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%. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended. According to CNBC, homeowner equity is an aggregate $9.9

Equity 384

Equity Fixed-rate mortgage Principal Loans 384

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. The report revealed that January 2024 PLS issuance totaled $7.5

Investor 414

Investor As-is Commercial Equity 414

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

JUNE 3, 2022

Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. In those offering, 100% of the FHA loans involved are delinquent — with about a quarter of the mortgages in each deal in active foreclosure. In total, 99.3%

Loans 396

Loans FHA loan Principal Marketing 396

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. The big trigger was we had a half-point increase in the 30-year par rate [for a mortgage] in January,” he said in a recent interview. “The

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

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

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 416

Marketing Lending Loans Principal 416

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.

Equity 91

Equity Loans Bankruptcy Mortgages 91

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. This is nearly three times the monthly average witnessed in 2021,” he added. You just never know.

Marketing 384

Marketing Principal Banks Loans 384

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. Especially a HELOC. This is seldom a good idea.

Equity 79

Equity Loans Principal Finance 79

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Sales 528

Sales Mortgages Principal Short sale 528

Realty Biz

JANUARY 12, 2022

For a primer on how to do it correctly, read the article: How to Pay Off Your Mortgage in a Few Short Years. On the other hand, some methods don’t make good financial sense… Don’t Pay Others to Pay Off Your Mortgage Faster. It doesn’t make sense to pay a third party to arrange to pay off your mortgage early.

Mortgages 111

Mortgages Principal Equity Loans 111

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 397

Sales Mortgages Branding Principal 397

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. That compares to daily trading volume of $2.7

Marketing 384

Marketing Banks Mortgages Investor 384

Keeping Current Matters

JANUARY 13, 2021

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. First, the homeowner suffers an adverse economic shock…leading to the homeowner becoming delinquent on their mortgage.

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

Marketing 370

Marketing Debt-to-income ratio Loans Mortgages 370

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 370

Loans Pre-approval Mortgages Principal 370

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 382

VA loan Principal Equity Residential 382

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 450

Mortgages Loan Officer Loans Equity 450

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. 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.

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

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 379

Banks Loans Mortgages Sales 379

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 285

Title Branding Principal Loans 285

Housing Wire

MARCH 19, 2024

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company. Five Brothers, headquartered in Warren, Mich.,

Mortgages 413

Mortgages Principal Commercial Real-estate owned 413

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.

VA loan 418

VA loan Principal Loans New Construction 418

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce.

VA loan 85

VA loan Principal Development Title 85

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. Home equity represents a combination of the amount of principal you’ve paid off along with the increased value of your home.

Closing costs 65

Closing costs Equity Loans Principal 65

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. In 2021, mortgage originations hit a record high of $4.4 Today, three of four mortgage loans are issued by independent mortgage companies.

Banks 397

Banks Mortgages Fixed-rate mortgage Loans 397

Housing Wire

JULY 28, 2023

JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California ‘s purchase of PacWest Bancorp , Bloomberg reported. billion of single-family residential loans at a discount, according to the outlet. The bank entered into an agreement to buy $1.8 Banc of California and JPMorgan declined to comment.

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce.

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

MAY 16, 2022

As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights (MSRs), cut costs and diversified revenue stream to survive the mortgage storm. Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2 million from servicing mortgages during that period, up $64.8

Principal 384

Principal Banks Loans Lending 384

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 company reduced its expenses, dramatically cutting its workforce by 56%, to deal with a shrinking mortgage market. million in the fourth quarter.

Equity 362

Equity Principal Mortgages Loans 362

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 410

Equity Loan Officer Loans Mortgages 410

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

Mortgages 254

Mortgages Lending Loans Investor 254

Keeping Current Matters

MAY 20, 2021

The level of equity homeowners have is at an all-time high. Census , over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Home Equity Report from ATTOM Data Solutions : “17.8 According to the U.S.

Equity 258

Equity Principal Fixed-rate mortgage Loans 258

Real Trends

MAY 13, 2022

“Title and other services were high because of these referral relationships between real estate agents and the settlement service providers,” said Holly Spencer Bunting, who is a lawyer at Mayer Brown and represents businesses on mortgage banking and consumer finance matters. A less intertwined partnership is the marketing service agreement.

Title 75

Title Brokerage Agents Mortgages 75

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. According to Black Knight’s Mortgage Monitor, there is currently a record total of $9.9

Equity 84

Equity Principal Loans Mortgages 84