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 391

Loans Mortgages Due diligence Banks 391

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. Loan production in the home equity arena was $1.8 BofA’s mortgage assets Bank of America had $227.7 The home equity portfolio was $25.5 The home equity portfolio was $25.5

Mortgages 405

Mortgages Banks Equity Commercial 405

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.

Loan Officer 352

Loan Officer Commercial Investor Banks 352

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 388

Mortgages Banks Marketing Commercial 388

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 359

Banks Loans Commercial Mortgages 359

Realty Biz

SEPTEMBER 14, 2022

If you’ve ever purchased a home, you’re probably familiar with the term “equity” and what it means. When it comes to buying a house, your down payment is the initial equity you have in the property. The rest is financed through your loan with a bank, which you slowly pay off over time. . How Does Preferred Equity Work?

Equity 93

Equity Commercial Investor Finance 93

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.

Mortgages 368

Mortgages Banks Equity Residential 368

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

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 353

Banks Bankruptcy Commercial Equity 353

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 413

Industrial Banks Lending Equity 413

Housing Wire

MAY 22, 2023

For starters, the banking crisis is still unfolding, impacting the mortgage-backed securities (MBS) space, reducing jumbo loan offerings, and putting pressure on commercial real estate companies. Is the banking crisis over? “It seems like banks will be less active in the space,” George said. .

Industrial 397

Industrial Mortgages Banks Commercial 397

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

MAY 22, 2023

The banking crisis is still unfolding, impacting the mortgage-backed securities (MBS) space, reducing jumbo loan offerings, and putting pressure on commercial real estate companies. Is the banking crisis over? “It seems like banks will be less active in the space,” George said. . Even if the U.S.

Industrial 336

Industrial Mortgages Banks Commercial 336

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. Furthermore, many of them have depleted equity, exacerbating the situation.

Commercial 71

Commercial Lending Banks Investor 71

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.

Lending 435

Lending Mortgages Land Banks 435

Housing Wire

JANUARY 18, 2024

Ted Tozer, former president of Ginnie Mae during the Obama administration and current president Alanna McCargo’s most recent Senate-confirmed predecessor, applauded the news that the company is looking into the development of a new Home Equity Conversion Mortgage (HECM)-backed Security (HMBS) product.

Development 395

Development Loans Banks Mortgages 395

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

Marco Santarelli

APRIL 23, 2024

This biannual Financial Stability Report , published in April 2024, raises concerns about both the residential and commercial sectors , highlighting potential risks to financial stability. Commercial Real Estate: A Different Story The commercial real estate landscape paints a contrasting picture, with property values currently depressed.

Commercial 105

Commercial Residential Equity Banks 105

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

AUGUST 24, 2023

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. Some are leveraging high home equity levels, others downsize their budgets or ask their family for cash assistance. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

Mortgages 369

Mortgages Fixed-rate mortgage Banks Investor 369

Housing Wire

FEBRUARY 21, 2024

MBA entry-level initiative In a parallel effort, the Mortgage Bankers Association (MBA) introduced “Mortgage Banking Bound” in 2023. It draws content from MBA’s School of Mortgage Banking and School of Loan Origination, including prerequisite coursework. According to data from the U.S.

Mortgages 339

Mortgages Title Marketing Lending 339

Realty Biz

JANUARY 27, 2022

Commercial real estate sales in the U.S. The report said commercial property sales hit a record-breaking $809 billion last year, almost double that of 2020’s total sales. Real estate and private equity investors are still flush with cash and banking on more commercial property investments in 2022, The Wall Street Journal reported.

Commercial 94

Commercial Sales Investor Equity 94

Real Trends

SEPTEMBER 7, 2022

In recent years, more women have been making serious strides in commercial real estate, and women-owned businesses are on the rise. According to a 2020 Commercial Real Estate Women (CREW) report , women made up just 36% of the industry, while women holding executive positions only amounted to 9%. Greater gender equity is key.

Commercial 76

Commercial Equity Industrial Finance 76

Housing Wire

AUGUST 17, 2022

EagleBank , one of the largest community banks in metro Washington, D.C., Securities and Exchange Commission (SEC) over insider-lending allegations brought against the bank and its former top executive, Ronald Paul. The bank, which operates a mortgage-lending unit, along with its holding company, Eagle Bancorp Inc.,

Lending 342

Lending Banks Loans Investor 342

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. “Our Presented by: Sagent Lending Technologies.

Land 384

Land Lending Technology Banks 384

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 409

Commercial Residential Equity Banks 409

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. Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. It just has not gone well.”.

Mortgages 521

Mortgages Marketing Lending Loans 521

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Homepoint is in a tough spot. We’re not afraid to get smaller as an organization.” Homepoint is hardly alone.

Mortgages 394

Mortgages Equity Loans Seller concession 394

Housing Wire

FEBRUARY 10, 2022

He was most recently CEO of Hayden Consulting , which advises mortgage banks, commercial banks, thrifts, REITs, and private equity firms. Freddie Mac’s net worth is now $28 billion, more than three times what it was pre-pandemic. It reported $2.7 Overall, Freddie Mac purchased $1.22 The post Freddie Mac posts $12.1B

Loan Officer 395

Loan Officer Finance Loans Banks 395

Housing Wire

MARCH 28, 2023

Financial news this month has been dominated by ructions in the commercial banking industry , as some institutions’ risk management functions proved unequal to the rising level of interest rate,” Lazzara said in a statement. The annual growth rate in December was 4.4%. The index came in at a reading of 292.71 in January. Miami (+13.8%

Commercial 383

Commercial Equity Banks Finance 383

Housing Wire

SEPTEMBER 1, 2023

In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations. Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success.

Technology 436

Technology Development Title Lending 436

Marco Santarelli

MARCH 29, 2023

government agency that provides insurance coverage to depositors in case their bank or financial institution fails. One of the best ways to ensure that your money is safe and protected is by keeping it in an FDIC-insured bank. One of the best ways to ensure that your money is safe and protected is by keeping it in an FDIC-insured bank.

Banks 52

Banks Commercial Industrial Equity 52

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.

Marketing 372

Marketing Banks Mortgages Investor 372

Housing Wire

MAY 16, 2022

As banks and non-bank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios. Two of the nation’s largest banks, JPMorgan Chase and Wells Fargo & Co.

Principal 373

Principal Banks Loans Lending 373

Housing Wire

NOVEMBER 30, 2020

The Fund will seek commercial leverage by organizing and leading a syndicate of fintech-focused venture capital and private equity funds to create significantly more investing capacity – an important aspect of the program’s design. To stay competitive in today’s market, technology adoption and integration is key.

Technology 369

Technology Mortgages Due diligence Commercial 369

Propmodo

OCTOBER 3, 2023

In today’s topsy-turvy commercial real estate market, getting a loan with favorable terms seems like an impossible dream. Banks, keen to reduce their risk, have tightened up lending, enacting stricter standards for potential borrowers to meet. In 2021, the green finance market exceeded $720 billion in the U.S.,

Finance 48

Finance Banks Lending Commercial 48

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While real estate is the largest asset class in the world, it’s a segment that is still highly fragmented.

Marketing 379

Marketing Title Closing costs Technology 379