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 388

Banks Finance Commercial Technology 388

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

AUGUST 26, 2024

When interest rates began skyrocketing more than two years ago, mortgage companies faced a pivotal decision regarding a crucial part of their business: the servicing portfolio. Mr. Cooper estimates it will hold about $132 billion in mortgages at 6% or higher once the acquisition is finalized. This period was a windfall for servicers.

Mortgages 440

Mortgages Banks Debt-to-income ratio Loans 440

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Mortgages 444

Mortgages Title Marketing Lending 444

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 525

Mortgages Marketing Lending Loans 525

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex is one of Texas’ largest banks, with $8.8 The investment in Thrive comes amid a wave of M&A activity in the mortgage lending space.

Mortgages 370

Mortgages Lending Banks Loans 370

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 435

Industrial Banks Residential Lending 435

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

Lending 451

Lending Loan Officer Loans Technology 451

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. The second area we have been focused on is commercial real estate.

Title 370

Title Mortgages Commercial Technology 370

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

Lending 482

Lending Technology Mortgages Equity 482

Housing Wire

SEPTEMBER 15, 2023

Technologies like encryption help deliver certainty that content has not been tampered with. Validation : Mortgage is a manufacturing process with end products dependent on accurate information. Improving the ability of MERS to verify and transfer ownership required capital, time and technology. What’s next?

Commercial 417

Commercial Technology Investor Title 417

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. Plus, many owners have no other option.

Lending 113

Lending Commercial Banks Construction 113

Housing Wire

SEPTEMBER 25, 2020

Fintech company Sagent announced it hired veteran technology leader Uday Devalla as its new chief technology officer. mortgage originations. mortgage originations. Most recently, he served as a vice president of commercial services for a national title company.

Title 294

Title Mortgages Technology Lending 294

Housing Wire

SEPTEMBER 1, 2023

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

Technology 460

Technology Title Development Lending 460

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

Land 430

Land Lending Technology Banks 430

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Due diligence 417

Due diligence Marketing Mortgages New Construction 417

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

APRIL 4, 2022

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

Lending 388

Lending Technology Commercial Finance 388

Housing Wire

FEBRUARY 22, 2021

During breaks in nearly every televised basketball game, it’s there: Tracy Morgan imploring pensive homebuyers “pretty sure” is not enough, and that they can only be certain about their giant life choice with Rocket Mortgage. Rocket rocketed to being the highest volume mortgage lender in the country by late 2017.

Loan Officer 482

Loan Officer Commercial Banks Mortgages 482

Housing Wire

OCTOBER 30, 2020

Once he takes over as CEO, Floyd said he intends to use his role to help further the adoption of new technology in the title industry. Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development.

Lending 388

Lending Banks Title Commercial 388

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

Due diligence 417

Due diligence Mortgages Loans Residential 417

Housing Wire

JUNE 25, 2021

Joel Rickman: One of the most significant and transformational trends in lending is the call for the modernization and digitization of the mortgage loan process. Talks of a digital mortgage have been happening for years, but now more than ever. We are the largest commercial source for consolidated employment information.

Lending 430

Lending Commercial Technology Loans 430

Housing Wire

JANUARY 5, 2021

The Housing Policy Council has weighed in on the Conference of State Bank Supervisors’ new proposed standards for nonbank mortgage servicers. In the introduction to the Proposed Standards, CSBS recognizes the importance of nonbank mortgage servicers in the mortgage market,” HPC stated in its comment letter. HPC agrees.

Mortgages 404

Mortgages Banks Commercial Technology 404

Housing Wire

APRIL 28, 2022

First the market is shifting away from refinance transactions towards purchase and commercial transactions, which is where we have a greater market share. Second, we are the only title company that has a bank which will enable us to capitalize on higher interest rates to a greater extent than our competitors.”.

Title 388

Title Commercial Closing Loans 388

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Image Credit: Unsplash. Intermediaries.

Technology 145

Technology Due diligence Title Marketing 145

Housing Wire

AUGUST 21, 2020

A 30-year veteran in the consumer finance and mortgage industry, Hilzendeger will be assisting in the company’s growth, responsible for leading the mortgage servicing team and delivering customer experience. Home Point Financial has named Perry Hilzendeger as its president of servicing.

Branding 381

Branding Commercial Lending Staging 381

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. In July, DocuSign acquired Austin-based startup Liveoak Technologies for $38 million in an all-stock transaction.

Closing 498

Closing Loans Banks Investor 498

Marco Santarelli

OCTOBER 26, 2024

Commercial Shift The commercial real estate sector shows rising vacancy rates , pushing investors towards retail and multi-family properties. Commercial Real Estate: A Sector in Transition The commercial real estate sector offers a vivid picture of our current market predicament.

Investor 104

Investor Commercial Technology Finance 104

Housing Wire

MARCH 27, 2024

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. What we love: We are biased but The Gathering pulls from a wide net. Link to register 2. Link to register 3.

Agents 438

Agents Industrial Technology Branding 438

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? CREs need not go it alone.

Commercial 430

Commercial Brokerage Due diligence Title 430

Seattle Times Real Estate

JULY 29, 2024

Deutsche Bank set aside more money for souring U.S. commercial real estate loans, while a Blackstone Inc. mortgage trust slashed its dividend. Any hopes that falling borrowing costs would stem the pain from the U.S. office downturn were swept away this week.

Loans 70

Loans Commercial Banks Mortgages 70

Housing Wire

FEBRUARY 21, 2023

Miami-based fintech provider LoanPASS has integrated with ICE Mortgage Technology, a division of global data, technology, and market infrastructure provider Intercontinental Exchange, Inc. Its partners include Mortgage Bankers Association, LendingPad, LendingWise and Mortgage Action Alliance, among others.

Technology 370

Technology Mortgages Commercial Loans 370

Real Trends

MARCH 14, 2022

From the everyday person selling a condo as an NFT (non-fungible token) to Warren Buffet investing $1 billion in a crypto-friendly bank , it’s clear that blockchain technology, tokenization and digital assets are here to stay. Blockchain technology will change real estate investing with the tokenization of properties.

Industrial 124

Industrial Investor Technology Commercial 124

Marco Santarelli

AUGUST 30, 2024

Commercial Shift The commercial real estate sector shows rising vacancy rates , pushing investors towards retail and multi-family properties. Commercial Real Estate: A Sector in Transition The commercial real estate sector offers a vivid picture of our current market predicament.

Investor 52

Investor Commercial Technology Finance 52

Housing Wire

APRIL 26, 2021

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. according to Inside Mortgage Finance.

Banks 388

Banks Branding Commercial Loans 388

McKissock

APRIL 3, 2022

In recent news, the first commercial property in New York has been put on the market exclusively for Bitcoin — $29 million dollars worth, to be exact. For buyers and sellers, this means they’ll get more bang for their buck when they save on commissions and fees typically charged by brokers, lawyers, and banks. Marketplace Platforms.

Title 73

Title Technology Commercial Banks 73

Marco Santarelli

APRIL 24, 2024

Imagine trying to plan your finances for the next ten years, but interest rates – those numbers that impact everything from mortgage payments to savings account returns – are a bit of a mystery. Here's what we know: as of April 2024, the Bank of Canada is holding rates steady after a period of hikes aimed at curbing inflation.

Banks 52

Banks Finance Commercial As-is 52