Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 315

Industrial Residential Mortgages Investor 315

Housing Wire

FEBRUARY 21, 2024

Pretium’s new fund came on the heels of private equity giant Blackstone’s decision in January to acquire Tricon Residential in a deal valued at around $3.5 But 2024’s deals show investor interest has persisted. Tricon owns more than 37,000 homes and is building about 2,500 more. With the U.S.

Investor 422

Investor Construction Commercial Sales 422

Broke Agent Media

JANUARY 12, 2023

New Western released their latest report, showing investors remain confident in residential real estate investment for 2023. The report also revealed an increase in younger investors as Gen Z is expected to represent 30% of the U.S. for both fix-and-flip and fix-and-rent residential real estate investment properties.

Residential 98

Residential Investor Renovation Mortgages 98

Housing Wire

SEPTEMBER 14, 2022

A recent market report by digital mortgage exchange and loan aggregator MAXEX notes that the ongoing economic volatility “has had a profound effect on the housing industry.”. Boston — Higher interest rates cooled home-buying demand, leading to fewer closed sales in the First District’s residential real estate markets.

Industrial 369

Industrial Construction Residential Mortgages 369

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. The post Tech firm Polly bulks up to help modernize mortgage industry appeared first on HousingWire.

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Industrial Mortgages Lending Investor 312

Housing Wire

APRIL 17, 2024

Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.

Mortgages 450

Mortgages Fixed-rate mortgage Banks Residential 450

Housing Wire

MAY 24, 2024

Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday. Mele played a pivotal role in CoStar’s strategy to dominate the residential real estate sector, advocating for the “your listing, your lead” philosophy.

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Residential MLS Investor Agents 316

Housing Wire

MARCH 27, 2024

ClearAVM offers precise property valuations, empowering property investors and asset managers to make well-informed decisions regarding investment, management and underwriting. Single-family rental (SFR) investors also rely on AVMs to assess asset portfolios, guide leasing and sale decisions, and ensure thorough due diligence. “We

Due diligence 372

Due diligence Investor Residential Commercial 372

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 363

Commercial Brokerage Due diligence Title 363

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. The post Finance of America asks investors to look beyond traditional mortgage appeared first on HousingWire.

Finance 359

Finance Investor Mortgages Commercial 359

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. The convergence of homeowner requirements and investor incentives has resulted in a genuine inflection moment for home equity investments (HEIs).

Equity 353

Equity Investor Residential Finance 353

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. Over the past two weeks, investors have considered Treasures a safe haven amid the banking system turmoil.

Industrial 362

Industrial Mortgages Purchase and sale agreement Banks 362

Housing Wire

DECEMBER 9, 2022

For many in the industry, access to market data provides a necessary glimpse of what’s-to-come in housing. This dataset shows who is originating residential loans, where and with which loan products, partners and at what volume. This data allows them to pivot strategies based on their insights.

Industrial 362

Industrial Equity Loans Mortgages 362

Housing Wire

DECEMBER 5, 2023

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. Investors included Blumberg Capital , Gaingels , Moderne Ventures , QED Investors , Viola FinTech , and Zillow founder, Spencer Rascoff’s venture firm 75 & Sunny.

Equity 357

Equity Investor Technology Residential 357

Housing Wire

FEBRUARY 27, 2024

Pretium Partners , one of the nation’s largest investors in nonagency residential mortgages, announced the signing Tuesday of a strategic partnership with Hunter Point Capital (HPC) that is designed to support Pretium’s long-term growth.

Residential 324

Residential Banks Investor Design 324

Realty Biz

DECEMBER 18, 2023

Today, New Western, the largest national private real estate investment marketplace, published The Flip Side: Residential Real Estate Investing Trends for 2024 report on the sentiment of single-family real estate investors and the perceptions of first-time home buyers regarding the housing market. Rick Palacios Jr.,

Residential 94

Residential Investor Construction Mortgages 94

Housing Wire

APRIL 18, 2024

ACES Quality Management , a fintech that provides quality-control software for the financial services industry, issued a Mortgage QC Industry Trends report with data through Q3 2023. It makes sense that the investors are asking lenders to ward off as many problems as possible [via QC efforts] before a loan is made.

Loans 360

Loans Due diligence Investor Technology 360

Housing Wire

APRIL 29, 2024

First American First American was the first to announce its results, hosting an earnings call with investors and analysts last Wednesday. Market conditions in the real estate and mortgage industries continued to be a challenge in the seasonally weak first quarter. During Q1 2024 , First American recorded a total of $1.4

Title 344

Title Purchase and sale agreement Commercial Investor 344

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 350

Equity Technology Investor Lending 350

Housing Wire

JULY 6, 2022

The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said.

Mortgages 493

Mortgages Investor Loans Residential 493

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. Elections and an inflationary market create challenging times for the mortgage industry,” Suri said in a statement. “AI On loans that exhibited problems, the analysis found an average of 2.22 billion in 2023.

Loans 426

Loans Title Commercial Closing 426

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Residential 424

Residential Loans Industrial Branding 424

Housing Wire

SEPTEMBER 22, 2023

To help homeowners explore their home equity options, lenders, investors and others in the industry should consider leveraging tech-backed services. Timely, cost-effective and more accurate property pricing estimates are an important part of any institution’s strategy to help minimize risk in residential markets.

Equity 361

Equity Inspection Technology Residential 361

Housing Wire

MARCH 19, 2021

Analysis of millions of pieces of disparate data informs nearly every decision made involving residential real estate. Data is available to predict risk to properties from climate change, natural disasters, typical storms and environmental hazards such as exposure to chemicals from nearby industries or previous industrial use.

Investor 489

Investor Residential Industrial Development 489

Housing Wire

FEBRUARY 9, 2023

A regulator in Illinois has suspended the MLO license of industry veteran Michael Strauss and the license for his mortgage company, Smart Rate Mortgage, essentially blocking the company from operating in the state, according to the Nationwide Multistate Licensing System (NMLS). Strauss’s MLO license in the state was issued on December 28.

Residential 304

Residential Investor Finance Banks 304

Realty Biz

FEBRUARY 10, 2021

Investors typically focus on either residential or commercial properties. The COVID-19 pandemic has affected each category of real estate, which affects investors. At the same time, interest in residential properties has expanded as residents pursue larger houses and relocate to suburban and rural areas. .

Commercial 115

Commercial Residential Investor Finance 115

Housing Wire

JULY 8, 2022

House Financial Services Committee’s Subcommittee on Oversight and Investigations (the subcommittee), was sent to the following companies: Invitation Homes ; American Homes 4 Rent ; FirstKey Homes (owned by Cerberus Capital Management ); Progress Residential (owned by Pretium Partners ); and Amherst Residential.

Equity 392

Equity Residential Investor As-is 392

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. For example, bank regulators in July released a plan to increase capital requirements for residential mortgages, the Basel III Endgame rules. We don’t originate residential mortgages.

Equity 313

Equity Banks Investor Residential 313

Realty Biz

JANUARY 28, 2022

Home inventory shortages were cited as the number one challenge by 63% of residential real estate investors in a recent survey. It concludes that the residential real estate market is no longer as healthy as it was last year. Both investors and home buyers are suffering from the reduced options available.

Investor 113

Investor Residential As-is Industrial 113

Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Stephens analyst John Campbell said that this is the part of Zillow’s business that investors should be focused on. “If

MLS 358

MLS Residential Agents Industrial 358

Housing Wire

AUGUST 6, 2020

. “We are excited to be joining the Intercontinental Exchange family and having the opportunity to work closely with Simplifile and MERS in helping our industry to realize the true digital mortgage,” said Jonathan Corr, president and CEO of Ellie Mae. “We residential mortgage industry.”. Based in Pleasanton, Calif.,

Residential 529

Residential Equity Mortgages Industrial 529

Housing Wire

AUGUST 15, 2023

. • The other major tailwind for the non-QM lending market has been the turmoil in the banking sector, including a spate of bank failures earlier this year; upward pressure on deposit rates, set against low-return portfolio assets, such as legacy residential mortgage-backed securities (RMBS); and increased regulatory-capital pressures. “I

Lending 314

Lending Banks Investor Loans 314

Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. By utilizing APIs, lenders and servicers can automate their processes and eliminate much manual labor, allowing them to deliver loan information to borrowers and reporting to investors more quickly and accurately.

Investor 305

Investor Loans Mortgages Principal 305

Housing Wire

JUNE 13, 2023

The first quarter of 2023 proved a tough market for everyone in the housing industry, including institutional buyers of single-family rental (SFR) properties, but there are signs the second quarter of this year has been far more buoyant for these so-called “Wall Street” players. One clue to that resurgence is a $1.5

Marketing 306

Marketing Investor Residential Sales 306

Housing Wire

JULY 5, 2022

Property valuation API and risk assessment API, released late last month, connect directly into existing systems through a single integration for lenders, investors and system providers, the company said in a news release. . The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

Residential 344

Residential Investor Finance Technology 344

Housing Wire

JANUARY 29, 2024

HousingWire recently spoke with Jonathan Willen, chief revenue officer at LERETA , about the upcoming escrow wave, the rising threat of cyber attacks on servicers and what trends he’s seeing in the industry this year. Our industry is now facing two new threats that are anything but normal.

Commercial 346

Commercial Residential Technology Industrial 346

Broke Agent Media

APRIL 26, 2023

BAM Key Details: A new Redfin report finds real estate investors lost money on about one of every seven (13.5%) U.S. A new Redfin report shows real estate investors losing money on close to one of every seven (13.5%) U.S. And while most of these investors still managed to reap gains on their properties, those gains have gotten smaller.

Investor 98

Investor Sales Mortgages Closing 98