Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor 382

Investor Bankruptcy Finance Equity 382

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 320

Finance Mortgages Lending Equity 320

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

MARCH 8, 2024

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. “We FDIC), banks held $2.78

Banks 452

Banks Commercial Lending Residential 452

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 The home equity portfolio was $25.5 On Tuesday morning, the top-20 U.S. mortgage lender stated it produced a volume of $3.4 from the $3.9

Mortgages 394

Mortgages Banks Equity Commercial 394

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 372

Mortgages Banks Marketing Commercial 372

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 433

Banks Mortgages Fixed-rate mortgage Equity 433

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

JANUARY 4, 2023

Kathryn Amor, former senior vice president of Finance of America Companies (FoA), has taken on a new role at Guaranteed Rate as the Chicago-based lender looks to diversify its product mix amid the mortgage downturn. That same month, Guaranteed Rate also added home equity line of credit (HELOC) options for homeowners. It originated $45.2

Finance 364

Finance Commercial Loans Title 364

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. Going forward, Better is focused on driving market share and reaching profitability in the medium term.

Loan Officer 387

Loan Officer VA loan Loans Technology 387

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. the retail and commercial businesses, has around 9,000 employees. The decision will not impact the commercial mortgage business.

Mortgages 366

Mortgages Banks Equity Residential 366

Realty Biz

DECEMBER 5, 2023

Alexandria Real Estate Equities, Inc. With strong financial skills and a nearly three-decade track record as a distinguished equity research analyst covering the REIT sector, Sheila will add significant value to Alexandria and for our stockholders. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc.

Equity 79

Equity Commercial Finance Technology 79

Broke Agent Media

JANUARY 31, 2023

Fannie Mae multifamily financing provided over $69 billion in 2022 to expand nationwide access to affordable housing. In the past five years since re-entering the market, Fannie Mae has provided more than $3 billion in equity property investments throughout the U.S., billion Berkadia Commercial Mortgage, LLC: $6.8

Finance 98

Finance Closing Equity Commercial 98

Housing Wire

AUGUST 11, 2023

Freddie Mac is required to conduct annual stress tests in an effort to “assess capital adequacy under [the Federal Housing Finance Agency (FHFA)’s] rule implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) stress testing requirements,” the results explained. Actual outcomes may be very different.”

Commercial 331

Commercial Finance Equity Design 331

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

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. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 390

Mortgages Equity Loans Seller concession 390

Housing Wire

JANUARY 31, 2023

First Internet Bank will end its direct-to-consumer operations in the first quarter of 2023 and shifts its focus to origination efforts on its floating rate loan products — most notably its commercial construction and small business lending — as well as its higher-yielding fixed rate programs, such as franchise finance.

Banks 396

Banks Mortgages Lending Commercial 396

Housing Wire

MAY 8, 2024

Securitization a ’key portfolio objective’ “We successfully completed our inaugural securitization of proprietary reverse mortgage loans from Longbridge, which converted repo financing into term non-mark-to-market financing at an attractive cost of funds,” Penn said. “We But Penn is looking ahead with optimism.

Mortgages 218

Mortgages Marketing Loans Finance 218

Housing Wire

MARCH 1, 2024

Long Island-based NYCB, which concluded the acquisition of Flagstar Bank in December 2022 and rescued Signature Bank in March 2023, has faced a confidence crisis due to its exposure to commercial real estate loans. billion in mortgages in 2023, according to Inside Mortgage Finance (IMF) estimates. Flagstar originated $15.7

Banks 344

Banks Loans Commercial Mortgages 344

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

FEBRUARY 10, 2022

The Federal Housing Finance Agency has prioritized expanding access to credit while prioritizing safety and soundness. In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances. It reported $2.7

Loan Officer 392

Loan Officer Finance Loans Banks 392

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 425

Technology Development Title Lending 425

Housing Wire

FEBRUARY 8, 2024

Before that, he spent nearly a year as EVP of direct lending at Go Mortgage and served for eight years as president of consumer direct at Lending.com , a Finance of America company. While rates are still high, Two Harbors will work with second liens and home equity products through its origination business. 31, 2023. “We

Lending 326

Lending Mortgages Principal Loans 326

Realty Biz

JULY 14, 2022

Equity waterfall models are one of the most difficult real estate finance concepts to understand. commercial retail buildings. A sound commercial real estate investment strategy can pay off, but you need to know what you’re working with. XIRR and the Equity Multiple are also used.

Commercial 91

Commercial Investor Equity Loans 91

Housing Wire

APRIL 14, 2023

population — own more than $30 trillion in residential, commercial, industrial and agricultural property. White professionals also dominate the commercial real estate sector. Who decides what our neighborhoods look like? And who profits from these projects? For generations, real estate ownership in the U.S. In rural areas of the U.S.,

Commercial 339

Commercial Land Development Industrial 339

Propmodo

OCTOBER 3, 2023

In today’s topsy-turvy commercial real estate market, getting a loan with favorable terms seems like an impossible dream. Describing assets and lending as “brown” or “green” are descriptions typically used in European finance circles, but it’s something being discussed a lot in the U.S., according to Forrester Research.

Finance 48

Finance Banks Lending Commercial 48

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 373

Commercial Equity Banks Finance 373

Housing Wire

MAY 25, 2022

The most affordable manufactured homes are financed with private loans with higher interest rates, shorter terms and fewer consumer protections than mortgage loans. The homes financed by these loans come without land, like a car, and the homeowner typically rents the land beneath their home. That means the 17.5

Finance 369

Finance FHA loan Loans Bankruptcy 369

Housing Wire

MARCH 23, 2023

The nation’s warehouse lenders are a lifeline of liquidity for the nonbank mortgage sector, providing IMBs with lines of credit and other financing that serve as key ingredients in the sausage-making of mortgage origination. The warehouse lenders identified in the recent Moody’s reports are Phoenix-based Western Alliance Bank ($67.7

Industrial 406

Industrial Banks Lending Equity 406

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. The closer, the better.

Mortgages 519

Mortgages Marketing Lending Loans 519

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 374

Marketing Title Closing costs Technology 374

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 382

Development Loans Banks Mortgages 382

Housing Wire

MARCH 19, 2021

In an earnings call this week, Lennar executive chairman Stuart Miller said the move would maximize the technology investments made through LENx , the company’s primary investment vehicle. Those investments include the sale of SunStreet solar and stakes in insurtech firms Hippo Home Insurance and Doma (formerly known as States Title ).

Land 523

Land Development Equity Construction 523

Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Challenges and Opportunities The world of spec house financing presents both challenges and opportunities.

Loans 108

Loans Finance Construction Commercial 108

Propmodo

APRIL 30, 2024

The amount of commercial real estate debt maturing this year makes the situation trickier. Newmark estimates that $929 billion of commercial real estate loans will come due in 2024. Willowbrook Partners will provide bespoke credit solutions for distressed commercial real estate projects in the $5 million to $50 million range.

Commercial 67

Commercial Bankruptcy Investor Equity 67

Housing Wire

DECEMBER 26, 2022

As a result, many title firms have found revenue coming from different sources, including stronger than expected commercial revenue and other mortgage products such as home equity lines of credit (HELOCs). What happened to the market?’”. Currently, I would say the majority of our volume is some type of HELOC product.”.

Title 474

Title Industrial Closing costs Closing 474

Propmodo

APRIL 23, 2024

It’s hard to go a day in the commercial real estate world lately without hearing about Commercial Property Assessed Clean Energy (C-PACE) lending. C-PACE deals have risen recently in lock-step with Federal Reserve rate increases that have slowed the pace of commercial bank lending. Roughly $6.9

Lending 62

Lending Commercial Finance New Construction 62