Housing Wire

OCTOBER 10, 2024

The analysis shows that the delinquent balance on these loans — those more than 30 days overdue — is currently about $2 billion. billion, a total that includes residential and commercial properties. Researchers used Harvey, Irma and Ida as references for prior hurricanes and their impacts on the RMBS market. billion to $47.5

Loans 365

Loans Equity Principal Residential 365

Housing Wire

SEPTEMBER 24, 2024

aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). Lenders must ensure that the loans they take on are eligible for government insurance. Department of Justice (DOJ) announced this week that it has secured a $2.4

Loans 242

Loans Development Commercial Mortgages 242

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning.

Lending 468

Lending Commercial Residential Loans 468

Inman

FEBRUARY 13, 2024

Loans for office buildings specifically dropped 68 percent year over year and 32 percent quarter over quarter.

Loans 183

Loans Commercial Banks Lending 183

Housing Wire

OCTOBER 9, 2024

decline in purchase loan demand. Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2%

VA loan 440

VA loan Mortgages FHA loan Loans 440

Housing Wire

SEPTEMBER 25, 2024

Purchase loan applications saw more modest increases of 0.4% And the rate for Federal Housing Administration (FHA) loans dropped to 5.99%, “breaking the psychologically important 6% level,“ according Joel Kan, the MBA’s vice president and deputy chief economist. Rising home prices are reflected in larger loan sizes.

FHA loan 430

FHA loan Mortgages VA loan Fixed-rate mortgage 430

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 482

Banks Commercial Residential Lending 482

Bigger Pockets

AUGUST 20, 2024

DOJ investigators discovered a multiyear scheme regarding fraudulent loans that led to an $18 million loss for JLL.

Loans 116

Loans Commercial Brokerage 116

Housing Wire

APRIL 4, 2024

Currency, first-lien whole loans prudently underwritten and performing to their original terms receive a 50% risk weight, while other loans receive a 100% risk weight. Trade groups have opposed the new regulations.

Banks 509

Banks Commercial Residential Loans 509

Housing Wire

JANUARY 21, 2021

Notarize has tapped Larry D’Angelo as its first president and chief commercial officer, the company announced on Thursday. The post Notarize taps Larry D’Angelo as president and chief commercial officer appeared first on HousingWire. This article originally appeared in FinLedger , HousingWire’s sister-publication focused on Fintech.

Commercial 360

Commercial Equity Industrial Closing 360

Eye on Housing

MAY 12, 2023

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 118

Lending Commercial Residential Loans 118

Marco Santarelli

JULY 31, 2024

For decades, commercial real estate has been the bedrock of the American economy. With over a trillion dollars in commercial real estate loans maturing in the next two years, the perfect storm is brewing, Harvard Business Review reports. A steady, reliable giant. But now, cracks are appearing in this foundation.

Commercial 64

Commercial Banks Loans Investor 64

Housing Wire

JUNE 11, 2024

Meanwhile, Great Ajax is transitioning from a legacy residential loan platform to a vehicle focused on commercial real estate. The companies also previously noted that Great Ajax will issue five-year warrants to Rithm, exercisable for its common stock, based on the amounts drawn under the loan facility.

Closing 427

Closing Commercial Loans Residential 427

Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Higher interest rates have slowed down the economy and made loans prohibitively expensive. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties.

Lending 113

Lending Commercial Banks Construction 113

Housing Wire

SEPTEMBER 24, 2024

Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital. The company has reportedly funded more than $13 billion across 35,000 loans since its inception. Roemanu and its subsidiaries receive funding from global investment firm KKR , which acquired Merchants Mortgage in 2022.

Residential 417

Residential Commercial Finance Loans 417

Housing Wire

SEPTEMBER 19, 2024

We are excited to deliver the Heartland Bank brand to our reverse mortgage customers,” said Medina Cicak, the bank’s newly appointed chief commercial officer. The average loan term at repayment is 6 years, and the average initial reverse mortgage loan amount is $142,000,” the bank explained, a figure that comes out to roughly $97,000 in U.S.

Mortgages 430

Mortgages Banks Finance Branding 430

NAR: Economic Outlook

SEPTEMBER 27, 2023

September 2023 Commercial Real Estate Market Insights As low-interest loans mature at higher rates, all commercial real estate sectors face challenges, with higher vacancy rates and slower rent growth. By: Oleh Sorokin Commercial & Investment Real Estate

Commercial 107

Commercial Marketing Loans 107

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending.

Loan Officer 417

Loan Officer Commercial Investor Banks 417

HomeLight

JUNE 30, 2024

Looking to fund your next real estate project in San Antonio with a hard money loan? Whether you’re scoping out a charming fixer-upper in Woodlawn or planning to purchase a commercial property downtown, hard money lenders in San Antonio offer the speed and flexibility you need. How does a hard money loan work?

Hard money loan 116

Hard money loan Loans Home sale contingency Finance 116

Housing Wire

SEPTEMBER 13, 2024

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

Sales 417

Sales Mortgages Loan Officer Technology 417

HomeLight

JUNE 20, 2024

Are you looking to finance your next real estate project in Houston with a hard money loan ? Whether you’re eyeing a fixer-upper in The Heights or planning to invest in a commercial property in Downtown, hard money lenders in Houston offer a flexible and speedy alternative to traditional financing.

Hard money loan 115

Hard money loan Loans Home sale contingency Finance 115

Housing Wire

FEBRUARY 27, 2024

Real estate investment trust Rithm Capital , the parent of multichannel lender Newrez , has agreed to issue a one-year loan, purchase common stock and become the external manager of its peer Great Ajax Corp. New York-based Rithm Capital engaged in acquisitions last year to become a global asset manager focused on real estate.

Commercial 429

Commercial Loans Mortgages As-is 429

HomeLight

JULY 12, 2024

Are you planning your next real estate investment in Virginia and considering a hard money loan? Whether you’re eyeing a fixer-upper in Richmond’s historic districts or a commercial property in Roanoke, hard money lenders offer the quick and flexible financing solutions you need. How does a hard money loan work?

Hard money loan 106

Hard money loan Loans Home sale contingency Lending 106

Marco Santarelli

NOVEMBER 16, 2023

In a compelling presentation at the Commercial Economic Issues and Trends Forum during the 2023 NAR NXT, Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), indicated that the commercial real estate sector is poised for revitalization, calling on the Federal Reserve to consider a crucial move – cutting interest rates.

Commercial 103

Commercial Banks Lending Loans 103

Housing Wire

AUGUST 22, 2024

Mortgage Insurers (USMI) commended the updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs), the financial and operational standards for companies that insure loans acquired by Fannie Mae and Freddie Mac. Analysts said that companies are well positioned to implement them.

Mortgages 441

Mortgages Loans Commercial Finance 441

Housing Wire

SEPTEMBER 13, 2023

Direct Capital, through its subsidiary Direct Mortgage , offers residential, commercial and SBA loans, per its website. The company has 98 loan officers and six branches, according to the National Multistate Licensing System (NMLS). And, in a shrinking mortgage market, it registered $1.8 Last year, the company reported $6.3

Loan Officer 402

Loan Officer Commercial Loans Lending 402

Housing Wire

AUGUST 14, 2024

Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck. Late last month, FOA also posted an infomercial featuring the actor to its YouTube channel.

Finance 417

Finance Mortgages Marketing Branding 417

Propmodo

MARCH 29, 2023

The average rate for a loan in 1981 was 16.5 These loans would help people buy houses they needed today without worrying about refinancing later as rates inevitably dropped. The popularity of ARM loans spurred the creation of similar products in the commercial property industry.

Commercial 52

Commercial Loans Banks Industrial 52

Housing Wire

JULY 12, 2024

Half of loans in loss-mitigation status at the time of the survey were expected to “permanently perform“ and avoid foreclosure status, Auction.com reported. This included 58% of conforming loans purchased by Fannie Mae and Freddie Mac , 49% of government-backed loans and 34% of nonagency loans.

Equity 475

Equity Loans Commercial Mortgages 475

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 New York Community Bancorp announced a $2.6

Banks 370

Banks Commercial Lending Loans 370

Housing Wire

SEPTEMBER 17, 2024

The goal of the JV is to securitize the loans and invest across a range of securities in sponsored transactions, the two companies and residential mortgage investment manager Imperial Fund Asset Management said on Tuesday. The lender began servicing some investor loans in 2008.

Mortgages 321

Mortgages Residential Equity Loans 321

Housing Wire

AUGUST 8, 2024

While the company did have a higher HECM loan volume in Q2 2024, this was “mostly offset by a decline in gain-on-sale margins, driven by wider yield spreads on newly originated [HECM-backed Securities (HMBS)],” the company said. Proprietary loans from Longbridge are also available to borrowers as young as 55 in certain states.

Loans 430

Loans Commercial Mortgages Equity 430

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. NYCB’s provisions for loan losses surged to $552 million in Q4 2023, up from $62 million in the previous quarter.

Mortgages 451

Mortgages Banks Marketing Commercial 451

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

RIS Media

JULY 9, 2021

Mortgage delinquencies for commercial and multifamily properties held firm in June, according to the Mortgage Bankers Association’s (MBA) monthly CREF Loan Performance Survey. MBA created the survey to better understand how the COVID-19 pandemic is impacting commercial mortgage loan performance. the previous month.

Commercial 105

Commercial Mortgages Staging Loans 105

Housing Wire

JULY 14, 2023

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection. The CFPB goes on to cite U.S.

Mortgages 369

Mortgages Commercial Banks Loans 369

RIS Media

AUGUST 16, 2021

Commercial and multifamily mortgage loan originations were 106% higher in the second quarter of 2021 compared to a year ago and increased 66% from the first quarter of 2021, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Source: MBA.

Commercial 98

Commercial Lending Loans Banks 98