Housing Wire

JANUARY 22, 2024

Rob’s unique background in mortgage includes extensive technology prowess with leading large servicing operations,” Ranieri added. Uniondale, New York-based Ranieri Solutions brought on Rob Lux as its CEO to spearhead the company’s go-to-market efforts for its cloud-native servicing platform.

Technology 450

Technology Principal Commercial Loans 450

Housing Wire

MARCH 5, 2024

Sanjiv Vas, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Kasnet, chairman of Two Harbors, said in a statement.

Principal 444

Principal Commercial Loans Mortgages 444

Housing Wire

AUGUST 26, 2024

When interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing portfolio. trillion unpaid principal balance (UPB). Mr. Cooper estimates it will hold about $132 billion in mortgages at 6% or higher once the acquisition is finalized.

Mortgages 458

Mortgages Banks Debt-to-income ratio Loans 458

Housing Wire

JUNE 26, 2024

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), FOA was the No.

Finance 415

Finance Principal Commercial Equity 415

Housing Wire

MARCH 6, 2024

They also come as the mortgage industry is making efforts to adopt artificial intelligence solutions to improve productivity and better assist customers. Follette, who joined Pennymac 12 years ago, became the company’s senior managing director and chief mortgage operations officer in 2022.

Technology 448

Technology Principal Commercial Mortgages 448

Housing Wire

AUGUST 11, 2022

Likewise, Atlanta-based A ngel Oak Mortgage Inc. , a real estate investment trust focused on nonqualified mortgages, or non-QM, recently announced that it was struggling with red ink — recording a net loss of $52.1 a long-term player in the non-QM mortgage market. Redwood Trust Inc. , The Angel Oak Cos.

Mortgages 397

Mortgages Residential Loans Lending 397

Housing Wire

SEPTEMBER 17, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later. In late July, FOA also posted an infomercial featuring Selleck to its YouTube channel.

Commercial 429

Commercial Finance Branding Principal 429

Housing Wire

FEBRUARY 22, 2022

Lenders who want to thread the needle between the different interests of borrowers, investors and regulators need smart, efficient mortgage software solutions to meet their servicing goals. To increase servicing efficiency, choose mortgage servicing software that: Automates servicing operations Automation is essential for efficient servicing.

Commercial 417

Commercial Investor Loans Mortgages 417

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

MAY 16, 2022

As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights (MSRs), cut costs and diversified revenue stream to survive the mortgage storm. Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2 million from servicing mortgages during that period, up $64.8

Principal 397

Principal Banks Loans Lending 397

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 476

Technology Title Development Lending 476

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.

Banks 397

Banks Commercial Loans Principal 397

Housing Wire

SEPTEMBER 21, 2023

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. The MBA expects mortgage rates should begin to reflect that the Fed’s moves in 2024 will be cuts – not further increases. in 2024 and 5.1%

Banks 448

Banks Mortgages Principal Commercial 448

Housing Wire

MARCH 7, 2024

“And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. KBRA expects fiscal year 2024 issuance for RMBS 2.0

Investor 448

Investor As-is Commercial Equity 448

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. It was conducted by analytics firm SP Group LLC and its subcontractor Econometrica Inc.

Equity 459

Equity Loans Principal Commercial 459

Housing Wire

JULY 19, 2021

Margaret Redman has been named director of national commercial services and senior regional underwriting counsel for North American Title Insurance Co. First American Data & Analytics’ solutions help lenders better identify fraud risks and errors in mortgage applications. Presented by: FADT. Doma saw revenues of $179.8

Title 370

Title Commercial Principal Branding 370

Housing Wire

FEBRUARY 8, 2024

New York-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of the company’s strategy to retain borrowers from its servicing portfolio when interest rates drop. “He Meanwhile, the 30-year fixed mortgage rate was 6.9%

Lending 432

Lending Mortgages Principal Loans 432

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. billion in assets, has a diverse portfolio of residential and commercial real estate assets. a week earlier.

Marketing 418

Marketing Bankruptcy Loans Principal 418

Housing Wire

MARCH 21, 2022

RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. Sponsorship of events can also be deemed illegal if the event is used for marketing or publicizing a real estate or mortgage company’s services. Commercial or business loans. Let’s know about them.

Agents 370

Agents VA loan Land Construction 370

Housing Wire

FEBRUARY 8, 2023

” In the mortgage business, Rithm Capital, formerly known as New Residential Investment , spent part of 2022 integrating its mortgage companies New Rez and Caliber. The company reduced its expenses, dramatically cutting its workforce by 56%, to deal with a shrinking mortgage market. million in the fourth quarter.

Equity 370

Equity Principal Loans Mortgages 370

Housing Wire

JULY 27, 2023

Although the performance was propelled by its servicing portfolio – as occurred in previous quarters – mortgage production returned to profitability. billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31. trillion, still well below normalized levels, as mortgage rates are currently near 7%. trillion to $1.8

Banks 367

Banks Principal Loans Commercial 367

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. But the fact is, most people simply don’t know that a new home can be purchased with a reverse mortgage.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

FEBRUARY 27, 2025

Rocket Companies , the parent of Rocket Mortgage , on Thursday released its latest earnings report in which it recorded net revenue of $1.8 Rocket Mortgage generated $100.8 ” Other Q4 2024 highlights include Rocket Mortgage generating $27.8 billion and GAAP net income of $649 million in the fourth quarter of 2024.

Loans 264

Loans Equity Principal Commercial 264

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. That compares to daily trading volume of $2.7

Marketing 397

Marketing Banks Mortgages Investor 397

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

Loans 370

Loans Pre-approval Mortgages Principal 370

Realty Biz

FEBRUARY 10, 2021

Investors typically focus on either residential or commercial properties. Lower barrier to entry : Commercial property investments generally require sophisticated analysis to evaluate, more money, and complicated financing. Principals identify houses in need of minor repairs or cosmetic refurbishments selling below market costs.

Commercial 113

Commercial Residential Investor Finance 113

Housing Wire

MARCH 5, 2024

Sanjiv Das, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Kasnet, chairman of Two Harbors, said in a statement.

Principal 195

Principal Commercial Loans Mortgages 195

The Close

NOVEMBER 7, 2024

You also want to add overhead expenses like filing your business entity, advertising costs, real estate commissions and finder’s fees, taxes, and mortgage principal and interest. years on a residential investment or 39 years on commercial property, I’m subject to paying the depreciation recapture.

Hard money loan 98

Hard money loan Purchase and sale agreement Investor Due diligence 98

RIS Media

NOVEMBER 30, 2020

The Mortgage Bankers Association (MBA) recently announced the members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) for 2021. “MBA boasts a strong leadership group of professionals from all facets of commercial real estate finance. – Amy Frazey, StanCorp Mortgage Investors.

Commercial 82

Commercial Finance Principal Investor 82

REM Online

MARCH 1, 2021

The original post can be found at the following URL: Myles Strilchuk joins Avison Young commercial mortgage team in Edmonton. Myles Strilchuk has joined Avison Young in Edmonton as a principal. The original post can be found at the following URL: Myles Strilchuk joins Avison Young commercial mortgage team in Edmonton.

Commercial 52

Commercial Mortgages Principal Industrial 52

Marco Santarelli

DECEMBER 22, 2020

Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed. In this article, we shall discuss the various types of mortgage notes and how to invest in them. Mortgage notes are also known as real estate lien notes and borrower’s notes.

Mortgages 122

Mortgages Purchase and sale agreement Fixed-rate mortgage Loans 122

Realty Biz

FEBRUARY 6, 2023

Commercial mortgage-backed securities (also known as CMBS) are a type of fixed-income security forming 2% of the fixed-income market. These are financial investment products on commercial properties, as opposed to residential realty. These are then divided into tranches known as segments.

Commercial 83

Commercial Principal Investor Banks 83

Zolo

AUGUST 13, 2020

Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . I was wondering if you know of any strategies to solve our mortgage interest deduction dilemma. . Property A is our principal residence; property B is an investment property. Why we need to classify debt.

Purchase and sale agreement 82

Purchase and sale agreement Principal Mortgages Loans 82

HomeLight

JULY 25, 2024

Whether you’re eyeing a fixer-upper in Flamingo Park or considering a commercial property along Clematis Street, hard money loans might be your solution. Here are the main points: Short-term loan: Hard money loans are designed to be short-term, usually six months to a few years, unlike a 30-year mortgage.

Hard money loan 115

Hard money loan Home sale contingency Loans Investor 115

RIS Media

OCTOBER 4, 2020

Readers may nominate as many individuals as they like, as well as themselves, and nominees can be from any walk of the residential or commercial real estate industries, including, but not limited to: brokers, agents, service providers, professionals from the mortgage, title, insurance sectors, etc. Impacting change.

Closing 106

Closing Principal Commercial Title 106

HomeLight

AUGUST 28, 2024

Whether targeting a rehab project in Over-the-Rhine or looking at commercial spaces downtown, finding the right financing is key. Faster funding option: Unlike traditional mortgages, which can take 30 to 50 days to close, hard money loans can often be funded within days, making them ideal for time-sensitive deals.

Finance 116

Finance Hard money loan Home sale contingency Loans 116