Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.

Mortgage 328

Mortgage Marketing Investors Lending 328

Housing Wire

SEPTEMBER 26, 2023

Cooper was completed in August, Home Point Capital agreed to settle for $5 million a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering (IPO).

Investors 320

Investors Lending Law Business 320

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. Demand from investors is still solid, albeit more guarded. HW: What is the outlook for non-QM in 2023? There is some good news and some not so good.

Lending 340

Lending Investors Loan Officers Technology 340

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 348

Investors Government Mortgage Investing 348

Housing Wire

JUNE 13, 2023

The bank expects to improve its loan-to-deposit ratio by 150 basis points by the end of 2023. Warehouse lending, one of the sources of liquidity to independent mortgage bankers (IMBs), usually has good yields and short term, according to industry experts. But they are not immune to systemic industry shocks. The bank had $1.7

Lending 291

Lending Finance Insurance Investors 291

Housing Wire

SEPTEMBER 1, 2023

Congratulations to the 2023 HW Insiders! This year 75 honorees were honored as HW Insiders. Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward.

Technology 413

Technology Development Real Estate Realty 413

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire. I thought it was sparse.

Lending 361

Lending Real Estate Agent Loan Officers Retail 361

Housing Wire

DECEMBER 7, 2023

To watch the on-demand sessions, click on the buttons below. The full session videos are only available to HousingWire Subscribers. Not subscribed yet?

Modernization 353

Modernization Retail Valuation Insurance 353

Housing Wire

AUGUST 21, 2023

Magazine list of the 5,000 fastest growing private companies in America declined in 2023. It was ranked the 98th-fastest growing private company in America in 2023. Interestingly, none of the top three companies on the 2023 list made the cut in 2022. 658 in the 2023 Inc. The self-reported list ranks U.S. 5000 edition.

Real Estate 350

Real Estate Real Estate Agent Technology Investors 350

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. The new product is in the near-final stages of production and will be available in-market by the end of June 2023.

Lending 292

Lending Loan Officers Mortgage Investors 292

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. Congratulations to the 2023 Women of Influence winners.

Real Estate 370

Real Estate Realty Lending Mortgage 370

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.

Brokerage 391

Brokerage Real Estate Lending Mortgage 391

Housing Wire

JULY 5, 2023

Congratulations to the 2023 HW Marketing Leaders! This year’s list includes a diverse group of marketing minds who come from many different aspects of housing. However, they all share a common trait of working collaboratively across their organizations to help drive growth and success. Take a look at each honoree’s full profiles below.

Marketing 359

Marketing Technology Development Real Estate 359

Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! Congratulations to the 2023 Rising Stars! In its tenth year, this industry award is showcasing the up-and-coming leaders in housing who have had major accomplishments all before the age of 40.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

MAY 28, 2024

.” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. JB Long, who joined parent Incenter Lender Services in July 2023 as chief revenue officer, became the president. Founder Tom Piercy took over the chief growth officer role.

Property Taxes 310

Property Taxes Lending Insurance Sellers 310

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. Stratmor Group served as the adviser to AFR for the deal, which was announced in August 2023 and completed on Feb.

Lending 324

Lending Renovations Construction Finance 324

Housing Wire

MAY 2, 2024

His portfolio is concentrated on purchase loans (98% of the total volume in 2023) for first-time homebuyers. Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. “In wholesale, you can shop and sell the loan to a multitude of investors.

Loan Officers 382

Loan Officers Mortgage Retail Lending 382

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. Department of Housing and Urban Development (HUD)], stated that FHA disagrees with Ginnie Mae’s position.”

Lending 367

Lending Government Legal Law 367

Housing Wire

NOVEMBER 17, 2022

HousingWire recently spoke with John Keratsis, president and CEO of Deephaven Mortgage, about what lenders should be doing to capitalize on the boom in non-QM lending and why our preconceived notions about non-QM could be all wrong. Another reason to get into non-QM lending at this very moment is diversification.

Lending 301

Lending Investors Real Estate Agent Loan Officers 301

Housing Wire

FEBRUARY 10, 2023

And investors can expect the company to keep growing its servicing business in the months to come. The direct-to-consumer channel was responsible for 60% of total originations from September to December, with the remainder coming via correspondent lending. trillion from 2023 to 2025. Cooper’s volume declined to $3.2

Business 277

Business Mortgage Lending Investors 277

Housing Wire

JANUARY 8, 2024

HousingWire: How do you view the lending landscape for 2024? The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier. The easiest way to build that awareness was to build a robust lending platform. To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500.

Lending 329

Lending Development Investors Finance 329

Housing Wire

OCTOBER 5, 2023

His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

Technology 357

Technology Real Estate Lending Investors 357

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 330

Lending Investors Business Mortgage 330

Housing Wire

FEBRUARY 14, 2023

HousingWire: As financial institutions plan for 2023, what is their best line of defense in maintaining loan quality and mitigating risk? Amanda Phillips : We agree with other market players that 2023 will be a challenging origination environment. trillion to $1.33 trillion along with a 20% decline in home sales.

Technology 284

Technology Lending Mortgage Investors 284

Housing Wire

MARCH 28, 2024

of the company and there were no outside investors. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. The brokerage’s biggest lending partner is United Wholesale Mortgage , the nation’s largest mortgage lender. Kortas told HousingWire that he owns 50.5% NEXA did $6.29

Mortgage 405

Mortgage Brokerage Loan Officers Business 405

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. LOs are aligning their strategies to target the purchase market, as rates are not expected to drop in a meaningful way in 2023.

Renovations 377

Renovations Realtors Construction Mortgage 377

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. ” In July 2023 , the bank said that to enhance efficiency and streamline operations, it reduced its presence in New York and exited the mortgage banking business. billion.

Loan Officers 310

Loan Officers Insurance Mortgage Lending 310

Housing Wire

JUNE 1, 2023

That dour performance mirrors what’s happening in the primary mortgage market — where origination volume is down drastically year to date in 2023. The MBS math A report released Thursday by real estate data firm ATTOM shows that in the first quarter of 2023, 1.25 KBRA projects that 2023 RMBS 2.0 The math bears it out.

Real Estate 332

Real Estate Mortgage Marketing Inventory 332

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This helps attract ongoing investment capital into the housing sector.

Technology 371

Technology Mortgage Investors Lending 371

Housing Wire

APRIL 8, 2024

The percentage of homebuyers paying discount points roughly doubled from 2021 to 2023,” the report said. Usage of discount points were especially prevalent among low-credit borrowers also using Federal Housing Administration (FHA) lending programs, CFPB said. The increase was even greater among borrowers with lower credit scores.

Investors 413

Investors Mortgage Law Lending 413

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 402

Investors Mortgage Finance Government 402

Inman

JANUARY 2, 2024

Rent began to reverse, office vacancy remained near record highs, banks failed and lending got tricky in 2023. Where are we headed next?

Real Estate 141

Real Estate Investing Lending Investors 141

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, They’re not doing the lending that they were, and I think that is a tailwind for us. billion, up from $2.1

Business 314

Business Lending Investors Finance 314

Housing Wire

MARCH 5, 2024

Rockefeller Asset Management ’s Fintech Innovation Fund led the funding, with return investors Bain Capital Ventures , SignalFire and Checkr also participating in this funding round. million verifications in 2023. Argyle processed more than 1.6 It now covers direct-source income and employment verifications for 90% of the U.S.

Technology 302

Technology Lending Investors Mortgage 302

Housing Wire

NOVEMBER 16, 2022

Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. For the homebuilders he is representing, Hale said acquiring a mortgage-lending operation is a smart way to take advantage of “low-hanging fruit,” among other drivers for such an acquisition. The 2023 buyer profile.

Buyers 398

Buyers Mortgage Sellers Investing 398

Housing Wire

FEBRUARY 15, 2024

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. So we’ll look for him to leverage his relationships into access to investors. Shant has an incredible network. We have a $25 million open series A funding round right now.

Realty 320

Realty Loan Officers Retail Real Estate 320

Housing Wire

FEBRUARY 5, 2024

million mortgages originated in 2023. Of the 2023 vintage, 2 million of these borrowers (or 26%) would be able to cut their first-lien rate by 75 bps if 30-year rates fall to a projected 6% by the end of 2024, with 33% able to save a full percentage point or more. trillion, in 2023. million to 3.8 This number rose by 12%, or $1.14

Housing Market 432

Housing Market Marketing Mortgage Lending 432