Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Investor 421

Investor Bankruptcy Finance Equity 421

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. Potential partnerships Home equity investments are likely to become essential to the home finance product marketplace.

Equity 440

Equity Finance Purchase and sale agreement Investor 440

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.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investor 419

Investor As-is Commercial Equity 419

Housing Wire

FEBRUARY 13, 2025

Kiavi reported that the offered notes were “oversubscribed by five times its capacity” as institutional investors showed interest. The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. million received a 21.8%

Land 210

Land Investor Principal New Construction 210

Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Like VA loans, which are popular with investors but not homesellers , the benefit would allow the borrower to skip the down payment altogether.

FHA loan 473

FHA loan VA loan Loans Loan Officer 473

Housing Wire

MAY 17, 2021

A Federal Housing Finance Agency (FHFA) report highlighted the perils of low-rates for Fannie Mae and Freddie Mac ’s single-family Credit Risk Transfers. Despite heightened investor uncertainty during the onset of the pandemic, GSE-backed mortgages have outperformed expectations, the report notes.

Principal 377

Principal Investor Mortgages Finance 377

BAM Media

JANUARY 8, 2025

As a real estate agent, you know how critical financing is to the success of any property transaction. But did you know that the type of financing you choose can significantly impact your bottom line? Lets dive into how lending fees and interest rates can affect your investmentsand how seller financing can help you save big.

Finance 59

Finance Investor Lending Loans 59

Housing Wire

JUNE 11, 2024

Cooper issued senior notes to qualified investors in January that will mature in 2032 and will bear interest at 7.125% per year, paid semiannually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. The new debt will pay 8.75% — an incremental 0.5%

Principal 454

Principal Mortgages Finance Investor 454

Housing Wire

SEPTEMBER 10, 2024

Rocket aims to double its current market share in purchase mortgages from 4% to 8% and expand its refinance share from 12% to 20%, executives said during the company’s first Investor Day event on Tuesday. billion in unpaid principal balance (UPB) at the end of the second quarter. Rocket originated $42.3 billion). “The

Mortgages 431

Mortgages Marketing Principal Technology 431

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

Loans 419

Loans Renovation Principal Finance 419

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The deal drew significant interest from institutional investors. billion since it launched its securitization program in 2019.

Closing 374

Closing Principal Investor Residential 374

Housing Wire

OCTOBER 11, 2023

The deal will add a mortgage servicing rights (MSR) portfolio of about $136 billion in unpaid principal balance to Rithm. mortgage lender in the first half of 2023, with a production of $17 billion in loans, per Inside Mortgage Finance data. 10-12 at the Hyatt Lost Pines.

Principal 471

Principal Loans Finance Investor 471

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 420

Commercial Brokerage Due diligence Title 420

Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 billion, according to a presale report by Kroll Bond Rating Agency (KBRA). billion for the $12.2

Principal 421

Principal Loans Residential Investor 421

Housing Wire

APRIL 7, 2021

These results are notable considering the sheer speed and impact the pandemic had on the mortgage finance industry. According to Black Knight , servicers have advanced almost $19 billion in unpaid principal and interest to investors in the past year. In a flash, millions of Americans lost their jobs and incomes.

Mortgages 488

Mortgages Principal Loans Finance 488

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending 268

Lending Technology Title Development 268

Housing Wire

MARCH 5, 2024

“There have been at least half a dozen cybersecurity attacks that were successful within housing finance in the last several months; we’ve had to deal with some of those issues directly ourselves and to others we work with,” Sam Valverde, principal executive vice president at Ginnie Mae, said during a regulatory session at the conference.

Principal 427

Principal Finance Investor Mortgages 427

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 Fannie Mae attempts to sell its reperforming loans to investors, nonprofits and public-sector organizations.

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 450

Technology Title Development Lending 450

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

Principal 441

Principal Loans Investor Banks 441

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion note offering issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 The credit risk transfer (CRT) offering, STACR 2022-DNA4, involves a $1.5

Principal 370

Principal Fixed-rate mortgage Residential Loans 370

Housing Wire

JUNE 28, 2022

The offering includes a two-year revolving term during which principal payoffs on the underlying loans can be reinvested in purchasing additional newly originated loans. billion in originations, up nearly 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF). .” homes are over 30 years old.”

Principal 363

Principal Investor Loans Lending 363

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Reputational risk Mortgage companies, tech vendors and investors are taking steps to protect their systems. It could disrupt the cash flow to investors, Fitch said.

Industrial 455

Industrial Mortgages Investor Technology 455

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 The initial STARC deal of this year, STACR 2022-DNA1, was a $1.4

Principal 370

Principal Loans Investor Residential 370

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

Commercial 391

Commercial Finance Branding Principal 391

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

Mortgages 375

Mortgages Loan Officer Loans Investor 375

Housing Wire

JULY 19, 2024

The new term sheet details several differences from the current HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB). Ginnie Mae has] been very transparent about how securities are meant to support both issuers and investors,” he said.

Development 428

Development Industrial Mortgages Fixed-rate mortgage 428

Housing Wire

FEBRUARY 28, 2022

The Federal Housing Finance Agency (FHFA) proposed some key changes to requirements for single-family seller servicers that do business with the enterprises. The lowest minimum liquidity requirement — for those servicers who are only obligated to pay whatever interest and principal the borrower pays — would be set at 3.5 basis points.

Principal 396

Principal Loans Industrial Banks 396

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 504

Banks Lending Loans Principal 504

Housing Wire

DECEMBER 15, 2021

Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs. Another 11 existing venture investors, such as White Star Capital and Kingsway Capital , followed on in the round. According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal.

Mortgages 421

Mortgages Lending Banks Investor 421

Housing Wire

OCTOBER 26, 2021

Existing investors TTV Capital , Prudence , and Rotor Capita l participated in the round, as well as Wells Fargo Strategic Capital. A source told Bloomberg that the latest financing – split between $28.5 The company will not own the loans but sell to investors, picking up the spread. appeared first on HousingWire.

Mortgages 384

Mortgages Loans Principal Investor 384

Housing Wire

MAY 10, 2023

” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. Did you hear that sound? That’s the entire mortgage industry shouting, “hip, hip hooray!” ”

FHA loan 538

FHA loan Loans Principal Mortgages 538

Housing Wire

DECEMBER 13, 2024

Instead, it would be similar to Ginnie Mae HMBS (backed by FHA -insured reverse mortgage loans), where the investor is paid an accrued sum at the time the loan resolves. The trade group acknowledged that investor demand for such a product is likely to be small, but this doesnt mean it couldnt make a difference.

Bankruptcy 365

Bankruptcy Loans Investor Banks 365

Housing Wire

SEPTEMBER 14, 2023

This team during my tenure has done the yeoman’s work of really amplifying, collecting and gathering all the loan-level data that is in our securities to be able to disclose that data to investors, so they really understand what’s in the pools that they’re buying and what they’re investing in.”

Principal 406

Principal Investor Loans New Construction 406

Housing Wire

MAY 2, 2022

As measured by the share of median income required to make the principal and interest payment on the average-priced home bought with 20% down, U.S. Potential borrowers who’ve been priced out of the housing market need to be able to compete with an increasingly growing share of cash buyers and investors who are beating them in bidding wars.

Fixed-rate mortgage 421

Fixed-rate mortgage Principal Mortgages Finance 421

Housing Wire

JULY 26, 2024

Coinciding with the effective date for a previously announced reverse stock split, the price for shares of leading reverse mortgage lender Finance of America (FOA) stood well above the minimum threshold the New York Stock Exchange (NYSE) requires to maintain trading activity. at the end of trading on Thursday to $7.19

Principal 409

Principal Finance Investor Mortgages 409

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Finance 419

Finance Residential Principal Development 419