Housing Wire

JUNE 20, 2024

million in principal for new notes guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 million in aggregate principal of 2028 senior notes held by Artemis Management LLC. million in aggregate principal of old notes will remain outstanding.

Principal 417

Principal Lending Investor Mortgages 417

Housing Wire

MAY 29, 2024

The government-sponsored enterprises (GSEs) are now targeting a 20% reduction in principal and interest (P&I) payments to keep borrowers facing permanent financial stress in their homes. “The Fannie Mae and Freddie Mac on Wednesday announced an update to one of their loss-mitigation solutions known as Flex Modification.

Principal 429

Principal Loans Mortgages Finance 429

Housing Wire

DECEMBER 20, 2023

“Well-known across our ecosystem as servant leaders, Wendi and John will act as growth partners for our regional operating principals and regional directors,” Mark Willis, CEO of KW , said in a statement. Wendi has inspired, trained, and recruited many of our best agents, team leaders, and operating principals,” Willis added.

Principal 420

Principal Agents Marketing Brokerage 420

Housing Wire

JULY 25, 2024

Right now, with the principal limit factors where they are, especially with younger borrowers (in their 60s to mid-70s), you run the numbers for people and they see that principal limit. Department of Housing and Urban Development ] need to look at this and find a way to bump up the principal limit factors.

Mortgages 303

Mortgages Principal Development Industrial 303

Housing Wire

MAY 10, 2024

We showed that when expected rates increase and round up to the next 1/8% (0.125%), the principal available to a prospect is typically reduced by an average of 0.6% (of the home’s value). In the month since my last rate update was published, expected rates increased 39 basis points (0.39%), which rounds to 3/8%, or 3 principal limit cuts.

Mortgages 397

Mortgages Principal Loans Equity 397

Housing Wire

MAY 10, 2024

Sam Valverde, formerly the principal executive vice president of government-owned corporation Ginnie Mae , was named as its acting president as of May 6, according to an announcement issued by the organization this week.

Principal 385

Principal Finance Banks Loans 385

Sotheby's International Real Estate

JANUARY 20, 2022

Ordino, The Principality of Andorra | Narcís Socías Tomàs, Andorra Sotheby’s International Realty . Continue reading New Development Spotlight: Ordino Resorts Villas Residential in the Principality of Andorra at Sotheby´s International Realty | Blog.

Principal 96

Principal Residential Development Branding 96

Housing Wire

JUNE 18, 2024

million in aggregate principal amount available for 30 days to cover over-allotments. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually.

Closing 402

Closing Principal Lending Equity 402

Sotheby's International Real Estate

MARCH 28, 2022

The Principality of Andorra can be found on the Iberian Peninsula, bordered by France and Spain. Continue reading Global Getaways: Luxury Rental Market Spotlight On The Principality of Andorra at Sotheby´s International Realty | Blog.

Principal 75

Principal Marketing 75

Brownstoner

AUGUST 24, 2021

In the News City Will Require Shots for All Teachers and Principals [NYT] Firefighters Rescue Residents From Bed Stuy Blaze [BP] A Joyful Brownstone in Bushwick [Curbed] Bed Stuy Victims of Housing Scheme Can Stay In Their Home [Patch] Petition Rushes to Save Grand Prospect Hall From Demolition [Patch] Popeyes Opens at 918 Manhattan Avenue [Greenpointers] (..)

Principal 98

Principal 98

Housing Wire

FEBRUARY 21, 2024

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae.

Principal 430

Principal Loans Mortgages Renovation 430

Housing Wire

JUNE 4, 2024

RE/MAX will no longer have a principal operating officer and Smith’s responsibilities will be absorbed by other executives, the company disclosed Friday in a filing with the Securities and Exchange Commission ( SEC ).

Principal 459

Principal Brokerage Branding Investor 459

Housing Wire

JUNE 26, 2024

The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026, while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029.

Finance 384

Finance Principal Commercial Equity 384

Housing Wire

JULY 18, 2024

The analysis incorporates principal amortization and a prepayment assumption in projecting outstanding vintage balances. Therefore, a “meaningful amount” will be eligible for a rate-and-term refinance when 30-year mortgage rates revert to the range of 6% to 6.5%, the analysts concluded.

Principal 420

Principal Mortgages Banks Loans 420

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 406

Principal MLS Agents Brokerage 406

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.

Due diligence 409

Due diligence Mortgages Investor Technology 409

Housing Wire

JULY 1, 2024

Prior to that venture, Kaufman was a vice president and principal of a luxury residential real estate marketing firm. Additionally, he will also hire, train and manage sales teams; develop strategic relationships with developers and brokers across the company’s markets; and exclusively represent select new development projects.

Principal 406

Principal Development Residential Sales 406

Housing Wire

JULY 22, 2024

For our neighbors experiencing homelessness, especially those living with disabilities, this funding will provide access to affordable housing and lifesaving services,” Marion McFadden, HUD’s principal deputy assistant secretary for community planning and development, said in a statement.

Construction 417

Construction Renovation Principal Development 417

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

Principal 87

Principal Development Brokerage Residential 87

Sotheby's International Real Estate

AUGUST 24, 2020

The Principality of Andorra | Andreu Cañadas , Andorra Sotheby’s International Realty. Located in the incomparable natural setting of Sant Miquel d’Engolasters, this exclusive 13-penthouse-unit new development named ESCALA defines the discreet luxury lifestyle in the Principality of Andorra.

Principal 64

Principal Development Commercial Construction 64

Housing Wire

MAY 20, 2024

California -based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of senior notes that the company says it will pay back with interest by 2030.

Principal 449

Principal Investor Loans Mortgages 449

Housing Wire

JULY 15, 2024

Shelley, HUD’s principal deputy assistant secretary for fair housing and equal opportunity, said in a statement. “HUD will continue to vigorously enforce the Fair Housing Act against those who seek to limit the financial returns associated with homeownership because of race or any other protected characteristic.”

Principal 376

Principal Loans Development Mortgages 376

Housing Wire

SEPTEMBER 22, 2023

Romeo Manzanilla, a seasoned Austin brokerage leader, was appointed principal, chief operating officer, and broker of record for the new firm. He still serves as its CEO and principal. Mooty, who owns @properties Christie’s International Real Estate offices in Dallas and Frisco, is also Jones’ nephew.

Brokerage 407

Brokerage Principal Branding Agents 407

Housing Wire

JULY 2, 2024

Gibson has more than 20 years of experience as a real estate business leader and trainer and he serves as operating principal across six KW market centers.

Commercial 409

Commercial Principal Brokerage Agents 409

Housing Wire

JULY 8, 2024

The company owned $537 billion in unpaid principal balance (UPB) of servicing at the end of March. Newrez originated $10.8 billion in mortgages in first-quarter 2024, up 55.2% year over year, according to Inside Mortgage Finance (IMF) estimates. Its parent company, Rithm, delivered a $261.6

Loan Officer 398

Loan Officer Principal Finance Mortgages 398

Housing Wire

JUNE 7, 2024

The company owned $537 billion in unpaid principal balance (UPB) of servicing at the end of March. Newrez, a top-five U.S. mortgage lender, originated $10.8 billion in mortgages in first-quarter 2024, up 55.2% year over year, according to Inside Mortgage Finance (IMF) estimates.

Bankruptcy 421

Bankruptcy Loan Officer Principal Loans 421

Housing Wire

JULY 3, 2024

The first is for up to $200 million in aggregate principal of senior secured first-lien notes due in 2026 (with an option to extend it to 2027 if the company elects to do so), while the second is for up to $150 million in aggregate principal of exchangeable senior first-lien notes due in 2029.

Principal 323

Principal Finance Equity Mortgages 323

Housing Wire

MAY 23, 2024

James Grout, Offerpad’s senior vice president of finance, had been serving as the firm’s interim principal financial officer. We look forward to his contributions as we continue to drive growth and profitability at Offerpad.“ In Q1 2024, the firm reported a 53% year-over-year decrease in revenue to $285.4 million.

Principal 409

Principal Finance Banks Technology 409

Housing Wire

MAY 10, 2024

Consistent with prior transactions, investors will benefit from a two-year revolving period during which they can reinvest their principal payoffs to purchase additional newly originated loans. The deal drew significant interest from institutional investors. Barclays Capital was the sole entity responsible for structuring the deal.

Closing 373

Closing Principal Investor Residential 373

Housing Wire

FEBRUARY 27, 2024

Continuing a capital-light approach, we grew subservicing volumes by 6% year over year measured in UPB (unpaid principal balance) due to transactions with existing and new capital partners as well as winning new clients.”

Principal 417

Principal Mortgages Industrial As-is 417

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 A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer.

Principal 370

Principal Technology Agents Design 370

Housing Wire

OCTOBER 12, 2021

PNC Bank allegedly breached Fannie Mae ’s COVID-19 payment deferral agreement by continuing to charge homeowners who opted for the home retention option for past-due monthly principal and interest payments. Additionally, the lawsuit claims that PNC’s practices violated the Maryland Consumer Protection Act (MCPA).

Banks 384

Banks Principal Loans Lending 384

Housing Wire

JULY 9, 2024

Of course, the reason for this is because the unused principal with an adjustable-rate Home Equity Conversion Mortgage (HECM) grows at the same rate that is applied to the loan balance. In the May 2024 reverse mortgage rates report, we discussed how reverse mortgage borrowers might benefit from higher interest rates over the life of the loan.

Mortgages 402

Mortgages Equity Principal Loans 402

RIS Media

DECEMBER 6, 2020

Federal Housing Finance Agency (FHFA) Director Mark Calabria issued a statement at the Financial Stability Oversight Council Principals meeting. In response, we instituted a four-month limit on servicers’ obligations to advance principal and interest payments on loans in forbearance. Source: FHFA.

Principal 60

Principal Finance Banks Loans 60

Housing Wire

MAY 30, 2024

delinquency rate increased from a year earlier in March, driven by an uptick in early-stage delinquencies,” Molly Boesel, principal economist for CoreLogic, said in a statement. Furthermore, a U.S. unemployment rate that remained below 4% in April should help most borrowers pay their bills on time in the coming months.

Mortgages 446

Mortgages Staging Principal Loans 446

Housing Wire

MAY 21, 2024

single-family rent growth strengthened overall in March, though some weaknesses are revealed in the latest numbers,” Molly Boesel, principal economist for CoreLogic, said in a statement. New York was next with an annual gain of 5.3%, followed by Boston at 5.2%. “U.S. annually in March.”

Marketing 429

Marketing Principal Finance 429