Housing Wire

NOVEMBER 2, 2022

The housing industry, from servicers to real estate agents and more, will feel the impacts of this year’s hurricane season far beyond 2022. Gibson went on to discuss reform that could help the industry move toward greater resilience in order to be more prepared for the next disaster. 16, 2022, according to FEMA.

Industrial 375

Industrial Seller disclosure Mortgages Principal 375

Housing Wire

MARCH 1, 2023

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. However, the ramifications of climate risk are now being felt throughout the broader industry, especially as a larger and larger percentage of this damage comes in the form of uninsured losses. You build the home to code.

Industrial 371

Industrial Banks Loans Design 371

Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. The industry wants a complete stop.

As-is 366

As-is Industrial Fixed-rate mortgage Mortgages 366

Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

Industrial 353

Industrial Mortgages Principal Loans 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.

Industrial 391

Industrial Mortgages Purchase and sale agreement Banks 391

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. A housing recession is here, Marty Green, principal at Polunsky Beitel Green , emphasized. . As of September, the median home price was $384,800 for existing homes of all types, an 8.4%

Industrial 408

Industrial Mortgages Fixed-rate mortgage Principal 408

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

Principal 375

Principal MLS Agents Brokerage 375

Housing Wire

FEBRUARY 27, 2024

According to its earnings statements, Ocwen has seen mostly positive movement in its reverse mortgage business despite serious challenges in the mortgage industry at large. So, look, we’re excited about forward players getting into this industry.

Principal 385

Principal Mortgages Industrial As-is 385

Housing Wire

MAY 7, 2024

Those who might benefit most are homeowners who want to access capital without affecting their budget or savings, because borrowers have no required principal or interest payments for as long as they are living in the property,” the article said. “A A reverse mortgage could also benefit those who might outlive their retirement savings.”

Mortgages 432

Mortgages Principal Equity Loans 432

Housing Wire

MARCH 6, 2024

Industry remains optimistic Every tracked geographic region recorded lower volume in February, but the largest — Pacific/Hawaii — recorded the least severe drop of 6.2%, according to RMI. It’s great to see the largest region drop less than most others, as that has a disproportionate impact on the overall industry,” Lunde told RMD.

Mortgages 388

Mortgages Seller concession Principal Loans 388

Housing Wire

MAY 9, 2024

Among highlights in the report, the company pointed out that it originated 91% of its loan origination volume from purchase business, which beats a Mortgage Bankers Association (MBA) estimated industry average of 77%. The company’s unpaid principal balance (UPB) in its servicing portfolio also grew by two percent to $86.3

302

302

Housing Wire

MARCH 6, 2024

They also come as the mortgage industry is making efforts to adopt artificial intelligence solutions to improve productivity and better assist customers. Spector highlighted Hogan’s “technological expertise, industry insight and proven ability to manage complex systems” as assets to Pennymac’s IT transformation. “Mr.

Technology 404

Technology Principal Commercial Mortgages 404

Housing Wire

MARCH 29, 2024

These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit. Form 1003 “is also used in the mortgage industry by government sponsored enterprises to originate conventional mortgages,” the notice stated.

Mortgages 381

Mortgages VA loan Principal Loans 381

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement.

Principal 418

Principal Brokerage Agents Technology 418

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor 405

Investor Bankruptcy Finance Equity 405

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna has more than 20 years of experience in the real estate industry and a background that spans both real estate law and business. Williams has decades of experience in the real estate industry.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

FEBRUARY 22, 2024

The company reduced its cost structure by nearly 20% in 2023 following a nearly 25% reduction in 2022, but lower origination volume failed to keep the company profitable as the industry is still going through a challenging period for mortgage lending. The unpaid principal balance in its servicing book increased to $509 billion as of Dec.

Mortgages 429

Mortgages Principal Lending Loans 429

Housing Wire

MARCH 25, 2024

California-based multichannel mortgage lender HighTechLending appointed reverse mortgage industry veteran Brian Boccia to serve as a senior account executive in its third-party origination (TPO) channel. Whether or not that makes a big, significant impact to the principal limit, I’m not sure.”

Mortgages 428

Mortgages Principal Industrial Sales 428

Housing Wire

SEPTEMBER 26, 2023

The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. Prior to her career in real estate, Quinn worked as a recruiter and project manager in the healthcare technology industry. Quinn & Co. Compass launched in Wisconsin in 2021 and operates eight offices with 161 agents.

Principal 395

Principal Technology Agents Industrial 395

Housing Wire

NOVEMBER 15, 2023

With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller. He takes over at a critical point in the real estate industry. That’s Mark Willis.” All three parties plan to appeal.

Brokerage 429

Brokerage Principal Industrial Agents 429

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. Concerns over the existing VA policies have been echoed among mortgage professionals.

VA loan 450

VA loan Loans Principal Mortgages 450

Housing Wire

MAY 9, 2024

Despite a challenging operating environment and broader concerns among industry professionals about connecting with new borrowers, the reverse mortgage industry’s key performance indicators showed improvements last month. Home Equity Conversion Mortgage (HECM) endorsements increased by 2.3% compared to the prior month.

211

211

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 432

Principal Loans Investor Industrial 432

Housing Wire

NOVEMBER 7, 2023

Servicing loanDepot’s unpaid principal balance increased to $143.9 CFO David Hayes said that in the quarter, the company sold excess agency mortgage servicing rights related to unpaid principal balances totaling $12 billion, resulting in a gain of $4 million. billion as of Sept. 30, 2023, from $142.5 billion as of June 30, 2023.

Principal 418

Principal Loans Sales Mortgages 418

Housing Wire

DECEMBER 14, 2023

The five other seat winners included Kristen Carr, the vice president of strategic integrations at Realtors Property Resource ; Matt Cohen, a principal at CoreLogic ; Bob Evans, a senior vice president of industry relations at Move ; Joseph Szurgyi, the CEO of MLS Grid ; and Michael Wurzer, the president and CEO of FBS.

MLS 395

MLS Technology Principal Industrial 395

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae.

Principal 354

Principal Development Finance Industrial 354

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 Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats.

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

MAY 9, 2024

“I said we expected 2024 to be a better year for the housing and mortgage industries, and the first quarter supports what I expected.” billion in unpaid principal balance (UPB), compared to $299.5 ” UWM originated $27.6 billion in mortgages in the first quarter, higher than the $24.3

Sales 246

Sales Principal Loans Mortgages 246

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. Running the numbers for people illuminated terms that revealed either zero or not enough benefit based on rates and principal limit factors, but that has slowly started to shift.

Mortgages 407

Mortgages Principal Loans Loan Officer 407

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Sales 373

Sales Loan Officer Principal Loans 373

Housing Wire

NOVEMBER 8, 2023

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages. billion in unpaid principal balance as of Sep. Guild reported a $54.2

Principal 408

Principal Loans Mortgages Industrial 408

Housing Wire

JULY 18, 2023

Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. Whitfield and Wilbanks are both leaving Compass to join The Agency.

Agents 368

Agents Loan Officer Principal Brokerage 368

Housing Wire

OCTOBER 19, 2023

. “Working together as one group combines a vast range of industry backgrounds that contribute to expertise in every category of real estate.

Principal 402

Principal Technology Equity Residential 402

Housing Wire

JULY 1, 2022

Most industry observers predicted that the national foreclosure rate would rise once foreclosure moratoriums ended on July 31, 2021. of the loans modified included a principal deferral, the OCC said. trillion in unpaid principal balance, the report said. year-over-year to 2,410, the OCC found. compared to 94.2% last year.

Banks 384

Banks Mortgages Principal Short sale 384

Housing Wire

APRIL 19, 2022

The administration said that the new loss mitigation option could be an alternative for borrowers who cannot reduce their principal and interest payments by 25% through FHA’s existing 30-year mortgage modification with a partial claim. Comments from the mortgage industry are due by May 31.

Loans 496

Loans Principal Mortgages Real-estate owned 496

Housing Wire

JANUARY 30, 2024

But the MSR market also appears to be in the midst of a rebalancing act marked by the growth of third-party private capital and an overall consolidation of market players, according to some industry experts. Mike Carnes, managing director of the MSR valuation group at Mortgage Industry Advisory Corp.

Marketing 372

Marketing Principal Banks Loans 372

Brownstoner

AUGUST 6, 2021

Mark’s Comics Reopens in Industry City [BP] Some Public School Buildings May Not Be Able… Read More > The post Daily Links: Principals Say Public Schools May Not Be Able to Social Distance Due to Overcrowding appeared first on Brownstoner.

Principal 75

Principal Industrial 75