Housing Wire

AUGUST 10, 2022

Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. Shortly after the [securitization] deal closed, loan delinquency rates increased unexpectedly,” the SEC alleges. has agreed to pay $1.75

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Investor Renovation Loans Principal 397

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 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

JUNE 3, 2022

Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. The loans in the offering were all originated through the Federal Housing Administration (FHA) and later securitized through Ginnie Mae. In total, 99.3%

Loans 418

Loans FHA loan Principal Marketing 418

Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with an unpaid principal balance of $36.3

Loans 397

Loans Purchase and sale agreement Sales Principal 397

Housing Wire

AUGUST 11, 2022

In an additional note of caution looking forward, the lender’s SEC filing indicates that it cannot guarantee requests for future loan-covenant amendments or waivers will be agreed to by its lenders, “in which case we would be in default under these agreements.”. ” The lender wrote in its SEC filing that as of June 30, it had $90.8

Loans 418

Loans Principal Lending Mortgages 418

Housing Wire

JUNE 14, 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The nonperforming loans involved in the deal, dubbed FNMA 2022-NPL1 , were divided into two pools, with MCLP the winning bidder for both pools.

Loans 370

Loans Purchase and sale agreement Sales Principal 370

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 386

Investor Sales Mortgages Loan Officer 386

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.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. And future rate cuts mean less return [for investors].

Investor 448

Investor As-is Commercial Equity 448

Housing Wire

JULY 11, 2024

Rocktop — a software-as-a-service (SaaS) company that works to improve yields for institutional investors , asset managers and other participants in the fixed-income and mortgage markets — has now placed more than $60 billion in unpaid principal balance (UPB) on its data management platform. billion in UPB. “The

Due diligence 435

Due diligence Mortgages Investor Technology 435

Housing Wire

FEBRUARY 13, 2025

San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). Kiavi reported that the offered notes were “oversubscribed by five times its capacity” as institutional investors showed interest.

Land 214

Land Investor Principal New Construction 214

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 The average loan balance in the reference pool is $315,272, with the maximum balance at $1.56

Principal 448

Principal Loans Investor Residential 448

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

Loans 416

Loans Marketing Due diligence Residential 416

Housing Wire

MARCH 1, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 456

Closing Investor Principal Residential 456

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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Lending Technology Title Development 293

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 392

Closing Principal Investor Residential 392

Housing Wire

MAY 25, 2021

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.),

FHA loan 493

FHA loan VA loan Loans Loan Officer 493

Housing Wire

OCTOBER 11, 2023

allows the company to improve its fee-based income as the deal includes the purchase of Specialized Loan Servicing LLC (SLS). “The The deal will add a mortgage servicing rights (MSR) portfolio of about $136 billion in unpaid principal balance to Rithm. CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s

Principal 492

Principal Loans Finance Investor 492

Housing Wire

MAY 20, 2024

California -based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of senior notes that the company says it will pay back with interest by 2030. They will only be sold to certain large investors, according to the announcement.

Principal 476

Principal Investor Loans Mortgages 476

Housing Wire

SEPTEMBER 10, 2024

Rocket aims to double its current market share in purchase mortgages from 4% to 8% and expand its refinance share from 12% to 20%, executives said during the company’s first Investor Day event on Tuesday. billion in unpaid principal balance (UPB) at the end of the second quarter. Rocket originated $42.3 billion). “The

Mortgages 459

Mortgages Marketing Principal Technology 459

Housing Wire

SEPTEMBER 22, 2022

The transaction, CAS 2022-RO9, involves a reference pool of 96,000 single-family mortgages with an outstanding principal balance of $29.3 The loans in the reference pool have loan-to-value ratios ranging from 80.01 trillion in single-family mortgage loans. percent to 97.00

Principal 397

Principal Investor Loans Mortgages 397

Housing Wire

JUNE 4, 2024

million), investor Freddie Mac ($3.4 Most were conventional (67%) and purchase (75%) loans. The Modex data shows that it originated about $900 million in loans that year. When the company shut down, loans were sold to investors, except those remaining with Flagstar Bank and First Horizon. billion the previous year.

Bankruptcy 442

Bankruptcy Banks Investor Principal 442

Housing Wire

APRIL 8, 2022

billion secured by single-family mortgage reference loan pools valued in total at $121.5 billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 As a result, KBRA applied a broad valuation haircut to such loans.”. of the loan pool.

Principal 397

Principal Loans Residential Investor 397

Housing Wire

SEPTEMBER 14, 2023

This team during my tenure has done the yeoman’s work of really amplifying, collecting and gathering all the loan-level data that is in our securities to be able to disclose that data to investors, so they really understand what’s in the pools that they’re buying and what they’re investing in.”

Principal 433

Principal Investor Loans New Construction 433

Housing Wire

JULY 30, 2024

On Monday, the mortgage lender and servicer said that its debt offering to qualified investors through subsidiary Nationstar Mortgage Holdings will bear an annual interest rate of 6.5% The senior notes, also issued to qualified investors, mature in 2032 and bear interest at 7.125% per year, paid semiannually.

Principal 482

Principal Banks Investor Mortgages 482

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. and former U.S.

Mortgages 412

Mortgages Loan Officer Investor Loans 412

Housing Wire

JUNE 28, 2023

Most mortgage professionals have either started to adopt artificial intelligence (AI) or are at least aware of how it can be adopted to make the loan origination process more efficient. “Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said.

Industrial 418

Industrial Mortgages Principal Loans 418

Housing Wire

OCTOBER 11, 2023

The alarming data underscores why housing professionals need to understand the financial impact of climate change on the real estate industry, George Gallagher, senior leader and principal of ESG, climate risk, natural hazard and spatial solutions at CoreLogic told attendees during a session at HousingWire Annual on Wednesday.

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Principal Loans Investor Industrial 468

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 billion secured by single-family mortgage reference loan pools valued in total at $156.9 billion secured by single-family mortgage reference loan pools valued in total at $156.9 a week earlier.

Principal 370

Principal Fixed-rate mortgage Loans Residential 370

Housing Wire

FEBRUARY 3, 2022

billion so far this year that are secured by reference loan pools valued at $78.6 billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 of the loan pool. STACR 2022-DNA1 involves a $1.4 Morgan Chase , 5.9%; and “other,” 67.2%.

Principal 397

Principal Investor Loans Mortgages 397

Housing Wire

AUGUST 31, 2022

They include ACIS 2022-COR1, which was the first offering comprised solely of cash-out refinance loans as collateral; and ACIS 2022-AFH1, which reduces the agency’s credit risk by providing insurance protection for loans as they are purchased. per thousand dollars of outstanding principal amount, depending on the series vintage.

Principal 370

Principal Investor Loans Mortgages 370

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Due diligence 397

Due diligence Mortgages Principal Lending 397

Housing Wire

FEBRUARY 28, 2022

The FHFA would also eliminate the non-performing loan charge, which industry stakeholders had complained was procyclical, the agency wrote. The charge currently assesses a 200 basis point charge after the share of a servicer’s non-performing loans goes over 6%. But the FHFA’s proposed requirements contain some tradeoffs. basis points.

Principal 418

Principal Loans Industrial Banks 418

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 of the loans; Rocket Mortgage , 8.1%; Wells Fargo , 6.6%

Principal 370

Principal Loans Investor Residential 370

Housing Wire

MAY 2, 2022

A credit-risk transfer deal involves transferring a portion of the reference loan-pool risk to private investors through the CAS real estate mortgage investment conduit, or REMIC. This latest transaction, CAS 2022-R05, involves a reference pool of 127,166 single-family mortgage loans. The KBRA report also notes that only 4.1%

Loans 418

Loans Investor Principal Residential 418

Housing Wire

MAY 28, 2021

Computershare Loan Services (CLS) is one of the highest-rated servicers in the US. With deep roots in default servicing, Specialized Loan Servicing (SLS), part of the Computershare Group, helps clients mitigate a rise in foreclosures with contact strategies that meet borrowers where they are. “Times are changing.

Principal 459

Principal Loans Mortgages Investor 459

Housing Wire

APRIL 7, 2021

According to Black Knight , servicers have advanced almost $19 billion in unpaid principal and interest to investors in the past year. We also fought to ensure loans in forbearance remained eligible for sale, providing certainty and removing marketplace risk. In less than 10 weeks, mortgage servicers successfully helped 4.3

Mortgages 504

Mortgages Principal Loans Finance 504