Housing Wire

JULY 25, 2025

The Senate Banking Committee will hold its first bipartisan housing markup in more than a decade, Chairman Tim Scott (R-S.C.) Senate Committee on Banking, Housing and Urban Affairs. I am grateful to Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott (R-S.C) and Ranking Member Elizabeth Warren (D-Mass.)

Banks

Housing Wire

OCTOBER 22, 2024

based agents can sign up for a business checking account with Thread Bank , which includes a Real-branded debit card. The Real Brokerage is keeping attendees of RISE, its third annual agent conference, on their toes. From the RISE stage in Las Vegas , Real unveiled three new products for agents and clients on Tuesday. and Canada. and Canada.

Agents

Housing Wire

OCTOBER 31, 2024

Consumers should also avoid emailing financial information, such as bank account numbers. Far from slowing down, the scams are becoming more prevalent, sophisticated, and difficult to recognize as fraudulent. Real estate wire fraud—a scam in which a buyer is tricked into wiring funds to a fraudster—has surged as home prices have risen.

Title

Housing Wire

FEBRUARY 24, 2025

Cooper won’t be onboarding as many Flagstar Bank employees as initially projected in its $1.4 billion deal to acquire the depository bank’s residential mortgage servicing operations. Multiple sources told HousingWire that Flagstar began layoffs on Friday. It now has north of $1.5

Banks

Housing Wire

JANUARY 8, 2025

On Wednesday, the Office of the Comptroller of the Currency (OCC) took protective measures by issuing a proclamation that allows national banks, federal savings associations, and federal branches and agencies of foreign banks to close their offices in areas of California affected by the fires. Who’s bearing the risk?

Banks

Housing Wire

APRIL 30, 2025

After being notified, the FBI froze the fraudulent bank account. This was a fortunate outcome because it can take months or longer for homeowners to track down their money through a labyrinth of fraudulent bank accounts, if they recover it at all. billion in 2023.

Title

Housing Wire

JANUARY 14, 2025

In commentary released last week, Bank of America analysts labeled the December jobs report as gangbusters as nonfarm payrolls jumped by 256,000 positions, well above the six-month average growth rate of 165,000. Given a resilient labor market, we now think the Fed cutting cycle is over, Bank of America analysts wrote. in November.

Mortgages

Housing Wire

MAY 29, 2025

Mark DeVries, senior research analyst at Deutsche Bank , said some larger mortgage companies remain somewhat skeptical of the value of buying a big servicing book, paying a lot of money for leads that you could generate organically, without having to pay a big premium. Indeed, the total residential subservicing market declined to $3.96

Mortgages

Housing Wire

MARCH 24, 2025

It excludes new construction homes , foreclosure sales, auction sales, non-arms-length transactions, bank/corporate/government acquisitions, invalid quit claims and outlier sale prices (defined as below $10,000 or above $10 million). The study also found that these losses were deepest in communities of color.

MLS

Housing Wire

MAY 21, 2025

“Our technology eliminates the tedious ‘stare and compare’ work of analyzing bank statements while enhancing fraud detection and ensuring consistency across underwriting decisions,” said Paul Gigliotti , chief growth officer at Prudent AI. We’re still early in the process. The quality has been far higher.

Mortgages

Housing Wire

NOVEMBER 13, 2024

Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003. Cornish also dives into his experience at a local Iowa bank after leaving Wells Fargo following the post- housing crisis industry changes in 2008. This interview has been edited for length and clarity. Cornish: It was a great time. That was the first thing.

Mortgages

Housing Wire

MAY 27, 2025

Banking and mortgage technology company nCino made a large reduction in force (RIF) ahead of its quarterly earnings call on Wednesday. ” nCino, based in North Carolina, makes a cloud-based banking system that is used for commercial banking and mortgage, including a popular loan origination system. .

Technology

Housing Wire

DECEMBER 17, 2024

The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage. The other defendants in the suit are those involved in the title and escrow process and the wiring of the allegedly fraudulent funds.

Earnest money deposit

Housing Wire

JULY 19, 2025

However, the Silicon Valley banking crisis caused a spike in spreads and the situation remained challenging throughout the year. This means we can achieve near 6% mortgage rates without the 10-year yield dropping below 4%, provided spreads continue to improve. Why is this important? What did all of this mean for the 10-year yield?

Mortgages

Housing Wire

MAY 21, 2025

Even the term affordable feels like a relic of the past, said Jake Vehige, president of mortgage lending at Neighbors Bank , who authored a recent report that analyzes housing conditions in rural counties with populations of less than 20,000. bank branches, the study found, compared to 55.1 Rural areas of the U.S. in non-rural areas.

New Construction

Housing Wire

JANUARY 13, 2025

The University of Florida alum also has chairman and executive leadership experience with companies like Tax Guard , Capital Bank , Ally Financial , Fifth Third Bank and Bank of America. This came after the company acquired Flagstar Bank assets in July. trillion at the end of the third quarter.

Banks

Housing Wire

MARCH 26, 2025

That’s according to the CFO Survey, a collaboration between Duke Universitys Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. in Q1 2025, which the Fed banks said nearly erases the gains from a post-election jump. The CFO Survey was fielded from Feb. 18 to March 7. in Q4 2024 to 62.1

Banks

Housing Wire

FEBRUARY 11, 2025

At their core, the FHLBanks exist to serve their members community banks, credit unions, insurance companies, and community development financial institutions by providing access to low-cost, reliable funding. The availability of funding at the local level is the driving force in building stronger communities.

Lending

Housing Wire

JULY 21, 2025

mortgage market is undergoing a tectonic shift, and Non-Qualified Mortgage (Non-QM) lending is at the epicenter of this transformation. Once viewed as a niche or transitional product, non-QM lending now represents around 5 percent of today’s mortgage market, according to a recent CoreLogic report. The workforce has evolved.

Lending

Housing Wire

OCTOBER 18, 2024

This could result in the local community banks and credit unions providing the financing, likely with maximum loan-to-value ratios of 80% or less.” California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. “I’m not surprised.

Mortgages

Housing Wire

JULY 18, 2025

Only 40% of respondents said they trust banks — a sharp drop from 61.5% The sample was balanced across gender, race and income to reflect the diversity of today’s housing market. Gen Z, in particular, shows a greater willingness to pursue nontraditional paths. Trust in loan officers has plunged even further, down to 19.5%. Who to turn to?

Loan Officer

Housing Wire

DECEMBER 19, 2024

Caldwell also brings robust banking experience with the likes of U.S. Bank and JPMorgan Chase. There’s a reason why eXp Realty regards itself as the “the most agent-centric brokerage on the planet.” ” This week, the company embodied that mindset with yet another major affiliation that expands its agent network.

Brokerage

Housing Wire

JANUARY 7, 2025

The CFPB alleges that Experian routinely and uncritically accepted responses from banks, credit companies and debt collectors on consumer disputes, even when it was illogical on its face or unreliable. On Tuesday, the CFPB filed a lawsuit against Experian in a U.S.

Finance

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “A There is nothing like that face to face.

Bankruptcy

Housing Wire

JANUARY 20, 2025

And the FBI issued a public service announcement over fraudsters usage of generative AI. Unfortunately, industry experts are anticipating that things will only get worse in 2025 as gen AI makes committing cybercrime easier than ever. As the FBI report suggested, generative AI shares a large part of the blame for the uptick in financial crimes.

Title

Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. Climate change is increasing the intensity and severity of natural disasters. Places like Florida are projected to be in debt should another disastrous storm hit.

Design

Housing Wire

JUNE 9, 2025

According to the Federal Reserve Bank of New York, credit card delinquency (60+ days past due) reached 3.5% The 2025 U.S. housing market is flashing warning signs reminiscent of 2008: rising household debt burdens, persistent inflation and home prices that are outpacing incomes. Debt-to-income ratios (DTIs) are a primary concern.

Marketing

Housing Wire

JULY 30, 2025

“The Federal Reserve has telegraphed no rate cut in July, and even if the central bank cut rates in September, it is likely that mortgage rates will remain in the mid- to high-6% range amidst continued economic uncertainty.” Realtors are optimistic that homebuying and selling activity will increase.

Sales

Housing Wire

MAY 21, 2025

The rising cost of homeowners insurance coupled with the rising regularity of weather-related natural disasters is serving to erode the longstanding barrier between mortgage lenders and loan losses, according to a new report published by First Street. Indirect economic pressures also pose serious risks. billion by 2035.

Principal

Housing Wire

JANUARY 15, 2025

Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.

Title

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. We likely would not have seen mortgage rates at 8% that year if the spreads hadn’t worsened after the banking crisis. In 2023, spreads reached as high as 3.10%. year over year.

Mortgages

Housing Wire

FEBRUARY 24, 2025

People often ask, How can it be possible that home prices are still climbing even though the cost of money is so much higher? There are obviously fewer buyers who can afford these prices. One reason that home prices have stayed elevated is that inventory nationally is still restricted. Ive called this a compression in home prices. This year its 2%.

Sales

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

Banks

Housing Wire

JANUARY 7, 2025

Bank ‘s threshold for affordable housing payments 28% of monthly income. Housing affordability is a constant issue faced by working-class renters and homebuyers in recent years. NetCredit’s released an analysis this week of the 100 most populous cities in the U.S. The national average income is $74,755, according to NetCredit.

Development

Housing Wire

JANUARY 14, 2025

Open bank and trust accounts Next, you’ll need to set up all the necessary business banking accounts and Trust accounts. Despite the learning curve, becoming a broker has been one of the most fulfilling decisions of my career. The steps may seem daunting at first, but with a plan in place, youll move through them with ease.

Brokerage

Housing Wire

OCTOBER 31, 2024

According to data from the Federal Reserve Bank of New York , roughly 750,000 home equity lines of credit ( HELOCs ) were issued to borrowers ages 55 or older in 2023. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender.

Mortgages

Housing Wire

JULY 14, 2025

This means: Robust underwriting : Rather than “no-doc” or “stated-income” loans, modern non-QM relies on detailed analysis of bank statements (typically 12-24 months), P&L statements, or Debt Service Coverage Ratio (DSCR) for investors. Data from Statista projects that by 2027, around 86.5

Investor