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 26, 2022

Lenders across the board felt that they got truly high ROI from these solutions,” said Sam Ryder, principal at LLR Partners. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 392

Investor Sales Mortgages Loan Officer 392

Housing Wire

APRIL 10, 2024

may allow FoA to collapse ~$630 million of securitized buyout [unpaid principal balance (UPB)] and reissue these as [Ginnie Mae] securitizations, improving liquidity and freeing operating capital,” the company said. million in fourth-quarter 2023.

Investor 448

Investor Bankruptcy Finance Equity 448

Housing Wire

NOVEMBER 5, 2024

billion from July to September, at the high end of investor guidance and up from $6 billion in the prior quarter. Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 Operational biz loanDepot returned to profitability while increasing its mortgage production and volume. billion on Sept.

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

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

Kiavi reported that the offered notes were “oversubscribed by five times its capacity” as institutional investors showed interest. The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. million received a 21.8%

Land 224

Land Investor Principal New Construction 224

Housing Wire

MAY 17, 2021

Despite heightened investor uncertainty during the onset of the pandemic, GSE-backed mortgages have outperformed expectations, the report notes. By the end of 2020, Freddie Mac’s overall proportion of risk transfer to unpaid principal balance had surpassed December 2019 levels.

Principal 437

Principal Investor Mortgages Finance 437

Housing Wire

JUNE 11, 2024

Cooper issued senior notes to qualified investors in January that will mature in 2032 and will bear interest at 7.125% per year, paid semiannually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year. The new debt will pay 8.75% — an incremental 0.5%

Principal 486

Principal Mortgages Finance Investor 486

Housing Wire

JUNE 4, 2024

RE/MAX will no longer have a principal operating officer and Smith’s responsibilities will be absorbed by other executives, the company disclosed Friday in a filing with the Securities and Exchange Commission ( SEC ). Parent company RE/MAX Holdings also appointed former Dish Network leader Erik Carlson as CEO in November 2023.

Principal 490

Principal Brokerage Branding Investor 490

Housing Wire

JUNE 20, 2024

Investors representing 96% of the old notes tendered and accepted the transaction. million in principal for new notes guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 million in aggregate principal of 2028 senior notes held by Artemis Management LLC.

Principal 448

Principal Lending Mortgages Investor 448

Housing Wire

JULY 22, 2024

The lender said its newest offering “garnered interest from a broad set of institutional investors” and wound up selling out. Like its prior deals, this one includes a two-year revolving period during which investors can reinvest their principal returns to purchase newly originated loans.

Loans 464

Loans Closing Investor Principal 464

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 deal drew significant interest from institutional investors and made it Kiavi’s largest securitization since November 2021.

Closing 458

Closing Investor Principal Residential 458

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

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

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 deal drew significant interest from institutional investors. billion since it launched its securitization program in 2019.

Closing 395

Closing Principal Investor Residential 395

Housing Wire

JUNE 18, 2024

million in aggregate principal amount available for 30 days to cover over-allotments. Mr. Cooper issued senior notes to qualified investors in January that will mature in 2032 and bear interest at 7.125% per year. Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually.

Closing 444

Closing Principal Lending Equity 444

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 Investor Banks Mortgages 482

Housing Wire

MARCH 11, 2025

Ludden and Juliane will focus on providing comprehensive advisory services to mortgage lenders, servicers and investors. “We are thrilled to welcome Jeff and Brett to Milliman,” said Jonathan Glowacki, a principal at Milliman. Global consulting and actuarial firm Milliman Inc.

Mortgages 204

Mortgages Principal Residential Investor 204

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 Through CAS note offerings, private investors participate with Fannie in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. percent to 97.00

Principal 397

Principal Investor Loans Mortgages 397

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? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 448

Commercial Brokerage Due diligence Title 448

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 434

Principal Investor Loans New Construction 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 Fannie Mae attempts to sell its reperforming loans to investors, nonprofits and public-sector organizations.

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

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 (..)

Lending 315

Lending Technology Title Development 315

Housing Wire

JUNE 4, 2024

million), investor Freddie Mac ($3.4 Meanwhile, investors declined to purchase loans from lenders because they expected rates to decline and homeowners to refinance out of their higher-rate mortgages. When the company shut down, loans were sold to investors, except those remaining with Flagstar Bank and First Horizon.

Bankruptcy 446

Bankruptcy Banks Principal Investor 446

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. Revenue decreased by 10% year over year to $1.34

Principal 435

Principal MLS Agents Brokerage 435

Housing Wire

AUGUST 31, 2022

Via Freddie Mac’s S TACR transactions, private investors participate with the agency in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. billion of outstanding notes (based on original principal balance) being tendered and accepted. to $1,017.81

Principal 370

Principal Investor Loans Mortgages 370

Housing Wire

JUNE 28, 2023

“Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. Ultimately, the lender packages the loan to sell to an investor, who doesn’t trust any of the data in the file, and the process starts all over again, Graham noted.

Industrial 418

Industrial Mortgages Principal Loans 418

Housing Wire

APRIL 8, 2022

billion note backed by a reference loan pool of 140,950 residential mortgages with an outstanding principal balance of $42.9 billion note offering issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 The initial STARC deal of this year, STACR 2022-DNA1 was a $1.4

Principal 397

Principal Loans Residential Investor 397

Housing Wire

FEBRUARY 3, 2022

billion note issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 Through Freddie Mac’s STACR CRT transactions, private investors participate with the agency in sharing a portion of the mortgage credit risk in the reference loan pools retained by the GSE.

Principal 397

Principal Investor Loans Mortgages 397

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 note offering issued against a reference loan pool of 190,774 residential mortgages with an outstanding principal balance of $33.6 The credit risk transfer (CRT) offering, STACR 2022-DNA4, involves a $1.5

Principal 370

Principal Fixed-rate mortgage Loans Residential 370

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 424

Mortgages Loan Officer Investor Loans 424

Housing Wire

JUNE 7, 2022

per thousand dollars of outstanding principal amount, depending on the series vintage. Through the STACR note offerings, private investors participate with Freddie Mac in sharing a portion of the mortgage credit risk in the reference loan pools retained by the agency. Freddie Mac has announced a cash tender offer for some $2.2

Principal 397

Principal Investor Loans Mortgages 397

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. 10-12 at the Hyatt Lost Pines. It includes $85 billion in third-party servicing and the SLS MSR portfolio. That’s our core strategy from a growth perspective,” Silverstein added.

Principal 493

Principal Loans Finance Investor 493

Housing Wire

MARCH 5, 2024

“There have been at least half a dozen cybersecurity attacks that were successful within housing finance in the last several months; we’ve had to deal with some of those issues directly ourselves and to others we work with,” Sam Valverde, principal executive vice president at Ginnie Mae, said during a regulatory session at the conference.

Principal 459

Principal Finance Investor Mortgages 459

Housing Wire

APRIL 7, 2021

The CARES Act caused some confusion among servicers when it was first passed, however, Stevens worries that a foreclosure halt could potentially hurt relationships with investors long term. And according to Black Knight , servicers have advanced almost $19 billion in unpaid principal and interest to investors in the past year.

Principal 468

Principal Investor Loans Mortgages 468

Housing Wire

JULY 26, 2022

New Wave said it requested bids from multiple investors from Jan. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. A sharp rise in mortgage rates saddled the company with tens of millions of dollars in loans it couldn’t sell to investors in the secondary market at par. 20, 2022, to Feb.

Due diligence 397

Due diligence Mortgages Principal Lending 397