Housing Wire

MAY 9, 2023

based private mortgage insurance company, a subsidiary of NMI Holdings, Inc. The company, which raised $30M through a Series A funding round in 2022, provides lenders with a modern system of record, customizable workflows for end-to-end mortgage loan fulfillment process, and open, cloud-based APIs. ” National MI is a U.S.-based

Mortgages 346

Mortgages Technology Investor Loans 346

Housing Wire

APRIL 4, 2023

Rithm Capital , the parent company of mortgage lenders Newrez and Caliber Home Loans , is expanding its business to Europe. The ongoing dislocations in the markets should enable us to generate attractive risk-adjusted returns for LPs and shareholders,” Michael Nierenberg, president and CEO of Rithm Capital, said in a statement.

Commercial 339

Commercial Lending Equity Banks 339

Housing Wire

DECEMBER 6, 2022

Startup Pylon raised $8.5 Conversion Capital led the funding with participation from Fifth Wall , Peter Thiel , QED Investors , Montage Ventures , and Village Global as well as Ramp , Blend , Zillow , SoFi and Figure , the company announced.

Pre-approval 337

Pre-approval Mortgages Banks Loans 337

Housing Wire

DECEMBER 17, 2021

Blank check company Southport Acquisition Corporation concluded on Tuesday a $230 million capital raising to pursue acquisitions mainly in mortgage and real estate verticals in the United States. . The SPAC’s CEO is Jeb Spencer, co-founder of the equity fund TVC Capital and former chair for the board’s M&A committee at Ellie Mae.

Mortgages 439

Mortgages Equity Title Technology 439

Housing Wire

JULY 8, 2021

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. ” Flexpoint Ford is a private equity investment firm that has raised more than $5 billion in capital.

Equity 377

Equity Commercial Technology Loans 377

Housing Wire

AUGUST 13, 2020

Director Calabria has one goal and that is to fully privatize the mortgage market and leave the GSEs as nothing more than a counter-cyclical last choice for the housing market. Calabria has written, spoken, and testified for years on his view that the mortgage market should be fully privatized. It’s time to take the gloves off.

Banks 534

Banks Mortgages Finance Loans 534

Housing Wire

JANUARY 29, 2021

As HousingWire first reported Thursday night , the company plans to raise $94.25 Shareholders from its private equity backer Stone Point Capital initially had hoped to raise $250 million by pricing 12.5 It looks like $94 million is being raised, with 7.25 HW: Home Point Capital downsized the IPO.

Equity 362

Equity Investor Mortgages Industrial 362

Housing Wire

FEBRUARY 10, 2023

This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call on Friday.

Closing 370

Closing Investor Residential Loans 370

Housing Wire

OCTOBER 7, 2022

Still, the global lender’s market capitalization is at about half of what it was at the start of the year and its earnings for the first half of the year are in the red. Last year, the bank incurred billions of dollars in losses linked to the failures British financial firm Greensill Capital and a U.S. In addition, U.S.

Purchase and sale agreement 382

Purchase and sale agreement Banks Mortgages Residential 382

Housing Wire

MAY 16, 2023

Ann Arbor, Michigan-based Home Point Capital did not experience the traditional ceremony to ring the Nasdaq Stock Market bell when the company went public in early 2021. Ultimately, Home Point Capital decided to sell the origination business to The Loan Store for a song on April 7, 2023, exiting the mortgage lending business entirely.

Mortgages 388

Mortgages Loans Lending Equity 388

Housing Wire

AUGUST 10, 2022

Angel Oak Capital Advisors , the investment management arm of non-QM lender Angel Oak Cos., Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. has agreed to pay $1.75 securities regulations.

Investor 366

Investor Renovation Principal Loans 366

Housing Wire

NOVEMBER 1, 2022

Sales Boomerang and Mortgage Coach merged in June, six months after private equity firm LLR Partners invested $80 million in both firms. Following its launch in 2019, Polly raised about $57 million from three rounds of funding. In January, the firm raised $37 million in Series B funding, led by venture capital firm Menlo Ventures.

Industrial 411

Industrial Mortgages Loan Officer Loans 411

Housing Wire

JANUARY 27, 2021

million shares of common stock; funds held by its private equity backer Parthenon Capital Partners would sell 5.59 At the midpoint range of $20 per share, loanDepot would raise $300 million. billion, according to analysts at Renaissance Capital. billion, according to analysts at Renaissance Capital. and $21.00

Equity 431

Equity Banks Mortgages Finance 431

Housing Wire

FEBRUARY 3, 2022

San Diego-based Mortgage Capital Trading (MCT) described market conditions as being “ripe for MSR bulks sales” in an analysis posted on its website in late October of last year. MSR buyers include banks, nonbanks, real estate investment trust as well as private equity firms, according to Piercy and public records.

Purchase and sale agreement 365

Purchase and sale agreement Marketing Equity Banks 365

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. In September, Goldstein launched the private holding company StoicLane alongside Matt Foran and Jake Nice.

Mortgages 321

Mortgages Investor Loan Officer Principal 321

Housing Wire

AUGUST 2, 2022

Freedom Mortgage , one of the country’s largest mortgage servicers, recently unveiled its second private-label offering this year backed by MSRs. In April, Freedom Mortgage also launched a private-label offering involving a $350 million interest-only note offering backed by participation interests in its Ginnie Mae MSRs holdings.

Mortgages 390

Mortgages Loans Banks Sales 390

Housing Wire

JUNE 8, 2021

Now, the Atlanta-based lender is looking to raise $165 million as part of an independent public offering. In an update on Tuesday, Angel Oak Capital said it planned to sell 8.1 The Canada Pension Plan Investment Board has also agreed to purchase $40 million in shares in a private placement following the IPO. trillion. .

Mortgages 236

Mortgages Loans Banks Lending 236

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We Figure Technologies raised $1.6

Banks 384

Banks Mortgages Due diligence Technology 384

Housing Wire

JANUARY 25, 2023

“When something like this comes up [rumors of a big market transaction], that immediately makes its way to two or three people, and mortgage traders tend to have loose lips, so secrets don’t last very long,” said Ben Hunsaker, a portfolio manager focused on securitized credit for California-based Beach Point Capital Management.

Banks 358

Banks Loans Mortgages Sales 358

Housing Wire

MAY 23, 2022

If they raise their offered rates much above the market, they will lose the business. However, the largest component of credit pricing is a function of the capital that each GSE needs to hold against a stress level of credit losses associated with the loan (e.g., That implies 4% capital given the 8% capital requirement.

Loans 397

Loans Mortgages Investor Industrial 397

Housing Wire

MARCH 18, 2021

Offerpad will also receive a $200 million commitment from private equity investors such as BlackRock and Zimmer Partners. Offerpad’s experienced tech and real estate leadership team created a highly efficient ibuying business, while raising less capital than competitors,” the release reads. Presented by: Propertybase.

Loan Officer 431

Loan Officer Technology Equity Brokerage 431

Housing Wire

OCTOBER 23, 2020

The settlement occurred just before Guild and its private equity owners McCarthy Capital Partners made a debut on the public markets. Through Guild Holdings, the lender’s management and the private equity investors planned to issue 8.5 It would have raised approximately $153 million. Instead, Guild sold just 6.5

Mortgages 491

Mortgages FHA loan Lending Equity 491

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 373

Mortgages Marketing Banks Investor 373

Housing Wire

MAY 16, 2022

When the cap was in place, private-label electronic mortgage clearinghouses with Wall Street investors benefited. Polly raised about $57 million from three rounds of funding since its launch in 2019. Polly raised about $57 million from three rounds of funding since its launch in 2019.

Mortgages 357

Mortgages Investor Loan Officer Loans 357

Housing Wire

JANUARY 5, 2023

A slew of lenders have exited the business recently, and others have significantly reduced downsized operations, especially in the nonbank financial sector, the report said, while noting that “industry capacity and capital availability, especially for unconventional sectors, will provide challenges.”.

Marketing 438

Marketing Equity Loans Investor 438

Housing Wire

NOVEMBER 11, 2020

LoanDepot , backed by private equity shop Parthenon Capital Partners, first announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” It recently sold $500 million in senior notes at a 6.5% billion in its IPO.

Equity 432

Equity Technology Lending Mortgages 432

Housing Wire

FEBRUARY 7, 2023

.” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development. Rice Park Capital acquired some $30 billion in MSRs [UPB] in 2022, Smith said. They have to raise cash because you can only burn cash for so long.

Investor 302

Investor Finance Loans Mortgages 302

Housing Wire

MAY 31, 2022

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. The reason to stay private is twofold, industry experts said. Let’s keep this private. Today, though, Side is radio silent on going public.

Brokerage 378

Brokerage Investor Technology Industrial 378

Housing Wire

DECEMBER 1, 2021

In August, the company received a strategic investment by the private equity firm Novacap to accelerate its growth plan. Investment banks expect mergers, acquisitions, and capital raises opportunities in the mortgage market in the coming year, as the pandemic has accelerated the adoption of digital lending.

Title 387

Title Technology Inspection Closing 387

Housing Wire

NOVEMBER 29, 2022

As early as September, months ahead of the FHFA announcement, a group of mortgage lenders raised their ceilings to $715,000 (baseline) and $970,800 (high-cost areas), lower compared to the loan limits announced. That the conforming loan limit will eclipse $1 million in designated counties next year raises alarm for some housing groups.

Loans 265

Loans VA loan Lending Mortgages 265

Housing Wire

FEBRUARY 5, 2021

Thompson started his mortgage career as an originator, working his way up to regional manager, eventually starting his own firm, Texas Capital Lending. Invictus Capital Partners , an alternative investment management firm, appointed Doug Kinney as senior managing director, head of investor relations.

Banks 265

Banks Mortgages Lending Investor 265

Housing Wire

FEBRUARY 11, 2021

Online retail lender loanDepot raised just $54 million by offering 3.9 LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5 LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5

Loans 409

Loans Finance Mortgages Closing 409

Housing Wire

NOVEMBER 30, 2022

That correction, well underway, has already taken a hammer to the performance of the private-label and agency mortgage-backed securities (MBS) markets, which are tied closely to lenders’ success in growing mortgage originations. Once the Fed stops raising rates, the market could be expected to normalize. Dour outlook. Keep hope alive.

Mortgages 393

Mortgages Marketing Loans Closing 393

Housing Wire

JANUARY 22, 2021

Home Point Capital , the parent company of wholesale lender Homepoint , announced Friday that certain undisclosed stockholders plan to sell 12.5 million shares of Class A common stock, raising $250 million in an independent public offering. At the midpoint of $20 per share, the sale would value Home Point Capital at roughly $3 billion.

Sales 222

Sales Equity Loans Banks 222

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. To understand the context, U.S. To understand the context, U.S.

Mortgages 352

Mortgages Banks Marketing Residential 352

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 378

Marketing Banks Mortgages Investor 378

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. billion valuation. billion.

Banks 271

Banks Lending Technology Mortgages 271