Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HousingWire: What sets you apart from other non-QM lenders and how does that benefit originators and investors?

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Housing Wire

MAY 10, 2024

A prospective buyer would still need to come up with $120,000 to close the gap. If the buyer has a 20% down payment, or $80,000, they would still need an additional $40,000 to seal the deal. Assumable mortgages enable qualified buyers to take over a seller’s mortgage terms, including the existing balance and interest rate.

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Housing Wire

MAY 28, 2024

.” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. In May 2023, the subsidiary launched a new digital MSR exchange , known as eMSR Exchange, which connects buyers and sellers of co-issue flow offerings online and provides 24/7 pricing.

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Housing Wire

JUNE 11, 2024

Historically, buyers have had unlimited access to agents without ever needing to compensate them for their time,” Garg said. The settlement of the commission lawsuits mandates that buyers now sign a contract to compensate their agents directly before touring homes or even identifying potential properties.

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Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. This represents a competitive challenge for buyers relying on financing.

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Appraisal Buzz

JUNE 13, 2024

He has also held leadership roles and served as an individual revenue contributor at WNS North America, Capgemini, Recovery Management International, along with roles at various other mortgage lending institutions.

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Buyers Housing Market Lending Investors 221

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

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Marketing Loan Officers Lending Brokerage 337

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

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Investors Housing Market Finance Construction 427

Housing Wire

APRIL 5, 2024

With civil rights bills like the Fair Housing Act (FHAct) and Equal Credit Opportunity Act (ECOA) now the law of the land, most lenders will note that they rely on supposedly objective borrower screening algorithms to make lending decisions. But the results tell a different story. credit histories.

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Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. By providing jumbo loans, lenders like Acra are able to make those higher-priced homes available as an option for home buyers.

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Housing Wire

OCTOBER 5, 2023

Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted.

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Real Estate Housing Market Marketing Investors 404

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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Housing Wire

DECEMBER 13, 2023

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. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

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Mortgage Marketing Investors Lending 346

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. 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.

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Finance Marketing Renovations Investors 355

Housing Wire

SEPTEMBER 24, 2021

As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase. Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. The only problem?

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Lending Renovations Finance Investors 378

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing.

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Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. Presented by: Sagent Lending Technologies.

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Technology Lending Investors Modernization 372

Housing Wire

MARCH 22, 2021

John Hedlund: Non-delegated lending can serve multiple purposes for different types of lenders. For mortgage brokers looking to make the jump to mortgage banking, non-delegated lending is the perfect way to build the resume they need on their journey to a fully delegated, agency-approved seller and servicer.

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Business Lending Investors Sellers 440

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines. That was a problem for sellers of loans.

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Marketing Mortgage Investors Sellers 382

Housing Wire

SEPTEMBER 21, 2021

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. Maxwell will provide the platform service for sellers and attract buyers. Learn more here! Presented by: iEmergent.

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Investors Sellers Clients Technology 247

Housing Wire

JUNE 8, 2021

With tightened housing stock supply, the competition for home buyers is fierce this year. One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We

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Inventory Renovations Lending Construction 334

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? It’s not subprime lending. That takes a lot of time. The way forward is streamlining the process all the way through.”.

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Lending Investors Mortgage Clients 352

Housing Wire

MARCH 2, 2023

While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. Our credit committee actually works with rating agencies, investors and investment bankers to put together our own guidelines. The lender securitized four deals in 2021.

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Mortgage Investors Development Investing 393

Housing Wire

NOVEMBER 7, 2023

The proposal would make it more expensive for large banks to hold, sell or service mortgages, reinforcing their now decade-long retreat from mortgage lending. Banks would be unable to improve the economics of mortgage lending by transferring the risk to a third party, a common practice in the mortgage industry.

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Mortgage Marketing Finance Lending 425

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5

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Realtors Housing Market Marketing Buyers 388

Housing Wire

JANUARY 18, 2023

There are a few investors, including Pennymac, that are in a good position to take advantage of that opportunity.”. It also plans to increase minority home lending through a special purpose credit program it launched last year. Connie Kim: How does Wells Fargo exiting the correspondent lending channel affect Pennymac?

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Clients Investors Lending Mortgage 389

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

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Mortgage Lending Finance Retail 375

Housing Wire

JANUARY 26, 2022

For qualifying buyers, loans can be distributed in amounts up to $3 million. Building the next generation of tech: Three ways to digitize home lending. Meanwhile, in October 2020, Tomo picked up $40 million in a seed round led by the same investors. Refinancing is also not an option.

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Mortgage Advertising Lending Brokerage 318

Housing Wire

AUGUST 31, 2022

For the mortgage industry, the dash toward virtual solutions and reliable fintech was crucial to reigniting the journey for hopeful home buyers. As the world population was forced to press pause on many of life’s biggest milestones, innovation took hold and companies found new ways to conduct business through the digital landscape.

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Lending Real Estate Technology Design 345

Housing Wire

JULY 29, 2021

As the economy works to get back to its pre-pandemic self, and the fight against Covid-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time,” said Khater. Potential buyers continue to be put off by extremely high home prices and increased competition.”.

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Mortgage Valuation Investors Housing Market 421

Housing Wire

SEPTEMBER 8, 2022

Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

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Inventory Law Housing Market Design 543

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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Loan Officers Agents Retail Technology 378

Housing Wire

DECEMBER 21, 2020

The latest round of funding was led by existing investors Tiger Global , 8VC and Menlo Ventures. Just a few days ago, Walters Kluwer acquired eOriginal , a cloud-based digital lending software for $280 million. Qualia has raised $160 million in venture capital since its founding in 2015. Presented by: Rocket Pro TPO.

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Lending Real Estate Modernization Investors 458

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. And investor guidelines are continually evolving. Over the past year, as more investors got comfortable with non-QM again, credit boxes widened quite a bit and investors were aggressively relaxing their guidelines.

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Marketing Investors Technology Loan Officers 334

Housing Wire

MARCH 22, 2023

The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 376

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. So why is this program so rare?

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Mortgage Loan Officers Government Buyers 372

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Last year, investor Redwood and Point, the latter founded in 2014, completed a first-of-its- kind securitization backed by HEI contracts.

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