Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years.

Equity 441

Equity Purchase and sale agreement Loans Mortgages 441

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers.

Equity 394

Equity Mortgages Banks Commercial 394

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investor 419

Investor As-is Commercial Equity 419

Housing Wire

NOVEMBER 15, 2024

A shift in Rocket Mortgage’s MSR strategy Through the third quarter, Rocket has already acquired or committed to over $70 billion in unpaid principal balance for its servicing portfolio —a 15% increase over year-end 2023. “Together, these assets represent a total of $9.8 That’s 220,000 customers added through Q3. months to 4.3

Mortgages 367

Mortgages Equity Loans Principal 367

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. million in fourth-quarter 2023.

Investor 421

Investor Bankruptcy Finance Equity 421

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. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 364

Investor Sales Mortgages Loan Officer 364

Housing Wire

APRIL 28, 2025

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

Marketing 361

Marketing Principal Loans Mortgages 361

Housing Wire

JULY 22, 2024

The lender said its newest offering “garnered interest from a broad set of institutional investors” and wound up selling out. Like its prior deals, this one includes a two-year revolving period during which investors can reinvest their principal returns to purchase newly originated loans.

Loans 422

Loans Closing Investor Principal 422

Housing Wire

JULY 30, 2024

On Monday, the mortgage lender and servicer said that its debt offering to qualified investors through subsidiary Nationstar Mortgage Holdings will bear an annual interest rate of 6.5% ” According to the agency, Mr. Cooper’s leverage — calculated as debt to tangible equity — was 2.1 that is payable semiannually.

Principal 458

Principal Banks Investor Mortgages 458

Housing Wire

JUNE 18, 2024

million in aggregate principal amount available for 30 days to cover over-allotments. BTIG analysts Eric Hagen and Jake Katsikas estimate that the debt offering will bring the company’s total unsecured debt stack to $850 million, supported by about $1 billion in stockholder equity. The offering can be increased by $12.75

Closing 403

Closing Principal Lending Equity 403

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. and former U.S.

Mortgages 375

Mortgages Loan Officer Loans Investor 375

Housing Wire

JULY 1, 2024

Lucie Realtors Donna Schmidt Chief Executive Officer DLS Servicing Donna DelMonte Executive Vice President of Operations LoanStream Mortgage Erica Acie Head of Retail Originations Truist Erica Vigen Senior Product Manager, Real Estate Analytics Clear Capital Erin Sheckler Head of National Commercial Services Stewart Erin Wester Vice President of Product (..)

Lending 473

Lending Technology Mortgages Equity 473

Housing Wire

DECEMBER 7, 2023

California-based Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected, the company announced Thursday. According to the company , the offering size was increased from the previously announced $650 million aggregate principal amount of notes.

Principal 372

Principal Equity Investor Mortgages 372

Housing Wire

DECEMBER 6, 2023

The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. In October, HousingWire reported that Freedom Mortgage and PennyMac Mortgage Investment Trust moved to raise money through debt offerings with high investor demand. In total, $1.8

Principal 408

Principal Equity Mortgages Investor 408

Housing Wire

JUNE 3, 2022

Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2 Key to EBO offerings is the fact that the FHA guarantees 100% of the principal balance on the loans it insures. million, with all the loans deemed delinquent. In total, 99.3% are in active foreclosure. million to $13.2

Loans 397

Loans FHA loan Principal Marketing 397

Housing Wire

OCTOBER 26, 2021

Existing investors TTV Capital , Prudence , and Rotor Capita l participated in the round, as well as Wells Fargo Strategic Capital. million in equity and $24 million in debt – valued the company at $450 million. The company will not own the loans but sell to investors, picking up the spread. appeared first on HousingWire.

Mortgages 384

Mortgages Loans Principal Technology 384

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 450

Technology Title Development Lending 450

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 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

JULY 28, 2023

Banc of California and PacWest announced on Tuesday an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners to create a bank with $36 billion in assets. billion in loans or sell them to investors. The bank entered into an agreement to buy $1.8

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

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 380

Equity Lending Technology Principal 380

Housing Wire

JANUARY 24, 2025

Fitch noted that mortgage insurance does not cover claims principally caused by physical damage, including wildfires, floods or other natural disasters, but is designed to protect against borrower credit default. Exposure levels for other loan types, including prime mortgages and home equity loans, were less than 1%.

Mortgages 365

Mortgages Principal Loans Equity 365

Housing Wire

JULY 15, 2021

In the end, the company makes money by charging a fee off the principal of the loan — paid for by the lender. Cofounder Nora Apsel said Morty’s funding came entirely in the form of equity, and that the company has raised more than $38 million to date. For repeat buyers purchasing single-unit homes, the minimum down payment is 5%.

Principal 384

Principal Loans Equity Mortgages 384

Housing Wire

APRIL 5, 2022

The offering is slated to close April 8, according to a presale review by the Kroll Bond Rating Agency (KBRA) and involves transferring a portion of the reference loan-pool risk to private investors through the CAS real estate mortgage investment conduit, or REMIC. The initial Fannie CRT deal of 2022, CAS 2022-R01, involved a $1.5 billion.

Loans 383

Loans Equity Investor Residential 383

Housing Wire

AUGUST 9, 2022

The contribution from the digital home equity line of credit (HELOC) to increase revenues in 2022 will be “modest,” as it will be launched by the fourth quarter, Martell said. The unpaid principal balance of the servicing portfolio increased 1.2% The unpaid principal balance of the servicing portfolio increased 1.2%

Closing 479

Closing Principal Lending Loans 479

Housing Wire

OCTOBER 28, 2020

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms.

Principal 352

Principal Investor Equity Technology 352

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.”

Development 428

Development Industrial Mortgages Fixed-rate mortgage 428

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. Bank CRA obligations cover far more than their mortgage lending.

Banks 504

Banks Lending Loans Principal 504

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

Commercial 391

Commercial Finance Branding Principal 391

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. “We for the quarter, up 13 basis points from Q1 2023.

Brokerage 370

Brokerage Principal Title Equity 370

Housing Wire

DECEMBER 13, 2024

Importantly, the association said that the recent development of Ginnie Maes new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) product known as HMBS 2.0 The trade group acknowledged that investor demand for such a product is likely to be small, but this doesnt mean it couldnt make a difference.

Bankruptcy 365

Bankruptcy Loans Investor Banks 365

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. The crisis is calibrated to hit those most in need.”

Land 496

Land Principal Mortgages Equity 496

Housing Wire

MARCH 10, 2022

Two similar past issuances, one in 2015 and another last year, also were sponsored by Lakeview, according to a US Bank trust investor report. Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. A fourth such transaction, a $370.7

Mortgages 373

Mortgages Principal Loans FHA loan 373

Housing Wire

JANUARY 13, 2021

Many of these challenges persist today, while new ones – like post-forbearance credit reporting, investor and year-end reporting for deferred balances – continue to arise. Investor reporting. The impact of deferral plans on investor reporting is a critical issue that needs to be addressed. Current and approaching challenges.

Mortgages 466

Mortgages Loans Investor Technology 466

Housing Wire

JULY 23, 2024

PennyMac Financial generated strong earnings in the second quarter with an annualized operating return on equity of 16%,” chairman and CEO David Spector said in prepared remarks. billion in unpaid principal balance (UPB) at the end of June, up 2% on a quarterly basis and up 10% on a yearly basis. By comparison, servicing generated $4.9

Technology 419

Technology Loans Principal Mortgages 419

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

JANUARY 12, 2024

Principal among these are: Invested capital “requires” the highest return. Investors’ No. Develop “community pools” and shared equity models to break the dependence on intransigent and predatory financial institutions. Intransigent capital is the clear answer and the usual suspect. 1 job is to optimize shareholder value.

Finance 419

Finance Residential Principal Development 419

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. . Brady Thomas , branch manager at American Pacific Mortgage Home equity products will continue to be attractive options for homeowners looking for specific needs.

Mortgages 450

Mortgages Loan Officer Loans Equity 450