Housing Wire

JUNE 3, 2022

Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. The loans in the offering were all originated through the Federal Housing Administration (FHA) and later securitized through Ginnie Mae. In total, 99.3%

Loans 397

Loans FHA loan Principal Marketing 397

Housing Wire

AUGUST 13, 2024

Kiavi , a San Francisco-based lender for residential real estate investors , announced on Tuesday the closing of a $400 million rated securitization of residential transition loans (RTLs) in an “oversubscribed” transaction. The notes are backed by 659 mortgage loans with a total principal balance of approximately $168 million.

Investor 420

Investor Principal Mortgages Residential 420

Housing Wire

JUNE 5, 2024

Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac , but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to recently released data and public filings. Breaking it down There was a total of $335.6

Loans 419

Loans Mortgages Industrial Principal 419

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 The average loan balance in the reference pool is $315,272, with the maximum balance at $1.56

Principal 421

Principal Loans Investor Residential 421

Housing Wire

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Those loans are going to be 20 points underwater, for the 3% to 3.5%

Loans 384

Loans Debt-to-income ratio Banks Mortgages 384

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 386

Loans Marketing Residential Due diligence 386

Housing Wire

JULY 11, 2024

Rocktop — a software-as-a-service (SaaS) company that works to improve yields for institutional investors , asset managers and other participants in the fixed-income and mortgage markets — has now placed more than $60 billion in unpaid principal balance (UPB) on its data management platform. billion in UPB. “Our

Due diligence 410

Due diligence Mortgages Investor Technology 410

Housing Wire

AUGUST 15, 2024

Fitch Ratings said in a report that SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000. billion in unpaid principal balance (UPB). SPS announced a deal in September 2022 to acquire some of the assets of Texas-based Rushmore Loan Management Services.

Investor 450

Investor Mortgages Banks Principal 450

Housing Wire

FEBRUARY 13, 2025

San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans.

Land 213

Land Investor Principal New Construction 213

Housing Wire

AUGUST 14, 2024

billion in unpaid principal balance (UPB). Salt Lake City-based SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000, according to Fitch Ratings. billion), and 26,500 agency and owned loans ($4.4 billion), and 26,500 agency and owned loans ($4.4

Banks 410

Banks Closing Principal Residential 410

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 billion secured by single-family mortgage reference loan pools valued in total at $156.9 billion secured by single-family mortgage reference loan pools valued in total at $156.9

Principal 370

Principal Fixed-rate mortgage Residential Loans 370

Housing Wire

MARCH 1, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 427

Closing Investor Principal Residential 427

Housing Wire

OCTOBER 3, 2024

The transaction involves the loan insurance firm Securent Risk Retention Group along with its data, brokerage and services business, Risk and Insurance Services. It comes as Securent seeks capital to invest in rising-demand products, especially in the residential mortgage-backed securities (RMBS) space.

Mortgages 419

Mortgages Principal Residential Brokerage 419

Housing Wire

JULY 1, 2022

were “combination modifications,” where interest rate reductions and term extensions are applied to a loan to help bring down a borrowers mortgage payment. of the loans modified included a principal deferral, the OCC said. million first-lien residential mortgages with $2.6 million first-lien residential mortgages with $2.6

Banks 384

Banks Mortgages Principal Renovation 384

Housing Wire

APRIL 8, 2022

billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 As a result, KBRA applied a broad valuation haircut to such loans.”. of the loan pool.

Principal 384

Principal Loans Residential Investor 384

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 379

Closing Principal Investor Residential 379

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. About half of its loans were originated in California. The company is licensed in 32 states.

Sales 428

Sales Mortgages Principal Equity 428

Housing Wire

APRIL 26, 2024

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. Adverse delinquencies (loans 60 to 89 days past due) remained at 0.4%, consistent with February 2023.

Mortgages 484

Mortgages Staging Principal Loans 484

Housing Wire

MAY 30, 2024

In March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report. Adverse delinquencies (loans 60 to 89 days past due) stood at 0.4%, up from 0.3% in March 2023. in March 2023.

Mortgages 449

Mortgages Staging Principal Loans 449

Housing Wire

APRIL 19, 2024

The government mortgage bond guarantor incorporated expanded its payment default status (PDS) reporting, including loan default information, any mitigation actions taken and the timing of these actions. Department of Veterans Affairs (VA).

Principal 416

Principal Loans Residential Mortgages 416

Housing Wire

OCTOBER 1, 2024

Annaly has $75 billion in assets invested across its agency mortgage-backed securities (MBS), residential credit and MSR strategies. It has built an MSR platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8 million loans, generating about $1.4 million loans, generating about $1.4

Closing 407

Closing Principal Loans Finance 407

Housing Wire

MAY 6, 2024

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans.

VA loan 421

VA loan Principal Residential New Construction 421

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 of the loans; Rocket Mortgage , 8.1%; Wells Fargo , 6.6%

Principal 370

Principal Loans Investor Residential 370

Housing Wire

MARCH 29, 2024

The first is for the HECM anti-churning disclosure, which is designed to protect borrowers from unnecessary loan refinancing. 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.

Mortgages 419

Mortgages VA loan Principal Loans 419

Housing Wire

JULY 28, 2023

billion of single-family residential loans at a discount, according to the outlet. Banc of California said Tuesday in a presentation that it entered into a “contingent forward asset sale agreement” for its residential mortgage portfolio in a presentation without naming the buyer.

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

SEPTEMBER 30, 2024

The notes were offered by Mello Warehouse Securitization Trust 2024-1 and secured by newly originated first-lien, fixed-rate and adjustable-rate residential mortgages. The loans are produced according to criteria from Fannie Mae , Freddie Mac and Ginnie Mae.

Closing 408

Closing Principal Residential Finance 408

Housing Wire

NOVEMBER 10, 2020

The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. The passing of Amendment B repealed the Gallagher Amendment of 1982, which set residential and non-residential property tax assessment rates in the Colorado state constitution.

Residential 450

Residential Principal Development Renovation 450

Housing Wire

MAY 2, 2022

A credit-risk transfer deal involves transferring a portion of the reference loan-pool risk to private investors through the CAS real estate mortgage investment conduit, or REMIC. This latest transaction, CAS 2022-R05, involves a reference pool of 127,166 single-family mortgage loans. The KBRA report also notes that only 4.1%

Loans 397

Loans Investor Principal Residential 397

Housing Wire

JANUARY 24, 2025

Fitch noted that mortgage insurance does not cover claims principally caused by physical damage, including wildfires, floods or other natural disasters, but is designed to protect against borrower credit default. The agency analyzed various loan types across the ZIP codes that are in mandatory evacuation zones in Los Angeles County.

Mortgages 368

Mortgages Principal Loans Equity 368

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 The dreaded discount.

Marketing 397

Marketing Bankruptcy Loans Principal 397

Housing Wire

FEBRUARY 3, 2022

billion so far this year that are secured by reference loan pools valued at $78.6 billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 of the loan pool. STACR 2022-DNA1 involves a $1.4 Morgan Chase , 5.9%; and “other,” 67.2%.

Principal 384

Principal Investor Loans Mortgages 384

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Bankruptcy 384

Bankruptcy Banks Loans Residential 384

Housing Wire

MARCH 21, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. However, RESPA applies to a construction-to-permanent loan inside one bundle.

Agents 369

Agents VA loan Land Construction 369

Housing Wire

SEPTEMBER 28, 2022

Advisory and brokerage firm Prestwick Mortgage Group is out with three new mortgage-servicing rights (MSR) offerings for agency loan pools valued in total at $2.6 One of those MSR offerings involves a Ginnie Mae loan pool of 7,591 mortgages with valued at $2 billion based on the unpaid principal balance.

Marketing 397

Marketing Principal Loans Mortgages 397

Housing Wire

FEBRUARY 1, 2022

The recent offering , CAS Series 2022-R02, involves transferring loan-portfolio risk to private investors via a $1.2 billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3 trillion in single-family mortgage loans, measured at the time of the transaction. billion.

Debt-to-income ratio 370

Debt-to-income ratio Investor Loans Principal 370

Housing Wire

MAY 1, 2023

The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank. JPMorgan acquired about $173 billion in First Republic’s loans, $30 billion of securities and $92 billion in deposits.

Banks 383

Banks Commercial Loans Principal 383

Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year. recently rebranded as Rithm Capital ). That deal, dubbed GRADE 2022-SEQ2, was a $198.6

Equity 370

Equity Loans Residential Banks 370