Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HousingWire: What sets you apart from other non-QM lenders and how does that benefit originators and investors?

Lending 406

Lending Clients Investing Investors 406

Housing Wire

MAY 11, 2022

Dubbed the “Homepoint Cash Compete,” the fintech platform provides home shoppers with the cash needed to compete with investors and other more attractive offers, according to the lender. Planet Home Lending entered into a $2.5 The post Homepoint lends homebuyers the power of all-cash offers appeared first on HousingWire.

Lending 397

Lending Investors Real Estate Agent Finance 397

Housing Wire

APRIL 8, 2021

In early 2020, Zoom was barely a known company in America. Low mortgage rates, driven by quantitative easing by the Federal Reserve helped fuel a boom in both mortgage refinancing and purchases, making 2020 the second-best year in U.S. For those that have focused on purchase lending, they will see less of a drop in total volume.

Development 448

Development Lending Mortgage Marketing 448

Housing Wire

DECEMBER 7, 2022

The Consumer Financial Protection Bureau stated on Tuesday that it will be lenient when enforcing changes made in the 2020 Home Mortgage Disclosure Act Final Rule on the closed-end loan reporting threshold. On September 23, 2020, the U.S. How to reach the growing segment of Hispanic American homebuyers in 2023.

Mortgage 370

Mortgage Lending Investors Housing Market 370

Housing Wire

DECEMBER 14, 2021

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ). And it is growing fast, he added. “We’re

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Lending Technology Government Investors 397

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. billion in 2021, up 9% compared to 2020, mainly due to reverse and commercial businesses. Finance of America funded $35.6

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Finance Investors Mortgage Home Improvement 397

Housing Wire

DECEMBER 7, 2020

billion in MSR transferred across the secondary market during the third quarter of 2020. Rocket Companies, which went public in August and was valued at approximately $38 billion, disclosed to investors that it retains servicing rights on the vast majority of mortgages it originates in the U.S. In fact, roughly $70.8

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Lending Investors Finance Mortgage 321

Housing Wire

MARCH 2, 2021

Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. Altisource’s expertise and proven experience enable us to offer economical due diligence solutions for HELOC lenders, servicers and investors.

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Valuation Lending Real Estate Investors 383

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. We are a solution provider,” said Keith Murray, president and CEO of VRM.

Lending 395

Lending Clients Investors Training 395

Housing Wire

FEBRUARY 3, 2021

Pacific Western Bank , the wholly owned subsidiary of PacWest Bancorp , announced Tuesday it had acquired Civic Financial Services , a private money lender that caters to real estate investors. Civic typically loans money to investors who need bridge loans, financing for flips, rentals or rehab projects.

Investors 441

Investors Real Estate Lending Investing 441

Housing Wire

JUNE 18, 2021

That number is down from 4.8%, or one in every 21 home sales in the nation during the fourth quarter of 2020. It’s also down from 7.5%, or one in 13 sales, in the first quarter of 2020. in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. Presented by: Acra Lending. Of the 32,526 U.S.

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Investors Investing Lending Inventory 501

Housing Wire

MARCH 25, 2021

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. The capital raise follows a $5 million Series A funding round in June 2020. mortgage market.

Mortgage 448

Mortgage Lending Technology Loan Officers 448

Housing Wire

FEBRUARY 4, 2021

This would be a premium of 51% to CoreLogic’s unaffected share price as of June 25, 2020. Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said.

Legal 482

Legal Investors Lending Finance 482

Housing Wire

OCTOBER 5, 2023

His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

Technology 435

Technology Real Estate Lending Investors 435

Housing Wire

FEBRUARY 9, 2021

HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021. We saw and endured COVID force a pause on the business and had to quickly respond and adapt to continue to lend. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards.

Lending 448

Lending Loan Officers Business Investors 448

Housing Wire

MARCH 21, 2025

Despite having lower overall volumes when compared to the forward mortgage business, Liberty Reverse Mortgage remains one of the more profitable segments of parent company Onity Group s portfolio, according to information shared by executive leaders at a recent investor presentation.

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Development Investors Mortgage Business 221

Housing Wire

JANUARY 28, 2021

Separate to the Homepoint IPO, Home Point Capital raised $500 million in a debt offering earlier this month, returning half of the proceeds to original investors and shareholders affiliated with its private equity backers. It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1.

Retail 534

Retail Lending Valuation Mortgage 534

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. Presented by: Sagent Lending Technologies.

Technology 448

Technology Lending Investors Modernization 448

Housing Wire

MAY 26, 2021

DeVito was head of home lending at Wells Fargo at the time he stepped down from the depository bank. New GSE guideline updates to Fannie and Freddie forces them to cap the amount of second home and investor properties delivered at 7%. Presented by: Acra Lending. “I How new GSE guidelines will push more borrowers to non-QM.

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Lending Government Investors Mortgage 516

Simonson Real Estate

AUGUST 24, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. .

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Lending Construction Tenants Real Estate 148

Housing Wire

APRIL 24, 2024

In May 2020, Brenning also founded and led Amerisave Wholesale Mortgage Solutions , a technology- and service-driven wholesale lending platform. “I In February , AFR was acquired by a group of investors led by Colorado-based fund manager Proprietary Capital.

Lending 435

Lending Investors Technology Clients 435

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. Edison Financial is one of Rocket Mortgage’s first international expansions, according to an investor prospectus for Rocket Companies’ initial public offering in August 2020.

Brokerage 435

Brokerage Mortgage Real Estate Lending 435

Housing Wire

FEBRUARY 4, 2021

Like many players in the non-Qualified Mortgage space, Deephaven Mortgage was forced to halt operations in 2020 when liquidity dried up. Although this issuance is much smaller than the typical balance from Deephaven (about $400 million per MBS in 2019 and beginning of 2020), this officially marks its return to the market. in Q3 2020.

Mortgage 417

Mortgage Marketing Lending Government 417

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 448

Mortgage Clients Lending Investors 448

Housing Wire

JUNE 1, 2021

Despite declines for nearly every investor type, last week’s positive numbers were offset by an 11 basis point jump in forbearance share for portfolio loans and private label securities, according to the latest data from the Mortgage Bankers Association. Increasing Lending and Servicing Capacity – Regardless of Rates.

Lending 435

Lending Investors Mortgage 435

Housing Wire

NOVEMBER 7, 2022

Athas Capital has been credited for “pioneering the re-birth of ‘sane’ subprime lending,” according to the company website. But in the current mortgage landscape, with crazy rate spreads and shy investors, non-QM can be a dangerous space. Since 2008, it has funded over 14,000 loans, reaching $5.5

Lending 459

Lending Investors Business Mortgage 459

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. Revenue from home lending fell to $1.5 Executives at Wells Fargo this year repeatedly have said the home lending division would shrink. billion year-over-year.

Business 435

Business Mortgage Lending Investors 435

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. 1, 2020, according to data from Recursion Companies. billion valuation. billion valuation. Blackstone will own 70% of the company, which is expected to go public in the first half of 2021.

Finance 505

Finance Lending Retail Valuation 505

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

Lending 370

Lending Technology Loan Officers Investors 370

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

OCTOBER 13, 2020

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020. In a presentation to investors, the Jamie Dimon-led bank said it had originated $29 billion in residential mortgages in the third quarter, up 20% from the second quarter. billion in Q3 2019). 30 had a total of $28.5 billion on June 30.

Business 418

Business Mortgage Retail Investors 418

Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 billion in closed loans in the first quarter of 2020, more than double its originations in Q1 2020. billion, a dramatic increase from the $99 million in profit the first quarter of 2020. billion in the first quarter of 2020. Expenses rose to $1.74

Mortgage 448

Mortgage Real Estate Agent Real Estate Clients 448

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. billion in loan volume between June 2020 and June 2021. Since 2004, they claim to have created $4 billion in equity value to investors.

Mortgage 428

Mortgage Investors Investing Loan Officers 428

Housing Wire

FEBRUARY 4, 2021

million in the fourth quarter of 2020. In all, the nonbank brought in $1 billion in revenue during the fourth quarter of 2020, its latest earnings report showed. Direct lending interest rate lock commitments (IRLCs) came in at a record $18.6 During 2020, it repurchased about $337 million worth of stock.

Lending 392

Lending Investors Mortgage Investing 392

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. According to the company, it achieved more lock volume in the first 11 months of 2020 than it did in the prior three years.

Home Improvement 468

Home Improvement Renovations Finance Lending 468

Housing Wire

MARCH 22, 2021

With just more than a week away from the one-year anniversary of the CARES Act, new forbearance requests dropped to their lowest level since March of 2020, pushing the total number of loans in forbearance down nine basis points to 5.05% of servicers’ portfolio volume, the Mortgage Bankers Association said on Monday. The MBA now estimates 2.5

Lending 459

Lending Investors Housing Market Mortgage 459

Housing Wire

JANUARY 9, 2024

CCM claims it is “the first mortgage lender to commit to issuing MBS exclusively based on FICO Score 10 T,” a step for investors at the $12 trillion MBS global market “to familiarize themselves with the new score and realize the promised performance improvement.”

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Investors Finance Mortgage Government 468