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

APRIL 26, 2024

In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. percentage-point decrease from February 2023. Despite economic challenges, the robust growth in U.S.

Mortgages 444

Mortgages Staging Principal Loans 444

Housing Wire

FEBRUARY 2, 2023

The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio amid a shrinking market in 2022. Looking ahead, Pennymac’s executives expect the market to decline even further this year as overcapacity remains. Despite their efforts, profits still dropped to $475.5 to 2.0%. “The

Marketing 325

Marketing Banks Principal Loans 325

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Amid a difficult housing market, transaction sides still increased 6% year over year to 115,424. For the full year of 2023, revenue reached $4.28

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Agents Principal Residential Sales 396

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. Overall, the bulk MSR market should be incredibly robust throughout 2022.”. market share. You just never know.

Marketing 376

Marketing Principal Banks Loans 376

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgages 370

Mortgages Marketing Banks Investor 370

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375. The Blankfeld Group came in No.

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Principal Technology Equity Residential 399

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. A less volatile market? The consumer-price index rose 8.6% mortgage industry to fund $4.1 trillion in 2023.

Marketing 417

Marketing Fixed-rate mortgage Loan Officer Pre-approval 417

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. Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” They will depress it (the market).

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Marketing Lending Loans Principal 395

Housing Wire

MARCH 10, 2022

The company’s unpaid principal balance increased 18% last year to $70.9 The liquidity, according to executives, may support mergers and acquisitions, mainly targeting businesses that have a decent market share in their areas, so Guild can keep its focus on building local infrastructure. Guild had $243 million in cash and $1.5

Marketing 395

Marketing Loans Principal Mortgages 395

Housing Wire

FEBRUARY 17, 2022

The most recent RMBS Credit Indices report from the Kroll Bond Rating Agency (KBRA) shows that loan pools supporting outstanding private-label residential mortgage-backed securities issuances overall are performing relatively well to date in both the prime and nonprime markets.

Marketing 363

Marketing Staging Loans Principal 363

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. Compass, Inc. She holds an A.B. from Smith College, an M.P.A.

Principal 86

Principal Development Brokerage Residential 86

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.

Finance 387

Finance Principal Residential Development 387

Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And now we just did over $110 billion for the month of January.”. “The

Purchase and sale agreement 365

Purchase and sale agreement Marketing Equity Banks 365

Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A balanced market, Davin said, requires five to six months.

Marketing 461

Marketing Land Principal Sales 461

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

Marketing 377

Marketing Banks Mortgages Investor 377

Housing Wire

MARCH 17, 2022

The rate volatility created by fast-rising inflation, now approaching 8% annualized , and the opposing flight to quality sparked by the war in Ukraine, is complicating an already challenging execution environment in the private-label securities market. And three more hikes are planned for 2023.).

Loans 318

Loans Marketing Due diligence Residential 318

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 to 72% across the three deals in a market with fast-rising home prices.

Marketing 341

Marketing Debt-to-income ratio Loans Mortgages 341

Housing Wire

JULY 28, 2022

Mortgage rates leading up to June’s Fed rate hike surpassed the 6% level as higher-than-expected inflation data triggered volatility in the market, which led to turbulence in mortgage rates. If mortgage rates peak, Fratantoni said, “potential buyers who had been scared off by the rate spike, might find their way back to the housing market.”.

Marketing 304

Marketing Loan Officer Mortgages Lending 304

Housing Wire

DECEMBER 21, 2022

In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. The market may be thawing since mortgage rates have fallen for five straight weeks,” Yun added.

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Sales Mortgages Principal Days on market 374

Housing Wire

OCTOBER 8, 2021

The private-label residential mortgage-backed securities market has been resurrected from its near-death following the global financial crisis a decade and a half ago. This year it is on track to securitize loan volume approaching or even exceeding $100 billion, and driving a healthy share of that secondary market business is J.P.

Principal 314

Principal Banks Loans Residential 314

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.

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Banks Bankruptcy Loans Investor 376

Housing Wire

NOVEMBER 24, 2020

“We are excited to join CoStar Group and leverage their 30 years of knowledge and experience in property data, software and marketing to take advantage of this significant growth opportunity.”. CoStar’s Founder and CEO Andy Florance said that this acquisition will enable the company to enter a new space and expand market presence.

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Principal Residential Commercial Development 427

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.

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Residential Principal Development Renovation 440

Housing Wire

MARCH 21, 2022

It also does not preclude a real estate broker or agent and a lender from collaborating on marketing activities. Sponsorship of events can also be deemed illegal if the event is used for marketing or publicizing a real estate or mortgage company’s services. Loan for vacant land. Loans for large land parcels.

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Agents VA loan Land Construction 335

Housing Wire

DECEMBER 14, 2022

However, activity in the housing market will remain depressed at least in the first half of next year as home affordability continues to be a challenge for homebuyers. . Activity in the housing market, the most interest-sensitive sector, as noted by Powell, isn’t likely to fully recover until at least the first half of 2023.

Mortgages 417

Mortgages Residential Principal Lending 417

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. Nomura Securities International Inc. served as the sole structuring agent of the securitization.

Investor 311

Investor Principal Loans Lending 311

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.

Residential 333

Residential Principal Loans Mortgages 333

Housing Wire

OCTOBER 18, 2022

The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in the secondary market. Representatives for FirstFunding and Sprout did not return requests for comments.

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Loans Principal Mortgages Lending 380

Housing Wire

MARCH 7, 2024

For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market experts interviewed recently by HousingWire. My guess is we’ll do 10 or 11 deals this year in the $5.5

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Investor As-is Commercial Equity 390

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity. securities regulations.

Investor 365

Investor Renovation Principal Loans 365

Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Most recently, Guild Mortgage expressed interest in acquisitions.

Industrial 353

Industrial Mortgages Principal Loans 353

Housing Wire

MARCH 22, 2023

In return, rates will continue to fluctuate over the coming weeks as incoming data changes and market participants adjust to the new reality as it unfolds, Green projected. Some real estate markets may also continue to see some softening of prices, but the Fed’s decision today probably will do little to change that dynamic,” he said.

Industrial 388

Industrial Mortgages Purchase and sale agreement Banks 388

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 Fed’s short-term rate does not directly impact long-term mortgage rates but it does steer market activity to create higher rates and reduce demand. About 9.1%

Mortgages 416

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 416

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 Compass’s hoped-for market value is $7.2 billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. at close of the New York Stock Exchange on Thursday. Investors initially paid $21.15-a-share

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Brokerage Principal Loans Branding 334

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. In fact, a veritable upheaval is headed for the housing market already. They have been able to reach sales goals with relative ease for over a decade.

Finance 448

Finance Seller concession Loan Officer Loans 448

Realty Biz

MARCH 5, 2021

After a short slump at the very beginning of the COVID-19 pandemic, the residential home market quickly recovered and prices soared most of 2020. But that’s not the only issue potentially beginning to sour the residential market. Houses will remain on the market, and inventory will increase until prices drop.

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Development Marketing Residential Principal 106