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 331

Principal MLS Agents Brokerage 331

Realty Biz

NOVEMBER 30, 2023

RREAF Residential, the property management company under RREAF Holdings LLC, has announced its rebrand to RR Living. French has previously held executive-level multifamily leadership roles for over 20 years, including Executive Vice President, Managing Principal, and President with esteemed national real estate operators.

Residential 88

Residential Principal Property Management Staging 88

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 397

Industrial Title Commercial Banks 397

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 374

Loans Purchase and sale agreement Principal Due diligence 374

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. million first-lien residential mortgages with $2.6 trillion in unpaid principal balance, the report said. compared to 94.2%

Banks 382

Banks Mortgages Principal Short sale 382

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Williams has decades of experience in the real estate industry.

Principal 86

Principal Development Brokerage Residential 86

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. It ranked 8th for residential sales volume, with a total of $46,687,375. 3 rank in Nevada by that measure. The Blankfeld Group came in No.

Principal 371

Principal Technology Equity Residential 371

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 352

Agents Loan Officer Principal Brokerage 352

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Principal among these are: Invested capital “requires” the highest return. exceeds $1.5

Finance 345

Finance Principal Residential Development 345

Housing Wire

NOVEMBER 24, 2020

Homesnap has great relationships, data , software, and tools for residential real estate professionals that are complementary to our existing offerings ,” Florance said. Principal Broker and CEO of Urban District Realty Ryan Fiero said that demand for the product led to the decision to make PROJETO available to more in the industry.

Principal 424

Principal Residential Commercial Development 424

Housing Wire

SEPTEMBER 14, 2021

A principal challenge for the U.S. residential housing market today is inadequate housing supply. Early industry reaction to the suspension was very positive. “Home prices have been accelerating rapidly, with the annual rate of national home price growth at multi-decade highs,” the Treasury release continued. “A

Principal 521

Principal Loans Investor Residential 521

Realty Biz

FEBRUARY 10, 2021

Investors typically focus on either residential or commercial properties. At the same time, interest in residential properties has expanded as residents pursue larger houses and relocate to suburban and rural areas. . Residential Real Estate Investing. Residential properties are typically leased to families and individuals.

Commercial 115

Commercial Residential Investor Finance 115

Housing Wire

JUNE 3, 2022

The major market dynamic making EBO deals attractive now, according to KBRA, is a changing of seasons in the mortgage industry, marked by fast-rising rates , high housing prices and a turn toward a competitive purchase-mortgage market. Its servicing portfolio for all-agency loans based on unpaid principal balance stood at $374.8

Loans 350

Loans FHA loan Principal Marketing 350

Housing Wire

MARCH 23, 2022

The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortgage assets across multiple strategies,” according to a CarVal statement announcing the launch of the REMIC, which will do business as Mill City Loans.

Banks 350

Banks Bankruptcy Loans Investor 350

Housing Wire

AUGUST 9, 2022

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8

Marketing 357

Marketing Bankruptcy Loans Principal 357

Housing Wire

OCTOBER 18, 2022

Sprout was founded in 2009 by industry veteran Michael Strauss and became “one of the fastest growing non-QM lenders in the country,” according to the lawsuit. A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6.

Loans 362

Loans Principal Mortgages Lending 362

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. And reverse purchase financing may finally find its rightful place within these industries,” he continued.

Finance 419

Finance Seller concession Loan Officer Loans 419

Housing Wire

MAY 16, 2022

UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. million), nonbank mortgage lender and servicer New Residential Investment Corp. ($690

Principal 353

Principal Banks Loans Lending 353

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. The volume is slightly lower than in May when it hit a 14-year high of nearly 11% of the overall residential mortgage applications. Mortgage rates have nearly doubled to around 6.5% About 9.1%

Mortgages 401

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 401

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 374

Mortgages Loans Residential Lending 374

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. That’s 20 basis points higher than the international standard.

Mortgages 318

Mortgages Banks Marketing Residential 318

Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. For example, using the API with FICS ’ mortgage servicing software Mortgage Servicer , lenders can maximize their capabilities, ensuring a user-friendly solution for servicers that automates residential servicing operations.

Investor 305

Investor Loans Mortgages Principal 305

Housing Wire

MARCH 10, 2022

The gain-on-sale margin on originations declined from 5% in 2020 to 4.02% in 2021, but at the end of the fourth quarter, it had fallen to 3.47%, generally consistent with industry trends. The company’s unpaid principal balance increased 18% last year to $70.9 In the fourth quarter, volume checked in at $8.8

Marketing 363

Marketing Loans Principal Mortgages 363

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Meanwhile, it will be a long time before the industry sees a traditional refi boom.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Existing home median price appreciation is forecast to slow at 5.4%

Mortgages 411

Mortgages Residential Principal Lending 411

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes.

Equity 380

Equity Fixed-rate mortgage Principal Loans 380

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes.

Equity 374

Equity Fixed-rate mortgage Principal Mortgages 374

Housing Wire

MARCH 20, 2023

Historic housing shortage The unprecedented rate hikes over the past 12 months have exacerbated a historic housing shortage while destabilizing the residential mortgage market. Instead, we will undergo a traumatic reshaping of the industry not seen since the savings and loan crisis of the 1980s.

Banks 359

Banks Mortgages Fixed-rate mortgage Loans 359

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). According to industry leaders, the rule can force a sell-off wave, reduce values and put some lenders and services in a difficult spot.

Marketing 355

Marketing Lending Loans Principal 355

Housing Wire

AUGUST 1, 2023

Through their visionary leadership, they have propelled the industry forward, driving change, fostering inclusivity and taking the reigns as female executives in a traditionally male industry.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

FEBRUARY 2, 2023

However, the company was able to report a profit in an extremely difficult operating environment for residential mortgage originators in addition to seasonally low purchase origination volumes in Q4.” “Pennymac’s decline in profitability from Q3 2022 is credit negative,” Warren Kornfeld, Moody ’s senior vice president, said. trillion to $1.9

Marketing 285

Marketing Banks Principal Loans 285

Housing Wire

JULY 27, 2023

The housing industry hopes so While Powell emphasized any future policy decisions would be made on a meeting-by-meeting basis and that in the current environment, there is expectation that the central bank will pause its rate hike for this year. Last hike of the year?

Construction 352

Construction Mortgages Sales Banks 352

Realty Biz

NOVEMBER 24, 2021

The 3D-printed housing industry is still very early in its development. But even in its earliest stages of development, this innovative technology is promising big changes for the industry. Some of the early housing industry proofs-of-concept were in architectural designs. Please share your insights by leaving a comment.

Industrial 89

Industrial Construction Technology Principal 89

Marco Santarelli

APRIL 16, 2024

In a significant milestone for New Hampshire's housing market , the median sales price for single-family residential homes soared to a record-breaking $500,000 in March. As of March, there were a mere 1,228 single-family residential units for sale in New Hampshire, representing a 2 percent decrease from the previous year. With just 1.3

Principal 105

Principal Residential Development Sales 105

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. Still, a sluggish to slightly better forecast for 2024 beats the hardscrabble path of retrenchment the industry endured in 2023.

Mortgages 397

Mortgages Banks Loans Industrial 397

Housing Wire

JUNE 16, 2022

mortgage industry to fund $4.1 What remains clear for industry observers is that higher mortgage rates will cool down the housing market. Fewer buyers in the industry means margin compression for lenders, which are relying heavily on purchase mortgages coming off a refi boom. trillion in new loans in 2020 and $3.9

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. trillion in unpaid principal balance of agency loans being serviced by lenders. billion.

Marketing 351

Marketing Principal Banks Loans 351