Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Business 392

Business Investors Finance Home Improvement 392

Housing Wire

JANUARY 11, 2023

Nashville, Tennessee-headquartered Defy Mortgage is the latest player to join the non-QM (non-qualified mortgage) lending space, which targets entrepreneurs and gig workers who have various forms of collateral, including cryptocurrency. We are able to count it as liquidity from a reserve requirement and for asset depletion.”.

Lending 421

Lending Mortgage Marketing Technology 421

Housing Wire

NOVEMBER 30, 2021

As we look forward to 2022, the non-QM market is predicted to grow substantially. There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. trillion in 2022, according to the Mortgage Bankers Association – non-QM will be part of that, of course.

Supply Chain 340

Supply Chain Lending Investors Renovations 340

Housing Wire

JANUARY 5, 2023

Silvergate’s provisional fourth quarter earnings report revealed that it exited its mortgage warehouse lending product in the fourth quarter of 2022 due to “the current macro environment, the rising interest rate environment and related reduction in mortgage volumes.”. billion in crypto-related deposits. billion on September 30. “In

Lending 351

Lending Mortgage Investors Clients 351

Housing Wire

SEPTEMBER 13, 2022

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit. billion in 2022 from last year’s $4.4

Lending 369

Lending Government Mortgage Investors 369

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HW: What strategies can loan officers employ to win with non-QM in the second half of 2022? What would you say to those loan officers?

Lending 353

Lending Loan Officers Training Investors 353

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 335

Housing Wire

MARCH 27, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. to take its lending division, LendCo , public. and Jefferies Financial Group Inc.

Technology 405

Technology Lending Retail Investors 405

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. billion in 2022, up from the previous year’s $2.2 While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022.

Mortgage 395

Mortgage Investors Development Investing 395

Housing Wire

DECEMBER 14, 2021

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ). And it is growing fast, he added. “We’re

Lending 338

Lending Technology Government Investors 338

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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Brokerage Real Estate Lending Mortgage 397

Housing Wire

SEPTEMBER 2, 2022

With rising rates and inflation, non-QM lending has spent the last few months in choppy waters , with some lenders closing their doors. However, the outlook for non-QM for the rest of 2022 is relatively optimistic, according to Acra Lending CEO Keith Lind. “We The post How will non-QM perform for the rest of 2022?

Lending 368

Lending Business Brokerage Investors 368

Housing Wire

OCTOBER 27, 2021

Despite the expected flattening of volume year-over-year, the non-QM sector is expected to double its market share in 2022, from about 5% in 2021 to nearly 10%, according to HomeXpress. Non-QM product knowledge has continuously grown nationwide with not only those in the lending community but with borrowers alike. Looking back.

Lending 333

Lending Housing Market Investors Government 333

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. The segments are expected to remain the major driver of profitability in 2022, Cook said. billion, up 107%.

Finance 374

Finance Investors Mortgage Home Improvement 374

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

NOVEMBER 9, 2023

According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. Our pipeline is up about 24% since July and we’re going to fund almost 23% more loans in 2023 than we did in 2022,” he said. “So Acra is being cautious, Lind said, tightening its lending guidelines.

Lending 357

Lending Investors Business Mortgage 357

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.

Lending 394

Lending Government Legal Law 394

Housing Wire

JUNE 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. John Gibson: SVP, National Sales Director; Wholesale & Correspondent Lending. The housing market has undergone a significant transformation over the past two years.

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Lending Housing Market Technology Business 325

Housing Wire

FEBRUARY 21, 2023

“Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. FOA announced its intention to exit the forward mortgage originations business in late 2022 by winding down the operations of Finance of America Mortgage.

Business 318

Business Lending Finance Real Estate 318

Housing Wire

NOVEMBER 14, 2022

Demand from investors is still solid, albeit more guarded. TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising. Self-employed borrowers, real estate investors and credit-worthy borrowers who have recovered from credit issues will always be in the market.

Lending 368

Lending Investors Loan Officers Technology 368

Housing Wire

OCTOBER 28, 2021

While the mortgage lending industry of the 1980s does not bear a lot of semblance to our experiences today, one thing everyone can agree on is that there is a great deal of pressure and heat on our streets. Ensuring the safety and soundness of residential mortgage originations is a pillar of lending today. The heat is definitely on. .

Lending 338

Lending Inventory Investors Mortgage 338

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 359

Finance Marketing Renovations Investors 359

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. That’ll be a big part.

Realty 347

Realty Loan Officers Retail Real Estate 347

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 354

Mortgage Marketing Investors Lending 354

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. The fraud prevention solutions company saw a 12.6%

Real Estate 372

Real Estate Insurance Investors Lending 372

Housing Wire

AUGUST 16, 2022

335), Trius Lending Partners (no. Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip.

Mortgage 368

Mortgage Lending Investors Brokerage 368

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 356

Mortgage Investors Retail Investing 356

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 million in revenue, according to a letter from Cagney to investors and partners in July.

Lending 313

Lending Valuation Business Technology 313

Housing Wire

SEPTEMBER 29, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. How will non-QM perform for the rest of 2022? Presented by: Acra Lending.

Mortgage 364

Mortgage Lending Investors Government 364

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. After posting production volume of $148.76

Retail 364

Retail Mortgage Loan Officers Lending 364

Housing Wire

JANUARY 9, 2024

CCM claims it is “the first mortgage lender to commit to issuing MBS exclusively based on FICO Score 10 T,” a step for investors at the $12 trillion MBS global market “to familiarize themselves with the new score and realize the promised performance improvement.”

Investors 425

Investors Mortgage Finance Government 425

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 346

Marketing Lending Investors Real Estate 346

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 346

Marketing Loan Officers Lending Brokerage 346

Housing Wire

JULY 19, 2023

She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts. Chikonde’s agreement remained in full effect as she continued working for Go Mortgage before abruptly resigning in July 2022 without notice, the lawsuit claims.

Mortgage 356

Mortgage Marketing Retail Construction 356

Housing Wire

OCTOBER 11, 2022

The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties.

Mortgage 369

Mortgage Investors Investing Lending 369

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. ” While at Guaranteed Rate, Patel and his team closed more than 250 loans in 2022 and increased the purchase volume by 20% from 2021. “I’m

Loan Officers 370

Loan Officers Retail Brokerage Lending 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.

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Investing Investors Design Mortgage 324