Equity Loans to Feature on Designing Spaces

first_img in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2013-03-20 Tory Barringer Equity Loans to Feature on Designing Spaces March 20, 2013 421 Views center_img “”_Designing Spaces_””:http://www.designingspaces.tv/, a home improvement show airing on Lifetime Television, will feature an appearance from “”Equity Loans LLC””:http://www.equityloans.com/Content/20.htm.[IMAGE][COLUMN_BREAK]A representative from the Atlanta-based lender will feature on the show as part of an upcoming “”Arming Yourself with Home Loan Knowledge, Tips for Successful Ownership”” segment. The representative will educate viewers on the process of buying a house, the important of staying within their budget and price range when choosing a home, and which questions to ask their loan expert when looking for a house.””We are very excited to welcome Equity Loans to our show. We’re looking forward to giving our views the tools and great information on how to navigate the home-buying process,”” said Lysa Liemer, COO and EVP of programming._Designing Spaces_ airs at 7:30 a.m. (ET) on Lifetime. Sharelast_img read more

Robert Shiller Awarded Nobel Prize in Economics

first_img in Data Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Service Providers 2013-10-15 Tory Barringer October 15, 2013 432 Views Robert Shiller–the man who lends his name to the Case-Shiller Home Price Indices–has been awarded the 2013 “”Nobel prize””:http://www.nobelprize.org/ in economics.[IMAGE][COLUMN_BREAK]Shiller, a Sterling professor of economics at “”Yale University””:http://www.econ.yale.edu/~shiller/, was selected for the $1.23 million prize along with Eugene Fama and Lars Peter Hansen, both at the University of Chicago.In a release, the Nobel committee cited Shiller’s work in behavioral economics, the study of human psychology and behavior as it relates to economic modeling. Besides his work in developing the Case-Shiller indices, he is perhaps most well-known in the housing world as one of the biggest players who predicted an imminent crash in the mid-2000s, just before the bubble burst.Together, the committee says the three Laureates have made major strides in determining the predictability of asset prices, benefiting both academics and market investors.””The Laureates have laid the foundation for the current understanding of asset prices. It relies in part on fluctuations in risk and risk attitudes, and in part on behavioral biases and market frictions,”” the committee said.center_img Robert Shiller Awarded Nobel Prize in Economics Sharelast_img read more

Citi Announces 113B Offer to Settle Securities Claims

first_img April 9, 2014 495 Views Citi Announces $1.13B Offer to Settle Securities Claims in Daily Dose, Headlines, News, Secondary Market Sharecenter_img Citigroup Freddie Mac Goldman Sachs RMBS 2014-04-09 Tory Barringer Citigroup announced this week it has agreed to pay approximately $1.13 billion to settle repurchase claims on residential mortgage-backed securities (RMBS).According to the bank’s announcement, Citi has agreed to make a binding offer to the trustees of 68 Citi-sponsored mortgage trusts that issued a combined $59.4 billion in RMBS from 2005–2008. The agreement, struck with 18 institutional investors representing the trusts, calls for a payment of $1.125 billion plus certain fees and expenses.The bank has taken an additional charge of approximately $100 million in the first quarter as a result.For making the payment, Citi would be released from outstanding and potential repurchase obligations on loans sold into the trusts. The agreement does not release the bank from potential investor claims related to alleged misrepresentations in loan offering documents or from any potential regulatory actions.In a statement, the bank said, “This settlement resolves a significant legacy issue from the financial crisis and we are pleased to put it behind us.”The agreement still requires approval from the Federal Housing Finance Agency and acceptance by the trustees. In a separate release, the institutional investors that are party to the agreement—including Freddie Mac, Goldman Sachs, and others—urged the trustees to take Citi’s offer.last_img read more

UWM Announces Enhancements to Broker Tools

first_imgUWM Announces Enhancements to Broker Tools Share in Headlines, News, Technology October 13, 2014 503 Views center_img In Troy, Michigan, United Wholesale Mortgage (UWM) announced the opening of its new Marketing Center, a free benefit for its partners that allows brokers and correspondents to create customized, professionally developed marketing flyers.Enhancements to the Marketing Center tool include integration with UWM’s broker portal, EASE; social media marketing; email marketing; high-resolution files; profile saves for personal branding; and more.”During a period when communication is key, UWM has created one of the most effective tools available with the UWM Marketing Center,” said Eric McKinley, president of Home Place Mortgage, a mortgage firm headquartered in Alexander City, Alabama. “It enables us to provide professional marketing material to promote the real estate agents, the products, and our loan officers. It’s a huge hit with the real estate agents.”At the same time, UWM also unveiled the latest enhancements to its broker mobile app, UMobile, which launched in February this year.As a pre-planned phase two rollout, the app has been completely reskinned, offering an enhanced graphical user interface to allow for easier navigation and a more engaging user experience.”We’re constantly innovating and striving to provide the best service, tools and programs to our brokers and correspondents to make them the most successful originators in wholesale lending,” said Justin Glass, UWM’s chief digital officer. “One of the six pillars of our corporate constitution is ‘Continuous Improvement is Essential to our Long-Term Success.’ The enhancements to our Marketing Center and UMobile demonstrates our commitment to our partners and our company tagline Lending Made Easy.” Company News United Wholesale Mortgage 2014-10-13 Tory Barringerlast_img read more

Five Star to Host Inaugural SingleFamily Rental Summit In Vegas October 1113

first_imgFive Star to Host Inaugural Single-Family Rental Summit In Vegas October 11-13 The 12th Annual Five Star Conference in Dallas last month included the inaugural Single-Family Rental Lab. Now, Five Star Institute is expanding its footprint in the burgeoning single-family rental market with its inaugural Single-Family Rental Summit October 11 to 13, 2015, in Las Vegas.The inaugural Five Star Single-Family Rental Summit, co-hosted by Investability and OwnAmerica, provides ideal educational and networking opportunities for private equity, REIT, institutional/bank, and small/mid-sized investors.”The Five Star Institute is proud to present the inaugural Five Star Single-Family Rental Summit at the Bellagio Hotel in Las Vegas,” Five Star President and CEO Ed Delgado said. “The single-family rental market is an emerging asset class with a strong outlookfor growth.  If you have interest in the single-family rental market, this summit offers invaluable insights from leading subject matter experts that you need to grow your business.”The summit will include labs covering such topics as acquisition, securities, financing, insurance and law, disposition strategies for the SFR market, and rehab. It will also feature an exhibit hall, a general assembly on property management, a dialogue on how to gain scale and the challenges it presents, and several networking events.”It’s a growing industry with billions in transactions on an annual basis.”The rental industry, particularly for single-family detached homes, has seen unprecedented growth in the last year. A recent study from the Urban Institute estimates that new renters will outpace new homeowners over the next decade and a half—and that millennials, the demographic often viewed by analysts as a potential key driver for homeownership, are expected to choose renting more often than owning during the same period.”I think when you listen to everyone else, from the Moody’s people to the property managers to acquisitions people all the way through, I think the message is that this is an industry that is here to stay,” said Tim Herriage, CEO of 2020 REI Companies. “It’s a growing industry with billions in transactions on an annual basis.”To register for the Single-Family Rental Summit, click here. Also, for more information, email concierge@thefivestar.com or call (214) 525-6700.Editor’s note: The Five Star Institute is the parent company of DS News, DSNews.com, The MReport, and TheMReport.com. Share October 5, 2015 482 Views center_img in Daily Dose, Headlines, News Five Star Institute Inaugural Single-Family Rental Summit Single Family Rental Market 2015-10-05 Seth Welbornlast_img read more

The Week Ahead How Credit Score Impacts Mortgage Terms

first_img Share This week, LendingTree’s Chief Economist Tendayi Kapfidze will release analysis of lender offer data using a sampling of borrowers with a range of credit scores. LendingTree announced that the report aims to provide insight to how credit score impacts mortgage offers.According to a preview of the report, purchase APRs for conforming 30-year fixed loans offered on LendingTree’s platform were down 3 bps to 4.31 percent in October. Consumers with the highest FICO scores (760+) saw offered APRs of 4.18 percent in October, compared to APRs of 4.44 percent for consumers with scores of 680-719. The average purchase down payments for mortgages have also been rising for seven months and have reached $59,680. Refinance APRs for conforming 30-year fixed loans were up 10 bps to 4.26 percent. Finally, average monthly payments barely changed at just over $1,100 for both purchase and finance. The full LendingTree monthly report will be released during the week.Also to be released this week:Treasury Budget, Monday, 2:00 p.m. ESTNational Association of Home Builders Housing Market Index, Thursday, 10:00 a.m. ESTHousing Starts, Friday, 8:30 a.m. ESTValueInsured Fall 2017 Modern Homebuyer Survey in Daily Dose, Data, Featured, News November 12, 2017 502 Views center_img The Week Ahead: How Credit Score Impacts Mortgage Terms 2017-11-12 Staff Writerlast_img read more

Vendorly Partners with BitSight

first_img Vendorly 2019-04-04 Seth Welborn Share in News, Technology Vendorly Partners with BitSightcenter_img Vendorly, a vendor oversight platform for financial institutions, recently announced an agreement with BitSight. Vendorly is now an authorized reseller of BitSight Security Ratings.In a release, Vendorly stated that “global organizations are increasingly facing significant cyber risk management challenges. To help proactively mitigate risk, organizations need automated tools to measure and monitor the security performance of vendors.”“For many organizations, cybersecurity and threat assessments continue to be an esoteric concept,” said Jim Vaca, Senior Vice President, Vendorly. “Organizations are often not capable of keeping up with the rapidly changing threat environment, let alone understanding the actual security performance of their critical vendors. BitSight has created objective metrics and tools that help identify cyber risk in a way that is understandable for organizations.”“We are thrilled to work alongside Vendorly to help financial institutions address critical cyber risk challenges,” said Matt Cherian, Vice President of Strategic Partnerships, BitSight. “With companies increasingly outsourcing key business functions, managing vendor risk is critical to protecting a company’s most important assets. BitSight delivers the data and analytics necessary to make informed decisions.” April 4, 2019 488 Views last_img read more