Housing Wire

JULY 15, 2024

For the sake of simplicity, I will keep my comments restricted to residential real estate in the US. Offers to refinance, leverage equity, and the like have improved but rarely does AI come into play, though it could help a great deal in targeting, data matching, and prediction. This is my view on the industry at a point of time.

Residential 420

Residential Finance Technology Staging 420

Housing Wire

JULY 8, 2022

House Financial Services Committee’s Subcommittee on Oversight and Investigations (the subcommittee), was sent to the following companies: Invitation Homes ; American Homes 4 Rent ; FirstKey Homes (owned by Cerberus Capital Management ); Progress Residential (owned by Pretium Partners ); and Amherst Residential.

Equity 417

Equity Residential Investor As-is 417

Housing Wire

SEPTEMBER 22, 2023

Borrowers everywhere are seeking new ways to tap into their home equity. To help homeowners explore their home equity options, lenders, investors and others in the industry should consider leveraging tech-backed services. But with rising mortgage costs and high interest rates , refinancing doesn’t always make the most sense.

Equity 441

Equity Inspection Technology Residential 441

Housing Wire

JANUARY 17, 2025

The real estate technology company will be aided on this journey by additional capital it has secured from its ownership group, which includes private equity partner Vector Capital , and brokerages Howard Hanna Real Estate Services and Windermere Real Estate , according to an announcement on Friday. MoxiWorks is looking to up its game.

Technology 366

Technology Brokerage Commercial Equity 366

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. As more older adults state their desires to age in place in their current homes and with baby boomers owning as much as half of all U.S.

Inspection 274

Inspection Mortgages New Construction Equity 274

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Equity 366

Equity Marketing Investor Finance 366

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. Historically, life insurance companies shied away from investing in residential mortgages.

Banks 388

Banks Due diligence Residential Investor 388

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages 384

Mortgages Technology Loan Officer Loans 384

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 388

Equity Lending Loans Banks 388

Housing Wire

DECEMBER 9, 2022

For many in the industry, access to market data provides a necessary glimpse of what’s-to-come in housing. This dataset shows who is originating residential loans, where and with which loan products, partners and at what volume. This data allows them to pivot strategies based on their insights. or below).

Industrial 417

Industrial Equity Loans Mortgages 417

Housing Wire

NOVEMBER 20, 2024

Chicago-based multichannel mortgage lender Rate , formerly known as Guaranteed Rate , has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers. PRMI) and The Federal Savings Bank. “I

Industrial 370

Industrial Mortgages Lending Loan Officer 370

Housing Wire

MARCH 17, 2025

Among the provisions of the new bill, the relevant section stipulates that [a] foreclosure prevention fee of $80 shall be assessed for each residential mortgage loan originated, excepting only reverse mortgage loans issued to seniors over the age of 61, it says. To that end, NRMLA has requested that the language be changed from age 61 to 59.

Mortgages 358

Mortgages Loans Equity Residential 358

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

AUGUST 6, 2020

The move comes 15 months after Thoma Bravo , a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 ICE’s decision to acquire Ellie Mae follows the company’s actions over the last four years to strengthen its hold in the residential mortgage industry.

Residential 533

Residential Equity Mortgages Industrial 533

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 403

Equity Loan Officer Residential Commercial 403

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. Inside Mortgage Finance reported that Santander residential production totaled $2.7 mortgage industry are in the past. trillion in 2022.

Banks 451

Banks Mortgages Fixed-rate mortgage Equity 451

Housing Wire

MAY 15, 2025

Over the past five years, management has increasingly focused on leveraging CoStars dominance in commercial real estate (CRE) to expand into residential real estate (RRE). Third Point estimates that CoStar will have cumulatively spent more than $3 billion on its residential goals by the end of this year.

Investor 286

Investor Branding Commercial Residential 286

Housing Wire

OCTOBER 11, 2023

No Worker Adjustment and Retraining Notification (WARN) notices were submitted to the Pennsylvania Department of Labor & Industry. PNC has a retail banking business that covers residential mortgage, corporate and institutional banking and asset management. PNC is headquartered in Pittsburgh. Of the $101.8

Residential 468

Residential Banks Equity Loans 468

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As by the end of 2023.

Mortgages 430

Mortgages Equity VA loan FHA loan 430

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 413

Mortgages Fixed-rate mortgage Lending Residential 413

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. now known as Rithm Capital. “In

Construction 441

Construction Development Loans Lending 441

Housing Wire

OCTOBER 3, 2024

District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. The suit is seeking class-action status for a nationwide class that is defined as all persons who purchased a residential property listing on a Realtor-affiliated MLS between 2002 and the present.

MLS 429

MLS Residential Equity Agents 429

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 403

Equity Fixed-rate mortgage Principal Mortgages 403

Housing Wire

JANUARY 5, 2023

residential mortgage-backed securities (RMBS) market continues to look bleak for 2023. Major factors that will shape the RMBS market include a dramatic reduction in origination volume and mortgage lenders exiting the business , according to a report from DBRS Morningstar on the outlook of the industry. .

Marketing 460

Marketing Equity Loans Investor 460

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S. Santander Bank, NA.,

Mortgages 370

Mortgages Banks Residential Equity 370

Housing Wire

OCTOBER 29, 2021

JPMorgan Chase recently donated $3 million to the Appraiser Diversity Initiative , putting its financial support behind a growing movement to bring more diversity to the residential appraisal field. A commitment to advance racial equity. JPMorgan Chase is taking a comprehensive approach to narrow the racial wealth gap in the U.S.,

Equity 370

Equity Residential Lending Industrial 370

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 388

Equity Fixed-rate mortgage Principal Loans 388

Housing Wire

FEBRUARY 4, 2021

After months of uncertainty , CoreLogic announced Thursday that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. This would be a premium of 51% to CoreLogic’s unaffected share price as of June 25, 2020.

Lending 468

Lending Equity Investor Finance 468

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.

VA loan 430

VA loan Principal Residential New Construction 430

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

Equity 366

Equity Lending Finance Loans 366

Housing Wire

DECEMBER 15, 2022

It’s picked up PropertyVal , a Maine-based AMC that is among the largest independent residential appraisal firms in the state. “We To partner with an industry leader like Class Valuation will benefit both our lending and appraisal partners,” Robert Strong, CEO of PropertyVal, said in a statement.

Residential 370

Residential Lending Equity Technology 370

Housing Wire

JULY 18, 2023

Rumors are that large banks would see residential mortgage capital requirements that far exceed international standards under the Basel III rules, which are expected to be unveiled on July 27, according to a report by Bloomberg. Mortgage, home equity business The new rules would affect BofA’s mortgage originations, which totaled $5.9

Mortgages 369

Mortgages Banks Equity Residential 369

Housing Wire

SEPTEMBER 13, 2022

“Mortgage credit availability declined slightly in August, as investors reduced their offerings of ARM and non-QM loan programs,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Companies that plan to roll out HELOC products include loanDepot and New Residential Investment Corp.

Lending 370

Lending Loans Equity Mortgages 370

Housing Wire

OCTOBER 2, 2024

They start by exploring the evolution of the SFR industry over time. Mullen also clarifies that the term RTL, or residential transition loan, is synonymous with the fix-and-flip mortgage. Mullen describes Pretium’s platform as a residential ecosystem that originates nontraditional mortgages.

Lending 441

Lending Banks Loans Residential 441

Housing Wire

NOVEMBER 11, 2020

coupon amid a historic boom time for the residential mortgage industry. Guild Mortgage debuted last month, though it failed to meet its initial price and its private equity firm owners sold less stock than they had planned to sell. It recently sold $500 million in senior notes at a 6.5% billion in its IPO.

Equity 441

Equity Technology Lending Mortgages 441

Housing Wire

OCTOBER 1, 2024

Annaly has $75 billion in assets invested across its agency mortgage-backed securities (MBS), residential credit and MSR strategies. Rocket said that its recapture rate, which includes purchase and refinance loans, is at 85%, triple the industry average. Terms of the deal were not disclosed. billion in market value as of June 30.

Closing 416

Closing Principal Loans Finance 416

Housing Wire

OCTOBER 18, 2023

mortgage lender Bank of America (BofA) reported declining mortgage and home equity production in the third quarter of 2023, compared to the previous quarter. Mortgage, home equity volumes BofA’s mortgage originations totaled $5.6 Bank of America had $229 billion in outstanding residential mortgages on its books through Sept.

Mortgages 426

Mortgages Banks Equity Lending 426