Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Housing Market Marketing Contracts Finance 417

Housing Wire

FEBRUARY 23, 2024

TCB claims that it dealt with Ginnie Mae in good faith, having lent “millions of dollars in much-needed financing to help the collapsing [RMF] continue making payments to senior citizens as part of a mortgage program critical to the federal government.”

Government 405

Government Contracts Finance Lending 405

Housing Wire

OCTOBER 12, 2022

has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. The financing arrangement was also dated June 3, 2020. Home Point Financial Corp. million, SEC filings revealed. .

Lending 395

Lending Contracts Finance Mortgage 395

Housing Wire

SEPTEMBER 22, 2022

Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan. In exchange, the homeowner inks a contract providing the company with a slice of the homeowner’s future equity.

Marketing 383

Marketing Contracts Finance Home Value 383

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Housing Wire

NOVEMBER 1, 2023

16, Gifford said that Redwood stopped buying home equity investment (HEI) contracts prior to the launch of Aspire. Gifford also specified that Redwood was buying HEI contracts from different parties in the space and then pulled back from its commitments. During a phone interview with HousingWire on Oct.

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Investors Investing Contracts Loan Officers 417

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 406

Contracts Brokerage Law Real Estate Agent 406

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.”

Lending 417

Lending Mortgage Government Finance 417

Housing Wire

APRIL 18, 2024

She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. G-Rate produced over $73 billion, $114 billion and $53 billion, respectively, in mortgage volume in 2020, 2021 and 2022, according to Inside Mortgage Finance estimates.

Loan Officers 445

Loan Officers Human Resources Contracts Mortgage 445

Housing Wire

MARCH 21, 2024

Founded in 2007, it was the only top 10 national lender to grow its sales volume on a year-over-year basis in the first half of 2023, according to Inside Mortgage Finance data. By contract, the country’s top 50 lenders as a whole saw volumes fall by more than 50% during the same period.

Lending 411

Lending Retail Contracts Construction 411

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

Marketing 469

Marketing Contracts Supply Chain Project Management 469

Valuation Review

JULY 28, 2021

a provider of trusted solutions supporting the entire lifecycle of real estate finance, renewed its contract with Florida’s State Board of Administration. SitusAMC Holdings Corp., The move helps provide real estate valuation and loan administration services.

Contracts 60

Contracts Valuation Real Estate Finance 60

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from the prior month, though in-contract deals were still down 17% from February 2022. from February 2022.

Contracts 304

Contracts Realtors Home Value Housing Market 304

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. Assuming the buyer followed the rules of the contract contingency, he/she would get the earnest money back and the deal is off the table – all thanks to this important condition. FINANCING The financing contingency is critical for the buyer.

Contracts 53

Contracts Buyers HOA Inspection 53

Housing Wire

FEBRUARY 7, 2022

Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts. Unison also shares some of the downside if the property loses value over the course of the contract.

Investing 360

Investing Marketing Contracts Investors 360

Housing Wire

NOVEMBER 16, 2023

The CDFI certification is given by the Treasury Department CDFI Fund to lenders providing financial services to low-income communities and people who lack financing. But at least 60% of a lender’s financing must target these borrowers.

Lending 412

Lending Finance Contracts Development 412

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 383

Lending Business Retail Client Relationships 383

Housing Wire

SEPTEMBER 21, 2023

Our sales team can get the pre-approval out at 8:35, away from their desks, all within this robust tool that will help them hustle smarter for our partners and deliver contract winning speed to our amazing customers,” Guaranteed Rate’s president & CEO Victor Ciardelli, said in a prepared statement. Agents submitting an offer at 8:30pm?

Open Houses 407

Open Houses Contracts Finance Tools 407

Housing Wire

NOVEMBER 3, 2023

The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

Lending 406

Lending Finance Legal Contracts 406

Housing Wire

JULY 28, 2021

Kan noted that the Federal Housing Finance Agency reported that May home prices were 18% higher than a year ago. The purchase index decreased for the second week in a row to its lowest level since May 2020. It’s now fallen on an annual basis for the past three months. from 64.9% the previous week.

Mortgage 383

Mortgage Contracts Finance Investors 383

Housing Wire

AUGUST 28, 2023

Department of Treasury CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities. The CDFI certification is a designation given by the U.S.

Lending 370

Lending Design Finance Contracts 370

Housing Wire

MARCH 2, 2023

He joined Ginnie in March 2022 following a stint as supervising attorney advisor for the Federal Housing Finance Agency (FHFA). He was appointed to principal executive vice president in January 2023. The position is based in Washington, D.C.

Government 381

Government Finance Contracts Insurance 381

Housing Wire

AUGUST 30, 2023

Digital mortgage lender Better Home & Finance faces a $1.86 The firm ranked as the 59th largest mortgage lender in the country in the first quarter, data from Inside Mortgage Finance showed. million suit for breaching advertising placement agreements with digital and print publisher Meredith Operations Corporation. Among the $2.1

Advertising 395

Advertising Finance Contracts Mortgage 395

Mashvisor

JULY 8, 2022

As a real estate investor, you may occasionally bump into the term “under contract.” ” But what does the term mean in real estate investing? Table of Contents Understanding the Term…

Contracts 67

Contracts Real Estate Investors Investing 67

GoForrmz

JANUARY 20, 2023

Keep finances at your fingertips with digital forms Digital forms have modernized the way accounting businesses work. This is especially important for legally binding documents, like an electronic signature form with sensitive contract information. They provide a convenient and efficient alternative to traditional paper-based forms.

Finance 78

Finance Clients Design Business 78

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. “It is important to get that notice out up front, and this contract is now going to make that a little bit more clear.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing.

Agents 453

Agents Buyers Real Estate Agent Loan Officers 453

Housing Wire

DECEMBER 5, 2023

million in damages related to a breach of contract claim (plus interest and attorney’s fees), representing six years of avoided license fees. Black Knight filed a complaint against PennyMac in November 2019 for breaching contracts and misappropriating trade secrets. 28, an arbitrator awarded Black Knight $155.2

Contracts 417

Contracts Development Legal Law 417

Housing Wire

DECEMBER 21, 2023

This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. REALITY: Sometimes people need to finance multiple properties at once, as in the case of active-duty military personnel who receive transfer orders.

Mortgage 437

Mortgage Renovations Appraisal Process Finance 437

Housing Wire

JANUARY 3, 2024

Don’t talk about how busy you are, about a deal you’re trying to save, inspection and financing drama, or how you’re going to be out of town for two weeks. Assuming you did a great job presenting, closing is easy, conflict-free and results in a signed listing contract. They don’t care about any of that.

Real Estate 430

Real Estate Inspection Clients Contracts 430

Housing Wire

NOVEMBER 15, 2023

decline year over year, according to Inside Mortgage Finance (IMF) estimates. In a letter sent to a broker parter that HousingWire reviewed, Citizens said the contract has been terminated according to the terms of the agreement after the close of business on Wednesday. In the first half of the year, Citizens originated $2.4

Retail 437

Retail Mortgage Brokerage Finance 437

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. Industry practitioners have some ideas for how HUD might make financing such loans more feasible.

Mortgage 383

Mortgage Finance Lending Development 383

Appraiserblogs

APRIL 10, 2023

The article titled “FHFA Data Fueling Looks into Appraisal Bias” was in the Inside Mortgage Finance Publications e-newsletter on 4/06/23. The Federal Housing Finance Agency is a is a critical provider of the data necessary for oversight, enforcement and research, FHFA Director Sandra Thompson noted during a discussion in late March.

Appraisal 119

Appraisal Contracts Valuation Finance 119

Housing Wire

MARCH 15, 2024

“You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.”

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

Mortgage 354

Mortgage Contracts Legal Business 354

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 413

Real Estate Brokerage Valuation Contracts 413

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The volume of HELOC loans declined by 17% to $60.1

Lending 360

Lending Renovations Real Estate Finance 360