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. 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

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 349

Lending Technology Title Development 349

Housing Wire

NOVEMBER 11, 2021

With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders. The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.).

Loans 476

Loans Title Finance Lending 476

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

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.

Loans 476

Loans Fixed-rate mortgage Principal Renovation 476

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. O’Brien & Associates and VP, Eastern regional sales manager at National City Home Equity, among others. .

Sales 459

Sales Mortgages Principal Equity 459

Housing Wire

SEPTEMBER 16, 2022

Fannie Mae has completed the sale of its 27 th reperforming-loan offering since the inaugural transaction in 2016. The deal represents Fannie Mae’s fourth reperforming-loan sale this year and involves a total of some 6,060 loans valued at $986.4 Pool 1 was composed of 1,790 loans valued at $337.8

Sales 418

Sales Principal Loans Banks 418

Housing Wire

OCTOBER 21, 2021

An offering of Fannie Mae and Freddie Mac mortgage servicing rights (MSR) linked to a loan pool valued at nearly $2.2 The MSR offering involves a loan pool of 4,201 Fannie Mae loans with an unpaid principal balance of $1.15 The post Rising rates, tax questions driving MSR sales surge appeared first on HousingWire.

Sales 396

Sales Principal Loans Mortgages 396

Housing Wire

MARCH 22, 2022

MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 The two deals involve nonperforming loans that are eligible for early buyouts (EBOs) from Ginnie Mae loan pools. The largest of the two EBO whole-loan offerings is valued at $1.1

Loans 369

Loans Marketing Principal Mortgages 369

Housing Wire

MAY 12, 2022

billion in proceeds from those MSR sales — with UWM accounting for $871.8 In a rising-rate environment, loan prepayments ebb, as refinancing becomes less attractive. That rising value, in turn, can make sales of MSRs a lucrative option for supplementing otherwise dour revenue streams. In total, between Jan. billion and $319.8

Sales 397

Sales Purchase and sale agreement Principal Loans 397

Housing Wire

JANUARY 10, 2025

Shelley Duffy , Incenter’s executive vice president of national sales, praised Rose and Brown for their aptitudes for problem-solving. ” Brown brings 20 years of experience to his new role, including 12 years at Freddie Mac , where he served as senior director of cash window sales and trading. .”

Principal 370

Principal Lending Development Mortgages 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 394

Investor Sales Mortgages Loan Officer 394

Housing Wire

NOVEMBER 9, 2022

Garth Graham, senior partner and manager of merger and acquisition activities for the Stratmor Group , said many of the layoffs in the IMB industry so far have involved employees working in support positions, with loan officer jobs being the last to be jettisoned. Charting the loan officer exit.

Loan Officer 435

Loan Officer Loans Mortgages Industrial 435

Housing Wire

MARCH 5, 2024

Its owned servicing portfolio reached $78 billion in unpaid principal value (UPB) at the end of 2023, with a carrying value of $1.1 In addition, NYCB is also responsible for a subservicing portfolio close to $300 billion in UPB, comprehending about 1 million loans, per KBW analysts’ estimate. billion put even more pressure.

Sales 467

Sales Banks Principal Loans 467

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

AUGUST 10, 2022

That’s a healthy showing, considering over the same period UWM’s loan-origination volume dipped from $59.2 Rising interest rates have crimped loan production for virtually all mortgage lenders as more and more borrowers are forced to forestall home purchases or have no incentive to refinance. billion to $29.9 million to $348 million.

Sales 418

Sales Purchase and sale agreement Loans Mortgages 418

Housing Wire

OCTOBER 10, 2024

According to the BofA report, there are 833,268 mortgages originated in the affected regions and securitized into residential mortgage-backed securities (RMBS), totaling $96 billion in unpaid principal balance (UPB). Most of them are in Florida (53%), followed by North Carolina (19%), South Carolina (18%), Georgia (8%) and Virginia (3%).

Loans 375

Loans Equity Principal Residential 375

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Sales 448

Sales Loan Officer Principal Loans 448

Housing Wire

APRIL 8, 2022

Deephaven Mortgage hired Anthony Gulotta to lead wholesale sales on the East Coast, the non-QM lender announced this week. Gulotta has spent more than three decades on mortgage operations and wholesale sales, with stints at Movement Mortgage , Figure , Premier Lending , Quicken Loans (now Rocket Mortgage ), and Wells Fargo. “I

Sales 397

Sales Lending Principal Banks 397

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 437

Loans Marketing Residential Due diligence 437

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.

Principal 459

Principal Due diligence Lending Title 459

Housing Wire

DECEMBER 15, 2022

The repurchase-request volume, which includes both depository lenders and nonbanks, is being driven up this year by the huge volume of lower-rate loans made in 2020 and 2021 that Fannie and Freddie are continuing to vet for loan-sale representations and warranties violations.

Loans 370

Loans Debt-to-income ratio Purchase and sale agreement Mortgages 370

Housing Wire

FEBRUARY 21, 2024

Regarding other initiatives, Gordon said the FHA is “also hoping soon to put out our servicing defect taxonomy ” and, in the near future, will be releasing a mortgagee letter for the 203(k) renovation loan program. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae.

Principal 459

Principal Loans Mortgages Renovation 459

Housing Wire

MAY 19, 2023

The company’s unpaid principal balance reached $524.8 The spokesperson did not provide additional details on loan type or characteristics. In an interview with HousingWire in early May, Bill Banfield, Rocket’s executive vice president of capital markets, said Rocket retains “almost all” of its loans to service borrowers.

Principal 109

Principal Loans Mortgages Banks 109

Housing Wire

NOVEMBER 4, 2022

Purchase loans accounted for 82.7% Since the start of Game On, we’ve had thousands of loan officers try us for the first time, experiencing our technology, our services and quickly realizing that partnering with UWM can help them win in any market.”. UWM originated $33.5 billion in production. UWM reported a profit of $325.6

Principal 87

Principal Loan Officer Loans Mortgages 87

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion. in a deal valued at $500 million in cash and retained interest.

Sales 418

Sales Mortgages Branding Principal 418

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. The company also reported growth in its wholesale channel, according to the report.

Principal 476

Principal Investor Loans Mortgages 476

Housing Wire

AUGUST 15, 2024

On Wednesday, executives at UBS — which acquired Credit Suisse Group in June 2023 and became the ultimate parent company of SPS — reported the sale of the U.S. billion in unpaid principal balance (UPB). SPS announced a deal in September 2022 to acquire some of the assets of Texas-based Rushmore Loan Management Services.

Investor 476

Investor Mortgages Banks Principal 476

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. for the week ending January 6, compared to the week earlier, when the 30-year rates for conforming loans ($647,200 or less) went from 6.58% to 6.42%. ” Gano’s experiences reflect what happened in the market overall.

Seller concession 529

Seller concession Mortgages Loan Officer Loans 529

Housing Wire

AUGUST 6, 2024

Its pull-through gain-on-sale margin was 3.22% in Q2 2024, compared to 2.74% in Q1 2024 and 2.85% in Q2 2023. Purchase loans comprised 72% of loanDepot’s total volume in Q2 2024. The pull-through gain-on-sale margin is expected to be between 2.8% billion in the previous quarter and below the $6.3 billion figure in Q2 2023.

Purchase and sale agreement 448

Purchase and sale agreement Principal Loan Officer Mortgages 448

Housing Wire

JULY 1, 2022

Home forfeiture actions, including completed foreclosure sales, short sales, and deed in-lieu-of- foreclosure actions also grew by 26.8% were “combination modifications,” where interest rate reductions and term extensions are applied to a loan to help bring down a borrowers mortgage payment. decrease from the previous quarter.

Banks 397

Banks Mortgages Principal Renovation 397

Housing Wire

AUGUST 4, 2022

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The government-sponsored enterprise will start accepting such loans immediately. The loan must be secured by a principal residence. Fannie Mae did not respond to a request to comment.

Loans 508

Loans Principal Banks Closing costs 508

Housing Wire

AUGUST 14, 2024

billion in unpaid principal balance (UPB). On Wednesday, UBS chief financial officer Todd Tuckner told analysts during an earnings call that the sale of Credit Suisse’s U.S. billion), and 26,500 agency and owned loans ($4.4 million loans, the companies said in an announcement of the deal. 36 in the IMF ranking.

Banks 435

Banks Closing Principal Residential 435

Housing Wire

AUGUST 16, 2024

Take out a traditional mortgage requiring a monthly payment of principal and interest , which would increase the amount of her monthly retirement distribution, again potentially resulting in a higher tax bill and most definitely decreasing the life of her retirement funds. Lisa Moriello is the National Reverse Sales Manager at loanDepot.

Mortgages 482

Mortgages Principal Equity Loans 482

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. VA loans are probably the best loans on the market.

VA loan 476

VA loan Loans Principal Mortgages 476

Housing Wire

APRIL 14, 2023

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. The report was based on unnamed sources and indicated the sales were being handled “inhouse.” billion based on the unpaid principal balance (UPB), down from $679.2

Principal 448

Principal Loans Banks Mortgages 448

Housing Wire

AUGUST 6, 2024

The Pontiac, Michigan-based company has opportunistically sold mortgage servicing rights (MSRs) with higher coupons to deleverage its balance sheet and invest in the origination business — for example, by offering incentives on some refi loans. Volumes will increase, as will gain-on-sale margins. to 8% range. billion in Q2 2023.

Loans 476

Loans Principal Mortgages Sales 476