Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

JUNE 3, 2024

State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available. As a result, many banks, credit unions, and mortgage companies are known to regulators, but some nonbank firms are still not licensed or registered.

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Due diligence Banks Mortgages Lending 477

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. A more rigid regulatory framework created by Dodd-Frank and other post-GFC era legislation put investors at ease.

Banks 396

Banks Due diligence Residential Investor 396

Housing Wire

AUGUST 14, 2023

Swiss bank UBS AG announced Monday it has agreed to pay $1.43 According to the DOJ, the United States filed a complaint alleging that UBS “defrauded investors” by making false and misleading statements to buyers of 40 RMBS issued in 2006 and 2007 relating to the characteristics of the loans. The settlement with the U.S.

Due diligence 370

Due diligence Banks Loans Investor 370

Housing Wire

APRIL 26, 2022

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. LoanSnap is not alone in seeing future opportunity in the crypto-mortgage market.

Due diligence 476

Due diligence Mortgages Equity Loans 476

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. in January 2020, growing to a portfolio of over 180 community banks and credit unions. The financial terms of the transaction have not been disclosed.

Mortgages 418

Mortgages Due diligence Banks Technology 418

Housing Wire

JANUARY 5, 2023

Typically, the company does not hold such loans for more than two weeks, instead selling them to a group of investors – including Sprout Mortgage. ” Sprout has recently been sued by former employees , vendors and business partners, such as Banc of California , New Wave Lending Group , Merchants Bank of Indiana and FirstFunding.

Loans 459

Loans Due diligence Loan Officer Mortgages 459

Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes. “On

Due diligence 418

Due diligence Marketing Loans Mortgages 418

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year.

Loans 435

Loans Due diligence Residential Mortgages 435

Housing Wire

JANUARY 13, 2023

In addition, secondary market investors continue to show interest in well-underwritten, higher-rate loans secured by single-family rental properties. The third deal in motion, also backed in part by investment properties, is now undergoing due-diligence review. Securities and Exchange Commission.

Marketing 448

Marketing Investor Due diligence Loans 448

Housing Wire

JANUARY 5, 2022

SitusAMC, a leading provider of services and technology to the real estate industry, controls some 60% to 70% of the due-diligence loan-review market, according to its CEO, Michael Franco. Securities backed by the loans are then issued and sold to investors.

Due diligence 418

Due diligence Marketing Loans Mortgages 418

Housing Wire

APRIL 20, 2022

eVaults also support an enhanced customer experience for borrowers and streamline interactions with other participants — warehouse lenders, investors, servicers, etc. eNotes and eVaults deliver operational and cost efficiencies for originators, warehouse lenders, investors, custodians and trustees. within the mortgage ecosystem.

Lending 395

Lending Due diligence Investor Technology 395

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . Even though J.P. You don’t need it.”. The stable coin, pegged to the U.S.

Equity 418

Equity Technology Due diligence Investor 418

Housing Wire

MAY 13, 2022

In 2008 when blockchain and its celebrity use case of BitCoin came into view, with breathless excitement discussions of complete decentralization of purchases and bank-less futures coursed freely through public discourse. Simple realities like investor doc delivery can be avoided by virtue of upstream use of blockchain on DLTs.

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Due diligence Technology Title Banks 371

Marco Santarelli

OCTOBER 13, 2024

Finding the 10 best real estate markets for investors is the first step to making that dream a reality. This guide dives deep into ten markets currently showing impressive growth potential for investors, but remember: real estate investment involves risk. High demand translates to higher rental yields, a key factor for investors.

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Investor Marketing Due diligence Finance 122

Housing Wire

MARCH 17, 2022

Rapidly rising rates and widening spreads limited securitization volume in February for both investor [investment property] and prime jumbo issuance,” the report states. “… And, as we noted in last month’s report, the price for loans traded through the exchange has fallen again as well.”. “The That’s not a good combination,” Toohig added.

Loans 422

Loans Marketing Due diligence Residential 422

Housing Wire

MAY 5, 2022

At the end of the term, the buyer refinances the debt with a loan from a bank and pays you off, releasing you from the investment. Roofstock Marketplace is a platform that brings together investors, both buyers, and sellers, who want to buy or sell property with tenants. You can provide financing for a few years (you choose the terms).

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Due diligence Finance Principal Sales 370

HomeLight

JANUARY 14, 2025

Macon’s thriving aerospace, manufacturing, and automotive sectors, coupled with its relative affordability, attract both local and out-of-state investors. Do your due diligence Carefully evaluate cash-for-home companies before committing to any offers.

Proof of funds 95

Proof of funds Sales Due diligence Banks 95

HomeLight

JANUARY 14, 2025

Boston’s thriving economy, driven by industries like technology, education, and healthcare, continues to attract local and out-of-state investors. Do your due diligence Before committing to a cash-for-homes company, take the time to research thoroughly.

Proof of funds 97

Proof of funds Sales Due diligence Banks 97

HomeLight

NOVEMBER 28, 2024

Instead of researching and contacting cash home buyers yourself, you can ask a real estate agent to put you in touch with tried-and-tested investors in their network. Ask the cash buyer for proof of funds—this could be a bank statement or an official letter from the financial institution showing the account balance.

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Proof of funds Due diligence Sales Investor 111

HomeLight

JUNE 4, 2024

Atlanta’s real estate market, with its mix of historic charm and modern developments, attracts a wealth of investors — both local and from out-of-state — who are ready to buy with cash. Investors purchased more than $1 billion worth of Atlanta-area residential real estate in the first three months of 2024, placing it in the top 10 U.S.

Proof of funds 110

Proof of funds Due diligence Investor Agents 110

HomeLight

MAY 29, 2024

South Florida attracts a wide range of real estate investors, from large institutions to individuals from other countries. To catch the eye of these investors, consider listing your home on real estate investment websites or participating in local investment groups and events.

Proof of funds 111

Proof of funds Due diligence Marketing Investor 111

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

Banks 98

Banks Inspection contingency Inspection FHA loan 98

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

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Land Due diligence Title search Finance 128

HomeLight

JULY 2, 2024

Farmington’s real estate market is drawing significant interest from investors due to its attractive home prices and stable growth, making it an ideal time for you to explore cash offers. Focus on investors rather than owner-occupiers Farmington attracts many institutional buyers, including companies and LLCs, that pay cash for homes.

Proof of funds 110

Proof of funds Sales Due diligence Investor 110

HomeLight

MAY 31, 2024

Louis’s diverse neighborhoods and stable rental market are attracting both local and national investors who are actively seeking properties to buy with cash. ® Investor Report found that investors accounted for nearly 17% of St. If you don’t have an agent yet, HomeLight can connect you with investor-friendly agents in St.

Proof of funds 111

Proof of funds Due diligence Investor Banks 111

HomeLight

APRIL 9, 2024

white-sand beaches, and favorable tax rates, The Magic City attracts a diverse group of cash investors looking for promising opportunities. Additionally, searching online for “We Buy Houses” companies in Miami can direct you to house flippers and other investors. Thanks to its vibrant culture.

Proof of funds 111

Proof of funds Due diligence Investor Banks 111

HomeLight

JANUARY 16, 2025

Investors, both local and out-of-state, are attracted to Augusta for its affordability and excellent quality of life. Do your due diligence Before committing to a cash buyer, its crucial to assess their credibility. Always ask for proof of funds, such as a bank statement, to ensure the buyer can complete the purchase.

Proof of funds 97

Proof of funds Due diligence Sales Banks 97

HomeLight

MAY 31, 2024

With its affordable housing, growing job market, and steady rental returns, Cincinnati has become a hotspot for both local and out-of-state investors eager to purchase homes in cash. This could bring even more investors into the fold, benefitting Cincinnati homeowners seeking all-cash offers.

Proof of funds 111

Proof of funds Due diligence Investor Agents 111

HomeLight

MAY 8, 2024

Local and national investors, who often transact in cash, see the value in the city’s stable growth. Agents have established networks and often know investors interested in buying homes for cash. Roughly 15% of Denver homes sold between early 2021 and late 2022 went to investors — an estimated $9.5 billion worth of real estate.

Proof of funds 111

Proof of funds Due diligence Investor Agents 111

HomeLight

MAY 31, 2024

The current market is highly competitive, teeming with corporate investors and newcomers from out of state, making it a prime time to consider all-cash offers. Focus on investors rather than owner-occupiers Kansas City is home to many institutional buyers — companies and corporations that purchase homes for cash.

Proof of funds 111

Proof of funds Due diligence Investor Agents 111

HomeLight

JUNE 17, 2024

The City of Brotherly Love touts an active real estate investor market , fueled by house flippers and those seeking rental properties. Focus on investors rather than owner-occupiers Philadelphia has a fairly large share of real estate investors, including house flippers, buy-and-hold investors, and institutional buyers.

Proof of funds 111

Proof of funds Due diligence Investor Agents 111

HomeLight

JANUARY 15, 2025

San Franciscos promising income potential makes it a solid option for investors, meaning you should have no trouble finding a cash buyer for your property. Instead of researching and contacting cash home buyers, consider asking a real estate agent to connect you with tried-and-tested investors in their network.

Proof of funds 97

Proof of funds Due diligence Sales Investor 97

HomeLight

MAY 21, 2024

Clearwater’s beautiful beaches and vibrant downtown attract a variety of cash buyers, from well-to-do snowbirds to buy-and-hold investors. Focus on investors rather than owner-occupiers Clearwater homeowners may find a quicker sale by working with a cash-flush investor compared to a traditional buyer who wishes to purchase the home outright.

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Sales Proof of funds Due diligence Investor 110

HomeLight

JUNE 24, 2024

Nashville’s dynamic housing scene, characterized by its blend of urban charm and southern hospitality, attracts both individual cash buyers and real estate investors. Focus on investors rather than owner-occupiers Nashville has many institutional buyers (companies, corporations, LLCs). Need to Sell Your House Fast in Nashville?

Proof of funds 98

Proof of funds Due diligence Sales Investor 98

HomeLight

JANUARY 8, 2025

Both local and out-of-state investors continue to show interest in the Keystone State, even as the housing market has cooled and median home sales prices are declining. Do your due diligence Make sure to vet cash-for-homes companies before making any commitments.

Proof of funds 98

Proof of funds Sales Due diligence Banks 98

HomeLight

MAY 15, 2024

Agents are often well-connected with a network of cash buyers, including investors interested in properties like yours. Focus on investors rather than owner-occupiers In Las Vegas, the market is teeming with investors and institutional buyers, making them a more promising target than traditional owner-occupiers.

Proof of funds 111

Proof of funds Sales Due diligence Investor 111