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. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

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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). Reuters first reported on the transaction.

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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

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. 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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Housing Wire

NOVEMBER 24, 2020

The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions and review, according to a release. Homesnap has great relationships, data , software, and tools for residential real estate professionals that are complementary to our existing offerings ,” Florance said.

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Principal Residential Commercial Development 459

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.

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Equity Mortgages Banks Commercial 436

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

FEBRUARY 3, 2022

The initial deal closed on January 29 and the second offering is slated to close on February 11, according to Kroll Bond Rating Agency’s presale reviews of the STACR securitizations. billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6

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Principal Investor Loans Mortgages 397

Housing Wire

JULY 18, 2023

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He closed $23 million in sales volume in 2022.

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Housing Wire

JULY 10, 2023

While prices are still well below peak levels across the West and in many pandemic boom towns, price firming in recent months has begun to close those gaps. However, most projects underway in the month were 5+ multi-family units, as opposed to single-family residential units,” Walden said. Austin, Texas, is a notable exception.

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Principal Residential New Construction Land 418

Housing Wire

MAY 2, 2022

The offering is slated to close May 11, according to a presale review by the Kroll Bond Rating Agency (KBRA). billion note issued against a reference loan pool of 180,002 residential mortgages with an outstanding principal balance of $53.7 CAS 2022-R04, which closed last month, was a $1.14

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Loans Investor Principal Residential 418

Housing Wire

JULY 28, 2023

billion of single-family residential loans at a discount, according to the outlet. Banc of California said Tuesday in a presentation that it entered into a “contingent forward asset sale agreement” for its residential mortgage portfolio in a presentation without naming the buyer.

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Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 30, per the KBRA report, are United Wholesale Mortgage , 8.9%

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Principal Loans Investor Residential 370

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Principal among these are: Invested capital “requires” the highest return. exceeds $1.5

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Finance Principal Residential Development 448

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity. securities regulations.

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Investor Renovation Loans Principal 397

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 at close of the New York Stock Exchange on Thursday. billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. The New York City-headquartered company began offering shares Thursday morning.

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Brokerage Principal Loans Branding 426

Housing Wire

MAY 1, 2023

The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank.

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Banks Commercial Loans Principal 396

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market.

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Investor Principal Loans Lending 389

Housing Wire

SEPTEMBER 13, 2022

Home-equity lending is on a roll this year, with the combined volume of home-equity lines of credit (HELOCs) and traditional closed-end home equity loans up 47% from January to May of 2022, compared with the same period last year. recently rebranded as Rithm Capital ). billion in 2021 to $4.6

Equity 370

Equity Loans Residential Banks 370

Housing Wire

OCTOBER 18, 2022

A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6. Since its closing, the company has been the target of several lawsuits. Representatives for FirstFunding and Sprout did not return requests for comments.

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Loans Principal Mortgages Lending 397

Housing Wire

FEBRUARY 1, 2022

billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3 Investors receive principal and interest payments on the CRT notes they purchase, but if credit losses exceed a predefined threshold per the security issued, then investors are responsible for absorbing the losses exceeding that mark.

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Debt-to-income ratio Investor Loans Principal 370

Housing Wire

JUNE 22, 2023

Potential homebuyers have been watching rates closely and are waiting to come off the sidelines,” Sam Khater, Freddie Mac’s chief economist, said in a statement. HousingWire’s Mortgage Rates Center showed Optimal Blue’s 30-year fixed rate for conventional loans at 6.67% on Wednesday, compared to 6.71% the previous week.

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Mortgages Principal Loans Residential 418

Housing Wire

MARCH 10, 2022

The company’s unpaid principal balance increased 18% last year to $70.9 In May, Guild announced the acquisition of Maine-headquartered retail lender Residential Mortgage Services Holdings for $196.7 Guild shares closed on Thursday at $11.59, down 2.28% from the prior day.

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Marketing Loans Principal Mortgages 435

Sotheby's International Real Estate

JANUARY 20, 2022

Ordino, The Principality of Andorra | Narcís Socías Tomàs, Andorra Sotheby’s International Realty . This brand new, magnificent property for sale in Ordino is in an exclusive residential area located in the middle of nature with breathtaking views.

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Principal Residential Development Branding 96

Housing Wire

OCTOBER 31, 2022

By the end of 2022, roughly 50 merger or acquisition (M&A) transactions will be announced or closed, which is 50% more than 2018 — the record year for lender consolidation, according to Stratmor Group. McGarry said Guild would look for companies that will strengthen Guild’s retail channel, but will be very patient in closing a deal.

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Industrial Mortgages Principal Loans 397

Housing Wire

AUGUST 9, 2022

billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8 for the February offering and 5.5%

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Marketing Bankruptcy Loans Principal 418

Housing Wire

MAY 16, 2022

million) are among the non-bank lenders that benefited from the sale of MSRs, offsetting the decline in closed loan volume in the first quarter of 2022. UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2

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Principal Banks Loans Lending 397

Housing Wire

APRIL 5, 2022

The offering is slated to close April 8, according to a presale review by the Kroll Bond Rating Agency (KBRA) and involves transferring a portion of the reference loan-pool risk to private investors through the CAS real estate mortgage investment conduit, or REMIC. The initial Fannie CRT deal of 2022, CAS 2022-R01, involved a $1.5 billion.

Loans 397

Loans Investor Equity Principal 397

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. We closed a $10 billion deal not long ago,” he said. Next, we might be working on $30 billion or $40 billion [in MSR deals].

Marketing 397

Marketing Banks Principal Loans 397

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. According to the NAR, there were 1.28 million existing homes on the market in August and would take 3.2 About 9.1%

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

JULY 7, 2021

The sale of the Champion reverse servicing portfolio will be required to go through any relevant regulatory processes and other unspecified closing conditions before the deal can be completed, but is expected to close sometime between now and the end of 2021 according to a statement released by Mr. Cooper.

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Sales Mortgages Branding Principal 418

Housing Wire

JANUARY 11, 2022

Investors receive principal and interest payments on the CRT notes they purchase, but if credit losses exceed a predefined threshold per the security issued, then investors are responsible for absorbing the losses exceeding that mark. RMBS at Fitch Ratings. The initial CRT deal of 2022, CAS 2022-R01 , involves a $1.5

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Investor Loans Principal Mortgages 435

Housing Wire

MARCH 17, 2022

The MAXEX report notes that residential mortgage-backed securities (RMBS) deals backed by investment properties decreased “significantly in February,” in large part due to the removal of the agency limit on purchasing those loans. “The billion closed through March 25 of this year. Pelka agrees that the PLS market is under pressure. “In

Loans 422

Loans Marketing Due diligence Residential 422

Housing Wire

NOVEMBER 4, 2020

Investment loan applications are showing a higher risk because real estate investors have a profit motivation for their activity,” said Bridget Berg, Principal, Fraud Solutions at CoreLogic. As part of its analysis, CoreLogic noted the following: Miami, often the highest-risk CBSA, stands alone and no other CBSAs closely mirror it.

Mortgages 448

Mortgages VA loan Loans Lending 448

Housing Wire

FEBRUARY 2, 2023

However, the company was able to report a profit in an extremely difficult operating environment for residential mortgage originators in addition to seasonally low purchase origination volumes in Q4.” PFSI ’s stock closed Thursday at $72.55, up 5.21%. The stocks declined 13% in the aftermarket following the earnings publication.

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Marketing Banks Principal Loans 369

Housing Wire

AUGUST 26, 2024

“Rate declines will impact companies differently based on their business model,” said Craig Freel, partner and co-chief investment officer at Rice Park Capital Management , an investor in residential mortgage assets. trillion unpaid principal balance (UPB). trillion once the Flagstar deal closes.

Mortgages 458

Mortgages Banks Debt-to-income ratio Loans 458

Housing Wire

MARCH 21, 2022

Principal and interest payments are paid to investors on the CRT notes they acquire, but if credit losses on the reference pool exceed a predefined threshold, then investors are responsible for absorbing the losses exceeding that level. billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3

Loans 370

Loans Investor Mortgages Residential 370