Housing Wire

FEBRUARY 4, 2021

Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said. The investors dropped their takeover bid on Nov.

Legal 429

Legal Investors Lending Finance 429

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. This approach has advantages: it’s simple, observable and verifiable.

Government 242

Government Mortgage Finance Legal 242

Housing Wire

APRIL 22, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. ” In 2021, Blend processed more than 1.8

Mortgage 378

Mortgage Marketing Human Resources Clients 378

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. FundingShield also noted that data showed a concentration of higher fraud risk factors in states that are “attorney only,” meaning that the handling of title and settlement work is considered a legal product. of transactions.

Insurance 436

Insurance Agents Tools Legal 436

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

Brokerage 393

Brokerage Real Estate Lending Mortgage 393

Housing Wire

NOVEMBER 7, 2022

Executives at the mortgage lender announced their decision in a letter sent on Wednesday to business partners and employees, which was reviewed by HousingWire. According to the document, Athas is winding down, effective immediately, but will honor loans in its pipeline that it’s legally obligated to fund. and Sprout Mortgage.

Lending 422

Lending Investors Business Mortgage 422

Housing Wire

NOVEMBER 17, 2023

The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. The transaction also created legal battles with Sculptor’s shareholders and founders, including Daniel S. Och, but the parties settled the cases in court.

Real Estate 388

Real Estate Investors Investing Legal 388

Housing Wire

MARCH 3, 2022

As all participants in the mortgage industry know, securitization is a critical tool for making loans to homeowners at affordable rates. The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt. This legal construct is critical.

Investors 320

Investors Legal Architecture Investing 320

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

Loan Officers 352

Loan Officers Mortgage Finance Lending 352

Housing Wire

NOVEMBER 2, 2023

Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022. Mortgage tech platform Modex shows that Strauss, the only mortgage loan officer at Smart Rate, originated $5.56

Business 417

Business Loan Officers Law Mortgage 417

Housing Wire

SEPTEMBER 27, 2022

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps.

Government 507

Government Investors Law Finance 507

Housing Wire

JUNE 21, 2022

announced on Friday that it has decided to internalize the company’s management, a step that the real estate investment trust estimates will reduce its costs and potentially attract more institutional investors to its stock. New Residential Investment Corp.

Investing 356

Investing Real Estate Investors Legal 356

Housing Wire

JULY 14, 2021

A shareholder sued Rocket Mortgage , the Detroit-based mortgage behemoth, for allegedly making misleading disclosures to conceal adverse market conditions. How the mortgage industry can overcome hiring challenges. Those trends led to a significant decline in margins for many mortgage lenders, including Rocket.

Law 450

Law Investors Mortgage Legal 450

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. Streamline by combining services.

Renovations 502

Renovations Development Investors Legal 502

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. According to Kris Kully, an attorney at Mayer Brown , the notice will affect mortgage lenders because many of the underwriting systems lenders use to measure default risk contain proprietary algorithms, or “black-box models.”

Law 413

Law Legal Valuation Government 413

Housing Wire

APRIL 19, 2021

Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. That’s $14.7 million of total funding to-date for Knox.

Landlords 379

Landlords Investing Tenants Construction 379

Housing Wire

FEBRUARY 7, 2023

.” Still, he firmly believes it is important to seek out fresh perspectives amid the recent rise in mortgage rates. 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

Real Estate 320

Real Estate Legal Contracts Mortgage 320

Housing Wire

DECEMBER 10, 2021

One week after laying off 900 employees via Zoom and courting a mountain of bad press, Better.com ’s founder and CEO Vishal Garg is taking leave “effectively immediately,” according to an internal memo sent to employees of the digital mortgage lender on Monday. He apologized to employees this week, but the fallout continued.

Legal 404

Legal Valuation Investors Mortgage 404

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

Marketing 369

Marketing Mortgage Investors Legal 369

BiggerPockets

SEPTEMBER 23, 2023

Want to know how assumable mortgages work for investors? We'll explain the benefits, steps, and legal considerations for assuming a mortgage.

Legal 73

Legal Mortgage Investors Finance 73

Padove Appraisal Service

FEBRUARY 24, 2023

Financing: If you are financing your purchase or refinancing your existing mortgage, your lender may require an appraisal to ensure that the property’s value is sufficient to secure the loan. Investment analysis: Real estate investors may use appraisals to evaluate the potential return on investment for a property.

Appraisal 148

Appraisal Property Taxes Insurance Market Value 148

Housing Wire

DECEMBER 11, 2020

Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce. Private equity-backed mortgage originator Interfirst Mortgage Company hired Bryan Filkey as its new chief strategy officer. Have a hiring announcement you want to share?

Lending 335

Lending Legal Clients Development 335

Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?”

Agents 357

Agents Real Estate Contracts Real Estate Agent 357

Housing Wire

NOVEMBER 1, 2023

Zillow’s financial results Despite a slower residential housing market environment caused by rising mortgage rates and low housing inventory, Zillow Group still managed to record an annual increase in revenue in the third quarter of 2023. Despite the verdict, it does not appear that Zillow’s legal battle with REX is over.

Real Estate 438

Real Estate Advertising Agents Realtors 438

Housing Wire

MAY 13, 2022

If Hochul signs the bill as-is, the statute of limitations for a lender to start a foreclosure action will be reverted to six years , as was the case prior to the Court of Appeals’ 2021 decision in Freedom Mortgage Corporation vs. Engel. In March, the assembly version of the bill passed 107-40.

Law 286

Law Legal Investors Government 286

Housing Wire

FEBRUARY 27, 2024

Despite these legal advancements, Black Americans still face challenges in achieving homeownership at rates comparable to other demographics. When they are ready to finance a new home, Black applicants are more likely to face tighter credit standards compared to other demographics with similar financial profiles. But it wasn’t enough.

Real Estate 409

Real Estate Investors Business Lending 409

Housing Wire

MAY 27, 2022

This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner. Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation.

Modernization 352

Modernization Legal Contracts Mortgage 352

Housing Wire

SEPTEMBER 5, 2023

It’s now easily the biggest player in the mortgage tech space. mortgage ecosystem to help improve the homeownership experience for millions of American families.” “The aggregate implied value of the Merger Consideration payable to the former holders of Black Knight Common Stock pursuant to the Merger was approximately $11.9

Technology 336

Technology Business Mortgage Valuation 336

Housing Wire

OCTOBER 12, 2020

Under the CARES Act, homeowners have been able to ask for forbearance from their mortgage servicers and suspend payments for up to 12 months. Though numbers have declined since hitting a peak earlier this year, the Mortgage Bankers Association estimates there are still at least 3.4 million homeowners in forbearance plans.

Legal 401

Legal Training Law Insurance 401

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. Servicers, lenders and investors dealt with a tsunami of 7.7

Law 356

Law Mortgage Legal Finance 356

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Consumer loans such as mortgages and other financial documents require notarization.

Business 466

Business Law Real Estate Investors 466

The Robert Weiler Company

JANUARY 2, 2021

Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. The basic foundation behind a land contract in Ohio is similar to financing a new car, with some key differences.

Contracts 143

Contracts Tenants Legal Sellers 143

Cleveland Appraisal Blog

AUGUST 25, 2022

Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. You may also have to prove that you have enough income to cover the mortgage on all properties that you own.

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

AUGUST 10, 2023

The class action was filed on behalf of investors who purchased loanDepot’s class A common stock in connection with the company’s initial public offering on February 16, 2021. It also includes investors who acquired company stock between March 16, 2021 and September 22, 2021. loanDepot stock was trading at $2.14

Investors 355

Investors Investing Marketing Legal 355

Eppraisal

JULY 21, 2023

However, with the constantly shifting dynamics of the housing market and the advent of alternative financing options, it begs the question: Is rent-to-own still a thing in real estate? Rent-to-own contracts involve intricate legal and financial considerations, which can vary significantly from one region to another.

Real Estate 36

Real Estate Sellers Investors Finance 36

Housing Wire

APRIL 5, 2022

But what does virtual real estate mean for real-world mortgage professionals? There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Is there demand for “mortgages” to buy virtual real estate in the Metaverse?

Real Estate 527

Real Estate Mortgage Property Taxes Law 527

Housing Wire

FEBRUARY 9, 2021

Presented by: Motto Mortgage. All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. Trying to innovate using an end-around will likely not only fail in the long run, but it may also land you in legal hot water. Know your customer in order to deliver real value.

Real Estate 464

Real Estate Agents Technology Sellers 464