Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 351

Mortgage Marketing Retail Construction 351

Housing Wire

FEBRUARY 10, 2022

A Rocket Companies ’ investor filed a stockholder derivative complaint on Monday that accuses the company’s chairman of using non-public information to sell stocks and avoid material losses. The lawsuit, first reported by Reuters, was filed in the Delaware Chancery Court by an investor, Christopher Vargoshe. He sold 20.2

Investors 381

Investors Legal Law Investing 381

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

Mortgage 437

Mortgage Retail Buyers Investors 437

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Slow construction and restrictive zoning laws.

Inventory 394

Inventory Marketing Mortgage Supply Chain 394

Housing Wire

FEBRUARY 28, 2024

Ellington Financial , parent company of top 10 reverse mortgage lender Longbridge Financial , reported a lower economic return for the fourth quarter of 2023, which was partially driven by net losses from Longbridge “and other positions,” according to CEO Laurence Penn. per share — Ellington chief financial officer J.R.

Mortgage 360

Mortgage Investors Retail Business 360

Housing Wire

AUGUST 25, 2023

filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. AmeriFirst told Housingwire that the bankruptcy action has no impact on closed mortgages and the loans in the pipeline will be closed and funded. Retail lender AmeriFirst Financial Inc.

Mortgage 370

Mortgage Retail Business Lending 370

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.

Investors 423

Investors Housing Market Finance Construction 423

Housing Wire

MAY 15, 2024

The most anticipated economic report of the month showed that inflation cooled down a little in April, bringing relief to investors and housing industry professionals. Record levels of new apartment construction in some markets in 2023 started bringing rents down,” Sturtevant said. Consumer prices in April were up 3.4%

Construction 410

Construction Investors Marketing Mortgage 410

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. in events to garner business. Roughly 36.3%

Housing Market 385

Housing Market Mortgage Marketing Inventory 385

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. This has led to a rise in foreign investor purchases of U.S. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.90%. for the past two weeks. 22 was 1.32.

Mortgage 446

Mortgage Inventory Construction Technology 446

Housing Wire

MAY 24, 2023

debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% retail residential mortgage applications. “Investors remained attuned to the uncertainty around the U.S.

Mortgage 381

Mortgage Inventory Retail Housing Market 381

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. 8. “With the acquisition of AFR, we will build on our already strong mortgage platform.

Lending 338

Lending Renovations Construction Finance 338

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 321

Mortgage Property Taxes Housing Market Buyers 321

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.”. “We

Lending 417

Lending Mortgage Marketing Technology 417

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The deal drew significant interest from institutional investors. billion since it launched its securitization program in 2019.

Investing 300

Investing Investors Real Estate Construction 300

Appraisal Buzz

JUNE 14, 2024

In today’s low-volume market cycle, mortgage originators can build business by focusing on purpose-built loan products designed to overcome the specific challenges homebuyers face in the current market. That is a significant increase from the 13% average between 2000-2019 in new construction.

Marketing 221

Marketing Renovations Construction Finance 221

Housing Wire

JANUARY 5, 2024

Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. Construction employment continued to trend up, with the sector adding 17,000 jobs in the last month of 2023.

Transportation 410

Transportation Construction Government Investors 410

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial. In 2022, AmeriFirst closed $2.5

Loan Officers 333

Loan Officers Mortgage Real Estate Agent Business 333

Housing Wire

AUGUST 3, 2023

Mortgage rates continued to inch towards 7% this week as the 10-year treasury yields climbed past the 4% threshold. Investors assessed the state of the U.S. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time. economy after Fitch Ratings downgraded the U.S.′ The following day, the U.S.

Mortgage 327

Mortgage Inventory Government Buyers 327

Housing Wire

DECEMBER 8, 2022

Mortgage rates continued the downward trend this week amid signs that the U.S. Most investors expect that in its meeting next week, the Fed will hike rates by 50 bps instead. At Mortgage News Daily , rates were even lower, at 6.29% on Thursday afternoon. economy is cooling down due to the tightening monetary policy.

Mortgage 365

Mortgage Home Value Construction Investors 365

Housing Wire

JULY 13, 2022

Millennial and Gen Z investors have been voting with their wallets, demanding that ESG-like items are incorporated into investment decisions. When thinking about ESG in RMBS, right now there are three considerations that can help the mortgage market properly capitalize on the momentum behind the ESG movement.

Investing 316

Investing Mortgage Investors Transportation 316

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 380

Mortgage Loan Officers Inventory Retail 380

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages.

Finance 388

Finance Investing Real Estate Agent Real Estate 388

Housing Wire

JULY 14, 2022

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. Because we are in the hard money space, we don’t have a lot of investors willing to buy our assets because of the rate hikes, is what our CEO told us.”.

Human Resources 379

Human Resources Construction Legal Investors 379

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. So what happened and who is paying all cash for homes?

Realtors 417

Realtors Buyers Inventory Investors 417

Housing Wire

OCTOBER 5, 2023

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. This could make raising capital for new construction projects harder, and more expensive, everywhere. In the U.S.,

Real Estate 400

Real Estate Housing Market Marketing Investors 400

Housing Wire

AUGUST 16, 2022

has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. Blue Water provides asset valuation, MSR distribution, MSR hedging and digital solutions to MSR investors and mortgage lenders. Canadian real estate tech firm Voxtur Analytics Corp.

Valuation 301

Valuation Technology Investors Real Estate 301

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” per diluted share.” That’s up from $2.53

Supply Chain 356

Supply Chain Construction Inventory Marketing 356

Housing Wire

MARCH 22, 2023

Pacific Western Bank also explored a capital raise with potential investors. The increase was due primarily to the residential and real estate mortgage and construction portfolios, consisting of 70% of the total portfolio in Q4 2022. In addition, it has drawn $3.7 billion from the Federal Home Loan Banks , $10.5

Real Estate 363

Real Estate Investors Investing Finance 363

Listing Spark

JUNE 7, 2024

In the past decade or so, buying a fixer-upper, updating it, and then selling it for a nice profit attracted seasoned real estate investors and newbies alike. Many professional and amateur investors wanted a piece of the quick-profit pie. Interest Rates Are High As of May 2024, the loan rate for a 30-year fixed mortgage is 7.06%.

Investors 36

Investors Modernization Real Estate Tools 36

Housing Wire

JANUARY 8, 2021

For the system to work, mortgage-backed security investors need an efficient and verifiable means to know that all loans in their securities comply with this law, and originators and issuers want certainty that they are not running afoul of the Bureau. Demographics are shifting, too.

Government 241

Government Mortgage Finance Legal 241

Housing Wire

FEBRUARY 22, 2022

Lenders who want to thread the needle between the different interests of borrowers, investors and regulators need smart, efficient mortgage software solutions to meet their servicing goals. According to Craig Martin , mortgage practice lead with J.D.

Investors 328

Investors Mortgage Construction Business 328

Housing Wire

FEBRUARY 24, 2022

But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course. One hypothetical path to profitability is ancillary services, particularly Opendoor mortgage loans and title insurance.

Investors 427

Investors Real Estate Inventory Finance 427

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

Mortgage 394

Mortgage Inventory Housing Market Construction 394

Housing Wire

OCTOBER 12, 2023

1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision. Both home prices and mortgage rates continue to rise. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. In comparison, the CPI rose 0.6%

Government 337

Government Housing Market Contracts Insurance 337

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. In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022.

Renovations 389

Renovations Realtors Construction Mortgage 389

Housing Wire

SEPTEMBER 20, 2023

Most investors are already wondering what it would take for the central bank to lift rates again later this year. The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. However, at Mortgage News Daily , mortgage rates were higher on Tuesday, at 7.30%.

Housing Market 412

Housing Market Mortgage Landlords Marketing 412