Housing Wire

DECEMBER 18, 2024

In a company statement, United Real Estate President Rick Haase expressed excitement about bringing SunWest operating principal and partner Jerry Braklow and his team into the fold. Dallas -based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. The financial terms of the merger were not disclosed.

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Housing Wire

NOVEMBER 21, 2024

As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spearhead those efforts,” KW President and CEO Mark Willis said in a statement. She has held numerous brokerage leadership roles within the company.

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Brokerage Principal Technology Agents 370

Housing Wire

NOVEMBER 19, 2024

At Corcoran McEnearney, Pejacsevich will serve as principal and chief operating officer, while Buzzelli will serve as chief strategy officer. The Corcoran Group is making moves in the Washington, D.C., metropolitan area. Through establishing a presence in a major city like Washington, D.C., area’s urban, suburban and rural communities.

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Principal Commercial MLS Branding 370

Housing Wire

DECEMBER 9, 2024

The attention that Native American communities are paying to their own needs was lauded by Richard Monocchio, principal deputy assistant secretary for public and Indian housing at HUD. Native American Tribes are leading the charge to upgrade infrastructure in their communities, he said.

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Principal Land Development Renovation 370

Housing Wire

OCTOBER 30, 2024

This resulted from a portfolio of $878 billion in unpaid principal balance (UPB), including $755 billion in mortgage servicing rights (MSRs) owned by the company. But executives expect things to calm down moving forward. “I The company’s estimated book value is $2.9 In September, the company raised $300 million in equity.

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Equity Principal Mortgages Lending 435

Housing Wire

MARCH 7, 2024

Michael Warden , managing principal and CEO of Invictus Capital Partners — one of the largest players in the nonqualified mortgage (or private-label) securitization space via Verus Securitization Trust — is also quite bullish on the future of private capital in the mortgage market. It’s a matter of speed. …

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Housing Wire

JANUARY 31, 2025

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 It’s an about-face for PennyMac after it posted a net loss of $36.8 million in Q4 2023. For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023.

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Principal Lending Equity Mortgages 366

Housing Wire

NOVEMBER 14, 2024

Executive leaders there pointed to the performance of the company’s proprietary loan products and trends in the Home Equity Conversion Mortgage ( HECM ) space as favorable. While Ellington’s results were softer in comparison , company leaders remain bullish on profitability prospects for Longbridge and the wider industry.

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Investor Mortgages Bankruptcy Equity 370

Housing Wire

DECEMBER 20, 2024

If you think about the idea of having modern technology that allows them to configure quickly, and to bring in these [reverse-specific] calculations the principal limit factor, non-borrowing spouses, all the things that legacy software doesn’t have today when it comes to decisioning technology, we have that, he said.

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Mortgages Technology Principal Industrial 397

Housing Wire

MARCH 20, 2025

Molly Boesel, CoreLogic’s senior principal economist, said that January’s rent growth is slightly higher than what she’d expect in the opening month of the year. Rent growth for single-family homes ramped up at the start of 2025, according to a new report by CoreLogic. during the year ending in January.

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Housing Wire

FEBRUARY 6, 2025

Around the same time , Rithm also struck a $720 million deal for Computershare Mortgage Services and its subsidiary, Specialized Loan Servicing , which brought $136 billion in unpaid principal balance (UPB) to Rithms servicing book. Sculptor added another $1 billion in assets during the past year, according to the 2024 earnings report.

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Loans Equity Principal Mortgages 411

Housing Wire

NOVEMBER 6, 2024

billion in unpaid principal balance (UPB), but it recorded a net loss of $74.6 Schmidt said in a statement that despite the loss, the company’s trajectory continues to reflect “positive momentum” based on investments it has made in prior acquisitions. The company’s servicing portfolio grew to $91.4 billion total at the end of June. “Our

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Principal Mortgages Loans As-is 367

Housing Wire

NOVEMBER 5, 2024

Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity. Vision 2025 will be replaced by a program called Project North Star that is focused on the homeownership journey.

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Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

JANUARY 25, 2025

Sanchez: Newrez has a giant servicing business with $755 billion in unpaid principal balance. In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez is joined by Newrez President Baron Silverstein. This conversation has been edited for length and clarity purposes. Its been exciting.

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Principal Technology Mortgages Industrial 369

Housing Wire

MARCH 5, 2024

Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. Conversely, when expected rates are lower at origination, borrowers are offered more principal.

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Principal Mortgages Loans Equity 459

Housing Wire

SEPTEMBER 10, 2024

After all, older ages and lower interest rates generally yield higher principal limits. The unused principal will grow in the borrower’s favor at current interest rates plus 0.50%. Valuation risk For some markets, waiting may reduce principal limits if property values decline. 10 to Sept.

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Mortgages Principal Equity Loans 459

Housing Wire

APRIL 4, 2024

This rate is used, among other things, to help determine a borrower’s initial principal limit (borrowing capacity). When looking up the borrower’s principal limit factor, we would use 6.75%. So, it is understandable that HECM prospects want to know how unlocked expected rates could impact their principal limit. Example With a 2.5%

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Principal Mortgages Loans Equity 444

Housing Wire

MAY 10, 2024

Currently, the documentary stamp tax is applied to the entire mortgage obligation amount rather than being applied to the principal limit amount,” or the maximum amount of proceeds that a reverse mortgage borrower can receive. This will now be changed, according to provisions of the law as analyzed by the committee.

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Principal Mortgages Closing costs Closing 435

Housing Wire

FEBRUARY 19, 2025

Its agent count continues to rise sharply, as the number of principal agents grew from 14,683 at the end of 2023 to 17,752 at the end of 2024. Compass CEO Robert Reffkin has made exclusive listings central to the companys business strategy. Recent data suggests Compass is rapidly expanding its inventory of exclusive listings.

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Housing Wire

APRIL 1, 2025

In October 2024, the company also launched a broker protection program that offers company-approved brokers and principal agents with access to five core protections. The product line, known as SecureEquity, is available to homeowners as young as age 55. It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million.

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Mortgages Principal Equity Loans 269

Housing Wire

JUNE 11, 2024

And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. million in aggregate principal of 2028 senior notes held by Artemis Management LLC. The new debt will pay 8.75% — an incremental 0.5% The debt extension is credit positive, giving them now two more years.

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Principal Mortgages Finance Investor 486

Housing Wire

JANUARY 21, 2025

They also manage Principal and Interest (P&I) and Taxes and Insurance (T&I) advances and recoveries. In 2023, they reported that overall satisfaction scores are 119 points lower when customers dont choose their servicer. Fortunately, there is a way around this for the well-informed.

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Mortgages Investor Loans Principal 370

Housing Wire

FEBRUARY 4, 2025

These include several reductions to principal limit factors (PLFs), which are designed to reduce risk and losses to the program. This is according to the text of the bill reviewed by HousingWire s Reverse Mortgage Daily (RMD). Previous versions of the bill were introduced in four prior legislative sessions between 2017 and 2024.

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Mortgages Loans Equity Principal 360

Housing Wire

FEBRUARY 27, 2025

CoreLogic data shows that the percentage of mortgage borrowers who pay more for their taxes and insurance than their principal and interest has risen from 2% roughly a decade ago to nearly 10% today. That has changed. When it comes to what’s causing the rapid rise in insurance costs, Hepp sees six key drivers.

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Equity Construction Principal Mortgages 269

Housing Wire

JANUARY 10, 2025

Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting. Brown expressed excitement over his new role and said he intends to continue serving customers with new solutions.

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Principal Lending Development Mortgages 370

Housing Wire

MARCH 11, 2025

“We are thrilled to welcome Jeff and Brett to Milliman,” said Jonathan Glowacki, a principal at Milliman. “We are thrilled to welcome Jeff and Brett to Milliman,” said Jonathan Glowacki, a principal at Milliman. Global consulting and actuarial firm Milliman Inc.

Mortgages 221

Mortgages Principal Residential Investor 221

Housing Wire

JANUARY 14, 2025

If you live in one those states, leveling up your career might mean studying to become a Managing Broker or Principal Broker. Despite the learning curve, becoming a broker has been one of the most fulfilling decisions of my career. Before you take the leap, Ill share with you what I wish my young self knew when I launched my own brokerage.

Brokerage 370

Brokerage Branding Agents Industrial 370

Housing Wire

MARCH 19, 2025

“With Smitty joining the leadership team and June contributing her expertise to our faculty, we are forming a powerhouse of knowledge, innovation, and support for both agents and clients, Jeffrey Finn, the principal broker of United Real Estate Richmond, said in a statement. and Jeffrey S Finn.

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Brokerage Principal Agents Industrial 221

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent? Let’s dive in!

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

MAY 29, 2024

The government-sponsored enterprises (GSEs) are now targeting a 20% reduction in principal and interest (P&I) payments to keep borrowers facing permanent financial stress in their homes. “The Fannie Mae and Freddie Mac on Wednesday announced an update to one of their loss-mitigation solutions known as Flex Modification.

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Principal Loans Mortgages Finance 467

Housing Wire

JANUARY 16, 2025

The standard of living of the average American has to decline, he said. I don’t think you can escape that. These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volckers predecessors, Arthur Burns and William Miller, had failed to control prices. Thatwasnt a one-off.

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Bankruptcy Land Mortgages Principal 370

Housing Wire

OCTOBER 18, 2024

HOME EQUITY CONVERSION MORTGAGE (HECM): The HECM allows homeowners age 62+ the ability to leverage a portion of their home’s value without a required monthly principal and interest mortgage payment.* Monthly principal and interest mortgage payments are also required. Of course, selling the home is generally not desirable.

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Mortgages Principal Equity Loans 448

Housing Wire

JUNE 20, 2024

million in principal for new notes guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 million in aggregate principal of 2028 senior notes held by Artemis Management LLC. million in aggregate principal of old notes will remain outstanding.

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Principal Lending Mortgages Investor 448

Housing Wire

FEBRUARY 13, 2025

The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. billion since 2019. million received a 21.8%

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Land Investor Principal New Construction 259

Housing Wire

AUGUST 16, 2024

Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. The eight-person Prospect Real Estate Team is taking its talents to Compass, adding a group that’s produced $1.21

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Principal Brokerage Development Construction 448

Housing Wire

FEBRUARY 21, 2024

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. Since March 2020, lenders and servicers have provided borrowers with nearly 1.9 million COVID-19 loss-mitigation actions.

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Principal Loans Mortgages Renovation 459

Housing Wire

JULY 1, 2024

The analysis included more than 4,000 cities and defined “principal cities“ as those with populations of more than 150,000. The report noted that “housing inventory in exurbs grew by an average of 15% over the past 10 years, outpacing suburbs at 14% and principal cities at 10%.

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Principal Marketing As-is Finance 448