Housing Wire

APRIL 6, 2023

The Federal Deposit Insurance Corporation (FDIC) has decided, in a “gradual and orderly” move, to sell a portfolio of $114 billion in mortgage-backed securities (MBS) it retained after seizing control of failed regional banks Signature Bank and Silicon Valley Bank (SVB). To illustrate, SVB failed to raise capital to plug a $1.8

Banks 383

Banks Commercial Mortgages Brokerage 383

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. was open for business.

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). The bank failed to raise capital to plug a $1.8

Banks 384

Banks Finance Commercial Technology 384

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb.

Banks 441

Banks Mortgages Fixed-rate mortgage Equity 441

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 bank was followed by Flagstar, with $11.8 billion in volume and a 12.3%

Loans 331

Loans Mortgages Due diligence Banks 331

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

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 421

Banks Commercial Loans Finance 421

Housing Wire

MARCH 22, 2023

The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. banking system is sound and resilient. “The U.S. The extent of these effects is uncertain. A number of financial institutions in the U.S. in December.

Banks 410

Banks Lending Mortgages Commercial 410

Housing Wire

JANUARY 12, 2023

Los Angeles-headquartered City National Bank agreed to pay $31 million in relief to impacted individuals and communities to settle a redlining case with the U.S. Consequently, other banks received more than six times as many applications in these neighborhoods in Los Angeles County than City National each year.

Banks 384

Banks Loan Officer Loans Commercial 384

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 416

Equity Mortgages Banks Commercial 416

Housing Wire

APRIL 16, 2024

Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. Expect independent mortgage banks to continue taking share from the large commercial depositaries, which are still shrinking their footprints in lending and servicing,” Hagen said in a report on Tuesday.

Mortgages 421

Mortgages Banks Equity Commercial 421

Housing Wire

FEBRUARY 7, 2024

Less than a year after coming to the rescue of Signature Bank during the market turmoil of March 2023, New York Community Bancorp (NYCB) faces a confidence crisis due to its exposure to commercial real estate loans. According to Inside Mortgage Finance (IMF) estimates, Flagstar originated $15.7 billion in mortgages in 2023.

Mortgages 441

Mortgages Banks Marketing Commercial 441

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 409

Loan Officer Commercial Investor Banks 409

Marco Santarelli

MAY 2, 2024

Powell Warns of Bank Failures The stability of the banking sector is a critical component of the global financial system, and recent statements from the Federal Reserve (Fed) have highlighted concerns about potential bank failures. The Fed has identified banks with high concentrations in these areas as being at risk.

Banks 75

Banks Commercial Residential Lending 75

Housing Wire

MARCH 1, 2024

DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB. DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB. The stress is leading the bank to seek to sell some of its assets and transfer some mortgage risks to improve its capital position.

Banks 420

Banks Loans Commercial Mortgages 420

Marco Santarelli

MAY 3, 2024

The financial stability of a nation's banking system is crucial for economic growth and the well-being of its citizens. banks are at risk of failure. banks , identifying 282 that face risks from commercial real estate loans and potential losses due to higher interest rates. The analysis evaluated around 4,000 U.S.

Banks 52

Banks Commercial Investor Technology 52

Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. So, how has the industry adapted to this systemic shock?

Lending 113

Lending Commercial Banks Construction 113

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 410

Loans Bankruptcy Sales Commercial 410

Housing Wire

AUGUST 1, 2023

Multifamily borrowing remained strong in 2022, largely as a result of lending by banks,” said Jamie Woodwell, MBA’s head of commercial real estate research. While capital sources of lending fell, the amount by which it fell was almost offset by activity seen from banks, Woodwell explained.

Lending 369

Lending Commercial Banks Mortgages 369

Housing Wire

MARCH 1, 2024

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. million; Customers Bank receive $7.64

Banks 420

Banks Bankruptcy Commercial Equity 420

Housing Wire

APRIL 7, 2023

trillion in commercial real estate debt will mature, “… by far more than any 5-year period in history.” Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. An opportunity for commercial real estate investors and developers? What does this sound like to you?

Commercial 397

Commercial Banks Fixed-rate mortgage Residential 397

Housing Wire

MARCH 21, 2024

Concerns over Basel III Endgame Fratantoni also expressed concern that the recent Basel III Endgame proposal would accelerate the trend of the mortgage market shifting away from depository institutions, particularly large banks, toward non-depositories and independent mortgage banks. banks in comparison to international standards.

Industrial 426

Industrial Banks Residential Lending 426

Housing Wire

FEBRUARY 28, 2024

Prior to his stint at Blackstone, Pollack was the global head of commercial real estate at Deutsche Bank , where he worked for 16 years. Blackstone ’s Jonathan Pollack is joining private investment firm Starwood Capital Group , the company announced on Monday. Starting in January 2025, Pollack will serve as the company’s new president.

Commercial 417

Commercial Banks Development Industrial 417

Marco Santarelli

MAY 8, 2024

The banking sector is the backbone of any economy, providing the necessary financial services to individuals and businesses alike. According to the expert, almost 300 banks are currently at a higher risk of failure in the United States. Why 300 Banks Are at Higher Risk of Failure?

Banks 52

Banks Commercial Equity Lending 52

Housing Wire

JULY 14, 2023

The Maine state agencies filed the lawsuit, Franklin Savings Bank v. When they failed to pay the whole amount, the bank sued, and the couple tried to present evidence that the bank had not provided them with disclosures required by [TILA] or determined that they could repay the loan. The CFPB goes on to cite U.S.

Mortgages 369

Mortgages Commercial Banks Loans 369

Housing Wire

FEBRUARY 27, 2024

The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. February is almost over, but it’s not too late to say that it is a very important month, especially for 50 million Black Americans. But it wasn’t enough.

Banks 432

Banks Loans Land Commercial 432

Housing Wire

SEPTEMBER 12, 2023

With mortgage rates above 7%, historically low levels of housing inventory, defaults in commercial real estate, and a series of potentially onerous regulations to come, Mortgage Bankers Association President and CEO Bob Broeksmit said the trade group is doing all its can to influence policymakers. MBA is also looking ahead to a U.S.

Industrial 410

Industrial Banks Finance Commercial 410

Housing Wire

DECEMBER 21, 2023

It is a sub-servicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company has decided to cut 212 jobs in its Lake Zurich site starting on Feb. 14 to the state authority. trillion, compared to $2.2

Mortgages 431

Mortgages Commercial Banks Investor 431

Housing Wire

DECEMBER 14, 2022

Nexbank, a privately held state-chartered bank in Texas and a subsidiary of NexBank Capital, Inc. promoted Brian Ralston to executive vice president and chief mortgage banking officer. Prior to this role, Ralston served as the senior vice president of mortgage banking at NexBank since 2013. after the departure of John Holt.

Banks 397

Banks Lending Title Commercial 397

Realty Biz

SEPTEMBER 25, 2023

Commercial real estate has long been considered a pillar of stability and prosperity. Consequently, office space vacancies have surged, leading to a substantial decrease in rental income for commercial property owners. However, recent developments have cast a shadow of uncertainty over its future.

Commercial 71

Commercial Lending Banks Investor 71

Realty Biz

JANUARY 23, 2024

CIBC Bank USA has unveiled its latest initiative aimed at promoting affordable housing, encompassing a $17.6 Noteworthy for its expansive clientele of 14 million, spanning personal banking, business, public sector, and institutional domains, CIBC stands as a prominent North American financial institution.

Banks 87

Banks Commercial Renovation Loans 87

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

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

Seattle Times Real Estate

APRIL 9, 2023

Seattle's commercial real estate market is sluggish as developers face high interest rates and economic uncertainty.

Commercial 95

Commercial Banks Marketing Development 95

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S. Santander Bank, NA.,

Mortgages 370

Mortgages Banks Equity Residential 370

Housing Wire

APRIL 9, 2024

Regarding Termine, the Hunterbrook Media spokesperson said the lawyer exposed the Paul Manafort loan scandal , his prior reporting led to multiple criminal convictions, including that of a bank CEO, and he didn’t work for Rocket. “He He left in February. He worked for an independent mortgage broker that actually shopped between options.

Fixed-rate mortgage 441

Fixed-rate mortgage Loans Mortgages Loan Officer 441