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). These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

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. The profitable lending business has more than a 50% contribution margin, he said in a meeting.

Lending 425

Lending Valuation Technology Retail 425

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That should help to unlock more inventory while also reducing financing costs for leveraged investors. million households formed each year.”

Investors 478

Investors Marketing Inventory Real Estate 478

Housing Wire

OCTOBER 7, 2024

This approach integrates QC principles throughout the lending process, from application to servicing. This focus aligns with Fannie Mae’s QC requirements and reflects the growing importance of data in the lending process.

Lending 448

Lending Mortgage Training Technology 448

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. Many tenants living in BTR communities may also own a BTR investment property while renting a BTR property themselves.

Tenants 443

Tenants Investing Marketing Construction 443

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire. I thought it was sparse.

Lending 410

Lending Real Estate Agent Loan Officers Retail 410

Housing Wire

JUNE 24, 2021

HousingWire recently spoke with William Tessar, president of Civic Financial Services , about the private lending space and how LOs can benefit from serving real estate investors. . HousingWire: What is the current outlook for the private lending space as the market shifts from a refi boom to a flooded purchase market?

Real Estate 425

Real Estate Investors Lending Loan Officers 425

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 420

Investors Government Mortgage Investing 420

Appraisal Buzz

JULY 25, 2024

BLOG VIEW: To help provide needed liquidity, many lenders sell mortgage loans to government sponsored enterprises (GSEs) or other investors to boost capital and balance portfolio risk. This strategy offers liquidity and frees up funds for additional lending, enabling them to originate more loans.

Investing 195

Investing Mortgage Investors Government 195

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. Several of MAXEX’s existing investors, including J.P. Terms of the transaction were not disclosed.

Investing 341

Investing Investors Design Mortgage 341

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed. Escrow officers and title agents.

Real Estate 397

Real Estate Investing Investors Renovations 397

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Then known as Citadel Servicing, the company was acquired by HPS Investment Partners, LLC in February 2020 for an undisclosed price. Citadel resumed non-QM lending in the summer.

Lending 375

Lending Investing Retail Business 375

Housing Wire

JANUARY 11, 2023

Nashville, Tennessee-headquartered Defy Mortgage is the latest player to join the non-QM (non-qualified mortgage) lending space, which targets entrepreneurs and gig workers who have various forms of collateral, including cryptocurrency. We are able to count it as liquidity from a reserve requirement and for asset depletion.”.

Lending 448

Lending Mortgage Marketing Technology 448

Housing Wire

SEPTEMBER 13, 2022

Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase in the index suggests a loosening of credit. billion in 2022 from last year’s $4.4 billion. .

Lending 370

Lending Government Mortgage Investors 370

Housing Wire

APRIL 28, 2022

One bright spot in the market, however, has been the investment-property sector, where deal flow appears to be holding up, and even many agency-eligible mortgage loans are finding their way into private label securities (PLS) transactions. in 2021 were bought by institutional investors,” Lind said. “In

Investors 326

Investors Marketing Investing Inventory 326

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. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.

Real Estate 418

Real Estate Brokerage Lending Mortgage 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. The seed money was raised by 10 capital firm investors to get Tomo off the ground. But this is no ordinary mortgage startup.

Lending 475

Lending Real Estate Real Estate Agent Modernization 475

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

Lending 368

Lending Technology Government Investors 368

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 446

Construction Development Finance Lending 446

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire. Originations.

Lending 428

Lending Valuation Clients Tools 428

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 350

Investors Investing Insurance Lending 350

Appraisal Buzz

NOVEMBER 12, 2024

“The variability in rates and higher costs for buyers increases the importance of understanding consumers’ individual situations,” said Bruce Gehrke , Senior Director of Wealth and Lending Intelligence at J.D. Citi ranked fourth on the list, with a customer satisfaction score of 759. Scoring fifth on J.D. Wells Fargo has approximately $1.9

Mortgage 396

Mortgage Lending Retail Finance 396

Housing Wire

APRIL 23, 2024

Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. Taking effect on Sept.

Investing 400

Investing Investors Design Government 400

Housing Wire

FEBRUARY 9, 2021

Its new “Mega Elite” non-QM and debt service coverage ratio product lineup includes alternative income documentation products such as its three- and 12-month bank statement products, CPA and borrower prepared P&L and asset utilization, and its investment properties debt service coverage ratio with 1:1 and no ratio options.

Lending 355

Lending Investors Mortgage Marketing 355

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. This vision is a big part of why we wanted to put gas on the fire with this investment.”

Investors 325

Investors Mortgage Investing Loan Officers 325

Housing Wire

JULY 9, 2024

District Court in Detroit, the suit alleges that EasyKnock uses a “deceptive and unfair lending scheme” to “lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as ‘Sell & Stay’ transactions.” EasyKnock was founded in 2016 and is based in New York City. The platform closed a $3.5

Lending 428

Lending Law Investors Advertising 428

Housing Wire

DECEMBER 7, 2020

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. HousingWire: What sets you apart from other non-QM lenders and how does that benefit originators and investors?

Lending 316

Lending Clients Investing Investors 316

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 405

Finance Real Estate Investing Development 405

Housing Wire

AUGUST 20, 2024

Understanding the forces creating the market is indispensable for lenders, real estate professionals, developers, and investors. HW: Can you elaborate on the current supply and demand imbalance in the multifamily sector and its challenges for investors and developers?

Marketing 436

Marketing Investors Development Investing 436

Housing Wire

JUNE 2, 2023

Real estate investment management firm Pretium Partners is acquiring thousands of homes from home construction company D.R. The transaction could also signal investors’ re-entry into the housing market after institutional investors shed properties at the end of 2022 following a drop in housing prices nationwide.

Real Estate 418

Real Estate Investors Investing Housing Market 418

Cleveland Appraisal Blog

AUGUST 25, 2022

How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Today, Cleveland Appraisal Blog shares a few tips for first-time investors. You’ve just purchased your first property to renovate.

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 342

Lending Housing Market Technology Business 342

Housing Wire

SEPTEMBER 29, 2020

Right now, while things are good, invest in cross-training your staff. People take pride in their work when they believe that their leaders are invested in them as people — not just as tools to help them reap short-term rewards. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire.

Lending 452

Lending Loan Officers Business Investors 452

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 473

Insurance Mortgage Investors Finance 473

Housing Wire

FEBRUARY 21, 2023

The deal will offload an FoA subsidiary division that offers residential real estate investment loans. Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors.

Business 336

Business Lending Finance Real Estate 336

Housing Wire

APRIL 8, 2021

When concern about the economy is high, investors gravitate toward safe-haven investments like Treasury bonds and mortgage bonds, pushing bond prices higher but the yields on those bonds lower.”. For those that have focused on purchase lending, they will see less of a drop in total volume.

Development 448

Development Lending Mortgage Marketing 448

Housing Wire

OCTOBER 11, 2022

The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties.

Mortgage 391

Mortgage Investors Investing Lending 391