Housing Wire

SEPTEMBER 4, 2024

Bosman and Kulvin each have decades of experience in real estate finance and “will strengthen Pretium’s investment team as the firm continues to expand its impact in the residential financial ecosystem,” the company said in its announcement. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

Finance 448

Finance Residential Investor Lending 448

Housing Wire

MAY 6, 2024

Finance of America Companies (FOA) announced on Monday that its reverse mortgage brands — Finance of America Reverse (FAR) and American Advisors Group (AAG) — will be consolidated under the singular Finance of America brand going forward. That’s the case for employees, wholesale partners and even investors.

Branding 468

Branding Finance Equity Mortgages 468

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. But let’s suppose all that occurs. Would it be worth the effort?

Finance 448

Finance Agents FHA loan Closing costs 448

Housing Wire

JANUARY 28, 2025

Ruimy noted that the BPL sector accounts for a significant portion of residential mortgage originations, with large investors increasingly turning to BPL lenders like Dunmor. Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

OCTOBER 28, 2024

The firm has taken heat in recent months from its investors, who felt that the company’s finances were being mismanaged due to its continued losses in quarterly earnings. Its value has dropped from roughly $900 million to $130 million since 2021, according to the Times.

Brokerage 434

Brokerage Finance Investor Agents 434

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price.

Finance 459

Finance Investor Mortgages Equity 459

Housing Wire

JANUARY 30, 2025

If a broker is working with an investor that happens to dabble in non-QM, then they’re not going to get all the best practices we’ve aggregated over the last 12 years. Financing for mid-tier builders has become less liquid or choppy compared to the mega builders, right?

New Construction 338

New Construction Construction Marketing Investor 338

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. Potential partnerships Home equity investments are likely to become essential to the home finance product marketplace.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. It was not specified how many employees nor which specific divisions were impacted.

Finance 482

Finance Sales Equity Mortgages 482

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

MARCH 25, 2025

With banks and conventional lenders having tighter lending requirements or less available capital, large investors, such as pension funds or private equity firms, that provide funding, see private lenders with proven success in real estate as reliable partners in a tight credit environment.

Lending 300

Lending Equity Banks Construction 300

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

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country.

Investor 482

Investor Marketing Construction Loans 482

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

FEBRUARY 13, 2025

We packaged those loans into mortgage-backed securities (MBS) that attracted investors from around the world to support U.S. Fifty-two percent of the primary home purchases Freddie financed went to first-time homebuyers, and 53% of all the home loans it financed were affordable to low- and moderate-income families.

Finance 443

Finance Loans Mortgages Investor 443

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 465

Investor Lending Construction Technology 465

Housing Wire

FEBRUARY 10, 2025

Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products. The former offers financing to international investors, while the latter offers investment financing based on the potential cash flow of the subject property.

Loans 343

Loans Finance Investor Mortgages 343

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

Marco Santarelli

OCTOBER 13, 2024

Finding the 10 best real estate markets for investors is the first step to making that dream a reality. This guide dives deep into ten markets currently showing impressive growth potential for investors, but remember: real estate investment involves risk. High demand translates to higher rental yields, a key factor for investors.

Investor 122

Investor Marketing Due diligence Finance 122

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 321

Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

DECEMBER 2, 2024

Ryan Serhant ’s eponymous brokerage has been in rapid growth mode this year following the success of the Netflix show “Owning Manhattan,” and now investors want in on the action. Among its investments are Kings League , LOVB , Bilt Rewards , Blank Street , M1 Finance , Wayflyer , Masterworks , Talkiatry , Kittl and Ownwell.

Development 418

Development Brokerage Technology Finance 418

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

MARCH 4, 2025

Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the companys digital and customer experience strategies. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.

Technology 344

Technology Equity Finance Mortgages 344

Housing Wire

FEBRUARY 6, 2025

Finance a loan, and you may lose money. Avoid financing, and you risk missing out on a sales growth opportunity. Key non-QM products for 2025 Before 2025 continues, lenders should arm themselves with the right tools for tackling the market: Investor loans Investing is the vehicle to success for homeowners in the market.

Loans 343

Loans Mortgages Equity Construction 343

Housing Wire

MARCH 6, 2025

All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA). That would not be for the out-of-town investor, said Richards, who purchased the properties via Auction.com s new SmartSale program. Additionally, three of them are on the same street.

Renovation 349

Renovation Investor Property Management Development 349

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 434

Investor Marketing Finance 434

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

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

MARCH 21, 2025

’ In a presentation for investors , Rocket outlined how its acquisition of Redfin will help the company create a more seamless and affordable way for consumers to transact real estate, showing how it will take consumers from the home search phase all the way through title and closing. But Zillow has that recognizable consumer brand.

Loan Officer 292

Loan Officer Loans Mortgages Title 292

Housing Wire

NOVEMBER 21, 2024

However, for most first-time homebuyers, mortgage financing is critically important. Individual investors purchased 17% of homes sold in October, up from 16% a month ago and 15% a year ago. Additional job gains and continued economic growth appear assured, resulting in growing housing demand.

Sales 370

Sales Finance Investor Mortgages 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

FEBRUARY 10, 2025

Kiavis expansion into these 13 additional markets provides an immediate opportunity to equip more real estate investors with the fast, reliable, and transparent capital they need to create move-in ready housing while scaling their businesses, Arvind Mohan , CEO of Kiavi , said in a statement.

Lending 326

Lending New Construction Residential Investor 326

Housing Wire

JANUARY 10, 2025

Leading reverse mortgage industry lender Finance of America (FOA) also expressed concern for residents and affiliates impacted by the wildfires and is working to deploy its own resources quickly. We were ready to get loan documents out for Friday, and we got an email from the investor stating that the FEMA notice went out on Jan.

Industrial 397

Industrial Mortgages Loans Finance 397

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Novaprime is starting with post-close quality control functions and working backwards. That adds up.

Loans 435

Loans Investor Closing Lending 435

Housing Wire

FEBRUARY 6, 2025

according to Inside Mortgage Finance (IMF). Rithm delivered strong and consistent performance in each of its core businesses, creating value for investors and shareholders. The lender posted pretax income of $1.1 billion last year, up from $732 million in 2023.

Loans 411

Loans Equity Principal Mortgages 411

Housing Wire

NOVEMBER 21, 2024

UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). Harter downgraded the company’s stock rating on from “buy” to “neutral” even after it reported strong earnings results in the third quarter of 2024.

Bankruptcy 369

Bankruptcy Finance Equity Mortgages 369

Housing Wire

JANUARY 24, 2025

Under the terms of the investment, Newfi will continue to provide an initial financing facility to expand Dunmors origination capacity. . “This equity investment positions us to continue delivering the high level of service our clients expect, complemented by an even stronger commitment to providing competitive funding solutions.

Equity 367

Equity Lending Residential Branding 367