Housing Wire

JULY 25, 2024

But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire ’s Reverse Mortgage Daily (RMD) that he made the transition from industry professional to customer. You really have to develop that relationship. Can we do that?

Mortgages 425

Mortgages Principal Development Industrial 425

Housing Wire

JULY 9, 2024

Of course, the reason for this is because the unused principal with an adjustable-rate Home Equity Conversion Mortgage (HECM) grows at the same rate that is applied to the loan balance. Department of Housing and Urban Development (HUD) Handbooks. Do voluntary prepayments increase a HECM LOC ‘dollar-for-dollar?’

Mortgages 417

Mortgages Equity Principal Loans 417

Housing Wire

SEPTEMBER 17, 2024

FOA also advised that any investors who participate could receive “a cash fee equal to 0.25% of the aggregate principal amount of outstanding 2025 unsecured notes that are exchanged,” according to the announcement. Anyone with potential interest in the agreement must signal their intent to participate by 5 p.m.

Commercial 378

Commercial Finance Branding Principal 378

Housing Wire

AUGUST 13, 2024

The assets have “a projected unpaid principal balance of approximately $3 billion,” Onity announced in its Q2 report. The assets at the heart of the agreement are already subserviced by PHH Mortgage , itself a subsidiary of Onity and the parent company of Liberty. The company intends to issue $51.7

Mortgages 417

Mortgages Equity Principal Finance 417

Housing Wire

JULY 31, 2024

Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. Looking at potential risks A catalyst to the development of HMBS 2.0 It can be the HMBS 2.0

Development 426

Development Principal Industrial Mortgages 426

Housing Wire

JULY 11, 2024

The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act.

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Principal Development Equity Industrial 416

Housing Wire

JUNE 6, 2024

ADUs create new housing opportunities in existing neighborhoods, expanding the housing supply while building homeowner equity,” David Driskell, principal at CPC, said in a statement. Local governments are uniquely positioned to help residents through the daunting process of building an ADU.

Construction 460

Construction Principal Design Equity 460

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. million in fourth-quarter 2023.

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Investor Bankruptcy Finance Equity 430

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It enables us to level up skills and support, ensuring our associates and clients are prepared for the future.”

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Principal Technology Equity Residential 417

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages 430

Mortgages VA loan Principal Loans 430

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.

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Technology Development Title Lending 460

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 437

Loans Equity Principal Development 437

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Principal among these are: Invested capital “requires” the highest return. Develop “community pools” and shared equity models to break the dependence on intransigent and predatory financial institutions.

Finance 430

Finance Principal Residential Development 430

Housing Wire

APRIL 21, 2022

Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . According to the latest quarterly earnings, the servicing company ended the fourth quarter of 2021 with $710 billion in unpaid principal balance, up from $668 billion in the third quarter. Cooper Group Inc.,

Banks 403

Banks Principal Finance Equity 403

Housing Wire

JULY 23, 2024

PennyMac Financial generated strong earnings in the second quarter with an annualized operating return on equity of 16%,” chairman and CEO David Spector said in prepared remarks. billion in unpaid principal balance (UPB) at the end of June, up 2% on a quarterly basis and up 10% on a yearly basis. By comparison, servicing generated $4.9

Technology 430

Technology Loans Principal Mortgages 430

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. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 468

Finance Seller concession Loan Officer Loans 468

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. among others. among others. million security backed by non-QM mortgages.

Mortgages 387

Mortgages Principal Banks Equity 387

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% One potentially positive development is that New View had originally predicted that HMBS production would be lower than it actually is, due to larger factors that influence pool production. No pressure, really — the Ginnie Mae market is very liquid,” he said.

Mortgages 450

Mortgages Seller concession Principal Loans 450

Housing Wire

FEBRUARY 15, 2024

While he only has access to the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) product, that doesn’t dampen the possibilities. So, preserving other assets by utilizing home equity is the other big thing.” They ask, ‘Am I going to run out of money? And then what am I going to do?’

Mortgages 417

Mortgages Banks Equity Land 417

Housing Wire

APRIL 14, 2023

Amassing a large down payment is not an option for many households and waiting on the sidelines of the housing market could cost them the chance to build equity, lock in housing costs for the long term and put down roots. Seth Appleton is the president of the U.S. Mortgage Insurers.

Finance 370

Finance Equity Mortgages Principal 370

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

JANUARY 11, 2024

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program. 17, 2024.”

Lending 441

Lending Bankruptcy Mortgages Principal 441

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 512

Banks Lending Loans Principal 512

Housing Wire

AUGUST 26, 2024

In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. trillion unpaid principal balance (UPB). Mr. Cooper must maintain high retention rates to drive more business, an achievement that requires investment in technology and product development.

Mortgages 440

Mortgages Banks Debt-to-income ratio Loans 440

Keeping Current Matters

JULY 28, 2021

Most of the 1.86M in forbearance have enough equity to sell their home. million homeowners currently in forbearance, 87% have at least 10% equity in their homes. That’s definitely a large number, but nowhere near 9.3

Short sale 265

Short sale Equity Principal Sales 265

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 360

Investor Principal Equity Technology 360

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee. ” . .

Marketing 430

Marketing Lending Loans Principal 430

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. The crisis is calibrated to hit those most in need.”

Land 502

Land Principal Mortgages Equity 502

Marco Santarelli

JULY 30, 2024

Whitney, founder of the Meredith Whitney Advisory Group, recently stated, “Just paying principal and interest has more than doubled. Today’s high borrowing costs have not only affected first-time homebuyers but also compelled homeowners to tap into their home equity, a sign of financial stress. economy.

Marketing 52

Marketing Equity Principal Development 52

Housing Wire

NOVEMBER 2, 2021

For loans that require mortgage insurance, the GSEs permit automatic termination of the insurance if a borrower amortizes their equity to 22% or more of the original property value. FHA insures 100% of the loan’s unpaid principal balance and out-of-pocket expenses, replicating the GSE guarantor program.

FHA loan 388

FHA loan Mortgages Loans Principal 388

RIS Media

JUNE 10, 2021

The Brokerage Leadership Award recognizes a principal broker who exemplifies extraordinary leadership and whose achievements have drawn the attention and admiration of others. As representatives in the real estate industry, I believe we have an important role to play to move diversity, equity and inclusion forward.

Equity 98

Equity Brokerage Principal Title 98

Housing Wire

JULY 28, 2021

The number of HECMs in servicing portfolios has been trending downward, basically, ever since the 2017 principal limit factor (PLF) changes. Most of their wealth is generally tied up in their home equity.”. But, when we really start to drill into it a little bit, we’re seeing both of the numbers involved here move against us.

Mortgages 298

Mortgages Loans Equity Industrial 298

Housing Wire

JULY 7, 2021

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results.

Sales 403

Sales Mortgages Branding Principal 403

Realtor.com

JANUARY 16, 2023

In a reverse mortgage loan, your lender pays you, slowly turning the home equity you’ve earned back into cold, hard cash. Read on to make sure you understand the risks and benefits, and how this will affect your home equity. What is a Home Equity Conversion Mortgage (HECM)? Interested in the HECM program?

Mortgages 89

Mortgages Equity Loans Loan Officer 89

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 403

Equity Mortgages Principal As-is 403

Realty Biz

OCTOBER 18, 2022

Homeowners looking to tap into their equity by refinancing are seeing a national average 30-year refinance rate of 7.07% in mid-October. The data suggests refinancable home equity probably peaked in May. That trend line is developing into a cause for concern that the housing market is headed for a correction.

Mortgages 88

Mortgages Marketing Equity Loans 88