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. In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. million to $23.7

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Purchase and sale agreement Marketing Equity Banks 370

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. She holds an A.B. from Smith College, an M.P.A.

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Principal Development Brokerage Residential 86

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

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Lending Title Mortgages Equity 370

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?

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Equity Short sale Principal Loans 244

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.

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Marketing Lending Loans Principal 409

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 in 2020 to $138.4

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Marketing Principal Banks Loans 381

Housing Wire

DECEMBER 22, 2023

Thus, while we think home sales will start to rise over the new year, the combination of modest increases in home prices and still-elevated interest rates suggest a slow pace of recovery from previously recessionary levels of housing activity.” We’re forecasting right now a fairly strong Q1 for MSR sales.

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Mortgages Banks Loans Industrial 432

Housing Wire

MARCH 1, 2023

That reflects a substantial reduction in new and existing-home sales and refinancing. 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.

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Marketing Banks Mortgages Investor 381

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%

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Banks Loans Mortgages Sales 376

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. We also give them something called a guaranteed sale price,” Cunningham added.

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Title Branding Principal Loans 284

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 KBRA seems to think so as well.

Marketing 366

Marketing Debt-to-income ratio Loans Mortgages 366

Housing Wire

DECEMBER 29, 2023

Matt Weaver , VP of mortgage sales at CrossCountry Mortgage I recently got licensed in the state of Ohio because that’s where I’m from. We look at all that and then we look at the size of the sales team, who we’ve recruited, what we think how much business will pick up. Home equity is really a no-brainer today.

Mortgages 442

Mortgages Loan Officer Loans Equity 442

Housing Wire

DECEMBER 11, 2023

We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We There is a lot more inquiry for home equity line credit. We’ve already seen there is more of a focus on home equity lines of credit and cash out refinances.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

McKissock

NOVEMBER 23, 2021

That’s why we’ve teamed up with RISMedia , the leading provider of the most relevant and up-to-date information related to the residential real estate market. In this piece, Ron Phipps, REALTOR and principal broker of Phipps Realty in Rhode Island, explains that “small business has a significant impact on real estate. Policy News.

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Inspection Principal Equity Agents 52

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 Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2

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Principal Banks Loans Lending 381

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. The bank entered into an agreement to buy $1.8

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Purchase and sale agreement Mortgages Banks Principal 370

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%.” Gain-on-sale margins, however, increased from 1.71% in Q3 2022 to 1.81% in Q4 2022. The origination volume declined to $7.9

Equity 361

Equity Principal Mortgages Loans 361

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.

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Equity Principal Loans Mortgages 84

Housing Wire

AUGUST 2, 2021

Principal and Chair, Financial Instituions Regulatory Practice Group. Head Strategy and Sales. VP, Sales Training. SVP, Enterprise & Strategic Sales. SVP, Residential Servicing Division. Head of Sales & Operations. Courtney Poulos. Broker/Owner; Co-Founder. ACME Real Estate; ACME Real Estate Florida.

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Title Lending Finance Technology 393

Housing Wire

AUGUST 29, 2022

With gain on sale margins expected to be at around 30 to 60 bps in the third quarter, there’s no question UWM is losing money, analysts said. billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it.

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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. million home sales in 2021, according to the company’s annual report filed with the Securities and Exchange Commission. Communicate with me, with the principals in the transaction. And then nothing.

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Title Brokerage Agents Mortgages 75

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. four separate times.

Banks 392

Banks Mortgages Fixed-rate mortgage Loans 392

Housing Wire

APRIL 5, 2022

KBRA views higher levels of equity in the property to be among the best deterrents of default, particularly when home prices come under stress.”. billion note issued against a reference loan pool of 180,002 residential mortgages with an outstanding principal balance of $53.7 billion.

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Loans Investor Equity Principal 375

Housing Wire

OCTOBER 24, 2022

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. Ginnie guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. Stockpiled loans.

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Principal Banks Loans Mortgages 305

Toronto Realty Blog

APRIL 13, 2022

. $5 Million over two years, starting in 2022-23, to the CMHC to bring forward a national plan to end blind bidding, ensure a legal right to a home inspection, and ensure transparency on the history of sales prices on title searches. – Taxing Assignment Sales. Taxing assignment sales is a no-brainer. My Take: No kidding!

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Construction Renovation Development As-is 88

Housing Wire

JANUARY 7, 2021

Blend became the first digital lending platform approved for Freddie Mac’s asset and income modeler program, AIM for Assets, in August 2019, and has reportedly already prepared its systems for the new Uniform Residential Loan Application (URLA) transition set for March. billion. .

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Mortgages Lending Loans Investor 249

Point2Homes

JUNE 23, 2021

In fact, if you have equity in your home but need money for retirement, a reverse mortgage can be one way to access these funds. A reverse mortgage is a loan that uses the equity in your home as collateral for the money the lender pays out to you. Alternatively, your estate could pay the principal borrowed along with the interest due.

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Mortgages Equity Principal Loans 106

Real Trends

NOVEMBER 7, 2022

Your payment for principal and interest would be close to $2,200 a month or $26,400 a year. In the first year, your mortgage payments would break down into about $4,000 paid toward the principal debt balance and $22,400 for interest. . You can learn more and claim the credit using Form 5695, Residential Energy Credits.

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Fixed-rate mortgage Agents Equity Principal 92

HomeLight

JANUARY 29, 2021

A recent survey by Discover Home Equity Loans reveals that 23% of homeowners plan to pay for their renovation with a credit card, 18% with a home equity line of credit (HELOC), 13% with a home equity loan, and 7% with cash-out refinance. Home equity loan and HELOC. Source: (Lukas / Pexels).

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Renovation Loans Equity Construction 98

Marco Santarelli

JULY 11, 2022

The improving economy and the approaching peak homebuying years of millennials are driving a residential housing boom. In May 2022, 25 percent of total sales were made in cash, down from 26% in April and up from the 23% recorded in May 2021. New home sales rebound 10.7% Therefore, sales are predicted to fall further.

Sales 98

Sales Marketing Fixed-rate mortgage Mortgages 98

HomeLight

DECEMBER 1, 2020

If more than a few of these factors ring true to your situation, put the for-sale sign out: You’ve lived in your home long enough to build up some equity. The beauty of homeownership, and the reason experts consider it a core wealth-builder for Americans , is that you build equity over time.

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Equity Renovation Principal Finance 76

HomeLight

FEBRUARY 9, 2023

Austin real estate agent Kristee Leonard , who has 16 years of experience, witnessed a dramatic drop in sales volume and a rise in inventory in parts of the Austin area this fall. Not only does it give you more equity , but it also positions you for a profitable sale.

Equity 91

Equity Renovation Sales Agents 91

Toronto Realty Blog

JANUARY 1, 2022

There are two reasons why we care about rental prices: 1) Because renting is a component of the real estate market, even if most of us only concern ourselves with sales. But I know pre-construction sales agents, I know developers, and I know financiers. Or a residential window-washing company?

Construction 100

Construction Investor Equity Land 100

Marco Santarelli

FEBRUARY 21, 2022

It is easy to find the lists of these tax benefits of real estate investing , like the ability to deduct nearly every expense associated with the real estate or how to qualify to exclude from your income all or part of any capital gain from the sale of your main home. For residential properties, it is calculated in 27.5 Depreciation.

Investor 111

Investor Residential Property Management Mortgages 111

HomeLight

APRIL 30, 2022

Homesnap uses real-time data intelligence to connect residential real estate agents with consumers. The platform also has virtual 3D home tours and interactive floor plans for an immersive experience of a home for sale. The site is a sister company to Rocket Homes.com, which provides homes for sale represented by real estate agents.

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Closing MLS Pre-qualification Due diligence 87

HomeLight

DECEMBER 23, 2021

We also cover common mistakes to avoid as a seller and provide a handy pre-sale checklist of action items you can take on right away. We analyze millions of home sales to find real estate agents who sell homes faster and for more money. Option 2: FSBO (For sale by owner). Do they bring a high level of expertise to the sale?

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Inspection Agents Closing Staging 73

RIS Media

MARCH 2, 2022

Amid the uncertainty, Marty Green, a principal with Texas mortgage law firm, Polunsky Beitel Green, thinks that Russia’s invasion could push the Federal Reserve to adopt a more moderate quarter-point rate increase rather than a previously proposed half-point increase. .”

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Mortgages Banks Principal As-is 98