Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. The annual investment volume in the U.S.

Finance 404

Finance Investing Real Estate Agent Real Estate 404

Housing Wire

DECEMBER 21, 2023

Our investigation uncovered that Colony Ridge is baiting borrowers with lies, saddling families with predatory loans for homesites that the company knows have repeatedly flooded with raw sewage and lacked basic utility infrastructure,” CFPB Director Rohit Chopra said in a statement. About one in four loans ended up in foreclosure, it says.

Lending 417

Lending Development Investing Business 417

Housing Wire

NOVEMBER 21, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency mortgages for non-owner-occupied homes. 20, brokers will see a credit of 25 basis points for non-owner-occupied agency loans. billion in the previous quarter.

Finance 382

Finance Investing Clients Mortgage 382

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. The borrower is not required to repay the loan via monthly installments. are some of the partners who help Hometap fund its home equity investments.

Investing 311

Investing Renovations Tools Real Estate 311

Housing Wire

DECEMBER 21, 2021

The major driver of private-label issuance this year has been the jumbo-loan market. RMBS offerings backed by jumbo loans are projected to reach the $60 billion level for 2021, according to estimates by Redwood Trust , a sponsor of multiple private-label offerings through its Sequoia securitization program.

Marketing 372

Marketing Investing Investors Real Estate 372

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. ” The deal with MAXEX expands access to a broad range of non-agency and agency-eligible mortgage loan programs.

Investing 333

Investing Investors Design Mortgage 333

Housing Wire

APRIL 1, 2024

The practice of right-to-list agreements preys upon homeowners by offering small lump sums of cash in exchange for decades-long contracts for the exclusive rights to sell the property. For a homeowner in need of extra cash, somewhere between $300 to $5,000, a company will give them the cash they need without a loan.

Contracts 392

Contracts Law Real Estate Government 392

Mashvisor

DECEMBER 17, 2022

Amid increased mortgage rates, finding the best loans for investment property is crucial for the success of a real estate business in 2023. How you finance the purchase of a…

Investing 36

Investing Real Estate Finance Business 36

Housing Wire

DECEMBER 13, 2023

mortgage lender United Wholesale Mortgage (UWM) is offering discounted rates on some government loans until January for brokers to create their own “refi boom,” the company announced on Wednesday. FHA rates were at 6.759% and rates for jumbo loans were even higher, at 7.333%.

Government 397

Government Mortgage Clients Investing 397

Housing Wire

MARCH 1, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Investors 367

Investors Real Estate Technology Housing Market 367

Mashvisor

JUNE 27, 2021

Are you looking to make a real estate investment but are worried that you have little or no money to invest? Then investment property loans are your best option. While…

Investing 46

Investing Real Estate Finance Investors 46

Housing Wire

AUGUST 23, 2023

The Board fined Regions “for its failure to effectively monitor a portfolio of home equity loans for compliance with flood insurance regulations due to changes in loan servicing platforms and third-party service providers,” noting that the bank had a pattern of individual violations of flood insurance regulations.

Insurance 332

Insurance Investing Development 332

Housing Wire

JANUARY 11, 2024

Radian Group announced a strategic investment in FinLocker that will closely connect the technology between Radian’s Homegenius platform and FinLocker’s financial fitness and homeownership platform. Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions.

Investing 423

Investing Loan Officers Technology Inventory 423

Housing Wire

NOVEMBER 30, 2023

It’s difficult for lenders who don’t have a lot of extra cash to invest in making big changes right now — they need to stay focused on running their business in a smart way. So now we have multiple risk-based options: waivers, waiver plus property data, desktop appraisals, hybrid.

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Modernization Appraisal Valuation Investing 424

Housing Wire

JANUARY 4, 2022

In total, UWM, through its conduit UWM Mortgage Trust, sponsored seven securitization deals last year involving nearly 9,500 loans valued in total at $3.9 In 2021, two of its seven private-label issuances involved jumbo loans with a combined value of $1.2 That’s a strong start for a new issuer. “A

Marketing 331

Marketing Investing Mortgage Real Estate 331

Housing Wire

FEBRUARY 28, 2024

Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. Our DSCR loan for real estate investors qualifies on the rental cash flow of the subject property.

Mortgage 374

Mortgage Investors Real Estate Business 374

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. To the extent that you can get loans off your balance sheet faster, it lowers your financing costs.

Clients 394

Clients Investing Real Estate Agent Mortgage 394

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Any kind of extra help that our borrowers could obtain to lower their investment would be a welcome change.

Real Estate Agent 367

Real Estate Agent Development Real Estate Law 367

Housing Wire

JANUARY 30, 2024

Borrowers can qualify for this loan with owner-occupied homes, second homes or investment properties. billion in non-QM loans since the company’s inception in 2013, according to its release. Angel Oak’s HELOC product launch comes amid the still high equity levels across the country. Angel Oak has originated $9.4

Mortgage 430

Mortgage Investing Marketing 430

Housing Wire

APRIL 19, 2021

Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay.

Landlords 381

Landlords Investing Tenants Construction 381

Housing Wire

JANUARY 24, 2024

Lower interest rates will not only improve the market for buyers, but it will also encourage more refinancing, particularly for recent homebuyers who stretched their budgets on higher rate loans. Title insurance is a comprehensively regulated insurance product that has been trusted to protect property rights for over a century.

Insurance 435

Insurance Sellers Buyers Housing Market 435

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings.

Investing 346

Investing Real Estate Lending Brokerage 346

Housing Wire

NOVEMBER 15, 2022

There will always be a population of borrowers who cannot qualify for a home loan under traditional guidelines. Originators who actively work within the non-QM space are closing additional loans every month. The solution: Bank Statement loans. . Angel Oak’s Bank Statement loan is ideal for the self-employed.

Investors 372

Investors Real Estate Clients Investing 372

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s an open platform.

Mortgage 445

Mortgage Technology Investing Investors 445

Housing Wire

OCTOBER 11, 2023

flooding or wildfires) in a loan portfolio to address potential problems. For example, if a property is exposed to high climate risk, its market value may decline. This may give investors pause as to whether a particular real estate investment is a sound one. These studies help locate a concentration of risk (i.e.

Real Estate 423

Real Estate Insurance Investors Law 423

Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 443

Finance Real Estate Agent Real Estate Insurance 443

Housing Wire

OCTOBER 5, 2023

The implementation of more careful loan screening procedures has contributed to lower levels of risk for mortgage fraud. The industry continues to have a very high share of purchases compared to refinances, likely driven by rising interest rates,” Bridget Berg, senior leader for loan solutions at CoreLogic said in the report.

Mortgage 330

Mortgage Real Estate Investors Clients 330

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Investing 372

Investing Investors Development Mortgage 372

Housing Wire

SEPTEMBER 21, 2023

ICE) and investment research firm Delta Terra Capital announced a partnership to offer climate-adjusted credit risk analytics for residential and commercial mortgage-backed securities (MBS). Our climate risk data can help inform investment decisions of U.S. Intercontinental Exchange, Inc.

Investors 231

Investors Investing Finance Insurance 231

Housing Wire

JANUARY 6, 2023

The first, and more traditional source, is organic growth through new loan originations. The second method, which has become increasingly more common, is growth through either loan portfolios or company acquisitions. What risks are incurred through the acquisition of a loan portfolio?

Property Taxes 392

Property Taxes Clients Buyers Government 392

Housing Wire

SEPTEMBER 7, 2022

. “With our crypto refinance, they can benefit from having access to their home equity when attractive investment opportunities come up.” It’s possible to borrow up to $5 million for investment properties in the refi product, according to the company’s website. .

Mortgage 425

Mortgage Loan Conditions Finance Investing 425

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Technology 455

Technology Landlords Valuation Lending 455

Housing Wire

JULY 25, 2023

America’s fix-and-flip short-term property market is estimated to be worth as much as $68 billion a year, according to F2 Finance. F2 Finance – which launched in April – is the first venture introduced by a fintech investment firm Faes & Co – founded by Faes in 2023.

Finance 348

Finance Marketing Lending Inventory 348

Housing Wire

DECEMBER 1, 2023

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan.

Finance 416

Finance Buyers Mortgage Inventory 416

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. When the home sells or the homeowner settles the investment within the 10-year period. Based on the notion that far too many U.S.

Investing 346

Investing Real Estate Agent Marketing Real Estate 346

Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. NYCB’s provisions for loan losses surged to $552 million in Q4 2023, up from $62 million in the previous quarter.

Mortgage 388

Mortgage Marketing Investors Real Estate 388

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. More people are diversifying their income streams and opting to work for themselves or through real estate investments.

Lending 380

Lending Investing Loan Officers Design 380