Housing Wire

FEBRUARY 13, 2024

According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community.

Sales 482

Sales Principal Staging Construction 482

Housing Wire

APRIL 25, 2023

New home sales posted yet another increase in March, rising 9.6% This is the fourth straight month of new home sales increases. On a year-over -year basis, however, new home sales are still down 3.4%. On a year-over -year basis, however, new home sales are still down 3.4%. months of supply at the current sales pace.

Sales 435

Sales Construction New Construction Principal 435

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. From NAR: Total existing-home sales waned 7.7%

Sales 531

Sales Mortgages Short sale Principal 531

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 Terms of the sale were not disclosed. million; pool 2, 2,217 loans valued at $338.9

Sales 418

Sales Principal Loans Banks 418

Housing Wire

MARCH 23, 2023

New home sales continued to rise in February, jumping 1.1% On a year-over-year basis, however, new home sales are still down 19.0%. New home sales increased in February for the third straight month, in a sign that the market may be stabilizing,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. “New

Sales 435

Sales Principal MLS Mortgages 435

Housing Wire

MAY 12, 2022

billion in proceeds from those MSR sales — with UWM accounting for $871.8 That rising value, in turn, can make sales of MSRs a lucrative option for supplementing otherwise dour revenue streams. During the first quarter of 2022, UWM sold MSRs “on loans with an aggregate UPB [unpaid principal balance] of approximately $56.6

Sales 397

Sales Purchase and sale agreement Principal Loans 397

Housing Wire

OCTOBER 30, 2024

This resulted from a portfolio of $878 billion in unpaid principal balance (UPB), including $755 billion in mortgage servicing rights (MSRs) owned by the company. Gain-on-sale margins improved to 1.23% in the third quarter, up from 1.05% in the previous quarter.

Equity 434

Equity Principal Mortgages Lending 434

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 transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

Loans 370

Loans Purchase and sale agreement Sales Principal 370

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

NOVEMBER 5, 2024

Its pull-through gain-on-sale margin was 3.29% in Q3 2024, compared to 3.22% in Q2 2024. Regarding loanDepot’s servicing portfolio, the unpaid principal balance (UPB) increased to $114.9 The pull-through gain-on-sale margin is expected to be between 2.85% and 3.05%. Origination volume was $6.7 billion on Sept.

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

DECEMBER 21, 2022

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

Sales 397

Sales Mortgages Principal Days on market 397

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 387

Investor Sales Mortgages Loan Officer 387

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

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

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 We estimate that an MSR sale could benefit CET 1 by 10-15 bp.” NYCB became a large mortgage servicer after the acquisition of Flagstar Bank in December 2022. billion, analysts wrote in a report on Monday.

Sales 463

Sales Banks Principal Loans 463

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 446

Sales Loan Officer Principal Loans 446

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 296

Lending Technology Title Development 296

Housing Wire

AUGUST 10, 2022

The unpaid principal balance of mortgage loans that UWM services for others as of June 30 stood at $308.1 The sale of MSRs does not directly impact earnings as a revenue stream, given the MSRs are already accounted for as assets on the balance sheet. million increase in the fair market value of its MSR portfolio.

Sales 418

Sales Purchase and sale agreement Loans Mortgages 418

Housing Wire

MARCH 19, 2025

. “With Smitty joining the leadership team and June contributing her expertise to our faculty, we are forming a powerhouse of knowledge, innovation, and support for both agents and clients, Jeffrey Finn, the principal broker of United Real Estate Richmond, said in a statement.

Brokerage 201

Brokerage Principal Agents Industrial 201

Housing Wire

AUGUST 16, 2024

billion in sales since 2018. Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. These values align seamlessly with the Compass culture.

Principal 447

Principal Brokerage Development Construction 447

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 sale of non-performing loans is being marketed with the help of BofA Securities Inc. million.

Principal 448

Principal Loans Investor Residential 448

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

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

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

FEBRUARY 19, 2025

decrease on the national median sale price. Compass also grew its national market share by 65 basis points during the year ending in December, grabbing a 5.06% share of all home sales in Q4 2024. The data also suggests that the impact is greatest among the lowest-priced homes. less and those in the next lowest tier sell for 2.7%

MLS 263

MLS Brokerage Principal Agents 263

Housing Wire

OCTOBER 11, 2021

Median existing home sales prices rose 15.6% To calculate the housing affordability index, a 20% down payment and a 25% ratio of principal and interest payment to income, is assumed. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior. in the same time period.

Principal 545

Principal Mortgages Sales As-is 545

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. We opportunistically took advantage of strong market conditions and monetized approximately $29 billion of unpaid principal balance of our mortgage servicing rights. billion in the previous quarter and below the $6.3

Purchase and sale agreement 448

Purchase and sale agreement Principal Loan Officer Mortgages 448

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. million in sales in 2022, according to the RealTrends 2023 America’s Best list.

Principal 459

Principal Brokerage Technology Agents 459

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

NOVEMBER 4, 2022

The lender’s gain-on-sale margins dropped to 52 bps points from the previous quarter’s 99 bps. UWM had $306 billion in the unpaid principal balance of MSRs as of September 30, compared to $308.1 UWM expects gain-on-sale margins to post around 75 to 100 bps in 2022. “We However, the strategy has come at a cost.

Principal 87

Principal Loan Officer Loans Mortgages 87

Housing Wire

FEBRUARY 21, 2024

The new option Partial claims are interest-free loans from HUD that borrowers use to make their payments current, with the remainder of the late payments added to the principal and extended for 30 years. During this period, the mortgage will not be modified, facilitating the sale to Ginnie Mae.

Principal 459

Principal Loans Mortgages Renovation 459

Housing Wire

SEPTEMBER 29, 2023

homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5% the month prior. Due to a lack of supply, prices overall have been on the upswing.

Mortgages 516

Mortgages Principal Brokerage Finance 516

Housing Wire

JULY 1, 2024

In this role, Kaufman will oversee sales and marketing efforts for the company’s new development projects across Florida and North Carolina. Prior to that venture, Kaufman was a vice president and principal of a luxury residential real estate marketing firm.

Principal 434

Principal Residential Development Sales 434

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

MAY 19, 2023

The company’s unpaid principal balance reached $524.8 ” Rocket’s transaction follows the sale of billions in MSRs this year in the secondary market. Despite the MSR sale, Rocket’s executives hinted at buying servicing portfolios in a call with analysts several weeks ago.

Principal 109

Principal Loans Mortgages Banks 109

Housing Wire

JANUARY 22, 2024

In November of 2019 the number of single-family homes for sale was at 6,000. The market in Indianapolis is very cyclical,” Carrie Holle, Realtor and principal of the Carrie Holle Group with Compass , told HousingWire. Indianapolis is more affordable than much of the country. 19, down from 54.79% on Nov. 10, 2023. “The

Marketing 468

Marketing Principal Land Mortgages 468

Housing Wire

MAY 9, 2024

The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted in a non-GAAP net income of $141 million from January to March, compared to a $361 million loss in the previous quarter. billion in unpaid principal balance (UPB), compared to $299.5

Sales 273

Sales Principal Loans Mortgages 273