Housing Wire

MARCH 7, 2024

Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. My guess is we’ll do 10 or 11 deals this year in the $5.5

Investor 448

Investor As-is Commercial Equity 448

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

Inspection 459

Inspection Closing Closing costs Title search 459

Housing Wire

FEBRUARY 10, 2023

Mr. Cooper expects the deal to close mid-year following regulatory approval, but the plan is to go to market in the second half of 2023. Its investments started with the most credit-sensitive residential market segments and have evolved to all U.S. residential markets over the last decade.

Closing 370

Closing Investor Residential Loans 370

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. percent (10.6

Construction 510

Construction Residential Sales Mortgages 510

Housing Wire

MAY 10, 2023

The data also suggests that the economy is close to peak rent inflation—lower monthly rent prices have been recorded for two consecutive months, and the price growth for new leases is still decelerating. Overall, consumer prices cooled further in April, with the CPI rising 4.9% compared to a year prior. month over month, thanks to a 0.6%

Closing 397

Closing MLS Residential Construction 397

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 Mortgaged properties account for 62% of all residential homes in the U.S., trillion in equity over the past year, according to a CoreLogic report released Friday. The average U.S. trillion gain in U.S.

Equity 518

Equity Residential Mortgages Closing 518

Housing Wire

AUGUST 6, 2020

. “We are excited to be joining the Intercontinental Exchange family and having the opportunity to work closely with Simplifile and MERS in helping our industry to realize the true digital mortgage,” said Jonathan Corr, president and CEO of Ellie Mae. “We residential mortgage industry.”. Based in Pleasanton, Calif.,

Residential 533

Residential Equity Mortgages Industrial 533

Housing Wire

JANUARY 17, 2025

How do we get a loan from I want a house to its closed and done before they walk away? The real estate company handles the entire lifecycle of the loan process, from processing and underwriting to closing and servicing. Most companies think from the primary lens. How does SitusAMC expand primary market origination?

Marketing 362

Marketing Residential Commercial Loans 362

Housing Wire

SEPTEMBER 24, 2024

Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. He will report to John Beacham , CEO of Roemanu and Toorak.

Residential 433

Residential Commercial Finance Loans 433

Housing Wire

NOVEMBER 15, 2024

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

MAY 23, 2024

The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first. As you can see in the chart below, residential construction workers aren’t losing their jobs yet. While that was happening, we also had 5-unit permits expand as well.

Sales 497

Sales Marketing Construction Residential 497

Housing Wire

FEBRUARY 9, 2024

In an attempt to reach residential listing portal supremacy, CoStar Group (the parent company of Apartments.com and Homes.com ) will air four advertisements during this Sunday’s broadcast of Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs. The portal wars are heating up.

Commercial 476

Commercial Marketing Residential Branding 476

Housing Wire

DECEMBER 9, 2020

HW Media, publisher of HousingWire, FinLedger, and producer of Engage Events, today announced it has closed on the strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms. HW Media currently publishes HousingWire and FinLedger.

Branding 539

Branding Residential Brokerage Industrial 539

Housing Wire

APRIL 25, 2024

Claire boasts a conversational interface to guide users through every step of the homebuying journey, from property search to deal closing. The tool helps match buyers with the ideal property while providing insights into market trends and property values.

Agents 447

Agents Residential Technology Industrial 447

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. Market conditions have certainly trended downward for residential or commercial real estate. And why not? CRE firms are also suffering through the highest interest rates seen in years.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. . Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. A digital U.S.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

SEPTEMBER 5, 2024

RealTrends Verified has been tracking key measurements in the residential real estate industry since 1987. The RealTrends Verified 500 is our annual ranking of the nation’s largest residential brokerage firms ranked by both closed transaction sides and closed sales volume.

Brokerage 434

Brokerage Residential Closing Agents 434

Housing Wire

AUGUST 15, 2024

In a call with analysts, UBS chief financial officer Todd Tuckner said the deal, expected to close in the first quarter of 2025, benefits the bank by reducing $250 million in annualized costs and lowering risk-weighted assets by $1.3 Investment firm Davidson Kempner Capital Management is a co-investor. Wells Fargo is one example.

Investor 476

Investor Mortgages Banks Principal 476

Housing Wire

JULY 1, 2024

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. Chicago-based @properties is the nation’s eighth-largest brokerage firm by closed sales volume, according to 2023 data from the RealTrends Verified rankings.

Brokerage 448

Brokerage Residential Branding Mortgages 448

Housing Wire

JANUARY 2, 2025

The MBA’s weekly applications survey includes closed-end residential mortgage applications originated through retail and consumer-direct channels. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays. Mortgage demand declined 21.9% 27, the MBA reported.

FHA loan 468

FHA loan Mortgages VA loan Loans 468

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

AUGUST 13, 2024

The letter was in response to the CFPB’s request for information on residential mortgage fees, which the Bureau issued in late May. In a 15-page letter sent to CFPB Director Rohit Chopra on Aug. 2, the trade group stressed the importance of title insurance. This is spent even if the claim is ultimately found not to have merit.

Title 468

Title Mortgages Land Closing costs 468

Housing Wire

JANUARY 19, 2023

The report noted that “most bankers reported that residential mortgage demand remained weak.” Boston – Home sales posted further substantial declines in November, and closed sales were down by 20 to 30% on a yearly basis. New York – The residential sales and rental markets showed further signs of cooling in late 2022.

Marketing 448

Marketing Residential Construction Sales 448

Housing Wire

MAY 23, 2024

Freddie Mac ’s head of single-family acquisitions, Sonu Mittal , this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about its impacts on the secondary market. “Six Six out of 10 borrowers are below a 4% mortgage rate.

Equity 459

Equity Closing Mortgages Lending 459

Housing Wire

NOVEMBER 22, 2021

Title First has grown into one of the largest independent title agencies in the nation, building strong partnerships across the United States to serve its residential, commercial, and lender customers in their purchase and refinance transactions,” Lessack said in a statement at the time of the acquisition. Presented by: CoreLogic.

Title 482

Title Commercial Closing Branding 482

Housing Wire

JULY 25, 2024

million customers to Mr. Cooper and improve NYCB’s capital level, is expected to close in the fourth quarter of 2024. “We have long respected Flagstar as a mortgage servicer, and we feel very closely aligned with their cultural values.” As part of the deal, the Dallas-based servicer and lender will pay $1.4

Banks 493

Banks Equity Commercial Mortgages 493

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. issues, which FundingShield says indicates a lack of appropriate controls by closing agents and lenders to identify and fix issues. “Q1 On loans that exhibited problems, the analysis found an average of 2.22 of transactions.

Loans 476

Loans Title Commercial Residential 476

Housing Wire

AUGUST 20, 2024

The deal is expected to close in early 2025. Last year, Wells Fargo chose to exit the home lending correspondent channel and reduce its footprint in residential mortgage servicing. After the deal closes, Trimont expects to manage more than $715 billion in U.S. The parties did not disclose the financial details.

Commercial 447

Commercial Mortgages Lending Banks 447

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. He had a particular focus on residential developers and homebuilders.

Finance 447

Finance Residential Investor Lending 447

Housing Wire

FEBRUARY 13, 2024

During an all-hands call Tuesday morning, Academy’s leadership informed employees about the M&A deal , which is expected to close in mid-April. However, most operations and recruiting staff will not be joining the acquirer but will stay employed until April 15, when the deal is expected to close, sources said. billion in MSRs).

Mortgages 459

Mortgages Loan Officer Loans Finance 459

Housing Wire

JUNE 7, 2024

This is obviously negative for mortgage rates, as bond yields were close to breaking a key technical level but reversed course. If the Fed waits to pivot even when we get close to this number or after we hit this number, the soft landing disappears. Let’s review what the Fed is looking at. So far, that hasn’t happened yet.

Mortgages 504

Mortgages Closing Land Residential 504

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB became a large residential mortgage servicer after the acquisition of Flagstar.

Equity 436

Equity Mortgages Banks Commercial 436

Housing Wire

SEPTEMBER 12, 2024

While it hasn’t reached the trillion-dollar mark in residential real estate value held by cities like New York and Chicago , Charlotte’s market has nonetheless experienced significant growth, with total property values pushing $200 billion as of 2023. Charlotte, North Carolina, has emerged as a major player in the Southeast U.S.

Agents 448

Agents Residential Staging Brokerage 448

Housing Wire

JUNE 6, 2024

Its has closed $720 million in home sales since 2020. Its closed sales totaled $80 million in 2023. Over the past two years, the team has closed at $220 million in deals, including $80 million in 2023. It serves San Diego and its surrounding counties, closing $54 million in sales last year. 10 for sales volume ($21.2

Brokerage 459

Brokerage Closing Agents Sales 459

Housing Wire

MARCH 29, 2024

This represents a 43% premium compared to the share’s closing price on March 27. The parties expect to close the transaction in the second half of 2024 when Doma will no longer be traded or listed on any public securities exchange. The companies announced late Thursday that TRG has agreed to acquire Doma’s outstanding shares at $6.29

Title 448

Title Technology Residential Investor 448

Housing Wire

SEPTEMBER 1, 2023

The deal is subject to customary closing conditions and regulatory approvals. Before Spring EQ, he founded New Penn Financial , which was sold to Shellpoint Partners and later acquired by New Residential Investment Corp. The terms of the deal were not disclosed. accelerates.

Equity 418

Equity Loan Officer Residential Commercial 418

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

Banks 448

Banks Mortgages Lending Commercial 448