Housing Wire

AUGUST 14, 2024

servicing business, expected to close in the first quarter of 2025, benefits the bank by reducing costs and lowering risk for its balance sheet. Salt Lake City-based SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000, according to Fitch Ratings.

Banks 435

Banks Closing Principal Residential 435

Housing Wire

JUNE 18, 2024

Real estate investment trust Redwood Trust is expected to close on Monday on the offering of $85 million in debt, following on the heels of other companies in this space. Analysts say the resources could be used to buy back other outstanding notes or improve the company’s cash position in the near term.

Closing 446

Closing Principal Lending Equity 446

Housing Wire

OCTOBER 1, 2024

Annaly has $75 billion in assets invested across its agency mortgage-backed securities (MBS), residential credit and MSR strategies. Besides closing subservicing deals, Rocket has been actively acquiring servicing assets at higher coupon rates to create refinance and home equity origination opportunities.

Closing 434

Closing Principal Loans Finance 434

Housing Wire

MAY 10, 2023

The data also suggests that the economy is close to peak rent inflation—lower monthly rent prices have been recorded for two consecutive months, and the price growth for new leases is still decelerating. Shelter was again a major contributor to this increase, rising 0.4% month over month, thanks to a 0.6% increase in the rent index and a 0.5%

Closing 397

Closing MLS Residential Construction 397

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history.

Construction 511

Construction Residential Sales Mortgages 511

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 433

Mortgages Fixed-rate mortgage Lending Residential 433

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 Mortgaged properties account for 62% of all residential homes in the U.S., trillion in equity over the past year, according to a CoreLogic report released Friday. The average U.S. trillion gain in U.S.

Equity 518

Equity Residential Mortgages Closing 518

Housing Wire

SEPTEMBER 24, 2024

Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital. He will report to John Beacham , CEO of Roemanu and Toorak.

Residential 434

Residential Commercial Finance Loans 434

Housing Wire

JANUARY 31, 2023

NYCB) confirmed it’s closing 69% of the retail home lending offices outside of its branches after acquiring Michigan-based Flagstar Bank. “We We made the strategic decision shortly after the transaction closed to swiftly restructure the business, which occurred in January,” Thomas Cangem, NYCB president and CEO, said in a statement. “We

Mortgages 418

Mortgages Lending Banks Commercial 418

Housing Wire

JANUARY 17, 2025

How do we get a loan from I want a house to its closed and done before they walk away? The real estate company handles the entire lifecycle of the loan process, from processing and underwriting to closing and servicing. Most companies think from the primary lens. How does SitusAMC expand primary market origination?

Marketing 368

Marketing Residential Commercial Loans 368

Housing Wire

NOVEMBER 15, 2024

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

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. billion in 2024 alone.

Investor 448

Investor Principal Mortgages Residential 448

Housing Wire

AUGUST 28, 2024

Digital closing provider Snapdocs has automated its digital closing revenue management system to help the firm create a faster and more transparent process for clients. It supports one in four residential real estate transactions in the country, according to the firm. Snapdocs also said it enables lenders to close 1.5

Lending 432

Lending Technology Title Loans 432

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 servicing business without naming the buyers or disclosing the financial details.

Investor 476

Investor Mortgages Banks Principal 476

Housing Wire

JULY 1, 2024

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. Chicago-based @properties is the nation’s eighth-largest brokerage firm by closed sales volume, according to 2023 data from the RealTrends Verified rankings.

Brokerage 448

Brokerage Residential Branding Mortgages 448

Housing Wire

APRIL 25, 2024

Claire boasts a conversational interface to guide users through every step of the homebuying journey, from property search to deal closing. The tool helps match buyers with the ideal property while providing insights into market trends and property values.

Agents 448

Agents Residential Technology Industrial 448

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. Market conditions have certainly trended downward for residential or commercial real estate. buyers and sellers) in a residential deal. And why not?

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

SEPTEMBER 5, 2024

RealTrends Verified has been tracking key measurements in the residential real estate industry since 1987. The RealTrends Verified 500 is our annual ranking of the nation’s largest residential brokerage firms ranked by both closed transaction sides and closed sales volume.

Brokerage 442

Brokerage Residential Closing Agents 442

Housing Wire

JANUARY 19, 2023

The report noted that “most bankers reported that residential mortgage demand remained weak.” Boston – Home sales posted further substantial declines in November, and closed sales were down by 20 to 30% on a yearly basis. New York – The residential sales and rental markets showed further signs of cooling in late 2022.

Marketing 448

Marketing Residential Construction Sales 448

Housing Wire

FEBRUARY 9, 2024

In an attempt to reach residential listing portal supremacy, CoStar Group (the parent company of Apartments.com and Homes.com ) will air four advertisements during this Sunday’s broadcast of Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs. The portal wars are heating up.

Commercial 476

Commercial Marketing Residential Branding 476

Housing Wire

NOVEMBER 22, 2021

“Title First has grown into one of the largest independent title agencies in the nation, building strong partnerships across the United States to serve its residential, commercial, and lender customers in their purchase and refinance transactions,” Lessack said in a statement at the time of the acquisition.

Title 482

Title Commercial Closing Branding 482

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

MAY 23, 2024

The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first. As you can see in the chart below, residential construction workers aren’t losing their jobs yet. In this report: 1.9

Sales 497

Sales Marketing Construction Residential 497

Housing Wire

DECEMBER 9, 2020

HW Media, publisher of HousingWire, FinLedger, and producer of Engage Events, today announced it has closed on the strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms. HW Media is owned by Riomar Capital. About REAL Trends.

Branding 539

Branding Residential Brokerage Industrial 539

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

MAY 23, 2024

Freddie Mac ’s head of single-family acquisitions, Sonu Mittal , this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about its impacts on the secondary market. “Six Six out of 10 borrowers are below a 4% mortgage rate.

Equity 459

Equity Closing Mortgages Lending 459

Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. He had a particular focus on residential developers and homebuilders.

Finance 448

Finance Residential Investor Lending 448

Housing Wire

DECEMBER 9, 2024

Residential sale-leaseback platform EasyKnock has abruptly shut down its operations after facing scrutiny from state regulators and being under fire from disgruntled consumers. After many years of serving consumers, EasyKnock has closed its doors, a message on the companys website states. In 2018, the company raised $3.5

Equity 370

Equity Investor Residential Closing 370

Housing Wire

OCTOBER 22, 2024

The company announced the addition of the Maine -based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. According to eXp, the group specializes in residential real estate, fix-and-flips and investment properties.

Agents 433

Agents Residential Technology Development 433

Housing Wire

AUGUST 13, 2024

The letter was in response to the CFPB’s request for information on residential mortgage fees, which the Bureau issued in late May. The comment period for the request for information closed on Aug. of the borrower’s total life-of-loan costs combined.” 2, 2024.

Title 468

Title Mortgages Land Closing costs 468

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. issues, which FundingShield says indicates a lack of appropriate controls by closing agents and lenders to identify and fix issues. “Q1 On loans that exhibited problems, the analysis found an average of 2.22 of transactions.

Loans 476

Loans Title Commercial Residential 476

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.

Equity 443

Equity Mortgages Banks Commercial 443

Housing Wire

JULY 25, 2024

million customers to Mr. Cooper and improve NYCB’s capital level, is expected to close in the fourth quarter of 2024. “We have long respected Flagstar as a mortgage servicer, and we feel very closely aligned with their cultural values.” As part of the deal, the Dallas-based servicer and lender will pay $1.4

Banks 493

Banks Equity Commercial Mortgages 493

Housing Wire

JULY 6, 2022

The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said.

Mortgages 511

Mortgages Investor Loans Residential 511

Housing Wire

SEPTEMBER 1, 2023

The deal is subject to customary closing conditions and regulatory approvals. Before Spring EQ, he founded New Penn Financial , which was sold to Shellpoint Partners and later acquired by New Residential Investment Corp. Schiano has more than 30 years of entrepreneurial experience in the mortgage industry.

Equity 418

Equity Loan Officer Residential Commercial 418

Housing Wire

AUGUST 20, 2024

The deal is expected to close in early 2025. Last year, Wells Fargo chose to exit the home lending correspondent channel and reduce its footprint in residential mortgage servicing. After the deal closes, Trimont expects to manage more than $715 billion in U.S. The parties did not disclose the financial details.

Commercial 448

Commercial Mortgages Lending Banks 448

Housing Wire

MAY 3, 2023

. “Our collaboration will enable us to leverage our strengths and expertise to deliver a digitally integrated and secure closing experience that is sure to exceed buyer expectations.” ” With this partnership, Stavvy and WFG are aiming to provide clients with digital closing solutions and a seamless closing experience.

Title 418

Title Lending Technology Commercial 418