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 376

Equity Fixed-rate mortgage Principal Mortgages 376

Housing Wire

OCTOBER 19, 2023

. “Working together as one group combines a vast range of industry backgrounds that contribute to expertise in every category of real estate.

Principal 374

Principal Technology Equity Residential 374

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 424

Finance Seller concession Loan Officer Loans 424

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). on a per-unit basis.

Mortgages 346

Mortgages Loans Equity Principal 346

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” In January 2022, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 311

Sales Mortgages Loans Loan Officer 311

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. But for me, I do a lot of [Home Equity Conversion Mortgage (HECM)] for Purchase. including the states of California, Washington, Florida, Wisconsin and South Carolina.

Mortgages 367

Mortgages Principal Loans Loan Officer 367

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna has more than 20 years of experience in the real estate industry and a background that spans both real estate law and business. Williams has decades of experience in the real estate industry.

Principal 86

Principal Development Brokerage Residential 86

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 391

Mortgages Bankruptcy Principal Finance 391

Housing Wire

JUNE 3, 2022

The major market dynamic making EBO deals attractive now, according to KBRA, is a changing of seasons in the mortgage industry, marked by fast-rising rates , high housing prices and a turn toward a competitive purchase-mortgage market. million, with all the loans deemed delinquent. In total, 99.3% are in active foreclosure.

Loans 352

Loans FHA loan Principal Marketing 352

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 344

Purchase and sale agreement Marketing Equity Banks 344

Housing Wire

FEBRUARY 15, 2024

While he only has access to the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) product, that doesn’t dampen the possibilities. So, preserving other assets by utilizing home equity is the other big thing.” I’ve concentrated on banking ever since I really got in this industry.”

Mortgages 340

Mortgages Banks Equity Land 340

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 373

Sales Mortgages Loan Officer Principal 373

Housing Wire

OCTOBER 25, 2023

The firm also had a $39 million loss associated with equity investments primarily related to the sale of its title business in 2021. A team of equity analysts at Jefferies said the third-quarter earnings show the core fundamentals at Mr. Cooper are “solid and improving.” “The The correspondent channel fell to $1.7 billion in Q2 2023.

Purchase and sale agreement 335

Purchase and sale agreement Equity Principal Banks 335

Housing Wire

JANUARY 12, 2024

Some companies in this space are better than others, but overall, the industry can give itself at least an A- in this category. Principal among these are: Invested capital “requires” the highest return. Develop “community pools” and shared equity models to break the dependence on intransigent and predatory financial institutions.

Finance 348

Finance Principal Residential Development 348

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 330

Marketing Principal Banks Loans 330

Housing Wire

AUGUST 9, 2022

. “Our second quarter results reflect the extremely challenging market environment that continues in our industry, which led to ongoing declines in our mortgage volumes and profit margins,” said Martell, who formerly ran CoreLogic and is known in the industry for cost-cutting. million from the previous quarter.

Closing 475

Closing Principal Lending Loans 475

Housing Wire

AUGUST 1, 2023

Through their visionary leadership, they have propelled the industry forward, driving change, fostering inclusivity and taking the reigns as female executives in a traditionally male industry.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

APRIL 21, 2022

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. Elzen has more than 20 years of experience in the financial services industry. Cooper Group Inc., million in total compensation in 2021.

Banks 367

Banks Principal Finance Equity 367

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

JUNE 3, 2021

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. of the GSE’s total securitized unpaid principal balance. In a prepared statement, FHFA director Mark Calabria drew attention to the uneven pandemic recovery.

Principal 475

Principal Finance Loans Equity 475

Housing Wire

JANUARY 11, 2024

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Lending 370

Lending Bankruptcy Mortgages Principal 370

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 285

Mortgages Investor Loan Officer Principal 285

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 401

Mortgages Banks Loans Industrial 401

Housing Wire

JANUARY 5, 2022

Reverse Mortgage Funding, LLC (RMF) has acquired a portfolio of mortgage servicing rights (MSRs) and other assets from industry-leading lender American Advisors Group (AAG), which consists of more than 75,000 loans totaling $12.1 billion in unpaid principal balance (UPB).

Mortgages 347

Mortgages Principal Loans Industrial 347

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams.

Investor 275

Investor Sales Mortgages Loan Officer 275

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 320

Principal Loans Technology Mortgages 320

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 348

Marketing Loans Principal Mortgages 348

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 306

Title Equity Principal Branding 306

Keeping Current Matters

MAY 6, 2021

If you average the most recent projections from the major industry forecasters, the expectation is home prices will increase by 7.7%. Assuming a buyer purchases a $325,000 home this year with a 30-year fixed-rate loan at 3% after making a 10% down payment, their monthly principal and interest payment would be $1,233. Bottom Line.

Principal 279

Principal Mortgages Equity Loans 279

RIS Media

SEPTEMBER 21, 2021

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. Phipps is principal broker of Phipps Realty, a family business started by his mother in 1976. Ron Phipps.

Equity 101

Equity Marketing Principal Banks 101

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). According to industry leaders, the rule can force a sell-off wave, reduce values and put some lenders and services in a difficult spot.

Marketing 358

Marketing Lending Loans Principal 358

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 236

Equity Short sale Principal Loans 236

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Equity can be used for any number of purposes, including home improvements.

Mortgages 327

Mortgages VA loan Loans Technology 327

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 389

Banks Mortgages Loans Equity 389

Keeping Current Matters

JULY 28, 2021

As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. Most of the 1.86M in forbearance have enough equity to sell their home. million homeowners currently in forbearance, 87% have at least 10% equity in their homes.

Short sale 263

Short sale Equity Principal Mortgages 263

Keeping Current Matters

SEPTEMBER 23, 2021

Three major housing industry entities project continued home price appreciation for 2022. According to the mortgage calculator from Smart Asset , your monthly mortgage payment (including principal and interest payments, and estimated home insurance, taxes in your area, and other fees) would be approximately $1,899. Fannie Mae : 5.1%.

Principal 279

Principal Mortgages Equity Loans 279

Housing Wire

MAY 10, 2022

Hsieh noted the environment of shrinking market size and surging mortgage rates “may turn out to be one of the most challenging” that the industry experienced, which were reflected in the firm’s first-quarter earnings. . While loanDepot reported a net loss of $68.4 million net loss on the value of its servicing rights.

Principal 397

Principal Loans Equity Mortgages 397