Housing Wire

DECEMBER 13, 2023

With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels. Amherst Chairman and CEO Sean Dobson said the shrinking margins in the agency MBS sector are a byproduct of an over-supply of paper and a greatly reduced investor balance sheets for absorbing the debt.

Mortgage 408

Mortgage Marketing Investors Lending 408

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

JUNE 26, 2023

Several of MAXEX’s existing investors, including J.P. In September 2022, the digital mortgage platform unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. The companies claim they collectively serve more than 500 market participants.

Investing 369

Investing Investors Design Mortgage 369

Housing Wire

APRIL 5, 2024

The report, released back in December, noted that Navy Federal Credit Union approved more than 75% of white borrowers who applied for a new conventional home purchase mortgage in 2022 vs. less than 50% of black borrowers. racial, religious, or gender minority) at a greater rate, that policy may constitute lending discrimination.

Mortgage 418

Mortgage Lending Buyers Property Management 418

Housing Wire

SEPTEMBER 5, 2023

The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We First, Lind said, it is important to note that nearly 50% of non-QM production right now is investor loans. Another plus for non-QM lending has been the volatility in the banking sector. “I billion in 2023, an increase from $2.1

Marketing 397

Marketing Loan Officers Lending Brokerage 397

Housing Wire

JANUARY 18, 2023

At the end of 2022, Pennymac aggregated loans from about 770 lenders across the country, Tidmore said in a previous interview. There are a few investors, including Pennymac, that are in a good position to take advantage of that opportunity.”. Connie Kim: How does Wells Fargo exiting the correspondent lending channel affect Pennymac?

Clients 431

Clients Investors Lending Mortgage 431

Housing Wire

MAY 24, 2021

The company says the round is the largest Series A for a New England fintech and it plans to use the capital to double or even triple its staff by the first quarter of 2022. “We Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.

Technology 421

Technology Lending Investors Modernization 421

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. The days on market were too low.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines. That was a problem for sellers of loans.

Marketing 431

Marketing Mortgage Investors Sellers 431

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5

Realtors 397

Realtors Housing Market Marketing Buyers 397

Housing Wire

JUNE 22, 2023

It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Now that it’s getting back into the forward mortgage origination business, AmeriFirst plans to focus on providing buyers with competitive rates by cutting branch and regional margins, which led to higher fees for buyers.

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Business 370

Housing Wire

SEPTEMBER 27, 2022

Growing obstacles in 2022’s market. Still, local lenders face rising challenges that threaten their ability to serve the American home buyers who need them most. These solutions give local lenders an edge not only due to what they provide, but also due to the complexities, resources and headaches they offload from lending teams.

Housing Market 384

Housing Market Marketing Logistics Lending 384

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. We finally paid the price — pun intended — of not having enough product, with massive home price gains from 2020-2022.

Inventory 544

Inventory Law Housing Market Design 544

Housing Wire

SEPTEMBER 11, 2023

The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually. Target buyers for Cliffco include non-traditional buyers seeking investor loans.

Loan Officers 397

Loan Officers Agents Retail Technology 397

Housing Wire

AUGUST 31, 2022

For the mortgage industry, the dash toward virtual solutions and reliable fintech was crucial to reigniting the journey for hopeful home buyers. As the world population was forced to press pause on many of life’s biggest milestones, innovation took hold and companies found new ways to conduct business through the digital landscape.

Lending 370

Lending Real Estate Technology Design 370

Housing Wire

FEBRUARY 22, 2023

The residential mortgage-backed securities (RMBS) market took a beating in 2022, nearly stalling as the year came to an end — on the heels of interest rates jumping more than 3 percentage points over the first half of 2022. 21, backed by loan pools valued in total at $1.1 21, backed by loan pools valued in total at $1.1

Marketing 370

Marketing Finance Mortgage Lending 370

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 384

Real Estate Brokerage Real Estate Agent Technology 384

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Rice Park Capital acquired some $30 billion in MSRs [UPB] in 2022, Smith said. trillion in MSRs in 2021, and in 2022 they bought net $440 million [based on UPB].”

Sellers 306

Sellers Investors Valuation Finance 306

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. So why is this program so rare?

Mortgage 384

Mortgage Loan Officers Government Buyers 384

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. And investor guidelines are continually evolving. is just under 10 million, a 4.6% annual increase.

Marketing 396

Marketing Investors Technology Loan Officers 396

Housing Wire

APRIL 11, 2022

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. The stock had lost 30% of its value from December 31, 2021 through April 1, 2022, down to a market capitalization of just under $9 billion. in the previous year.

Technology 368

Technology Investors Mortgage Lending 368

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. It comes at a time in which the housing market favors buyers and seller concessions become more frequent. According to Black Knight , at the end of the second quarter 2022, the average U.S.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

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. In 2019, 4% of her business originated from social media, but from 2020 through 2022, it increased to an average of 30%.

Loan Officers 430

Loan Officers Tools Business Clients 430

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. We feel like we picked up more market share in 2022,” Kechian said. in the fourth quarter of 2022. The numbers shook out to be like $378 million.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

MARCH 22, 2023

The latest – perhaps final – rate increase comes on the heels of eight rate hikes since March 17, 2022, which includes four 75 basis point increases in June , July , September and November , a 50 basis point increase in December and 25 basis point hike in February. economy growth drag of 25 to 50 basis points in 2023. ”

Lending 410

Lending Housing Market Mortgage Marketing 410

Housing Wire

AUGUST 9, 2022

“It’ll be a very different buyer that comes to the rescue … and it will be at a pretty significant discount [in the whole-loan trading market]. So far this year, WMC has undertaken two securitization deals through its Arroyo Mortgage Trust conduit (ARRW 2022-1 in February and ARRW 2022-2 in July). for the most recent deal.

Marketing 397

Marketing Real Estate Mortgage Investors 397

Housing Wire

JULY 6, 2023

Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary. Just because there’s vacant homes in the U.S.

Inventory 466

Inventory Renovations Real Estate Government 466

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. “While lower rates should buoy housing demand, the financial market volatility may cause buyers to pause their decisions.” The recent crisis impacted homebuyers in different ways.

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

MAY 4, 2022

Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. To register for the HW+ event, go here.

Housing Market 384

Housing Market Finance Marketing Mortgage 384

Housing Wire

JANUARY 4, 2022

That was the start for the nonbank lender, which dominates the nation’s wholesale mortgage lending sector with an estimated 33.5% We continue to think that issuance [of RMBS backed by investment properties also] will subside in 2022 as originators sell many of these loans back to the agencies.”. KBRA seems to think so as well.

Marketing 382

Marketing Investing Mortgage Real Estate 382

Housing Wire

FEBRUARY 21, 2023

C-Suite changes News of Farner’s resignation came as a surprise to analysts and investors, and for good reason. Bob Walters, who was promoted to CEO of Rocket Mortgage in January 2022, remains in place.) Rocket Companies lost money in the third quarter of 2022 and could be looking at multiple quarters of consecutive losses.

Clients 372

Clients Mortgage Business Home Value 372

Housing Wire

JUNE 16, 2022

Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. With investors asking for higher premiums to invest in assets caused by the expectation of higher U.S. trillion in 2022 and $2.3

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Lamacchia Realty

MARCH 7, 2022

has released their “Top Producing REALTORS®,” for February 2022! February 2022 Winners of the Top 10 for the Company are: Cyndi Deshaies received her real estate license in March 2017. February 2022 Winners of the Top 10 for the Company are: Cyndi Deshaies received her real estate license in March 2017.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We are going to pursue the investor niche aggressively, meeting very specific realtors.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

Housing Wire

JUNE 9, 2022

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. The good news, according to both Toohig and Yoon, is that in the second quarter of 2022, so far, the extreme rate volatility has abated.

Marketing 384

Marketing Contracts Technology Mortgage 384

Housing Wire

JANUARY 30, 2024

“[Since Covid], the IMB [independent mortgage bank] group has retained a lot of MSRs that they had not retained historically as a group,” said Nick Smith, founder, managing partner and CEO of private-equity firm Rice Park Capital Management (RPCM), an active MSR buyer. Those two [Mr.

Marketing 408

Marketing Mortgage Sellers Buyers 408

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. In this episode, we’ll learn more about his approach, how he finds and closes deals, and best practices for working with banks and private investors.

Finance 36

Finance Investing Real Estate Lending 36