Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. Bids for the FNA 2022-RPL4 offering are due by Sept.

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Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

JANUARY 23, 2024

The Santa Ana, California-based financial services company provides solutions including due diligence services, property valuations, mortgage fulfillment and consulting and advisory services. Terms of the deal were not disclosed.

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Due diligence Residential Real-estate owned Lending 468

Housing Wire

MAY 20, 2022

The residential mortgage origination process is very complex and origination and underwriting mistakes can be very costly, so lenders need to make sure they’re mitigating every possible risk related to the borrower and property. That’s why due diligence is a critical element of every mortgage transaction.

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Due diligence Loans Residential Technology 413

Housing Wire

OCTOBER 19, 2021

The historic mortgage boom spurred by the pandemic hasn’t just been a blessing for lenders – the slew of mortgage loan-trading platforms have also reaped the rewards of historic origination volume. On these platforms, originators can lock down the best loan price from various buyers, typically asset managers and institutional investors.

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Loans Due diligence Mortgages Investor 379

Inman

MAY 22, 2023

Resolute Diligence Solutions specifically focuses on due diligence for single-family rentals and for residential transition loans and will help Setpoint beef up its technology platform.

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Due diligence Residential Technology Loans 174

Housing Wire

JULY 11, 2024

The firms say this is especially useful in the “current volatile market “ as it shortens the timeline for trades, streamlines the due-diligence process and offers “instantaneous settlement.“ Investors gain added insights into the performance of their portfolios at a lower cost.

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Due diligence Mortgages Investor Technology 434

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend.

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Due diligence Mortgages Loans Residential 431

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

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Loans Marketing Due diligence Residential 392

Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. Executives with TPR firms and the bond-rating agencies that make use of their due-diligence reviews agree the problem is a big challenge.

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Due diligence Mortgages Technology Loans 395

Housing Wire

JUNE 10, 2024

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. He previously managed a portfolio of business-purpose loans and nonqualified mortgages with a value of more than $2 billion.

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Lending Due diligence Finance Loans 343

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s an open platform.

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Due diligence Mortgages Equity Loans 476

Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. In the intervening years, the makeup of the RMBS market has changed significantly and, today, Fannie Mae , Freddie Mac , and Ginnie Mae are responsible for approximately 99% of RMBS issuance.

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Due diligence Marketing Investor Finance 418

Housing Wire

JUNE 3, 2024

State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available. Congress passed the SAFE Act, requiring mortgage loan originators to be registered and licensed. The final rule is effective on Sept. In 2008, the U.S.

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Due diligence Banks Mortgages Lending 460

Housing Wire

DECEMBER 30, 2024

Non-QM loans are utilized primarily by entrepreneurs and other self-employed individuals who dont have the necessary documentation to qualify for Freddie and Fannies conventional mortgages. Non-QMs are attractive because they have strong credit quality, low loan-to-value ratios, and stable origination volumes.

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Banks Due diligence Residential Investor 390

Housing Wire

JANUARY 5, 2022

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. Nobody else has done loan-defect insurance for securitizations yet.”.

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Due diligence Marketing Loans Mortgages 413

Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

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Title Lending Due diligence Title search 313

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

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Due diligence Marketing Mortgages New Construction 431

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. In addition, UBS knew that property values associated with the loans were unsupported, the DOJ claimed. The settlement with the U.S.

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Due diligence Banks Loans Investor 366

Housing Wire

JANUARY 13, 2023

In addition, secondary market investors continue to show interest in well-underwritten, higher-rate loans secured by single-family rental properties. million offering backed by 842 loans, OBX 2023-NQM1 Trust, which is sponsored by Onslow Bay Financial, according to abond presale report released by Kroll Bond Rating Agency (KBRA) on Jan.

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Marketing Investor Due diligence Loans 448

Housing Wire

JUNE 2, 2022

Ginnie announced earlier this year that its Innovation Lab is exploring the use of blockchain and distributed-ledger technologies for potential future use in loan-pool issuance, servicing and bond management. “And on the other side, you see, well, that just means I’m going to make less when making a loan.

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Equity Due diligence Technology Investor 418

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We

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Banks Mortgages Due diligence Technology 432

Housing Wire

DECEMBER 3, 2021

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand.

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Due diligence Loan Officer Banks Industrial 397

Housing Wire

APRIL 8, 2022

That’s what it looks like to some of the experts behind the scenes who are responsible for rating and conducting due diligence on private label securities (PLS) offerings. Therefore, you would expect the loans being securitized in transactions during Q1 2022 to have been largely originated during late 2021,” he explained.

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Marketing Due diligence Investor Loans 367

HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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Due diligence Inspection Title Pre-approval 105

RIS Media

MAY 26, 2023

Setpoint has acquired Resolute Diligence Solutions, a due diligence provider focused on Single Family Rental (SFR) and Residential Transition Loans (RTL). … The post Setpoint Acquires Resolute Diligence Solutions appeared first on RISMedia.

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Due diligence Lending Residential Technology 111

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Zoning determines land use, such as residential, commercial, or agricultural.

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Land Due diligence Title search Finance 128

Realtor.com

AUGUST 13, 2020

This is presuming you aren’t planning to make an all-cash offer to a seller, but rather need a loan to make your goal of home buying happen. In fact, securing a loan is the most common holdup in buying a house. In fact, securing a loan is the most common holdup in buying a house. Step 2: Find your dream home.

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Pre-approval Pre-qualification Due diligence Loans 143

Realty Biz

JANUARY 25, 2023

Acquiring residential rental properties is a great way to build wealth and generate passive income. The following are some things to keep in mind when acquiring residential rental properties. Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence.

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Due diligence Hard money loan Property Management Finance 94

The Close

NOVEMBER 7, 2024

Do your due diligence on the property, and show up ready to bid. Visit Zillow Step 4: Evaluate Potential Properties Once you’ve spotted potential real estate investment properties, you must dig into the details before moving (aka due diligence). Conventional loans: These can be obtained from a credit union or a bank.

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Hard money loan Purchase and sale agreement Investor Due diligence 92

Realty Biz

SEPTEMBER 26, 2023

Due diligence: The platform conducts due diligence on the projects listed, ensuring they meet specific criteria and align with industry standards. Conducting thorough due diligence on the platform and the projects listed is crucial to mitigating potential risks.

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Due diligence Commercial Investor Equity 82

Realty Biz

OCTOBER 5, 2022

If the interest rate is likely to go up later (balloon payment or adjustable mortgage), run the numbers for the worst-case scenario before committing to the loan. Also, there is no substitute for your own due diligence. Due proper due diligence. Be conservative in your cost estimates and schedule.

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Due diligence Inspection Investor Residential 96

Marco Santarelli

FEBRUARY 1, 2023

Some conventional IRA experts say that it is better to stay away from investing in real estate through IRAs due to the strict government control over them and the hefty penalties imposed on wrongful transactions. Neither you personally nor other disqualified persons can give a loan to the IRA for making any investment or purchase.

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Due diligence Property Management Investor Finance 98

HomeLight

MAY 26, 2021

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. Simply put, they want to make sure your new home is worth the loan they’re providing. Why is the appraisal so important to your lender?

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Inspection Residential Due diligence Title search 105

Realty Biz

NOVEMBER 14, 2023

Focus on Income-Producing Properties In times of market correction, income-generating properties such as multifamily units and commercial real estate tend to fare better than speculative residential investments. Yet, careful due diligence is essential to understand these properties' potential risks and costs well.

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Due diligence Marketing Investor Finance 91

HomeLight

MARCH 4, 2021

While homeownership is a common starting point for many hopeful investors, there are myriad types of real estate investments worth having on your residential radar. There are four main categories of real estate investing: Residential (buildings that house people). Mixed-use properties with both residential and commercial space.

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Investor Land Lending Residential 111

HomeLight

OCTOBER 27, 2020

You’ve made an offer on your dream house, the inspection didn’t raise any serious issues, so now you only have to get the home appraised and wrap up your home loan, and you can start planning your move. A mortgage is a secured loan — the house and land it sits on serve as collateral for the loan. An investment deal on the line.

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Banks Due diligence Loans Inspection 111

Realtor.com

JANUARY 12, 2021

For example, the buyer has specific obligations called contingencies, which include things such as loan approval, home inspection, and a home appraisal. There are also things that can and do happen between the time a house goes under contract and the closing that may give a seller options.

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