Housing Wire

JULY 16, 2024

Mortgage production increased at Bank of America (BofA) in the second quarter of 2024 compared to the previous three months, but the bank’s home loan volumes were still lower than those delivered in the same period last year. billion in first mortgages from April to June, up 66.3% from the $3.4 from the $5.9 from the $3.4

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Mortgage Market Value Lending Business 432

Housing Wire

FEBRUARY 20, 2025

Garg explained that Better utilized its marketplace lending model that includes 32 different investors across the mortgage landscape from real estate investment trusts and insurance companies to hedge funds, major correspondent lenders and the government-sponsored enterprises Fannie Mae and Freddie Mac. ” How is it so fast?

Business 317

Business Renovations Investors Market Value 317

Appraisal Buzz

OCTOBER 2, 2024

A new ATTOM report examines the present trends in underwater mortgages and homeowner equity, the underlying causes of these trends, and the states most affected. However, there is good news for mortgages that are significantly underwater. At the national level, the share of severely underwater mortgages in the U.S.

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Mortgage Market Value Real Estate Inventory 397

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This ensures their bundle retains its credit rating and market value.

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Technology Mortgage Investors Lending 459

Housing Wire

JULY 16, 2021

The second big mortgage joint venture announcement this week is a meeting of the Glenns. Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology. Presented by: SimpleNexus.

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Mortgage Lending Brokerage Agents 435

Housing Wire

JANUARY 29, 2025

In its announcement, Splitero said the move aims to combat rising living expenses and inventory shortages in housing markets nationwide. The company’s solutions offer alternative home equity products to homeowners who wish to keep their current mortgage rates. This move follows a mid-November 2024 expansion to Arizona.

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Investing Market Value Contracts Brokerage 311

Housing Wire

MAY 19, 2021

Mortgage applications increased for the second straight week , this time jumping 1.2% for the week ending May 14, 2021, according to the latest report from the Mortgage Bankers Association. of total mortgage applications from 61.3% The FHA share of total mortgage applications decreased to 9.2% the previous week.

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Mortgage Contracts Market Value Marketing 397

Housing Wire

FEBRUARY 14, 2024

The demise of those banks, which had relied in part on friendly terms on jumbo mortgage loans to entice wealthier clients, had lasting effects on the mortgage landscape – as part I and part II of our jumbo series show. 1, the company had lost 45% of its market value. By the end of Feb. ” Days later on Feb.

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Mortgage Real Estate Insurance Tenants 468

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote.

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Development Lending Mortgage Marketing 448

Housing Wire

AUGUST 1, 2024

of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. In addition, the number of homes with a mortgage balance of more than 25% of the property’s estimated market value — or “seriously underwater” — fell from 2.7%

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Market Value Home Value Housing Market Buyers 482

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Marketing Mortgage Supply Chain Inventory 482

Eyes on Housing

SEPTEMBER 22, 2022

1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.

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Market Value Real Estate Marketing Mortgage 187

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. HW: Some borrowers are under the impression that reverse mortgages are a last resort.

Mortgage 418

Mortgage Clients Insurance Tools 418

Housing Wire

JANUARY 23, 2024

With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said. . — a provider of property data and valuation technology solutions.

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Valuation Market Value Clients Technology 468

Housing Wire

MARCH 3, 2022

Amid a tough environment for forward mortgage lending, Finance of America is betting on specialty finance & services products – reverse mortgages, investor loans, commercial loans – which are expected to deliver most of the return this year. Margins in the mortgage business declined from 3.88% in 2020 to 2.86% in 2021.

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Finance Investors Mortgage Home Improvement 397

Eyes on Housing

JUNE 11, 2021

1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data. The latest results from the Federal Reserve’s Z.1

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Market Value Real Estate Marketing Mortgage 193

Housing Wire

JULY 26, 2024

A controlled transaction can be subject to tighter IRS scrutiny, especially if the property is sold below fair market value. Does your buyer need to secure a mortgage ? However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed.

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Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

MARCH 11, 2022

Despite significant market volatility, nonbank lender Impac Mortgage Holdings appears to be long on non-QM. In total, Impac originated nearly $700 million in non-QM mortgages in 2021, more than double 2020’s output. The post Impac Mortgage Holdings increasingly bets on non-QM appeared first on HousingWire.

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Mortgage Finance Market Value Business 370

Housing Wire

SEPTEMBER 17, 2020

LoanDepot is poised to go public later this year, becoming “Lyft to Rocket Mortgage’s Uber,” according to a new report. The California-based mortgage lender headed by Anthony Hsieh could be worth between $12 billion and $14 billion in an IPO, according to Bloomberg ‘s sources. billion to $2.6

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Market Value Lending Mortgage Marketing 535

Housing Wire

AUGUST 11, 2022

Likewise, Atlanta-based A ngel Oak Mortgage Inc. , a real estate investment trust focused on nonqualified mortgages, or non-QM, recently announced that it was struggling with red ink — recording a net loss of $52.1 a long-term player in the non-QM mortgage market. Redwood Trust Inc. , The Angel Oak Cos.

Mortgage 397

Mortgage Finance Lending Real Estate 397

Eyes on Housing

SEPTEMBER 24, 2021

1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that in the second quarter of 2021 the aggregate market value of all owner-occupied real estate in the United States registered the largest quarterly increase in the last 21 years of data. The latest Federal Reserve Z.1

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Market Value Real Estate Marketing Mortgage 167

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. billion in market value as of June 30. mortgage servicer by owned portfolio in Q2 2024.

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Investing Finance Clients Market Value 434

Housing Wire

JANUARY 11, 2021

LoanDepot , backed by private equity firm Parthenon Capital Partners, first announced plans to go public in September 2015 but canceled the IPO just hours before pricing, citing adverse “market conditions.” At the time, LoanDepot had sought a market value of $2.4 billion to $2.6 LoanDepot posted net income of $1.47

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Retail Finance Investing Market Value 514

Housing Wire

NOVEMBER 11, 2020

LoanDepot , backed by private equity shop Parthenon Capital Partners, first announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” At the time, loanDepot had sought a market value of $2.4 billion to $2.6 billion in its IPO.

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Retail Technology Valuation Market Value 459

Appraisal Buzz

AUGUST 2, 2024

of mortgaged residential properties were considered equity-rich, a term indicating that the combined estimated loan balances secured by those properties were no more than half of their estimated market values. of mortgaged homes considered equity-rich, followed by Maine, New Hampshire, Montana, and Rhode Island.

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Home Value Market Value Housing Market Mortgage 418

Appraisal Buzz

AUGUST 8, 2024

Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year. trillion.

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Valuation Housing Market Marketing Home Value 417

Housing Wire

MAY 12, 2022

A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house. The portion of mortgaged homes that were equity rich rose from 41.9%

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Supply Chain Housing Market Market Value Buyers 482

Housing Wire

MARCH 23, 2021

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. Presented by: Motto Mortgage. billion market value. It is not clear when exactly Compass plans to go public. stock price offering.

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Valuation Marketing Brokerage Market Value 443

Inman

FEBRUARY 22, 2023

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.

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Market Value Marketing Real Estate Home Value 148

Housing Wire

JANUARY 27, 2021

LoanDepot , one of America’s largest mortgage lenders, released pricing of its hotly anticipated independent public offering (IPO) on Wednesday. It is now the second-largest retail-focused independent mortgage bank in America, and the fifth largest overall retail originator, according to Inside Mortgage Finance.

Retail 459

Retail Market Value Finance Mortgage 459

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Fast-forward to today, and that same loan translates into a monthly payment of $1,468 – a 46% increase in monthly mortgage expense! Since 1976, mortgage interest rates and home price appreciation have had a positive, but weak relationship.

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Sellers Marketing Market Value Home Value 435

Housing Wire

OCTOBER 24, 2024

The Mortgage Bankers Association (MBA) on Thursday released a new white paper , which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.”

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Modernization Advertising Business Technology 434

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. trillion is roughly equal to France’s 2020 gross domestic product , or the combined market value of Amazon and Facebook. How much will be spent on homes? billion. .

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Housing Market Inventory Mortgage Market Value 448

Housing Wire

AUGUST 10, 2022

When the sky is falling in the mortgage industry, generally there is something else that is rising. the parent of United Wholesale Mortgage (UWM), what is rising in their favor is the value of mortgage servicing rights (MSRs). UWM, the nation’s largest wholesale mortgage lender, recorded net income of $215.4

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Market Value Mortgage Valuation Lending 418

Housing Wire

NOVEMBER 23, 2020

The company said data from its platform and other industry sources shows a growing backlog of mortgages that are in foreclosure or delinquent but not in a mortgage forbearance program. Daren Blomquist, vice president of market economics at Auction.com, estimates that foreclosures will grow to more than 1.1

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Buyers Investors Real Estate Retail 533

Housing Wire

AUGUST 5, 2022

During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. The fair market value of MSRs it controls increased by about $1.3

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Market Value Clients Investing Mortgage 418

Appraisal Buzz

FEBRUARY 24, 2025

At its core, real estate appraising involves the due diligence necessary to form a credible opinion of the market value of a particular property. This requires a deep understanding of the appraiser’s local real estate market, as well as of the physical, legal, and economic factors that influence property values in it.

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Real Estate Development Appraisal Legal 335