Housing Wire

JULY 22, 2024

San Francisco -based private lender Kiavi announced Monday that it has closed another multimillion-dollar securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. “This securitization furthers our capital advantage, bringing our half-year issuance to nearly $1 billion.

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Housing Wire

DECEMBER 27, 2024

Rates re-emerged as a challenge and continue to be as the year winds down to a close. We’re expanding our reach, becoming a principal agent in a lot of states, Moriello said. That led to some improvement in business during the third quarter, before the enthusiasm for potentially lower rates appeared to evaporate.

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Housing Wire

OCTOBER 1, 2024

It has built an MSR platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8 Besides closing subservicing deals, Rocket has been actively acquiring servicing assets at higher coupon rates to create refinance and home equity origination opportunities. billion in market value as of June 30.

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Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The unpaid principal balance of the servicing portfolio increased 1.2% loanDepot shares closed at $1.84 per share on Tuesday, dropping 4.66% from the previous closing.

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Closing Principal Lending Loans 497

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

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Closing Principal Investor Residential 396

Housing Wire

AUGUST 14, 2024

billion in unpaid principal balance (UPB). servicing business, expected to close in the first quarter of 2025, benefits the bank by reducing costs and lowering risk for its balance sheet. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. primary mortgage servicer at the end of June, handling $166.7

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Housing Wire

JUNE 3, 2024

They are closely watching the risks of defaults but don’t expect a scenario like the financial crisis of the late 2000s to unfold. And industry experts have pointed out that many ARM loans have reset — or will soon reset —at higher rates.

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Closing Industrial Loans Principal 457

Housing Wire

FEBRUARY 21, 2025

Growth was frontloaded and slowed throughout the year, CoreLogic senior principal economist Molly Boesel said in a statement. posted the highest year-over-year increase at 5.6%, followed closely by Detroit (+5.5%) and Chicago (+5.1%). Single-family rent growth averaged 2.6% in 2024, below the 2010-2020 average of 3.5% Washington, D.C.,

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Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier. That marked a substantial turnaround from the $87.5

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Housing Wire

FEBRUARY 24, 2023

before the door closes! Take a look at a few highlights from last year’s class of winners from both Rising Stars and RT Emerging Leaders or click here to see the full list.

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Housing Wire

JANUARY 15, 2025

Home Experts Realty president and principal broker Clyde Corle believes the deal will have a strong impact on real estate in southwest Ohio. “Theyve built a brokerage that values its agents like family, and we are thrilled to welcome them into ours.

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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

APRIL 1, 2025

They must have the home appraised to determine a final loan amount in excess of FHA limits, and can then proceed to loan closing and funding. 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.

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Mortgages Principal Equity Loans 307

Housing Wire

DECEMBER 20, 2024

Bill Mitchell For the six months that Mitchell worked closely with RV, he described it as a good time and became far more familiar with the reverse mortgage industry. In late 2021, Mitchell was hired by the parent company of reverse LOS ReverseVision (RV) and Joe Langner, its leader at the time.

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Mortgages Technology Principal Industrial 397

Housing Wire

FEBRUARY 2, 2021

The MBS were loans closed by Rocket Mortgage in December, are issued as of Jan. The total principal value of the digital pools came to about $24 million. In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae-backed loan as part of a pilot program. .

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Principal Closing Loans Mortgages 513

Housing Wire

NOVEMBER 14, 2024

To get a better idea of what investors might be most closely interested in with these results, along with the outlook for these companies and the industry, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with UBS equity research analyst Douglas Harter. They also mentioned the proprietary product suite at their company as a bright spot.

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Housing Wire

MAY 10, 2024

Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a move that the National Reverse Mortgage Lenders Association (NRMLA) says could save money on closing costs. This will now be changed, according to provisions of the law as analyzed by the committee.

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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. The debt extension is expected to close on June 18 if 85% of the eligible bondholders agree with conditions. million in aggregate principal of 2028 senior notes held by Artemis Management LLC.

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Principal Mortgages Finance Investor 486

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

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Lending Technology Title Development 349

Housing Wire

FEBRUARY 19, 2025

In the fourth quarter of 2024, Compass reported a 26% year-over-year increase in revenue and a 24% increase in closed transaction sides. 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. While the firm’s revenue grew to $1.4

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Housing Wire

AUGUST 13, 2024

Kiavi , a San Francisco-based lender for residential real estate investors , announced on Tuesday the closing of a $400 million rated securitization of residential transition loans (RTLs) in an “oversubscribed” transaction. The notes are backed by 659 mortgage loans with a total principal balance of approximately $168 million.

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Investor Principal Mortgages Residential 448

Housing Wire

JUNE 4, 2024

RE/MAX will no longer have a principal operating officer and Smith’s responsibilities will be absorbed by other executives, the company disclosed Friday in a filing with the Securities and Exchange Commission ( SEC ). He noted that the average RE/MAX agent closed 11.8

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Principal Brokerage Branding Investor 491

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 company closed multiple RTL securitizations last year, including a $350 million transaction in the first quarter. It also launched a new construction financing product for builders.

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Housing Wire

JANUARY 21, 2025

On the flip side, transferring servicing removes direct access to these borrowers and closes the window into their mortgage activity. They also manage Principal and Interest (P&I) and Taxes and Insurance (T&I) advances and recoveries. Of course, customers arent the only ones that benefit from in-house servicing.

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Mortgages Investor Loans Principal 370

Housing Wire

NOVEMBER 1, 2024

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. An agent may also be present at closings to review closing documents and help guide their client through the final steps.

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

DECEMBER 18, 2024

SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News. As the article notes, no one has been accused of a crime at this time.

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Earnest money deposit Principal Closing costs Brokerage 390

Housing Wire

JULY 30, 2024

Once the transaction is closed, which is expected on Aug. The deal is expected to close in the fourth quarter of 2024. Meanwhile, Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. that is payable semiannually. The senior notes are due on Aug.

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Principal Banks Investor Mortgages 482

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. million; and pool 3, $312.9

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Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

AUGUST 1, 2024

“The transaction would include a reverse mortgage servicing portfolio, which is currently subserviced by PHH Mortgage , with a projected unpaid principal balance of approximately $3 billion,” Onity announced. The deal is still subject to regulatory approval but is expected to close sometime in the second half of 2024. “We

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Principal Mortgages Lending Closing 444

Housing Wire

JUNE 3, 2022

The more recent offerings — Lakeview Trust 2022-EBO2, which closed in late April; and Lakeview Trust 2022-EBO3, set to close in early June — also involve EBO loans, according to KBRA ratings reports. Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2

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Loans FHA loan Principal Marketing 418

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. They made the leap back to Compass in October.

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Principal Brokerage Technology Agents 459

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 billion in unpaid principal balance (UPB). primary mortgage servicer at the end of June, handling $166.7

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Investor Mortgages Banks Principal 476

Housing Wire

AUGUST 29, 2024

The monthly payment before the refinancing included principal, interest, taxes, and insurance, while the monthly payment after the transaction would include only principal and interest. According to mortgage tech platform Modex , the lender has produced $1.25 billion in mortgages over the last 12 months, more than 86% of which are V.A.

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Principal Loans Loan Officer Mortgages 434

Housing Wire

OCTOBER 19, 2022

Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H. The lender closed the channel and laid off staffers earlier this year after incurring a $223 million loss in the second quarter.

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Sales Mortgages Principal Equity 459

Housing Wire

JULY 25, 2024

Right now, with the principal limit factors where they are, especially with younger borrowers (in their 60s to mid-70s), you run the numbers for people and they see that principal limit. Department of Housing and Urban Development ] need to look at this and find a way to bump up the principal limit factors.

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Mortgages Principal Development Industrial 444

Housing Wire

SEPTEMBER 10, 2024

billion in unpaid principal balance (UPB) at the end of the second quarter. We are committed to $45 billion in unpaid principal balance, or about 150,000 new clients to our servicing portfolio, and these clients are prime candidates for recapture.” The lender has been retaining servicing rights since 2011. The company held $534.6

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Mortgages Marketing Principal Technology 459

Housing Wire

FEBRUARY 13, 2024

Texas followed closely with a 34% share of sales, marking an increase of 10 percentage points from the previous year. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community.

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