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 366

Lending Design Finance Contracts 366

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 360

Lending Business Retail Client Relationships 360

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Mortgage applications increased 5.7% from 64.9% the previous week.

Mortgage 382

Mortgage Contracts Finance Investors 382

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

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

Contracts 342

Contracts Lending Investing Investors 342

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.

Mortgage 337

Mortgage Marketing Investors Lending 337

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. She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts.

Mortgage 348

Mortgage Marketing Retail Construction 348

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. .” Finance of America shares traded at $1.46

Mortgage 342

Mortgage Finance Retail Business 342

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

Mortgage 438

Mortgage Technology Investing Investors 438

Housing Wire

JULY 12, 2022

Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation. Unison also shares some of the downside if the property loses value over the course of the contract.

Contracts 313

Contracts Investing Real Estate Investors 313

Housing Wire

DECEMBER 6, 2023

In October, HousingWire reported that Freedom Mortgage and PennyMac Mortgage Investment Trust moved to raise money through debt offerings with high investor demand. million to Black Knight in damages related to a breach of contract claim. For example, Freedom raised $1.3 Other peers would follow suit, analysts said at that time.

Contracts 351

Contracts Investing Mortgage Investors 351

Housing Wire

AUGUST 16, 2023

As the next Fed meeting approaches, investors worry about another rate hike. The average contract interest rate for 5/1 ARMs fell to 6.20% from 6.36% a week prior. For the week that ended August 11, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. from 13.6% the week prior.

Mortgage 345

Mortgage Contracts Government Investors 345

Housing Wire

JANUARY 5, 2023

This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. . Interest rate stability offers the best environment for MBS performance, and inflation reduces the demand that investors have for mortgage-backed bonds.

Marketing 408

Marketing Investors Mortgage Contracts 408

Housing Wire

APRIL 14, 2022

“It doesn’t make sense to start raising interest rates [to fight inflation] without running off their MBS portfolio,” said Laurie Goodman, vice president for housing finance policy and the founder of the Housing Finance Policy Center at the Urban Institute. You don’t know what investor demand is going to be.

Marketing 379

Marketing Investors Government Investing 379

Housing Wire

DECEMBER 11, 2020

She now leads advisory firm Housing Finance Strategies and is a member of FormFree’s board of directors. Lenders had no visibility into the actual financial state of borrowers requesting forbearance, and as a result many lenders and investors found themselves bearing additional risk. ” How it works. .

Lending 399

Lending Contracts Investors Technology 399

Housing Wire

AUGUST 23, 2023

Investors in the bond market were reacting to the government issuing debt while expecting the Federal Reserve to increase rates in September amid persistent inflation,” HousingWire ’s Flávia Furlan Nunes wrote last week. The average contract interest rate for 5/1 ARMs fell to 6.50% from 6.20% a week prior. the week prior.

Mortgage 322

Mortgage Contracts Government Buyers 322

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. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. The inflation data comes on the heels of a stronger-than-expected September jobs report. in August and 0.2%

Government 331

Government Housing Market Contracts Insurance 331

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Finance data. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. Investors were nonplussed.

Mortgage 367

Mortgage Retail Finance Investors 367

Housing Wire

FEBRUARY 7, 2023

Like its peers, loanDepot is struggling amid a contracting mortgage market. Per Inside Mortgage Finance data, conditions have since worsened – the lender originated just $6.37 Per a stockholders agreement, Hsieh has previously committed to vote for a representative of Parthenon, a major investor, as a company director.

Real Estate 306

Real Estate Legal Contracts Mortgage 306

Housing Wire

DECEMBER 9, 2022

“Profitability is likely to remain very constrained well into 2023, until excess origination capacity in the industry declines materially,” Moody’s analysts said in a recent report on nonbank mortgage finance companies. . To manage its cash position amid a shrinking mortgage market, the company laid off nine of its 93 employees in June.

Real Estate 324

Real Estate Advertising Real Estate Agent Investors 324

Housing Wire

MAY 20, 2022

Investment homes often take longer to sell because your audience is other investors. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. Sell to Other Investors Using Roofstock Marketplace.

Real Estate Agent 379

Real Estate Agent Tenants Real Estate Agents 379

Housing Wire

JUNE 13, 2023

” Inside Mortgage Finance (IMF) shows the wholesale channel was responsible for 15% of the first-lien mortgage originations in 2022, compared to the lowest level of 9.8% EPM filed a counterclaim against JIM for breaching the sponsorship contract by changing the car’s driver starting May 2022.

Retail 365

Retail Loan Officers Landlords Lending 365

Housing Wire

SEPTEMBER 9, 2022

The nonagency share of the market has been rising slowly since then, reaching 4.32% in 2021, according to recent analysis by the Urban Institute ’s Housing Finance Policy Center. This [rate of runoff] will necessitate private investors to absorb about $250 billion in additional supply per year over the next decade.

Marketing 355

Marketing Mortgage Investors Legal 355

Housing Wire

DECEMBER 16, 2020

The contract that they drafted has terms on them. The company’s position is that fast prepayment speeds hurt its standing with Fannie Mae and Freddie Mac , investors on the secondary market, and that churning harms borrowers because they should have just been given the better rate initially, not months later. in March 2020.

Mortgage 414

Mortgage Investors Clients Contracts 414

Housing Wire

MAY 27, 2022

Jeremy Potter: Here are the trends that I am closely following: iBuyer and Rent-to-own platforms for first-time homebuyers Blockchain and tokenization technology for smart contracts and fractionalized ownership Dad jokes on Instagram reels. I don’t mean affordable housing in the HUD definition, though I know that’s needed too.

Modernization 340

Modernization Legal Contracts Mortgage 340

Housing Wire

MARCH 25, 2024

Meanwhile, investors are taking steps to acquire the business. For instance, former Treasury Secretary Steven Mnuchin — who recently injected capital into Flagstar Bank ’s struggling owner, New York Community Bancorp — announced his intention to form an investor group to purchase the video app. “In

Loan Officers 355

Loan Officers Tools Business Clients 355

Housing Wire

APRIL 7, 2022

But can Ghamsari play a winning hand when his software business is inextricably tied to the success of the mortgage industry, which is expected to contract by 35% or more in 2022? million in 2020 during the refi-boom and with the market headed into a correction, executives warned investors revenue would plummet. Right again.

Mortgage 366

Mortgage Technology Clients Insurance 366

Housing Wire

FEBRUARY 22, 2023

Volumes have significantly contracted, so all of a sudden there’s less secondary volume in general,” said Sean Banerjee, co-founder and CEO of ORSNN , a Seattle-based fintech start-up operates a cloud-based electronic whole-loan trading platform. “And Over the same period in 2022, KBRA tracked a total of 31 PLS deals valued at $16.7.

Marketing 314

Marketing Finance Mortgage Lending 314

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Unless you have bank accounts with a massive cash reserve, you’ll need to find a way to finance your development projects. Networking with potential investors will help you establish valuable relationships. To ensure that all parties are in agreement, you should compose contracts for all contractors and clients you do business with.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Housing Wire

APRIL 9, 2021

” In essence, the program allows WRRE’s sell-side clients to compete with cash-buyers, iBuyers and investors for the little inventory that’s out there when they’re ready to buy. WRRE has offers under contract plus more in the pipeline. . “And then we have our agent commission.”

Brokerage 402

Brokerage Real Estate Clients Insurance 402

The Robert Weiler Company

AUGUST 30, 2023

For commercial real estate investors, it may seem like a no-brainer. By March, you’ve already closed out another year of property investments and finances, and it is time to start fresh. Once you’re past tax season, you’ll have a better understanding of your finances, too. Get ahead of the curve!

Real Estate 78

Real Estate Investors Brokerage Property Management 78

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Real estate investors also prefer homes that require repairs because they can renovate the property themselves and flip it afterward. I hope you find her article to be helpful!

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

JANUARY 27, 2022

You just need to find a particular investor that agrees with that and is willing to pay a little bit extra,” Landy said. “So, The cash window works well for lenders who have not set up the backroom operations to deal with swap transactions and the sale of those securities to investors. You have to get a different kind of contract.

Mortgage 335

Mortgage Investors Finance Contracts 335

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. “Our By doing so, you are adding value to their marketing efforts and getting them a contract even if you don’t write a loan on that home,” Clark said.

Loan Officers 386

Loan Officers Mortgage Buyers Inventory 386

Listing Spark

DECEMBER 15, 2022

Investing in owner financing can be a great way to build wealth and generate passive income. Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. How owner financing typically works. Key takeaways.

Finance 36

Finance Investing Real Estate Lending 36

The Robert Weiler Company

SEPTEMBER 9, 2022

Land investors choose land to buy in Ohio for many reasons. Research Land Buying Financing Options. If you need to finance your land purchase with a loan, have a financing plan ready, before submitting an offer. Hiring a real estate lawyer to review all contracts first is best. Does Land Appreciate in Value?

Real Estate 78

Real Estate Buyers Contracts Development 78

Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

Mortgage 380

Mortgage Investors Clients Marketing 380