Housing Wire

JULY 17, 2023

Mozilo avoided working with subprime loans until the late 1990s, when after noticing that his firm was losing business to competitors, Countywide embraced the type of subprime mortgage lending that eventually led to the housing crisis in 2008. And they did it at a massive scale. Mozilo settled with the SEC in October 2010 for $67.5

Lending 370

Lending Business Mortgage Government 370

Housing Wire

DECEMBER 13, 2024

Planet Financial Group , the parent company of Planet Home Lending , completed the issuance of $475 million in senior unsecured notes this week, the latest mortgage company to raise debt in an oversubscribed transaction. The offering, priced at 6.625% with senior notes maturing in 2030, was aimed at qualified investors.

Retail 344

Retail Loan Officers Investors Lending 344

Housing Wire

MAY 31, 2022

Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm. New Western calls itself “the largest private source of investment properties in the country,” connecting more than 100,000 local investors looking to rehab houses with sellers. Department of Agriculture (USDA).

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Mortgage Construction Lending Real Estate 397

Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. The company also serves “100%” of reverse mortgage investors, according to the sale announcement.

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Development Modernization Technology Mortgage 397

Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. Securities and Exchange Commission.

Contracts 397

Contracts Lending Investing Investors 397

Housing Wire

JULY 18, 2022

Keith Lind, CEO of Acra Lending , a leading non-QM lender, said tapping the PLS market as a liquidity channel has been a challenge in 2022 for many lenders — especially for nonbanks trying to digest a lot of lower-rate loans that have essentially been “orphaned by the market.”.

Marketing 418

Marketing Investors Mortgage Lending 418

Housing Wire

NOVEMBER 10, 2020

Liquidity had dried up and bond investors were running for the hills. So when that happens, you don’t originate, you don’t lend at par for something at 88. It wasn’t that borrowers weren’t performing, it was that the investors didn’t have a broad appetite.”. So you stop.”. Everyone bowed out. And it doesn’t.

Business 459

Business Mortgage Investors Loan Officers 459

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. Other established names to make the Inc.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

JANUARY 24, 2022

Non-QM mortgages include loans to the self-employed, such as small-business owners or gig workers, and other borrowers who fall outside the box of agency lending guidelines.). Six non-QM private-label securitizations backed by 4,600 loans valued at $2.8

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Lending Mortgage Finance Housing Market 370

Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. However, 60% of these investors bet officials will impose a rate hike at the July 26 meeting. What’s next?

Mortgage 397

Mortgage Real Estate Investors Marketing 397

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Tighter mortgage underwriting : Lending standards are much tighter today than during the mid-2000s. The combination of these factors has some feeling 2008 déjà vu.

Housing Market 397

Housing Market Finance Marketing Mortgage 397

Appraisal Buzz

JULY 5, 2024

During this webinar, Fitch Ratings will present a cross-section of industry stakeholders discussing the drivers of housing economy expansion, factors impacting homebuilder credit, the home loan lending environment, and mortgage delinquency expectations. He joined Fitch in 2007, and has held various roles since then.

Housing Market 361

Housing Market Marketing Finance Development 361

Housing Wire

OCTOBER 7, 2022

Adding to the global lender’s woes this week was investor speculation on social media questioning the bank’s stability. RMBS market. “… Loans are actively sold to various investors in both whole loan sales and securitized transactions, depending on client appetite. We believe the U.S. this year through September. “The

Supply Chain 418

Supply Chain Mortgage Investors Business 418

Housing Wire

APRIL 8, 2022

As you can see above, the monthly supply in 2006, 2007, 2008, 2009, 2010, and 2011 was above 6 months on average, running at 8.71 housing market, and we should never ease lending standards to try to facilitate demand. Lending standards are already liberal enough, so we don’t need to go down that avenue. Time will tell on that.

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

OCTOBER 19, 2023

And then there are some areas that are specific to our products in the non-QM lending space where there may not be anything in the market that is pre-built or off the shelf and the only opportunity to actually bring some of our lending products to market or execute on our on our strategies is to build something custom.

Technology 434

Technology Tools Investing Lending 434

Housing Wire

SEPTEMBER 28, 2023

From 2007 through mid-2013, approximately 5.5 The mortgage lending industry exists to make home loans, not to repossess them. This is a direct reaction to the surge of single family home purchases by investors seeking to subsequently rent those properties. million households lost their homes to foreclosure. Nor should it be.

Legal 448

Legal Training Real Estate Business 448

Housing Wire

SEPTEMBER 22, 2022

The mortgage industry was on a “sugar high” in the last two years, added Lonnie Glessner, senior vice president of residential lending at Draper & Kramer Mortgage. Despite the market slowdown, it hardly resembles the subprime mortgage crisis of 2007, loan officers and mortgage brokers said.

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Appraisal Buzz

SEPTEMBER 25, 2024

Education continued Wednesday for attendees of the 2024 Five Star Conference at the Omni Hotel in Dallas, as investors, service providers, and subject-matter experts took part in the Single-Family Rental Roundtable discussion. Welcome Remarks were presented by Single-Family Rental Roundtable host, Kelly Brooks , CEO of Property Masters.

Marketing 221

Marketing Property Management Investing Real Estate 221

Housing Wire

AUGUST 30, 2022

Nor can we ever have a credit sales boom again with lending standards back to normal. I am not talking about investors; I am talking about primary resident homeowners. I understand why anti-Central Bank people say this because they want to blame everything on the Federal Reserve and say it’s just been booming demand. million listings.

Inventory 397

Inventory New Listings Law Housing Market 397

Patch of Land

APRIL 17, 2018

The percentage of flips completed with financing could signal more interest from real estate investors as the lending market for fix-and-flip real estate investors matures with competitive interest rates that more closely resemble buying with cash. billion in 2016, and the highest since 2007. billion, up from $12.7

Finance 39

Finance Investors Real Estate Retail 39

Appraisal Today

AUGUST 23, 2024

Billionaire Getty Heir Puts Extraordinary Greek Temple (Temple of Wings) on the Market for $5 Million Redfin Reports Investor Home Purchases Post Biggest Increase in Two Years The Biggest Home in Each State Objectionable Valuations Become Hate Speech, Inflating Home Prices Mortgage applications decreased 10.1 Investor purchases of U.S.

Appraisal 68

Appraisal Contracts Investors Property Appraisal 68

Housing Wire

APRIL 20, 2022

The mortgage markets of 2007 and 2020 remind us that there is no durable mortgage market without federal backing (including the banking system). Nongovernment-backed lending disappeared in both cases virtually overnight. Are credit and fair lending standards needed? housing market. But then begins the regulation journey.

Housing Market 459

Housing Market Marketing Lending Investing 459

Appraisal Today

AUGUST 5, 2022

Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Be sure to put in a comment requesting it. ==. Find out why not.

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Appraisal Valuation Contracts Modernization 59

Appraisal Today

MAY 26, 2023

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Added Kan, “Investors remained attuned to the uncertainty around the U.S. . … Roberts faces a maximum of five years in prison and will be sentenced in six months.

Easement 52

Easement Contracts Appraisal Inspection 52

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. We are nowhere near that!

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Patch of Land

OCTOBER 5, 2018

Congress has opportunities to address some of the challenges financial technology firms face in the lending sector. The pace of financial technology innovation in the alternative lending space is nothing short of phenomenal, but it has meant headaches for lenders and vendors waiting for regulation to play catch-up.

Lending 35

Lending Law Technology Investors 35