Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011.

Mortgage 428

Mortgage Investors Investing Loan Officers 428

Housing Wire

FEBRUARY 10, 2023

This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call on Friday. residential markets over the last decade.

Investing 370

Investing Investors Insurance Government 370

Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). Signature’s closure followed Silicon Valley Bank ’s collapse on Friday, the biggest bank failure since Washington Mutual in 2008.

Insurance 370

Insurance Investors Real Estate Mortgage 370

Housing Wire

JULY 18, 2024

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. These proposals build upon several changes FHA made to the HECM program on Jan. 19, 2017, which went into effect later that year.

Mortgage 445

Mortgage Design Insurance Lending 445

Housing Wire

JANUARY 20, 2023

Big Four title insurer Old Republic is on the lookout for a new CEO after Mark Bilbrey announced on Thursday that he would be retiring at the end of January. Just seven years later, Bilbrey and other investors purchased the firm, which was eventually sold to First American in 2003. Bilbrey has served as the firm’s CEO since 2019.

Insurance 397

Insurance Investors Marketing 397

Housing Wire

JUNE 9, 2021

Following the 2008 financial crisis, the federal commission examining the causes concluded that loans made by CRA-regulated lenders in neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law.

Lending 516

Lending Development Government Finance 516

Housing Wire

AUGUST 1, 2023

The private New York-based company, founded in 2008, manages third-party capital on behalf of insurance companies, pension funds, hedge funds and other investors. “We We continue to see significant volumes of MSRs trading in the marketplace with attractive yields.

Investors 370

Investors Design Insurance Investing 370

Housing Wire

JANUARY 13, 2021

Thanks in large part to these programs, the sort of housing market crisis of the 2008-2009 Great Recession has thus far been avoided. Many of these challenges persist today, while new ones – like post-forbearance credit reporting, investor and year-end reporting for deferred balances – continue to arise. Investor reporting.

Mortgage 488

Mortgage Investors Technology Housing Market 488

Housing Wire

FEBRUARY 14, 2024

The rapid collapse of four regional banks that began last March shocked regulators and investors alike. Since the Federal Deposit Insurance Corporation (FDIC) insures only up $250,000, the banks’ wealthier customers panicked and demanded all of their money immediately. By the end of Feb.

Mortgage 468

Mortgage Real Estate Insurance Tenants 468

Housing Wire

SEPTEMBER 22, 2022

The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008. Rate hikes also impact real estate investors. “Russia’s war against Ukraine is causing tremendous human and economic hardship. “The

Real Estate 417

Real Estate Housing Market Mortgage Brokerage 417

Housing Wire

MARCH 13, 2023

Following the collapse of Silicon Valley Bank last week, the biggest bank failure since Washington Mutual in 2008, two other American banks with significant roles in the housing industry were hit by a deposit run. Investors running from riskier assets are buying bonds, causing mortgage rates to fall.

Mortgage 370

Mortgage Marketing Insurance Real Estate 370

Housing Wire

AUGUST 19, 2022

Since the 2008 financial crisis, a significant structural change has taken place which over time threatens the long-term stability of housing finance. Should an issuer fail, Ginnie Mae is responsible for passing along payments to investors in Ginnie MBS. We saw this with several large nonbank institutions during the 2008 crisis.

Finance 370

Finance Insurance Mortgage Business 370

Housing Wire

AUGUST 24, 2023

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. What to expect with the Fed ?

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

APRIL 7, 2022

In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. million in 2020 during the refi-boom and with the market headed into a correction, executives warned investors revenue would plummet.

Mortgage 397

Mortgage Technology Clients Insurance 397

Housing Wire

OCTOBER 28, 2021

CHLA is calling on FHFA to take the additional step of barring volume discounts for large lenders in mortgage insurance (MI) coverage of high-LTV GSE loans. First, in January, a long-time FHFA policy of guarantee fee parity (no volume discounts for large lenders) was formalized and made permanent under amendments to the Treasury PSPAs.

Mortgage 487

Mortgage Contracts Insurance Realtors 487

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. It was the biggest bank failure since Washington Mutual collapsed in 2008. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said.

Mortgage 370

Mortgage Retail Clients Contracts 370

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. million) carry variable rates set to some benchmark.

Supply Chain 418

Supply Chain Mortgage Investors Business 418

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. These big banks attract customers by offering low rates on home loans; then, they try to sell those clients credit cards, insurance and other products and services. from June 2022.

Insurance 370

Insurance Mortgage Lending Clients 370

Housing Wire

JUNE 27, 2022

Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. All-cash sales made up 25% of transactions in May, with 16% coming from individual investors or second-home buyers taking advantage of the rising demand for renting, according to the NAR.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Appraisal Buzz

AUGUST 30, 2024

As Chief Strategy Officer for Stavvy, Hernandez spearheads the company’s engagement with strategic industry partners, including investors and government agencies, supports the company’s M&A activities, and promotes its vision for innovation in mortgage operations with internal and external stakeholders.

Mortgage 221

Mortgage Client Relationships Law Finance 221

Housing Wire

AUGUST 25, 2022

.” Lenders are making a play with jumbo adjustable-rate mortgages (ARM), a product that has made a comeback after falling out of favor due to their role in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. But non-QM is a fairly dangerous space right now. and Sprout Mortgage. ” Tapping that equity.

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Housing Wire

DECEMBER 28, 2023

This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. People always know people [who are] buying.

Business 459

Business Mortgage Loan Officers Inventory 459

Appraisal Buzz

JUNE 21, 2024

Angel Hernandez spearheads Stavvy’s engagement with strategic industry partners, including investors and government agencies, supports the company’s M&A activities, and promotes Stavvy’s vision for innovation in mortgage operations with internal and external stakeholders. He accepted his current position in 2012. Trevayne is former U.S.

Law 195

Law Property Management Technology Legal 195

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Some are especially haunted by the Great Recession between 2008 and 2011. Because the timeline is longer, Bymel said the cost of a foreclosure process will increase for servicers and investors. “I of the U.S. population.

Law 370

Law Mortgage Legal Finance 370

D Fritz Appraisals

JULY 7, 2021

2020 and 2021’s low interest rates have driven high amounts of investor activity, causing homes to be bought up in just moments after listing, or even before hitting the market. Some industry experts believe a lot of the market demand this year could have been due to fear of missing out (FOMO), particularly for investors.

Real Estate 140

Real Estate Appraisal Buyers Valuation 140

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 75

Appraisal Contracts Investors Property Appraisal 75

Housing Wire

JANUARY 17, 2024

Fannie Mae and Freddie Mac are in the spotlight again over the role some housing-industry experts say they could play in reducing mortgage rates if they resumed a more active investor role in the mortgage-backed securities (MBS) market. As a result of particularly Silicon Valley, the FDIC [ Federal Deposit Insurance Corp.

Marketing 478

Marketing Investors Mortgage Finance 478

Eppraisal

APRIL 21, 2023

Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA). Skittish investors flock to conservative vehicles like bonds and treasury bills. Banks are more than depositories.

Lending 28

Lending Housing Market Marketing Real Estate 28

Listing Spark

OCTOBER 13, 2022

In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58] 00:19:04] Why the current housing market is different than what happened in 2008. The last time there was a housing market crash in 2008, lenders played a big role. So you should never buy something you can’t afford.”. [00:19:04]

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Assurance Financial

JUNE 15, 2023

Its purpose is to provide liquidity and stability to the housing market by buying mortgages from home loan lenders and securitizing them into mortgage-backed securities (MBS) that are sold to investors. mortgage market by purchasing mortgages from lenders, pooling them together and then selling them as mortgage-backed securities to investors.

Government 36

Government Housing Market Mortgage Investors 36

Property Metrics

DECEMBER 10, 2021

To minimize or defer the tax bill when selling investment real estate, investors commonly use what’s known as a 1031 or Like Kind Exchange. Because the money that would have been paid in taxes can be re-deployed, investors are often able to buy a more expensive property than would have been possible had they paid capital gains taxes.

Investors 36

Investors Market Value Investing Real Estate 36

Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

JANUARY 18, 2021

In December, AmTrust Title Insurance Company announced the hiring of seasoned underwriter Mary Shelley as its midwest region agency underwriter. ” Shelley worked as escrow office and examiner for National Commercial Services at Stewart Title for five years, and at Precision Title from 2008 to 2015 as senior title officer.

Mortgage 521

Mortgage Real Estate Agent Insurance Appraisal 521

Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Remember: real estate is hyper-local! I May Need To Sell.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

JULY 15, 2022

She is talking about an investor buying and renting many rooms in a house, sometimes changing the floor plan. Many homes were changed to investor-purchased Airbnbs with few home rentals available for local residents. Remember 2008? My insurer (and some others) offer it free for long-time customers. Just Say No!

Appraisal 59

Appraisal Inspection Contracts Business 59

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Is the juice worth the squeeze?

Insurance 448

Insurance Mortgage Investors Renovations 448