The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

IPO / M&AMortgage

AmeriHome revives IPO plans

Lender and servicer made $174M profit in Q3 2020

Months after it delayed its $250 million initial public offering, AmeriHome has signaled that it may now be ready to enter the public markets.

The lender and servicer filed updated paperwork with the Securities and Exchanges Commission on Monday detailing its performance through Sept. 30.

According to the updated S-1, AmeriHome, owned by asset management firm Apollo Global, generated $173.8 million in net income during the third quarter. AmeriHome also originated $17 billion in residential loans during the third quarter.

The company is the No. 3 correspondent lender in the country, and also sports a servicing business with about $96 billion in mortgage servicing rights, up from $87 billion as of the second quarter of 2020. AmeriHome earns fees that range between 25 and 56.5 basis points on loans it services, the S-1 said.

Executives at the company pulled the plug on the IPO in late October amid broader turmoil in the financial markets. The firm planned to raise $250 million by offering roughly 14 million Class A shares at a price range of $16 and $18 – valuing AmeriHome at $1.3 billion.

Amid record-high origination volumes, mortgage fraud risk is down – Here’s why

CoreLogic’s annual Mortgage Fraud Report found that the risk of mortgage fraud for the 12 months ending June 2020 decreased 26.3% year-over-year nationally.

Presented by: CoreLogic

Like AmeriHome, lender and servicer Caliber Home Loans also postponed its IPO in late October. Caliber, owned by private equity firm Lone Star Funds, was seeking a valuation north of $2 billion when it scotched the public offering. It’s unclear what Caliber’s immediate plans are for a possible IPO.

Several other lenders and servicers also plan to go public in the coming months. United Wholesale Mortgage is eyeing a $16.1 billion valuation on Jan. 22 when it debuts via a special purpose acquisition company. Blackstone Group-owned Finance of America is also looking to go public, as is digital lender

Leave a Reply

Your email address will not be published. Required fields are marked *

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please