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. in Q2 2023.

Banks 473

Banks Commercial Lending Residential 473

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 421

Mortgages Banks Equity Commercial 421

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 441

Mortgages Banks Marketing Commercial 441

Housing Wire

APRIL 4, 2023

Rithm, a New York-based asset manager, is opening an office in London to seek equity and debt investments across the real estate and consumer finance sectors, the company announced on Monday. Migliara is a veteran of asset-backed securities, consumer lending platforms, and residential and commercial real estate.

Commercial 384

Commercial Lending Equity Banks 384

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 441

Banks Mortgages Fixed-rate mortgage Equity 441

Housing Wire

MARCH 20, 2023

Flagstar, the 19th-largest mortgage lender in the country, acquired $38 billion in Signature’s assets, including approximately $25 billion in cash and $13 billion in loans, which were exclusively commercial and industrial loans. New York Community Bancorp announced a $2.6 JPMorgan was the leader with $20 billion and an 18% share.)

Banks 370

Banks Lending Commercial Loans 370

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.

Lending 113

Lending Commercial Banks Construction 113

Housing Wire

APRIL 18, 2023

So mortgages, credit, munis, financing, futures, FX, all of them had a pretty good quarter,” Alastair Borthwick, Bank of America’s chief financial officer, told analysts. Mortgage, home equity business Its mortgage business, however, reported disappointing numbers, an issue led by elevated 30-year fixed mortgage rates.

Banks 370

Banks Mortgages Equity Loans 370

Housing Wire

MARCH 7, 2024

“The rating agencies and bond market have recognized the pristine nature of [residential mortgage-backed securities, or RMBS] and are rewarding that over time with tighter and tighter spreads, which allows for better financing, which then allows for better pricing ultimately back to the borrower,” Warden said. “My

Investor 421

Investor As-is Commercial Equity 421

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.

Finance 385

Finance Commercial Loans Title 385

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.

Commercial 370

Commercial Finance Equity Design 370

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 370

Mortgages Banks Equity Residential 370

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

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. million in full year 2022.

Loan Officer 432

Loan Officer VA loan Loans Technology 432

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

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 420

Banks Loans Commercial Mortgages 420

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. million.

Banks 421

Banks Mortgages Lending Commercial 421

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 397

Mortgages Equity Loans Seller concession 397

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 450

Technology Development Title Lending 450

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. Understanding the Waterfall Model.

Commercial 91

Commercial Investor Equity Loans 91

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

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. Murphy Cheatham is the Diversity, Equity, and Inclusion Program Manager at the commercial real estate firm CBRE. Carey School of Business.

Commercial 384

Commercial Land Development Industrial 384

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

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.

Commercial 397

Commercial Equity Banks Finance 397

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 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

Realty Biz

MARCH 17, 2021

However, one option that’s always going to remain popular is commercial real estate (CRE). In that case, commercial real estate is an excellent place to start due to its high-income potential, tax benefits, relatively less competition, and less turnover, among other things. Suppose you want to expand your investment portfolio.

Commercial 86

Commercial Hard money loan Loans Equity 86

Housing Wire

SEPTEMBER 14, 2023

” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. Nunes: Redwood also launched a home equity platform. For everybody else, unlocking that equity is even more expensive. What is the strategy here?

Equity 397

Equity Banks Investor Residential 397

C4D Crew

APRIL 13, 2022

Commercial real estate investing can be much hairier than residential. Thankfully, commercial real estate investing returns are normally much higher than residential real estate investing returns, making the slog to selling a property worth it in the end. Consider this your MBA in passive commercial real estate investing. .

Commercial 52

Commercial Investor Equity Due diligence 52

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. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. billion volume in 2021, up 33.7%

Mortgages 522

Mortgages Marketing Lending Loans 522

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 421

Development Loans Banks Mortgages 421

Marco Santarelli

MAY 3, 2023

Fortunately, real estate loans for investors offer a viable solution to finance these investments. Disadvantages: Strict eligibility criteria, such as good credit, steady income, and a minimum down payment of 20% The loan amount is based on the property's appraised value, which may limit the amount of financing available to investors.

Investor 52

Investor Loans Hard money loan Equity 52

GeekEstate

APRIL 17, 2024

Geek Estate is about celebrating entrepreneurship, focused on real estate tech (residential and commercial). Notable : simple pay-at-close financing for everything a client needs to prep their home for sale and get the most out of it. This week, they announced their 2024 US Resi Cohort.

Residential 52

Residential Commercial Equity Finance 52

Marco Santarelli

MAY 8, 2024

However, recent reports from a finance expert at Florida Atlantic University (FAU) have raised concerns about the stability of this crucial sector. The bank reported unrealized securities losses that exceeded its equity as early as June 2022, which ultimately led to its failure.

Banks 52

Banks Commercial Equity Lending 52

Eye on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

Loans 122

Loans Loan Officer Commercial Lending 122