Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. In the fourth quarter, however, mortgage originations declined 22% compared to Q4 2020 and 7% in comparison to the Q3 2021, to $6.89

Finance 378

Finance Investors Mortgage Home Improvement 378

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. of the company and there were no outside investors. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage.

Mortgage 432

Mortgage Brokerage Loan Officers Business 432

Housing Wire

JUNE 10, 2022

The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.

Investors 480

Investors Government Buyers Mortgage 480

Housing Wire

FEBRUARY 5, 2024

The 30-year fixed mortgage rate surpassed the 7% mark on Monday on the heels of strong economic data and the Federal Reserve signaling that it will move carefully with any future cuts to interest rates. The 30-year conforming fixed mortgage rate was at 7.04% on Mortgage News Daily and 6.91% on HousingWire’s Mortgage Rate Center.

Mortgage 469

Mortgage Investors Marketing 469

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending.

Mortgage 333

Mortgage Loan Officers Investors Business 333

Housing Wire

MARCH 16, 2021

HousingWire recently sat down with Scott Happ, president of Secondary Marketing Technologies for Black Knight, to discuss the impact this has on mortgage originators and investors. The combination of a rise in inflationary expectations and higher real rates of return has caused mortgage rates to increase by about 0.5%

Investors 390

Investors Marketing Mortgage Technology 390

Appraisal Buzz

FEBRUARY 28, 2022

Funds managed by CarVal Investors , a global alternative investment manager, have established Mill City Loans , a mortgage conduit with a focus on building lasting relationships with originator partners in the acquisition of residential mortgage assets across multiple strategies. where he served as general counsel.

Investors 221

Investors Mortgage Investing Appraisal 221

Housing Wire

AUGUST 10, 2022

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. The post SEC claims Angel Oak Capital Advisors deceived investors appeared first on HousingWire. has agreed to pay $1.75

Investors 359

Investors Renovations Investing Mortgage 359

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Mortgage 378

Mortgage Investors Real Estate Business 378

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. If too many mortgages default, the MBS can lose significant value.

Technology 406

Technology Mortgage Investors Lending 406

Housing Wire

DECEMBER 7, 2023

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. for the first time since September, according to new data from Freddie Mac.

Mortgage 526

Mortgage Housing Market Investors Marketing 526

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. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investors 303

Investors Mortgage Investing Loan Officers 303

Housing Wire

MARCH 5, 2024

Ahead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Polly ’s average 30-year fixed rate for conventional loans was 7.17% on Tuesday, down from 7.24% one week earlier, according to HousingWire’s Mortgage Rates Center. one week earlier.

Mortgage 450

Mortgage Inventory Sellers Investors 450

Housing Wire

NOVEMBER 8, 2022

Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. MCT aims to utilize Kennelly’s experience in the mortgage industry and capital markets to grow its Bid Auction Manager Marketplace, an open mortgage loan exchange platform launched in 2020.

Investors 345

Investors Sellers Buyers Technology 345

Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. He is expected to strengthen Cenlar’s relationships with stakeholders in this role, including agency investors, shareholders, clients, and rating agencies. territories.

Investors 315

Investors Clients Finance Development 315

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. According to the tech leader, “it feels like there’s a target on mortgages,” which makes sense considering the types of data and documents these companies deal with.

Mortgage 413

Mortgage Supply Chain Investors Technology 413

Housing Wire

MARCH 26, 2024

Ellington Financial , the parent company of reverse mortgage industry lender and servicer Longbridge Financial , announced the successful closing of a new securitization backed by a pool of proprietary reverse mortgages initially originated by Longbridge. Line-of-credit versions are available in 18 states and D.C.

Mortgage 428

Mortgage Business Investors Marketing 428

Appraisal Buzz

JANUARY 25, 2022

UWM Holding Corporation today announced Blake Kolo (CPA, CVA, CFE, CFF) has been named Head of Investor Relations in addition to his current position as Chief Business Officer at UWM. Kolo will assume responsibilities for investor relations, which were previously held by Matt Roslin.

Investors 195

Investors Mortgage Business Appraisal 195

Appraisal Buzz

SEPTEMBER 23, 2021

Mortgage rates rose slightly this week to 2.88%, still below the 3% with prospective homebuyers snatching up all available inventory. The post Foreign Investor Treasury Purchases Hold Mortgage Rates Steady appeared first on theMReport.com.

Investors 195

Investors Mortgage Inventory Appraisal 195

Housing Wire

NOVEMBER 30, 2023

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. Bright MLS ’ 2024 forecast indicates that mortgage rates will fall to 6.5% on Thursday.

Mortgage 511

Mortgage Inventory Tools Investors 511

Housing Wire

MARCH 15, 2024

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). She has a track record of proven leadership, and she will play an integral role as we continue to expand our position as the leader in mortgage secondary marketing technology.”

Mortgage 402

Mortgage Technology Valuation Investors 402

Appraisal Buzz

OCTOBER 11, 2021

Guild Mortgage Correspondent is the most recent addition to Promontory MortgagePath ’s investor network. Promontory MortgagePath is a provider of digital mortgage fulfillment services. As lenders advance their investor relationships, their ownership of the origination processes increases — and so does their earning potential,”.

Investors 195

Investors Mortgage Clients Lending 195

Housing Wire

NOVEMBER 9, 2023

As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. The 30-year, fixed mortgage averaged 7.5% 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. New inflation data comes out Tuesday, giving investors more clues on the Fed’s path moving forward.

Mortgage 466

Mortgage Inventory Investors Housing Market 466

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Is the housing market normalizing?

Mortgage 445

Mortgage Housing Market Sellers Inventory 445

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. He added that Splitero was looking for other investors and hinted that the company would have some good news to share soon.

Investors 394

Investors Investing Contracts Loan Officers 394

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time. Other indices showed significantly higher mortgage rates this week. on September 27 from 4.3%

Mortgage 458

Mortgage Inventory Sellers Investors 458

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

Mortgage 451

Mortgage Retail Buyers Investors 451

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct.

Mortgage 450

Mortgage Modernization Government Investors 450

Housing Wire

NOVEMBER 2, 2023

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey. On Wednesday, the U.S.

Mortgage 469

Mortgage Investors Housing Market Marketing 469

Appraisal Buzz

SEPTEMBER 22, 2021

ICE Mortgage Technology , part of Intercontinental Exchange Inc., The integration with ICE Mortgage Technology’s Encompass Investor Connect will make PennyMac one of the largest correspondent aggregator within a network of correspondent investors available on one platform.

Technology 195

Technology Investors Mortgage Appraisal 195

Housing Wire

APRIL 4, 2023

Add Moon Mortgage to the list of fintechs offering crypto-backed mortgages. It has to be about how an investor can use it for real-world gains,” Tristan Marino, who co-founded the company with Aaron Nevin in 2022 after their frustration with the lack of digital asset applications, said in a statement.

Mortgage 364

Mortgage Investors Retail Investing 364

Housing Wire

SEPTEMBER 21, 2023

(ICE) and investment research firm Delta Terra Capital announced a partnership to offer climate-adjusted credit risk analytics for residential and commercial mortgage-backed securities (MBS). DeltaTerra Capital is an investment research and consulting firm focused on climate risk analysis for institutional investors.

Investors 234

Investors Investing Finance Insurance 234

Housing Wire

JULY 6, 2022

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. Sprout does most of its business through mortgage brokers.

Mortgage 500

Mortgage Retail Investors Business 500

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 364

Mortgage Marketing Investors Lending 364

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. range mid-week, and mortgage rates also tracked lower,” Jones added.

Mortgage 466

Mortgage Investors Buyers Inventory 466

Housing Wire

FEBRUARY 7, 2024

According to a Bloomberg report, the bank has already started to offer its mortgage assets to investors in order to transfer the portfolio risks. Bloomberg, citing anonymous sources, reported that NYCB has contacted investors to finance a large portfolio of residential mortgages held by Flagstar Bank. It also had $84.3

Mortgage 393

Mortgage Marketing Investors Real Estate 393

Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers.

Investors 354

Investors Marketing Contracts Investing 354