Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech company Unison recently completed a $443 million private-label offering backed by an emerging class of home-equity assets in which investors and the homeowners share in both the upside and downside of a property’s value over time. We [the shared home-equity industry] are not a multi-trillion market.

Investing 273

Investing Marketing Contracts Investors 273

Housing Wire

JULY 21, 2021

The 10-year Treasury yield dropped sharply last week, in part due to investors becoming more concerned about the spread of COVID variants and their impact on global economic growth, according to the latest survey from the Mortgage Bankers Association. . “That’s the lowest level since January 2021.” from 64.1%

Mortgage 441

Mortgage Marketing Contracts Inventory 441

Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The prior week ‘s report showed a 1.8% drop in applications to the lowest level since January 2020.

Mortgage 510

Mortgage Contracts Inventory Investors 510

Housing Wire

OCTOBER 12, 2021

Redwood Trust CEO Christopher Abate laid out a bold vision of growth for the real estate investment trust at an investor conference in New York City last month. That is done via what is called a home-equity investment contract, or an HEI. This content is exclusively for HW+ members.

Contracts 357

Contracts Marketing Investing Real Estate 357

Housing Wire

JUNE 30, 2021

in the week ending June 25, 2021, according to the latest report from the Mortgage Bankers Association. After two consecutive weeks of increases, mortgage applications decreased 6.9% Mortgage applications had increased 2.1% in the previous two weeks, respectively.

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Mortgage Contracts Investors Housing Market 414

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 343

Mortgage Marketing Retail Construction 343

Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. 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.

Legal 271

Legal Contracts Lending Loan Officers 271

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

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Contracts Lending Investing Investors 335

Housing Wire

SEPTEMBER 22, 2022

All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”. Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan.

Marketing 358

Marketing Contracts Finance Home Value 358

Housing Wire

FEBRUARY 24, 2022

On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 billion for 2021, a 49% increase over a year prior. Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. billion, with $1.0

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Insurance Investors Technology Development 348

Housing Wire

MARCH 10, 2023

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows. level from the first quarter of 2021.”

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Housing Market Marketing Contracts Lending 354

Housing Wire

AUGUST 25, 2021

Treasury yields fell last week, as investors continue to anxiously monitor if the rise in COVID-19 cases in several states starts to dampen economic activity,” said Joel Kan, the MBA’s associate vice president of economic and industry forecasting. The USDA share of total applications was unchanged from the prior week at 0.4%.

Mortgage 393

Mortgage Contracts Government Inventory 393

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.

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Mortgage Marketing Investors Lending 330

McKissock

SEPTEMBER 5, 2022

For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. . Why Private Investors Want Commercial Real Estate. Experienced investors could be easier to work with than residential clients in some ways.

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Retail Real Estate Investors Real Estate Agent 73

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Mortgage 351

Mortgage Legal Lending Investors 351

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Mortgage 349

Mortgage Legal Lending Investors 349

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

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Marketing Mortgage Investors Legal 348

Housing Wire

SEPTEMBER 11, 2023

We also see investor demand remain strong and an uptick in owner-occupied purchases. How has the foreclosure-related regulatory landscape changed since 2020 and 2021? By September 2021, however, there was still much foreclosure reluctance. HW: Foreclosure moratoriums and legislation were top-of-mind during COVID-19.

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Inventory Technology Design Tools 371

Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That bolt-like spike in rates put many mortgage lenders into crisis mode.

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Marketing Contracts Technology Mortgage 355

Housing Wire

APRIL 7, 2022

But can Ghamsari play a winning hand when his software business is inextricably tied to the success of the mortgage industry, which is expected to contract by 35% or more in 2022? million in 2021, including $71.5 Blend also burned through a stunning amount of cash in the months leading up to its initial public offering in July 2021.

Mortgage 362

Mortgage Technology Clients Insurance 362

Housing Wire

FEBRUARY 18, 2022

“Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%.

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Supply Chain Inventory Buyers Contracts 404

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

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Inventory Housing Market New Listings Mortgage 439

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion last year, the Amherst report shows.

Marketing 353

Marketing Investing Mortgage Investors 353

Housing Wire

FEBRUARY 7, 2023

Like its peers, loanDepot is struggling amid a contracting mortgage market. loanDepot’s headcount has nearly halved from 11,300 at year-end 2021 to approximately 6,100 at the end of September 2022. Per Inside Mortgage Finance data, conditions have since worsened – the lender originated just $6.37

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Real Estate Legal Contracts Mortgage 299

Housing Wire

JANUARY 20, 2023

The Federal Reserve did not like the homebuying atmosphere during COVID-9, especially the non-contingent buying contracts. from December 2021 ($358,800), as prices rose in all regions. Also, this is what the Federal Reserve wants. This marks 130 consecutive months of year-over-year increases, the longest-running streak on record.

Inventory 537

Inventory Housing Market New Listings Marketing 537

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. Meanwhile, investors are taking steps to acquire the business. ban of the short-form video app. million ‘likes’ on TikTok. The bill is now in the Senate, where the outcome is unknown.

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Loan Officers Tools Business Clients 348

Housing Wire

JANUARY 27, 2022

Even though the cap was suspended in September of 2021, the wheels were already set in motion for larger lenders, particularly nonbanks, to convert their agency loan-sale pipelines to favor swap transactions with government-sponsored enterprises (GSEs) Fannie and Freddie. You have to get a different kind of contract.

Mortgage 328

Mortgage Investors Finance Contracts 328

Housing Wire

APRIL 14, 2022

You don’t know what investor demand is going to be. trillion in agency MBS issuance outstanding as of year-end 2021, according to figures from the Securities Industry and Financial Markets Association , or SIFMA. When new MBS runoff-replacement contraction program will begin is not clear at this point.

Marketing 374

Marketing Investors Government Investing 374

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

Mortgage 363

Mortgage Retail Finance Investors 363

Housing Wire

DECEMBER 2, 2020

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. After the merger, Finance of America is slated to receive a $250 million investment from institutional investors. billion valuation.

Finance 216

Finance Lending Retail Business 216

Housing Wire

JULY 12, 2022

Jack Kahan, KBRA’s senior managing director of RMBS [residential mortgage-backed securities], said interest rates hit a low point in 2021 at or slightly below 3% and remained there much of last year. months as of June 2021, nearly twice as high as the June 2022 average of 21.6 to just under 6%, as of the end of June.”.

Mortgage 331

Mortgage Marketing Contracts Real Estate 331

Housing Wire

MARCH 5, 2021

“UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. He also said that the company’s investors (after its public debut in January) understood the value of UWM’s long experience in the mortgage industry. ’ I always say, ‘What got us here will get us there.'”

Investors 375

Investors Real Estate Agent Loan Officers Technology 375

The Robert Weiler Company

NOVEMBER 9, 2021

And, if you have a real estate investor in your life, the gift-finding pursuit can be quite a challenge. Investors are often adventurous, organized, go-getters, and have an entrepreneurial spirit. Give the mundane gift basket to your favorite corner shop, and instead, find gifts best-suited for property investors. Holding a 4.4

Real Estate 147

Real Estate Investors Investing Home Improvement 147

Housing Wire

JULY 13, 2022

The average contract interest rate for 30-year fixed-rate jumbo mortgages (balances greater than $647,200) is even a tad lower than the prevailing market rate of 5.3% — coming in at 5.25 Even with big drop in rates in the first week of July — the sharpest decline since 2008, to 5.3% Morgan jumbo offerings and current market rates.

Mortgage 343

Mortgage Market Value Marketing Contracts 343

Housing Wire

MARCH 3, 2022

Here are the five biggest takeaways from the 2021 10K report. And Opendoor turned a $662 million loss in 2021 to a $58 million gain under Adjusted EBITDA. Meanwhile, Compass is fending off with a stick trade secret lawsuits from brokerages, and even breach of contract cases from Compass’s own agents. Litigation. Profitability.

Brokerage 333

Brokerage Agents Real Estate Law 333

Housing Wire

APRIL 3, 2023

This meant slowing growth or contraction at a lot of previously high-flying proptech companies. Meanwhile Flyhomes laid off roughly 200 workers in mid-July and the Austin-based firm Homeward , which achieved a valuation of over $800 million in May 2021, also made cuts, reducing its staff by 20% in early August. billion and $148.6

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Brokerage Real Estate Housing Market Business 297

Housing Wire

MARCH 26, 2021

were heading to Portland in January and February of 2021. With demand that high, homes for sale are going under contract 24 to 36 hours after they are put on the market. ” The market was already hot in Maine before the onset of COVID-19, per Jason Kern, a designated broker investor and owner of Kern Real Estate in Portland.

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Housing Market Marketing Real Estate Inventory 452