Housing Wire

MARCH 3, 2025

Below are some of the items that wont necessarily be on your radar when you initially explore an acquisition or sale, but may need to be dealt with on a post-closing basis. Assumed name filings The sale of Sellers name is important in many mortgage M&A transactions for continuity, transition and marketing purposes.

Purchase and sale agreement 387

Purchase and sale agreement Closing Industrial Mortgages 387

Housing Wire

OCTOBER 24, 2024

The proceeds from this note sale, along with additional cash from the company, will be used to pay off older debt with higher interest rates. Two days later, Onity announced final details of the transaction that included a price revision to $500 million and an aggregate principal amount of senior notes at 9.875% due in 2029.

Principal 409

Principal Investor Mortgages Equity 409

Housing Wire

MAY 12, 2025

The acquisition brings the firms total footprint to three offices and roughly 80 affiliated sales associates. Melissa Sterling, principal broker and owner of Better Homes and Gardens Real Estate Heritage Group, said the acquisition aligns with the firms strategy of growth through shared values and professional development.

Principal 296

Principal Branding Development Agents 296

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. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 428

Sales Mortgages Principal Equity 428

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. From NAR: Total existing-home sales waned 7.7%

Sales 528

Sales Mortgages Short sale Principal 528

Housing Wire

FEBRUARY 13, 2024

According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community.

Sales 458

Sales Principal Staging Construction 458

Housing Wire

APRIL 25, 2023

New home sales posted yet another increase in March, rising 9.6% This is the fourth straight month of new home sales increases. On a year-over -year basis, however, new home sales are still down 3.4%. On a year-over -year basis, however, new home sales are still down 3.4%. months of supply at the current sales pace.

Sales 410

Sales Construction New Construction Principal 410

Housing Wire

JUNE 12, 2025

billion in unpaid principal balance in 2024 and $1.2 The transaction will also provide Chimera with origination fees and gain-on-sale income. National lender HomeXpress specializes in nonqualified mortgages (non-QMs), business-purpose loans for real estate investors and other nonagency mortgage products. It expects to reach $3.5

Loan Officer 277

Loan Officer Principal Loans Mortgages 277

Housing Wire

SEPTEMBER 16, 2022

Fannie Mae has completed the sale of its 27 th reperforming-loan offering since the inaugural transaction in 2016. The deal represents Fannie Mae’s fourth reperforming-loan sale this year and involves a total of some 6,060 loans valued at $986.4 Terms of the sale were not disclosed. million; pool 2, 2,217 loans valued at $338.9

Sales 397

Sales Principal Loans Banks 397

Housing Wire

MARCH 23, 2023

New home sales continued to rise in February, jumping 1.1% On a year-over-year basis, however, new home sales are still down 19.0%. New home sales increased in February for the third straight month, in a sign that the market may be stabilizing,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. “New

Sales 410

Sales Principal MLS Mortgages 410

Housing Wire

MAY 12, 2022

billion in proceeds from those MSR sales — with UWM accounting for $871.8 That rising value, in turn, can make sales of MSRs a lucrative option for supplementing otherwise dour revenue streams. During the first quarter of 2022, UWM sold MSRs “on loans with an aggregate UPB [unpaid principal balance] of approximately $56.6

Sales 384

Sales Purchase and sale agreement Principal Loans 384

Housing Wire

JANUARY 10, 2025

Shelley Duffy , Incenter’s executive vice president of national sales, praised Rose and Brown for their aptitudes for problem-solving. ” Brown brings 20 years of experience to his new role, including 12 years at Freddie Mac , where he served as senior director of cash window sales and trading. .”

Principal 370

Principal Lending Development Mortgages 370

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. Gain-on-sale margins improved to 1.23% in the third quarter, up from 1.05% in the previous quarter.

Equity 409

Equity Principal Mortgages Lending 409

Housing Wire

NOVEMBER 5, 2024

Its pull-through gain-on-sale margin was 3.29% in Q3 2024, compared to 3.22% in Q2 2024. Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 The pull-through gain-on-sale margin is expected to be between 2.85% and 3.05%. Origination volume was $6.7 billion on Sept.

Purchase and sale agreement 384

Purchase and sale agreement Equity Loan Officer Principal 384

Housing Wire

DECEMBER 21, 2022

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

Sales 384

Sales Mortgages Principal Days on market 384

Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with an unpaid principal balance of $36.3

Loans 384

Loans Purchase and sale agreement Sales Principal 384

Housing Wire

APRIL 28, 2025

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. “We’re hiring forward to build scale, both in operations and sales. Wholesale partnerships Last week’s earnings painted an interesting picture for the company.

Marketing 371

Marketing Principal Mortgages Loans 371

Housing Wire

MARCH 5, 2024

Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 We estimate that an MSR sale could benefit CET 1 by 10-15 bp.” NYCB became a large mortgage servicer after the acquisition of Flagstar Bank in December 2022. billion, analysts wrote in a report on Monday.

Sales 435

Sales Banks Principal Loans 435

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Sales 417

Sales Loan Officer Principal Loans 417

Housing Wire

AUGUST 10, 2022

The unpaid principal balance of mortgage loans that UWM services for others as of June 30 stood at $308.1 The sale of MSRs does not directly impact earnings as a revenue stream, given the MSRs are already accounted for as assets on the balance sheet. million increase in the fair market value of its MSR portfolio.

Sales 397

Sales Purchase and sale agreement Loans Mortgages 397

Housing Wire

NOVEMBER 12, 2024

Gain-on-sale margins for Q3 2024 were 278 basis points, a decrease from 299 bps in the previous quarter but nearly unchanged from 276 bps in Q3 2023. Refinancing opportunities are largely coming from Rocket’s servicing portfolio, which reached an unpaid principal balance (UPB) of $546.1 billion from its third-party originator channel.

Purchase and sale agreement 384

Purchase and sale agreement Mortgages Principal Loans 384

Housing Wire

NOVEMBER 15, 2024

It appears to be a compelling model in an era of muted home sales and high origination costs, and it positions Rocket to compete against other large servicers with high recapture rates— Freedom Mortgage , Mr. Cooper , Pennymac and NewRez —as rival lenders without servicing increasingly get boxed out on repeat business.

Mortgages 369

Mortgages Equity Loans Principal 369

Housing Wire

AUGUST 16, 2024

billion in sales since 2018. Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. These values align seamlessly with the Compass culture.

Principal 419

Principal Brokerage Development Construction 419

Housing Wire

APRIL 30, 2025

In a sales call that took place just days after the Rocket-Mr. Ishbia did not discuss the plan to service loans in-house or its deal with ICE on its sales call with brokers on Wednesday, April 30, sources said. billion in unpaid principal balance (UPB) as of December 31, 2024, with a weighted average interest rate of 4.76%.

Mortgages 215

Mortgages Principal Technology Loans 215

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 sale of non-performing loans is being marketed with the help of BofA Securities Inc. million.

Principal 421

Principal Loans Investor Residential 421

Housing Wire

OCTOBER 11, 2021

Median existing home sales prices rose 15.6% To calculate the housing affordability index, a 20% down payment and a 25% ratio of principal and interest payment to income, is assumed. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior. in the same time period.

Principal 545

Principal Mortgages Sales As-is 545

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 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. billion.

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending 278

Lending Technology Title Development 278

Housing Wire

FEBRUARY 19, 2025

decrease on the national median sale price. Compass also grew its national market share by 65 basis points during the year ending in December, grabbing a 5.06% share of all home sales in Q4 2024. The data also suggests that the impact is greatest among the lowest-priced homes. less and those in the next lowest tier sell for 2.7%

MLS 258

MLS Brokerage Principal Agents 258

Housing Wire

MARCH 19, 2025

. “With Smitty joining the leadership team and June contributing her expertise to our faculty, we are forming a powerhouse of knowledge, innovation, and support for both agents and clients, Jeffrey Finn, the principal broker of United Real Estate Richmond, said in a statement.

Brokerage 201

Brokerage Principal Agents Industrial 201

Housing Wire

MAY 6, 2025

Overall, the wholesale lender s gain-on-sale margin stood at 94 basis points from January to March, down from 105 bps in the previous quarter and 108 bps in Q1 2024. According to them, operating earnings per share missed us and consensus because of a lower gain-on-sale margin and higher opex. billion as of March 31, compared to $242.4

Principal 258

Principal Mortgages Loans Sales 258

Housing Wire

AUGUST 16, 2024

Take out a traditional mortgage requiring a monthly payment of principal and interest , which would increase the amount of her monthly retirement distribution, again potentially resulting in a higher tax bill and most definitely decreasing the life of her retirement funds. Lisa Moriello is the National Reverse Sales Manager at loanDepot.

Mortgages 458

Mortgages Principal Equity Loans 458

Housing Wire

SEPTEMBER 29, 2023

homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5% the month prior. Due to a lack of supply, prices overall have been on the upswing.

Mortgages 508

Mortgages Principal Brokerage Finance 508

Housing Wire

MAY 19, 2023

The company’s unpaid principal balance reached $524.8 ” Rocket’s transaction follows the sale of billions in MSRs this year in the secondary market. Despite the MSR sale, Rocket’s executives hinted at buying servicing portfolios in a call with analysts several weeks ago.

Principal 109

Principal Loans Mortgages Banks 109

Housing Wire

AUGUST 6, 2024

Its pull-through gain-on-sale margin was 3.22% in Q2 2024, compared to 2.74% in Q1 2024 and 2.85% in Q2 2023. We opportunistically took advantage of strong market conditions and monetized approximately $29 billion of unpaid principal balance of our mortgage servicing rights. billion in the previous quarter and below the $6.3

Purchase and sale agreement 421

Purchase and sale agreement Principal Loan Officer Mortgages 421

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. million in sales in 2022, according to the RealTrends 2023 America’s Best list.

Principal 431

Principal Brokerage Technology Agents 431

Housing Wire

NOVEMBER 4, 2022

The lender’s gain-on-sale margins dropped to 52 bps points from the previous quarter’s 99 bps. UWM had $306 billion in the unpaid principal balance of MSRs as of September 30, compared to $308.1 UWM expects gain-on-sale margins to post around 75 to 100 bps in 2022. “We However, the strategy has come at a cost.

Principal 82

Principal Loan Officer Loans Mortgages 82