Housing Wire

JANUARY 23, 2025

Wage growth outpaced single-family rent growth for much of the past two years which kept rent growth in positive territory,”said CoreLogic senior principal economist Molly Boesel. . “Single-family annual rent growth slowed in November to the lowest rate in about 14 years. ” Detroit ranked No.

Principal 395

Principal Marketing Mortgages 395

Housing Wire

FEBRUARY 20, 2025

WFP is run by Anderson alongside principal broker Dana Landry, managing partner William Moody and managing partner Marc Schappell. At the end of 2023, the number of principal agents at the brokerage stood at 14,683. It will continue to operate under its own brand and its leadership will be retained.

Brokerage 319

Brokerage Principal Staging Branding 319

Housing Wire

DECEMBER 9, 2024

The attention that Native American communities are paying to their own needs was lauded by Richard Monocchio, principal deputy assistant secretary for public and Indian housing at HUD. Native American Tribes are leading the charge to upgrade infrastructure in their communities, he said.

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Principal Land Development Renovation 370

Housing Wire

APRIL 4, 2025

Principal agents and closed loan sellers can ask their LOS administrator to add it to their available product menu, the company said. But the variations available to brokers and principal agents differ. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgages 293

Mortgages Principal Loans Equity 293

Housing Wire

NOVEMBER 14, 2024

Led by co-principals Annie Tran, Dewey Luong and Tiffany Powell, the Atlas team said that culture is one reason SERHANT. Atlas Group is coming over from Compass. According to 2023 production data from RealTrends Verified , Atlas ranked No. 3 in transactions in Atlanta with 132 and No. 5 in sales volume at $62.6 is an attractive landing spot.

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Principal Brokerage Land Technology 370

Housing Wire

NOVEMBER 21, 2024

As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spearhead those efforts,” KW President and CEO Mark Willis said in a statement. “An

Brokerage 368

Brokerage Principal Technology Agents 368

Housing Wire

JANUARY 31, 2025

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023. Its net revenue grew from $1.4 billion to $1.6 Pretax income for the final quarter of 2024 was $129.4

Principal 357

Principal Lending Equity Mortgages 357

Housing Wire

MARCH 3, 2025

Name Job Title Company Name Alejandro Franco Vice President of Finance and Controller Cairn Real Estate Holdings Allyson Jackson Executive Vice President Finance and Treasury Planet Home Lending Amit Arora Chief Investment Officer Opendoor Andrey Gunin Chief Financial Officer A&D Mortgage Bill Warden Chief Financial Officer Dark Matter Brandon (..)

Finance 384

Finance Lending Principal MLS 384

Housing Wire

DECEMBER 18, 2024

In a company statement, United Real Estate President Rick Haase expressed excitement about bringing SunWest operating principal and partner Jerry Braklow and his team into the fold. Platinum brings a 2,500-agent team with a presence in markets across Kansas, Oklahoma, Iowa and Missouri.

Brokerage 395

Brokerage Principal Branding Agents 395

Housing Wire

FEBRUARY 21, 2025

Growth was frontloaded and slowed throughout the year, CoreLogic senior principal economist Molly Boesel said in a statement. Single-family rent growth averaged 2.6% in 2024, below the 2010-2020 average of 3.5% when rents were growing at a fairly steady rate.

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Principal Closing Marketing 354

Housing Wire

NOVEMBER 8, 2024

The complaint states that Official Partners and the brothers agreed to pay the principal sum and interest on the loan, and that Side should be paid additional damages related to legal fees and a jury trial. Side claims the defendants have breached contracts between the two parties that were extended in August 2022.

Loans 369

Loans Principal Brokerage 369

Housing Wire

APRIL 10, 2025

In this kind of interest rate environment, you’re looking at probably around 40% of the home value, up to the lending limit as an initial line of credit principal limit, he said.

Mortgages 372

Mortgages Marketing Principal Lending 372

Housing Wire

MARCH 4, 2025

Make sure you research your options, said gerontologist Nancy Schier-Anzelmo, principal in Alzheimers Care Associates in an interview with Yonder. But there is a trade-off, particularly if someone has a need for more variety in medical services that rural communities may not be well-equipped to handle.

Equity 400

Equity Principal Development Staging 400

Housing Wire

APRIL 22, 2025

Whats slated for the Coastal Bend especially in Port Aransas in terms of new development, new condos, and new neighborhoods is truly impressive, said J Kuper, principal broker of Kuper Sothebys International Realty. Port Aransas Realty has operated in the region since 1986.

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Principal Brokerage Development Agents 272

Housing Wire

NOVEMBER 19, 2024

At Corcoran McEnearney, Pejacsevich will serve as principal and chief operating officer, while Buzzelli will serve as chief strategy officer. Also joining the firm’s leadership team is David Howell, who will serve as executive vice president and chief information officer.

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Principal Commercial MLS Branding 370

Housing Wire

APRIL 22, 2025

In our production segment, we acquired or originated nearly $30 billion in unpaid principal balance (UPB) of loans at higher note rates, which strategically positions our consumer direct division for significant growth when interest rates decline. billion in unpaid principal balance, down 19% from the prior quarter and up 33% from Q1 2024.

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Principal Loans Mortgages Equity 254

Housing Wire

NOVEMBER 6, 2024

billion in unpaid principal balance (UPB), but it recorded a net loss of $74.6 Amber Kramer, the company’s chief financial officer, went deeper into the company’s financial results on an earnings call Wednesday. The company’s servicing portfolio grew to $91.4

Principal 360

Principal Mortgages Loans As-is 360

Housing Wire

OCTOBER 30, 2024

This resulted from a portfolio of $878 billion in unpaid principal balance (UPB), including $755 billion in mortgage servicing rights (MSRs) owned by the company. In the third quarter, its servicing book generated total pretax income of $223 million, compared to $221 million in the previous quarter.

Equity 434

Equity Principal Mortgages Lending 434

Housing Wire

MARCH 7, 2025

The report also states that the idea is being championed by Irving Dennis, HUDs new chief financial officer and principal deputy. Dennis, the agencys new principal deputy chief financial officer, is a former partner at the global consulting giant EY , also commonly known by its original name, Ernst & Young , the report said.

Technology 278

Technology Principal Industrial As-is 278

Housing Wire

FEBRUARY 6, 2025

Around the same time , Rithm also struck a $720 million deal for Computershare Mortgage Services and its subsidiary, Specialized Loan Servicing , which brought $136 billion in unpaid principal balance (UPB) to Rithms servicing book. Sculptor added another $1 billion in assets during the past year, according to the 2024 earnings report.

Loans 396

Loans Equity Principal Mortgages 396

Housing Wire

APRIL 7, 2025

Stacy Holden is the VP and Industry Principal at AppFolio. Those who embrace AI and prioritize operational efficiency, security, and resident experience will be best positioned to thrive. The companies that face these trends head-on today will be tomorrows industry leaders.

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Property Management Marketing Technology Principal 323

Housing Wire

MARCH 5, 2024

Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. Conversely, when expected rates are lower at origination, borrowers are offered more principal.

Principal 458

Principal Mortgages Loans Equity 458

Housing Wire

JUNE 11, 2024

And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. million in aggregate principal of 2028 senior notes held by Artemis Management LLC. The new debt will pay 8.75% — an incremental 0.5% It reported a cash balance of $604 million at the end of March.

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Principal Mortgages Finance Investor 482

Housing Wire

SEPTEMBER 10, 2024

After all, older ages and lower interest rates generally yield higher principal limits. The unused principal will grow in the borrower’s favor at current interest rates plus 0.50%. Valuation risk For some markets, waiting may reduce principal limits if property values decline.

Mortgages 459

Mortgages Principal Equity Loans 459

Housing Wire

JANUARY 4, 2024

If passed, House Bill 809 and its companion Senate Bill 1070 would bar insurance carriers from placing a coverage limit on a home that would include the value of the land the house sits on, and it would require insurance companies to offer policies that cover only the unpaid principal on a mortgage.

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Principal Mortgages Land Loans 526

Housing Wire

MAY 10, 2024

“Currently, the documentary stamp tax is applied to the entire mortgage obligation amount rather than being applied to the principal limit amount,” or the maximum amount of proceeds that a reverse mortgage borrower can receive. This will now be changed, according to provisions of the law as analyzed by the committee.

Principal 435

Principal Mortgages Closing costs Closing 435

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 463

Principal Loans Mortgages Finance 463

Housing Wire

APRIL 4, 2024

This rate is used, among other things, to help determine a borrower’s initial principal limit (borrowing capacity). When looking up the borrower’s principal limit factor, we would use 6.75%. So, it is understandable that HECM prospects want to know how unlocked expected rates could impact their principal limit. Example With a 2.5%

Principal 435

Principal Mortgages Loans Equity 435

Housing Wire

DECEMBER 20, 2024

If you think about the idea of having modern technology that allows them to configure quickly, and to bring in these [reverse-specific] calculations the principal limit factor, non-borrowing spouses, all the things that legacy software doesn’t have today when it comes to decisioning technology, we have that, he said.

Mortgages 397

Mortgages Technology Principal Industrial 397

Housing Wire

NOVEMBER 14, 2024

The 2017 reduction in principal limit factors (PLFs) is largely seen as a negative from investors, while they cite the impending release of “ HMBS 2.0 ” as a potential positive. Investors are also more likely to view each new regulation that could be handed down for the HECM program based on the impact it could have on companies.

Investor 369

Investor Mortgages Bankruptcy Equity 369

Housing Wire

MARCH 20, 2025

Molly Boesel, CoreLogic’s senior principal economist, said that January’s rent growth is slightly higher than what she’d expect in the opening month of the year. The report also mentioned January’s historic rent-growth numbers. “After slowing annual growth, single-family rent increases are firming up.

Principal 290

Principal Marketing As-is 290

Housing Wire

JANUARY 25, 2025

Sanchez: Newrez has a giant servicing business with $755 billion in unpaid principal balance. We will look at each of those to the extent that we feel like its creative for our business. Next, the conversation transitions toward Newrez’s servicing business ventures. How do you prioritize between these different business lines?

Principal 364

Principal Technology Mortgages Industrial 364

Housing Wire

NOVEMBER 5, 2024

Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 Purchase loans comprised 66% of loanDepot’s total volume in Q3 2024, down from 71% in the same period in 2023. Meanwhile, the company’s organic refinance consumer-direct recapture rate was 71%, up from 69% a year ago. billion on Sept.

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

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 447

Principal Lending Mortgages Investor 447

Housing Wire

AUGUST 13, 2024

Like prior transactions, the deal includes a two-year revolving period during which principal payoffs can be reinvested to purchase new loans. The notes are backed by 659 mortgage loans with a total principal balance of approximately $168 million.

Investor 447

Investor Principal Mortgages Residential 447

Housing Wire

JANUARY 10, 2025

Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting. Brown expressed excitement over his new role and said he intends to continue serving customers with new solutions.

Principal 370

Principal Lending Development Mortgages 370

Housing Wire

JULY 1, 2024

The analysis included more than 4,000 cities and defined “principal cities“ as those with populations of more than 150,000. The report noted that “housing inventory in exurbs grew by an average of 15% over the past 10 years, outpacing suburbs at 14% and principal cities at 10%.

Principal 448

Principal Marketing As-is Finance 448