leaders discusses five power moves leaders can make to continue raising the bar for business growth and gender equity in the real estate industry. Center for REALTOR® Development . Rocket Mortgage . Buffini & Company.

Principal 96

Principal Technology Equity Industrial 96

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit.

VA loan 387

VA loan Principal Loans New Construction 387

McKissock

FEBRUARY 13, 2023

Invest in your professional development with one-hour, non-credit webinars presented by experts. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. This includes the development and enhancement of automated appraisal-scoring tools and analytic products.

VA loan 52

VA loan Principal Development Title 52

HomeLight

JULY 31, 2020

Either they can’t get approved for a mortgage , they don’t have enough money for a down payment , or their credit score is too low. The program is run by the USDA, and participants work together by investing “sweat equity” to build houses for each family (6 to 12 families) in their program group. What is a build your own house program?

Debt-to-income ratio 107

Debt-to-income ratio Loans Principal Equity 107

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 311

Equity Lending Principal Technology 311

Housing Wire

MARCH 10, 2022

Lakeview Loan Servicing , one of the nation’s largest issuers of Ginnie Mae securities, is making a play in the private-label securities market by sponsoring an offering backed by a pool of 2,192 Federal Housing Administration -guaranteed mortgages valued at $423.6 A fourth such transaction, a $370.7 Department of Agriculture.

Mortgages 310

Mortgages Principal Loans FHA loan 310

Housing Wire

MAY 1, 2023

This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Loan Officer 370

Loan Officer Principal Title Lending 370

CT Homes

AUGUST 24, 2021

Successful investors know the importance of developing a solid exit strategy before an investment is ever finalized. For those with the right credit score and equity, there are more options than they might realize. To put it simply, a HELOC is a new second mortgage behind an existing first lien. Exit Strategy #4: HELOC.

Investor 88

Investor Loans Development Equity 88

HomeLight

OCTOBER 30, 2020

you’ve likely missed several months of mortgage payments or may be already incurring the lender’s attorney fees for your continued delinquency. Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company.

Short sale 104

Short sale Banks Equity Mortgages 104

Realtor.com

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

FHA loan 91

FHA loan Loans Inspection Renovation 91

Lab Coat Agents

JANUARY 10, 2022

Overall, it means that you invest in real estate either through equity (owning the property) or debt (borrowing money) (loaning the funds to buy the property). After you’ve paid off your mortgage and property expenses, you’ll have the rest. Most investors begin by purchasing an equity REIT or an income-producing property.

Debt-to-income ratio 59

Debt-to-income ratio Investor Renovation Equity 59

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

Mortgages 233

Mortgages Lending Loans Investor 233