Housing Wire

JUNE 15, 2022

Two new single-family rental (SFR) securitization deals sponsored by large institutional players — often described as “Wall Street” investors — hit the private label market in June, bringing the total deal count so far this year to 10. The Progress Residential SFR platform was launched in 2012 “to capitalize on dislocation in the U.S.

Investors 397

Investors Investing Inventory Real Estate 397

Housing Wire

SEPTEMBER 4, 2024

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18 , which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage ( HECM ) program claims proposed in July. HERMIT was launched by HUD in October 2012 after a protracted development cycle.

Mortgage 459

Mortgage Legal Development Insurance 459

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. Floify was founded in 2012 by Dave Sims, who is CEO of the company. Investors reacted positively to the acquisition, with shares increasing by 12% to $19.93 The acquisition cost Porch about $76.5

Mortgage 418

Mortgage Logistics Insurance Real Estate Agent 418

Housing Wire

SEPTEMBER 27, 2022

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps. The case, filed in U.S.

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Government Investors Law Finance 545

Housing Wire

OCTOBER 12, 2021

Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall rose by 1.5% in September, the highest level since May.

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Government Investors Mortgage Buyers 514

Housing Wire

OCTOBER 17, 2024

Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. In early October, Wells Fargo analysts wrote in a report that they “see a long runway for FICO to continue increasing its prices in mortgage and other verticals.”

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Investors Retail Mortgage Business 531

Housing Wire

MARCH 21, 2024

(FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk. Julie May, vice president and general manager of B2B Scores at FICO, said that in the mortgage space, the company charges “$3.50 ” Representatives at the DOJ did not reply to requests for comment.

Mortgage 476

Mortgage Government Marketing Business 476

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question of feast or famine. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM.

Mortgage 418

Mortgage Investors Business Lending 418

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 370

Mortgage Technology Lending Modernization 370

Housing Wire

FEBRUARY 10, 2021

The company said Nunnink, who brings nearly a decade of experience working with Freddie Mac’s Optigo network, will leverage her relationships with investors, lenders and borrowers to drive industry-wide outcomes. “At Before that, Nunnink held various production roles for banks and investment groups.

Investors 529

Investors Development Legal Business 529

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. Imagine if mortgage rates didn’t rise this year. Also, certain investors felt no fear post-2020. census divisions, reported a 20.4%

Housing Market 482

Housing Market Marketing Inventory Investors 482

Housing Wire

AUGUST 14, 2023

The regulator of Fannie Mae and Freddie Mac improperly amended stock purchase agreements in 2012 when it allowed the U.S. A group of GSE investors alleged that the government knew the GSEs would turn a huge profit after a $100 billion bailout from the Treasury in 2008. Investors cried foul. “By found Monday.

Investors 370

Investors Government Law Investing 370

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. “The As that uncertainty drains away, mortgage rates will have smaller day-to-day swings.” What does it mean for buyers, sellers?

Mortgage 418

Mortgage Sellers Buyers Housing Market 418

Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

Mortgage 435

Mortgage Inventory Housing Market Business 435

Housing Wire

DECEMBER 28, 2023

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. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 459

Business Mortgage Loan Officers Inventory 459

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. The company also announced expectations to have a total of 219.6

Technology 397

Technology Mortgage Valuation Insurance 397

Appraisal Buzz

DECEMBER 10, 2024

Mortgage credit availability decreased in November, falling 3.3% on the Mortgage Bankers Associations (MBA) Mortgage Credit Availability Index (MCAI). The index was benchmarked to 100 in March 2012. The index was benchmarked to 100 in March 2012. compared with October to a score of 95.9

Mortgage 195

Mortgage Government Lending Investors 195

Housing Wire

JANUARY 8, 2024

To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. Granted, mortgage rates aren’t at their pandemic lows, but historically they are in line with what homeowners have typically paid. Since 2012, the average rate has been 7.7%. million in 20 years.*

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Lending Development Investors Finance 458

Housing Wire

OCTOBER 12, 2020

Some of their biggest hits (or should I say misses) in the last 8 years have been the never-realized silver tsunami crash, the ever popular investor supply crash, the Airbnb supply crash, and this year, COVID-19 was for sure going to send prices crashing 30%-50%. Mortgage demand, too, is at an 11-year high.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

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Loan Officers Lending Mortgage Housing Market 476

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

MAY 19, 2022

However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. Spoiler: If you haven’t realized that the housing market since 2012 has been trolled out by professional grifters who don’t ever forecast sales, that is on you. We are sitting with just 2.2

Housing Market 528

Housing Market Marketing Inventory Realtors 528

Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

Insurance 459

Insurance Finance Government Mortgage 459

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

Marketing 435

Marketing Investors Mortgage Legal 435

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .”

Insurance 397

Insurance Investors Technology Real Estate Agent 397

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. The mortgage industry has been moving in the direction of being more digital. Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added. trillion U.S.

Investing 508

Investing Loan Officers Technology Development 508

Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. For the full year, the RMBS 2.0

Marketing 435

Marketing Investing Investors Real Estate 435

Housing Wire

SEPTEMBER 13, 2022

The mortgage credit availability index (MCAI) fell marginally by 0.5% in August from the previous month, according to the Mortgage Bankers Association (MBA). A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit.

Lending 370

Lending Government Mortgage Investors 370

Housing Wire

FEBRUARY 10, 2021

The company said Nunnink, who brings nearly a decade of experience working with Freddie Mac’s Optigo network, will leverage her relationships with investors, lenders and borrowers to drive industry-wide outcomes. “At Before that, Nunnink held various production roles for banks and investment groups.

Investors 370

Investors Development Legal Business 370

Housing Wire

FEBRUARY 9, 2021

Mega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with the launch of several new product lines. Back in March, Mega Capital Funding became one of many mortgage lenders that ceased all non-QM operations. Now, many investors are once again returning to the non-QM space. in January.

Lending 370

Lending Investors Mortgage Marketing 370

Housing Wire

SEPTEMBER 4, 2024

. “I am thrilled to bring my decades of experience in real estate finance to Pretium as the company scales its efforts in real estate debt, and continues to create value for homebuilders, investors and communities,” Kulvin said.

Finance 448

Finance Real Estate Investing Development 448

Housing Wire

MAY 18, 2023

Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019. Since purchase application is very seasonal, and that seasonality is almost done after May, we should now be watching mortgage rates. Mortgage rates moving up and down have moved the market. million, up from 1.03 million last year.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

DECEMBER 22, 2021

It’s the same reason I have given for many years: the American bears who are typically housing crash addicts can’t read data correctly, and the mortgage purchase application data just proved my point once again. Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market.

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Inventory Housing Market Investors Marketing 516

Appraisal Buzz

AUGUST 28, 2024

Investors are still coming in with all-cash offers on homes that need to be renovated. Traditional buyers are putting down large down payments to try and lower their mortgage payment,” said Annie Foushee , a Redfin Agent in Denver. The percentage of all-cash sales generally follows the same trend as the rise and fall of mortgage rates.

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Buyers Investors Renovations Mortgage 417

Housing Wire

NOVEMBER 17, 2021

It also directed the GSEs to transfer a significant amount of risk to private investors. The GSEs should work to increase the availability of small-balance mortgages, the scorecard instructed, and make recommendations to facilitate greater affordable housing supply. Those goals would take effect starting in 2022.

Finance 418

Finance Government Tools Investors 418

Appraisal Buzz

OCTOBER 15, 2024

Mortgage credit availability decreased in September, falling 0.5% on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The index was benchmarked to 100 in March 2012. Last month, the MBA reported that mortgage credit availability had increased 0.9% to a score of 98.5

Mortgage 195

Mortgage Government Lending Investors 195