Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership.

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Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. The retail direct-to-consumer segment represents about half of the mortgage market, and while we’re already the No.

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Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. And the median days on the market was 56 in December , compared to the national median of 43.

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Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

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Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. It will also exclude broker-network borrowers from the companys outbound marketing campaigns.

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Housing Wire

MAY 29, 2024

The government-sponsored enterprises (GSEs) are now targeting a 20% reduction in principal and interest (P&I) payments to keep borrowers facing permanent financial stress in their homes. “The In a lender letter , Fannie Mae said that the updates expand eligibility by revising the mark-to-market loan-to-value-based requirements.

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? “The The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. By September, a full-fledged housing market recession had set in. over asking price.

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Housing Wire

MARCH 7, 2024

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 HECM market share of HECM-backed Securities (HMBS) on the issuer league tables compiled by New View Advisors.

Mortgages 446

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Housing Wire

MAY 21, 2024

single-family rent growth strengthened overall in March despite some weaknesses in specific markets. single-family rent growth strengthened overall in March, though some weaknesses are revealed in the latest numbers,” Molly Boesel, principal economist for CoreLogic, said in a statement. annually in March.”

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Housing Wire

JUNE 11, 2024

But they are making efforts; it is a very difficult market and they continue to cut costs and narrow their losses,” Kornfeld said. Between now and the end of 2027, I think most market participants expect conditions to improve.” million in aggregate principal of 2028 senior notes held by Artemis Management LLC.

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Housing Wire

MAY 23, 2024

.” Knag has an extensive resume, having served in several financial leadership roles in the media, telecommunications, technology and finance sectors. James Grout, Offerpad’s senior vice president of finance, had been serving as the firm’s interim principal financial officer. million.

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Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

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Housing Wire

MAY 3, 2022

That increase can reduce the risk of loan impairment — since borrowers with more equity are less likely to default — and lead to new cash-out refis for even higher principal amounts. The post Fannie Mae income drops amid mortgage market troubles appeared first on HousingWire.

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Housing Wire

NOVEMBER 11, 2021

In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”. How Freddie Mac is addressing affordable housing challenges. Presented by: Freddie Mac.

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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.

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Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. house price growth continued to accelerate in the third quarter, appreciating more than in each of the previous four quarters,” Anju Vajja, principal associate director in FHFA ’s division of research and statistics, said in a statement.

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Housing Wire

SEPTEMBER 29, 2023

In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5% the month prior. The median U.S.

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Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

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Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

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Housing Wire

APRIL 24, 2024

Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

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Housing Wire

JUNE 28, 2024

The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing. The FHFA began soliciting applications for the committee in September 2023.

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Housing Wire

FEBRUARY 13, 2025

The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. And with more markets under its belt, more funding is an important factor in the company’s future growth. It also launched a new construction financing product for builders.

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Housing Wire

MAY 17, 2021

A Federal Housing Finance Agency (FHFA) report highlighted the perils of low-rates for Fannie Mae and Freddie Mac ’s single-family Credit Risk Transfers. Although markets experienced a significant liquidity disruption in March 2020, questions remain about the strength of CRTs under stress. “The

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Housing Wire

OCTOBER 1, 2024

It has built an MSR platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8 billion in market value as of June 30. Inside Mortgage Finance ranked Rocket as the eighth-largest U.S. Meanwhile, Rocket’s servicing portfolio, including subserviced loans, had a UPB of $534.6 Annaly was No.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

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Housing Wire

JANUARY 4, 2022

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 to 72% across the three deals in a market with fast-rising home prices.

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Housing Wire

OCTOBER 11, 2023

The deal will add a mortgage servicing rights (MSR) portfolio of about $136 billion in unpaid principal balance to Rithm. mortgage lender in the first half of 2023, with a production of $17 billion in loans, per Inside Mortgage Finance data. 10-12 at the Hyatt Lost Pines. He also noted that acquisitions can be complicated.

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Housing Wire

JULY 1, 2024

Census Bureau data from 2013 to 2022 to determine the fastest-growing housing markets in terms of single-family and multifamily homes added. The analysis included more than 4,000 cities and defined “principal cities“ as those with populations of more than 150,000. 1 market in the country for inventory growth was Vineyard, Utah.

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Housing Wire

JULY 19, 2024

The new term sheet details several differences from the current HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB). will potentially increase investment and liquidity into the reverse mortgage market,” he said. There’s a strong collaborative energy in D.C.

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Development Industrial Mortgages Fixed-rate mortgage 458

Housing Wire

JULY 8, 2024

As a result, Newrez has reduced the number of roles in certain geographies across the organization to continue its focus on core markets. year over year, according to Inside Mortgage Finance (IMF) estimates. The company owned $537 billion in unpaid principal balance (UPB) of servicing at the end of March. Newrez originated $10.8

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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. million in unpaid principal balance; pool 2 is at $342.5 The loan offering is being marketed with assistance from Citigroup Global Markets Inc. million; and pool 3, $312.9

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Housing Wire

MAY 8, 2024

Several departments were affected, including legal, secondary market and quality control. According to Inside Mortgage Finance (IMF) estimates, Newrez was the fifth-largest mortgage lender in the country in the first quarter of 2024. billion in unpaid principal balance (UPB) in the first quarter, down 1.5% company with $536.6

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Loan Officer Principal Loans Mortgages 448

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds.

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Housing Wire

SEPTEMBER 10, 2022

This agency’s most recent credit risk transfer (CRT) offering, STACR 2022-DNA6, involves a $1.165 billion note backed by a reference loan pool of 112,865 residential mortgages with an outstanding principal balance of $35.6 Citigroup Global Markets Inc. billion, according to a presale report by Kroll Bond Rating Agency (KBRA).

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Principal Loans Investor Residential 448

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. They stepped into the void created as some large banks retreated from the mortgage market. They are bound to do more.

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Housing Wire

FEBRUARY 3, 2022

Denver-based Incenter’s managing director, Tom Pierc y, said he expects the rising tide of business to continue for the foreseeable future, so long as the housing market is swept up in a rising-rate environment — prompting holders of MSRs to sell the assets. And now we just did over $110 billion for the month of January.”. “The

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Housing Wire

JANUARY 12, 2024

The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Of these, category 2 is the most established.

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Finance Residential Principal Development 448