Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7 billion (£3.7

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Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011.

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Mortgage Investors Investing Technology 375

Housing Wire

JUNE 9, 2021

Bank CRA obligations cover far more than their mortgage lending. IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency secondary market ( Ginnie Mae , Fannie Mae , Freddie Mac ).

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Housing Wire

JULY 17, 2023

Mozilo avoided working with subprime loans until the late 1990s, when after noticing that his firm was losing business to competitors, Countywide embraced the type of subprime mortgage lending that eventually led to the housing crisis in 2008. And they did it at a massive scale.

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Housing Wire

NOVEMBER 18, 2022

On the origination side, these companies’ costs exceeded $11,000 per loan for the first time, despite a reduction of 19% year over year for the total employees per firm, which contributed to the pre-tax net income in Q3 hitting its lowest level since 2008. Presented by: Acra Lending. How are higher mortgage rates affecting servicing?

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Lending Mortgage Valuation Business 382

Housing Wire

JANUARY 18, 2023

There are a few investors, including Pennymac, that are in a good position to take advantage of that opportunity.”. It also plans to increase minority home lending through a special purpose credit program it launched last year. Connie Kim: How does Wells Fargo exiting the correspondent lending channel affect Pennymac?

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Housing Wire

OCTOBER 2, 2020

Nonbanks are intermediaries that originate loans to the terms of the ultimate investor. These investors included the GSEs, the Ginnie Mae programs, larger bank portfolios, and Wall Street firms. Nonbanks do not set the rules of lending. They sell all of their loans to investors.

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Government Investors Lending Mortgage 521

Housing Wire

FEBRUARY 13, 2023

The stock car team is also accusing EPM of breaching the contract by failing to make more than $4 million in sponsorship payments following a “margin call” from its investors. Perez, who founded EPM in 2008, said he admired Jesse Iwuji’s personal story, according to the lawsuit. It’s mostly known for wholesale lending.

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Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. The combination of these factors has some feeling 2008 déjà vu. But today’s housing market differs from 2008 in several important ways.

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Housing Market Finance Marketing Mortgage 382

Housing Wire

MARCH 2, 2023

While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. Our credit committee actually works with rating agencies, investors and investment bankers to put together our own guidelines. The lender securitized four deals in 2021.

Mortgage 393

Mortgage Investors Development Investing 393

Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Nor can we ever have a credit sales boom again with lending standards back to normal.

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Inventory New Listings Law Housing Market 382

Housing Wire

MARCH 15, 2023

Signature’s closure followed Silicon Valley Bank ’s collapse on Friday, the biggest bank failure since Washington Mutual in 2008. The Wall Street Journal reported Wednesday that New York real estate investors yanked money out of Signature Bank last week, which played a significant role in the bank’s collapse.

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Insurance Investors Real Estate Mortgage 370

Housing Wire

MARCH 9, 2022

The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans. Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. Presented by: Sagent Lending Technologies .

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Property Taxes Clients Mortgage Technology 356

Housing Wire

OCTOBER 1, 2022

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%. Another reason why distressed sales are likely low, is that lending standards remain tight.

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Realtors Housing Market Marketing Buyers 393

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively.

Mortgage 382

Mortgage Loan Officers Retail Technology 382

Housing Wire

SEPTEMBER 20, 2022

Founded in 2008, ResMac is a nonbank mortgage lender that originated, on average, $15 million in loans over the last 12 months and has licenses in 31 states, according to the mortgage tech platform Modex. .” According to Tullos, the company made an arrangement to work on a contract basis with some of the employees that were laid off.

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Marketing Investors Retail Mortgage 370

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. It was the biggest bank failure since Washington Mutual collapsed in 2008. Mauro Guzzo, founder and executive chairman at brokerage firm Guzzo & Co, said he has not seen lenders further tightening lending conditions since last week.

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

SEPTEMBER 20, 2022

The housing industry is much more regulated in a post housing crisis era, and ARMs may not be utilized as they were pre-2008. There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. That could help increase the number of potential borrowers and more lending.

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Marketing Training Clients Technology 369

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 370

Mortgage Bracketing Loan Officers Investors 370

Housing Wire

APRIL 13, 2022

According to a recent MBA report, per-loan production expenses reached $8,664 in 2021, compared to $ 7,578 in 2020, the highest level since the inception of their report in 2008. We’ve made a lot of progress,” said Thomas Wind, executive vice president of consumer lending at the U.S. Bank Home Mortgage.

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Mortgage Technology Development Finance 404

Housing Wire

NOVEMBER 23, 2022

While it is true that many nonbanks entered this downturn with a large war chest of cash and capital, this is more than offset by the impact of warehouse and investor covenants, which are causing lenders to move expeditiously to cut costs,” Jim Cameron, Stratmor Group ’s senior partner, wrote in a report published this week. “In

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Marketing Loan Officers Business Mortgage 382

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. ” Just a little less vanilla. and Sprout Mortgage.

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

NOVEMBER 10, 2020

Liquidity had dried up and bond investors were running for the hills. So when that happens, you don’t originate, you don’t lend at par for something at 88. It wasn’t that borrowers weren’t performing, it was that the investors didn’t have a broad appetite.”. So you stop.”. Everyone bowed out.

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Business Mortgage Investors Loan Officers 424

Housing Wire

OCTOBER 7, 2022

Adding to the global lender’s woes this week was investor speculation on social media questioning the bank’s stability. RMBS market. “… Loans are actively sold to various investors in both whole loan sales and securitized transactions, depending on client appetite. Credit Suisse through its subsidiary DLJ Mortgage Capital Inc.,

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Supply Chain Mortgage Investors Business 393

Eppraisal

APRIL 21, 2023

Not only do we fear losing deposits, we also worry about the effect of failure on lending, credit and their costs. They are businesses that lend money, borrow money and invest money that they hold on behalf of their customers. Skittish investors flock to conservative vehicles like bonds and treasury bills.

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Lending Housing Market Marketing Real Estate 28

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. I thought it was sparse.

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Lending Real Estate Agent Loan Officers Retail 393

Housing Wire

JUNE 16, 2022

With investors asking for higher premiums to invest in assets caused by the expectation of higher U.S. Although the 30-year fixed-rate mortgage surpassed 6%, its highest level since November 2008, some economists expect mortgage rates to go down in the coming weeks. The consumer-price index rose 8.6% Labor Department.

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Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

MAY 13, 2022

In 2008 when blockchain and its celebrity use case of BitCoin came into view, with breathless excitement discussions of complete decentralization of purchases and bank-less futures coursed freely through public discourse. Simple realities like investor doc delivery can be avoided by virtue of upstream use of blockchain on DLTs.

Contracts 346

Contracts Technology Architecture Government 346

Housing Wire

OCTOBER 12, 2020

Some of their biggest hits (or should I say misses) in the last 8 years have been the never-realized silver tsunami crash, the ever popular investor supply crash, the Airbnb supply crash, and this year, COVID-19 was for sure going to send prices crashing 30%-50%. We just need to look back to 2008 when we had over 10 million delinquent loans.

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Inventory Housing Market Marketing Mortgage 545

Patch of Land

OCTOBER 26, 2018

But, investors continue to find deals and set records while increasingly tapping the debt markets to finance their flips. percent a year ago and the highest level since third quarter 2008. What does the future portend for fix and flip investors and the lenders that finance their deals? Flips purchased with financing rise to 9.5-year

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Finance Investors Real Estate Construction 31

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That should help to unlock more inventory while also reducing financing costs for leveraged investors. million households formed each year.”

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Investors Marketing Inventory Real Estate 450

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. of the U.S. population. An army of door-knockers.

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Law Mortgage Legal Finance 370

Housing Wire

APRIL 8, 2021

When concern about the economy is high, investors gravitate toward safe-haven investments like Treasury bonds and mortgage bonds, pushing bond prices higher but the yields on those bonds lower.”. In fact, the recovery from the COVID pandemic is in stark contrast to that of the 2008 Great Recession.

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Development Lending Mortgage Marketing 414

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. Real estate investors are taking advantage of the low interest rates and are scooping up investment properties. How it's Different From the Last Crash The crash of 2008 was caused by real estate.

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Real Estate Marketing Inventory Home Value 45

Housing Wire

SEPTEMBER 12, 2023

This left a void in the mortgage lending market, which was filled by IMBs. IMBs are often more flexible than traditional banks, and they are more likely to lend to borrowers with less-than-perfect credit due to their strategy of having multiple investor outlets. In 2008, IMBs originated less than 20% of conventional mortgages.

Mortgage 393

Mortgage Investors Business Lending 393

Housing Wire

APRIL 8, 2022

The years 2020-2024 were always going to be different from 2008-2019. As you can see above, the monthly supply in 2006, 2007, 2008, 2009, 2010, and 2011 was above 6 months on average, running at 8.71 housing market, and we should never ease lending standards to try to facilitate demand. Credit worsened from 2005 to 2008.

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Housing Market Marketing Inventory Lending 393

Listing Spark

AUGUST 11, 2022

For those that haven’t been a real estate investor before, hard money lending may be confusing. We’ll dive into hard money lending with Romney Navarro, CEO of Streamline Funding which is a Texas-based private lending company. Romney says that if you’re a first time investor or new builder, you need to find a partner.

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Real Estate Investors Lending Investing 36