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 347

Closing Principal Loans Finance 347

Housing Wire

FEBRUARY 10, 2023

Mr. Cooper expects the deal to close mid-year following regulatory approval, but the plan is to go to market in the second half of 2023. Its investments started with the most credit-sensitive residential market segments and have evolved to all U.S. residential markets over the last decade.

Closing 363

Closing Investor Residential Loans 363

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.

Closing 298

Closing Principal Investor Residential 298

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 339

Closing Principal Lending Equity 339

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 353

Closing MLS Residential Construction 353

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 421

Construction Residential Sales Mortgages 421

Housing Wire

AUGUST 6, 2020

“We are excited to be joining the Intercontinental Exchange family and having the opportunity to work closely with Simplifile and MERS in helping our industry to realize the true digital mortgage,” said Jonathan Corr, president and CEO of Ellie Mae. “We residential mortgage industry.”. Based in Pleasanton, Calif.,

Residential 533

Residential Equity Mortgages Industrial 533

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 508

Equity Residential Mortgages Closing 508

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 537

Branding Residential Brokerage Industrial 537

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 378

Fixed-rate mortgage Closing costs Residential Finance 378

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 407

Marketing Residential Construction Sales 407

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 347

Mortgages Lending Banks Commercial 347

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 430

Commercial Marketing Residential Branding 430

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

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 392

Commercial Brokerage Due diligence Title 392

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 332

Mortgages Fixed-rate mortgage Lending Residential 332

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 346

Residential Commercial Finance Loans 346

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 309

Equity Investor Residential Closing 309

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 405

Investor Mortgages Banks Principal 405

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 458

Loans Title Commercial Residential 458

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 477

Banks Equity Commercial Mortgages 477

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 382

Brokerage Residential Branding Mortgages 382

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. They had 108,000, 60,000 and 22,000 more in closed sides than they did the prior year, respectively. HomeServices of America Inc.

Brokerage 504

Brokerage Residential MLS Sales 504

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 369

Investor Principal Mortgages Residential 369

Housing Wire

SEPTEMBER 24, 2022

At least 38 closer/funder positions were eliminated, five closing managers and 35 underwriters. Mortgage loan originators, impacted by the layoff, still had loans in their pipelines and claimed they weren’t paid out as loans don’t get closed until the end of the month. The most heavily impacted position was processors.

Loan Officer 435

Loan Officer Loans Residential Mortgages 435

Housing Wire

FEBRUARY 13, 2024

During an all-hands call Tuesday morning, Academy’s leadership informed employees about the M&A deal , which is expected to close in mid-April. However, most operations and recruiting staff will not be joining the acquirer but will stay employed until April 15, when the deal is expected to close, sources said. billion in MSRs).

Mortgages 457

Mortgages Loan Officer Loans Finance 457

Housing Wire

NOVEMBER 16, 2021

But the merger with NYCB, the top multifamily lender in New York, is not expected to close until sometime next year , as it still needs to be blessed by state and federal regulators. That mortgage business has been driving Flagstar’s robust private-label residential mortgage-backed securities (RMBS) activity so far this year.

Banks 453

Banks Marketing Lending Loans 453

Housing Wire

JULY 18, 2023

The current jobs cut also comes amid rumors that depositary lenders would see changes to their residential mortgage capital requirements under the Basel III regulations. “At U.S. The current rule sets a 50% risk weight on most first-lien residential mortgages. From January to March, the bank originated a $4.47

Banks 370

Banks Mortgages Residential Lending 370

Housing Wire

MAY 13, 2021

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. Still, they functioned well as office spaces. Sheridan received 29 offers on the property, which went pending within five days – and sold for $1.013 million, or 27.4%

Marketing 524

Marketing Residential Sales Closing 524

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 417

Sales Marketing Construction Residential 417

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 362

Agents Residential Technology Closing 362

Housing Wire

JUNE 6, 2024

Its has closed $720 million in home sales since 2020. Its closed sales totaled $80 million in 2023. Over the past two years, the team has closed at $220 million in deals, including $80 million in 2023. It serves San Diego and its surrounding counties, closing $54 million in sales last year. Luu was recognized as the No.

Brokerage 433

Brokerage Closing Agents Sales 433

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 377

Mortgages Residential Construction Lending 377

Housing Wire

APRIL 13, 2023

The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023. The BNC platform is expected to transition to the First Federal branch within a few months of closing. Terms of the transaction were not disclosed. The bank’s production volume more than halved to $1.04

Banks 361

Banks Mortgages Loan Officer Residential 361

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). billion have been completed involving HELOCs as collateral.

Equity 369

Equity Marketing Fixed-rate mortgage Finance 369

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. The residential mortgage loan balance for First Internet was $383.9 million as of December 31, 2022, a 13.7%

Banks 413

Banks Mortgages Lending Commercial 413

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 ).

Equity 366

Equity Loans Residential Banks 366