Housing Wire

SEPTEMBER 11, 2023

Lesley Alli and Andrew Greenberg both joined NMI Holdings to serve as senior vice presidents, announced the parent company of National Mortgage Insurance Corporation Monday in a statement. Prior to this new position, she served as the chief investor and industry relations officer of Home Point Financial Corporation.

Investors 351

Investors Insurance Finance Government 351

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Do they need a pre-closing investor review? Of that volume, $6.2

Investors 340

Investors Investing Insurance Lending 340

Housing Wire

JANUARY 4, 2023

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. Mortgage applications decreased 13.2% That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy.

Mortgage 523

Mortgage Loan Officers Insurance Investors 523

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. million in 2021, including $71.5 He was right. Right again.

Mortgage 374

Mortgage Technology Clients Insurance 374

Housing Wire

APRIL 19, 2022

Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The company, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. million in 2021, including $71.5 million in annualized savings.

Mortgage 368

Mortgage Investors Clients Insurance 368

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. 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. billion in loan volume between June 2020 and June 2021. and former U.S.

Mortgage 303

Mortgage Investors Investing Technology 303

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million.

Modernization 337

Modernization Mortgage Lending Investors 337

Housing Wire

MARCH 15, 2023

One day after Signature Bank collapsed , an affiliate of loanDepot moved $225 million of cash balances to a large money center bank, the mortgage company disclosed Wednesday morning. The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. Both expire in December 2023.

Insurance 338

Insurance Investors Real Estate Mortgage 338

Housing Wire

DECEMBER 14, 2023

The fees paid to the mortgage-backed security (MBS) investor and lender are next with the accumulated cost of the annual interest payments made to the investor(s) that purchased the MBS bond containing the mortgage, and the lender’s net origination charges at closing plus the accumulated value of the excess interest the lender charges for profit.

Insurance 408

Insurance Property Taxes Buyers Investors 408

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages.

Finance 397

Finance Investing Real Estate Agent Real Estate 397

Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s million the firm recorded during the first quarter of 2021. s president and CEO, Craig Smiddy decided to take a bolder stance. “I

Insurance 365

Insurance Investors Housing Market Law 365

Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. million in Q2 2021. million in Q2 2021. million for the full year in 2022 compared to $1.534 billion in 2021. During Q4 2022, Old Republic’s title insurance net premiums and fees generated were down to $836.4

Insurance 355

Insurance Housing Market Tools Investors 355

Housing Wire

JULY 19, 2022

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. Although investors have poured an increasing amount of money into fintechs — $1.7 billion in 2021, up from $0.4

Mortgage 364

Mortgage Finance Technology Legal 364

Housing Wire

JANUARY 31, 2021

For one, the mortgage industry is experiencing historically low interest rates, which have set in motion a refinancing boom that has dramatically increased lien release volume processing. First American understands compliance complexities and adheres to local, state and investor guidelines.

Mortgage 373

Mortgage Insurance Business Training 373

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. Investors were nonplussed. Finance data.

Mortgage 375

Mortgage Retail Finance Investors 375

Housing Wire

OCTOBER 11, 2023

A number of players in the industry benefit from the risk data, including real estate investors who need additional insights to make informed decisions. This may give investors pause as to whether a particular real estate investment is a sound one.

Real Estate 417

Real Estate Insurance Investors Law 417

Housing Wire

MAY 11, 2021

SoftBank Group -backed digital lender Better.com plans to make its public debut in the fourth quarter of 2021 via SPAC , in a deal that would value the company at nearly $8 billion, the firm said Tuesday. billion in mortgage originations in 2020. billion in title insurance and $1.4 billion in homeowners insurance.

Valuation 370

Valuation Insurance Investors Loan Officers 370

Housing Wire

FEBRUARY 14, 2023

Managing a profitable mortgage business can be challenging in the best of markets. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. But lenders must also consider mortgage originator’s loan product innovation. of all mortgage applications.

Modernization 341

Modernization Insurance Investors Tools 341

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”.

Investors 413

Investors Brokerage Valuation Mortgage 413

Housing Wire

JULY 6, 2023

Digital mortgage lender Better.com disclosed that it posted a net loss of $89.9 Better.com also spilled red ink in both 2022 and 2021, reporting a net loss of $888.8 We decreased our funded loan volume by approximately 80% year-over-year from $58 billion in the year ended December 31, 2021 to $11.4 million and $301.1 in Q1 2022.

Real Estate 367

Real Estate Agents Business Mortgage 367

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. Many of these challenges persist today, while new ones – like post-forbearance credit reporting, investor and year-end reporting for deferred balances – continue to arise. How the National Flood Insurance Program’s recent extension provides stability for the housing market.

Mortgage 432

Mortgage Investors Technology Housing Market 432

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 391

Mortgage Loan Officers Finance Investors 391

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .”

Insurance 382

Insurance Investors Technology Real Estate Agent 382

Housing Wire

OCTOBER 6, 2021

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. And it wasn’t great.

Insurance 403

Insurance Investors Real Estate Loan Officers 403

Housing Wire

JANUARY 13, 2023

In addition, secondary market investors continue to show interest in well-underwritten, higher-rate loans secured by single-family rental properties. It looks to be about 50% investor properties,” Ben Hunsaker said of the planned NRMLT offering. Mortgage production in 2022 nationally was down about 50% from $4.44

Marketing 410

Marketing Investing Investors Landlords 410

Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. by the end of 2021, and likely dropping below 4% by the end of 2022. In June 2020, roughly 8.5% This represents about 1.5

Mortgage 477

Mortgage Inventory Investors Design 477

Housing Wire

MARCH 29, 2022

Mike Cagney didn’t expect to be releasing a cryptocurrency-backed 30-year fixed-rate mortgage product so soon. The plan was for Figure Technologies to launch such a product only after completing the merger with multichannel mortgage lender Homebridge Financial Services. For us to get paid, we need to be at that 5.99% rate.

Mortgage 380

Mortgage Technology Architecture Insurance 380

Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

Insurance 360

Insurance Supply Chain Design Government 360

Housing Wire

AUGUST 24, 2023

The deal with Aurora was announced in May 2021, when historically low-interest rates boosted a SPAC mania in the U.S. and created a refi boom for mortgage lenders like Better. At that time, the company was valued by its investors at $7.7 The company posted a loss of $89.9

Insurance 369

Insurance Mortgage Realtors Business 369

Housing Wire

MARCH 11, 2021

Finance of America Reverse will soon debut a hybrid product that combines elements of a reverse mortgage with a forward mortgage. The lender says it’s an innovative approach to servicing borrowers who are in retirement age but don’t qualify or wish to refinance into a long-term mortgage. Presented by: MCT.

Finance 393

Finance Mortgage Retail Home Value 393

Housing Wire

DECEMBER 13, 2021

Unlike other fractional investment companies, such as Arrived Homes , reAlpha specializes in short term rentals , touting its product as “ Airbnb ownership without the hassle” and promising investors that they will never be responsible for cleaning after guests or conducting home repairs. reAlpha is a 51% investor in each of the syndicates.

Investors 390

Investors Investing Insurance Real Estate 390

Housing Wire

FEBRUARY 23, 2023

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022. billion in Q4 2021) and a net income of $198 million. billion for Q4 (down from $3.1

Marketing 328

Marketing Business Insurance Mortgage 328

Housing Wire

JUNE 7, 2022

The first, STACR 2021-TO1, was announced in September 2021 and resulted in the $1.6 Through the STACR note offerings, private investors participate with Freddie Mac in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. billion in risk from reference pools valued at $300.9

Investors 350

Investors Insurance Mortgage Marketing 350

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 381

Mortgage Investors Clients Marketing 381

Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. They are likely to be replaced by money managers as investors.

Marketing 344

Marketing Insurance Investors Mortgage 344

Housing Wire

MAY 2, 2022

According to a Q1 analysis by MISMO-certified wire and prevention fintech FundingShield, over one in three real estate transactions had elements of wire or title fraud risk, with data inaccuracy, incorrect wire accounts for non-licensed parties, transactions not properly filed in the system of the title insurers and other considerations.

Insurance 361

Insurance Real Estate Business Government 361

Housing Wire

OCTOBER 26, 2023

Thursday was a big day for title firm earnings, with three of the Big Four title insurers reporting their third-quarter 2023 earnings. The day began with Stewart’s Q3 2023 earnings call with investors and analysts. Despite the company’s strong quarter, Old Republic’s title insurance segment did not fare as well. year over year.

Insurance 332

Insurance Business Real Estate Investors 332