Housing Wire

SEPTEMBER 13, 2021

The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017. Michael Bright, interim president at Ginnie Mae from 2017 to 2019, said that McCargo is a great pick. Since then, the industry has been waiting with bated breath for someone to fill the role.

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Finance Development Government Investors 401

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. Of the $1 billion total, $730 billion has been deployed since 2022, and the company has issued more than 10,000 HEIs in total as of January.

Investing 315

Investing Renovations Tools Real Estate 315

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. With about 35% of its customers being first-time real estate investors, Trius is hopeful to get repeat customers as it keeps its losses to a minimum, Shein added. “We

Mortgage 369

Mortgage Lending Investors Brokerage 369

Housing Wire

NOVEMBER 13, 2023

FHA market share is now at the highest level seen since 2017. The mortgage rate spread to Treasuries also grew in October as investors sought safe-haven assets amongst geopolitical concerns in Europe and the Middle East. The lost market share was primarily picked up by FHA production, which rose to 22% of total volume.

Mortgage 388

Mortgage Investors Marketing Business 388

Housing Wire

AUGUST 28, 2023

Levine also accused The Change Company of false representations to investors about the underlying characteristics of the mortgages it securitizes. Sugarman was the former chairman and CEO of Banc of California before resigning amid a SEC probe in 2017. The Change Company nor Change Lending responded to requests for comment.

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Lending Design Finance Contracts 369

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 392

Mortgage Investors Development Investing 392

Appraisal Buzz

OCTOBER 25, 2021

Founded in 2017, ServiceMac is an independent mortgage subservicer for lenders, investors and other mortgage servicers. “We First American Financial Corp. , a global provider of title insurance, settlement services and risk solutions for real estate transactions, has completed its acquisition of ServiceMac LLC.

Insurance 195

Insurance Real Estate Investors Technology 195

Housing Wire

APRIL 28, 2022

While digital asset investment has skyrocketed, many investors are still unable to use their cryptocurrency holdings to directly fund the most important purchases in life, like property,” Bill Barhydt, Abra’s CEO, said in a statement. . Founded in 2017, LoanSnap originated about $7.3

Mortgage 378

Mortgage Real Estate Real Estate Agent Investing 378

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. More securitizations, more availability of securitized investors’ capital, and eventually the ratings that have now come to the market are likely to drive down the cost of financing.

Finance 407

Finance Investing Real Estate Agent Real Estate 407

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. The company ceased operations in July 2017 after years of declining volumes. The originations went from $14.1 and former U.S.

Mortgage 313

Mortgage Investors Investing Technology 313

Housing Wire

NOVEMBER 18, 2022

In 2017, FNFs stake in Black Knight was distributed to Black Knight’s shareholders.). “In The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market.

Insurance 397

Insurance Investors Mortgage Technology 397

Housing Wire

MAY 31, 2022

Another, though, is fading enthusiasm from investors and IPO underwriters that a company can upend the notoriously fragmented residential real estate industry. The recent brokerage IPO wave started with Redfin in 2017. The company’s stock began trading at $22 a share in 2017 and zoomed to a $76 share price last February.

Real Estate 375

Real Estate Brokerage Realty Valuation 375

Housing Wire

MARCH 31, 2023

Now, for the first time, data on small business lending will give investors and lenders more insights to identify new opportunities that support economic growth, help policymakers measure the effectiveness of any government programs, and provide a data-driven approach to detect potential discrimination.”

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Lending Business Government Design 343

Housing Wire

JULY 17, 2023

“Whatever the approach, if the foreclosure rate for Black mortgage borrowers decreased to the average foreclosure rate among white mortgage borrowers, an estimated 300,000 more Black homeowners would keep their homes and have the opportunity to build generational wealth,” the report explained.

Mortgage 358

Mortgage Tools Insurance Development 358

Empire Appraisal Group

OCTOBER 21, 2021

Investor Invasion: Profit-Minded Home Buyers Flock to S. Redfin: Home purchases by investors in Miami and Fort Lauderdale jumped over 90% in 2Q 2021 compared to 2Q 2020; the 2020 numbers were impacted by COVID-19. MIAMI – Kaley Tuning and her husband began to invest in real estate in 2017 with the purchase of a modest home.

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Investors Buyers Real Estate Advertising 78

Housing Wire

DECEMBER 1, 2021

Since its creation in 2017, the company has raised $13.5 He is supporting the company as an investor and early adopter of its lender platform. Online real estate platform Clever has raised $8 million in a Series B funding round to expand its team and accelerate its mortgage efforts, the company said on Wednesday.

Mortgage 397

Mortgage Real Estate Real Estate Agent Agents 397

Housing Wire

OCTOBER 26, 2020

ServiceMac was founded in 2017 as an independent subservicer, offering lenders, investors and other mortgage servicers personalized solutions that span the mortgage life cycle, enhancing security, customer satisfaction, retention capabilities and profitability, the company said.

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Technology Insurance Real Estate Mortgage 403

Housing Wire

MAY 2, 2022

Potential borrowers who’ve been priced out of the housing market need to be able to compete with an increasingly growing share of cash buyers and investors who are beating them in bidding wars. in December to about 8% in March – the highest share since 2017. Presented by: Finance of America.

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Housing Market Mortgage Investors Finance 414

Housing Wire

SEPTEMBER 10, 2021

Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors. Since its launch in 2017, Orchard has raised $255 million in total equity. Last year, the company completed a $69 million series C funding round.

Lending 390

Lending Insurance Investors Real Estate 390

Housing Wire

MARCH 17, 2023

to plead guilty for filing false securities statements in a $69 million securities fraud case that stems from its 2017 initial public offering ( IPO ) and its annual filings in 2018 and 2019. Department of Justice ( DOJ ) announced this week that it has secured a commitment from Southfield, Michigan-based Sterling Bancorp, Inc.

Loan Officers 357

Loan Officers Law Investors Mortgage 357

Housing Wire

MARCH 3, 2022

In essence, it means that the investor in a securitization deal is analyzing two things — one, the credit worthiness of the underlying assets and, two, the operational capacity of the deal structure to collect and remit according to the outlined requirements. . It’s the credit of the underlying borrower that matters.

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Investors Legal Architecture Investing 335

Housing Wire

SEPTEMBER 2, 2021

Zeev was also an initial investor in the proptech’s 2017 Series B. Other repeat investors in its most recent round included Menlo Ventures , Group 11 and Stereo Capital. According to a Thursday release, the round was led by Zeev Ventures – the same VC to lead HomeLight’s $109 million Series C back in 2019.

Real Estate 316

Real Estate Buyers Sellers Investors 316

Housing Wire

OCTOBER 13, 2020

After it merges with Replay Acquisition Company , Finance of America will receive a $250 million investment from institutional investors, according to the Wall Street Journal , which first reported the merger. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017.

Finance 482

Finance Lending Retail Investing 482

Housing Wire

JANUARY 11, 2024

He has been an RPAC major investor since 2004 and has twice been inducted into NAR’s RPAC Hall of Fame. Sears jumped to higher level leadership roles within NAR in 2016, becoming NAR’s vice president for Region 1, before going on to serve as vice president of government affairs in 2017 and as the president’s liaison in 2019.

Realtors 390

Realtors Real Estate Legal Law 390

Housing Wire

FEBRUARY 7, 2023

Per a stockholders agreement, Hsieh has previously committed to vote for a representative of Parthenon, a major investor, as a company director. Since 2017, Ozonian has been the CEO of the title underwriter and real estate tech services provide, Williston Financial Group.

Real Estate 335

Real Estate Legal Contracts Mortgage 335

Housing Wire

SEPTEMBER 15, 2021

The proposed amendments “would better reflect the risks inherent in the Enterprises’ business models and encourage the Enterprises to distribute acquired credit risk to private investors rather than to buy and hold that risk,” the FHFA’s outline states. The amendments would: 1.

Investors 313

Investors Business Mortgage 313

Housing Wire

JANUARY 15, 2021

The company has applied for a national bank charter that would permit it to take uninsured deposits of over $250,000 from accredited investors, but not FDIC-insured deposits. Cagney helped found Figure in 2018 after leaving SoFi in 2017 following reports about a toxic culture and sexual harassment at the company.

Lending 261

Lending Technology Finance Insurance 261

Housing Wire

JANUARY 13, 2021

In 2017, Guaranteed Rate struck a deal with the largest real estate brokerage conglomerate in the country, Realogy , to form a landmark joint venture. The founder and CEO of Guaranteed Rate , which originated $73 billion in mortgages last year, has made joint ventures and acquisitions a cornerstone of his growing business.

Brokerage 349

Brokerage Retail Real Estate Investors 349

Housing Wire

OCTOBER 9, 2020

It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.” As recently as 2017, it was over 50%.

Marketing 370

Marketing Investors Technology Loan Officers 370

Housing Wire

DECEMBER 1, 2020

Co-founded in 2017 by Bryan Young and Steven Better, the company cobbled together seed money from grants, capital investors and an additional donation from Young’s previous businesses in an effort to “decentralize the application process.”. LOs are only human — Tech is necessary to keep up with max loan volumes.

Mortgage 282

Mortgage Lending Technology Investors 282

Housing Wire

NOVEMBER 9, 2020

It became very obvious that you had this segment of real estate professionals that was unlike most others,” said Gal, who launched San Francisco-based Side in 2017 with Edward Wu and Hilary Saunders. Guy Gal CEO at Side. “It Across the country today, there are roughly 1.4

Real Estate Agent 393

Real Estate Agent Real Estate Agents Brokerage 393

Housing Wire

NOVEMBER 23, 2021

In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020. One of the company’s investors, Al Goldstein, CEO of StoicLane , said in October that “the mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms.”.

Mortgage 376

Mortgage Loan Officers Retail Technology 376

Housing Wire

OCTOBER 23, 2020

Stone Point will become Lone Wolf’s lead institutional investor, powering the next phase of its growth and expanding its product offering, the company said. ” In 2017, Lone Wolf acquired Instanet Solutions , a provider of transaction management, electronic forms, and eSignature solutions for the real estate industry.

Technology 280

Technology Investing Real Estate Brokerage 280

Housing Wire

JANUARY 19, 2022

Fueled by venture capital money, Gal started Side in 2017 as a white label brokerage that would recruit well-established, high performing agents. In June, Side announced that it had “raised over $200 million in just three months” from venture capital investors and claimed a valuation of $2.5

Brokerage 381

Brokerage Real Estate Agents Valuation 381

Housing Wire

JULY 17, 2023

” When home prices started to fall in 2006 and investors abandoned the mortgage-backed securities (MBS) market in 2007, Countywide began running out of money. Phyllis died in 2017. In 2019, Mozilo stepped down from the board’s chairmanship and was engaged in consulting initiatives.

Lending 366

Lending Mortgage Business Government 366

Housing Wire

APRIL 5, 2021

“After wildfires destroyed much of Napa in 2017, the community rallied together and rebuilt, but when fires ravaged the area again in 2020, some folks just decided they were done,” Anderson said. A growing number of sophisticated investors are also betting that climate change will dramatically impact the housing market.

Buyers 456

Buyers Real Estate Agent Real Estate Brokerage 456

Housing Wire

FEBRUARY 11, 2021

As of early Thursday afternoon, investors seem to have responded well to loanDepot’s downsizing approach. In 2017, the company revived plans for an IPO but didn’t take the plunge. The stock was trading at $16.80 as of 12:34 p.m. EST and had even hit a high of $17.77 earlier in the day. billion to $2.6

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Retail Real Estate Agent Finance Mortgage 403