Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. chief of staff at Impac Holdings Inc. territories.

Investor 320

Investor Due diligence Loans Banks 320

Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. Fortunately, MISMO , the real estate finance industry’s standards organization , is here to help market participants navigate any uptick in PLS activity from a data perspective.

Due diligence 393

Due diligence Marketing Investor Finance 393

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The problem: They did not qualify for the loans.

Mortgages 390

Mortgages Marketing Loans Finance 390

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

Due diligence 390

Due diligence Marketing Loans Mortgages 390

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Due diligence 302

Due diligence Mortgages Technology Loans 302

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. A recent filing from UBS showed the Swiss bank took a hit of about $17 billion due to the takeover. The settlement with the U.S.

Due diligence 338

Due diligence Banks Loans Investor 338

Housing Wire

SEPTEMBER 13, 2022

Fitch Group , the parent of bond-rating firm Fitch Ratings , is acquiring a majority ownership stake in capital-markets fintech company dv01 — which provides data and analytics services to the structured-finance market. Terms of the deal were not disclosed.

Due diligence 335

Due diligence Marketing Finance Loans 335

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

HomeLight

DECEMBER 12, 2023

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. A common worry among homebuyers is to find the perfect house, put down a deposit with an accepted offer, and then learn that your mortgage application is denied — you lose both the house and your earnest money. Get Started What is a mortgage contingency?

Earnest money deposit 100

Earnest money deposit Mortgages Purchase and sale agreement Finance 100

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Volatility and dramatic shifts in market activity have forced participants across the mortgage lifecycle to embrace more agile business practices. HousingWire: What’s driving lenders’ need for agility and efficiency in the current market?

Industrial 382

Industrial Mortgages Lending Due diligence 382

Housing Wire

AUGUST 12, 2022

A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. Loans in Pools 1 thru 3 are being serviced by New Residential Mortgage LLC , NewRez LLC and Fannie Mae — and subserviced by NewRez LLC, Fannie’s fact sheet on the deal states. million; and pool 3, $312.9

Loans 381

Loans Purchase and sale agreement Principal Due diligence 381

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

Land 126

Land Due diligence Title search Finance 126

Housing Wire

SEPTEMBER 29, 2023

The recently completed $300 million-plus acquisition of Home Point Capital by Mr. Cooper provided an attractive opportunity to bolster the company’s existing mortgage servicing rights (MSR) portfolio, and it’s expected to boost the company’s bottom line within the next couple of quarters.

Due diligence 369

Due diligence Staging Loans Mortgages 369

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 371

Loans Purchase and sale agreement Due diligence Industrial 371

Housing Wire

JANUARY 13, 2023

That, in turn, could lead to improved liquidity outlets for loans secured by single-family investment properties — through the private-label securitization (PLS) market and via insurers, pension funds and other institutional investors that hold loans or mortgage-backed securities in portfolio. . Securities and Exchange Commission.

Marketing 412

Marketing Investor Due diligence Loans 412

HomeLight

SEPTEMBER 21, 2023

These can include where you live, whether it’s a cash or mortgage-financed sale, and whether you’re working with a top real estate agent. Before the settlement — when you start signing documents — you’ll have to get through what’s called an “inspection period” or “due diligence period,” depending on where you live.

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Closing Due diligence Inspection Title 107

Realty Biz

JANUARY 25, 2023

Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence. By doing your research and due diligence, you will be better equipped to make an informed decision about whether to purchase a property and at what price.

Due diligence 94

Due diligence Hard money loan Property Management Finance 94

Housing Wire

JULY 6, 2022

The Federal Housing Finance Agency (FHFA) will increase its oversight of fourth parties – companies that contract with firms doing business with Fannie Mae and Freddie Mac. The GSEs may also conduct due diligence and monitoring of the third-party risk management programs of their third parties.

Due diligence 387

Due diligence Finance Development Industrial 387

Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. We paid $222,000 for the home, with a $44,400 cash down payment (20%) and financing $177,600 for 30 years. Why would a seller want this?

Finance 70

Finance Due diligence Fixed-rate mortgage Lending 70

Realty Biz

MARCH 14, 2024

A HELOC allows homeowners to borrow against the equity on their homes This equity represents the difference between the current market value of the property and the outstanding balance on the mortgage, with a HELOC, homeowners can access funds as needed and this is similar to a credit card which is up to a predetermined credit limit.

Due diligence 95

Due diligence Equity Investor Finance 95

Realty Biz

SEPTEMBER 26, 2021

mortgage market, including lenders, investors and insurers, are woefully unprepared for accelerating climate change and the risk it brings. The world of housing finance involves a lot of players, not just mortgage originators and servicers. A report has raised concerns that stakeholders in the U.S.

Industrial 108

Industrial Mortgages Due diligence Investor 108

HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

Purchase and sale agreement 106

Purchase and sale agreement Earnest money deposit Option period Due diligence 106

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Portico Direct explains that the whole process of financing real estate is often filled with frustration with all kinds of credit, income, and identity checks.

Technology 145

Technology Due diligence Title Marketing 145

Realty Biz

DECEMBER 15, 2023

Property Condition And Repairs Assessing the property's condition is fundamental to the due diligence process. Financing And Mortgage Rates Exploring financing options and mortgage rates is integral to determining the financial viability of an investment.

Due diligence 98

Due diligence Property Management Investor Finance 98

Realty Biz

DECEMBER 8, 2022

Getting a mortgage in the current conditions, where interest rates have risen quickly, hasn't made the situation any easier. While it might be more difficult to get a mortgage, it is, of course, still possible, but you might need to prepare more carefully. We will look at the process of getting a mortgage for the first time.

Loans 132

Loans Debt-to-income ratio Due diligence Title search 132

Realty Biz

NOVEMBER 14, 2023

They can have a competitive advantage over those who rely solely on financing. Yet, careful due diligence is essential to understand these properties' potential risks and costs well. Conservative Financing During a market correction, lenders may become more risk-averse. Be cautious with your financing decisions.

Due diligence 91

Due diligence Marketing Investor Finance 91

Housing Wire

MARCH 17, 2022

Into March of this year, according to multiple market experts, the nonagency secondary market has been digesting a large backlog of mortgage collateral that was locked and originated last year during a much lower-rate environment than exists today. Pelka agrees that the PLS market is under pressure. “In

Loans 311

Loans Marketing Due diligence Residential 311

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. As one might expect, the comments revealed differing opinions.

Technology 393

Technology Due diligence Lending Industrial 393

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

Technology 414

Technology Due diligence Development Loan Officer 414

Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Pre-approval Pre-qualification Due diligence Loans 143

Realty Biz

AUGUST 30, 2021

When buying a fixer-upper, one of your primary considerations should be how you will finance the project. FHA 203K Mortgage is the term that designates funding dedicated to purchasing and refurbishing your primary residence home. You will only need to get one loan with this type of mortgage instead of getting two.

FHA 203k rehab loan 137

FHA 203k rehab loan Loans Renovation Due diligence 137

HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. There’s no financing contingency.

Due diligence 77

Due diligence Inspection Pre-approval Pre-qualification 77

Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. Executives with TPR firms and the bond-rating agencies that make use of their due-diligence reviews agree the problem is a big challenge.

Due diligence 361

Due diligence Mortgages Technology Loans 361

RIS Media

APRIL 18, 2022

Getting rid of the mortgage financing clause in their offer. Get pre-approved for a mortgage. Before making an offer on a property, it’s important to have pre-approval for a mortgage. Unless you have your financing in hand, you won’t be able to make an offer on the house. This one is a biggie.

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Pre-approval Backup offer Due diligence Rent back 118

Point2Homes

MAY 21, 2021

In fact, if you choose one of these first-time homebuyer programs , you may even see significant savings compared to a traditional or conventional mortgage. If you have had your share of financial issues, this program might allow you to buy a house — even if you don’t meet the ideal conditions set by conventional mortgages.

Loans 144

Loans VA loan FHA loan Renovation 144

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

Point2Homes

JANUARY 31, 2023

With a budget in place, your next step should be to get pre-approved for a mortgage. Without being pre-approved, you’ll need to delay your offer while you secure financing. Stick to the essentials— home inspection , financing, etc.—and Alternatively, you can reduce the due diligence period.

Earnest money deposit 98

Earnest money deposit Purchase and sale agreement Pre-approval Inspection 98