Housing Wire

AUGUST 31, 2022

Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. For The Roscoe State Bank, Piper Sandler & Co. It funded $5.1

Lending 370

Lending Banks Commercial Loan Officer 370

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. was open for business.

Banks 370

Banks Mortgages Loans Loan Officer 370

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 433

Banks Mortgages Fixed-rate mortgage Equity 433

Housing Wire

OCTOBER 19, 2022

Although bank capital regulations were updated a decade ago, [current regulations direct] the Federal Home Loan Banks (FHLBs) to use tangible capital in assessing a commercial bank’s creditworthiness for purposes of issuing advances,” the letter reads in part. “In The ability for banks to provide credit to U.S.

Banks 414

Banks Commercial Loans Finance 414

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 30 to $4.20

Mortgages 433

Mortgages Banks Marketing Commercial 433

Marco Santarelli

APRIL 28, 2024

The banking sector is often seen as a barometer for the broader economy , and the closure of a bank can send ripples through the financial community. In 2024 , the United States witnessed its first bank failure of the year with the closure of Republic First Bank.

Banks 105

Banks Commercial Loans Technology 105

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. Bank OZK has humble roots. In 2019, the bank inked one of its biggest deals.

Banks 67

Banks Construction Finance Commercial 67

Housing Wire

MARCH 1, 2024

DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB. DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB. The stress is leading the bank to seek to sell some of its assets and transfer some mortgage risks to improve its capital position.

Banks 413

Banks Loans Commercial Mortgages 413

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. Expect independent mortgage banks to continue taking share from the large commercial depositaries, which are still shrinking their footprints in lending and servicing,” Hagen said in a report on Tuesday.

Mortgages 414

Mortgages Banks Equity Commercial 414

Housing Wire

SEPTEMBER 12, 2023

With mortgage rates above 7%, historically low levels of housing inventory, defaults in commercial real estate, and a series of potentially onerous regulations to come, Mortgage Bankers Association President and CEO Bob Broeksmit said the trade group is doing all its can to influence policymakers. MBA is also looking ahead to a U.S.

Industrial 404

Industrial Banks Finance Commercial 404

Housing Wire

DECEMBER 21, 2023

It is a sub-servicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company has decided to cut 212 jobs in its Lake Zurich site starting on Feb. 14 to the state authority. trillion, compared to $2.2

Mortgages 423

Mortgages Commercial Banks Investor 423

Housing Wire

MARCH 21, 2024

Concerns over Basel III Endgame Fratantoni also expressed concern that the recent Basel III Endgame proposal would accelerate the trend of the mortgage market shifting away from depository institutions, particularly large banks, toward non-depositories and independent mortgage banks. banks in comparison to international standards.

Industrial 417

Industrial Banks Residential Lending 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. So, how has the industry adapted to this systemic shock?

Lending 113

Lending Commercial Banks Construction 113

Housing Wire

JUNE 7, 2023

“Christine is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces,” said Matt Rocco , the 2023 MBA chairman and president of Colliers Mortgage.

Commercial 370

Commercial Finance Lending Mortgages 370

Housing Wire

DECEMBER 14, 2022

Nexbank, a privately held state-chartered bank in Texas and a subsidiary of NexBank Capital, Inc. promoted Brian Ralston to executive vice president and chief mortgage banking officer. Prior to this role, Ralston served as the senior vice president of mortgage banking at NexBank since 2013. after the departure of John Holt.

Banks 393

Banks Lending Title Commercial 393

Housing Wire

FEBRUARY 27, 2024

The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. February is almost over, but it’s not too late to say that it is a very important month, especially for 50 million Black Americans. But it wasn’t enough.

Banks 424

Banks Loans Land Commercial 424

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. HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S. Santander Bank, NA.,

Mortgages 370

Mortgages Banks Equity Residential 370

Propmodo

OCTOBER 3, 2023

In today’s topsy-turvy commercial real estate market, getting a loan with favorable terms seems like an impossible dream. Banks, keen to reduce their risk, have tightened up lending, enacting stricter standards for potential borrowers to meet. Green finance has seen record growth in recent years.

Finance 48

Finance Banks Lending Commercial 48

Marco Santarelli

MAY 8, 2024

The banking sector is the backbone of any economy, providing the necessary financial services to individuals and businesses alike. However, recent reports from a finance expert at Florida Atlantic University (FAU) have raised concerns about the stability of this crucial sector. Why 300 Banks Are at Higher Risk of Failure?

Banks 52

Banks Commercial Equity Lending 52

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. However, recent developments have cast a shadow of uncertainty over its future.

Commercial 71

Commercial Lending Banks Investor 71

Housing Wire

JULY 7, 2023

But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-and-flip or a bridge loan than in past years. But its bridge loan and fix-and-flip loan pipeline is down 40% over that same time period.

Marketing 370

Marketing Lending Banks Loans 370

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 382

Banks Lending Industrial Mortgages 382

RIS Media

NOVEMBER 30, 2020

The Mortgage Bankers Association (MBA) recently announced the members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) for 2021. “MBA boasts a strong leadership group of professionals from all facets of commercial real estate finance. – Gregg Gerken, TD Bank. Wood & Co.

Commercial 82

Commercial Finance Principal Investor 82

Marco Santarelli

MARCH 14, 2023

The Impact of Bank Failures on the Housing Market The year 2023 has been marked by a series of bank failures, leaving many to wonder what the impact of these failures will be on the housing market and the wider economy. Bank failures have been a common occurrence throughout history, often causing ripples throughout the economy.

Banks 98

Banks Lending Finance Commercial 98

Housing Wire

MAY 8, 2023

Flagstar Bank , a top-25 U.S. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. ” Meanwhile, Signature brought in high-net-worth customers and took the loan-to-deposit ratio to less than 90%, strengthening the bank’s balance sheet. .”

Banks 370

Banks Lending Loans Mortgages 370

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Modern construction finance requires new infrastructure altogether. and Canada. It brings Built’s total capital raised to more than $137 million to date.

Technology 338

Technology Closing Construction Commercial 338

Marco Santarelli

MARCH 20, 2023

In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure , and unfortunately, there have been quite a few in the United States over the years. Banks are an important part of our financial system, but unfortunately, they can fail from time to time.

Banks 139

Banks Commercial Closing Loans 139

Housing Wire

OCTOBER 14, 2022

He will also continue to provide analysis of data trends in the real estate finance industry. MBA’s membership exceeds 2,200 companies, encompassing independent mortgage banks, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and credit unions.

Banks 403

Banks Commercial Mortgages Industrial 403

Housing Wire

APRIL 4, 2022

SitusAMC is a provider of “technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries” but the Warehouse Administration Services launch is aimed at supporting mortgage warehouse lenders, who provide lines of credit to originators.

Lending 382

Lending Technology Finance Commercial 382

Housing Wire

APRIL 9, 2024

Regarding Termine, the Hunterbrook Media spokesperson said the lawyer exposed the Paul Manafort loan scandal , his prior reporting led to multiple criminal convictions, including that of a bank CEO, and he didn’t work for Rocket. “He He left in February. He worked for an independent mortgage broker that actually shopped between options.

Fixed-rate mortgage 433

Fixed-rate mortgage Loans Mortgages Loan Officer 433

Marco Santarelli

NOVEMBER 10, 2023

If you are a customer of Citizens Bank in Sac City, Iowa , you may have been surprised to find out that your bank was closed by the regulators on November 3, 2023. This marked the fifth bank failure in the US this year and the first one in Iowa since 2011.

Banks 52

Banks Commercial Lending Loans 52

Realty Biz

FEBRUARY 22, 2023

More and more people now understand the benefits of investing in real estate to boost their finances. However, as attractive as real estate investing may appear, securing financing to get started can be a real challenge. You must browse several lending options to find the right match for your ambitious commercial real estate business.

Finance 83

Finance Lending Banks Loans 83

Housing Wire

FEBRUARY 3, 2021

Pacific Western Bank , the wholly owned subsidiary of PacWest Bancorp , announced Tuesday it had acquired Civic Financial Services , a private money lender that caters to real estate investors. Pacific Western Bank hailed the acquisition as a strategic move into specialized areas of the non-QM market. It also offers multifamily loans.

Banks 399

Banks Lending Investor Loans 399

Housing Wire

OCTOBER 7, 2022

Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. That concern is overblown, according to several market experts. Easy target.

Purchase and sale agreement 393

Purchase and sale agreement Banks Mortgages Residential 393

Housing Wire

APRIL 14, 2022

It doesn’t make sense to start raising interest rates [to fight inflation] without running off their MBS portfolio,” said Laurie Goodman, vice president for housing finance policy and the founder of the Housing Finance Policy Center at the Urban Institute. trillion agency MBS portfolio? That’s about to end, however.

Marketing 404

Marketing Purchase and sale agreement Investor Banks 404

Housing Wire

NOVEMBER 18, 2022

31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. FHFA’s authority to reduce the number of federal home loan banks. The fundamental purpose of the Federal Home Loan Bank System is housing finance.

Banks 370

Banks Loans Residential Finance 370

Housing Wire

JUNE 22, 2023

To understand the profile of the loans, Nevada-based mortgage banking company Village moved its focus to the Federal Housing Administration (FHA) Streamline Refinance program in 2011, per its website. billion owned mortgage servicing portfolio, according to Inside Mortgage Finance (IMF) estimates. The volume in Q1 2023 was 68.3%

Closing 370

Closing Lending Loans Commercial 370