Housing Wire

MAY 5, 2021

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. “Interest rates began to rise in late Q1, and there has been a corresponding reduction in market opportunities and gain on sale margins as a result. That company gave a 22% market share.

Marketing 282

Marketing Principal Technology Loans 282

Housing Wire

JANUARY 12, 2024

The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Investors’ No.

Finance 380

Finance Principal Residential Development 380

Housing Wire

FEBRUARY 13, 2023

“I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. among others. million security backed by non-QM mortgages.

Mortgages 336

Mortgages Principal Banks Equity 336

Housing Wire

OCTOBER 26, 2021

million in equity and $24 million in debt – valued the company at $450 million. Tom Richardson, head of strategic capital principal technology investments at Wells Fargo Strategic Capital, said in a statement that the capital “will help them achieve their business goals and continue to expand their product offering.”.

Mortgages 368

Mortgages Principal Loans Investor 368

Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. Operationally, loanDepot entered 2024 by dealing with a cyberattack that brought its systems down and a forecast for market conditions to improve. loanDepot recorded a non-GAAP adjusted net loss of $142.4 million loss in 2022.

Principal 367

Principal Mortgages Equity Technology 367

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? Both HELOCs and non-QM loans are made to order for today’s mortgage market.

Mortgages 355

Mortgages VA loan Loans Technology 355

Housing Wire

FEBRUARY 17, 2021

But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company. In exchange, @Properties is offering its marketing department, their proprietary technology @platform, and potential financial assistance in a firm’s expansion. billion in 2019 sales, according to RealTrends.

Brokerage 354

Brokerage Principal Technology Equity 354

Housing Wire

MAY 6, 2022

California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. from market opening. million, down from $106.5

Principal 350

Principal Loans Technology Mortgages 350

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 388

Sales Mortgages Loan Officer Principal 388

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. LLR Partners, which led a $26.5

Investor 306

Investor Sales Mortgages Loan Officer 306

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc.

Principal 86

Principal Development Brokerage Residential 86

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. Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes. but projects to be at 5% by 2023.

Title 331

Title Equity Principal Branding 331

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. trillion in unpaid principal balance (UPB) that needs to be sold in the market. The estimate is for $3.9 trillion from 2023 to 2025.

Principal 312

Principal Mortgages Lending Equity 312

Housing Wire

AUGUST 1, 2023

Congratulations to the 2023 Women of Influence winners.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

JANUARY 5, 2022

billion in unpaid principal balance (UPB). This transaction will facilitate AAG making disciplined investments into the core of our business, namely: technology, expansion of key initiatives, and the customer experience, as our customers are the heart and soul of what drives us at AAG,” he said.

Mortgages 375

Mortgages Principal Loans Industrial 375

Housing Wire

OCTOBER 28, 2020

In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties indicating preliminary interest based on public information in the potential acquisition of the Company at a value at or above $80 per share,” the company said in a press release Wednesday. Presented by: Sutherland.

Investor 336

Investor Principal Equity Technology 336

Housing Wire

APRIL 28, 2022

Mr. Cooper sold certain intellectual property rights related to its cloud-based technology platform for Sagent and received a minority equity stake in the fintech company. . Cooper ended the first quarter with $796 billion in unpaid principal balance (UPB), a 12% increase quarter-over-quarter and a 27% growth year-over-year.

Principal 360

Principal Mortgages Equity Closing 360

Housing Wire

JANUARY 13, 2021

Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. How the National Flood Insurance Program’s recent extension provides stability for the housing market. The NFIP provides stability for the housing market. But here’s the dilemma.

Mortgages 439

Mortgages Investor Loans Technology 439

Housing Wire

JUNE 15, 2022

The markets have been shaken to the core. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compared to 50 bps previously). Such volatility has triggered turbulence in the mortgage market. On Friday, the U.S.

Mortgages 382

Mortgages Loans Investor Equity 382

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 363

Mortgages Marketing Equity Finance 363

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. Earlier this year, Orchard began the initial pilot of its integrated mortgage offering in Texas markets.

Title 252

Title Branding Principal Loans 252

RIS Media

JULY 30, 2021

We generated record operating EBITDA, gained market share for the fourth consecutive quarter and strengthened our balance sheet to its best position ever,” said Ryan Schneider, Realogy’s chief executive officer and president. ” Highlights: – Generated Revenue of $2.3 – Lowest ever net debt leverage ratio of 2.5x

Branding 105

Branding Principal Title Equity 105

Realty Biz

MAY 21, 2021

And that’s exactly what investors are betting on, causing prices to rise in the commercial real estate market as they snap up long-vacant office buildings in anticipation of demand. The Dallas-based travel technology firm Sabre Corp. As a result, commercial real estate prices have risen by 7% on average since July.

Commercial 113

Commercial Investor Equity Principal 113

Housing Wire

JULY 22, 2022

Thomas Yoon, president and CEO of Excelerate Capital , a full-service non-QM lender, said the move essentially means Flagstar now will “monitor every loan because they don’t want [to fund loans] that will be hard to sell in the open market, and then they’re stuck with that loan.”. “So, That’s probably a little more common than people think.”.

Lending 375

Lending Banks Bankruptcy Loans 375

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 321

Equity Lending Principal Technology 321

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. When rates go up by a point, people sit on the sidelines.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

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. Mortgage professionals say 2024 will be a ‘recovery year’ as markets slowly return to normal. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 441

Mortgages Loan Officer Loans Equity 441

Housing Wire

MARCH 19, 2024

MCS contends that the deal creates “a national property preservation and services market leader that combines complementary business offerings to serve an extensive network of clients in the mortgage services and single-family rental sectors.”

Mortgages 379

Mortgages Principal Commercial Real-estate owned 379

HomeLight

OCTOBER 24, 2023

As the third most expensive housing market in the U.S. — behind only San Francisco and Manhattan — the tech-focused San Jose boasts opulent property values thanks to its abundance of jobs and enviable Mediterranean climate. That reminds us… Have you checked your home equity lately? Need to sell your home fast in San Jose, California?

Staging 113

Staging Renovation Agents As-is 113

Realtor.com

NOVEMBER 23, 2021

We then dove deeper to investigate the impact on local real estate markets affected by this reshuffle. “These regions have two big advantages: The weather is relatively warm, and housing is more affordable, says Guy Berger , principal economist at LinkedIn. Austin has been one of the hottest real estate markets in the U.S.

Industrial 135

Industrial Equity As-is Principal 135

Housing Wire

FEBRUARY 9, 2024

regulators are monitoring risks stemming from nonbank mortgage lenders, especially failures resulting from market strains. trillion of unpaid principal balance (UPB) in mortgage servicing rights (MSR) by the end of March, a target announced in July 2021 when the portfolio was at $650 billion. It ’s a scale business.

Loans 386

Loans Principal Equity Banks 386

Housing Wire

MAY 1, 2023

Take a minute to look through the full list of this year’s list of honorees below. Congratulations to the 2023 Rising Stars!

Loan Officer 370

Loan Officer Principal Title Lending 370

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. Mortgage rates are influenced by various factors, such as the borrower’s credit score, loan-to-value ratio, loan term, and prevailing market conditions. How does a mortgage work?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Housing Wire

AUGUST 2, 2021

VP, Marketing. Vice President of Technology Services. Nexsys Technologies. Principal and Chair, Financial Instituions Regulatory Practice Group. EVP, Chief Marketing and Communications Officer. SVP, Chief Operating Officer of Investments & Capital Markets. VP, Strategic Communications and Marketing.

Title 393

Title Lending Finance Technology 393

Realty Biz

MARCH 21, 2022

A recent roundtable discussion with several Better Homes and Gardens Real Estate brokers across the country revealed that historic seasonality patterns have been affected by today’s market conditions. However, it is important to understand all of the underlying factors contributing to this significant shift in real estate market dynamics.

Principal 76

Principal Branding Inspection As-is 76

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. It’s been about two months since UWM rolled out its new pricing strategy and Ishbia says he is already seeing the impact on the market. . Multibillion dollar investment.

Equity 404

Equity Loan Officer Loans Mortgages 404

Real Trends

MAY 13, 2022

A 1992 amendment to RESPA, for example, permits mortgage partnerships, or joint ventures, where equity in earnings are split 50-50. A less intertwined partnership is the marketing service agreement. There is much more focus on equity and financial services, data privacy and helping consumers get through the COVID-19 pandemic.”.

Title 75

Title Brokerage Agents Mortgages 75