Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. billion valuation in a venture-backed funding round in 2021. JP Morgan Chase & Co. for the IPO.

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Lending Valuation Technology Retail 459

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

Investors 468

Investors Tenants Real Estate Property Taxes 468

Housing Wire

JANUARY 24, 2025

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Established in 2021, Dunmor operates nationwide in the consumer direct and broker channels.

Investing 367

Investing Lending Real Estate Construction 367

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. Mike Cagney, SoFi. billion across these deals.

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Lending Technology Finance Insurance 394

Housing Wire

JANUARY 27, 2023

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. I thought it was sparse.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. Tomo has a big opportunity – Freddie Mac expects purchase originations in 2021 and 2022 to approach about $3.6 It’s early.

Lending 476

Lending Real Estate Real Estate Agent Modernization 476

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

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Aslan Home Lending Corporation.

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Insurance Lending Realty Finance 418

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

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. In terms of dollar volume, there was an estimated $251 billion in HELOC originations during all of 2022, up from $182 billion in 2021.

Technology 370

Technology Lending Housing Market Investors 370

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

Finance 397

Finance Investors Mortgage Home Improvement 397

Housing Wire

JUNE 21, 2022

Investors provide capital necessary for many families to fulfill their aspirations of living in a house whether renting or owning. How can investors help with homeownership? Let’s switch gears and consider how investors help with home ownership. of all flipped homes in Q3 2021 went to FHA buyers. were built before 1980.

Investors 435

Investors Renovations Inspection Government 435

Housing Wire

FEBRUARY 9, 2021

Non-QM lending is poised for growth in 2021. 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. Now, many investors are once again returning to the non-QM space.

Lending 370

Lending Investors Mortgage Marketing 370

Housing Wire

JUNE 10, 2024

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space. He previously managed a portfolio of business-purpose loans and nonqualified mortgages with a value of more than $2 billion.

Lending 345

Lending Business Real Estate Finance 345

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Aslan Home Lending. VP, Investor Relations. Planet Home Lending. The post Introducing the 2021 HW Insiders appeared first on HousingWire. Chris Favilla. Head of Operations. Executive Vice President of Administration. Howard Hanna. David Sheeler.

Human Resources 432

Human Resources Technology Finance Retail 432

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. For those that have focused on purchase lending, they will see less of a drop in total volume. Low rates are often the sign of a poor economy.

Development 448

Development Lending Mortgage Marketing 448

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. Not in droves like in 2021, but the business is out there. Since we are the end investor, we do not have to seek third party approval to do a loan.

Lending 397

Lending Loan Officers Training Investors 397

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. million in 2021. Kasle said Radius brought in $2.2 Expansion will come in iterations, he said.

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

Housing Wire

APRIL 28, 2022

If you were to take an inventory of deals which came out, a majority of the deals have been investor [investment property] … deals, and the prime jumbo deals have been very far and few in between.”. We are starting to see some indication of a resurgence in investor-loan issuance backed by agency-eligible loans,” the MAXEX report states.

Investors 370

Investors Marketing Investing Inventory 370

Appraisal Buzz

JANUARY 16, 2025

This years data points to foreclosure trends potentially returning to more predictable levels, offering some clarity for industry professionals, investors, and homeowners. properties in 2024, down 6% from 2023, up 174% from 2021, but down 25% from 2019, and down 88% from a peak of 2,139,005 in 2009.

Lending 389

Lending Investors Housing Market Marketing 389

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. HousingWire: What is the investor appetite for non-QM and how has that changed over the past few years? Do they need a pre-closing investor review? Of that volume, $6.2

Investors 370

Investors Investing Insurance Lending 370

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.

Valuation 383

Valuation Lending Real Estate Investors 383

Housing Wire

MARCH 21, 2025

’ In a presentation for investors , Rocket outlined how its acquisition of Redfin will help the company create a more seamless and affordable way for consumers to transact real estate, showing how it will take consumers from the home search phase all the way through title and closing.

Real Estate 292

Real Estate Agents Loan Officers Mortgage 292

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 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. John Gibson: SVP, National Sales Director; Wholesale & Correspondent Lending. The housing market has undergone a significant transformation over the past two years.

Lending 370

Lending Housing Market Technology Business 370

Housing Wire

DECEMBER 7, 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. That is the lowest total since 2015, according to Inside Mortgage Finance. The rest of this content is for HW+ members.

Lending 321

Lending Investors Finance Mortgage 321

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. now known as Rithm Capital.

Construction 459

Construction Development Finance Lending 459

Housing Wire

JUNE 18, 2021

of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. “But the first quarter of 2021 certainly marked a notable downturn for the flipping industry, with the big drop in activity suggesting that investors may be worried that prices have simply gone up too high.

Investors 501

Investors Investing Lending Inventory 501

Housing Wire

AUGUST 29, 2022

A San Francisco real estate investor with political ties was found guilty of bank fraud and making false statements to Quicken Loans as part of a larger federal investigation targeting public corruption in the city. . The post Jury convicts San Francisco real estate investor for defrauding Quicken Loans appeared first on HousingWire.

Real Estate 305

Real Estate Investors Lending Mortgage 305

Housing Wire

FEBRUARY 4, 2021

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. “We Strategies lenders should adopt from direct to consumer lending. Sign up here.

Legal 482

Legal Investors Lending Finance 482

Housing Wire

APRIL 5, 2022

500 million in Metaverse purchases in 2021 says that, yes, the demand is there. Lending is lending. Note that in 2021, the largest purchase of virtual real estate was a single transaction for $4.3 But we do live in a world of disclosures when lending money. The debate is likely to continue for years to come.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

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

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. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9

Finance 505

Finance Lending Retail Valuation 505

Housing Wire

AUGUST 9, 2021

While the non-QM market took a hit during the early part of the pandemic, these loans are making a comeback and are expected to continue to grow in 2021. HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? We can save the deal for our clients and the borrower.

Investors 435

Investors Lending Clients Real Estate 435

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgage 448

Mortgage Lending Technology Insurance 448

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