Housing Wire

MARCH 10, 2023

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022. billion fourth-quarter 2022 volume of HELOC loans was down 17% from $72.3 billion in 2021 to $9.6

Housing Market 370

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Housing Wire

SEPTEMBER 22, 2022

The PLS transaction, called UNLOK 2022-1, involves $144 million of unrated senior Class A notes, $18 million of mezzanine Class B securities and $18 million of mezzanine Class C securities. All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”.

Marketing 384

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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. She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts.

Mortgage 370

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Housing Wire

FEBRUARY 9, 2023

Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement. billion in the first nine months of 2022, accounting for 41.7% billion in 2022 from the previous year’s volume of $7.29

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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 409

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Housing Wire

JANUARY 5, 2023

This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. . In 2022, the Federal Reserve’s monetary policy to combat rising inflation caused lenders’ origination volume to plummet.

Marketing 450

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Housing Wire

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. Investor demand tends to increase at times when most borrowers are waiting for rates to decline, Justin Fullmer, area manager in Idaho for Future Mortgage , told HousingWire. from the week prior. ” Who is jumping into the market?

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Mortgage Loan Officers Investors Government 384

Housing Wire

JANUARY 27, 2022

The round is led by the venture capital firm Andreessen Horowitz , with participation from new investor Zigg Capital and seed investors Conversion Capital and Bain Capital Ventures. Investors backing Vesta also include Index Ventures. The new capital will be invested in an “aggressive” hiring plan and technology expansion.

Mortgage 384

Mortgage Investors Loan Officers Technology 384

Housing Wire

MAY 22, 2023

In 2022, Keelin and his team closed $827 million in volume, with Keelin originating $322 million alone. Another strategy Keelin advises his team members is to have a diversified portfolio, targeting both first-time buyers and investors. They (investors) are not scared of interest rates. Keelin noted.

Loan Officers 370

Loan Officers Investors Technology Clients 370

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 384

Mortgage Legal Lending Investors 384

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 370

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Housing Wire

JUNE 23, 2022

Co-founded in 2019 by Tim Herman and Louis Wilson, the lender and “power buyer” allows homebuyers to make all-cash offers to compete with institutional investors. In states where purchase contracts can’t be assigned, UpEquity buys the home upfront and writes the mortgage after closing the deal. In October, ??the

Buyers 397

Buyers Investors Technology Training 397

Housing Wire

JULY 12, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Contracts 384

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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 Our adjusted earnings in the fourth quarter reflect the best quarter in the company’s history,” newly appointed CEO Mike Nolan said during a call with investors. billion, with $1.0

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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.

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Housing Wire

JANUARY 11, 2024

When [RMF] defaulted on its obligations, GNMA exercised its right to extinguish RMF’s interest in certain mortgages in order to ensure the timely payment to investors in securities backed by those mortgages,” the filing reads. District Court for the District of Delaware.

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Housing Wire

JUNE 13, 2023

Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. ” Inside Mortgage Finance (IMF) shows the wholesale channel was responsible for 15% of the first-lien mortgage originations in 2022, compared to the lowest level of 9.8% in 2014. .

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise. offers, according NAR’s REALTORS® Confidence Index.

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Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. Michael Chew: First, consider the first half of 2022; some areas were still dealing with or just coming out of pandemic -related foreclosure moratoriums and restrictions.

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Housing Wire

FEBRUARY 7, 2023

Like its peers, loanDepot is struggling amid a contracting mortgage market. million loss in the third quarter of 2022, when origination volumes declined to $12.4 loanDepot’s headcount has nearly halved from 11,300 at year-end 2021 to approximately 6,100 at the end of September 2022.

Real Estate 384

Real Estate Legal Contracts Mortgage 384

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.

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Housing Wire

MARCH 16, 2022

“Investors are weighing the impacts of rapidly increasing inflation in the U.S. Lenders, are you prepared for 2022’s challenges? The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.02% from 3.79%, with points decreasing to 0.37 from 10.4%.

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Supply Chain Mortgage Contracts Government 384

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 2020 during the refi-boom and with the market headed into a correction, executives warned investors revenue would plummet. Right again.

Mortgage 384

Mortgage Technology Clients Insurance 384

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. Fraud risk continues to rise even as the market contracts . According to a Q2 analysis by FundingShield, there was a 40.69% increase in wire-related issues compared to Q1 2022. Presented by: FundingShield.

Mortgage 397

Mortgage Finance Retail Business 397

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 432

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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. Who will buy these assets?

Marketing 384

Marketing Investing Mortgage Investors 384

Housing Wire

SEPTEMBER 20, 2022

” According to Tullos, the company made an arrangement to work on a contract basis with some of the employees that were laid off. Lenders struggled to sell in the secondary market legacy lower-rate loans as investors were seeking higher yields, causing the implosion of non-QM lenders First Guaranty Mortgage Corp.

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Marketing Investors Retail Mortgage 370

Hank Miller Team

OCTOBER 6, 2022

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. The Atlanta housing market in Q3 2022 did not melt down. Atlanta Housing Market in Q3 2022 Let’s have a look at factual data. We examine list price, contract price and sold price. for contracted homes -3.4

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Supply Chain Contracts Housing Market Inventory 52

Housing Wire

SEPTEMBER 9, 2022

The frenetic pace of growth in nonagency issuance has since slowed, however, due to a variety of market pressures — chief among them the contraction of mortgage originations in the face of fast-rising interest rates. “In Less than one year later, in June 2022, the rate reached 5.8% …. “In

Marketing 410

Marketing Mortgage Investors Legal 410

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

JULY 12, 2022

Dubbed “Lock & Shop,” the product, rolled out in mid-June, has two terms: the 75-day lock, which gives borrowers 45 days to shop and 30 days to close the contract; or the 90-day lock, giving customers 60 days to find a home and 30 days to complete the contract. . The product also allows a one-time float down if rates decline.

Mortgage 384

Mortgage Contracts Valuation Marketing 384

Housing Wire

JULY 13, 2022

A huge volume of loans was originated at much lower interest rates last year during the height of the refi boom, and many of those loans were still winding their way through the securitization pipeline in 2022, given most loans have several months of seasoning before being securitized. Morgan jumbo offerings and current market rates.

Mortgage 397

Mortgage Market Value Marketing Contracts 397

The Robert Weiler Company

SEPTEMBER 9, 2022

Land investors choose land to buy in Ohio for many reasons. Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. What Should I Consider When Buying Land?

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Real Estate Buyers Contracts Development 78

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Industry observers say the first few months of 2022 will represent a transition period to restore the supply and demand equilibrium in the mortgage industry, putting pressure on the stocks of the country’s biggest lenders. “We

Mortgage 384

Mortgage Retail Finance Investors 384

Housing Wire

OCTOBER 6, 2022

The Mortgage Bankers Association (MBA), however, measured the average contract for conforming at 6.75% this week, compared to 6.52% the previous week. Another 125 basis points in hikes are still expected to come in 2022, with a federal funds rate topping out well above 4%.

Mortgage 370

Mortgage Marketing Loan Officers Retail 370

Housing Wire

MARCH 25, 2024

Meanwhile, investors are taking steps to acquire the business. For instance, former Treasury Secretary Steven Mnuchin — who recently injected capital into Flagstar Bank ’s struggling owner, New York Community Bancorp — announced his intention to form an investor group to purchase the video app. “In

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Loan Officers Tools Business Clients 431

Housing Wire

JULY 12, 2022

The yield for both prime and nonprime PLS issuance, as measured by the weighted average coupon (WAC), fell below conforming mortgage rates as of June 2022, the period covered by the KBRA report. For the prime sector, the WAC as of June 2022, according to the KBRA report, stood at 3.36%. billion.

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Mortgage Marketing Contracts Real Estate 370