Housing Wire

AUGUST 6, 2024

The Pontiac, Michigan-based company has opportunistically sold mortgage servicing rights (MSRs) with higher coupons to deleverage its balance sheet and invest in the origination business — for example, by offering incentives on some refi loans. UWM Holdings Corp. ,

Investing 476

Investing Mortgage Business Investors 476

Housing Wire

DECEMBER 5, 2024

As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. It was already available in the states of Arizona, California, Colorado, Oregon, Utah and Washington.

Investing 389

Investing Brokerage Technology Real Estate 389

Housing Wire

SEPTEMBER 4, 2024

New York City -headquartered investment firm Pretium Partners announced Wednesday that it has hired two new managing directors as its seeks to bolster its real estate debt strategy. She previously was a founding partner and portfolio manager at Aqua Investment Management. It employs about 7,000 people across its 50 global offices.

Finance 448

Finance Real Estate Investing Development 448

Housing Wire

JULY 17, 2024

“Despite numerous challenges, real estate investors feel much better about the investing environment today than they have over the past year and are equally optimistic about where the market is heading,” RCN Capital CEO Jeffrey Tesch said in a statment. Most investors seem to be looking to mitigate risk by investing locally.

Real Estate 468

Real Estate Investors Insurance Investing 468

Housing Wire

DECEMBER 2, 2024

The investment — which is going to SERHANT. Among the companies it has invested in are Flex , Bilt Rewards , Proof , Curbio , VTS and HappyCo. Among its investments are Kings League , LOVB , Bilt Rewards , Blank Street , M1 Finance , Wayflyer , Masterworks , Talkiatry , Kittl and Ownwell.

Development 418

Development Brokerage Technology Real Estate 418

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. The product, which rolled out on Tuesday, combines the features of traditional mortgage financing and emerging home equity investment (HEI) options.

Investing 433

Investing Finance Tools Investors 433

Appraisal Buzz

OCTOBER 1, 2024

Realtor.com has found that , amid rising home prices and mortgage rates, real estate investors are still finding hidden gems in affordable metros across the country, with Dayton, Ohio, standing out as the top destination for property investment in 2024. Click here for more on Realtor.com’s study of the nation’s top investment markets.

Real Estate 416

Real Estate Investors Investing Buyers 416

Housing Wire

AUGUST 14, 2024

“We’re seeing heightened awareness around 401(k) investments and performance — a promising sign that workers are actively engaging with their accounts and cultivating knowledge to help them reach their goals.” And workers are also gaining more confidence in soliciting professionals for advice on their investments.

Investing 434

Investing Clients Marketing Finance 434

Housing Wire

OCTOBER 23, 2024

The funding is expected to result in some 26,400 new housing units, which will primarily serve low-income families and communities that “need additional investment,” the department said in its announcement. The Treasury noted that recipients are ”required to leverage their awards with other private and public investment by at least 10 to one.”

Development 482

Development Investing Finance Government 482

Appraisal Buzz

AUGUST 22, 2024

Multifamily properties, in particular, continue to attract significant investment due to stable occupancy rates and the ongoing need for rental housing across various markets. While challenges persist, the fundamental demand for housing and select commercial spaces is expected to sustain investment activity.

Investing 435

Investing Retail Construction Tools 435

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. Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital.

Construction 459

Construction Development Finance Lending 459

Housing Wire

SEPTEMBER 10, 2024

Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. 8VC led the latest equity investment with participation from existing investors Menlo Ventures , Meritech , Khosla Ventures and Fifth Wall.

Mortgage 443

Mortgage Technology Investing Design 443

Housing Wire

SEPTEMBER 24, 2024

Mac has over 25 years of experience in fixed income, capital markets, and investment banking in the mortgage industry,” Beacham said in a statement. Roemanu and its subsidiaries receive funding from global investment firm KKR , which acquired Merchants Mortgage in 2022. KKR announced Monday that it has raised $4.6

Investing 434

Investing Home Improvement Finance Business 434

Housing Wire

OCTOBER 3, 2024

This week, Realtor.com named markets in Ohio , Michigan , Pennsylvania , New York and Connecticut among the top markets for real estate investment opportunities in 2024. With three cities on the list, Ohio demonstrated a positive trend for investing in the Buckeye State.

Investors 433

Investors Marketing Real Estate Tenants 433

Housing Wire

SEPTEMBER 24, 2024

Rithm said that the proceeds of the offering will go toward general corporate purposes, which may include future acquisitions, investments or debt repayments. Morgan , UBS Investment Bank , BTIG and Wells Fargo Securities. million in November 2023 and a deal with Great Ajax Corp. in June 2024. At the end of June, Rithm had $1.5

Investors 432

Investors Investing Real Estate Marketing 432

Housing Wire

NOVEMBER 22, 2024

Detroit had the largest return on investment (ROI), with the typical investor selling a home for 135% — or $121,500 — more than the initial purchase price of $90,000. Miami (28.2%); Anaheim, California (24.3%); and San Diego (23.3%) had the largest shares of investor home purchases among all metro areas analyzed.

Real Estate 488

Real Estate Investors HOA Housing Market 488

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

Construction 488

Construction Finance Development Marketing 488

Housing Wire

OCTOBER 3, 2024

SitusAMC has struck a deal to sell a majority stake of two subsidiaries focused on mortgage risk management to investment firm VineLight Venture. It comes as Securent seeks capital to invest in rising-demand products, especially in the residential mortgage-backed securities (RMBS) space. The terms of the agreement were not disclosed.

Mortgage 448

Mortgage Insurance Brokerage Investing 448

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. In June, the company closed a $215 million securitization backed by home equity investments. The transaction was rated by DBRS Morningstar.

Renovations 459

Renovations Investing Finance Investors 459

Housing Wire

NOVEMBER 14, 2024

mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer.

Mortgage 370

Mortgage Loan Officers Investing Finance 370

Housing Wire

NOVEMBER 12, 2024

Cornerstone Financing , a venture co-founded by former Reverse Mortgage Funding (RMF) CEO Craig Corn, has secured $285 million in financing through global investment firms Aquiline Capital Partners LP and Nomura. The product operates similarly to a shared equity investment.

Finance 368

Finance Mortgage Insurance Investing 368

Housing Wire

AUGUST 19, 2024

For most Auction.com buyers, their motivations for investing in real estate are twofold. However, they are also highly motivated by a desire to improve the communities where they invest. Building wealth is a top priority, with 97% ranking it as a top-three motivation. It is more driven now by providing service to the marketplace.

Renovations 476

Renovations Development Buyers Investors 476

Housing Wire

OCTOBER 24, 2024

The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019.

Mortgage 448

Mortgage Real Estate Agent Technology Real Estate 448

Housing Wire

NOVEMBER 13, 2024

The New York-based digital homeownership platform saw its revenue take a dip as it continues to invest in artificial intelligence (AI) and build out its retail channel. million in cash, restricted cash, short-term investments and self-funded loans. “We The company’s earnings release noted a nonrecurring gain of $5.5

Retail 370

Retail Mortgage Loan Officers Technology 370

Housing Wire

OCTOBER 3, 2024

William Chang is stepping down from his roles as chief capital markets officer at PennyMac Financial Services and chief investment officer for PennyMac Mortgage Investment Trust , the company announced Thursday. Industry veteran Mark Elbaum will succeed him.

Marketing 435

Marketing Investing Mortgage 435

Housing Wire

JULY 31, 2024

The deal includes an investment in a360inc by the funds managed by Morgan Stanley Investment Management (MSIM), Knox Capital and Nonantum Capital Partners, which will help to “enhance” a360inc’s service offerings, according to the company.

Mortgage 441

Mortgage Technology Clients Law 441

Housing Wire

OCTOBER 1, 2024

Rocket Mortgage has struck a deal to handle the servicing and recapturing activities for a portion of the mortgage servicing rights (MSRs) of real estate investment trust Annaly Capital Management , the companies announced on Tuesday. Terms of the deal were not disclosed. billion in market value as of June 30.

Investing 434

Investing Finance Clients Market Value 434

Housing Wire

AUGUST 28, 2024

In this Executive Conversation, Tim discusses ICE’s investment in product innovation, a company culture based on continuous improvement, and future career opportunities for those looking to make a difference. HousingWire: ICE Mortgage Technology has been making significant investments in product innovation.

Technology 432

Technology Mortgage Clients Investing 432

Housing Wire

OCTOBER 17, 2024

The report detailed FHLBanks’ activity across several programs that include the Affordable Housing Program (AHP), the Community Investment Program (CIP), the Community Investment Cash Advance Program (CICA) and other “voluntary targeted mission-activity programs,” according to the FHFA.

Development 459

Development Finance Investing Mortgage 459

Housing Wire

DECEMBER 9, 2024

The company closed deals with struggling power buyer firm Ribbon in May 2023, home maintenance company Onder in September 2023, home equity investment firm Balance Homes in December 2023 and home equity investment firm HomePace in May 2024. But the company came under the scrutiny of state regulators in December 2023.

Modernization 370

Modernization Investors Law Investing 370

Housing Wire

AUGUST 2, 2024

The targeted areas for these companies include multifamily rentals and investments; single-family refinancing, servicing and origination ; fraud detection; and compliance with the Americans with Disabilities Act (ADA).

Real Estate Agent 448

Real Estate Agent Real Estate Tools Renovations 448

Housing Wire

SEPTEMBER 27, 2024

In addition, TRG also announced that LENX, the strategic investment arm of homebuilder Lennar , has become a minority investor in the firm. “Our partnership with Lennar speaks volumes to who we are as a company and the value we deliver,” McCall said. .” ” Lennar is joining Anywhere Real Estate Inc.

Technology 435

Technology Investing Real Estate Investors 435

Housing Wire

AUGUST 15, 2024

On Monday, the bank announced a strategic minority investment of $2.8 The investment represents a 14.9% Regarding Scotiabank, a total of seven executives from JPMorgan in Texas are joining the bank, which has structured its U.S. finance business, according to a memo reviewed by Bloomberg. billion in Cleveland-based KeyCorp.

Mortgage 448

Mortgage Finance Lending Business 448

Housing Wire

AUGUST 29, 2024

government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment—brought recommendations on how they can help improve the housing supply. Instead, the FHLBanks—11 U.S.

Finance 435

Finance Development Investing Construction 435

Housing Wire

JULY 26, 2024

This bipartisan bill makes critical new investments to help people keep a roof over their head and safely get to where they need to be — with new funding to hire more air traffic controllers and air and rail safety inspectors, boost our housing supply, sustain rental assistance, improve America’s roads and bridges, and much more,” said Sen.

Transportation 476

Transportation Law Investing Government 476

Housing Wire

AUGUST 20, 2024

It wasn’t enough to significantly dent the supply problem, but the pullback in that type of investing activity has only made things worse. But, the better (and quicker) option is offering meaningful incentives, such as tax abatements, to those willing to invest in aging housing stock.

Marketing 448

Marketing Investors Development Investing 448

Housing Wire

NOVEMBER 14, 2024

Investing in technology that automates workflows, streamlines administrative tasks and enhances customer management can have significant benefits. Make 2025 your best year yet by investing in the strategies that drive lasting growth. First, you free up your agents to focus on what they do best: closing deals.

Real Estate 397

Real Estate Brokerage Agents Technology 397