Mortgage loan

Long & Foster Agents Rank Among Top in the Nation

Friday, June 11, 2021 - 10:26pm

Long & Foster teams and individual agents have been recognized on the REAL Trends list for more than a dozen years.

Key Points: 
  • Long & Foster teams and individual agents have been recognized on the REAL Trends list for more than a dozen years.
  • 1 real estate company*, is part of The Long & Foster Companies, a subsidiary of HomeServices of America, a Berkshire Hathaway affiliate.
  • The Long & Foster Companies also includes Prosperity Home Mortgage, LLC, Long & Foster Insurance and Long & Foster Settlement Services.
  • Long & Foster Real Estate has over 200 offices, stretching from Raleigh, North Carolina, to Fair Haven, New Jersey, and from Charles Town, West Virginia, to the Atlantic Ocean.

Should you buy a home right now? The answer is yes.

Friday, June 11, 2021 - 8:03pm

With mortgage interest rates at low levels, monthly rent prices climbing, and home values going up, new homeowners can gain instant equity.

Key Points: 
  • With mortgage interest rates at low levels, monthly rent prices climbing, and home values going up, new homeowners can gain instant equity.
  • CBH Homes is offering an opportunity for new buyers to receive up to $20,000 towards a new CBH home to support buyers in this economy.
  • "Whether you're renting or looking to move up, now is the time to buy."
  • With an unprecedented large inventory on the ground, CBH has 250 new homes ready for buyers to move into.

Freddie Mac Announces Pricing of $385 Million Multifamily Small Balance Loan Securitization

Friday, June 11, 2021 - 3:54pm

Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.

Key Points: 
  • Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.
  • In addition to the five classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.
  • Freddie Mac has a specialty network of Optigo Seller/Servicers and Optigo SBL lenders with extensive experience in this market who source loans across the country.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.

ICE Mortgage Technology Acquires eVault Technology from DocMagic for Encompass eClose

Friday, June 11, 2021 - 1:30pm

ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years, said Dominic Iannitti, president and CEO of DocMagic.

Key Points: 
  • ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years, said Dominic Iannitti, president and CEO of DocMagic.
  • ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration.
  • At ICE Mortgage Technology , we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.
  • Encompass and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005076/en/

Freddie Mac Prices $1 Billion Multifamily K-Deal, K-129

Thursday, June 10, 2021 - 10:11pm

The K-129 Certificates are backed by corresponding classes issued by the FREMF 2021-K129 Mortgage Trust (K129 Trust) and guaranteed by Freddie Mac.

Key Points: 
  • The K-129 Certificates are backed by corresponding classes issued by the FREMF 2021-K129 Mortgage Trust (K129 Trust) and guaranteed by Freddie Mac.
  • Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities.
  • Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Arbor Realty Trust Closes a $815 Million Collateralized Loan Obligation Securitization

Thursday, June 10, 2021 - 9:02pm

UNIONDALE, N.Y., June 10, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the closing of a $815 million commercial real estate mortgage loan securitization (the Securitization).

Key Points: 
  • UNIONDALE, N.Y., June 10, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the closing of a $815 million commercial real estate mortgage loan securitization (the Securitization).
  • An aggregate of approximately $674 million of investment grade-rated notes were issued (the Notes) and Arbor retained subordinate interests in the issuing vehicle of approximately $141 million.
  • The $815 million of collateral includes approximately $162 million of capacity to acquire additional loans for a period of up to 180 days from the closing date of the Securitization.
  • Arbor Realty Trust, Inc. (NYSE: ABR ) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets.

PennyMac Mortgage Investment Trust Announces Update for Investor Day on June 17, 2021

Thursday, June 10, 2021 - 9:30pm

PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021.
  • Registration for the event is now open and available on the Companys investor relations website at www.PennyMac-REIT.com .
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .

PennyMac Financial Services, Inc. Announces Update for Investor Day on June 17, 2021

Thursday, June 10, 2021 - 9:30pm

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced an update regarding its combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) on Thursday, June 17, 2021.

Key Points: 
  • PennyMac Financial Services, Inc. (NYSE: PFSI) today announced an update regarding its combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) on Thursday, June 17, 2021.
  • Registration for the event is now open and available on the Companys investor relations website at www.ir.pennymacfinancial.com .
  • The Investor Day will include presentations from a diverse group of senior executives across both companies and multiple question and answer sessions.
  • As of March 31, 2021, PennyMac Financial serviced loans totaling $449 billion in unpaid principal balance, making it the sixth largest mortgage servicer in the nation.

CrossCountry Mortgage Celebrates Launch of $46 Million Headquarters Project

Thursday, June 10, 2021 - 9:30pm

Founded in 2003, CrossCountry Mortgage is a top 10 retail mortgage lender nationwide and the largest based in Ohio.

Key Points: 
  • Founded in 2003, CrossCountry Mortgage is a top 10 retail mortgage lender nationwide and the largest based in Ohio.
  • "We appreciate the close collaboration with our partners and CrossCountry Mortgage to help the company continue its success in Ohio."
  • CROSSCOUNTRY MORTGAGE, LLCis a top 10 retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr.
  • CrossCountry Mortgage is on the Inc. 5000 List of America's Fastest-Growing Private Companies and a recipient of several other local and national awards for sales and growth.

Sagen MI Canada Inc. Announces Annual General Meeting Voting Results

Thursday, June 10, 2021 - 6:42pm

As of the record date for the Meeting, the outstanding Common Shares represented approximately 64.9840% of the aggregate voting rights attached to the Company's issued and outstanding voting securities.

Key Points: 
  • As of the record date for the Meeting, the outstanding Common Shares represented approximately 64.9840% of the aggregate voting rights attached to the Company's issued and outstanding voting securities.
  • About Sagen MI Canada Inc.
    Sagen MI Canada Inc., operating through its wholly owned subsidiary, Genworth Financial Mortgage Insurance Company Canada (doing business as SagenTM),is the largest private sector residential mortgage insurer in Canada.
  • Sagen is a trademark owned by Sagen MI Canada Inc.
  • SOURCE Sagen MI Canada Inc.