Housing Wire

JANUARY 23, 2024

With deadlines extending into 2025, it’s possible that government officials currently in leadership positions at Ginnie Mae and the U.S. The deadline for “all expert and factual discovery” will be March 14, 2025. Department of Housing and Urban Development (HUD) may not be in office should the suit progress to trial sometime next year.

Government 343

Government Development Mortgage Legal 343

Housing Wire

FEBRUARY 8, 2024

DocuSign began to cut operating costs for fiscal year 2025, including areas such as program spending, professional fees and noncritical open roles, according to a message that CEO Allan Thygesen shared with employees on Tuesday. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said.

Technology 378

Technology Investors Finance Business 378

Housing Wire

MARCH 20, 2024

The so-called dot-plot estimates show the Fed might make one fewer rate cut in 2025 compared to its forecast in December 2023. As with investors strengthening their bets of an initial rate cut in June, that same sentiment is shared among housing pros. “I this year before declining to a range of 6% to 7% in 2025.

Mortgage 389

Mortgage Government Lending Investors 389

Housing Wire

APRIL 29, 2024

First American First American was the first to announce its results, hosting an earnings call with investors and analysts last Wednesday. Craig Smiddy, the firm’s president and CEO, told investors and analysts that he does not see any of these proposed title policies materially impacting Old Republic’s business. million, up from $45.9

Insurance 343

Insurance Investors Housing Market Government 343

Housing Wire

OCTOBER 2, 2023

And recent transactions show that there’s an appetite among investors for debt in the mortgage space. The fears that investors had as to how much damage this downturn would have on companies have abated.” Investors have an appetite In September, Freedom Mortgage raised $1.3 billion in about 24 hours.

Mortgage 357

Mortgage Marketing Investors Investing 357

Housing Wire

JANUARY 3, 2024

In December, Pennymac raised $750 million in unsecured debt with qualified institutional investors and will use the proceeds of the offering to repay a portion of the company’s secured debt due in 2025. As with many lenders, Pennymac’s servicing earnings propped up its latest third-quarter performance.

Loan Officers 348

Loan Officers Development Investors Finance 348

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We We are a company of top agents.” Reffkin’s confidence came from what he called “five facts.” million to 5.6

Agents 335

Agents Brokerage Real Estate Clients 335

Housing Wire

MARCH 21, 2024

Attorneys at Bronstein, Gewirtz & Grossman LLC , a firm that represents investors in securities fraud class actions and shareholder derivative suits, announced Thursday that they are investigating potential claims against FICO since its stock price fell by 6.23% to $82.77 historical data, starting in Q3 2024 rather than Q1 2025.

Mortgage 400

Mortgage Government Marketing Business 400

Housing Wire

SEPTEMBER 11, 2023

historical data to support credit model updates in the first quarter of 2025. By the fourth quarter of 2025, the FHFA was to have incorporated credit score model updates into capital and pricing. The original timeline also called for the FHFA to begin delivering and disclosing FICO 10T and VantageScore 4.0

Finance 359

Finance Government Mortgage Investors 359

Housing Wire

AUGUST 8, 2023

million in the previous quarter, “primarily driven by higher pull through weighted lock volume and gain on sale margin,” the company told investors. The company said the increase is due to the Vision 2025 plan and higher direct costs attributable to increased origination volumes, which was partially offset by cost productivity.

Human Resources 299

Human Resources Lending Investors Mortgage 299

Housing Wire

MARCH 8, 2023

The rough Q4 underscores the fact that loanDepot’s “Vision 2025” plan, which includes rightsizing its operations, will take many quarters to improve financial performance and return the lender to profitability. Vision 2025 initially projected loanDepot’s headcount to be 6,500 as 2022 came to a close.)

Housing Market 370

Housing Market Investing Mortgage Real Estate 370

Housing Wire

AUGUST 10, 2023

The class action was filed on behalf of investors who purchased loanDepot’s class A common stock in connection with the company’s initial public offering on February 16, 2021. It also includes investors who acquired company stock between March 16, 2021 and September 22, 2021. loanDepot stock was trading at $2.14

Investors 337

Investors Investing Marketing Legal 337

Housing Wire

FEBRUARY 21, 2024

The company also said the platform brings an “embedded compliance rules engine that proactively prevents errors and enables anytime auditability against investor requirements.” Mr. Cooper is the first client in the platform, with the expectation of full implementation early in 2025.

Technology 324

Technology Modernization Clients Mortgage 324

Housing Wire

FEBRUARY 22, 2024

On a call with investors and analysts, Stewart CEO Fred Eppinger noted that the company’s focus in 2023 was on creating a more resilient firm that would be able to succeed in all phases of the real estate market cycle. as reported,” Nolan told investors and analysts during the firm’s Q4 2023 earnings call. “As

Marketing 372

Marketing Investors Housing Market Investing 372

Housing Wire

DECEMBER 22, 2023

Piercy expects that the combined MSR trading volume in the coming two years (2024 and 2025) will be on par with or slightly better than the combined trading volume of 2022 and 2023, when rates spiked and more than $1 trillion in MSR deals transacted each year. trillion, down considerably from the $4.4

Mortgage 396

Mortgage Marketing Housing Market Buyers 396

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. Investors’ eyes are now fixed on the upcoming FOMC meeting, scheduled for June 13 and 14. ” According to Ratiu, the spread between the 10-year Treasury and Freddie Mac’s 30-year mortgage rate remains elevated, mirroring investor uncertainty.

Mortgage 374

Mortgage Investors Inventory Housing Market 374

Housing Wire

DECEMBER 13, 2023

in 2025, indicating four more 25 bps cuts. Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions. Instead, fresh economic projections from central bank officials showed rates would be slashed to a median 4.6% What does this mean for mortgage rates? “The

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

AUGUST 2, 2023

As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. The expected output of this strategy is to grow our share of customer transactions from 3% to 6% by the end of 2025,” he said.

Agents 349

Agents Finance Sellers Housing Market 349

Housing Wire

SEPTEMBER 12, 2023

Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. After a loan is funded, the lender usually sells it to an investor who pays a price expecting a long-term return. Andreano said rates will drop from the current levels, whether next year or 2025.

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

Housing Wire

MAY 28, 2021

Custodians are responsible for storing mortgage collateral documents on behalf of the investor for the life of the loan – 30 years, plus ~4 years after the mortgage is paid in full. There are approximately 55 million files currently held by document custodians, which is expected to grow to 61 million by 2025.

Mortgage 416

Mortgage Investors Tools Technology 416

Housing Wire

NOVEMBER 1, 2023

“Today we are focused on delivering the Housing Super App , a tech enabled end-to-end platform with products and services that make it easier for people to move,” Barton told investors and analysts listening to the firm’s Q3 2023 earnings call Wednesday evening. It’s a year of execution as we prepare to scale in 2024 and 2025.

Real Estate 423

Real Estate Advertising Agents Realtors 423

Housing Wire

FEBRUARY 13, 2024

It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. After initial confusion and skepticism over the app, Zillow’s vision has slowly become clearer.

Agents 327

Agents Sellers Buyers Law 327

Housing Wire

JUNE 1, 2023

debt limit until January 2025 and cap government spending. While mortgage bond investors remain concerned about the downside risks for both the economy and housing markets, a successful debt ceiling bill is expected to bring mortgage rates lower in the weeks ahead,” Ratiu said. trillion U.S.

Mortgage 354

Mortgage Government Housing Market Marketing 354

Housing Wire

DECEMBER 26, 2023

“We’re not saying 2025. ” The KBW 2024-2025 housing forecast calls for home price growth of 2%, which is below wage inflation, but anticipates home sales growth of just 2%, marking a 41-year per capita low. ” Additionally, predicting the market recovery’s timing is challenging. But it’s possible.

Mortgage 491

Mortgage Inventory Marketing Finance 491

Housing Wire

JULY 24, 2023

The transaction is expected to be neutral to Rithm earnings in 2024 and accretive in 2025. We have long sought a partner with the stable capital structure, culture and vision to help unlock the potential for our platform to deliver more and greater value to our fund investors,” Levin said in a statement. Rithm is paying $11.15

Investing 197

Investing Real Estate Business Investors 197

Housing Wire

JANUARY 11, 2024

He has been an RPAC major investor since 2004 and has twice been inducted into NAR’s RPAC Hall of Fame. In 2022, Sears’ was elected at NAR’s 2023 first vice president , putting him on the ladder to serve as NAR president in 2025. Deval Patrick and again in 2019 by Gov. Charlie Baker.

Realtors 355

Realtors Real Estate Legal Law 355

Housing Wire

JUNE 13, 2023

In December, stock car racing team Jesse Iwuji Motorsports (JIM) accused the lender of allegedly failing to make more than $4 million in sponsorship payments after the company received a margin call from its investors. TGT is holding a security deposit of $9,135.49.

Retail 362

Retail Loan Officers Landlords Lending 362

Housing Wire

JANUARY 21, 2022

MAXEX has been at the forefront of creating standardized ESG-compliant loan programs with investors paying up as much as 50 basis points for these loans,” states a market-update report published by MAXEX this past December. Roelof Slump, managing director of U.S. Slump added. That’s been an obstacle,” he said.

Marketing 369

Marketing Investors Development Mortgage 369

Housing Wire

MARCH 5, 2024

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. trillion in 2025, according to forecasts from the Mortgage Bankers Association (MBA). For comparison, lenders funded $2.4

Loan Officers 377

Loan Officers Mortgage Buyers Inventory 377

Housing Wire

FEBRUARY 10, 2023

And investors can expect the company to keep growing its servicing business in the months to come. trillion from 2023 to 2025. The servicing portfolio propelled Mr. Cooper Group ‘s overall earnings in the fourth quarter of 2022 when cost-cutting initiatives weren’t enough to bring the origination business to profitability.

Business 275

Business Mortgage Lending Investors 275

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

Inventory 369

Inventory Buyers Sellers Investors 369

Housing Wire

DECEMBER 20, 2023

percentage points] by early 2025, which is more than both Fed policymakers and market participants currently project.” “What’s surprising to me is that there seems to be so little investor concern that a slow-growing economy will turn into something worse, or that inflation proves stickier than expected,” he wrote.

Mortgage 389

Mortgage Realtors Real Estate Marketing 389

Housing Wire

OCTOBER 14, 2020

Bulfer noted, however, that StreamLoan has no desire to morph into a pure-play insurtech company, although the startup’s investors and executives are “bullish” on incorporating more insurance functionality into the platform. billion by 2025, with banks and insurance companies consuming much of the market share.

Insurance 324

Insurance Technology Lending Real Estate Agent 324

Housing Wire

JANUARY 29, 2024

The most pessimistic forecast call for a drop of 40% nationwide by the end of 2025. It will also create economic stress for servicers and investors in dealing with advances and extended payment spreads. Over the last four years, Zillow estimates that the average home has appreciated nearly 30%.

Insurance 344

Insurance Real Estate Technology Clients 344

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. ” He added that the MSR market, according to his firm’s projections, is expected to grow by an additional $1 trillion UPB by 2025.

Sellers 283

Sellers Investors Valuation Finance 283

Housing Wire

AUGUST 3, 2023

Likewise, industry experts said interest rates will likely come down in the not-to-distant future, and that will eventually restart the existing-home sales engine — whether that’s next year or in 2025. So, that just means not everybody can afford a new house, or a house altogether.” There’s more demand [for single-family homes] than supply.

Construction 363

Construction Development Finance Mortgage 363