Housing Wire

APRIL 21, 2022

Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.

Lending 435

Lending Finance Principal Development 435

Housing Wire

FEBRUARY 15, 2024

Wisconsin: No proprietary but plenty of opportunity Cullen, who works at University Bank , explained that while he occasionally gets business opportunities from outside Wisconsin , he prefers to remain within his home state since he likes to conduct business face to face as much as possible.

Mortgages 435

Mortgages Banks Equity Land 435

Housing Wire

JUNE 28, 2024

The purpose of the committee is to provide nonbinding advice to the agency on how Fannie Mae , Freddie Mac and the Federal Home Loan Banks can achieve their goals as a “reliable and responsible source of liquidity and funding“ across the single-family and multifamily housing sectors.

Lending 418

Lending Principal Finance Equity 418

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners.

Principal 429

Principal Banks Finance Mortgages 429

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.

Banks 397

Banks Bankruptcy Loans Investor 397

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 476

Technology Title Development Lending 476

Housing Wire

SEPTEMBER 16, 2022

In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.”. Through four offerings to date, Fannie Mae has brought to market 31,780 reperforming loans valued at $5.4

Sales 418

Sales Principal Loans Banks 418

Housing Wire

JULY 12, 2023

BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. Founded in 2019, BlackFin Group is a management consulting firm specializing in strategic guidance, operational expertise, and innovative solutions for the banking and mortgage industries.

Principal 369

Principal Technology Banks Mortgages 369

Housing Wire

APRIL 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Buyers have begun to adjust to the elevated mortgage rate levels, especially in areas where home prices have adjusted downwards to compensate,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. This represents 7.6

Sales 435

Sales Construction New Construction Principal 435

Housing Wire

FEBRUARY 16, 2023

In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings.

Loans 395

Loans Technology Principal Development 395

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

Principal 468

Principal Loans Investor Banks 468

Housing Wire

FEBRUARY 13, 2023

Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. among others. million security backed by non-QM mortgages.

Mortgages 396

Mortgages Principal Banks Equity 396

Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 Morgan Chase Bank , 6.5%; Rocket Mortgage , 6.4%; and Wells Fargo , 4.7%. billion for the $12.2

Principal 448

Principal Loans Investor Residential 448

Housing Wire

AUGUST 14, 2020

Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank. Lessinger is a founding principal and broker/owner of RE/MAX Realty in Nevada, having built a team of 130 agents in three offices over the span of 22 years.

Lending 387

Lending Principal Industrial Development 387

Housing Wire

AUGUST 9, 2021

The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased four basis points to 3.63%, and the percentage of loans in forbearance for depository servicers decreased 10 basis points to 3.49%. The options can be used separately or combined. Servicers can also extend the loan term to up to 40 years.

Principal 459

Principal Loans Staging Mortgages 459

Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).

Lending 435

Lending Principal Finance Loans 435

Housing Wire

JUNE 2, 2022

The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development. NCRC has sought to gum up bank merger approvals with accusations of redlining , extracting more than $100 billion in community benefits agreements with banks.

Mortgages 418

Mortgages Loan Officer Lending Principal 418

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program. 17, 2024.”

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

MARCH 6, 2024

One potentially positive development is that New View had originally predicted that HMBS production would be lower than it actually is, due to larger factors that influence pool production. The big banks had just left and new lenders were gearing up: American Advisors Group (AAG), RMF and others.

Mortgages 466

Mortgages Seller concession Principal Loans 466

Housing Wire

AUGUST 26, 2024

Many independent mortgage banks opted to sell a substantial portion of their MSRs, aiming to free up cash and stay afloat amidst declining origination activity, anticipating future regulatory capital requirements or simply lacking interest in maintaining these assets. trillion unpaid principal balance (UPB).

Mortgages 458

Mortgages Banks Debt-to-income ratio Loans 458

Housing Wire

MARCH 10, 2022

Two similar past issuances, one in 2015 and another last year, also were sponsored by Lakeview, according to a US Bank trust investor report. Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. Department of Housing and Urban Development (HUD).

Mortgages 394

Mortgages Principal Loans FHA loan 394

Housing Wire

APRIL 24, 2024

Cooper’s consumer-first platform into a cloud-native core, then licensing the resulting cloud-based platform to banks and independent mortgage companies. Bray also reintroduced Pyro , Mr. Cooper’s patented mortgage-centric AI platform that the company has been developing since 2019 in partnership with Google. This included $1.4

Equity 413

Equity Lending Principal Technology 413

Housing Wire

MARCH 25, 2022

California-based Pennymac Financial Services will lay off more than two hundred employees in the coming months, according to notices sent to the state’s Employment Development Department on March 7. billion in unpaid principal balance in 2021, up 19% from 2020, its latest earnings report showed. in 2021, compared to 2.3%

Lending 397

Lending Principal Loans Banks 397

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. billion), Bank of America ($20.4 PNC Bank ($7.9 billion) and MUFG Union Bank ($5.8 billion), U.S.

Banks 370

Banks Marketing Loans Mortgages 370

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. To understand the context, U.S.

Mortgages 370

Mortgages Banks Marketing Residential 370

Housing Wire

OCTOBER 24, 2022

And while depository banks that are fueling that growth, concern is mounting over Ginnie Mae MSRs held by nonbanks. Over the first nine months of this year, banks have far outstripped nonbanks in buying up MSR packages. Banks have been net purchasers of MSRs, to the tune of $107.8 billion — compared with $51.1 The weak link?

Principal 334

Principal Banks Loans Mortgages 334

Housing Wire

MAY 23, 2022

According to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Employment Development Department (EDD) on April 28 and May 9, the company plans to cut 207 jobs in two rounds on June 27 and July 8, in letters to the EDD reviewed by HousingWire. Pennymac reported a pretax income of $234.5

Loan Officer 418

Loan Officer Loans Principal Mortgages 418

Housing Wire

FEBRUARY 2, 2024

billion in unpaid principal balance (UPB) in 2023, down 9% year over year. With this technology now free and clear of any restrictions on use or development, we believe there’s potential for additional opportunities for the company and stakeholders over time.” California-based Pennymac delivered a $144.7

Technology 435

Technology Loans Principal Mortgages 435

Housing Wire

NOVEMBER 14, 2024

“They’ve managed to continue securitizing across their platforms, which has allowed them to grow their portfolio, increase earnings, and get back to covering the dividend from an earnings-available-for-distribution standpoint this quarter, which was a positive development,” Harter said.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

NOVEMBER 17, 2021

Other forms of financial remediation could include borrower refunds, principal reduction, account adjustment or remittances paid to FHA. Remedies — punishment for mistakes, in other words — could be as mild as producing additional documentation or as severe as life-of-loan indemnification.

Marketing 369

Marketing Principal Loans Development 369

Housing Wire

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

Bankruptcy 245

Bankruptcy Loans Investor Banks 245

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers. “And financial system.

Industrial 435

Industrial Title Commercial Banks 435

Housing Wire

DECEMBER 13, 2024

The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination. Despite these developments, buyback costs remain a pressing problem for many lenders.

Pre-approval 360

Pre-approval Investor Loans Technology 360

Housing Wire

NOVEMBER 17, 2022

According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. . ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee.

Marketing 448

Marketing Lending Loans Principal 448

Housing Wire

APRIL 14, 2023

At a time when the banking system is making headlines, housing finance regulators should appreciate the strength, stability and resilience of the conventional mortgage market backed by private mortgage insurance. Seth Appleton is the president of the U.S. Mortgage Insurers.

Finance 370

Finance Equity Mortgages Principal 370

Housing Wire

JULY 27, 2023

After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. Permitting data suggests future multifamily supply is slowing and developers of such projects are highly sensitive to high interest rates.

Construction 370

Construction Mortgages Sales Banks 370

Realty Biz

JULY 1, 2022

Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners – a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity.

Principal 87

Principal Development Brokerage Residential 87