Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

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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. However, it is hard to deny that these factors are not influencing the market.

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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 370

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 As we have discussed on previous earning calls, 2023 was a challenging real estate market ,” Carolyn Monroe, the president and CEO of Old Republic National Title Holding Co.

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Insurance Modernization Technology Real Estate 401

Housing Wire

APRIL 10, 2023

Rate lock volume jumped 43% in March on the back of seasonal tailwinds, falling interest rates and stronger purchase market performance. While purchase locks showed significant improvement month over month, the volume is 40% down compared to March 2022. before dropping to 6.4% before dropping to 6.4%

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Marketing Insurance Housing Market Mortgage 382

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. Given the success of our early testing, we expect to deploy it in two markets within the next year.”

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Housing Market Marketing Investors Development 393

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.

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Housing Market Marketing Contracts Finance 414

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 382

Housing Market Renovations Marketing Retail 382

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.

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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.

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Insurance Business Real Estate Investors 402

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 381

Insurance Real Estate Inventory Investors 381

Housing Wire

MARCH 23, 2022

Add Homepoint to the list of lenders entering the non-QM market in 2022 amid a fall in origination volume. . The wholesale lender is preparing to launch two non-qualified mortgage products this year, including bank statement and investor cash flow loans. million. . . million. . .”

Marketing 370

Marketing Investors Real Estate Insurance 370

Housing Wire

JUNE 3, 2022

The delinquent FHA-insured mortgages backing Lakeview’s initial private-label securities (PLS) offering earlier this year, L akeview Trust 2022-EBO1 , all were purchased out of Ginnie Mae loan pools via the agency’s so-called early buy-out, or EBO, program. . million, with all the loans deemed delinquent. In total, 99.3%

Marketing 393

Marketing Mortgage Insurance Business 393

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

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Mortgage Investors Retail Investing 382

Housing Wire

AUGUST 9, 2023

Even with the uncertainty of where the housing market and mortgage rates are headed in the next few months, Nolan said this underlying demand makes him feel cautiously optimistic about the future of the real estate industry as a whole. While the title segment’s revenue dropped 27% year over year to $1.9

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Insurance Housing Market Inventory Real Estate 370

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 370

Insurance Investors Housing Market Law 370

Housing Wire

JULY 28, 2023

Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We billion and $138.5 million in net income.

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Insurance Investors Development Housing Market 369

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. For example, if a property is exposed to high climate risk, its market value may decline.

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Real Estate Insurance Investors Law 433

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.

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Business Loan Officers Law Mortgage 433

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.

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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

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Investors Insurance Mortgage Marketing 382

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 382

Insurance Investors Marketing Clients 382

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 370

Insurance Investors Real Estate Mortgage 370

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.

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Marketing Investors Government Investing 404

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. a share, with a market capitalization of about $1.17 a share, with a market capitalization of about $1.17

Mortgage 370

Mortgage Investors Clients Insurance 370

Housing Wire

FEBRUARY 14, 2023

Managing a profitable mortgage business can be challenging in the best of markets. Modern software automates investor reporting and compliance and creates a more efficient workflow, allowing servicers to effectively service loans in-house. But that’s not the only way loan originators are compensating for a more difficult market.

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Modernization Insurance Investors Tools 370

Housing Wire

MAY 4, 2023

The slower housing market at the start of the year was not enough to prevent Fidelity National Financial from turning a profit. 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.

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Insurance Buyers Business Sellers 382

Housing Wire

FEBRUARY 10, 2023

After a quarter characterized by weakening homebuyer demand and some of the highest mortgage rates seen in decade, it was no surprise that Stewart and First American recorded weaker financial results in the fourth quarter of 2022 compared to the same quarter a year ago. At Stewart , Q4 revenue came in at $665.9 million, down from $961.7

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Buyers Housing Market Investors Insurance 369

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 382

Insurance Investors Technology Development 382

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.

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Mortgage Logistics Insurance Real Estate Agent 393

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 378

Investors Mortgage Insurance Real Estate 378

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 The company’s market cap has since sunk to $1.4

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Investors Business Valuation Insurance 382

Housing Wire

JUNE 13, 2023

In March, Moody’s Investor Service listed Comerica among the nation’s top warehouse lenders for potential rating downgrades. According to IMF, Comerica was the 14th largest warehouse lender nationally based on market share in the first quarter of 2023. But they are not immune to systemic industry shocks. The bank had $1.7

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Lending Finance Insurance Investors 370

Housing Wire

NOVEMBER 30, 2022

Nominations for HousingWire’s TECH100 award are now open through Friday, December 23, 2022. Among this impressive list of submissions, companies like 2022 TECH100 honoree Voxtur are working to improve the entire lending lifecycle. As we continue to deploy innovative data analytics solutions, we create new opportunities in new markets.

Real Estate 370

Real Estate Insurance Technology Lending 370

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 370

Real Estate Investors Finance Mortgage 370

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

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Insurance Clients Retail Real Estate 370

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.

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Mortgage Technology Clients Insurance 382