Remove Loans Remove Marketing Remove Principal
article thumbnail

How Pennymac is navigating the double-edged sword of lower rates

Housing Wire

It can improve loan production and acquisitions but hurt their servicing portfolios. In total, loan acquisitions and originations had an unpaid principal balance (UPB) of $31.7 At the same time, our servicing portfolio — now near $650 billion in unpaid principal balance and nearly 2.6 million from July to September.

Principal 435
article thumbnail

Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How the PLS market is making money on delinquent loans 

Housing Wire

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% In total, 99.3%

Loans 418
article thumbnail

Announcing the 2025 Finance Leaders

Housing Wire

These leaders have demonstrated exceptional expertise in financial strategy, capital management, and operational efficiency, helping their organizations navigate an evolving market landscape and drive sustainable growth. Take a look at the full list of this year’s honorees below.

Finance 387
article thumbnail

Home equity loan vs. HELOC – What’s the difference?

Housing Wire

Home equity loans and home equity lines of credit (HELOCs) are both loan products that are secured by the equity on a borrower’s home. What is a home equity loan? Home equity loans have a fixed interest rate and a set schedule of fixed payments for the life of the loan. Read on to find out. Pros and cons.

Equity 533
article thumbnail

The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. Were seeing market headwinds, and not really seeing a lot of release in the rates. We’ll have those loans that come in where we have to look at every opportunity that we can to save that deal and help that client.

article thumbnail

Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

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. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million; and pool 3, $312.9

Loans 397