There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire recently spoke with Armando Falcon, CEO of Falcon Capital Advisors, about the continued growth of digital mortgage solutions such as eClosings and what
Tech-fueled mortgage lender UpEquity just wants answers. Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). UpEquity sent between 30
The Prestwick Mortgage Group, an Alexandria, Virginia-based advisory and brokerage firm, has unveiled an offering for a $1.6 billion package of Fannie Mae, Freddie Mac and Ginnie Mae mortgage-servicing rights (MSRs). The bulk of the 7,189 loans in the MSR offering put out to bid this week were originated in Florida and the Midwest, according to
Kiavi, formerly LendingHome, recently closed a $218 million private-label securitization of unrated short-term mortgages — described as “residential transition loans” (RTLs) by the lender, which serves the fix-and-flip market. The deal represents Kiavi‘s ninth such securitization under its LHOME shelf since launching its revolving securitization program in 2019, according to the
The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4% year-over-year growth nationally and a record 21.2% growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating, not crashing like people have warned about from 2012-2021. From S&P:
Mortgage technology provider Roostify is hoping to bring in more self-employed borrowers by adding mortgage automation provider Indecomm‘s automated income calculation technology, it announced Tuesday. Indecomm’s IncomeGenius integration into Roostify’s data intelligence solutions will expand Roostify’s existing income calculation capabilities for self-employed borrowers, according to a company statement. The partnership
Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the inaugural offering in 2015. The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with an unpaid principal balance of
Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. The two companies have been working toward the merger since LLR Partners’ made an investment in each in January. Richard Harris, former chief executive officer
According to the National Association of Realtors, U.S. pending home sales crept higher in May 2022, ending a six-month streak of declines.
Don’t Be Fooled As Pending Home Sales Edge Higher. NAR sees a downward trend forming on pricing, transactions. By Paul Bergeron | June 28, 2022 at …
We examined three key metrics to show where the Bay Area and California housing market stands. Home sales are declining. Homes sold in the S.F. metro.
The median sale price marked an all-time high for single-family home sales, up 12.4% to $590,000, from $525,000 in February 2021. Tim Warren, CEO of …
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