Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 370

Banks Mortgages Commercial Lending 370

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 451

Banks Mortgages Fixed-rate mortgage Equity 451

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

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 430

Banks Commercial Loans Finance 430

Housing Wire

SEPTEMBER 24, 2024

Roemanu , the holding company for Toorak Capital Partners and Merchants Mortgage , announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital.

Residential 417

Residential Commercial Finance Loans 417

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. market share, according to Inside Mortgage Finance (IMF) estimates.

Loans 451

Loans Mortgages Due diligence Banks 451

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 30 to $4.20

Mortgages 451

Mortgages Banks Marketing Commercial 451

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

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday. This overlap creates difficulties, not only for banks, but for the regulators, too. Dimon wrote.

Lending 467

Lending Closing Banks Closing costs 467

Housing Wire

JULY 25, 2024

Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). FDIC ) in March 2023, has faced a confidence crisis related to its commercial real estate portfolio. .”

Banks 482

Banks Equity Commercial Mortgages 482

Housing Wire

JULY 1, 2024

Federal Housing Finance Agency (FHFA) Director Sandra Thompson recently announced its conditional approval of Freddie Mac pilot to purchase second mortgages. The second objection is that there are already sufficient private sector loan options for this loan product — primarily the banks and a small cohort of PLS originators.

Loans 430

Loans Mortgages Banks Lending 430

HomeLight

AUGUST 28, 2024

Whether targeting a rehab project in Over-the-Rhine or looking at commercial spaces downtown, finding the right financing is key. In Cincinnati, hard money loans offer a unique and flexible way to finance real estate investments. Cincinnati’s real estate market offers plenty of opportunities for investors.

Finance 115

Finance Hard money loan Home sale contingency Loans 115

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

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 429

Banks Loans Commercial Mortgages 429

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 417

Industrial Banks Finance Commercial 417

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 440

Mortgages Commercial Banks Investor 440

Housing Wire

OCTOBER 9, 2024

retail residential mortgage applications across a variety of independent mortgage banks, commercial banks and thrifts. “Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.”

VA loan 440

VA loan Mortgages FHA loan Loans 440

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 403

Banks Lending Title Commercial 403

Housing Wire

JUNE 7, 2023

“Christine is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces,” said Matt Rocco , the 2023 MBA chairman and president of Colliers Mortgage.

Commercial 370

Commercial Finance Lending Construction 370

Housing Wire

MAY 30, 2024

We look forward to helping them continue to expand and elevate their business as they open this new chapter in their storied history.” He pioneered a comprehensive team approach in real estate, incorporating a transaction coordinator, financing professional and buyer agents to provide full service to a broader clientele. DelRose Sr.

Brokerage 441

Brokerage Residential Commercial Development 441

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

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 430

Mortgages Banks Equity Commercial 430

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 435

Industrial Banks Residential Lending 435

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

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. Green finance has seen record growth in recent years.

Finance 48

Finance Banks Lending Commercial 48

Housing Wire

AUGUST 13, 2024

Despite these harsh realities, Gary Keller, the CEO and co-founder of the firm, still had a reassuring message to share with the over 4,700 agents who had gathered in Austin, Texas for the event. “It There are more than enough homes sales in your market for every one of you to hit your goals if you do the right things.

Agents 331

Agents Purchase and sale agreement Marketing Banks 331

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 441

Banks Loans Land Commercial 441

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

Marco Santarelli

JUNE 9, 2024

Whispers of a looming financial crisis have begun to circulate, casting a shadow over the once-assured stability of the US banking system. Headlines raise questions about bank insolvency, sparking anxieties among consumers and businesses alike. This article delves into the current state of the US banking system in 2024.

Banks 105

Banks Lending Loans Technology 105

Housing Wire

JULY 7, 2023

But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-and-flip or a bridge loan than in past years. But its bridge loan and fix-and-flip loan pipeline is down 40% over that same time period.

Marketing 370

Marketing Lending Banks Loans 370

Housing Wire

AUGUST 26, 2024

Many independent mortgage banks opted to sell a substantial portion of their MSRs, aiming to free up cash and stay afloat amidst declining origination activity, anticipating future regulatory capital requirements or simply lacking interest in maintaining these assets. The dynamic has led to a repositioning of players in the market.

Mortgages 440

Mortgages Banks Debt-to-income ratio Loans 440

RIS Media

NOVEMBER 30, 2020

The Mortgage Bankers Association (MBA) recently announced the members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) for 2021. “MBA boasts a strong leadership group of professionals from all facets of commercial real estate finance. – Gregg Gerken, TD Bank. Wood & Co.

Commercial 82

Commercial Finance Principal Investor 82

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. Modern construction finance requires new infrastructure altogether. and Canada. It brings Built’s total capital raised to more than $137 million to date.

Technology 362

Technology Closing Construction Commercial 362

Housing Wire

APRIL 3, 2023

The tumult in the banking industry set off by the failure of Silicon Valley Bank (SVB) on March 10, followed two days later by the collapse of Signature Bank , has sparked fear in the markets over a potential broader contagion infecting the entire financial industry — and ultimately the U.S.

Banks 388

Banks Lending Industrial Mortgages 388

Housing Wire

OCTOBER 14, 2022

He will also continue to provide analysis of data trends in the real estate finance industry. MBA’s membership exceeds 2,200 companies, encompassing independent mortgage banks, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and credit unions.

Banks 416

Banks Commercial Mortgages Industrial 416

Housing Wire

FEBRUARY 3, 2021

Pacific Western Bank , the wholly owned subsidiary of PacWest Bancorp , announced Tuesday it had acquired Civic Financial Services , a private money lender that caters to real estate investors. Pacific Western Bank hailed the acquisition as a strategic move into specialized areas of the non-QM market. It also offers multifamily loans.

Banks 424

Banks Lending Investor Loans 424

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