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. Mike Cagney, SoFi. billion across these deals.

Lending 364

Lending Technology Finance Insurance 364

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. billion in 2021, up 9% compared to 2020, mainly due to reverse and commercial businesses. Finance of America funded $35.6

Finance 384

Finance Investors Mortgage Home Improvement 384

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. Not in droves like in 2021, but the business is out there. Since we are the end investor, we do not have to seek third party approval to do a loan.

Lending 384

Lending Loan Officers Training Investors 384

Housing Wire

FEBRUARY 9, 2021

Non-QM lending is poised for growth in 2021. 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. Now, many investors are once again returning to the non-QM space.

Lending 370

Lending Investors Mortgage Marketing 370

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 370

Investors Investing Insurance Lending 370

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. million in 2021. Kasle said Radius brought in $2.2 Expansion will come in iterations, he said.

Brokerage 397

Brokerage Real Estate Lending Mortgage 397

Housing Wire

JUNE 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. John Gibson: SVP, National Sales Director; Wholesale & Correspondent Lending. The housing market has undergone a significant transformation over the past two years.

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Lending Housing Market Technology Business 370

Housing Wire

AUGUST 29, 2022

A San Francisco real estate investor with political ties was found guilty of bank fraud and making false statements to Quicken Loans as part of a larger federal investigation targeting public corruption in the city. . The post Jury convicts San Francisco real estate investor for defrauding Quicken Loans appeared first on HousingWire.

Real Estate 295

Real Estate Investors Lending Mortgage 295

Housing Wire

APRIL 30, 2024

If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 421

Retail Loan Officers Lending Mortgage 421

Housing Wire

DECEMBER 7, 2020

Rocket Companies, which went public in August and was valued at approximately $38 billion, disclosed to investors that it retains servicing rights on the vast majority of mortgages it originates in the U.S. That is the lowest total since 2015, according to Inside Mortgage Finance. The rest of this content is for HW+ members.

Lending 287

Lending Investors Finance Mortgage 287

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.

Mortgage 409

Mortgage Marketing Investors Lending 409

Housing Wire

FEBRUARY 3, 2021

Pacific Western Bank , the wholly owned subsidiary of PacWest Bancorp , announced Tuesday it had acquired Civic Financial Services , a private money lender that caters to real estate investors. Civic typically loans money to investors who need bridge loans, financing for flips, rentals or rehab projects.

Investors 413

Investors Real Estate Lending Investing 413

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 370

Marketing Lending Investors Real Estate 370

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. market,” KBRA’s announcement of the deal states.

Lending 370

Lending Finance Investors Clients 370

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans was acquired by investment firm Pretium in November 2021.

Investors 441

Investors Housing Market Finance Construction 441

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 million in revenue, according to a letter from Cagney to investors and partners in July.

Lending 370

Lending Valuation Business Technology 370

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgage 421

Mortgage Lending Technology Insurance 421

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024. Census Data.

Investors 450

Investors Real Estate Lending Loan Officers 450

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential. Six months after raising $3.5

Mortgage 384

Mortgage Investors Retail Investing 384

Housing Wire

JULY 19, 2023

Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales. She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts. District Court for the Southern District of Ohio on July 13.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

JUNE 28, 2022

The transaction is estimated to provide capital to support approximately $750 million in loan originations over the life of the deal and will help real estate investors revitalize aged homes across the country,” Ki avi said in announcing the deal. ” Kiavi ranked as the top short-term lender in the fix-and-flip space in 2021, with $2.7

Investors 381

Investors Real Estate Finance Lending 381

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. After posting production volume of $148.76

Retail 384

Retail Mortgage Loan Officers Lending 384

Housing Wire

JULY 12, 2023

In terms of dollar volume, there was an estimated $251 billion in HELOC originations during all of 2022, up from $182 billion in 2021. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021. Figure recently eclipsed over $6 billion in HELOC originations, the company said.

Technology 370

Technology Lending Mortgage Investors 370

Housing Wire

FEBRUARY 25, 2022

“I think non-QM could be another money-making product for all of these originators,” said Keith Lind, executive chairman and president at Acra Lending. When you’re dealing with investors, mistakes cannot happen.”. 1 it was underwritten correctly, and two it fits a credit box of an investor that’s willing to buy it,” Lind said.

Lending 397

Lending Investors Technology Investing 397

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. Building the next generation of tech: Three ways to digitize home lending.

Modernization 370

Modernization Mortgage Lending Investors 370

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton.

Mortgage 370

Mortgage Technology Lending Modernization 370

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

Finance 370

Finance Marketing Lending Inventory 370

Housing Wire

AUGUST 9, 2021

While the non-QM market took a hit during the early part of the pandemic, these loans are making a comeback and are expected to continue to grow in 2021. HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? We can save the deal for our clients and the borrower.

Investors 410

Investors Clients Lending Real Estate 410

Housing Wire

FEBRUARY 22, 2023

It landed a $32 million Series C funding round in 2021, which was led by Ten Coves Capital , with returning investors Cota Capital, Mouro Capital , Colchis Capital , Point72 Ventures, and JPMorgan Chase. The product is integrated with digital solutions from ICE Mortgage Technology , Black Knight , Equifax , Formfree and Lender Price.

Mortgage 384

Mortgage Loan Conditions Technology Lending 384

Housing Wire

FEBRUARY 9, 2022

HousingWire recently spoke with Mike Fierman, Managing Partner and Co-CEO of Angel Oak Capital, about the capital markets perspective as well as investor demand and appetite for non-QM. Originators who had their best year in 2021 will have to utilize something else to make up for this loss in 2022 and non-QM can be the answer.

Investors 365

Investors Business Lending Technology 365

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Mortgage 410

Mortgage Technology Investors Business 410

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.”. million profit during the same period in 2021.

Investors 421

Investors Brokerage Valuation Mortgage 421

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. Investors looking to support low-income families would not purchase the lender’s loans if they knew they were provided to wealthy individuals or celebrities, the lawsuit states.

Investors 370

Investors Law Insurance Lending 370

Housing Wire

AUGUST 12, 2022

“The Company’s financial results for the second quarter of 2022 reflect the adverse effects of the historic market dislocation and volatility across the mortgage origination industry that commenced in the fourth quarter of 2021,” George Mangiaracina, chairman and CEO, said in a statement. million loss in second quarter of 2021.

Mortgage 370

Mortgage Lending Retail Inventory 370

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522