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 384

Equity Fixed-rate mortgage Principal Loans 384

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 394

Equity Fixed-rate mortgage Principal Mortgages 394

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Principal among these are: Invested capital “requires” the highest return. exceeds $1.5

Finance 388

Finance Principal Residential Development 388

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. Credit cards are unsecured loans.

Equity 79

Equity Loans Principal Finance 79

Housing Wire

MARCH 7, 2024

Michael Warden , managing principal and CEO of Invictus Capital Partners — one of the largest players in the nonqualified mortgage (or private-label) securitization space via Verus Securitization Trust — is also quite bullish on the future of private capital in the mortgage market. And future rate cuts mean less return [for investors].

Investor 390

Investor As-is Commercial Equity 390

Housing Wire

FEBRUARY 3, 2022

MSRs gain value as interest rates rise, in part because upward-bound rates cause mortgage refinancing to ebb, which slows prepayment speeds on mortgages — increasing the effective long-term yield of the servicing rights tied to those loans. In fact, the largest MSR deal of the month for Incenter, involving a loan portfolio valued at $23.7

Purchase and sale agreement 364

Purchase and sale agreement Marketing Equity Banks 364

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Realty Biz

SEPTEMBER 25, 2021

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity increases in two ways.

Equity 91

Equity Loans Bankruptcy Mortgages 91

Housing Wire

NOVEMBER 17, 2022

The executive spoke during a panel at the 8th Annual Residential Mortgage Servicing Rights Forum, a conference held in Manhattan on November 14 and 15. Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. ” Executives refute this explanation.

Marketing 396

Marketing Lending Loans Principal 396

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well.

Mortgages 431

Mortgages Banks Loans Industrial 431

Housing Wire

FEBRUARY 16, 2022

About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC). You just never know. billion, or 8.2%

Marketing 376

Marketing Principal Banks Loans 376

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 240

Equity Short sale Principal Loans 240

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 KBRA seems to think so as well.

Marketing 338

Marketing Debt-to-income ratio Loans Mortgages 338

Housing Wire

FEBRUARY 8, 2022

We service their loans. 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. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge.

Loans 363

Loans Pre-approval Mortgages Principal 363

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

VA loan 345

VA loan Principal Equity Residential 345

Housing Wire

JULY 7, 2021

The sale is expected to reduce Mr. Cooper’s overall servicing portfolio by $16 billion in unpaid principal balance (UPB), and will also decrease its balance sheet by approximately $5 billion in Home Equity Conversion Mortgage (HECM) servicing rights (MSRs) and other unspecified assets.

Sales 396

Sales Mortgages Branding Principal 396

Housing Wire

MARCH 1, 2023

Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. billion for commercial mortgage-backed securities (CMBS) and only $500 million for nonagency residential MBS. Last year, net agency MBS issuance dropped to $530 billion. trillion.”

Marketing 377

Marketing Banks Mortgages Investor 377

Housing Wire

JANUARY 25, 2023

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% Wells Fargo also could simply allow the MSRs to run off its books as the loans being serviced expire. A multiple is a measure of the price of an MSR loan pool.

Banks 356

Banks Loans Mortgages Sales 356

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. And in July, it announced its formal launch of Orchard Home Loans. Patrick Conroy, principal at Washington, D.C.-based

Title 252

Title Branding Principal Loans 252

Realty Biz

JANUARY 12, 2022

The main goal of these programs is for you to make extra mortgage payments to reduce the outstanding balance on the loan. When you reduce the principal owed, less of your payment goes towards interest, and more goes towards reducing the loan balance. Or have more equity in the home when you sell it.

Mortgages 111

Mortgages Principal Equity Loans 111

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans.

VA loan 402

VA loan Principal Loans New Construction 402

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Sign up now.

VA loan 85

VA loan Principal Development Title 85

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There is a lot more inquiry for home equity line credit. How fast we move past that is up for debate.”

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 450

Mortgages Loan Officer Loans Equity 450

Realty Biz

APRIL 8, 2021

You must have equity in your home to be able to refinance the mortgage. Most lenders will not approve you for a mortgage refinance until you have at least 20% equity in your home. Fortunately, due to steadily rising home values, almost all homeowners have seen their equity increase in meaningful amounts over the past few years.

Closing costs 65

Closing costs Equity Loans Principal 65

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. View Pro-Series webinars.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year. recently rebranded as Rithm Capital ).

Equity 370

Equity Loans Residential Banks 370

Housing Wire

JULY 28, 2023

billion of single-family residential loans at a discount, according to the outlet. 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.

Purchase and sale agreement 364

Purchase and sale agreement Mortgages Banks Principal 364

Housing Wire

MAY 16, 2022

million) are among the non-bank lenders that benefited from the sale of MSRs, offsetting the decline in closed loan volume in the first quarter of 2022. UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 million) and Homepoint ($11.9 UWM had $303.4

Principal 377

Principal Banks Loans Lending 377

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Equity 410

Equity Loan Officer Loans Mortgages 410

Housing Wire

FEBRUARY 8, 2023

. “Capital Markets essentially shut down during different periods, but we managed to grow or book value by 5% during 2022 to generate a good return on equity of 15%.” The strategy with Genesis is to grow its servicing capabilities and expand its product set, including rental hold loans. The stabilized occupancy was 93%.

Equity 336

Equity Principal Mortgages Loans 336

Keeping Current Matters

MAY 20, 2021

The level of equity homeowners have is at an all-time high. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. Home Equity Report from ATTOM Data Solutions : “17.8 According to the U.S. That was up from 30.2

Equity 258

Equity Principal Fixed-rate mortgage Loans 258

Housing Wire

MARCH 20, 2023

Historic housing shortage The unprecedented rate hikes over the past 12 months have exacerbated a historic housing shortage while destabilizing the residential mortgage market. Today, refinances (including cash-out home equity loans) have slowed to a 22-year low of approximately 10% of current loans originated.

Banks 388

Banks Mortgages Fixed-rate mortgage Loans 388

Realty Biz

FEBRUARY 17, 2022

Today’s skyrocketing home values have resulted in 42% of homeowners with mortgages being “Equity Rich” at the end of 2021 (according to Attom real estate data). In total, that is an incredible amount of equity wealth. trillion in available equity, which is a 35% jump in a single year. How Equity Wealth is Created.

Equity 84

Equity Principal Loans Mortgages 84

Housing Wire

OCTOBER 24, 2022

The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Prestwick is marketing four separate deals, two in partnership with MCT, valued in total at $2 billion — which together also feature MSRs for single-family residential loan pools from all three agencies.

Principal 292

Principal Banks Loans Mortgages 292

Housing Wire

AUGUST 2, 2021

Principal and Chair, Financial Instituions Regulatory Practice Group. SVP, Loan Administration. SVP, Residential Servicing Division. Bay Equity Home Loans. Equity Prime Mortgage. Evergreen Home Loans. Courtney Poulos. Broker/Owner; Co-Founder. ACME Real Estate; ACME Real Estate Florida. Cristy Ward.

Title 397

Title Lending Finance Technology 397

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. As a result, KBRA applied a broad valuation haircut to such loans.”.

Loans 355

Loans Investor Equity Principal 355