Housing Wire

SEPTEMBER 6, 2023

In the face of spiking interest rates and historically high home prices , $3,000 monthly mortgage payments are common in today’s housing market. Between 2010 and 2021, mortgage holders withdrew an average 0.92% of available tappable equity each quarter. Tappable equity levels remain elevated, Walden noted.

Equity 404

Equity Mortgages Principal Loans 404

Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And now we just did over $110 billion for the month of January.”. “The

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

JANUARY 12, 2024

The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Of these, category 2 is the most established.

Finance 413

Finance Principal Residential Development 413

Housing Wire

OCTOBER 2, 2023

Prices in nearly half of the nation’s 50 largest markets climbed by 0.75% or more. Purchase loans comprised about 82% of overall mortgage lending in 2023 and ICE forecasts purchase lending to continue to dominate the market through next year.

Mortgages 414

Mortgages Equity Lending Principal 414

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

MARCH 7, 2024

For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market experts interviewed recently by HousingWire. My guess is we’ll do 10 or 11 deals this year in the $5.5

Investor 413

Investor As-is Commercial Equity 413

Housing Wire

SEPTEMBER 19, 2022

Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. overall market share in 2021, up from 38.9% Cash-out refis continued to increase in 2021, with borrowers taking advantage of surging home prices and record levels of home equity.

Marketing 370

Marketing Loans Principal Mortgages 370

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. The offer is subject to market conditions and other factors. In total, $1.8

Principal 403

Principal Equity Mortgages Investor 403

Housing Wire

APRIL 24, 2024

PennyMac Financial reported strong operating earnings in the first quarter, with an annualized operating return on equity of 15 percent in what is expected to be the one of the smallest quarterly origination markets of this cycle,” chairman and CEO David Spector said in a news release. That was less than the $38.1

Lending 360

Lending Loans Principal Equity 360

Housing Wire

MAY 3, 2022

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. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 393

Equity Fixed-rate mortgage Principal Mortgages 393

Housing Wire

JUNE 1, 2022

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. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

Equity 382

Equity Fixed-rate mortgage Principal Loans 382

Housing Wire

SEPTEMBER 1, 2023

Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward. This year 75 honorees were honored as HW Insiders. Congratulations to the 2023 HW Insiders!

Technology 442

Technology Development Title Lending 442

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 404

Marketing FHA loan Loans Mortgages 404

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.” million of [unpaid principal balance (UPB)] that may not otherwise have been issued in December.” This represents $15.6

Mortgages 441

Mortgages Bankruptcy Principal Finance 441

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 to 72% across the three deals in a market with fast-rising home prices.

Marketing 380

Marketing Debt-to-income ratio Loans Mortgages 380

Housing Wire

SEPTEMBER 16, 2022

Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest. In August and September, Rocket Mortgage and Rocket Pro TPO announced the offering of home equity loans to capitalize on record home equity levels.

Mortgages 393

Mortgages Seller concession Fixed-rate mortgage Loans 393

Housing Wire

AUGUST 7, 2023

I am pleased to share that in the second quarter we grew market share, grew agent count and grew margin while delivering positive free cash flow and strengthening our cash position,” Reffkin told investors and analysts listening to Compass’ second quarter earnings call Monday evening. for the quarter, up 13 basis points from Q1 2023.

Brokerage 370

Brokerage Principal Title Equity 370

Housing Wire

OCTOBER 26, 2021

A source told Bloomberg that the latest financing – split between $28.5 million in equity and $24 million in debt – valued the company at $450 million. mortgage market. Large, online lenders are increasing their market share each year. Community lenders represent 50% of the $4 trillion U.S.

Mortgages 382

Mortgages Principal Loans Investor 382

RIS Media

SEPTEMBER 21, 2021

Preparing a home for the market often involves photographers, cleaners, landscapers, decorators and more, many of whom are small business owners themselves. ” Such listings allow for the marketing of properties to select consumers before opening them up to all potential buyers. Principal Broker at Phipps Realty Inc.

Equity 106

Equity Marketing Principal Banks 106

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. They stepped into the void created as some large banks retreated from the mortgage market. They are bound to do more.

Banks 501

Banks Lending Loans Principal 501

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. Doma has a long ways to go before it can seriously put a dent in the “Big Four” title insurers – it currently has less than 1% share of the title market in the U.S.

Title 401

Title Equity Principal Branding 401

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. said many of the same headwinds the market faced in 2023 remain as we roll into 2024.

Mortgages 433

Mortgages Banks Loans Industrial 433

Realty Biz

MAY 25, 2022

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are not the same thing. In general, a home equity loan is a better financial tool for most consumers. Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. Especially a HELOC. What is a HELOC?

Equity 82

Equity Loans Principal Finance 82

Keeping Current Matters

MARCH 16, 2021

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”. The average equity gain of mortgaged homes in the last year was $26,300. There was a 16.9%

Equity 264

Equity Principal Banks Finance 264

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.”. Won’t the additional homes on the market impact prices?

Equity 236

Equity Short sale Principal Loans 236

Housing Wire

OCTOBER 20, 2020

Freddie Mac’s David Brickman and Fannie Mae’s Hugh Frater also offered their takes on challenges with affordable housing, racial disparities with homeownership, expectations for 2021 and – yes, you knew it was coming – the 50 bps adverse market fee that’s due to hit lenders doing refis beginning in December.

Land 488

Land Principal Mortgages Equity 488

Housing Wire

NOVEMBER 3, 2022

Purchase loans are simply harder to market and convert, harder to process, and they generate lower revenues and higher expenses.”. The consolidation fervor is being fed by several factors, according to David Hrobon, a principal with Stratmor. Brett Ludden, managing director at Sterling Point advisors. Time to eat the minnows?

Banks 393

Banks Mortgages Loans Equity 393

Keeping Current Matters

APRIL 12, 2021

Some assume there could potentially be millions of foreclosures ready to hit the market. 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.

Equity 251

Equity Banks Loans Lending 251

HomeLight

DECEMBER 27, 2023

Here, we explore five areas you can cover with a mortgage lender before putting your home on the market that will protect your best interests as a seller and give you a clear view of your current financial picture so you don’t regret the day you sold your house. That starts with determining what it will take to pay off your mortgage.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Realty Biz

MARCH 21, 2024

If you have significant equity in your home, it might be possible to consolidate your debt using a home equity loan or a home equity line of credit. However, there are risks to using home equity for debt repayment. If you have equity in your home, selling it could free up much-needed cash.

Bankruptcy 106

Bankruptcy Equity Loans Principal 106

Housing Wire

JULY 26, 2023

The result included, among other things, a mark-to-market of $61 million, a cost related to the acquisition of Rushmore Loan Management Services of $6 million and a $1 million charge due to severance. million customers and $882 billion in unpaid principal balance (UPB) at the end of June, compared to $853 billion at the end of March.

Loans 370

Loans Principal Banks Closing 370

Housing Wire

JUNE 15, 2022

In a tight housing market with a shortage of inventory and soaring rates, many homebuyers are opting for ARMs, which carry lower rates for an initial period of fixed interest and amortize over a 30-year term. . But from the supply side, there’s not a lot of liquidity in the secondary market. Stricter regulations, new guidelines.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

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 HECM market share of HECM-backed Securities (HMBS) on the issuer league tables compiled by New View Advisors.

Mortgages 411

Mortgages Marketing Equity Finance 411

Housing Wire

MARCH 3, 2023

And at the same time they must continue to invest in their business to avoid losing further ground in a mortgage market that doesn’t play to Rocket’s natural strengths. Ultimately, it offered additional buyouts when market conditions deteriorated in August, without disclosing further details on how many buyouts were taken.

Loans 362

Loans Mortgages Principal Title 362

Housing Wire

JUNE 15, 2022

The markets have been shaken to the core. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compared to 50 bps previously). Such volatility has triggered turbulence in the mortgage market. On Friday, the U.S.

Mortgages 382

Mortgages Loans Investor Equity 382

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. Earlier this year, Orchard began the initial pilot of its integrated mortgage offering in Texas markets.

Title 319

Title Branding Principal Loans 319

Realtor.com

APRIL 5, 2021

It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. However, the rate adjusts after a specified initial period—usually three, five, seven, or 10 years—based on market indexes. Advantages of an interest-only mortgage.

Loans 122

Loans Mortgages Principal Equity 122