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Incenter acquires due diligence firm Edgemac

Housing Wire

Incenter is adding a third-party due diligence review firm to its umbrella of companies. Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “

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3 Properties That Need More Due Diligence Before Purchasing

Realty Biz

When you are buying a home there are three types of properties that need more research and due diligence. These kinds of properties include condemned houses, hoarder homes, and short sales. Types of Properties With More Required Due Diligence. Short Sales Require Patience and Due Diligence.

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Clear Capital extends its partnership with Cherre

Housing Wire

ClearAVM offers precise property valuations, empowering property investors and asset managers to make well-informed decisions regarding investment, management and underwriting. Single-family rental (SFR) investors also rely on AVMs to assess asset portfolios, guide leasing and sale decisions, and ensure thorough due diligence. “We

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? They can be, in essence, the “boots on the ground” for investors and developers alike. Market conditions have certainly trended downward for residential or commercial real estate.

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GSE repurchase risk is rippling through the MSR market

Housing Wire

On the margins, though, particularly with smaller struggling lenders, repurchase risk can result in more loans being excluded from MSR pools offered for sale. And if you’re an asset-based investor [an MSR buyer], one of these buybacks can absolutely destroy your return.” Is it affecting the MSR market? “I

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What is portfolio cleansing?

Housing Wire

This shift is happening because of the increased willingness of private investors to invest in servicing and the government sponsored enterprises’ focus on reducing their footprint. Some of these risks include: Minimum due diligence on a new loan population incurred from the previous servicer “Pre-existing” conditions (e.g.