Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. It is now in 44 markets, compared to 23 at the end of 2020.

Investors 427

Investors Real Estate Inventory Finance 427

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

Inventory 529

Inventory Contracts Training Investors 529

Appraisal Buzz

AUGUST 30, 2022

Citing recent data from First American Data & Analytics, investor purchases of residential homes as rental properties as a share of all residential home sales, have increased sharply over the course of the last year. in May 2021 to 18% by May 2022. The post What Impact Do Investors Have on the Housing Market?

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Housing Market Investors Marketing Appraisal 150

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 368

Finance Investors Mortgage Home Improvement 368

Housing Wire

AUGUST 2, 2021

Digital title provider Doma has finally gone public, but has already had to pay out nearly $300 million to early investors who redeemed their shares. But investors in Capitol exercised rights to redeem nearly 30 million public shares in the company in connection with the merger. . million in 2021 and above $600 million in 2023.

Investors 378

Investors Investing Real Estate Clients 378

Appraisal Buzz

FEBRUARY 16, 2022

Real estate investors bought a record 18.4% during the fourth quarter of 2021, according to a new report from Redfin. Although investor market share hit a record in the fourth quarter, the number of homes bought by investors declined 9.1% Houses in 2021 appeared first on Appraisal Buzz.

Real Estate 150

Real Estate Investors Appraisal Marketing 150

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. “The largest, undisrupted market in the U.S.,” presentation slide for investors in the SPAC that took it public, also in 2020.

Marketing 406

Marketing Inventory Renovations Investors 406

Housing Wire

MAY 16, 2022

In 2022’s changing market, non-QM has been a hot topic for many. 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?

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Investors Investing Insurance Lending 327

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 343

Mortgage Marketing Investors Lending 343

Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. during the previous quarter.

Housing Market 365

Housing Market Inventory Construction Marketing 365

Housing Wire

FEBRUARY 18, 2021

The stock market is a funny game. Not the kind of game that the rookie Game Stop investors are used to playing, but a real-life, action-packed, form of entertainment that toys with millions of Americans’ emotions and finances every day. The stock market is at an all-time high, finishing 2020 at record levels. The stock market.

Real Estate 525

Real Estate Investing Marketing Home Value 525

Housing Wire

DECEMBER 22, 2020

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. Get $75 off your initial membership with coupon code “intro75” The post The mortgage industry is ripe for blockchain in 2021 appeared first on HousingWire.

Supply Chain 472

Supply Chain Mortgage Technology Investors 472

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. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 355

Finance Marketing Renovations Investors 355

Housing Wire

NOVEMBER 25, 2020

Venture-backed residential brokerage Compass has hired bookrunners ahead of an independent public offering in 2021, according to a new report. billion from blue-chip investors, including SoftBank , Fidelity , Wellington Management , Goldman Sachs, Dragoneer , Canadian Pension Plan Investment Board , IVP , LeFrak and others.

Brokerage 390

Brokerage Agents Real Estate Investors 390

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 389

Housing Market Marketing Contracts Finance 389

Housing Wire

FEBRUARY 2, 2022

“The supply side of the equation has been extremely challenging, with no clear signs as to when things will get better,” Marshall told investors, time and again bemoaning “labor shortages” and “significant disruptions in the supply chain.”. billion in 2021 net income, a 38% leap from $1.41 The Atlanta-headquartered company reported $1.95

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Supply Chain Investors Construction Buyers 316

Housing Wire

MARCH 18, 2022

months in February 2021. To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

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.

Marketing 361

Marketing Mortgage Investors Legal 361

Housing Wire

APRIL 7, 2021

And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. The post Home sellers are feeling good about 2021 appeared first on HousingWire. points to 81.7.

Sellers 509

Sellers Real Estate Agent Real Estate Loan Officers 509

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 351

Mortgage Marketing Retail Construction 351

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Institutional Investors.

Inventory 394

Inventory Marketing Mortgage Supply Chain 394

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. This data line lags the current housing market as it’s a few months old. Also, certain investors felt no fear post-2020.

Housing Market 453

Housing Market Marketing Inventory Investors 453

Housing Wire

JUNE 21, 2022

from May 2021 ($355,000), as prices increased in all regions. I have stressed that housing doesn’t move like the stock market. A real estate investor, on the other hand, doesn’t have that type of shelter relationship with a home, that a homeowner does. decline from May 2021. months in May 2021. from April and a 4.1%

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

Marketing 354

Marketing Investing Investors Real Estate 354

Housing Wire

NOVEMBER 5, 2021

Morgan has been a dominant force in the jumbo-loan securitization market so far this year. Morgan is an investor , issued a report this month on private-label market activity revealing that there were a total of eight jumbo-loan securitizations priced in September alone. The data show that J.P. Become a member today.

Marketing 505

Marketing Investors Mortgage Housing Market 505

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 340

Marketing Lending Investors Real Estate 340

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 314

Marketing Business Insurance Mortgage 314

Housing Wire

OCTOBER 21, 2020

In 2021, mortgage originations are expected to fall to around $2.49 Top of mind for servicers will be pursuing the most appropriate loss mitigation strategies for post-forbearance borrowers and investors. Servicers will remain busy in 2021 helping borrowers exit mortgage forbearance and into longer-term solutions,” Walsh said.

Mortgage 394

Mortgage Inventory Housing Market Construction 394

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. from April 2021 ($340,700), as prices increased in each region. Spoiler: If you haven’t realized that the housing market since 2012 has been trolled out by professional grifters who don’t ever forecast sales, that is on you.

Housing Market 520

Housing Market Marketing Inventory Realtors 520

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. .”

Mortgage 374

Mortgage Marketing Human Resources Clients 374

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 332

Marketing Insurance Investors Mortgage 332

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. This data line has been negative since June of 2021.

Housing Market 485

Housing Market Marketing Inventory Mortgage 485

Housing Wire

APRIL 14, 2022

Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market. ” In fall of 2021, Chicago-based Interfirst laid off hundreds of employees.

Mortgage 521

Mortgage Marketing Retail Lending 521

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 446

Mortgage Marketing Contracts Inventory 446

Housing Wire

APRIL 5, 2022

Angel Oak, along with the rest of the non-QM industry, has been forced to make rapid adjustments to ensure liquidity during this highly volatile market,” a company spokesperson told HousingWire. . UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans.

Marketing 381

Marketing Investors Investing Mortgage 381

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 384

Marketing Investors Government Investing 384

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 423

Investors Housing Market Finance Construction 423