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.

Mortgages 436

Mortgages Banks Loans Industrial 436

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals.

Agents 405

Agents Construction Design Branding 405

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

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

JULY 28, 2022

Still, mortgage rates are significantly higher now compared to one year ago, which is why home sales have been falling.”. Sales of newly built homes fell more than 8% in June from the prior month and were 17% lower than June 2021, according to the U.S. “It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 304

Marketing Loan Officer Mortgages Lending 304

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% Bottom Line.

Equity 244

Equity Short sale Principal Loans 244

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. Making the Transition From Residential Agent to Commercial Agent. How Much Does Getting Your CCIM Cost in 2020? 4 Steps to Getting Your CCIM in 2020.

Residential 102

Residential Design Agents Commercial 102

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

Loans 350

Loans Marketing Due diligence Residential 350

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Please speak to a Sales Representative for details. Just … wow.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

FEBRUARY 8, 2022

Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. The option is limited to purchase transactions, secured by a one-unit principal residence with a loan-to-value ratio of no more than 90%.

Loans 370

Loans Principal Mortgages Industrial 370

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.

Title 284

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 368

Marketing Debt-to-income ratio Loans Mortgages 368

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 377

Banks Loans Mortgages Sales 377

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. We recently sat down with Marki to discuss her real estate career past and present.

Short sale 93

Short sale Investor Technology Principal 93

Broke Agent Media

MAY 19, 2023

Last week, the Federal Housing Finance Agency (FHFA) announced its decision to rescind upfront fees for loan-level pricing adjustments (LLPAs) based on borrowers’ debt-to-income (DTI) ratios. But for the National Association of Realtors® (NAR), that action alone isn’t enough.

Mortgages 75

Mortgages Principal Finance Commercial 75

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Commercial 414

Commercial Brokerage Due diligence Title 414

Realty Biz

MARCH 3, 2022

Ron Cika, who serves as principal broker, founded the firm in 2000 and thereafter started Nexstar Title and Escrow in 2008, US Assurance Insurance Agency in 2020 and Millennium Mortgage in 2021. The newly combined operations now comprised three offices with more than 475 agents responsible for $300 million in sales volume in 2021.

Branding 73

Branding Principal Brokerage Title 73

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 383

Mortgages Loans Residential Lending 383

Housing Wire

SEPTEMBER 16, 2022

Another single-family rental (SFR) securitization deal sponsored by a large institutional player, Progress Residential , is slated to hit the private-label market this month, bringing the total securitization-deal count for Progress to seven so far this year. billion; FirstKey Homes , $10 billion; Amherst Residential , $6.3

Residential 383

Residential Loans Principal Mortgages 383

Housing Wire

JULY 27, 2023

High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. Existing home sales dropped to a seasonally adjusted annual rate of 4.16 Year-over-year, sales dipped 18.90% from 5.13 million in June from the previous month.

Construction 370

Construction Mortgages Sales Banks 370

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

Principal 382

Principal Banks Loans Lending 382

Marco Santarelli

DECEMBER 22, 2020

On the courthouse steps, this property will be auctioned for sale. As long as you comply with the timing and the noticing, then that sale goes through. interest rate and how much of your payment is used to pay the principal (or balance). There are both commercial and residential mortgage notes, and both are open to investors.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Real Estate Finance HQ

SEPTEMBER 5, 2017

The first time I got a rental property under contract, everybody told me: “we don’t do mortgages for non-owner occupied residential houses.” Residential Mortgages for Investors. Residential mortgages are generally fixed for 15 to 30 years. Note: you can also get a commercial mortgage in your personal name.).

Mortgages 40

Mortgages Investor Commercial Residential 40

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 417

Principal Loans Investor Mortgages 417

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. I have a lot of connections in Ohio.

Mortgages 446

Mortgages Loan Officer Loans Equity 446

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Principal and Chair, Financial Instituions Regulatory Practice Group. Head Strategy and Sales. VP, Sales Training.

Title 395

Title Lending Finance Technology 395

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. Here’s one example of lack of clarity around RESPA.

Title 75

Title Brokerage Agents Mortgages 75

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 “It’s too early to tell December figures but we closed about 5% more transactions last month compared to November 2022.

Mortgages 454

Mortgages Fixed-rate mortgage Equity Loans 454

McKissock

MARCH 8, 2022

Additionally, note that in these Fannie Mae and Freddie Mac desktop appraisals, the appraiser does not visit the neighborhood or observe the comparable sales from the street. The loan must be for a purchase transaction, with the loan-to-value (LTV) ratio less than or equal to 90%, and the loan is secured by a one-unit principal residence.

Inspection 88

Inspection MLS Technology Loans 88

HomeLight

APRIL 19, 2021

Being able to afford a home in this swanky NYC borough means enjoying unparalleled access to the world’s preeminent nexus of culture, cuisine, architecture, and finance. to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits.

Earnest money deposit 62

Earnest money deposit Inspection Due diligence Agents 62

Housing Wire

JUNE 1, 2023

A recent report by Kroll Bond Rating Agency (KBRA) shows that issuance of private-label prime, nonprime and credit-risk transfer residential mortgage-backed securities (known as RMBS 2.0) Those figures reflect a substantial reduction in new and existing-home sales and refinancing.

Mortgages 380

Mortgages Loans Loan Officer Investor 380

Housing Wire

AUGUST 9, 2023

Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 Typically, borrowers didn’t have to start repaying the principal for a decade. 94%), Redwood Residential Acquisition Corp. (90%), billion in non-agency jumbo mortgages. year over year. billion, down 29.5%

Banks 364

Banks Marketing Loans Mortgages 364

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. With the gain-on-sale margin of 99 bps, when you cut 50 bps off of that, you’re in negative territory pretty quick.”. billion in unpaid principal balance, down 11% quarter over quarter.

Equity 407

Equity Loan Officer Loans Mortgages 407

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Industrial 407

Industrial Title Commercial Banks 407

The Close

APRIL 29, 2022

The state of Florida requires those seeking a Real Estate Sales Associate designation to: Be at least 18 years old Have a Social Security number Have a high school diploma. You must provide the Livescan provider with the correct code (Real Estate Sales and Brokers—FL920010Z) when submitting your fingerprints. Residential mortgages.

Agents 52

Agents Brokerage Pre-qualification Pre-approval 52

Housing Wire

JANUARY 11, 2022

Investors receive principal and interest payments on the CRT notes they purchase, but if credit losses exceed a predefined threshold per the security issued, then investors are responsible for absorbing the losses exceeding that mark. RMBS at Fitch Ratings. The initial CRT deal of 2022, CAS 2022-R01 , involves a $1.5

Investor 399

Investor Loans Principal Mortgages 399

HomeLight

NOVEMBER 30, 2021

Even while the average sales price of a house rose by almost 20% year-over-year between August 2020 and August 2021 , the number of homes available for sale fell by more than 4%, and single-unit residential housing declined in supply from 2.1 Southeast Texas Housing Finance Corporation ( SETH ).

Closing costs 95

Closing costs Loans Principal Finance 95

Real Trends

NOVEMBER 7, 2022

Here are nine ways buying, owning and selling a home cuts taxes and improves your overall finances. 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. .

Fixed-rate mortgage 92

Fixed-rate mortgage Agents Equity Principal 92