Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

Marketing 328

Marketing Lending Investors Real Estate 328

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. When COVID-19 hit, the non-QM market disappeared. Presented by: WFG.

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Lending Investing Business Retail 308

Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . With non-QM, the scenarios are just everywhere, and it requires an expertise and a skill set that takes years to learn.

Lending 314

Lending Technology Government Investors 314

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. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgage 326

Mortgage Marketing Investors Lending 326

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. How 2020 continues to impact mortgage closings.

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Lending Technology Finance Insurance 247

Housing Wire

APRIL 8, 2021

In early 2020, Zoom was barely a known company in America. By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote. For those that have focused on purchase lending, they will see less of a drop in total volume. this year.

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Development Lending Mortgage Marketing 413

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. Secondary Marketing. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.

Lending 373

Lending Valuation Clients Tools 373

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

OCTOBER 5, 2023

His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

Technology 356

Technology Real Estate Lending Investors 356

Housing Wire

APRIL 20, 2022

Without a national market, local supply and demand for mortgages could become unbalanced. The mortgage markets of 2007 and 2020 remind us that there is no durable mortgage market without federal backing (including the banking system). Nongovernment-backed lending disappeared in both cases virtually overnight.

Housing Market 411

Housing Market Marketing Lending Investing 411

Housing Wire

DECEMBER 7, 2020

With record origination volume stretching capacity and a fresh infusion of capital from the public markets en route, a slew of big nonbank lenders are shifting strategies and declining to sell their mortgage servicing rights, which they’d previously relied on to fund their operations. In fact, roughly $70.8

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Lending Investors Finance Mortgage 222

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. Inventory collapsed in 2020, 2021 and 2022.

Housing Market 391

Housing Market Marketing Inventory Lending 391

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 261

Housing Wire

FEBRUARY 4, 2021

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. Although this issuance is much smaller than the typical balance from Deephaven (about $400 million per MBS in 2019 and beginning of 2020), this officially marks its return to the market.

Mortgage 300

Mortgage Marketing Lending Government 300

Housing Wire

APRIL 24, 2024

Multichannel lender American Financial Resources (AFR) appointed Michael Brenning as its head of production and Brian Collins to the role of executive vice president of capital markets, the company announced Tuesday. In February , AFR was acquired by a group of investors led by Colorado-based fund manager Proprietary Capital.

Lending 280

Lending Investors Clients Technology 280

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. HousingWire: How is the shift from refi to purchase affecting the non-QM market? But it may not be as sensitive as the more traditional refinance market. And investor guidelines are continually evolving.

Marketing 316

Marketing Investors Technology Loan Officers 316

Housing Wire

APRIL 22, 2022

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. For investors, a warning: it means that profitability will take some time to achieve. . on April 20.

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

JANUARY 9, 2024

CCM claims it is “the first mortgage lender to commit to issuing MBS exclusively based on FICO Score 10 T,” a step for investors at the $12 trillion MBS global market “to familiarize themselves with the new score and realize the promised performance improvement.” Fair Isaac Corp.

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Investors Mortgage Finance Government 401

Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. The post How hybrid title and valuations help increase lending efficiency appeared first on HousingWire. Altisource does.

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Valuation Lending Real Estate Investors 240

Housing Wire

JULY 18, 2022

The residential mortgage-backed securities (RMBS) market is reeling from an unfavorable interest-rate environment, which is expected to suppress private-label securities offerings for at least the rest of the year, a recent market outlook report concludes.

Marketing 332

Marketing Investors Mortgage Lending 332

Housing Wire

NOVEMBER 7, 2022

It’s yet another casualty in the non-QM space – California-based Athas Capital Group is winding down its operations and laying off more than 200 employees due to the challenges in the secondary market. But in the current mortgage landscape, with crazy rate spreads and shy investors, non-QM can be a dangerous space.

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Lending Investors Business Mortgage 418

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 325

Marketing Mortgage Sellers Buyers 325

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. Meanwhile, in 2020, LO turnover was the lowest in the survey’s history, at 21%, the MBA found. Bank Home Mortgage , said at the MBA Annual convention.

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Marketing Law Government Mortgage 414

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

JUNE 18, 2021

That number is down from 4.8%, or one in every 21 home sales in the nation during the fourth quarter of 2020. It’s also down from 7.5%, or one in 13 sales, in the first quarter of 2020. in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. Presented by: Acra Lending. Of the 32,526 U.S.

Investors 477

Investors Investing Inventory Lending 477

Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Rocket’s expansion comes amid an expected slowdown in Canada’s housing market. It previously acquired Lendesk, a Canadian fintech company.

Brokerage 366

Brokerage Mortgage Real Estate Lending 366

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. We are a solution provider,” said Keith Murray, president and CEO of VRM.

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Lending Clients Training Investors 278

Housing Wire

MARCH 25, 2021

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. The capital raise follows a $5 million Series A funding round in June 2020. mortgage market.

Mortgage 370

Mortgage Lending Technology Loan Officers 370

Housing Wire

JANUARY 21, 2022

Digital mortgage platform MAXEX , backed by investment from financial-services giant JPMorgan , sees a bright future in the ESG market. Securities and Exchange Commission also has its eye on the ESG market. Last year, it stood up a “ Climate and ESG Task Force ” in its enforcement division to better police the emerging ESG market.

Marketing 369

Marketing Investors Development Mortgage 369

Housing Wire

NOVEMBER 6, 2020

Non-QM lending took a brief pause earlier this year due to the pandemic causing a flight to cash in the bond market, but the non-QM borrowers and investors haven’t disappeared. While 2020 has seen record volumes, low rates and profits, originators understand that’s not going to last forever.

Lending 280

Lending Investors Mortgage Marketing 280

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. “You’re still seeing some activity in the purchase market, which is good, but affordability does start to become an issue as rates continue to increase.”

Business 393

Business Mortgage Lending Investors 393

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). It’s down 70% from its peak in 2020, a 20-year low , the company said. This left a void in the mortgage lending market, which was filled by IMBs. For most of this century, they’ve come out on the winning side.

Mortgage 354

Mortgage Investors Business Lending 354

Housing Wire

NOVEMBER 30, 2022

Relief from the rate-driven volume reduction afflicting both the primary and secondary mortgage markets is expected to be elusive for some time to come, at least in terms of any renewed refinancing boost. Consequently, the collateral available to support securitizations in both the agency and nonagency secondary markets has also fallen.

Marketing 368

Marketing Mortgage Business Government 368

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. With investors asking for higher premiums to invest in assets caused by the expectation of higher U.S.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

JUNE 27, 2022

Market conditions have forced countless LOs, including Dicker, to find creative solutions to lock down home purchases for clients whose purchasing power has diminished greatly in the past six months. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. And he’s far from alone.

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Housing Market Marketing Brokerage Real Estate 400

Housing Wire

JANUARY 27, 2021

Digital mortgage platform Roostify announced on Tuesday it has raised another $32 million in a Series C funding round amid a booming real estate market, bringing the tech startup’s total capital to $65 million. They also offer a home equity platform for home equity loan applications and HELOCs under the same umbrella.

Lending 326

Lending Technology Loan Officers Investors 326

Housing Wire

OCTOBER 9, 2020

Changes to capital markets have been fast and furious over the last year in housing. 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.”

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Marketing Investors Technology Loan Officers 370