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 306

Investor Sales Mortgages Loan Officer 306

Housing Wire

FEBRUARY 13, 2023

Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. million security backed by non-QM mortgages.

Mortgages 336

Mortgages Principal Banks Equity 336

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.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. It’s a matter of speed. … billion, up 81% from the same month last year.

Investor 382

Investor As-is Commercial Equity 382

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Lending 370

Lending Title Mortgages Equity 370

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 434

Technology Development Title Lending 434

Housing Wire

MARCH 6, 2023

Home prices fell in January, pulling back by 0.24% from December to mark the smallest monthly decline in seven months, according to Black Knight ‘s mortgage monitor report. of the median household income to make the monthly principal and interest payments on the average home purchase. With 30-year rates at 6.5% In 2022, about $2.4

Marketing 390

Marketing Equity Principal Mortgages 390

Housing Wire

NOVEMBER 3, 2022

One mortgage M&A expert believes that of the 130 or so IMBs that did $1 billion to $2 billion for production in 2021, 17% of them will not even be able to do $500 million over the 12 months ending June 30, 2023. The consolidation fervor is being fed by several factors, according to David Hrobon, a principal with Stratmor.

Banks 393

Banks Mortgages Loans Equity 393

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

Fixed-rate mortgage 366

Fixed-rate mortgage Mortgages Loans Loan Officer 366

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 362

Marketing Principal Banks Loans 362

Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Principal : The amount of money you borrowed to buy the home. Over time, you'll pay down the principal and interest.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

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 459

Banks Lending Loans Principal 459

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. That total has been rising every year since 2018, with specialist nonbank mortgage lenders gaining prominence as depository lenders pull back. The top 25 lenders grew to 43.9% in 2020, the CFPB report found.

Marketing 365

Marketing Loans Principal Mortgages 365

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). Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.”

Marketing 388

Marketing Lending Loans Principal 388

Housing Wire

JUNE 28, 2023

According to Mr. Cooper, the offer is conditioned to certain conditions, including consent from state mortgage regulators, the Government Mortgage Association , the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association. of the outstanding shares.” Mr. Cooper had 4.1

Principal 267

Principal Equity Loans Mortgages 267

Housing Wire

AUGUST 9, 2022

California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter. The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM).

Closing 471

Closing Principal Lending Loans 471

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage. Learn More 1.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Housing Wire

APRIL 8, 2021

When you make a mortgage payment, part of that money goes toward the principal balance. The longer you live there and pay down the mortgage, the greater your stake in the property’s value. Should the property increase in value over time, then you, in turn, will have built up more equity.

Equity 401

Equity Fixed-rate mortgage Principal Mortgages 401

Housing Wire

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. Sprout Mortgage imploded in early July, leaving its employees out in the cold. The Flagstar text message leaked to the media in mid-July confirmed, going forward, funding advances for non-QM mortgages will require advance approval by the lender’s warehouse lending arm.

Lending 375

Lending Banks Bankruptcy Loans 375

Housing Wire

FEBRUARY 10, 2023

The performance was impacted by a mark-to-market of $58 million, adjustments related to severance and property consolidation of $23 million, and equity investment losses of $10 million. The direct-to-consumer channel was responsible for 60% of total originations from September to December, with the remainder coming via correspondent lending.

Principal 312

Principal Mortgages Lending Equity 312

Calculated Risk Real Estate

SEPTEMBER 8, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 124

Closing Equity Principal Short sale 124

Housing Wire

JULY 28, 2021

This is according to John Lunde, president of Reverse Market Insight (RMI) during a presentation at the National Reverse Mortgage Lenders Association (NRMLA) Virtual Summer Meeting this month. Reverse mortgage penetration remains stubbornly low. Nobody wants to see their market share go down,” Lunde says. “But,

Mortgages 294

Mortgages Loans Equity Industrial 294

Realtor.com

APRIL 5, 2021

Getty Images What is an interest-only mortgage? 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. But unlike a conventional ARM, borrowers don’t build any equity in their home with an interest-only mortgage. “I

Loans 122

Loans Mortgages Principal Equity 122

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. With the days of stimulus packages and low mortgage interest rates in the rearview, Americans are steeling themselves for a future with the potential for economic uncertainty.

Equity 102

Equity Finance Loans Closing costs 102

Keeping Current Matters

APRIL 12, 2021

According to the Mortgage Bankers Association (MBA), data through March 28 show that 48.9% of homeowners who have already left the program were current on their mortgage payments when they exited. Lending institutions don’t want the headaches of managing foreclosed properties. Homeowners have record levels of equity today.

Equity 255

Equity Banks Loans Lending 255

Calculated Risk Real Estate

DECEMBER 7, 2023

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 69

Closing Equity Principal Short sale 69

Calculated Risk Real Estate

MARCH 7, 2024

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

Closing 67

Closing Equity Principal Short sale 67

Housing Wire

APRIL 26, 2023

The result included a mark-to-market of $63 million, a $1 million severance charge and $10 million losses with equity investments. million customers and $853 billion in unpaid principal balance (UPB) at the end of March, compared to $870 billion at the end of December. Mr. Cooper had 4.1 ” Acquisition mode for Mr. .”

Principal 363

Principal Banks Equity Loans 363

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

Sales 392

Sales Mortgages Branding Principal 392

Housing Wire

JULY 26, 2023

million customers and $882 billion in unpaid principal balance (UPB) at the end of June, compared to $853 billion at the end of March. “However, with mortgage rates hovering at 7%, we’re going to keep our guidance unchanged at $20 to $30 million [net income] per quarter.” Mr. Cooper had 4.3 ” Mr. .

Loans 347

Loans Principal Banks Closing 347

Housing Wire

MARCH 9, 2023

Like most of its publicly traded peers, Home Point Capital, the parent company of wholesale lender Homepoint , shrank in 2022 to adapt to a shrinking mortgage market. But the headwinds in mortgage remain strong and Home Point’s viability as an independent company was questioned by analysts on Thursday morning.

Principal 362

Principal Mortgages Equity Sales 362

Realtor.com

OCTOBER 29, 2020

If you’re a homeowner, you have options that involve tapping into your home equity —the difference between what your home is worth and how much you owe on your mortgage. There are three main ways to tap into home equity, but sorting through those options can be confusing. Home equity loan. Cash-out refinance.

Equity 76

Equity Loans Closing costs Principal 76

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 That’s a strong start for a new issuer. “A

Marketing 335

Marketing Debt-to-income ratio Loans Mortgages 335

Realty Biz

OCTOBER 18, 2022

Soaring mortgage rates have led to the worst affordability in almost four decades, while sellers are also losing their ability to move up to more desirable homes. On Friday, October 14, 2022, the current average 30-year fixed-mortgage rate was 7.04%. The data suggests refinancable home equity probably peaked in May.

Mortgages 88

Mortgages Marketing Equity Loans 88

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgages 441

Mortgages Loan Officer Loans Equity 441

Redfin

DECEMBER 15, 2023

The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%. Fast forward to today, the Fed’s efforts to combat inflation have led to a substantial increase in interest rates, affecting many sectors that influence our economy, including mortgages.

Fixed-rate mortgage 66

Fixed-rate mortgage Mortgages Title search Equity 66

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

Loans 362

Loans Pre-approval Mortgages Principal 362

Housing Wire

JANUARY 25, 2023

Market speculation that Wells Fargo is contemplating a huge bulk sale of mortgage servicing rights (MSRs) may well be a case of a rumor that is all hat and no cattle. As of the start of this year, Wells Fargo’s all-agency MSR portfolio included some $608 billion in loans serviced based the unpaid principal balance, or 7.3%

Banks 353

Banks Loans Mortgages Sales 353