Housing Wire

OCTOBER 18, 2022

Consequently, the warehouse lender filed the lawsuit against Sprout on Wednesday for breaching the contract and injunction in the U.S. The post FirstFunding sues Sprout for breaching of contract appeared first on HousingWire. District Court for the Central District of California Southern Division.

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Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. 16, Gifford said that Redwood stopped buying home equity investment (HEI) contracts prior to the launch of Aspire. During a phone interview with HousingWire on Oct.

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Housing Wire

MARCH 20, 2024

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

Investors 482

Investors Agents Real Estate Buyers 482

Housing Wire

DECEMBER 5, 2024

Whether you’re an agent, a real estate investor or just love stunning homes, these real estate Instagram accounts are a must-follow. Coffee & Contracts: @coffeecontracts Content style: Creative marketing resources for real estate agents Coffee & Contracts is like discovering a secret weapon for your real estate business.

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Real Estate Agents Real Estate Agent Luxury Properties 397

Housing Wire

JANUARY 27, 2025

We are thrilled to partner with our investors to power the future of home negotiations together,” Shah said in a statement. Indigo is a search platform that allows buyers to bid on agent-approved listings. These listings are enhanced by AI to incorporate customer preferences.

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Real Estate Real Estate Agent Agents Brokerage 368

Appraisal Buzz

DECEMBER 19, 2024

But this year, buyers jumped on mortgage rates that dipped in early October, bringing more contracts which closed in November.Assuming December sales are generally good, 2024 U.S. In November, 13% of properties were bought by individual investors or second-home purchasers, who account for a large portion of cash sales.

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Inventory Realtors Buyers Contracts 396

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

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Contracts Investors Investing Market Value 459

Housing Wire

JANUARY 14, 2025

He didnt close his first deal an investor until month six. He was locked into a one-year contract, but the minute it ended, he began his search for a new coach. While doing open houses six days a week, he stumbled upon a fix-and-flip investor: “I didn’t even know what fix-and-flipping was at the time.

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Real Estate Open Houses Agents Real Estate Agent 370

Appraisal Buzz

FEBRUARY 21, 2025

The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. Under a lease-purchase arrangement, the property seller also acts as the landlord. Market Embraces Wave of Business Players About 2.4 million U.S.

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Landlords Tenants Contracts Law 221

Housing Wire

JULY 14, 2021

“Treasury yields have trended lower over the past month as investors remained concerned about the COVID-19 variant and slowing economic growth,” Kan said. The post Mortgage applications jump 16% appeared first on HousingWire.

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Mortgage Contracts Inventory Investors 521

Housing Wire

JUNE 6, 2024

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. Celink assumed control of the HECM servicing contract with HUD in late 2022. It also added Altisource to help manage its HECM portfolio.

Mortgage 448

Mortgage Contracts Investors Investing 448

Housing Wire

MARCH 20, 2025

After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. What consumer wouldn’t be tempted?

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Mortgage Real Estate Brokerage Loan Officers 233

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 275

Real Estate Agents Loan Officers Mortgage 275

Housing Wire

JULY 21, 2021

The 10-year Treasury yield dropped sharply last week, in part due to investors becoming more concerned about the spread of COVID variants and their impact on global economic growth, according to the latest survey from the Mortgage Bankers Association. The post Mortgage applications fall amid market jitters appeared first on HousingWire.

Mortgage 476

Mortgage Marketing Contracts Inventory 476

Housing Wire

JUNE 30, 2021

“Mortgage rates were volatile last week, as investors tried to gauge upcoming moves by the Federal Reserve amidst several divergent signals — including rising inflation, mixed job market data, strong consumer spending, and a supply-constrained housing market that has led to rapid home-price growth,” Fratantoni said.

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Mortgage Contracts Investors Housing Market 448

Housing Wire

MAY 30, 2024

Notably, this transaction is the first HEI securitization in which higher-risk, BB-rated securities were sold, reflecting strong investor demand as the deal was oversubscribed. This has broadened the investor base to include insurance companies and money managers seeking new investment-grade securities.

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Investing Investors Contracts Insurance 447

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 366

Investing Marketing Contracts Investors 366

Housing Wire

OCTOBER 7, 2024

The suit alleges that if the homeowner agreed to take part in MV Realty’s program, “a third-party notary with no information about the contract was sent to the home, where the homeowner was presented with a multi-page contract with small font and confusing legal jargon for the first time and told to sign.”

Realty 448

Realty Contracts Legal Brokerage 448

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

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

JULY 30, 2024

On Monday, the mortgage lender and servicer said that its debt offering to qualified investors through subsidiary Nationstar Mortgage Holdings will bear an annual interest rate of 6.5% The transaction will bring $356 billion in mortgage servicing rights, advances and subservicing contracts, along with 1.3 that is payable semiannually.

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Investors Contracts Mortgage Marketing 482

Housing Wire

AUGUST 26, 2024

An EPO penalty kicks in for the originating lender when a borrower pays off their mortgage earlier than the agreed-upon term in the lender contract. EPOs are intended to guarantee a minimum return for the investor or mortgage aggregator if a loan is paid off in the first few months.

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Investors Mortgage Clients Marketing 468

Housing Wire

NOVEMBER 17, 2021

The trade group estimates the average contract 30-year fixed-rate for conforming loans ($548,250 or less) increased to 3.20%, four basis points higher than the previous week. In the purchase activity, real estate investors are more active than ever, challenging individual homebuyers. Meanwhile, FHA loans went from 8.8% in the period.

Investors 448

Investors Contracts Government Real Estate 448

Housing Wire

OCTOBER 12, 2021

Redwood Trust CEO Christopher Abate laid out a bold vision of growth for the real estate investment trust at an investor conference in New York City last month. That is done via what is called a home-equity investment contract, or an HEI. This content is exclusively for HW+ members.

Contracts 397

Contracts Marketing Investing Real Estate 397

Housing Wire

OCTOBER 22, 2021

Other investors included Next Coast Ventures , BP Capital Management , Alumni Ventures , Gaingels, Launchpad Capital, and Early Light Ventures. Co-founded by Tim Herman and Louis Wilson, the “power buyer” startup enables homebuyers to make all-cash offers to compete with institutional investors.

Investors 434

Investors Contracts Buyers Mortgage 434

Appraisal Buzz

AUGUST 20, 2021

Oaktree Funding offers a wide range of mortgage products, including competitive non-QM and non-agency programs: for example, low-document bank statement and investor loans with limits as high as $4 million. “As The post Oaktree Funding Now a Participating Lender in Calyx Point appeared first on Appraisal Buzz.

Contracts 370

Contracts Investors Appraisal Mortgage 370

Housing Wire

SEPTEMBER 11, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. The data comes from about 95 lenders and investors, MBA said. The group’s Mortgage Credit Availability Index fell 4.7% 20 forecast.

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Mortgage Government Contracts Lending 545

Housing Wire

DECEMBER 9, 2024

Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. This is the median price of the homes going under contract each week. Interestingly, the growth in available supply of homes for sale in the last three years came from weaker demand. When demand slows, inventory grows. is $384,900 now.

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Housing Market Marketing Inventory Sellers 418

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%

Mortgage 397

Mortgage Contracts Finance Investors 397

Housing Wire

AUGUST 6, 2024

“Ginnie Mae held the title to the assets underlying the agreement, TCB’s rights under the contract ultimately derived from Ginnie Mae, TCB’s rights under the contract were subject to Ginnie Mae’s rights, and TCB avers that ‘Ginnie Mae was heavily involved with’ negotiating the contract,” the filing reads.

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Government Mortgage Contracts Legal 459

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. Such assertions have not allayed some investors. It marked Zillow’s first major statement since announcing the wind down of the Zillow Offers’ iBuying program last month.

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Inventory Real Estate Agent Investors Market Value 459

Housing Wire

JANUARY 27, 2022

The round is led by the venture capital firm Andreessen Horowitz , with participation from new investor Zigg Capital and seed investors Conversion Capital and Bain Capital Ventures. Investors backing Vesta also include Index Ventures. Today, as the market contracts, this shift to digital-first loan origination will accelerate.

Mortgage 397

Mortgage Investors Loan Officers Technology 397

Housing Wire

DECEMBER 11, 2020

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. The smart contract presents the borrower’s lending request to the exchange. ” How it works. . The ATP is already in the blockchain.”.

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Lending Contracts Investors Technology 435

Housing Wire

NOVEMBER 29, 2021

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.

Inventory 532

Inventory Contracts Training Investors 532

Housing Wire

AUGUST 25, 2021

Treasury yields fell last week, as investors continue to anxiously monitor if the rise in COVID-19 cases in several states starts to dampen economic activity,” said Joel Kan, the MBA’s associate vice president of economic and industry forecasting. The USDA share of total applications was unchanged from the prior week at 0.4%.

Mortgage 418

Mortgage Contracts Government Inventory 418

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

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. Investor demand tends to increase at times when most borrowers are waiting for rates to decline, Justin Fullmer, area manager in Idaho for Future Mortgage , told HousingWire. from the week prior. ” Who is jumping into the market?

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Mortgage Loan Officers Investors Government 397