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 359

Banks Mortgages Commercial Lending 359

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 364

Banks Mortgages Loans Loan Officer 364

Housing Wire

JANUARY 11, 2022

Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic finance executives within mortgage banking or a real estate brokerage only. The post Nominations for HousingWire’s Finance Leaders award are now open!

Finance 376

Finance Residential Title Mortgages 376

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 370

Finance Lending Mortgages Renovation 370

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. But over the last ten years, Bank OZK, a small bank from Arkansas, has grown to become one of the most powerful financiers of large real estate projects in the U.S. Bank OZK has humble roots.

Banks 67

Banks Construction Finance Commercial 67

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 408

Mortgages Banks Marketing Commercial 408

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 411

Mortgages Banks Equity Commercial 411

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 356

Industrial Banks Residential Lending 356

Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. To understand the context, U.S.

Mortgages 361

Mortgages Banks Marketing Residential 361

Housing Wire

SEPTEMBER 6, 2022

Depository bank Citi has trimmed staffing levels in its mortgage business, following surging rates and a reorganization of its operations. . Citi was the 19th-largest residential mortgage lender in America by origination volume in the first half of the year, according to a data analysis by Inside Mortgage Finance.

Mortgages 382

Mortgages Banks Lending Residential 382

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA).

Loan Officer 382

Loan Officer Loans Banks Title 382

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 370

Mortgages Banks Equity Residential 370

Housing Wire

FEBRUARY 3, 2023

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. As labor and supply chain shortages also extend the timelines and budgets of projects, homeowners are favoring flexible financing options.

Renovation 380

Renovation Fixed-rate mortgage Equity Finance 380

Housing Wire

DECEMBER 13, 2023

It’s purely driven by interest rate risk, and it’s also being driven by a lack of liquidity and a loss of deposits in the banking system [a major purchaser of whole loans and mortgage-backed securities in the past].”

Mortgages 381

Mortgages Marketing Banks Investor 381

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. year over year as of the third quarter of last year.

Equity 453

Equity Lending Banks Loans 453

Housing Wire

JANUARY 30, 2023

Daras’ professional career spans more than four decades in the banking and mortgage banking industry. His specializations include risk management, banking and corporate finance functions, bank restructuring, company start-ups and venture capital investing, according to a statement from Cenlar. territories.

Banks 380

Banks Mortgages Residential Finance 380

Housing Wire

AUGUST 14, 2023

Swiss bank UBS AG announced Monday it has agreed to pay $1.43 billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. The settlement with the U.S. It acquired the rival this year for $3.4

Due diligence 354

Due diligence Banks Loans Investor 354

Housing Wire

JULY 11, 2022

Depository bank Citi has bolstered its mortgage business with the hire of industry veteran Darin Lugat, following a reorganization of its mortgage divisions to align with the bank’s retail operations. The bank funded $6.7 billion in residential mortgages during the period, a decrease of 2.5% The bank funded $6.7

Lending 362

Lending Marketing Banks Residential 362

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. The company is also offering a “quicker” version of its base program. “The U.S.

Loans 433

Loans Banks Residential Finance 433

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. That concern is overblown, according to several market experts. Easy target.

Purchase and sale agreement 386

Purchase and sale agreement Banks Mortgages Residential 386

Housing Wire

APRIL 13, 2022

Rocket, the top lender in the country with $351 billion originated in 2021, according to Inside Mortgage Finance, has perhaps invested more than any other lender in America on mortgage tech over the last decade. Bank Home Mortgage. Bank Home Mortgage is the 10th-largest lender in the U.S. But it’s a challenge.

Mortgages 399

Mortgages Banks Technology Finance 399

Housing Wire

MARCH 23, 2022

The new REMIC, Mill City Loan Holdings LLC , will serve as a mortgage conduit for funds managed by CarVal while also developing relationships with originators to acquire “residential mortgage assets across multiple strategies,” according to a CarVal statement announcing the launch of the REMIC, which will do business as Mill City Loans.

Banks 379

Banks Bankruptcy Loans Investor 379

Housing Wire

AUGUST 25, 2023

million) and Wells Fargo Bank ($1.1 Through its origination business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs). Retail lender AmeriFirst Financial Inc.

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Housing Wire

JANUARY 3, 2023

With nearly 40 years of experience in the real estate finance industry, Lowrie is widely known for making history in 2005 as the first female elected chair of the MBA. She also served as a volunteer on numerous MBA committees and on the MBA Residential Board of Governors (RESBOG). billion with revenues of more than $100 million.

Industrial 450

Industrial Mortgages Banks Residential 450

Housing Wire

AUGUST 4, 2021

Depository bank Citi continues to round out its mortgage executive team under the stewardship of Brad Wayman. Louis-headquartered lending operation following a long career at Wells Fargo , the top depository bank by mortgage origination volume in the U.S. The bank funded $33.94 billion in residential mortgages last year.

Mortgages 399

Mortgages Banks Land Lending 399

Housing Wire

NOVEMBER 18, 2022

31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. FHFA’s authority to reduce the number of federal home loan banks. The fundamental purpose of the Federal Home Loan Bank System is housing finance.

Banks 343

Banks Loans Residential Finance 343

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

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily. trillion year over year.

Equity 380

Equity Marketing Fixed-rate mortgage Finance 380

Housing Wire

DECEMBER 1, 2023

The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan. Those loan types would require a larger down payment of at least 10% of the home’s value, or $80,000, which would stretch his budget too thin.

FHA loan 433

FHA loan Loans Finance Mortgages 433

Housing Wire

APRIL 27, 2023

” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending. ” The national top 10 retail mortgage lender funded more than $20 billion in residential mortgages in 2022. and is licensed in 50 states.

Sales 357

Sales Loan Officer Lending Residential 357

Housing Wire

JUNE 20, 2023

In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson. In the first quarter of 2023, the company originated $4 billion in mortgages, according to the Inside Mortgage Finance (IMF) estimates. according to the IMF data.

Mortgages 363

Mortgages Lending Title Residential 363

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Agents 433

Agents Title Residential Finance 433

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 343

Banks Lending Loans Mortgages 343

Housing Wire

JUNE 22, 2022

UWM’s price-matching guarantee included competitors such as Amerisave, Amwest Funding , NewRez/Caliber Home Loans , Cardinal Financial, Carrington Mortgage Services , Citizen Bank/Franklin American , CMG , Equity Prime Mortgage , Finance of America Mortgage , Flagstar Bank , Freedom Mortgage Corp.,

Loans 424

Loans Loan Officer Banks Mortgages 424

Housing Wire

AUGUST 28, 2023

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 Filings show Better completed the acquisition of Birmingham Bank – a regulated U.K bank – in April 2023. residential mortgages, the company said. Total operating expenses dropped to $183.9

Purchase and sale agreement 358

Purchase and sale agreement Loans Banks Finance 358

Housing Wire

MAY 4, 2023

“I haven’t seen a dry spell like this in the time I’ve been in business,” Bob Yopko, president of First Equity Residential Mortgage , said of this year’s spring homebuying season. Rates averaged 5.27% during the same period a year ago.

Mortgages 380

Mortgages Loans Residential Equity 380

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well.

Mortgages 429

Mortgages Banks Loans Industrial 429