Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S.

Investor 476

Investor Mortgages Banks Principal 476

Housing Wire

SEPTEMBER 25, 2024

Foreign investors can help fill the buyer gap Florida remains the top destination for foreign buyers, with 20% of all foreign buyers purchasing in the state, according to the 2024 NAR report. This is an interesting statistic to watch because foreign investors face different barriers to buying than their domestic counterparts.

Investor 448

Investor New Construction Construction Residential 448

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

JULY 18, 2024

launched on Wednesday to serve international investors in U.S. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

Investor 460

Investor Lending Construction Technology 460

Housing Wire

SEPTEMBER 21, 2023

Rates and Residential Mortgage-Backed Securities (RMBS) Conference in Tokyo, Japan , addressing Ginnie Mae mortgage-backed securities (MBS) potential value for investors and the company’s recently expanded social impact and sustainability work. “As and that the new program updates provide investors with an opportunity they have long sought.

Investor 435

Investor Mortgages Residential Finance 435

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investor 448

Investor As-is Commercial Equity 448

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

Investor 468

Investor Lending Equity Mortgages 468

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. These moves, he said, helped demonstrate to investors that the company had its priorities clearly in mind.

Investor 370

Investor Mortgages Bankruptcy Equity 370

Housing Wire

MARCH 20, 2024

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

Investor 482

Investor Residential Agents MLS 482

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. He added that Splitero was looking for other investors and hinted that the company would have some good news to share soon.

Equity 448

Equity Investor Loan Officer Finance 448

Housing Wire

OCTOBER 3, 2024

The Midwest and Northeast regions seem to be the new hot spots for real estate investors. 1 spot among the best destinations for real estate investors this year. This trend signified a strong market for investors with little to no turnover among tenants. Dayton, Ohio, holds the No.

Investor 432

Investor Marketing Finance 432

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. SK: Construction lending is extremely complex, and in which banks have traditionally been the dominant players.

Marketing 476

Marketing Construction Investor Finance 476

Housing Wire

MAY 21, 2024

This increased demand is resulting in tighter credit spreads for private label, non-QM RMBS securitizations; increased prices for a broad range of mortgage loans including seconds, home equity agreements, bridge loans, and alternative documentation loans; and strategic transactions between investors and originators.

Residential 488

Residential Equity Mortgages Purchase and sale agreement 488

Housing Wire

JANUARY 24, 2024

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement. housing.”

Investor 492

Investor Lending Loans Finance 492

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. The same story holds true for personal finance.

Equity 474

Equity Investor Residential Finance 474

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Residential 435

Residential Lending Finance Investor 435

Housing Wire

JANUARY 3, 2025

As a result, modular construction has become the most effective solution for addressing developers needs for sustainability and business integrity, while avoiding costly premiums that decelerate value for housing investors and buyers within todays tight lending market.

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Development Construction Finance Investor 435

Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

JULY 11, 2024

Today’s market conditions help illustrate the case for green, factory building as an effective solution for developers , especially for those who’ve put projects on hold due to rising interest rates and dried up investor pools. Energy efficient homes open the door to new and better financing options. homes across the U.S.

Development 434

Development Construction Finance Investor 434

Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

Mortgages 488

Mortgages Finance Loans Equity 488

Housing Wire

OCTOBER 18, 2024

“We have an investor who won’t do any deals in Florida or near major bodies of water.” Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). “I’m not surprised. Condos are hard.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

Housing Wire

JULY 15, 2024

On Thursday, the firm announced the return of former vice president of investor and public relations, Richard Simonelli, after five years away from the firm, along with the promotion of Cyndi Eakin to chief accounting officer. Simonelli is returning as CoStar’s new head of investor relations.

Investor 435

Investor Finance Residential Industrial 435

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Loans 468

Loans Investor Banks Finance 468

Housing Wire

SEPTEMBER 27, 2022

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps.

Investor 545

Investor Finance Mortgages Technology 545

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

JUNE 27, 2024

Dominion Financial Services , a Baltimore -based private lender with products tailored to real estate investors , has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday. investors are “finding creative ways“ to acquire and redevelop real estate.

Investor 397

Investor Loans Finance Title 397

Housing Wire

JULY 15, 2024

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena.

Lending 429

Lending Finance Loans Construction 429

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , Better will evaluate the borrower’s credit report to assess the subject property payment history and to ensure the credit score meets the investor threshold. the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday.

FHA loan 448

FHA loan Loans Closing costs Finance 448

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Reputational risk Mortgage companies, tech vendors and investors are taking steps to protect their systems. It could disrupt the cash flow to investors, Fitch said.

Industrial 482

Industrial Mortgages Investor Technology 482

Housing Wire

FEBRUARY 7, 2024

According to a Bloomberg report, the bank has already started to offer its mortgage assets to investors in order to transfer the portfolio risks. Bloomberg, citing anonymous sources, reported that NYCB has contacted investors to finance a large portfolio of residential mortgages held by Flagstar Bank. It also had $84.3

Mortgages 467

Mortgages Banks Marketing Commercial 467

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. This has broadened the investor base to include insurance companies and money managers seeking new investment-grade securities.

Closing 447

Closing Equity Investor Finance 447

Housing Wire

NOVEMBER 28, 2023

nonbank mortgage finance companies rated by Moody’s – measured as the pretax earnings, excluding fair value marks and nonrecurring items, divided by average adjusted tangible managed assets – improved to an average of 1.7% Excluding the two unprofitable firms – Finance of America and loanDepot – it averaged 3.4%

Finance 459

Finance Mortgages Investor Sales 459

Housing Wire

AUGUST 1, 2024

Despite this seminal understanding, the Federal Housing Finance Agency (FHFA) has proposed a significant change in the mortgage finance process that actually runs counter to the stated mission of the GSEs and potentially limits consumers’ access to affordable housing. homeownership. Of these consumers, 1.7 million to 2.8

Finance 447

Finance Loans Investor Mortgages 447

Housing Wire

MAY 15, 2024

Credit-risk transfer vehicles “would be evaluated in subsequent phases,” according to an outline of the proposed Freddie CES plan issued by its governing body, the Federal Housing Finance Agency (FHFA). This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

Equity 492

Equity Loans Investor Mortgages 492