Housing Wire

JANUARY 5, 2023

California-based Loan America, Inc. Loan America, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders. According to the lawsuit, Loan America and Sprout would agree on prices and rates for any loan that Sprout was interested in purchasing.

Loans 401

Loans Due diligence Loan Officer Mortgages 401

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. Bids for the FNA 2022-RPL4 offering are due by Sept.

Loans 382

Loans Purchase and sale agreement Principal Due diligence 382

Housing Wire

JUNE 28, 2022

Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). . ” . Mispricing at FGMC? .

Loans 384

Loans Due diligence Fixed-rate mortgage Lending 384

Housing Wire

OCTOBER 19, 2021

The historic mortgage boom spurred by the pandemic hasn’t just been a blessing for lenders – the slew of mortgage loan-trading platforms have also reaped the rewards of historic origination volume. On these platforms, originators can lock down the best loan price from various buyers, typically asset managers and institutional investors.

Loans 307

Loans Due diligence Mortgages Investor 307

Housing Wire

NOVEMBER 29, 2021

One group of industry players — loan underwriters — are the chief cause of the logjam. Morgan , Goldman Sachs , Redwood Trust and United Wholesale Mortgage , as well as loan aggregator MAXEX , and all either declined comment or did not respond. About a half-dozen RMBS issuers also were contacted for this story, including J.P.

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Due diligence Loan Officer Loans Mortgages 436

Housing Wire

JANUARY 6, 2023

The first, and more traditional source, is organic growth through new loan originations. The second method, which has become increasingly more common, is growth through either loan portfolios or company acquisitions. What risks are incurred through the acquisition of a loan portfolio?

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Due diligence Loans Industrial Investor 388

Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

Due diligence 391

Due diligence Marketing Loans Mortgages 391

Housing Wire

MAY 7, 2021

Encompass Investor Connect. Encompass Investor Connect is a built-in, no additional cost feature within the Encompass Loan Origination System which enables lenders to seamlessly deliver loans to investors from Encompass – resulting in 40% fewer conditions, 1 day faster purchases and $49/loan savings.

Technology 378

Technology Due diligence Mortgages Investor 378

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Due diligence 366

Due diligence Mortgages Principal Lending 366

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Due diligence 361

Due diligence Mortgages Principal Lending 361

Housing Wire

AUGUST 14, 2023

According to the DOJ, the United States filed a complaint alleging that UBS “defrauded investors” by making false and misleading statements to buyers of 40 RMBS issued in 2006 and 2007 relating to the characteristics of the loans. “The settlement has been fully provisioned in prior periods,” UBS said in a statement.

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Due diligence Banks Loans Investor 324

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s an open platform.

Due diligence 448

Due diligence Mortgages Equity Loans 448

Housing Wire

AUGUST 25, 2021

For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth in jumbo loan volume driven by increasing home prices, there has been renewed interest in the PLS market and its future growth.

Due diligence 397

Due diligence Marketing Investor Finance 397

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

Loans 306

Loans Marketing Due diligence Residential 306

Housing Wire

MAY 16, 2023

” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc. The platform was initially launched in September 2021 in an attempt to reduce the volume of loans in small and midsize lenders’ balance sheets.

Mortgages 345

Mortgages Due diligence Banks Technology 345

Housing Wire

APRIL 30, 2021

Because of this, originators are having to mimic technology companies instead of focusing on buying and selling, underwriting credit risk and servicing loans. “No No one system today can handle pricing across the entire life of the loan,” Soukoulis said. A benefit to brokers and lenders. A solution for the secondary market.

Due diligence 306

Due diligence Mortgages Technology Loans 306

Housing Wire

SEPTEMBER 21, 2021

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. The company said it has already gone through the process of getting four investors onboard.). Learn more here!

Due diligence 251

Due diligence Investor Loans Lending 251

Housing Wire

DECEMBER 12, 2022

Completion of the proposed transaction is subject to the completion of due diligence, the negotiation of a definitive merger agreement and satisfaction of the conditions negotiated, including the approval of the transaction by the stockholders, a filing with the U.S.

Banks 367

Banks Mortgages Due diligence Technology 367

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. Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land.

Land 129

Land Due diligence Title search Finance 129

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 420

Technology Due diligence Development Loan Officer 420

Marco Santarelli

APRIL 9, 2024

A rental-ready project earns an investor money almost immediately after its purchase. The other reason why investors love turnkey rental deals is the responsibility it take off their shoulders. This too is a factor that attracts a lot of passive real estate investors to rental properties. ” Why so? You may ask.

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Due diligence Property Management Investor Development 92

Realty Biz

NOVEMBER 16, 2023

The platform also provides mortgage professionals with real-time updates on loan applications and helps them to identify potential problems early on. This information can be used by investors, developers, and other real estate professionals to make informed decisions.

Due diligence 93

Due diligence Technology Industrial Development 93

Housing Wire

JULY 27, 2021

Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand. We got the exact opposite. While all these rapid market movements were occurring, the regulatory and political landscape started to shift.

Industrial 384

Industrial Mortgages Lending Due diligence 384

Realty Biz

NOVEMBER 14, 2023

Understanding housing market corrections is essential for investors, policymakers, and homeowners alike. How to invest through housing market corrections Housing market corrections can be challenging for investors. With cash in hand, investors can negotiate better deals. These properties are often sold at a discount.

Due diligence 93

Due diligence Marketing Investor Finance 93

Norada Real Estate

JANUARY 26, 2023

As a result, real estate investing requires a different set of skills and knowledge than other forms of investing, and it may not be suitable for all investors. Here are 3 Important Things Every Real Estate Investor Should Know How to Locate Properties Location is crucial in real estate investing.

Investor 52

Investor Due diligence Renovation Property Management 52

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 96

Due diligence Hard money loan Property Management Finance 96

Housing Wire

MAY 13, 2022

Simple realities like investor doc delivery can be avoided by virtue of upstream use of blockchain on DLTs. This is just a sampling – nearly every point of mortgage operational action and friction is subject to change at the hands of blockchain. It is not just a question of operational efficiency.

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Due diligence Technology Banks Title 344

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. ” She adds that to begin building your relationships with investors is to find your local REIA. Let’s get started!

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

Marco Santarelli

OCTOBER 16, 2023

Instead, you can invest in a platform that pools money from many investors and funds real estate deals across different markets and asset classes. Access: Real estate crowdfunding gives you access to deals that may otherwise be out of reach for individual investors. But is real estate crowdfunding a good investment?

Due diligence 52

Due diligence Investor Commercial Equity 52

HomeLight

FEBRUARY 29, 2024

Acceptance of this offer leads to a swift closing, bypassing common holdups like loan approvals or home inspections. In Spokane, a variety of reputable house-buying companies and investor groups are ready to pay cash for your home. Here are the three easy steps in the Simple Sale process: Who else buys houses for cash in Spokane?

Due diligence 109

Due diligence Property Management Inspection Sales 109

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 consumers, landlords, home builders, appraisers, insurance firms, mortgage investors, government agencies and the government-sponsored enterprises Fannie Mae and Freddie Mac all play critical roles.

Industrial 111

Industrial Mortgages Due diligence Investor 111

Realty Biz

OCTOBER 5, 2022

If the interest rate is likely to go up later (balloon payment or adjustable mortgage), run the numbers for the worst-case scenario before committing to the loan. Also, there is no substitute for your own due diligence. Due proper due diligence. I know at least one investor that does his own inspections.

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Due diligence Inspection Investor Residential 97

Housing Wire

MAY 5, 2022

At the end of the term, the buyer refinances the debt with a loan from a bank and pays you off, releasing you from the investment. Roofstock Marketplace is a platform that brings together investors, both buyers, and sellers, who want to buy or sell property with tenants. You can provide financing for a few years (you choose the terms).

Due diligence 358

Due diligence Finance Principal Sales 358

Marco Santarelli

OCTOBER 22, 2023

Similarly, if migration patterns change due to remote work, climate change, or other factors, it could affect the regional distribution of housing demand and supply, creating imbalances and price disparities. They should also monitor the performance of their loans and take corrective actions if needed.

Marketing 52

Marketing Due diligence Investor Loans 52

Housing Wire

DECEMBER 9, 2021

has sponsored 18 private-label transactions so far in 2021 backed by more than 20,000 loans valued collectively at $9.9 Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7

Loans 392

Loans Due diligence Mortgages Residential 392

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. Though you can (and should!) The inspection.

Due diligence 85

Due diligence Inspection Pre-approval Pre-qualification 85

Real Trends

JUNE 16, 2022

Real Estate Rockstars hosted by real estate agent and author Pat Hiban, interviews various guests, including up-and-coming agents, seasoned brokers, and real estate investors, among others, offering listeners strategies for success. Black Real Estate Dialogue is founded by Sam Dolciné and highlights the stories of black investors.

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Due diligence Investor Loan Officer Agents 79