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 reperforming-loan sale is slated to close by late October 2022, after due-diligence period. billion.

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Commercial 448

Commercial Brokerage Due diligence Title 448

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

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. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. primary mortgage servicer at the end of June, handling $166.7 36 in the IMF ranking.

Banks 435

Banks Closing Principal Residential 435

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% of the loans modified included a principal deferral, the OCC said. million first-lien residential mortgages with $2.6 trillion in unpaid principal balance, the report said.

Banks 397

Banks Mortgages Principal Renovation 397

Housing Wire

NOVEMBER 7, 2023

million in sales volume in 2022. billion in sales volume in 2022 across 6,080 transaction sides. We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. In all, BCP agents notched $4.2

Mortgages 435

Mortgages Principal Brokerage Lending 435

Housing Wire

MARCH 29, 2024

These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit. Form 1003 “is also used in the mortgage industry by government sponsored enterprises to originate conventional mortgages,” the notice stated.

Mortgages 448

Mortgages VA loan Principal Loans 448

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

Principal 397

Principal Loans Residential Investor 397

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375. The Blankfeld Group came in No.

Principal 435

Principal Technology Equity Residential 435

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. Sales volume also picked up 3% from the fourth quarter of 2022 to $38.9

Agents 435

Agents Principal Residential Sales 435

Housing Wire

MARCH 6, 2024

Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital , will inject $1 billion in equity investment in struggling New York Community Bancorp (NYCB), one of the nation’s largest residential mortgage servicers. NYCB became a large residential mortgage servicer after the acquisition of Flagstar.

Equity 439

Equity Mortgages Banks Commercial 439

Housing Wire

JULY 18, 2023

Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He has a background in managing sales operations and brokering transactions between clients in the U.S. In 2022, he recorded a sales volume of $30 million. and Mexico.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

JULY 28, 2023

billion of single-family residential loans at a discount, according to the outlet. Banc of California said Tuesday in a presentation that it entered into a “contingent forward asset sale agreement” for its residential mortgage portfolio in a presentation without naming the buyer.

Purchase and sale agreement 370

Purchase and sale agreement Mortgages Banks Principal 370

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). billion, a total that includes residential and commercial properties. Across the 100 largest U.S. billion to $47.5

Loans 375

Loans Equity Principal Residential 375

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 Many factors influence this decision to move from cash to MBS, including increased gain on sale opportunities driven by specified pool pay-ups. STACR 2022-DNA1 involves a $1.4

Principal 397

Principal Investor Loans Mortgages 397

Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 billion in assets, has a diverse portfolio of residential and commercial real estate assets. The principal balance of WMC’s residential whole loan portfolio at June 30 stood at $1.24 WMC, with some $2.8

Marketing 418

Marketing Bankruptcy Loans Principal 418

Housing Wire

JULY 10, 2023

For-sale listings deteriorated in 95% of major U.S. However, most projects underway in the month were 5+ multi-family units, as opposed to single-family residential units,” Walden said. However, most projects underway in the month were 5+ multi-family units, as opposed to single-family residential units,” Walden said.

Principal 418

Principal Residential New Construction Land 418

Housing Wire

MARCH 10, 2022

The gain-on-sale margin on originations declined from 5% in 2020 to 4.02% in 2021, but at the end of the fourth quarter, it had fallen to 3.47%, generally consistent with industry trends. The company’s unpaid principal balance increased 18% last year to $70.9 billion in loan originations, at a gain on sale margin of 4.15%.

Marketing 435

Marketing Loans Principal Mortgages 435

Housing Wire

APRIL 1, 2021

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 billion, according to a note released Wednesday by Nima Wedlake, a principal at Thomvest Ventures. 2 in sales volume among all brokerages, trailing only Realogy, according to RealTrends data released last week.

Brokerage 428

Brokerage Principal Loans Branding 428

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.”. Existing home sales declined for seven consecutive months in August, declining 0.4% year-over-year.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

MAY 16, 2022

million) are among the non-bank lenders that benefited from the sale of MSRs, offsetting the decline in closed loan volume in the first quarter of 2022. UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2

Principal 397

Principal Banks Loans Lending 397

Housing Wire

MAY 3, 2022

New Residential Investment Corp.’ The MSR portfolio totaled $626 billion in unpaid principal balance in March, compared to $629 billion in December. According to Michael Nierenberg, CEO of New Residential, the company generated a 5% return to shareholders and grew its book value by 10% in the first quarter. funded $26.9

Residential 370

Residential Principal Loans Mortgages 370

Sotheby's International Real Estate

JANUARY 20, 2022

Ordino, The Principality of Andorra | Narcís Socías Tomàs, Andorra Sotheby’s International Realty . This brand new, magnificent property for sale in Ordino is in an exclusive residential area located in the middle of nature with breathtaking views.

Principal 96

Principal Residential Development Branding 96

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 22, 2023

However, inventory challenges persist as the number of existing homes for sale remains very low. Chairman Powell made clear today that the pause at this month’s meeting was most likely temporary,” Marty Green, principal at the law firm for residential mortgage lenders Polunsky Beitel Green , said in a statement.

Mortgages 418

Mortgages Principal Loans Residential 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

NOVEMBER 17, 2022

The executive spoke during a panel at the 8th Annual Residential Mortgage Servicing Rights Forum, a conference held in Manhattan on November 14 and 15. Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight.

Marketing 448

Marketing Lending Loans Principal 448

Housing Wire

FEBRUARY 16, 2022

About $180 billion in residential bulk MSR assets were brought to market just in the month of January, “and February will be another huge month as well,” according to Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corporation (MIAC). “So billion in 2020 to $138.4 billion for 2019.

Marketing 397

Marketing Banks Principal Loans 397

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

APRIL 5, 2022

It should be noted that while the acceptability of a property value or sales price based on the use of proprietary models and market data is assessed, it does so without Fannie Mae having performed a property review or having obtained a valuation of the property,” the KBRA report states, referring to the appraisal waivers. billion.

Loans 397

Loans Investor Equity Principal 397

Housing Wire

MARCH 22, 2023

The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. After dropping for 12 months, existing home sales rebounded in February, climbing 14.5% The national median existing-home sale price fell 0.2% month over month to a seasonally adjusted annual rate of 4.58

Industrial 418

Industrial Mortgages Purchase and sale agreement Banks 418

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

MARCH 21, 2022

Principal and interest payments are paid to investors on the CRT notes they acquire, but if credit losses on the reference pool exceed a predefined threshold, then investors are responsible for absorbing the losses exceeding that level. billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3

Loans 370

Loans Investor Mortgages Residential 370

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. Existing home sales dropped 2.4% in April from March to 5.61

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

JULY 27, 2023

Existing home sales dropped to a seasonally adjusted annual rate of 4.16 Year-over-year, sales dipped 18.90% from 5.13 Hale expects the number of home homes for sale to decline this year, and continue to be a damper on home sales. “A million in June from the previous month. million in June 2022.

Construction 370

Construction Mortgages Sales Banks 370

Housing Wire

JUNE 27, 2022

It should be noted that while the acceptability of a property value or sales price based on the use of proprietary models and market data is assessed,” the KBRA report states, “it does so without Fannie Mae having performed a property review or having obtained a valuation of the property.

Loans 370

Loans Investor Principal Mortgages 370

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 482

Finance Seller concession Loan Officer Loans 482