Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 366

Business Investors Finance Home Improvement 366

Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . With non-QM, the scenarios are just everywhere, and it requires an expertise and a skill set that takes years to learn.

Lending 315

Lending Technology Government Investors 315

Housing Wire

MAY 21, 2024

This increased demand is resulting in tighter credit spreads for private label, non-QM RMBS securitizations; increased prices for a broad range of mortgage loans including seconds, home equity agreements, bridge loans, and alternative documentation loans; and strategic transactions between investors and originators.

Insurance 410

Insurance Mortgage Investors Finance 410

Housing Wire

MARCH 14, 2023

has promoted Jennifer George to vice president of investor relations and credit policy, the company said in a statement issued Tuesday. At Waterstone Mortgage, George “re-engineered” the lender’s credit policy strategy and oversaw the addition of manual underwriting for the lender’s government products, according to the press release.

Investors 277

Investors Development Mortgage Government 277

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. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

Brokerage 391

Brokerage Real Estate Lending Mortgage 391

Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. Right now, we have 200 different investors.”

Loan Officers 382

Loan Officers Mortgage Retail Lending 382

Housing Wire

JANUARY 24, 2024

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement.

Investors 391

Investors Lending Finance Design 391

Housing Wire

APRIL 28, 2022

If you were to take an inventory of deals which came out, a majority of the deals have been investor [investment property] … deals, and the prime jumbo deals have been very far and few in between.”. We are starting to see some indication of a resurgence in investor-loan issuance backed by agency-eligible loans,” the MAXEX report states.

Investors 287

Investors Marketing Investing Inventory 287

Housing Wire

APRIL 23, 2024

Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. Retirement investors are best protected by a uniform and protective framework.”

Investing 328

Investing Investors Design Government 328

Housing Wire

FEBRUARY 21, 2023

Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. “[Those assets] will continue to be sold or otherwise paid in full or liquidated in the ordinary course of business,” the company said in the filing.

Business 298

Business Lending Finance Real Estate 298

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. AFR offers agency, nonagency and government lending products. The financials of the deal were not disclosed.

Lending 324

Lending Renovations Construction Finance 324

Housing Wire

MARCH 29, 2022

To minimize the pain, legacy loan manufacturing processes typically collect only as many months of asset statements as are required by investors — often just two months for conventional and government loans. The post Deeper asset history unlocks new lending opportunities appeared first on HousingWire.

Lending 296

Lending Modernization Construction Government 296

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This helps attract ongoing investment capital into the housing sector.

Technology 371

Technology Mortgage Investors Lending 371

Housing Wire

SEPTEMBER 29, 2020

They are specialists when it comes to buying and servicing government loans. Unlike most investors, TMS offers co-branding, so that even after you’ve sold them your loan, your brand will remain top-of-mind for customers. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire.

Lending 393

Lending Loan Officers Business Investors 393

Housing Wire

AUGUST 16, 2022

theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. 335), Trius Lending Partners (no. 335), Trius Lending Partners (no. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip.

Mortgage 363

Mortgage Lending Investors Brokerage 363

Housing Wire

APRIL 5, 2022

There is no public guidance from state or federal regulators at the time of this writing as to whether mortgages for virtual real estate are governed by traditional laws and regulations that govern traditional mortgages. Lending is lending. Section E: Yay, no government fees… for now!

Real Estate 527

Real Estate Mortgage Property Taxes Law 527

Housing Wire

JANUARY 9, 2024

CCM claims it is “the first mortgage lender to commit to issuing MBS exclusively based on FICO Score 10 T,” a step for investors at the $12 trillion MBS global market “to familiarize themselves with the new score and realize the promised performance improvement.”

Investors 402

Investors Mortgage Finance Government 402

Housing Wire

AUGUST 26, 2021

The most salient Ginnie Mae responsibility is managing the government guarantee of mortgage-backed securities (MBS) that lenders issue to fund their origination of Federal Housing Administration (FHA), Veteran Affairs (VA), and Rural Development insured mortgages.

Government 402

Government Lending Investors Finance 402

Housing Wire

SEPTEMBER 29, 2022

Non-QM loans aren’t government-backed and aren’t eligible for purchase by Freddie Mac or Fannie Mae. With inflation and rising rates, non-QM lending has spent the last few months in choppy waters, with some lenders closing their doors. Presented by: Acra Lending. How will non-QM perform for the rest of 2022?

Mortgage 354

Mortgage Lending Investors Government 354

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, They’re not doing the lending that they were, and I think that is a tailwind for us. billion, up from $2.1

Business 314

Business Lending Investors Finance 314

Housing Wire

SEPTEMBER 11, 2020

The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president. The Jumbo MCAI measuring high-balance loans fell 8.9%, and the Conventional MCAI that measures loans not backed by the government fell 8.7%.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

OCTOBER 2, 2020

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. Nonbanks are intermediaries that originate loans to the terms of the ultimate investor. These investors included the GSEs, the Ginnie Mae programs, larger bank portfolios, and Wall Street firms.

Government 518

Government Investors Lending Mortgage 518

Housing Wire

FEBRUARY 28, 2024

Tom Davis: The main issue with fall-out scenarios is that the government-sponsored enterprises ( GSEs ) have a tighter box with underwriting standards. Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. DSCR loans are always a popular option.

Mortgage 340

Mortgage Investors Real Estate Business 340

Housing Wire

SEPTEMBER 13, 2023

CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The data can also be accessed via an API, in bulk data, or through a dynamic web application.

Tools 362

Tools Valuation Inspection Investors 362

Housing Wire

JULY 19, 2023

She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts. In the wholesale channel, the Ohio lender is predominantly construction-oriented — filling the niche with mortgage brokers who are trying to provide construction lending solutions.

Mortgage 342

Mortgage Marketing Retail Construction 342

Housing Wire

APRIL 8, 2022

In June 2021, the Supreme Court of the United States ruled that President Joe Biden had the authority to oust the head of the Federal Housing Finance Agency (or FHFA), which oversees the government-sponsored enterprises (or GSEs) Fannie Mae and Freddie Mac. So far, it appears the Biden administration understands this. If the U.S.

Government 488

Government Lending Finance Housing Market 488

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 412

Mortgage Clients Lending Investors 412

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 335

Mortgage Retail Loan Officers Lending 335

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. The problem is we’re not backed by the government sponsored enterprises (GSEs). ” Kiavi has more than 300 employees, according to the firm’s website. “We

Human Resources 368

Human Resources Construction Legal Investors 368

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 328

Mortgage Marketing Investors Lending 328

Housing Wire

SEPTEMBER 12, 2023

During this crisis, many savings and loans failed, and the federal government stepped in to bail out the industry. This left a void in the mortgage lending market, which was filled by IMBs. Instead, they were filling a need for other investors who still had liquidity. Some are still doing this today and doing quite well.

Mortgage 355

Mortgage Investors Business Lending 355

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. We had a great discussion!

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

JUNE 1, 2023

debt limit until January 2025 and cap government spending. Officials want to assess more economic and bank lending data and may hike rates later this summer, as the Wall Street Journal reported. On the fiscal side, President Joe Biden and House Speaker Kevin McCarthy struck a deal on Saturday to suspend the $31.4 trillion U.S.

Mortgage 355

Mortgage Government Housing Market Marketing 355

Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it.

Lending 351

Lending Government Law Mortgage 351

Housing Wire

OCTOBER 16, 2023

At a time when you desperately need stability, your own government is sowing the seeds of profound instability. The MBA, alongside several other trade groups, sent a letter to lawmakers and monetary policymakers that the government can do much more to help the housing industry while still fighting inflation. And we’re playing offense.”

Government 364

Government Mortgage Lending Finance 364

Housing Wire

APRIL 5, 2024

As ever, redlining — the intentional, systematic effort by American banks and government to refuse mortgages to African Americans and segregate U.S. racial, religious, or gender minority) at a greater rate, that policy may constitute lending discrimination. cities — looms in the background. But the results tell a different story.

Mortgage 325

Mortgage Lending Buyers Property Management 325

Housing Wire

NOVEMBER 10, 2022

.” Angel Oak’s companies specialize in non-qualified mortgage (non-QM) loans, which aren’t government-backed and ineligible for purchase by Freddie Mac or Fannie Mae. As rates rise, lenders are struggling to sell in the secondary market as investors are seeking higher yields.

Retail 298

Retail Loan Officers Investors Lending 298