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Private-label loan-vetting comes up short

Housing Wire

As part of that, it’s important to understand that the due-diligence reviews performed on loan pools assembled for securitizations often make use of a process called loan sampling. The concept is simple: A random sample of loans is selected for due-diligence review from a larger pool of loans that often numbers in the thousands.

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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

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?

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Competition for mortgage underwriters has never been fiercer

Housing Wire

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And there’s just no way for due-diligence to really compete with that.”.

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Dunmor adds to its business-purpose lending team

Housing Wire

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space. Pham has 23 years of marketing experience in the real estate and finance sectors.

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New MISMO standards are critical to a growing PLS market

Housing Wire

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. Fortunately, MISMO , the real estate finance industry’s standards organization , is here to help market participants navigate any uptick in PLS activity from a data perspective.

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Shoring up the mortgage underwriter shortfall

Housing Wire

The imbalance has been particularly acute for third-party due diligence (TPR) firms that employ underwriters to review and assess the quality of loan pools used as collateral in private-label securitization deals. He also said his firm is working to “modularize” its approach to due-diligence reviews in the private-label space.