Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in.

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

FEBRUARY 7, 2022

San Francisco-based fintech company Unison recently completed a $443 million private-label offering backed by an emerging class of home-equity assets in which investors and the homeowners share in both the upside and downside of a property’s value over time. We [the shared home-equity industry] are not a multi-trillion market.

Investing 368

Investing Marketing Contracts Investors 368

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The two companies issued the first-ever securitization backed entirely by HEIs in 2021, a bet that rising home-price appreciation can benefit consumers in the short-term and investors in the long-term.

Investing 435

Investing Finance Contracts Insurance 435

Housing Wire

SEPTEMBER 22, 2022

All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”. Unlock’s HEA contracts typically feature 10-year maturities and involve a 3% origination fee based on Unlock’s original investment, which is not a loan.

Marketing 397

Marketing Contracts Finance Home Value 397

Housing Wire

OCTOBER 21, 2024

We know that inventory is up in Phoenix and Dallas, but can we measure the investors who are panic selling or the homebuilders dumping inventory to get out? Are there any local markets where we can see homeowners, or investors, or builders running for the exits? All three of these are investor- and builder-heavy markets.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

OCTOBER 28, 2024

The firm has taken heat in recent months from its investors, who felt that the company’s finances were being mismanaged due to its continued losses in quarterly earnings. Its value has dropped from roughly $900 million to $130 million since 2021, according to the Times.

Brokerage 434

Brokerage Realty Contracts Investors 434

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Mortgage applications increased 5.7% from 64.9% the previous week.

Mortgage 397

Mortgage Contracts Finance Investors 397

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. We are honored to have him lead our expanding mortgage financing efforts,” David Shapiro, EquiFi’s CEO and founder, said in a statement.

Mortgage 396

Mortgage Finance Investing Contracts 396

Housing Wire

OCTOBER 25, 2024

Liebowitz previously founded and led businesses in the insurance and finance sectors. In recent months, Lorber has taken heat from some of the brokerage’s investors, who felt that he was mismanaging the company’s finances due to its continued losses in quarterly earnings. based producer of printing ink.

Brokerage 405

Brokerage Finance Agents Real Estate 405

Housing Wire

JULY 14, 2022

Palo Alto, California-based fintech Point , which offers home-equity investment (HEI) contracts to homeowners, is expanding its services into Nevada and Ohio. With the expansion, Point’s HEI contracts are now available in 18 states and the District of Columbia, according to the company.

Contracts 397

Contracts Investing Finance Marketing 397

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 397

Lending Business Retail Client Relationships 397

Housing Wire

SEPTEMBER 23, 2020

Inflationary pressure will result from the need to finance these deficits through new issuance of treasuries, thus putting upward pressure across the stack of interest rates, a far different outcome than what the Fed may do to keep short rates low. There have been outcries from MBS investors, including some of the largest buyers.

Mortgage 540

Mortgage Investors Buyers Finance 540

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Pending home sales climb There are 362,000 single-family homes under contract. We’re showing 6% more homes in contract now than last year. Homes stay under contract for 30 to 40 days. The rate of home sales is picking up!

Mortgage 459

Mortgage Contracts Inventory New Listings 459

Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?”

Real Estate 467

Real Estate Agents Contracts Real Estate Agent 467

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

Mortgage 476

Mortgage Technology Investing Investors 476

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Loan details needing attention are routed to a professional for a better borrower experience. That adds up.

Investors 435

Investors Contracts Technology Lending 435

Housing Wire

DECEMBER 12, 2024

Department of Housing and Urban Development (HUD)s Home Equity Conversion Mortgage ( HECM ) servicing contract. Earlier this year, bond credit-rating agency Moodys Investors Service reaffirmed its above-average rating for the company’s reverse mortgage servicing performance. Celink is the current holder of the U.S.

Tools 358

Tools Clients Contracts Investors 358

Housing Wire

DECEMBER 11, 2020

She now leads advisory firm Housing Finance Strategies and is a member of FormFree’s board of directors. Lenders had no visibility into the actual financial state of borrowers requesting forbearance, and as a result many lenders and investors found themselves bearing additional risk. ” How it works. .

Lending 435

Lending Contracts Investors Technology 435

Housing Wire

OCTOBER 30, 2024

These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract. But LoanSnap has been the target of several lawsuits in the past year. million.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

Contracts 397

Contracts Lending Investing Investors 397

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. .” Finance of America shares traded at $1.46

Mortgage 418

Mortgage Finance Retail Business 418

Housing Wire

AUGUST 28, 2023

Department of Treasury CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities. The CDFI certification is a designation given by the U.S.

Lending 370

Lending Design Finance Contracts 370

Housing Wire

JULY 12, 2022

Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation. Unison also shares some of the downside if the property loses value over the course of the contract.

Contracts 397

Contracts Investing Real Estate Investors 397

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . Even though J.P. You don’t need it.”. The stable coin, pegged to the U.S.

Technology 418

Technology Investing Investors Mortgage 418

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

JANUARY 5, 2023

This year, RMBS issuance volumes are expected to contract further from 2022 due to the impact from elevated rates, high inflation and recession possibilities. . Interest rate stability offers the best environment for MBS performance, and inflation reduces the demand that investors have for mortgage-backed bonds.

Marketing 476

Marketing Investors Mortgage Contracts 476

Housing Wire

DECEMBER 13, 2023

Amherst Chairman and CEO Sean Dobson said the shrinking margins in the agency MBS sector are a byproduct of an over-supply of paper and a greatly reduced investor balance sheets for absorbing the debt. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

Mortgage 435

Mortgage Marketing Investors Lending 435

Housing Wire

MARCH 27, 2023

contraction. Unlike conforming loans, which are largely financed through mortgage-backed securities (MBS) via capital markets, the jumbo mortgage space is almost entirely funded via the banking sector, and some regional banks are more concentrated in jumbo mortgage lending than others.

Construction 397

Construction Lending Finance Mortgage 397

Housing Wire

APRIL 14, 2022

“It doesn’t make sense to start raising interest rates [to fight inflation] without running off their MBS portfolio,” said Laurie Goodman, vice president for housing finance policy and the founder of the Housing Finance Policy Center at the Urban Institute. You don’t know what investor demand is going to be.

Marketing 435

Marketing Investors Government Investing 435

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work?

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

JUNE 23, 2022

The Federal Housing Finance Agency (FHFA) today reiterated its stance on a new fee on some government-backed enterprise securities. “It is a positive first step, although there is a lot of work needed to clearly map how the activity will be destructive to UMBS,” said Michael Bright, CEO of the Structured Finance Association. “I

Investors 305

Investors Finance Contracts Government 305

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

APRIL 24, 2024

“Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.”

Technology 415

Technology Lending Investing Contracts 415

Housing Wire

JANUARY 13, 2023

In addition, secondary market investors continue to show interest in well-underwritten, higher-rate loans secured by single-family rental properties. It looks to be about 50% investor properties,” Ben Hunsaker said of the planned NRMLT offering. Still, it’s far from all good news for nonbank lenders. million unemployed people.

Marketing 448

Marketing Investing Investors Landlords 448

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Finance data. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. Investors were nonplussed.

Mortgage 397

Mortgage Retail Finance Investors 397

Housing Wire

MAY 20, 2022

Investment homes often take longer to sell because your audience is other investors. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. Sell to Other Investors Using Roofstock Marketplace.

Real Estate Agent 435

Real Estate Agent Tenants Real Estate Agents 435

Housing Wire

DECEMBER 16, 2020

The contract that they drafted has terms on them. The company’s position is that fast prepayment speeds hurt its standing with Fannie Mae and Freddie Mac , investors on the secondary market, and that churning harms borrowers because they should have just been given the better rate initially, not months later. in March 2020.

Mortgage 448

Mortgage Investors Clients Contracts 448