Housing Wire

AUGUST 15, 2024

Swiss bank UBS Group AG has decided to sell Credit Suisse ’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street , HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S.

Investors 412

Investors Mortgage Business Buyers 412

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. Potential partnerships Home equity investments are likely to become essential to the home finance product marketplace.

Finance 405

Finance Investing Real Estate Agent Real Estate 405

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 399

Business Investors Finance Home Improvement 399

Housing Wire

JUNE 5, 2024

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. It was not specified how many employees nor which specific divisions were impacted.

Retail 403

Retail Finance Business Modernization 403

Housing Wire

JULY 18, 2024

launched on Wednesday to serve international investors in U.S. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 371

Finance Real Estate Investors Legal 371

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). To read the full advisory opinion, click here.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

Investors 359

Investors Inventory Government Construction 359

Housing Wire

MARCH 7, 2024

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 381

Investors Government Mortgage Investing 381

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 418

Investors Agents Real Estate Buyers 418

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. He added that Splitero was looking for other investors and hinted that the company would have some good news to share soon.

Investors 392

Investors Investing Contracts Loan Officers 392

Housing Wire

OCTOBER 3, 2024

The Midwest and Northeast regions seem to be the new hot spots for real estate investors. 1 spot among the best destinations for real estate investors this year. This trend signified a strong market for investors with little to no turnover among tenants. Dayton, Ohio, holds the No.

Investors 341

Investors Marketing Real Estate Tenants 341

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. These moves, he said, helped demonstrate to investors that the company had its priorities clearly in mind.

Investors 299

Investors Mortgage Investing Business 299

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC.

Investors 412

Investors Construction Training Realtors 412

Housing Wire

MAY 21, 2024

This increased demand is resulting in tighter credit spreads for private label, non-QM RMBS securitizations; increased prices for a broad range of mortgage loans including seconds, home equity agreements, bridge loans, and alternative documentation loans; and strategic transactions between investors and originators.

Insurance 439

Insurance Mortgage Investors Finance 439

Housing Wire

JUNE 5, 2024

Today, HUD is providing new resources for preserving and revitalizing these communities by providing FHA-insured financing to mission-focused groups to buy or refinance and revitalize manufactured homes. “Manufactured home communities offer a stable and affordable housing option for many families,” Todman said in a statement.

Government 529

Government Finance Renovations Design 529

Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. SK: Construction lending is extremely complex, and in which banks have traditionally been the dominant players.

Tenants 416

Tenants Investing Marketing Construction 416

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. Archwest provides business-purpose financing for single-family and multifamily homes, as well as mixed-use and commercial properties.

Investing 376

Investing Legal Lending Landlords 376

Housing Wire

JANUARY 24, 2024

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week the release of their “Mission Index,” updating or expanding their single-family social bond framework to better communicate the goals of the index to stakeholders and investors. The GSEs issued separate announcements and a joint statement. housing.”

Investors 418

Investors Lending Finance Design 418

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 445

Investors Housing Market Finance Construction 445

Housing Wire

JANUARY 8, 2025

In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an interesting thing happened: We held on to these homes longer and resold them less often. Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing.

Mortgage 468

Mortgage Inventory Finance Sellers 468

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We now known as Rithm Capital.

Construction 414

Construction Development Finance Lending 414

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. The same story holds true for personal finance.

Investors 386

Investors Investing Real Estate Finance 386

Housing Wire

OCTOBER 18, 2024

“We have an investor who won’t do any deals in Florida or near major bodies of water.” Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). “I’m not surprised. Condos are hard.

Marketing 478

Marketing Mortgage Finance Lending 478

Appraisal Buzz

JANUARY 16, 2025

Lenders perspectives on current underwriting guidelines from secondary market investors are mixed. This is mainly due to issues with the requirements for income calculation, documentation, and stability and history, as well as the lack of industry standards or investor guidelines.

Investors 397

Investors Mortgage Lending Finance 397

Housing Wire

JULY 11, 2024

Today’s market conditions help illustrate the case for green, factory building as an effective solution for developers , especially for those who’ve put projects on hold due to rising interest rates and dried up investor pools. Energy efficient homes open the door to new and better financing options. homes across the U.S.

Development 363

Development Construction Finance Investors 363

Housing Wire

JANUARY 3, 2025

As a result, modular construction has become the most effective solution for addressing developers needs for sustainability and business integrity, while avoiding costly premiums that decelerate value for housing investors and buyers within todays tight lending market.

Development 379

Development Real Estate Construction Investors 379

Housing Wire

SEPTEMBER 9, 2024

Better Home & Finance Holding Co. , Better will evaluate the borrower’s credit report to assess the subject property payment history and to ensure the credit score meets the investor threshold. the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday.

Finance 424

Finance Insurance Investors Mortgage 424

Housing Wire

JULY 15, 2024

On Thursday, the firm announced the return of former vice president of investor and public relations, Richard Simonelli, after five years away from the firm, along with the promotion of Cyndi Eakin to chief accounting officer. Simonelli is returning as CoStar’s new head of investor relations.

Investors 376

Investors Finance Real Estate Marketing 376

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

Retail 430

Retail Buyers Renovations Finance 430

Housing Wire

JUNE 30, 2022

According to those sources, FGMC adopted an aggressive pricing strategy to purchase loans from correspondent partners, often paying 20 basis points higher than other investors on 30-year fixed-rate mortgages. The debtor-in-possession financing, however, needs the Delaware bankruptcy court’s approval.

Lending 545

Lending Finance Mortgage Investors 545

Housing Wire

JUNE 27, 2024

Dominion Financial Services , a Baltimore -based private lender with products tailored to real estate investors , has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday. investors are “finding creative ways“ to acquire and redevelop real estate.

Investing 332

Investing Investors Real Estate Inventory 332

Housing Wire

DECEMBER 30, 2022

For fix-and-flip investors, 2023 promises to be a very challenging year. Tack on higher costs for materials, labor and financing, and it’s clear that there’s little margin for error for investors pursuing a fix-and-flip strategy. Even then, investors shouldn’t be waiting for a surge of bank-owned properties to come to market.

Real Estate 486

Real Estate Investing Investors Legal 486

Housing Wire

NOVEMBER 28, 2023

nonbank mortgage finance companies rated by Moody’s – measured as the pretax earnings, excluding fair value marks and nonrecurring items, divided by average adjusted tangible managed assets – improved to an average of 1.7% Excluding the two unprofitable firms – Finance of America and loanDepot – it averaged 3.4%

Finance 401

Finance Retail Mortgage Investors 401

Housing Wire

SEPTEMBER 13, 2023

Combined, this partnership could spur better decision-making for investors and home buyers as well as create a more efficient workflow for agents, the statement said. Additionally, the partnership comes off the heels of a $13 million Series B financing for Local Logic in August.

Real Estate 393

Real Estate Valuation Investors Technology 393

Housing Wire

DECEMBER 5, 2023

This acquisition is the next step on EasyKnock’s clear path to lead the industry as the first platform to offer customers alternative solutions to buy and sell, finance new homes and utilize their equity in one place,” Jarred Kessler, CEO and founder of EasyKnock said in a statement.

Modernization 390

Modernization Investors Technology Finance 390

Housing Wire

MAY 30, 2024

Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. This has broadened the investor base to include insurance companies and money managers seeking new investment-grade securities.

Investing 365

Investing Investors Contracts Insurance 365

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.”

Investors 436

Investors Mortgage Finance Government 436