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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. The baseline or reference level (odds ratio =1) for each odds ratio is the default risk of mortgages originated by depositories between 2000-2003. times more likely to become 90DPD+ than depositories from a more normal underwriting period (2000-2003).

Sellers 414
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New American Funding partners with EasyKnock on sale-leaseback program

Housing Wire

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. The lender originated $14.9 billion in volume in 2022, a decline of more than 50% from its 2021 production of $30.5

Tenants 380
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Ishbia gets NBA Board of Governors’ blessing to buy the Phoenix Suns

Housing Wire

The seller is Robert Sarver, managing partner of Suns Legacy Holdings , which owns the Phoenix Suns and Mercury. The executive joined UWM in 2003. The transaction, which values the Suns and Mercury at $4 billion, first became public in December. The executive acquired both teams in 2004. billion.

Valuation 369
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Stewart starts 2022 with yet another acquisition

Housing Wire

Homeland Title has served homebuyers and sellers in middle Tennessee since 2003. The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. The terms of the deal were not disclosed. This latest acquisition expands Stewart’s presence in the Nashville area.

Investing 414
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CrossCountry strikes a deal to acquire LendUs

Housing Wire

Founded in 2003 by mortgage broker Ron Leonhardt, CrossCountry originated $52 billion in mortgages in 2021, up 22% year-over-year, checking in as the 17th biggest lender in the country, according to Inside Mortgage Finance. It has been a Freddie Mac , Fannie Mae and Ginnie Mae approved seller and servicer since 2012.

Retail 382
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Market Correction or Seller Panic?

Appraisal Buzz

This is a trend that leads me – and many others – to believe that we are quickly transitioning into a renter economy – much like the United Kingdom where their homeowner has fallen from 71% in 2003 to 63% in 2018. [2] Sellers are panicking right now which is almost always an opportunity for buyers. So, how do you comp in this market?

Sellers 435
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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

In Figgs’ video deposition, Michael Ketchmark, the lead attorney for the plaintiffs, asked her about a 2003 study titled, “ Can Free Entry Be Inefficient? Michelle Figgs, the former senior industry analyst at Keller Williams , appeared next. Gorman said that his understanding was that the proposal did not make it out of committee.

Training 404