Housing Wire

JANUARY 11, 2023

Nashville, Tennessee-headquartered Defy Mortgage is the latest player to join the non-QM (non-qualified mortgage) lending space, which targets entrepreneurs and gig workers who have various forms of collateral, including cryptocurrency. We are able to count it as liquidity from a reserve requirement and for asset depletion.”.

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Lending Mortgage Marketing Technology 414

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Then known as Citadel Servicing, the company was acquired by HPS Investment Partners, LLC in February 2020 for an undisclosed price. Citadel resumed non-QM lending in the summer.

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Lending Investing Business Retail 326

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.

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Brokerage Real Estate Lending Mortgage 393

Housing Wire

DECEMBER 14, 2021

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ). And it is growing fast, he added. “We’re

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Lending Technology Government Investors 339

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Do they need a pre-closing investor review? Of that volume, $6.2

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Investors Investing Insurance Lending 338

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire. Originations.

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Lending Valuation Clients Tools 391

Housing Wire

FEBRUARY 9, 2021

Its new “Mega Elite” non-QM and debt service coverage ratio product lineup includes alternative income documentation products such as its three- and 12-month bank statement products, CPA and borrower prepared P&L and asset utilization, and its investment properties debt service coverage ratio with 1:1 and no ratio options.

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Lending Investors Mortgage Marketing 344

Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. “In wholesale, you can shop and sell the loan to a multitude of investors.

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Loan Officers Mortgage Retail Lending 390

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. This vision is a big part of why we wanted to put gas on the fire with this investment.”

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Investors Mortgage Investing Loan Officers 295

Clear Capital

MARCH 27, 2024

ClearAVM’s up-to-date and reliable valuations help property investors and asset managers make more informed investment, management and underwriting decisions with confidence. SFR investors also depend on AVMs to evaluate a portfolio of assets, inform leasing and asset sale decisions and ensure due diligence.

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Investors Investing Valuation Real Estate 69

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HousingWire: What sets you apart from other non-QM lenders and how does that benefit originators and investors?

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Lending Clients Investing Investors 278

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

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Lending Housing Market Technology Business 328

Cleveland Appraisal Blog

AUGUST 25, 2022

How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Today, Cleveland Appraisal Blog shares a few tips for first-time investors. You’ve just purchased your first property to renovate.

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Investing Renovations Landlords Real Estate 332

Housing Wire

FEBRUARY 21, 2023

The deal will offload an FoA subsidiary division that offers residential real estate investment loans. Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors.

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Business Lending Finance Real Estate 321

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

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Lending Renovations Construction Finance 345

Housing Wire

NOVEMBER 9, 2023

According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year. Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year.

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Lending Investors Business Mortgage 353

Housing Wire

OCTOBER 11, 2022

The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties.

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Mortgage Investors Investing Lending 369

Housing Wire

SEPTEMBER 29, 2020

Right now, while things are good, invest in cross-training your staff. People take pride in their work when they believe that their leaders are invested in them as people — not just as tools to help them reap short-term rewards. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire.

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Lending Loan Officers Business Investors 410

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This helps attract ongoing investment capital into the housing sector.

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Technology Mortgage Investors Lending 393

Housing Wire

OCTOBER 5, 2023

Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted.

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Real Estate Housing Market Marketing Investors 404

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio.

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Realty Loan Officers Retail Real Estate 344

Housing Wire

AUGUST 16, 2022

335), Trius Lending Partners (no. Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip.

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Mortgage Lending Investors Brokerage 368

Housing Wire

NOVEMBER 17, 2023

The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. After the deal was public, Rithm faced competition from a group of investors , including Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff Yass. They offered $13.50

Real Estate 388

Real Estate Investors Investing Legal 388

Housing Wire

NOVEMBER 21, 2022

Amid surging rates, declining volumes and a reduced appetite from investors in the secondary market, there are a growing number of casualties in the mortgage space, especially in the riskier non-QM segment. FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June.

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Investors Investing Real Estate Clients 353

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential.

Mortgage 356

Mortgage Investors Retail Investing 356

BiggerPockets

AUGUST 18, 2022

Recently, when the Fed raised interest rates again, my company, an institutional real estate investment lender in the private lending community, was bombarded with calls from investors saying, “My lender […].

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Lending Investors Real Estate Investing 57

Housing Wire

FEBRUARY 25, 2022

“I think non-QM could be another money-making product for all of these originators,” said Keith Lind, executive chairman and president at Acra Lending. When you’re dealing with investors, mistakes cannot happen.”. 1 it was underwritten correctly, and two it fits a credit box of an investor that’s willing to buy it,” Lind said.

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Lending Investors Technology Investing 338

Housing Wire

JULY 7, 2023

ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors. But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-and-flip or a bridge loan than in past years.

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Marketing Lending Investors Real Estate 349

Housing Wire

MAY 10, 2024

Additionally, the company recently received a $3 million investment led by the venture capital firm Founders Fund. The investors included Tony Xu, chief executive of DoorDash ; Dylan Field, CEO of Figma ; and Paul Gu, co-founder of lending platform Upstart , among others. Roam also added a new guarantee for its customers.

Mortgage 401

Mortgage Buyers Lending Investors 401

Housing Wire

DECEMBER 13, 2023

A recent report from real estate investment firm The Amherst Group forecasts that the combined net issuance of agency MBS is projected at $250 billion for 2023, compared with $530 billion last year. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

Mortgage 352

Mortgage Marketing Investors Lending 352

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans was acquired by investment firm Pretium in November 2021.

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Investors Housing Market Finance Construction 424

Housing Wire

SEPTEMBER 5, 2023

The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We First, Lind said, it is important to note that nearly 50% of non-QM production right now is investor loans. They would rather invest money in the housing market than in the stock market,” he said. billion in 2023, an increase from $2.1

Marketing 344

Marketing Loan Officers Lending Brokerage 344

Housing Wire

JUNE 28, 2022

Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). . ” . Mispricing at FGMC? .

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Human Resources Investors Lending Investing 382

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 394

Housing Wire

NOVEMBER 30, 2021

“There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. There’s more people looking to invest in U.S.

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Supply Chain Lending Investors Renovations 337

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. Fulton is purchasing $6 billion in assets from Republic, including its $2 billion investment portfolio and $2.9 FDIC), the appointed receiver, explained in a statement. billion in loans.

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Loan Officers Insurance Mortgage Lending 331

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

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Finance Marketing Renovations Investors 361