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 370

Mortgages VA loan Loans Technology 370

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.

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Investor Sales Mortgages Loan Officer 368

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Development Title Lending 446

Housing Wire

JANUARY 5, 2022

Reverse Mortgage Funding, LLC (RMF) has acquired a portfolio of mortgage servicing rights (MSRs) and other assets from industry-leading lender American Advisors Group (AAG), which consists of more than 75,000 loans totaling $12.1 billion in unpaid principal balance (UPB).

Mortgages 395

Mortgages Principal Loans Industrial 395

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.

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Lending Title Mortgages Equity 370

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgages 383

Mortgages Loans Investor Equity 383

Housing Wire

AUGUST 7, 2023

We achieved strong financial results that were inline with guidance in the midst of a quarter that was impacted by mortgage rates increasing 100 basis points to 7%.” In addition, Compass also reported an increase of 429 principal agents compared to a year ago and a retention rate of over 90%. “We billion for the quarter.

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Brokerage Principal Title Equity 370

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. However, the company still reported a pretax net income of $234.5

Principal 370

Principal Loans Technology Mortgages 370

Housing Wire

MARCH 12, 2024

The reduction was impacted by its exit of the wholesale channel in 2022, and it was partially offset by growth in servicing income and home equity lines of credit (HELOCs), as well as higher margins. billion in mortgages, compared to $6 billion in the previous quarter and $6.3 Expenses, meanwhile, decreased by 36% to $1.25

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Principal Mortgages Equity Technology 414

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. Since the CARES Act was signed into law, homeowners across the U.S. Presented by: CoreLogic.

Mortgages 461

Mortgages Investor Loans Technology 461

Housing Wire

FEBRUARY 17, 2021

But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company. Presented by: Motto Mortgage. In exchange, @Properties is offering its marketing department, their proprietary technology @platform, and potential financial assistance in a firm’s expansion.

Brokerage 393

Brokerage Principal Technology Equity 393

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. “We feel good about driving these numbers higher if mortgage rates settle at meaningfully lower levels or if MBS pricing improves.”

Principal 363

Principal Mortgages Lending Equity 363

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 417

Marketing Lending Loans Principal 417

Housing Wire

APRIL 28, 2022

Nonbank mortgage lender and servicer Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, increasing its profits by a factor of four compared to the $155 million recorded in the previous quarter. ” In fact, Mr. Cooper had $96 million pretax operating income in the first quarter of 2022.

Principal 370

Principal Mortgages Equity Closing 370

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. ” Doma saw revenues of $179.8

Title 399

Title Equity Principal Branding 399

Housing Wire

MAY 5, 2021

The decline in profit during the first quarter came partly as a result of the lender’s IPO, which resulted in $59 million in stock grants to its private equity backers and leadership. Complementing our origination strategy is our growing servicing portfolio, which ensures we can serve the customer through the entire mortgage life cycle.

Marketing 347

Marketing Principal Technology Loans 347

Housing Wire

OCTOBER 28, 2020

CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms. The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”.

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Investor Principal Equity Technology 349

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 446

Mortgages Loan Officer Loans Equity 446

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 454

Mortgages Fixed-rate mortgage Equity Loans 454

Housing Wire

MARCH 7, 2024

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 As Graham mentioned, our vision is to make home equity an essential part of a modern, mainstream retirement plan,” Sieffert said.

Mortgages 413

Mortgages Marketing Equity Finance 413

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 383

Lending Banks Bankruptcy Loans 383

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.

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Title Branding Principal Loans 312

Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

Pre-approval 59

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

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.

Mortgages 416

Mortgages Principal Commercial Real-estate owned 416

RIS Media

AUGUST 10, 2021

Moderated by Yannaccone, founder of What Moves Her, this panel of some of the industry’s most savvy women leaders discusses five power moves leaders can make to continue raising the bar for business growth and gender equity in the real estate industry. Elm Street Technology. LoneWolf Technologies. Rocket Mortgage .

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Principal Technology Equity Industrial 98

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 382

Equity Lending Principal Technology 382

RIS Media

JULY 30, 2021

“The unmatched power of Realogy’s strategic progress, innovation through technology, and leading presence in the luxury market, combined with our robust growth investments, position our business to lead into the future.” ” Highlights: – Generated Revenue of $2.3 and senior secured leverage ratio of 0.00x.

Branding 105

Branding Principal Title Equity 105

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

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 407

Banks Mortgages Loan Officer Due diligence 407

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

MAY 1, 2023

This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

FEBRUARY 9, 2024

regulators are monitoring risks stemming from nonbank mortgage lenders, especially failures resulting from market strains. You have to build and invest in technology. Bray said the company will return its focus to equity, which is expected to grow to 14% to 18% by the end of 2025, compared to its current level of 12.5%.

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Loans Principal Equity Banks 406

Housing Wire

AUGUST 2, 2021

Vice President of Technology Services. Nexsys Technologies. Freedom Mortgage. Mortgage Investors Group. Atlantic Bay Mortgage Group. Mortgage Connect. Principal and Chair, Financial Instituions Regulatory Practice Group. MISMO; Mortgage Bankers Association. United Wholesale Mortgage.

Title 395

Title Lending Finance Technology 395

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 267

Mortgages Lending Loans Investor 267

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 407

Equity Loan Officer Loans Mortgages 407

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

Realtor.com

NOVEMBER 23, 2021

“These regions have two big advantages: The weather is relatively warm, and housing is more affordable, says Guy Berger , principal economist at LinkedIn. Unfortunately for the people in Asheville who are trying to get a mortgage, their offer just isn’t competitive.” and Micron Technology both have offices there.

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Industrial Equity As-is Principal 135