Housing Wire

NOVEMBER 3, 2023

The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

Lending 426

Lending Principal Finance Loans 426

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal 441

Principal Branding Investor Mortgages 441

Housing Wire

JUNE 16, 2022

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs).

Finance 394

Finance Principal Design Mortgages 394

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). The prefabricated units, which span 361 square feet, are designed to reduce construction costs and minimize environmental impacts.

Construction 455

Construction Principal Design Equity 455

Housing Wire

JULY 10, 2024

Credit rating agency Fitch announced this week that its long-term issuer default rating (IDR) for Finance of America , the reverse mortgage industry’s leading lender, has been downgraded from “CCC+” to “C” following the announcement of a debt restructuring plan that staves off maturity risk beyond 2025.

Principal 422

Principal Finance Mortgages Equity 422

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage.

VA loan 482

VA loan Agents Seller concession FHA loan 482

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 The initial STARC deal of this year, STACR 2022-DNA1, was a $1.4

Principal 364

Principal Loans Investor Residential 364

Housing Wire

MARCH 7, 2024

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 million in fourth-quarter 2023.

Mortgages 418

Mortgages Marketing Equity Finance 418

Housing Wire

JULY 26, 2023

HUD will aim to support researchers as local communities, counties and states seek to find new solutions to housing shortages according to Solomon Greene, principal deputy assistant secretary for policy development and research at HUD. Interested parties can apply through the U.S. government’s online grants portal.

Residential 367

Residential Principal Development Finance 367

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. The company also unveiled a series of new TV spots with former AAG spokesman Tom Selleck.

Commercial 383

Commercial Finance Branding Principal 383

Housing Wire

JULY 3, 2024

The New York Stock Exchange (NYSE) on Wednesday announced that the warrants of Finance of America , traded under the ticker symbol “FOA.WS,” will be delisted from the exchange. The class A common shares traded under the “FOA” ticker symbol, however, will continue to be traded.

Principal 337

Principal Finance Equity Mortgages 337

Housing Wire

JUNE 13, 2022

CIRT 2022-6 involves a covered loan pool composed of 63,000 single-family mortgages with a total unpaid principal balance of about $19.3 The agency pays monthly premiums in exchange for insurance coverage on a portion of the designated reference loan pools. billion — based on a tally of the announced CIRT deals.

Fixed-rate mortgage 395

Fixed-rate mortgage Loans Principal Mortgages 395

Housing Wire

MAY 27, 2022

“Creditors who use complex algorithms — including artificial intelligence or machine learning technologies — to engage in credit decisions must still provide a notice that discloses the specific, principal reasons for taking adverse actions,” CFPB said in a news release. There is no exception,” it added. Presented by: Mortgage Coach.

Lending 448

Lending Principal Technology Mortgages 448

Housing Wire

MARCH 3, 2022

. “Whether it is a natural disaster, a job loss, or an illness, forbearance is wildly effective,” John Lawrence, executive vice president of the Texas-based servicer Selene Finance , said last week during the Mortgage Bankers Association (MBA) Servicing Conference in Orlando. So, it may start to come down.

Principal 370

Principal Loans Lending Finance 370

Housing Wire

DECEMBER 17, 2024

The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic. billion through the end of June 2024.

Loans 376

Loans Sales Principal Design 376

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Industrial 392

Industrial Banks Loans Design 392

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer.

Principal 370

Principal Technology Agents Design 370

Housing Wire

JANUARY 8, 2021

Department of Housing and Urban Development and as the principal executive vice president of Ginnie Mae. So it’s really designed to support the integrity and appeal of all the eMortgages and reduces and eliminates the burden on providers for individual assessment certification and approval.

Development 482

Development Technology Industrial Principal 482

Housing Wire

NOVEMBER 1, 2024

We’re excited to share that the FHFA ( Federal Housing Finance Agency ) pilot is expanded to all sellers who do business with Freddie Mac. Over the next few months, sellers will have the opportunity to opt in for the full year 2025.

Loans 357

Loans Principal Finance Closing 357

Housing Wire

OCTOBER 1, 2024

Properties in PDMDAs which have pending loans or endorsements, and which have been designated for individual assistance, must have “a damage inspection report that identifies and quantifies any dwelling damage.” The notice lists relevant guidance found in FHA’s Single-Family Housing 4000.1

Inspection 471

Inspection Pre-approval Loans Principal 471

Housing Wire

APRIL 11, 2024

The move, which will effectively allow local and federal authorities to share control of the organization, is designed to “restore public confidence in and accountability over” IHA, according to HUD. While all parties will work together, HUD retains ultimate authority over IHA’s recovery,” the announcement of the CEA stated.

Principal 440

Principal Development Design As-is 440

Housing Wire

DECEMBER 8, 2023

There have also been new developments in lifesaving medications designed to work against a drug overdose, particularly since fentanyl has emerged as a leading substance involved in an increasing number of overdose deaths, according to Marion McFadden, HUD Principal Deputy Assistant Secretary for Community Planning and Development.

Principal 410

Principal Development Design As-is 410

Housing Wire

MARCH 23, 2022

We expect it to be a challenging [mortgage] market from a volume perspective due to interest rates and credit spreads,” said David Pelka, head of RMBS business and a principal at CarVal. The loans may include interest-only , 40-year terms or other creative financing features often designed to lower monthly payments.

Banks 394

Banks Bankruptcy Loans Investor 394

Housing Wire

DECEMBER 13, 2024

is designed to enable the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement. As the white paper explains, FHA-insured forward mortgages require servicer advances of monthly scheduled principal and interest. These solutions include new securitization programs like HMBS 2.0

Bankruptcy 343

Bankruptcy Loans Investor Banks 343

Housing Wire

SEPTEMBER 14, 2023

That record provides pool-level aggregate information about the extent of loans and unpaid principal balance (UPB) dollars that are in low- and moderate-income areas, with a chart illustrating the percentage of loans, percentage of UPB of ESG-flagged pools and/or loans and totals of the total portfolio over the last 12 months.

Investor 412

Investor Principal Loans New Construction 412

Housing Wire

JULY 11, 2024

” Under the settlement terms, within six months, the foundation will establish the “Pathways to Success Scholarship Fund,” designed for aspiring appraisers to attend the Practical Applications of Real Estate Appraisal (PAREA) program, which is a way to fulfill their required experience.

Principal 393

Principal Development Equity Industrial 393

Housing Wire

JULY 30, 2024

Enter the commission sharing websites — websites specifically designed for agents and brokers to quickly and easily find out if the seller of a property is offering to cover the buyer’s broker fees. We also aren’t getting data from the MLS, which is prohibited in the settlement— it is user generated content.”

MLS 458

MLS Technology Agents Design 458

Housing Wire

AUGUST 1, 2023

Our asset management strategy is designed to make these yields available to institutional investors while continuing to grow our customer base and operational scale,” Marshall said. “We continue to see significant volumes of MSRs trading in the marketplace with attractive yields.

Principal 370

Principal Investor Mortgages Closing 370

Housing Wire

APRIL 27, 2023

The growth of EarnUp follows a surge in interest from companies seeking smart programs designed to help employees achieve a more well-rounded financial picture. The company says it processed more than 50 million payment transactions worth $43 billion in total as of Q1 2023.

Technology 366

Technology Lending Principal Loans 366

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. In Cincinnati, hard money loans offer a unique and flexible way to finance real estate investments. Cincinnati’s real estate market offers plenty of opportunities for investors.

Finance 116

Finance Hard money loan Home sale contingency Loans 116

Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. The money can be used for mortgage payment assistance or mortgage principal or interest rate reductions. He is afraid of losing his home. Up to the task? billion at its peak in February 2021.

Pre-approval 398

Pre-approval Loans Mortgages Principal 398

Housing Wire

NOVEMBER 1, 2024

This course covers real estate law, contracts, finance and ethics. For example, a designated broker is someone who owns a real estate firm and oversees business activities, such as hiring and managing other brokers, agents and office staff. Broker-in-charge or Principal broker : These roles most closely align with designated brokers.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

SEPTEMBER 9, 2021

From ordering food to buying goods to managing their finances, consumers can do it all from the palm of their hand, without ever having to leave their house. Phil King is vice president, principal product manager, EXOS Valuations at ServiceLink. And why shouldn’t they? Why should the mortgage process be any different?

Mortgages 445

Mortgages Technology Inspection Closing 445

Housing Wire

AUGUST 26, 2024

trillion unpaid principal balance (UPB). Additionally, Mr. Cooper ranks as the fourth-largest holder of MSRs, considering both whole loan portfolios and servicing rights, with $676 billion at the end of June—an increase of 70% over two years, according to Inside Mortgage Finance. Cooper had become the largest U.S.

Mortgages 430

Mortgages Banks Debt-to-income ratio Loans 430

Housing Wire

MARCH 27, 2023

The deals, which include over $31 billion in single-family mortgage loans, are designed to reduce risk to taxpayers by increasing the role of private capital in the mortgage market. These are the second and third CIRT deals of 2023. billion.

Loans 349

Loans Principal Mortgages Design 349

Housing Wire

JUNE 5, 2024

As of December 31, 2023, and December 31, 2022, the UPB [unpaid principal balance] of loans subject to repurchase requests issued to our single-family sellers and servicers [versus loans actually repurchased] was approximately $0.5 The Freddie pilot utilizes a fee-based system designed to reward lenders that deliver high-quality loans.

Loans 421

Loans Mortgages Industrial Principal 421

Housing Wire

FEBRUARY 8, 2024

Accreditations and designations Highlight your professional credentials and any special designations you’ve earned. Buzzwords to use Try these buzzwords and phrases to reference your accreditations and designations: “Jane Doe is a member of the REALTOR® Association of Pittsburgh.” “In

Agents 431

Agents Construction Design Branding 431