Housing Wire

OCTOBER 12, 2021

Redwood Trust CEO Christopher Abate laid out a bold vision of growth for the real estate investment trust at an investor conference in New York City last month. That is done via what is called a home-equity investment contract, or an HEI. This content is exclusively for HW+ members.

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Contracts Marketing Investing Real Estate 383

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. To date, LoanSnap has attracted about $53 million in venture capital investment.

Mortgage 446

Mortgage Technology Investing Investors 446

Housing Wire

OCTOBER 21, 2022

“The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because of fewer opportunities to refinance a loan,” said Eric Friedman, managing director of Servicing at Acra Lending. “At And at the same time, operating within the contracts that we have with each of our private investors.”.

Mortgage 369

Mortgage Investors Lending Property Taxes 369

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. Meanwhile, investors are taking steps to acquire the business. ban of the short-form video app. million ‘likes’ on TikTok. The bill is now in the Senate, where the outcome is unknown.

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Loan Officers Tools Business Clients 422

Housing Wire

DECEMBER 2, 2020

billion of it coming through its forward-lending arm. “Our platform was purpose-built to create a business that could better withstand the cyclicality of most consumer lending businesses,” CEO Mary Cook said on an earnings call. The company funded $9.17 billion in the third quarter, with about $8.5

Finance 242

Finance Lending Retail Business 242

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. Regarding EPM’s strategy in the wholesale space, Kevin DeLory, chief lending officer, said it is not chasing borrowers with specific credit scores or being aggressive in pricing.

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Retail Loan Officers Landlords Lending 370

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 426

Marketing Mortgage Investors Sellers 426

Housing Wire

SEPTEMBER 20, 2022

” According to Tullos, the company made an arrangement to work on a contract basis with some of the employees that were laid off. Lenders struggled to sell in the secondary market legacy lower-rate loans as investors were seeking higher yields, causing the implosion of non-QM lenders First Guaranty Mortgage Corp.

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Marketing Investors Retail Mortgage 370

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. ”

Mortgage 370

Mortgage Clients Retail Marketing 370

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. Another reason why distressed sales are likely low, is that lending standards remain tight. In comparison, in 2011, homes took 96 days to sell. .

Realtors 395

Realtors Housing Market Marketing Buyers 395

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. Where can you find good sources of lending.

Finance 36

Finance Investing Real Estate Lending 36

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. We’re actively engaged in doing so.

Marketing 383

Marketing Contracts Technology Mortgage 383

Housing Wire

MARCH 5, 2021

“UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. He also said that the company’s investors (after its public debut in January) understood the value of UWM’s long experience in the mortgage industry. ’ I always say, ‘What got us here will get us there.'”

Investors 395

Investors Real Estate Agent Loan Officers Technology 395

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire. I thought it was sparse.

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Lending Real Estate Agent Loan Officers Retail 395

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

Mortgage 383

Mortgage Retail Finance Investors 383

Housing Wire

FEBRUARY 22, 2023

Those non-QM offerings include 13 securitizations involving a mix of owner-occupied and investment properties, plus two deals involving a mix of performing and nonperforming loan collateral. A review of available bond-rating reports shows that a total of 15 non-QM PLS deals were in the works as of Feb.

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Marketing Finance Mortgage Lending 368

Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.”

Technology 374

Technology Lending Investing Contracts 374

Housing Wire

AUGUST 23, 2023

Secondly, we are going to continue to invest in our technology and drive products, like One Day Mortgage, that are innovative and groundbreaking and drive the adoption of those products across the industry. SoftBank] will be a significant shareholder—no seats on the board.

Realtors 370

Realtors Technology Insurance Mortgage 370

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Miller said that real estate investors should stop trying to perfectly time the market (both with rate and supply vs. demand).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JUNE 2, 2022

“This structure is built on nodes, and it’s completely decentralized,” explained Michael Carpentier, CEO and co-founder of Vesta Equity , which is working to create a marketplace for tokenized home-equity investments using blockchain. “It’s It’s very hard to hack a blockchain.”. You don’t need it.”.

Technology 395

Technology Investing Investors Mortgage 395

Housing Wire

MARCH 23, 2023

In the mortgage space, warehouse lending is a very lucrative business for the banks, so in general they’ll want to keep warehousing lending, maybe over other types of lending,” said Brian Hale, founder and CEO of consulting firm Mortgage Advisory Partners. At the heart of the still-unfolding banking crisis is some $ 620.4

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Lending Investing Insurance Mortgage 417

Appraisal Today

DECEMBER 8, 2023

The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. Investor purchases of U.S. ”… Question 2: does the lending industry owe the appraiser a living? homes dropped 29.7% percent from 7.37

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Appraisal Real Estate Contracts Design 67

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There  There are a number of different options regarding getting the money necessary to acquire the property on which to build a house.

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Development Finance Sellers Home Value 36

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Mortgage lender Planet Home Lending has a new team in Portland, Oregon, where it will focus on borrowers looking to work with homebuilders.

Mortgage 383

Mortgage Construction Lending Real Estate 383

Housing Wire

APRIL 22, 2022

For the sector of the mortgage market engaged in non-QM lending, the volatile rate environment is a particular challenge. Some non-QM lenders have parent companies in the private equity space or have affiliates organized as real estate investment trust, and some even have affiliated real estate mortgage investment conduits (REMICs).

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Lending Mortgage Investors Marketing 395

Appraisal Today

APRIL 14, 2023

The terms “entrepreneurial incentive” and “entrepreneurial profit” are typically discussed in terms of investment property, but the principles involved can also be applied to the many fixer-uppers—whether the buyer is a “purely investor type” or an “owner occupied investor type.” percent from 6.40 percent from 6.36

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Appraisal Bracketing Contracts Valuation 52

Housing Wire

NOVEMBER 17, 2022

HousingWire recently spoke with John Keratsis, president and CEO of Deephaven Mortgage, about what lenders should be doing to capitalize on the boom in non-QM lending and why our preconceived notions about non-QM could be all wrong. Another reason to get into non-QM lending at this very moment is diversification.

Lending 367

Lending Investors Real Estate Agent Loan Officers 367

Listing Spark

JANUARY 22, 2024

In the first quarter of 2023 alone, real estate investors flipped 72,960 homes. In the real estate investment market overall, activity remains high and profitable—even reaching measurably above pre-pandemic levels. For both new and experienced real estate investors, this bodes well for the 2024 market.

Real Estate 36

Real Estate Tools Investors Investing 36

Patch of Land

OCTOBER 16, 2018

return on investment. The question is: how should this affect your expectations as a house flipping investor? It would be impossible, of course, to state definitively what a potential cooling-off period in the housing market will mean for the average return on a house flipping investment.

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Investing Inventory Housing Market Contracts 45

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Investors can place their confidence in a licensed commercial real estate appraiser, especially one who is reputable and familiar with the local market.

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Real Estate Appraisal Property Appraisal Valuation 60

PennyMac

JUNE 28, 2022

Renting puts money into a landlord’s pocket, but owning a home helps you increase the value of your investment over time. Some borrowers, like investors, commonly take out the maximum amount of funds and pay it off several times over. As such, you can only draw from a pre-approved amount that is stipulated in your contract.

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Home Improvement Contracts Renovations Mortgage 36

Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? The bubble burst last time because we had crazy lending. How to vet real estate agents as a seller. It was crazy.

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Housing Market Real Estate Marketing Buyers 36

McKissock

MARCH 15, 2022

Traditional buyers are replaced by new ones (investors). When traditional buyers are replaced by new buyers who are starting to invest in real estate, this is an indication of a possible bubble. Use of creative financing such as seller contracts. Number of persons employed in the real estate sector declines.

Real Estate 88

Real Estate Finance Sellers Real Estate Agent 88

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. Bridge’s portfolio also includes investments in office and multifamily properties.

Renovations 363

Renovations Investing Real Estate Marketing 363

Appraisal Today

APRIL 12, 2024

Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values. But if for lending, it might be rejected on review by GSE computers or humans. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.80

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Appraisal Construction Contracts Architecture 78

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

Appraisal 52

Appraisal Architecture Business Contracts 52

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78