Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The sale is expected to close in the third quarter of 2024. billion; 5.7%).

Loans 376

Loans Mortgages Due diligence Banks 376

Housing Wire

JULY 19, 2022

Stewart Title of Louisiana is expanding its support for commercial real estate transactions, through the addition of Ashley Coco as the firm’s Louisiana underwriting counsel, it announced Tuesday. Before joining Stewart, Coco was the lead attorney heading the commercial services department of Commerce Title in Baton Rouge.

Title 320

Title Commercial Land Industrial 320

Marco Santarelli

APRIL 28, 2024

The banking sector is often seen as a barometer for the broader economy , and the closure of a bank can send ripples through the financial community. In 2024 , the United States witnessed its first bank failure of the year with the closure of Republic First Bank.

Banks 105

Banks Commercial Loans Technology 105

Housing Wire

APRIL 26, 2021

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. Flagstar closed $13.8

Banks 382

Banks Branding Commercial Loans 382

Housing Wire

OCTOBER 19, 2022

Although bank capital regulations were updated a decade ago, [current regulations direct] the Federal Home Loan Banks (FHLBs) to use tangible capital in assessing a commercial bank’s creditworthiness for purposes of issuing advances,” the letter reads in part. “In The ability for banks to provide credit to U.S.

Banks 392

Banks Commercial Loans Finance 392

Housing Wire

JUNE 22, 2023

To understand the profile of the loans, Nevada-based mortgage banking company Village moved its focus to the Federal Housing Administration (FHA) Streamline Refinance program in 2011, per its website. In early May, the company launched a commercial servicing division led by James DePalma and Janina Woods. “We bought $12.5

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Closing Lending Loans Commercial 311

Housing Wire

MARCH 6, 2024

The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. A former CEO of OneWest Bank from 2010 and 2015, Otting will become the CEO of NYCB, replacing Alessandro DiNello, who has held the position since Thomas Cangemi stepped down earlier this week.

Equity 313

Equity Mortgages Banks Commercial 313

Housing Wire

FEBRUARY 15, 2024

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending. That’ll be a big part.

Loan Officer 338

Loan Officer Commercial Investor Banks 338

Housing Wire

OCTOBER 12, 2023

If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp., The funds will be to be used to pay Centier Bank and Sound Capital — which AmeriFirst used to fund the mortgages it originated. million to Centier Bank. Centier, in return, would release $1.4

Loans 386

Loans Bankruptcy Sales Commercial 386

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. A signer such as a customer closing on a loan appears before a notary on a video call and they complete, sign and notarize the document, he said.

Closing 462

Closing Loans Banks Investor 462

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Last year, Built acquired lienwaivers.io , a provider of lien waiver management and payment solutions for commercial and residential construction.

Technology 242

Technology Closing Construction Commercial 242

Marco Santarelli

MAY 6, 2023

The banking industry is a cornerstone of the global economy, facilitating the flow of capital and supporting businesses and individuals with their financial needs. However, the industry is not immune to challenges, and bank failures can cause significant disruptions in financial markets. Which Bank Failures Happened This Week?

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Banks Industrial Commercial Loans 97

Housing Wire

APRIL 9, 2024

Hunterbrook also claims that borrowers paid in UWM loans a total of $229 million more in closing costs over the past four years than the average-priced loan. A lawsuit filed by borrowers on the heels of the report states that UWM created a ‘ corrupt ’ scheme with loyal brokers to send loans its way, applying excess fees and costs.

Fixed-rate mortgage 380

Fixed-rate mortgage Loans Mortgages Loan Officer 380

Marco Santarelli

MARCH 20, 2023

In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure , and unfortunately, there have been quite a few in the United States over the years. Banks are an important part of our financial system, but unfortunately, they can fail from time to time.

Banks 139

Banks Commercial Closing Loans 139

Housing Wire

MARCH 14, 2023

However, with the current banking stress news and the emergency action taken by the Fed to secure the banking sector, the question now is what will drive mortgage rates : inflation data, recessionary data, or something else we don’t even see coming? As of the close on Tuesday, the 10-year yield went back to 3.68%.

Mortgages 369

Mortgages Banks Commercial Loans 369

Housing Wire

APRIL 28, 2022

First the market is shifting away from refinance transactions towards purchase and commercial transactions, which is where we have a greater market share. Second, we are the only title company that has a bank which will enable us to capitalize on higher interest rates to a greater extent than our competitors.”.

Title 356

Title Commercial Closing Loans 356

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. Bank OZK has humble roots. In 2019, the bank inked one of its biggest deals.

Banks 67

Banks Construction Finance Commercial 67

Marco Santarelli

NOVEMBER 10, 2023

If you are a customer of Citizens Bank in Sac City, Iowa , you may have been surprised to find out that your bank was closed by the regulators on November 3, 2023. This marked the fifth bank failure in the US this year and the first one in Iowa since 2011.

Banks 52

Banks Commercial Lending Loans 52

Housing Wire

SEPTEMBER 25, 2023

Senate Banking Committee hearing earlier this month. When property owners invest in loss mitigation, they should be promised access to coverage and relief on their premiums,” Douglas Heller, director of insurance at the Consumer Federation of America , said to the Banking Committee earlier this month.

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Lending Mortgages Land Banks 430

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” “We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” ” Another opportunity is in the home equity space. .”

Equity 330

Equity Banks Investor Residential 330

Housing Wire

JUNE 7, 2023

” Chandler brings to the role more than 30 years of experience in commercial real estate finance, having been with M&T since 1991. She also worked as a senior Fannie Mae DUS underwriter and held various roles managing the closing and delivery for FHA and Ginnie Mae transactions.

Commercial 310

Commercial Finance Lending Mortgages 310

Marco Santarelli

MAY 15, 2023

The commercial real estate market is currently facing a looming crisis that experts predict could surpass the challenges experienced during the 2008 financial downturn. Additionally, with a significant number of commercial mortgages due for refinancing in the coming years, the situation is becoming increasingly precarious.

Commercial 64

Commercial Marketing Lending Banks 64

Housing Wire

AUGUST 24, 2023

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. However, the big difference between the financial crisis of 2008 is that the current higher-rate environment is not sending home prices down, and other factors have kept inventory close to historic lows.

Mortgages 368

Mortgages Fixed-rate mortgage Banks Investor 368

Housing Wire

SEPTEMBER 27, 2023

Maxwell acquired LenderSelect Mortgage Group from Blue Ridge Bank in May to expand its secondary market trading platform, bringing hundreds of new clients to the company’s other solutions. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

Lending 385

Lending Loan Officer Loans Technology 385

Housing Wire

JANUARY 29, 2024

Over the next few years, dramatic home price appreciation and the downturn in commercial real estate have the potential to significantly increase residential real estate taxes. At the same time, many observers are predicting a downturn in commercial real estate values. Will all the worst-case scenarios happen all at once?

Commercial 363

Commercial Residential Technology Industrial 363

Marco Santarelli

MARCH 14, 2023

The Impact of Bank Failures on the Housing Market The year 2023 has been marked by a series of bank failures, leaving many to wonder what the impact of these failures will be on the housing market and the wider economy. Bank failures have been a common occurrence throughout history, often causing ripples throughout the economy.

Banks 98

Banks Lending Finance Commercial 98

Housing Wire

MARCH 23, 2023

The ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third largest bank failures in U.S. history, respectively — also threatens liquidity channels for the independent mortgage banks (IMBs).

Industrial 406

Industrial Banks Lending Equity 406

Housing Wire

MARCH 14, 2022

FinCEN’s advanced notice of proposed rulemaking (ANPRM) looked at establishing more widespread recordkeeping and reporting mandates as authorized under the Bank Secrecy Act, for individuals involved in all-cash real estate transactions in both the residential and commercial real estate sectors.

Industrial 401

Industrial Title Commercial Banks 401

Housing Wire

MARCH 30, 2022

We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. Since we now have good coverage across those segments, our more recent investments have primarily focused in two areas – mortgage technology and commercial real estate. As of Sept.

Title 344

Title Mortgages Commercial Technology 344

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. Presented by: Sagent Lending Technologies.

Land 370

Land Lending Technology Banks 370

Housing Wire

AUGUST 8, 2023

Some regional banks working in the space collapsed due to a tightening monetary policy and a deposit run. Gregg Busch has shifted his business focus over the last year or so. And he hasn’t done so voluntarily. billion volume of the previous year, per the mortgage data platform Modex. It is reflected in Busch’s portfolio.

Banks 333

Banks Loans Mortgages Lending 333

Housing Wire

JUNE 1, 2021

“Integrating Surefire’s capabilities within the wider Black Knight mortgage technology ecosystem will make it possible for lender clients of all sizes to close more loans and create customers for life.” At the time of the acquisition, Black Knight said it planned to eventually offer a 100% digital closing.

Loan Officer 424

Loan Officer Loans Banks Commercial 424

Coldwell Banker

NOVEMBER 10, 2020

With many gyms closed or operating at minimum capacity, a home gym has never sounded more appealing. You can even find affordable home gym equipment that gets the job done just as efficiently as a commercial gym can. You can even find affordable home gym equipment that gets the job done just as efficiently as a commercial gym can.

Banks 138

Banks Commercial Closing As-is 138

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. Interfirst purchased refinance leads and sent them to Woodward to close. He was unemployed for only a few weeks.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

MAY 8, 2023

Flagstar Bank , a top-25 U.S. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. ” Meanwhile, Signature brought in high-net-worth customers and took the loan-to-deposit ratio to less than 90%, strengthening the bank’s balance sheet. .”

Banks 306

Banks Lending Loans Mortgages 306

Housing Wire

JUNE 8, 2023

After the creation of title insurance, this practice remained prevalent in the conventional residential mortgages, until the rise of the GSEs and commercial banks setting up mortgage operations. Due to the large national footprint of both the GSEs and large commercial banks, title insurance quickly became de rigueur.

Title 303

Title VA loan Title search Commercial 303

Housing Wire

SEPTEMBER 29, 2020

These include one that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions, the release said. Announced in April, this rule applies only to loans kept in a bank’s portfolio, and originally alarmed appraisers. 31 this year.

Commercial 401

Commercial Residential Equity Banks 401