Housing Wire

OCTOBER 18, 2023

mortgage lender Bank of America (BofA) reported declining mortgage and home equity production in the third quarter of 2023, compared to the previous quarter. And more declines are yet to come if regulators’ proposed capital rules are applied to banks, according to BofA’s executives. Top-20 U.S. decline from $5.9

Mortgages 340

Mortgages Banks Equity Lending 340

Housing Wire

JANUARY 13, 2023

Like its nonbank competitors, Wells Fargo , JPMorgan Chase and Bank of America operated in a highly challenging mortgage market in 2022. Bank of America, number 10 among the top U.S. It will be an adjustment for the bank. Wells Fargo, the third-largest U.S. mortgage lender by volume, originated $14.6

Mortgages 408

Mortgages Banks Equity Lending 408

Housing Wire

FEBRUARY 8, 2024

Bloomberg also reported that several banks, including JPMorgan Chase & Co. and Bank of America Corp. E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. DocuSign had 7,336 employees at the end of 2023.

Sales 402

Sales Banks Technology Investor 402

Housing Wire

APRIL 9, 2024

The Community Home Lenders of America (CHLA) applauds these initiatives. Homeownership is used far too often as the federal piggy bank. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. The American homebuyer needs help.

FHA loan 437

FHA loan Loans Title Mortgages 437

Housing Wire

JANUARY 11, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage , a subsidiary of HomeServices of America , promoted Justin Messer to president and CEO on January 1, 2023. Messer has been with Prosperity since January 2011, working as SVP of capital markets and corporate strategy before a promotion to COO in 2019.

Mortgages 372

Mortgages Banks Loans Lending 372

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. This is what we do in America. People’s first reaction was to wonder if this was 2008 all over again. It’s not an investment.”.

Loans 543

Loans Banks Equity Closing costs 543

Housing Wire

FEBRUARY 27, 2024

As diverse as any other ethnicity, many Black Americans are, at their core, hard-working, family-centric, church members who live, for the most part, in urban areas. Black History Month is a time set aside to recognize and celebrate the contributions, achievements, and history of African Americans throughout U.S. But it wasn’t enough.

Banks 411

Banks Loans Land Commercial 411

Housing Wire

AUGUST 14, 2023

Swiss bank UBS AG announced Monday it has agreed to pay $1.43 The UBS settlement is the last case brought by the DOJ working group dedicated to investigating the banks’ conduct during the financial crisis, which resulted in $36 billion in penalties to banks, originations and rating agencies. The settlement with the U.S.

Due diligence 329

Due diligence Banks Loans Investor 329

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 342

Mortgages Banks Marketing Residential 342

Housing Wire

MAY 1, 2024

He also works as vice president of field retail and director of government relations at Finance of America Reverse (FAR). I started my journey with Jim Mahoney with Financial Freedom and ended it with Kristen Sieffert with Finance of America, so I learned from two of the real giants in our industry.”

Mortgages 372

Mortgages Finance Industrial Loan Officer 372

Housing Wire

MAY 14, 2024

The Community Home Lenders of America (CHLA) applauds these initiatives. Homeownership is used far too often as the federal piggy bank. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. The American homebuyer needs help.

FHA loan 289

FHA loan Loans Title Mortgages 289

Housing Wire

AUGUST 1, 2022

Especially evident since the beginning of the COVID-19 pandemic, work-life balance, or should we say work-life harmony, is a key priority for many of today’s professionals. Barkley is an industry veteran who understands better than anyone else the intricacies of balancing work and home life.

Lending 356

Lending Banks Title Industrial 356

Housing Wire

FEBRUARY 27, 2024

Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. Gatling was previously a sales manager at loanDepot , where she spent almost seven years. Of the total, 53.6% were FHA loans.

FHA loan 399

FHA loan Loan Officer Loans Mortgages 399

Housing Wire

FEBRUARY 6, 2023

Home lender PrimeLending has promoted Kim Dybvad to lead its Mid-America division, months after the workforce quit en masse and joined a competitor. She brings her high energy and optimism to work every day, inspiring all around her to achieve their very best.” for allegedly poaching about 100 of its Mid-America employees.

Banks 311

Banks Loans Lending Mortgages 311

Housing Wire

DECEMBER 20, 2022

Wells Fargo , the largest depository mortgage lender in America, has agreed to pay a civil penalty of $1.7 According to the CFPB, the bank repeatedly misapplied loan payments, wrongfully foreclosed on homes, illegally repossessed vehicles and charged surprise overdraft fees, affecting 16 million customers’ accounts.

Banks 368

Banks Lending Loans Mortgages 368

Housing Wire

APRIL 27, 2021

A homebuyer report from Bank of America shows that 51% of young homebuyers aged 18 to 43 value community and friendly neighbors when deciding whether or not to pull the trigger on a new home. We know homeownership remains as important as ever, especially for young homeowners and younger generations looking for that sense of community.”

Equity 463

Equity Banks Lending Renovation 463

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Wells Fargo, the largest depository mortgage lender in America, has been plagued by scandals in recent years.

Bankruptcy 457

Bankruptcy Banks Loan Officer Loans 457

Housing Wire

NOVEMBER 22, 2021

The challenges that lenders, real estate professionals and communities face as they work to increase homeownership among minorities and promote equity in lending can seem too big to tackle. Tony Thompson, III CMB Founder & CEO, National Association of Minority Mortgage Bankers of America. Bernard Nossuli COO, iEmergent.

Lending 320

Lending Equity Banks Mortgages 320

Housing Wire

JUNE 15, 2023

“My personal experience as a Black man working in the mortgage industry for the past two decades has given me insights and experience to draw from that I’m ready to put to work to help create an environment that supports and empowers Guild’s diverse workforce,” said Lamont.

Development 313

Development Loan Officer Banks Mortgages 313

Housing Wire

MARCH 10, 2023

This week, the Community Home Lenders of America (CHLA) released a special report entitled “The Ubiquity of IMB Regulation.” This report is important to independent mortgage banks (like Atlantic Bay Mortgage ) that are increasingly dominating mortgage markets and leading the market in serving minority and underserved borrowers.

Pre-qualification 349

Pre-qualification Banks Loans Mortgages 349

Housing Wire

FEBRUARY 16, 2021

Depository bank Western Alliance has reached a deal to acquire correspondent lender AmeriHome for $1 billion in cash, the firms announced late Tuesday afternoon. With the acquisition, Western Alliance will grab full control of America’s third-largest correspondent lender from an affiliate of financial giant Apollo Global.

Banks 470

Banks Mortgages Closing As-is 470

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 346

Banks Lending Industrial Mortgages 346

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I The bank’s mortgage servicing rights declined by 5% to $9.3 Wells Fargo’s correspondent lending business was already in a freefall.

Lending 511

Lending Finance Mortgages Banks 511

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. “There is currently legislation pending that would increase it (above the 10% level).

Banks 348

Banks Loans Equity Finance 348

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

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

Mortgages 339

Mortgages Marketing Loans Banks 339

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 Veritex is one of Texas’ largest banks, with $8.8 Presented by: Proctor Loan Protector.

Mortgages 362

Mortgages Lending Banks Loans 362

Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. bank accounts to various locations in West Africa via wire transfers.

Industrial 368

Industrial Banks Title Technology 368

Housing Wire

JULY 17, 2023

He gained full control of the company in 2000, after Loeb’s retirement, and put it in growth mode, becoming the largest mortgage provider in America by 2004, surpassing Wells Fargo and Washington Mutual. In 2006, Countrywide made roughly $10 billion in new loans each work week. He was 84 years old.

Lending 363

Lending Mortgages Banks Loans 363

Housing Wire

APRIL 13, 2022

We have organizations [working] to create some standardization. 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. But it’s a challenge.

Mortgages 385

Mortgages Banks Technology Finance 385

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. The work was not complex, he said. ” It worked well for Woodward – and Interfirst – for about one year.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

JUNE 7, 2021

UWM from June 7 to June 20th, we’re gonna match any price, up to 35 basis points of a competitor, someone that you work with, one of the top 15 lenders that do what 90% of the business. UWM’s price-matching guarantee will be in effect between June 7 and June 20. “I’m done with it. “I’m done with it.

Loans 545

Loans Banks Mortgages Finance 545

Housing Wire

MARCH 29, 2023

A coalition of 24 housing organizations, individual leaders and trade groups, led by the National Housing Conference (NHC), are urging President Joe Biden to exempt affordable housing development and repair from the Build America, Buy America Act (BABA) provisions of the Infrastructure Investment and Jobs Act. is facing a 3.8

Development 318

Development Construction Banks Closing 318

Housing Wire

APRIL 18, 2024

The group will continue under the auspices of Mutual of Omaha, which currently stands as the second-largest lender in the reverse mortgage industry behind Finance of America Reverse (FAR). The group’s work, however, will continue to be shared with other industry participants.

Equity 369

Equity Loan Officer Mortgages Industrial 369

Housing Wire

APRIL 8, 2022

Gulatta, based in Charlotte, will work to build the lender’s presence with mortgage brokers on non-agency products. She also held executive roles at Xome , Wells Fargo , Bank of America and IndyMac Bank. This is the company that helped pioneer today’s non-QM market, and they continue to advance the industry.”.

Sales 366

Sales Lending Principal Banks 366

Housing Wire

SEPTEMBER 27, 2022

The Des Moines metropolitan area is the headquarters for the bank’s home mortgage division. “We work hard to identify opportunities for employees in other parts of the company so we can retain as many employees as possible. Presented by: HCL America. In the second quarter of 2021, the company posted $2.1 As the U.S.

FHA loan 359

FHA loan Lending Banks Finance 359

Housing Wire

SEPTEMBER 27, 2022

In the quest to extend homeownership to everyday Americans, local lenders—a segment that includes credit unions, community banks and independent mortgage banks serving communities across the country—play a vital role. The only banking presence in one in five U.S. Growing obstacles in 2022’s market.

Marketing 382

Marketing Banks Lending Loans 382