Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. trillion in 2021.

Equity 394

Equity Fixed-rate mortgage Principal Mortgages 394

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. trillion in 2021.

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” Any time we see exits and consolidations we tend to see a dip in industry production for a time,” McCue said. “In This is a different situation.”

Mortgages 430

Mortgages Bankruptcy Principal Finance 430

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 102

Equity Finance Loans Closing costs 102

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.

Banks 391

Banks Principal Finance Equity 391

Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. Job losses in the service industry sector severely impacted renters, while those who have been able to maintain their jobs remotely have fared much better.

Principal 479

Principal Finance Loans Equity 479

Housing Wire

JANUARY 30, 2024

But the MSR market also appears to be in the midst of a rebalancing act marked by the growth of third-party private capital and an overall consolidation of market players, according to some industry experts. Mike Carnes, managing director of the MSR valuation group at Mortgage Industry Advisory Corp.

Marketing 371

Marketing Principal Banks Loans 371

Housing Wire

FEBRUARY 3, 2022

Incenter completed a dozen bulk sales transactions in January involving MSRs for agency-backed loan pools that together had a total unpaid principal balance of $113.2 In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. Another private-equity player in the MSR space is St.

Purchase and sale agreement 365

Purchase and sale agreement Marketing Equity Banks 365

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. “The mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms,” Al Goldstein, CEO of StoicLane and one of the investors in the round, said in a statement. and former U.S.

Mortgages 320

Mortgages Investor Loan Officer Principal 320

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. Still, a sluggish to slightly better forecast for 2024 beats the hardscrabble path of retrenchment the industry endured in 2023.

Mortgages 432

Mortgages Banks Loans Industrial 432

Housing Wire

MARCH 2, 2021

The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. Generally accepted accounting principal (GAAP) revenues are expected to be around $226.4 Up to $345 million of cash will be held in Capitol’s trust account. million in 2021.

Title 342

Title Equity Principal Branding 342

Housing Wire

NOVEMBER 3, 2022

We have a number of buy-side and sell-side clients and an even larger stable of industry owners and CEOs that we speak to regularly,” Ludden said. The outlook is not good for large cohorts of the industry.”. The consolidation fervor is being fed by several factors, according to David Hrobon, a principal with Stratmor.

Banks 397

Banks Mortgages Loans Equity 397

Keeping Current Matters

JANUARY 13, 2021

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% What are the experts saying?

Equity 242

Equity Short sale Principal Loans 242

RIS Media

SEPTEMBER 21, 2021

Most lenders don’t allow real estate broker commissions to be financed. We’re out there each and every day participating in a real estate marketplace that advances small businesses and promotes equity for consumers. Principal Broker at Phipps Realty Inc. The average American household has about $8,800 in the bank.

Equity 111

Equity Marketing Principal Banks 111

Housing Wire

SEPTEMBER 19, 2022

A perfect lending storm spurred by the pandemic resulted in an absolutely stunning year for the mortgage industry in 2020. Cash-out refis continued to increase in 2021, with borrowers taking advantage of surging home prices and record levels of home equity. The consumer watchdog noted that the pace of originations in 2021 slowed to 2.4%

Marketing 366

Marketing Loans Principal Mortgages 366

Housing Wire

OCTOBER 20, 2020

The silver lining is seeing the opportunity to push forward on the digital transition that we’ve made possible,” he said, which will bring increased efficiencies to the industry. Sweat equity, accessory dwelling unit construction and manufactured/factory-build housing were also initiatives the housing giant was pursuing.

Land 491

Land Principal Mortgages Equity 491

Keeping Current Matters

APRIL 12, 2021

As an example, about 50% of all mortgages are backed by the Federal Housing Finance Agency (FHFA). 5% were granted a loan deferral where a borrower does not have to pay the lender interest or principal on a loan for an agreed-to period of time. Homeowners have record levels of equity today. 9% were given a loan modification.

Equity 254

Equity Banks Loans Lending 254

Housing Wire

JUNE 15, 2022

After that initial period ends, rates adjust periodically based on a benchmark or index, such as the Secured Overnight Financing Rate, known as SOFR, based on actual transactions in the Treasury repurchase market. The mortgage industry is different from 14 years ago. million and under. “As

Fixed-rate mortgage 367

Fixed-rate mortgage Mortgages Loans Loan Officer 367

Housing Wire

JUNE 15, 2022

. “Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

Mortgages 384

Mortgages Loans Investor Equity 384

Housing Wire

FEBRUARY 1, 2023

Miki Adams, president of CBC Mortgage Agency , a nationally chartered housing-finance agency, said it’s also important to note that the benefits of temporary rate buydown loans [TRBLs] can be amplified if used “in conjunction with” other down payment assistance programs.

Marketing 410

Marketing FHA loan Loans Mortgages 410

Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9

Marketing 340

Marketing Debt-to-income ratio Loans Mortgages 340

Housing Wire

FEBRUARY 8, 2022

Ellie Pepper, deputy director at the National Housing Resource Center ( NHRC ), an advocate for the nonprofit housing counseling industry, said the past still looms large for many borrowers. Another possibility consisted of changing rates, principal balance or length of the mortgage via a loan modi?

Loans 363

Loans Pre-approval Mortgages Principal 363

Housing Wire

MARCH 3, 2023

In a statement issued to HousingWire, a spokesperson said that 2022 was challenging for the housing and mortgage industry. As of December 31, 2021, Rocket had 13 funding loan facilities providing an aggregate maximum principal amount of $24.5 Rocket declined to specify a breakdown. million (-24.3%) in market and advertising costs.

Loans 304

Loans Mortgages Principal Title 304

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. Orchard has also raised a total of $220 million in debt financing since its September 2017 inception.

Title 254

Title Branding Principal Loans 254

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 366

Equity Mortgages Principal As-is 366

Housing Wire

MARCH 7, 2024

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 Sieffert also addressed a common reverse mortgage industry issue: consumer understanding of the product category.

Mortgages 373

Mortgages Marketing Equity Finance 373

Realtor.com

JULY 5, 2021

The epic surge in home prices has people looking to save money on monthly payments anywhere they can,” says Matt Graham , chief of operations at the industry publication Mortgage News Daily. That’s where people get in trouble, if they’re not paying down principal and building equity,” says Phillips.

Mortgages 121

Mortgages Fixed-rate mortgage Principal Loans 121

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 328

Equity Lending Principal Technology 328

Real Trends

SEPTEMBER 20, 2022

A year ago, Shaival Shah’s principal concern was keeping up with the demand for his company’s alternative financing products. But as mortgage rates have climbed dramatically and bidding wars have largely vanished, the company’s products no longer hold as much appeal to buyers whose financing costs have exploded over the last year.

Marketing 81

Marketing Brokerage Finance Agents 81

RIS Media

SEPTEMBER 28, 2021

The Federal Housing Administration (FHA) announced new and extended COVID-19 relief options for borrowers recently or newly struggling to make their mortgage payments because of the pandemic and for senior homeowners with Home Equity Conversion Mortgages (HECMs) who need assistance to remain in their homes.

Principal 105

Principal Equity Mortgages As-is 105

The Close

JANUARY 20, 2023

Wholesale real estate investing is a good choice if you’re looking for short-term opportunities to break into the investing industry by leveraging your existing skills as an agent. In many cases you can finance 60% to 80% of the acquisition price, and some hard money lenders will finance the repairs too.

Investor 90

Investor Finance MLS Property Management 90

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There is a lot more inquiry for home equity line credit. trillion as of Q3 2023, nearing its 2022 peak.

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

Realtor.com

JULY 5, 2021

The epic surge in home prices has people looking to save money on monthly payments anywhere they can,” says Matt Graham , chief of operations at the industry publication Mortgage News Daily. That’s where people get in trouble, if they’re not paying down principal and building equity,” says Phillips.

Mortgages 56

Mortgages Fixed-rate mortgage Principal Loans 56

Toronto Realty Blog

JUNE 20, 2022

It’s impossible to satisfy every individual, every industry, and every market segment and/or participant. Let’s assume that he made a 20% down payment, or $8,400, and financed the remaining $33,600. monthly payment, how much, on average in the first year, was principal being paid down? $7. But of that $492.70

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97

Housing Wire

DECEMBER 29, 2023

Jon Overfelt, director of sales and principal at American Security Mortgage Corp. Home equity is really a no-brainer today. The rate and term and cash-out refinance market will rely on rates decreasing, but even if they move to 6% next year, the industry will struggle with refinances.

Mortgages 450

Mortgages Loan Officer Loans Equity 450

Housing Wire

FEBRUARY 8, 2024

New York-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of the company’s strategy to retain borrowers from its servicing portfolio when interest rates drop. “He Meanwhile, the 30-year fixed mortgage rate was 6.9%

Lending 353

Lending Mortgages Principal Loans 353

Housing Wire

MAY 16, 2022

UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. billion in the broker channel last year, according to Inside Mortgage Finance. .

Principal 378

Principal Banks Loans Lending 378