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?

Investors 343

Investors Investing Insurance Lending 343

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The Guide to Accelerating Closings in 2022. Net income, however, was a different story.

Insurance 367

Insurance Investing Marketing Business 367

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. For the full year 2022, Fidelity’s title segment recorded revenue of $9.5

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Marketing Business Insurance Mortgage 331

Housing Wire

MARCH 1, 2024

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Insurance 379

Insurance Property Taxes Real Estate Sellers 379

Housing Wire

JANUARY 31, 2024

Despite cooling interest rates , the title insurance segment at Big Four title firm Old Republic recorded a 22.8% compared to 2022, and a pretax income of $133.5 said during the firm’s fourth-quarter earnings call with investors last Thursday. from 2022, and a net income of $598.6 decrease for all of last year.

Insurance 330

Insurance Modernization Technology Real Estate 330

Housing Wire

SEPTEMBER 6, 2023

FundingShield’s API driven fitnech services allow lenders, investors, homebuyers and title companies to confirm wired funds are going to intended recipients and transactions are free of impact from cyber fraud, phishing, business email compromise, or title fraud. increase in issues with proof of insurance in Q2.

Real Estate 379

Real Estate Insurance Investors Lending 379

Housing Wire

FEBRUARY 15, 2024

Established in 2022, the real estate venture carved out a niche focusing on healthcare properties in the $1 million to $15 million price range – including those for behavioral, physical and mental health care. So we’ll look for him to leverage his relationships into access to investors. Shant has an incredible network.

Realty 355

Realty Loan Officers Retail Real Estate 355

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. million in Q3 2022 to $14.0 million in Q3 2022 to $14.0 million net income in Q3 2022.

Insurance 341

Insurance Business Real Estate Investors 341

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 418

Insurance Property Taxes Buyers Investors 418

Housing Wire

APRIL 28, 2023

For Old Republic , the softer market results in total revenue falling from $2.207 billion in Q1 2022 to $1.759 billion in Q1 2023. The title segment also saw its pretax operating income fall from $81 million during the first quarter of 2022 to $17 million in the first quarter of this year. million, compared to $306.3

Insurance 326

Insurance Real Estate Inventory Investors 326

Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). But in 2022, the lender originated just $53.7 million in cash on hand at the end of 2022, down 24.5% loanDepot share was trading at $1.78

Insurance 341

Insurance Investors Real Estate Mortgage 341

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 363

Mortgage Investors Retail Investing 363

Housing Wire

FEBRUARY 9, 2023

billion in the first nine months of 2022, accounting for 41.7% Third quarter correspondent volume dropped to $552 million in Q2 2022, a decline of 29% from the previous quarter’s $780 million, IMF data showed. The rising rate environment also had an impact on Northpointe’s origination in 2022. of its total origination.

Lending 374

Lending Business Retail Client Relationships 374

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 During the first quarter of 2022 , Old Republic generated a total revenue of $2 billion, up slightly from $1.98

Insurance 366

Insurance Investors Housing Market Law 366

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 427

Real Estate Insurance Investors Law 427

Housing Wire

NOVEMBER 2, 2023

Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022. Former employees accused Strauss of not paying salaries and suspending their health insurance coverage retroactively despite collecting contributions from paychecks. Strauss’s restriction to do business started Oct.

Business 429

Business Loan Officers Law Mortgage 429

Housing Wire

JUNE 7, 2022

The offering price for the notes outstanding in the current offering , STACR 2022-TO2 , ranges from $1,000.63 The second tender offer, STACR 2022-TO1 , took place in February of this year, with $2.1 Freddie Mac, year to date through early June 2022, ha s transferred a total of $10.9 to $1,017.81

Investors 356

Investors Insurance Mortgage Marketing 356

Housing Wire

AUGUST 9, 2023

billion, which executives said is in line with revenue levels recorded in 2018 and 2019, net earnings for the quarter rose slightly year over year to $165 million compared to $164 million in Q2 2022. “So While the title segment’s revenue dropped 27% year over year to $1.9 This positioned us well given the low inventory coming into 2023.”

Insurance 353

Insurance Housing Market Inventory Real Estate 353

Housing Wire

FEBRUARY 13, 2024

Of the $1 billion total, $730 billion has been deployed since 2022, and the company has issued more than 10,000 HEIs in total as of January. Bain Capital , American Family Ventures , Iconiq Capital and Group 1001’s Delaware Life Insurance Co. are some of the partners who help Hometap fund its home equity investments.

Investing 314

Investing Renovations Tools Real Estate 314

Housing Wire

OCTOBER 28, 2021

With the most recent acquisition of Floify, Porch will expand “its early access to high-intent homebuyers who need key services including insurance, warranty and moving services,” the company said in a statement. Investors reacted positively to the acquisition, with shares increasing by 12% to $19.93 as of late Thursday morning.

Mortgage 390

Mortgage Logistics Insurance Real Estate Agent 390

Housing Wire

FEBRUARY 10, 2023

This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call on Friday. residential markets over the last decade.

Investing 369

Investing Investors Insurance Government 369

Housing Wire

MAY 11, 2022

Title insurers big and small can’t seem to escape rapidly deflating refinance volume, but Fidelity National Financial still pulled out the second-best quarter ever for title revenue in Q1 2022. A total of 522,000 direct title orders were opened during Q1 2022 compared to 770,000 direct title orders a year prior.

Insurance 377

Insurance Investors Marketing Clients 377

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 billion for 2021, a 49% increase over a year prior. billion, with $1.0

Insurance 370

Insurance Investors Development Technology 370

Housing Wire

JANUARY 5, 2023

Typically, the company does not hold such loans for more than two weeks, instead selling them to a group of investors – including Sprout Mortgage. “On information and belief, Sprout had become insolvent on or before January 2022 and was unable to meet its obligations toward Plaintiff.

Insurance 408

Insurance Loan Officers Mortgage Business 408

Housing Wire

JUNE 13, 2023

In March, Moody’s Investor Service listed Comerica among the nation’s top warehouse lenders for potential rating downgrades. But they are not immune to systemic industry shocks. In April, the agency downgraded the bank’s rating to Baa1 from A3. of its common equity tier 1 capital [or CET1, a key regulatory capital measure].”

Lending 321

Lending Finance Insurance Investors 321

Housing Wire

APRIL 6, 2023

Strauss is returning to the industry after being accused of abruptly shutting down lender Sprout Mortgage in July 2022 without paying former employees’ salaries and severance packages. The company received a residential mortgage broker license in Illinois on November 1, 2022. Strauss founded Sprout six years after paying $2.45

Investors 301

Investors Mortgage Insurance Real Estate 301

Housing Wire

FEBRUARY 9, 2023

Strauss registered Smart Rate , with a start date on August 1, 2022, in Florida, according to the NMLS. The company received a residential mortgage broker license in Illinois on November 1, 2022. The SEC alleged that Strauss engaged in a pattern of false and misleading claims, bringing financial losses from investors.

Real Estate 332

Real Estate Investors Finance Mortgage 332

Housing Wire

JULY 28, 2023

We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. million in pretax income recorded during the second quarter of 2022. The title segment’s quarterly revenue of $1.53

Insurance 313

Insurance Investors Development Housing Market 313

Housing Wire

MAY 4, 2023

During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior. billion a year ago, and a net income of $128 million, a decline compared to $191 million in the first quarter of 2022.

Insurance 373

Insurance Buyers Business Sellers 373

Housing Wire

APRIL 19, 2022

In its Q4 earnings report earlier this month, Blend executives told investors and analysts that it was committed to reducing costs at its Title365 arm in light of lower origination volume from its mortgage originator clients. With rapid changes in U.S. With rapid changes in U.S. million in 2021, including $71.5 million in the fourth quarter.

Mortgage 368

Mortgage Investors Clients Insurance 368

Housing Wire

FEBRUARY 14, 2023

Modern software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house. The interest rate on the average 30-year fixed mortgage, which averaged 2.65% in 2021, hit 7% in mid-November 2022 and has been declining since. Power’s 2022 U.S.

Modernization 344

Modernization Insurance Investors Tools 344

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. with a start date on August 1, 2022, in Jacksonville, Florida, according to the Nationwide Multistate Licensing System (NMLS). Shocked employees didn’t receive their last paychecks.

Mortgage 397

Mortgage Investors Legal Loan Officers 397

Housing Wire

NOVEMBER 10, 2023

Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. That’s the highest down-payment percentage since June 2022. In September, government-insured FHA loans represented a little over 15% of U.S. mortgaged home sales, up from 14% a year earlier but down from 16.3%

Mortgage 436

Mortgage Buyers Insurance Government 436

Housing Wire

MAY 4, 2022

Offerpad may lack the brand recognition and investor money possessed by home-flipping incumbent Opendoor , failed iBuyer Zillow , or of ramping-up iBuyer Redfin. The Chandler, Arizona-based business reported $41 million in net income for the first three months of 2022 on $1.4 billion in revenue.

Investors 377

Investors Business Valuation Insurance 377

Housing Wire

APRIL 10, 2023

While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. That, combined with a recent reduction in FHA mortgage insurance premiums and a mid-month increase in the FHA-to-conforming spread, made FHA loans comparatively more attractive,” Walden said.

Marketing 362

Marketing Insurance Housing Market Mortgage 362

Housing Wire

JULY 21, 2023

Related to its goal of achieving profitability , title insurer Doma announced Thursday that it had sold its title operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies. million in Q1 2022. The financial terms of the deals were not disclosed. During Q1 , Doma recorded a 33.7% million from $44.90

Insurance 346

Insurance Clients Retail Real Estate 346

Housing Wire

JULY 6, 2023

Better.com also spilled red ink in both 2022 and 2021, reporting a net loss of $888.8 The lender funded 2,347 loans in Q1 2023, a decline of 87% compared to 18,559 loans funded in Q1 2022. 31, 2022, a decrease of 81% from 153,843 for the year ending on Dec. 31, 2022, a decrease of 81% from 153,843 for the year ending on Dec.

Real Estate 368

Real Estate Agents Business Mortgage 368