Housing Wire

SEPTEMBER 30, 2024

The notes were offered by Mello Warehouse Securitization Trust 2024-1 and secured by newly originated first-lien, fixed-rate and adjustable-rate residential mortgages. It follows other strategies to strengthen its financial position, including selling mortgage servicing rights (MSRs) and extending debt.

Closing 434

Closing Principal Residential Finance 434

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

Loans 448

Loans Renovation Principal Finance 448

Housing Wire

NOVEMBER 10, 2020

The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. The passing of Amendment B repealed the Gallagher Amendment of 1982, which set residential and non-residential property tax assessment rates in the Colorado state constitution.

Residential 476

Residential Principal Development Renovation 476

Housing Wire

OCTOBER 1, 2024

Annaly has $75 billion in assets invested across its agency mortgage-backed securities (MBS), residential credit and MSR strategies. It has built an MSR platform with 608,000 loans, representing $192 billion in unpaid principal value (UPB) and $2.8 Inside Mortgage Finance ranked Rocket as the eighth-largest U.S. Annaly was No.

Closing 434

Closing Principal Loans Finance 434

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 FNMA 2022-RPL4 transaction involves three loan pools — with pool 1 composed of loans with about $341.6

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

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 billion, according to a presale report by Kroll Bond Rating Agency (KBRA). billion for the $12.2

Principal 448

Principal Loans Investor Residential 448

Housing Wire

JULY 8, 2024

Roughly eight months after acquiring PacWest Bancorp in a rescue deal , Banc of California is selling roughly $2 billion in business-purpose residential mortgage loans, according to Bloomberg. billion of single-family residential loans at a discount. The bank entered into an agreement to buy $1.8

Loans 434

Loans Principal Banks Residential 434

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Principal among these are: Invested capital “requires” the highest return. exceeds $1.5

Finance 448

Finance Principal Residential Development 448

Housing Wire

MAY 5, 2022

billion note backed by a reference loan pool of 118,055 residential mortgages with an outstanding principal balance of $35.4 The KBRA report also mentions that the loan reference pool for the CRT offering has far more geographic diversity when compared with a typical prime-jumbo residential mortgage-backed securities offering.

Principal 370

Principal Fixed-rate mortgage Loans Residential 370

Housing Wire

MAY 1, 2023

The Federal Deposit Insurance Corporation (FDIC) and JP Morgan are also entering into a loss-share transaction on single family, residential and commercial loans it purchased from the former First Republic Bank. JPMorgan also said that the FDIC would provide it with $50 billion in financing. JPMorgan said it would repay $30 billion.

Banks 396

Banks Commercial Loans Principal 396

Housing Wire

AUGUST 11, 2022

a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,

Mortgages 397

Mortgages Residential Loans Lending 397

Housing Wire

SEPTEMBER 22, 2022

The new credit risk transfer (CRT) offering, STACR 2022-DNA7, outlined in a presale report by Kroll Bond Rating Agency , involves a $616 million note offering backed by a reference loan pool of 69,144 residential mortgages with an outstanding principal balance of $19.9 The initial STARC deal of this year, STACR 2022-DNA1, was a $1.4

Principal 370

Principal Loans Investor Residential 370

Housing Wire

JUNE 28, 2022

Kiavi , formerly LendingHome , recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. billion in originations, up nearly 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF).

Investor 389

Investor Principal Loans Lending 389

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

Principal 434

Principal MLS Agents Brokerage 434

Housing Wire

MARCH 23, 2022

The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortgage assets across multiple strategies,” according to a CarVal statement announcing the launch of the REMIC, which will do business as Mill City Loans.

Banks 397

Banks Bankruptcy Loans Investor 397

Housing Wire

SEPTEMBER 13, 2022

That compares with $101 billion in HELOC volume and $38 billion in closed-end home-equity originations over the same period this year, according to a new report by the Urban Institute’s Housing Finance Policy Center. recently rebranded as Rithm Capital ). billion in 2021 to $4.6 HELOC’s were not broken out separately in that report.

Equity 370

Equity Loans Residential Banks 370

Housing Wire

FEBRUARY 23, 2024

eXp delivered solid revenue in the fourth quarter, despite continued weakness in the United States residential real estate market, thanks to our global base of highly productive agents ,” Glenn Sanford, founder, chairman, and CEO of eXp World Holdings, said in a statement. In the last quarter of 2023, operating expenses rose to $1.01

Agents 435

Agents Principal Residential Sales 435

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. About 9.1% of total mortgage applications were for ARMs for the week ending Sep.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

MAY 16, 2022

UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. million), nonbank mortgage lender and servicer New Residential Investment Corp. ($690

Principal 397

Principal Banks Loans Lending 397

Housing Wire

DECEMBER 13, 2024

Proposal and inspiration Unlike a typical Ginnie Mae security based on pools of insured or guaranteed residential mortgage loans, the Ginnie Mae [early buyout (EBO)] security would not be based on a modified pass-through structure, the MBA said in a white paper that outlined the proposal.

Bankruptcy 369

Bankruptcy Loans Investor Banks 369

Housing Wire

MAY 3, 2022

The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes. In contrast, when they do a cash-out refi, they’re committed to paying the new principal and interest balance for the duration of the mortgage — likely 15 or 30 years.

Equity 418

Equity Fixed-rate mortgage Principal Mortgages 418

Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

Industrial 397

Industrial Mortgages Principal Loans 397

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Land 425

Land Principal Residential Development 425

Housing Wire

DECEMBER 14, 2022

Mortgage rates are taking the Fed’s move as a clear indication that the pace of interest rate increases will be moderate, and the market is hopeful that any increases in 2023 will be in the more typical 25 basis point increments, Marty Green, principal at Polunsky Beitel Green , law firm for residential mortgage lenders, said.

Mortgages 448

Mortgages Residential Principal Lending 448

Housing Wire

JUNE 1, 2022

The residential real estate industry faces an interesting dynamic of rising mortgage rates while, at the same time, homeowners have record equity in their homes. In contrast, when you do a cash-out refi, they’re committed to paying the new principal and interest balance for the duration of the mortgage — likely 15 or 30 years.

Equity 397

Equity Fixed-rate mortgage Principal Loans 397

Housing Wire

JANUARY 11, 2022

Investors receive principal and interest payments on the CRT notes they purchase, but if credit losses exceed a predefined threshold per the security issued, then investors are responsible for absorbing the losses exceeding that mark. RMBS at Fitch Ratings. The initial CRT deal of 2022, CAS 2022-R01 , involves a $1.5

Investor 435

Investor Loans Principal Mortgages 435

Housing Wire

AUGUST 26, 2024

“Rate declines will impact companies differently based on their business model,” said Craig Freel, partner and co-chief investment officer at Rice Park Capital Management , an investor in residential mortgage assets. trillion unpaid principal balance (UPB). Cooper had become the largest U.S. trillion once the Flagstar deal closes.

Mortgages 458

Mortgages Banks Debt-to-income ratio Loans 458

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. That’s 20 basis points higher than the international standard.

Mortgages 370

Mortgages Banks Marketing Residential 370

Housing Wire

MARCH 17, 2022

Similarly, the Federal Housing Finance Agency ’s [FHFA’s] suspension of the cap on agency purchases of investment properties and second homes this past September has continued to create a drag on those deals flowing into the PLS market. Pelka agrees that the PLS market is under pressure. “In

Loans 422

Loans Marketing Due diligence Residential 422

Housing Wire

JULY 27, 2023

High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. The combined impact of higher rates and higher home prices has driven the cost of financing the typical listed home up more than $250 or 12.4%

Construction 370

Construction Mortgages Sales Banks 370

Housing Wire

MARCH 7, 2024

Michael Warden , managing principal and CEO of Invictus Capital Partners — one of the largest players in the nonqualified mortgage (or private-label) securitization space via Verus Securitization Trust — is also quite bullish on the future of private capital in the mortgage market.

Investor 448

Investor As-is Commercial Equity 448

Housing Wire

DECEMBER 13, 2023

Net issuance in MBS represents new securities issued less the decline in outstanding securities due to principal paydowns or prepayments. Other sectors The narrative is similar for the private-label residential mortgage-backed securities (RMBS) market. You’re going to go to the lower spreads to cut, right?”

Mortgages 434

Mortgages Marketing Banks Investor 434

Housing Wire

JUNE 5, 2024

“As of December 31, 2023, and December 31, 2022, the UPB [unpaid principal balance] of loans subject to repurchase requests issued to our single-family sellers and servicers [versus loans actually repurchased] was approximately $0.5 billion [$500 million] and $1.3 billion, respectively,” Freddie’s SEC filing states.

Loans 447

Loans Mortgages Industrial Principal 447

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 KBRA seems to think so as well.

Marketing 396

Marketing Debt-to-income ratio Loans Mortgages 396

Housing Wire

FEBRUARY 8, 2022

But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. Another possibility consisted of changing rates, principal balance or length of the mortgage via a loan modi? We have their email addresses. We have their phone numbers.

Loans 370

Loans Pre-approval Mortgages Principal 370

Realty Biz

FEBRUARY 10, 2021

Investors typically focus on either residential or commercial properties. At the same time, interest in residential properties has expanded as residents pursue larger houses and relocate to suburban and rural areas. . Residential Real Estate Investing. Residential properties are typically leased to families and individuals.

Commercial 113

Commercial Residential Investor Finance 113

Keeping Current Matters

JANUARY 13, 2021

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”. Though 29.4% Bottom Line.

Equity 294

Equity Short sale Principal Loans 294