Housing Wire

MAY 3, 2022

Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap. The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. Point raised about $30.4

Equity 459

Equity Investor Loans Residential 459

Housing Wire

APRIL 25, 2024

Pending home sales increased by 3.4% Sales were essentially flat compared to one year ago. NAR’s Pending Home Sales Index increased to 78.2 New-home sales jumped by 8.8% New-home sales jumped by 8.8% Meanwhile, existing-home sales receded by 4.3% million home sales in 2024, a 9% increase from 2023.

Sales 482

Sales MLS Equity Investor 482

Housing Wire

JUNE 5, 2024

“Our core focus is on creating a modern retirement that centers on home equity, and we will continue to make decisions that strengthen our platform and our ability to deliver for our customers, teammates, and investors,” she said. It was not specified how many employees nor which specific divisions were impacted.

Finance 482

Finance Sales Equity Mortgages 482

Housing Wire

MARCH 6, 2024

A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers.

Equity 442

Equity Mortgages Banks Commercial 442

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

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 393

Investor Sales Mortgages Loan Officer 393

Housing Wire

APRIL 8, 2021

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Over the past five years, more than $1.2

Equity 459

Equity Short sale MLS Sales 459

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

Equity 397

Equity Residential Loans Title 397

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech firm Unison plans several securitization deals to market in 2022, with private label offerings backed by home-equity assets. Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation.

Equity 368

Equity Marketing Investor Finance 368

Housing Wire

JUNE 20, 2024

At the same time, the company’s chief retail sales officer elected to voluntarily leave FOA, according to company president Kristen Sieffert. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), FOA was the No.

Finance 459

Finance Investor Mortgages Equity 459

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

Sales 435

Sales New Construction Equity Construction 435

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Debt-to-income ratio 459

Debt-to-income ratio Mortgages Banks Investor 459

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably. From NAR: Total existing-home sales waned 7.7%

Sales 531

Sales Mortgages Principal Short sale 531

Housing Wire

SEPTEMBER 14, 2021

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors.

Equity 257

Equity Mortgages Finance Industrial 257

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

Mortgages 459

Mortgages Marketing Loans Equity 459

Housing Wire

JUNE 4, 2024

Home Equity Conversion Mortgage (HECM) endorsements increased by 16.9% Equity takeout cases — loans that are neither purchases nor refinances — also dipped slightly by 0.9%, while purchases declined by 0.5%. Spreads have tightened and investor interest has improved for both HMBS and HECM buyout securitizations,” McCully said. “An

Mortgages 458

Mortgages Equity Loan Officer Loans 458

Housing Wire

NOVEMBER 10, 2023

Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. Home sales were down 23% year over year, but all-cash deals only fell 11%, according to Redfin’s analysis. mortgaged home sales, up from 14% a year earlier but down from 16.3% respectively. in April 2023.

FHA loan 468

FHA loan VA loan Mortgages Loans 468

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 Development Title Lending 476

Realty Biz

AUGUST 21, 2023

In the real estate market of 2023, savvy investors with a little cash on hand are well situated to bring in healthy profits. Savvy investors have a tax strategy planned out before they invest their first dollar. Another way is to use the profits from your property sales for “investment intent.”

Investor 97

Investor Equity Loans Sales 97

Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). I’m sure you’ve seen the for sale sign in the yard at (address).

Brokerage 466

Brokerage Investor Agents Pre-approval 466

Housing Wire

FEBRUARY 7, 2024

The stress is leading to the bank to seek the sale of some of its assets to improve its capital position, executives said during a conference call on Wednesday morning. According to a Bloomberg report, the bank has already started to offer its mortgage assets to investors in order to transfer the portfolio risks.

Mortgages 468

Mortgages Banks Marketing Commercial 468

Realty Biz

SEPTEMBER 14, 2022

If you’ve ever purchased a home, you’re probably familiar with the term “equity” and what it means. When it comes to buying a house, your down payment is the initial equity you have in the property. Some of the investors will have preferred equity — a financing solution that provides an opportunity to leverage more capital.

Commercial 93

Commercial Equity Investor Finance 93

Housing Wire

JUNE 18, 2024

The pandemic fast-tracked customer self-serve modernization so lenders could empower the homeowner while also managing compliance and investor risk. Lesson 2: Align servicers, investors, policymakers, and regulators around consumer-first protections that deliver throughout the entire cycle.

Mortgages 443

Mortgages Technology Investor Industrial 443

Housing Wire

AUGUST 16, 2022

Blue Water provides asset valuation, MSR distribution, MSR hedging and digital solutions to MSR investors and mortgage lenders. ” Blue Water is controlled by Rice Park Capital Management , a private equity firm headquartered in Minneapolis. .” Qureshi will continue to lead Blue Water following the acquisition, Voxtur said.

Technology 396

Technology Equity Investor Construction 396

Housing Wire

NOVEMBER 1, 2022

This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said. Sales Boomerang and Mortgage Coach merged in June, six months after private equity firm LLR Partners invested $80 million in both firms.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

Broke Agent Media

APRIL 26, 2023

BAM Key Details: A new Redfin report finds real estate investors lost money on about one of every seven (13.5%) U.S. home sales that closed in March sold for less than the seller originally paid for it. home sales that closed in March sold for less than the seller originally paid for it. for investors. for investors.

Investor 98

Investor Sales Mortgages Closing 98

Housing Wire

FEBRUARY 28, 2024

In a response to a question from an investor during a recent earnings call, Penn said that the company remains strongly committed to Longbridge and the reverse mortgage business. Penn reminded investors on the call that Ellington reports Longbridge’s origination income as a component of its adjusted distributable earnings.

Mortgages 448

Mortgages Investor Equity Branding 448

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. The mortgage debt-to-income ratio is near a four-decade low and homeowner equity is at a historic high. The combination of these factors has some feeling 2008 déjà vu. Moderation, not bust.

Debt-to-income ratio 397

Debt-to-income ratio Equity Pre-approval Finance 397

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight. So you’re having to encourage investors with wider spreads to accept that.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

NOVEMBER 7, 2023

They would still have to meet the capital requirements that apply to portfolio lending for the period between origination and sale and then cover a meaningful new capital charge on the fee income from the sale. Nor would banks be able to improve their economics by distributing their mortgages into the mortgage-backed securities market.

Banks 476

Banks Mortgages Marketing Lending 476

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. “The million to $23.7

Purchase and sale agreement 370

Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. UWM in March also launched a bank statement product for self-employed borrowers and loans for real estate investors.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

FEBRUARY 1, 2023

This includes making payments, analyzing and adjusting tax and insurance escrow accounts in real-time, requesting and processing help for hardships, and viewing and taking action on home value and available home equity. And its product and customer success teams have responsibility for sales and growth.

Mortgages 493

Mortgages Technology Investor Equity 493

Housing Wire

APRIL 26, 2022

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

Due diligence 476

Due diligence Mortgages Equity Loans 476

Housing Wire

OCTOBER 6, 2021

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. Better said at the time that the transaction reflects “an implied equity value for Better of approximately $6.9

Purchase and sale agreement 435

Purchase and sale agreement Investor Equity Loans 435