Housing Wire

APRIL 30, 2024

At the end of March, Rithm had $587 billion in unpaid principal balance, relatively unchanged from the end of December and up 15% year over year. Rithm’s MSRs mark to market contributed $194.5 The first quarter’s earnings were mainly due to the servicing portfolio, which delivered $219.9 million in pretax income. The company lost $48.6

Mortgages 441

Mortgages Equity Principal Finance 441

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgages 409

Mortgages Marketing Banks Investor 409

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. house price growth continued to accelerate in the third quarter, appreciating more than in each of the previous four quarters,” Anju Vajja, principal associate director in FHFA ’s division of research and statistics, said in a statement.

Principal 473

Principal MLS Finance Mortgages 473

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? “The The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. By September, a full-fledged housing market recession had set in. over asking price.

Equity 527

Equity Marketing Loans Bankruptcy 527

Housing Wire

APRIL 24, 2024

Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. After I transitioned into wholesale marketing, we had very few resources. I knew the first thing we needed to do was to combine our training and marketing approach,” he said.

Mortgages 420

Mortgages Loan Officer Principal Loans 420

Housing Wire

MARCH 27, 2024

The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In VA borrowers will be the hardest hit if they have to shoulder buyer-side commissions, said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “VA

VA loan 450

VA loan Loans Principal Mortgages 450

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. Of these, category 2 is the most established.

Finance 421

Finance Principal Residential Development 421

Housing Wire

SEPTEMBER 29, 2023

In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5% the month prior. The median U.S.

Mortgages 508

Mortgages Principal Brokerage Finance 508

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. He also noted that acquisitions can be complicated.

Principal 473

Principal Loans Investor Finance 473

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

Mortgages 431

Mortgages Loans Equity Principal 431

Housing Wire

JULY 20, 2023

The consensus is that the change would primarily affect the shrinking jumbo market (loans greater than $726,200) and hurt regional banks , sources said. According to George, the rule would impact only the jumbo market, a very high credit quality market. That’s 20 basis points higher than the international standard.

Mortgages 370

Mortgages Banks Marketing Residential 370

Housing Wire

SEPTEMBER 1, 2023

primary mortgage servicers in the second quarter of 2023 , according to Inside Mortgage Finance data. billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31. The company estimates its market share at 4.3% of the loan servicing market. Pennymac Loan Services was ranked No. 5 five among the top U.S.

Principal 397

Principal Loans Mortgages Finance 397

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 410

Marketing FHA loan Loans Mortgages 410

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said.

Principal 410

Principal MLS Agents Brokerage 410

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 The loan offering is being marketed with assistance from Citigroup Global Markets Inc. million; and pool 3, $312.9

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.”

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

FEBRUARY 22, 2024

But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market. Executives don’t have a clear answer for why the mortgage sector, mainly servicers, has sustained so many attacks of late, although some believe the problem is related to financial institutions as a whole.

Industrial 458

Industrial Mortgages Investor Technology 458

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 to 72% across the three deals in a market with fast-rising home prices.

Marketing 384

Marketing Debt-to-income ratio Loans Mortgages 384

Housing Wire

SEPTEMBER 19, 2022

Top lenders who were able to quickly build capacity and take advantage of near-zero interest rates were rewarded with an increase in market share. overall market share in 2021, up from 38.9% The post Top 25 lenders increased market share in 2021: HMDA appeared first on HousingWire. The top 25 lenders grew to 43.9%

Marketing 370

Marketing Loans Principal Mortgages 370

Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And now we just did over $110 billion for the month of January.”. “The

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.

Loans 450

Loans Title Finance Lending 450

RIS Media

DECEMBER 6, 2020

Federal Housing Finance Agency (FHFA) Director Mark Calabria issued a statement at the Financial Stability Oversight Council Principals meeting. “As the annual report describes, strong labor markets and house price appreciation created a solid foundation under America’s mortgage finance system at the start of 2020.

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Principal Finance Banks Loans 82

Housing Wire

NOVEMBER 2, 2023

Amid the most challenging mortgage market in decades, Rocket Companies , the parent of Rocket Mortgage , remained profitable in the third quarter of 2023, showing higher margins in the direct-to-consumer and wholesale channels. billion of unpaid principal balance to its portfolio. Rocket’s liquidity improved in Q3 to $8.7

Principal 421

Principal Loans Technology Mortgages 421

Housing Wire

MARCH 28, 2023

Rocket Companies has rolled out its first credit card in order to attract potential homebuyers and existing homeowners into its ecosystem amid one of the most challenging mortgage markets in decades. In turn, homebuyers can use points to get discounts on their closing costs in the future.

Closing costs 410

Closing costs Finance Principal Mortgages 410

Housing Wire

SEPTEMBER 1, 2023

Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward. This year 75 honorees were honored as HW Insiders. Congratulations to the 2023 HW Insiders!

Technology 450

Technology Development Title 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 Industrial 441

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

Mortgages 384

Mortgages Marketing Loans Banks 384

Housing Wire

APRIL 14, 2023

They [Wells Fargo] may have other deals in the market too,” the expert added, “but I’m not as familiar with that since they have been very selective about who these deals get shown to.” billion based on the unpaid principal balance (UPB), down from $679.2 billion — down by some $500 million. billion as of yearend 2022.

Principal 421

Principal Loans Banks Mortgages 421

Housing Wire

JULY 28, 2022

Mortgage rates leading up to June’s Fed rate hike surpassed the 6% level as higher-than-expected inflation data triggered volatility in the market, which led to turbulence in mortgage rates. If mortgage rates peak, Fratantoni said, “potential buyers who had been scared off by the rate spike, might find their way back to the housing market.”.

Marketing 306

Marketing Loan Officer Mortgages Lending 306

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” million of [unpaid principal balance (UPB)] that may not otherwise have been issued in December.” This represents $15.6

Mortgages 450

Mortgages Bankruptcy Principal Finance 450

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. billion in originations, up nearly 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF).

Investor 381

Investor Principal Loans Lending 381

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Amid a difficult housing market, transaction sides still increased 6% year over year to 115,424. For the full year of 2023, revenue reached $4.28

Agents 410

Agents Principal Residential Sales 410

Housing Wire

JUNE 16, 2022

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs).

Finance 384

Finance Principal Design Mortgages 384

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. What is a Turnkey Rental Property?

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

APRIL 24, 2024

“PennyMac Financial reported strong operating earnings in the first quarter, with an annualized operating return on equity of 15 percent in what is expected to be the one of the smallest quarterly origination markets of this cycle,” chairman and CEO David Spector said in a news release.

Lending 421

Lending Loans Principal Equity 421

Housing Wire

MARCH 17, 2022

The rate volatility created by fast-rising inflation, now approaching 8% annualized , and the opposing flight to quality sparked by the war in Ukraine, is complicating an already challenging execution environment in the private-label securities market. And three more hikes are planned for 2023.).

Loans 410

Loans Marketing Due diligence Residential 410

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. Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market.

Fixed-rate mortgage 421

Fixed-rate mortgage Principal Mortgages Investor 421