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. million in fourth-quarter 2023.

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 386

Investor Sales Mortgages Loan Officer 386

Housing Wire

JULY 22, 2024

The lender said its newest offering “garnered interest from a broad set of institutional investors” and wound up selling out. Like its prior deals, this one includes a two-year revolving period during which investors can reinvest their principal returns to purchase newly originated loans.

Loans 458

Loans Closing Investor Principal 458

Housing Wire

JULY 30, 2024

On Monday, the mortgage lender and servicer said that its debt offering to qualified investors through subsidiary Nationstar Mortgage Holdings will bear an annual interest rate of 6.5% ” According to the agency, Mr. Cooper’s leverage — calculated as debt to tangible equity — was 2.1 that is payable semiannually.

Principal 482

Principal Banks Investor Mortgages 482

Housing Wire

JUNE 18, 2024

million in aggregate principal amount available for 30 days to cover over-allotments. BTIG analysts Eric Hagen and Jake Katsikas estimate that the debt offering will bring the company’s total unsecured debt stack to $850 million, supported by about $1 billion in stockholder equity. The offering can be increased by $12.75

Closing 439

Closing Principal Lending Equity 439

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. and former U.S.

Mortgages 412

Mortgages Loan Officer Investor Loans 412

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 408

Equity Lending Technology Principal 408

Housing Wire

DECEMBER 6, 2023

The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. In October, HousingWire reported that Freedom Mortgage and PennyMac Mortgage Investment Trust moved to raise money through debt offerings with high investor demand. In total, $1.8

Principal 434

Principal Equity Mortgages Investor 434

Housing Wire

JULY 1, 2024

Lucie Realtors Donna Schmidt Chief Executive Officer DLS Servicing Donna DelMonte Executive Vice President of Operations LoanStream Mortgage Erica Acie Head of Retail Originations Truist Erica Vigen Senior Product Manager, Real Estate Analytics Clear Capital Erin Sheckler Head of National Commercial Services Stewart Erin Wester Vice President of Product (..)

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

DECEMBER 7, 2023

California-based Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected, the company announced Thursday. According to the company , the offering size was increased from the previously announced $650 million aggregate principal amount of notes.

Principal 391

Principal Equity Investor Mortgages 391

Housing Wire

JUNE 3, 2022

Lakeview Trust 2022-EBO 2 involves a pool of 2,063 FHA-backed loans with an unpaid principal balance (UPB) of $405.2 Key to EBO offerings is the fact that the FHA guarantees 100% of the principal balance on the loans it insures. million, with all the loans deemed delinquent. In total, 99.3% are in active foreclosure. million to $13.2

Loans 418

Loans FHA loan Principal Marketing 418

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

OCTOBER 26, 2021

Existing investors TTV Capital , Prudence , and Rotor Capita l participated in the round, as well as Wells Fargo Strategic Capital. million in equity and $24 million in debt – valued the company at $450 million. The company will not own the loans but sell to investors, picking up the spread. appeared first on HousingWire.

Mortgages 397

Mortgages Loans Principal Investor 397

Housing Wire

FEBRUARY 3, 2022

Incenter completed a dozen bulk sales transactions in January involving MSRs for agency-backed loan pools that together had a total unpaid principal balance of $113.2 In fact, five of the deals involved MSRs pegged to loan pools that exceeded $10 billion in unpaid principal balance. Another private-equity player in the MSR space is St.

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

JULY 15, 2021

In the end, the company makes money by charging a fee off the principal of the loan — paid for by the lender. Cofounder Nora Apsel said Morty’s funding came entirely in the form of equity, and that the company has raised more than $38 million to date. For repeat buyers purchasing single-unit homes, the minimum down payment is 5%.

Principal 397

Principal Loans Equity Mortgages 397

Housing Wire

APRIL 5, 2022

The offering is slated to close April 8, according to a presale review by the Kroll Bond Rating Agency (KBRA) and involves transferring a portion of the reference loan-pool risk to private investors through the CAS real estate mortgage investment conduit, or REMIC. The initial Fannie CRT deal of 2022, CAS 2022-R01, involved a $1.5 billion.

Loans 397

Loans Investor Equity Residential 397

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.”

Development 458

Development Industrial Mortgages Fixed-rate mortgage 458

Housing Wire

JULY 28, 2023

Banc of California and PacWest announced on Tuesday an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners to create a bank with $36 billion in assets. billion in loans or sell them to investors. The bank entered into an agreement to buy $1.8

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

Housing Wire

JANUARY 24, 2025

Fitch noted that mortgage insurance does not cover claims principally caused by physical damage, including wildfires, floods or other natural disasters, but is designed to protect against borrower credit default. Exposure levels for other loan types, including prime mortgages and home equity loans, were less than 1%.

Mortgages 368

Mortgages Principal Loans Equity 368

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.

Commercial 424

Commercial Finance Branding Principal 424

Housing Wire

OCTOBER 28, 2020

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms.

Principal 371

Principal Investor Equity Technology 371

Housing Wire

AUGUST 9, 2022

The contribution from the digital home equity line of credit (HELOC) to increase revenues in 2022 will be “modest,” as it will be launched by the fourth quarter, Martell said. The unpaid principal balance of the servicing portfolio increased 1.2% The unpaid principal balance of the servicing portfolio increased 1.2%

Closing 497

Closing Principal Lending Loans 497

Housing Wire

MARCH 10, 2022

Two similar past issuances, one in 2015 and another last year, also were sponsored by Lakeview, according to a US Bank trust investor report. Ginnie, however, guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. A fourth such transaction, a $370.7

Mortgages 391

Mortgages Principal Loans FHA loan 391

Housing Wire

JUNE 9, 2021

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 515

Banks Lending Loans Principal 515

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. The crisis is calibrated to hit those most in need.”

Land 508

Land Principal Mortgages Equity 508

Housing Wire

DECEMBER 13, 2024

Importantly, the association said that the recent development of Ginnie Maes new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) product known as HMBS 2.0 The trade group acknowledged that investor demand for such a product is likely to be small, but this doesnt mean it couldnt make a difference.

Bankruptcy 368

Bankruptcy Loans Investor Banks 368

Housing Wire

AUGUST 7, 2023

“I am pleased to share that in the second quarter we grew market share, grew agent count and grew margin while delivering positive free cash flow and strengthening our cash position,” Reffkin told investors and analysts listening to Compass’ second quarter earnings call Monday evening. “We for the quarter, up 13 basis points from Q1 2023.

Brokerage 370

Brokerage Principal Title Equity 370

Housing Wire

JULY 23, 2024

PennyMac Financial generated strong earnings in the second quarter with an annualized operating return on equity of 16%,” chairman and CEO David Spector said in prepared remarks. billion in unpaid principal balance (UPB) at the end of June, up 2% on a quarterly basis and up 10% on a yearly basis. By comparison, servicing generated $4.9

Technology 448

Technology Loans Principal Mortgages 448

Housing Wire

JANUARY 13, 2021

Many of these challenges persist today, while new ones – like post-forbearance credit reporting, investor and year-end reporting for deferred balances – continue to arise. Investor reporting. The impact of deferral plans on investor reporting is a critical issue that needs to be addressed. Current and approaching challenges.

Mortgages 488

Mortgages Investor Loans Technology 488

Housing Wire

JANUARY 12, 2024

Principal among these are: Invested capital “requires” the highest return. Investors’ No. Develop “community pools” and shared equity models to break the dependence on intransigent and predatory financial institutions. Intransigent capital is the clear answer and the usual suspect. 1 job is to optimize shareholder value.

Finance 448

Finance Residential Principal Development 448

Housing Wire

DECEMBER 29, 2023

Jon Overfelt, director of sales and principal at American Security Mortgage Corp. Home equity is really a no-brainer today. . Brady Thomas , branch manager at American Pacific Mortgage Home equity products will continue to be attractive options for homeowners looking for specific needs.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

AUGUST 2, 2021

Mortgage Investors Group. Principal and Chair, Financial Instituions Regulatory Practice Group. Bay Equity Home Loans. Equity Prime Mortgage. Nexsys Technologies. Cheryl Marchant. SVP, Servicing Management. Freedom Mortgage. Chris Lagerblade. LHM Financial Corporation. Chrissi Rhea. CEO/President. Chrissy Zotzmann Brown.

Title 418

Title Lending Finance Technology 418

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

JANUARY 11, 2024

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Lending 459

Lending Bankruptcy Mortgages Principal 459

Housing Wire

FEBRUARY 8, 2024

” Two Harbors’ origination business will hedge its servicing portfolio of $216 billion in unpaid principal balance (UPB) as of Dec. While rates are still high, Two Harbors will work with second liens and home equity products through its origination business. Meanwhile, the 30-year fixed mortgage rate was 6.9%

Lending 430

Lending Mortgages Principal Loans 430

Housing Wire

DECEMBER 3, 2020

Even when the inherited property is being used as a principal residence, if it is sold for $1 million more than the property’s taxable value, the property assessment will increase. For example, senior citizens don’t have to “succumb to a reverse mortgage” and can instead sell their home and retain equity, she said.

VA loan 428

VA loan Principal Equity Residential 428

Keeping Current Matters

AUGUST 18, 2021

While the principal and interest of a monthly mortgage payment remain the same over the lifetime of the loan, rents increase almost every year. Whether you’re a homeowner or an investor, real estate builds wealth through growing equity year-over-year. Today, that equity buildup is substantial. Owners build their wealth.

Equity 319

Equity Principal Sales Construction 319