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HousingWire Annual: loanDepot’s Frank Martell talks Vision 2025 ‘wiggle room,’ profitability

Housing Wire

loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. Still, the company is working to make money and, when the market turns, accelerate growth in a profitable, sustainable way. “The market has changed a lot. . “The market has changed a lot.

Investing 382
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

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. And future rate cuts mean less return [for investors].

Investors 347
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What would it take to crash the housing market?

Housing Wire

In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

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Title earnings marred by slow market, cybersecurity incidents

Housing Wire

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. These strategic investments are resulting in cost ratios that are somewhat elevated given we are in a market with historically low transaction volumes,” Eppinger said.

Marketing 372
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Pennymac to issue $650M in unsecured debt

Housing Wire

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. The offer is subject to market conditions and other factors. For example, Freedom raised $1.3 In total, $1.8

Contracts 341
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Built-to-rent construction gains momentum amid affordable housing shortage 

Housing Wire

Housing affordability has plummeted to its lowest level since the 1980s, keeping many Americans in the rental market. The momentum is continuing as another 99,000 BTR homes are under construction in 2024, although the breakneck pace is expected to ease in 2025. Meanwhile, investors are flocking to the BTR sector.

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What the Biden tax plans mean for the housing market

Housing Wire

MSRs are booked as a balance sheet asset when loans are sold into the secondary market and show as book earnings at that time. I will focus here on the tax elements of the two proposals that would directly affect real estate markets. As part of the AJP, the administration is proposing to invest $213 billion in affordable housing.