Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 billion in assets, has a diverse portfolio of residential and commercial real estate assets. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 WMC, with some $2.8

Marketing 394

Marketing Bankruptcy Loans Principal 394

Housing Wire

NOVEMBER 7, 2023

million in sales volume in 2022. billion in sales volume in 2022 across 6,080 transaction sides. We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. In all, BCP agents notched $4.2

Mortgages 407

Mortgages Principal Brokerage Lending 407

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. 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.

Finance 453

Finance Seller concession Loan Officer Loans 453

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion. in a deal valued at $500 million in cash and retained interest.

Sales 395

Sales Mortgages Branding Principal 395

Housing Wire

FEBRUARY 14, 2024

In the article, Moody’s said they anticipate an increase in MSR sales in 2024, which will result in a short-term gain in liquidity at the expense of a weaker franchise in the future. Well-trained staff using the right mortgage servicing software can service 700 or more loans per employee. Why should lenders retain servicing?

Investor 379

Investor Loans Mortgages Principal 379

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 billion of unutilized loan funding capacity as of December 31, 2021.

Marketing 405

Marketing Loans Principal Mortgages 405

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 374

Industrial Mortgages Principal Loans 374

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter. funded $26.9

Residential 358

Residential Principal Loans Mortgages 358

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

FHA loan 383

FHA loan Mortgages Loan Officer VA loan 383

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. Existing home sales declined for seven consecutive months in August, declining 0.4% year-over-year.

Mortgages 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

Housing Wire

FEBRUARY 16, 2022

About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC). “So billion, or 8.2% billion in 2020 to $138.4

Marketing 382

Marketing Principal Banks Loans 382

Housing Wire

NOVEMBER 17, 2022

The executive spoke during a panel at the 8th Annual Residential Mortgage Servicing Rights Forum, a conference held in Manhattan on November 14 and 15. Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight.

Marketing 412

Marketing Lending Loans Principal 412

Housing Wire

DECEMBER 13, 2023

It also has been a brutal year for the secondary market that creates liquidity for mortgage lenders as greatly reduced mortgage originations, liquidity challenges and interest rate volatility have played havoc in the whole-loan trading as well as the private-label and agency securitization channels. “The

Mortgages 395

Mortgages Marketing Banks Investor 395

Housing Wire

FEBRUARY 17, 2022

The performance of loan pools backing private-label securitization deals has continued to improve across most measurement metrics through the end of January after hitting a low point in mid-2020 at the height of the pandemic. With mortgage rates increasing [recently], prepayments on prime loans are retreating quickly from their highs.”.

Marketing 369

Marketing Staging Loans Principal 369

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 How lenders will benefit from Proctor Financial’s acquisition of Loan Protector. Presented by: Proctor Loan Protector. billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures.

Brokerage 368

Brokerage Principal Loans Branding 368

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. For 2023, slightly greater than 1.1

Mortgages 436

Mortgages Banks Loans Industrial 436

Housing Wire

MARCH 22, 2023

The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. After dropping for 12 months, existing home sales rebounded in February, climbing 14.5% The national median existing-home sale price fell 0.2% month over month to a seasonally adjusted annual rate of 4.58

Industrial 394

Industrial Mortgages Purchase and sale agreement Banks 394

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Marketing 417

Marketing Fixed-rate mortgage Loan Officer Pre-approval 417

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.

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

DECEMBER 14, 2022

The MBA is forecasting that mortgage rates for 30-year fixed-rate loans, which were at 6.4% Existing home sales are also set to decline to 4.53 Existing home sales are also set to decline to 4.53 The National Association of Realtors forecasts existing home sales to slide by another 6.8% million units. million units.

Mortgages 417

Mortgages Residential Principal Lending 417

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 That’s a strong start for a new issuer. “A KBRA seems to think so as well.

Marketing 368

Marketing Debt-to-income ratio Loans Mortgages 368

Housing Wire

FEBRUARY 8, 2022

In January, Fannie Mae said it would start accepting desktop appraisals, where an appraiser need not perform a walk-through, for some agency-backed loans after March 19. 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

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

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

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 304

Marketing Loan Officer Mortgages Lending 304

Realty Biz

FEBRUARY 6, 2023

These are financial investment products on commercial properties, as opposed to residential realty. They are also mortgage loans (typically non-recourse debts), so any commercial or consumer debt is secured solely by collateral. Segments These bonds are composed of underlying loans, usually contained within trusts.

Commercial 82

Commercial Principal Investor Banks 82

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

Short sale 52

Short sale Sales Banks Principal 52

Housing Wire

MARCH 1, 2023

That reflects a substantial reduction in new and existing-home sales and refinancing. Net issuance represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. billion for commercial mortgage-backed securities (CMBS) and only $500 million for nonagency residential MBS.

Marketing 382

Marketing Banks Mortgages Investor 382

Housing Wire

SEPTEMBER 10, 2020

And in July, it announced its formal launch of Orchard Home Loans. We also give them something called a guaranteed sale price,” Cunningham added. The company charges a one-time 6% fee on the sale of the customer’s old home. “We They can work with any lender of their choice, including Orchard Home Loans.

Title 284

Title Branding Principal Loans 284

Marco Santarelli

MARCH 20, 2024

Current Trends and Market Dynamics According to Freddie Mac , in January, the housing sector experienced a slight uptick in home sales, buoyed by the decline in mortgage rates. However, the persisting issue of limited inventory, compounded by the phenomenon known as the rate lock effect, has hindered the volume of home sales.

Mortgages 52

Mortgages Marketing Lending Loan Officer 52

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. DTI LLPA Fee Rescinded On May 10, 2023 In January, the FHFA announced a slew of changes in its Loan-Level Price Adjustment Matrix.

Mortgages 75

Mortgages Principal Finance Commercial 75

RIS Media

SEPTEMBER 21, 2021

She is a highly experienced REALTOR® in estates, investment, residential and trust properties. She began her real estate career 16 years ago, focusing on new construction sales. As her career evolved, Gibbens became a specialist in another area, CAFO or concentrated animal feeding operation sales. Wendy Holcomb. Rachel Mann.

Loan Officer 97

Loan Officer New Construction Brokerage Principal 97

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 446

Mortgages Loan Officer Loans Equity 446

Marco Santarelli

DECEMBER 22, 2020

A real estate mortgage note is a promissory note secured by a mortgage loan. The promise to pay which is called a promissory note, which states how big the loan is, and what the interest rate and the terms of the loan are. On the courthouse steps, this property will be auctioned for sale.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

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 million) and Homepoint ($11.9 UWM had $303.4

Principal 382

Principal Banks Loans Lending 382

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. There’s been increased activity in the last two weeks [more] than the last two months. How fast we move past that is up for debate.”

Mortgages 454

Mortgages Fixed-rate mortgage Equity Loans 454