Housing Wire

SEPTEMBER 12, 2023

MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s Compliance and Risk Management Conference this week in Washington, D.C. John Rose (R-TN)’s effort to curb trigger leads, he said.

Industrial 401

Industrial Banks Finance Commercial 401

Housing Wire

JUNE 13, 2023

Dallas-based Comerica Bank has decided to “organically exit” the mortgage banker finance business following the tumult in the banking industry that threatened the nation’s top warehouse lenders. Inside Mortgage Finance (IMF) first reported on the topic.

Banks 337

Banks Lending Finance Investor 337

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The increased awareness around these benefits have positioned brokers to be the obvious choice when it comes to consumer mortgage needs, keeping them competitive with large banks and retail lenders.

Industrial 444

Industrial Loan Officer Marketing Loans 444

Housing Wire

APRIL 1, 2024

In exchange for providing homeowners a lump sum of cash, they receive a share of the home’s future value or future appreciation. “Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In The annual investment volume in the U.S.

Equity 417

Equity Finance Purchase and sale agreement Investor 417

Housing Wire

JANUARY 5, 2024

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey brings more than two decades of financial industry experience to the position. A total of five additional senior account executives joined Dickey. market share in the TPO space.

Banks 389

Banks Mortgages Finance Sales 389

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 350

Industrial Banks Residential Lending 350

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 353

Banks Mortgages Commercial Lending 353

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here before the January 27th deadline!

Finance 377

Finance Brokerage Banks Closing 377

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). The bank failed to raise capital to plug a $1.8

Banks 380

Banks Finance Commercial Technology 380

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 385

Banks Mortgages Technology Branding 385

Housing Wire

JUNE 30, 2022

Pennsylvania-based Customers Bank , which has warehouse lending operations located in Hamilton, New Jersey, is listed as the largest unsecured creditor in the FGMC Chapter 11 case — with a claim of $25 million, court pleadings show. The lender then filed for Chapter 11 bankruptcy on Thursday, June 30. million.

Bankruptcy 368

Bankruptcy Banks Finance Lending 368

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 437

Banks Mortgages Fixed-rate mortgage Equity 437

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We And it is putting its new cloud-based Blend Builder platform front and center.

Banks 405

Banks Mortgages Loans Investor 405

Housing Wire

JANUARY 3, 2023

With nearly 40 years of experience in the real estate finance industry, Lowrie is widely known for making history in 2005 as the first female elected chair of the MBA. Her tenacity, resilience, and fierce advocacy for our industry will long be remembered by all those fortunate enough to have interacted with her.

Industrial 454

Industrial Mortgages Banks Residential 454

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. market share, according to Inside Mortgage Finance (IMF) estimates.

Loans 407

Loans Mortgages Due diligence Banks 407

Marco Santarelli

JUNE 14, 2024

The stability of the banking sector is a cornerstone of economic confidence , and the occurrence of bank failures can be a significant indicator of underlying financial health and regulatory effectiveness. Bank Failures: Over 120 US Banks Failed Since 2012 From 2012 to early 2024, the U.S.

Banks 97

Banks Closing Industrial As-is 97

Housing Wire

MARCH 1, 2023

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. However, the ramifications of climate risk are now being felt throughout the broader industry, especially as a larger and larger percentage of this damage comes in the form of uninsured losses. You build the home to code.

Industrial 373

Industrial Banks Loans Design 373

Housing Wire

APRIL 9, 2021

Over the last several years, non-bank mortgage originators have established a much larger market share. Additionally, non-bank servicers have more than doubled their ownership of servicing rights in the last 10 years. Student lending offers an entryway into consumer finance that non-bank originators have not had access to historically.

Lending 377

Lending Banks Loans Finance 377

Housing Wire

NOVEMBER 18, 2022

These trends have exacerbated industry overcapacity, leading to continual layoffs. This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. American Financing Corporation originated $4.13

Industrial 414

Industrial Loan Officer Loans Lending 414

Marco Santarelli

JUNE 9, 2024

The FDIC Problem Bank List is a confidential list maintained by the Federal Deposit Insurance Corporation (FDIC) in the US. It identifies banks that are considered to be at risk of failing financially. Identification Process: Banks are assigned a CAMELS rating by FDIC examiners. These banks hold a combined total of $82.1

Banks 111

Banks Land As-is Residential 111

Housing Wire

MAY 4, 2023

Toronto-based TD Bank Group and Memphis, Tenn.-based billion, would have led to TD Bank acquiring First Horizon, facilitating TD Bank’s broader entry into the U.S. billion, would have led to TD Bank acquiring First Horizon, facilitating TD Bank’s broader entry into the U.S.

Banks 331

Banks Industrial Closing As-is 331

Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The industry would need to see a more persistent mortgage rate decline to near 6% for a more meaningful pickup in prepayment speeds, the note said.

Industrial 398

Industrial Mortgages Loans Banks 398

Housing Wire

NOVEMBER 3, 2022

Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers or failures in the wake of the double whammy of still-rising inflation and interest rates. The outlook is not good for large cohorts of the industry.”. trillion in 2021. trillion in 2021.

Banks 395

Banks Mortgages Loans Equity 395

Housing Wire

MAY 22, 2024

Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement. Additionally, the people and culture at Certainty are unique, and I am excited to once again collaborate with industry colleagues and leaders who I’ve regarded so highly over years in the business.”

Lending 375

Lending Development Loan Officer Finance 375

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. But over the last ten years, Bank OZK, a small bank from Arkansas, has grown to become one of the most powerful financiers of large real estate projects in the U.S. Bank OZK has humble roots.

Banks 67

Banks Construction Finance Commercial 67

BAM Media

MAY 9, 2024

Real estate transactions can be complex, especially when traditional financing isn’t the best option. This is where creative financing strategies like seller financing and subject to come into play. Seller Financing: The seller acts as the bank, creating a new financing agreement with the buyer.

Finance 105

Finance Banks Investor Loans 105

Housing Wire

JUNE 14, 2024

They are enthusiastic about the potential of our current and future solutions to accelerate the industry’s momentum.” Her extensive industry relationships, problem-solving orientation, and commitment to follow-through make her an indispensable partner in our clients’ success.”

Sales 365

Sales Development Lending Loans 365

Housing Wire

MAY 29, 2024

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Kind Lending, a California-based lender founded by industry veteran Glenn Stearns, is a client of LendArch , a mortgage consulting firm that Richards founded in 2021.

Lending 310

Lending Banks Loan Officer Loans 310

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Why is the industry still transferring money the old-fashioned way? There’s really no experience quite like buying a home.

Industrial 394

Industrial Purchase and sale agreement Pre-approval Banks 394

Housing Wire

JUNE 1, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. Boy was I wrong,” Jones said, who served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs at the time. “It

Industrial 299

Industrial Mortgages Banks Finance 299

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 363

Industrial Residential Mortgages Investor 363

Housing Wire

JUNE 14, 2024

Attorneys for the federal government have issued an extensive new filing in the ongoing litigation between Texas Capital Bank (TCB) and Ginnie Mae , including a raft of correspondence that took place immediately prior to the seizure of the Reverse Mortgage Funding servicing portfolio by Ginnie Mae.

Bankruptcy 414

Bankruptcy Banks Loans Lending 414

Housing Wire

MAY 1, 2024

Longtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage Bankers Association (TMBA). He also works as vice president of field retail and director of government relations at Finance of America Reverse (FAR). From countless trips to Washington, D.C.

Mortgages 394

Mortgages Finance Industrial Loan Officer 394

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 104

Banks Commercial Loans Technology 104

Housing Wire

AUGUST 14, 2020

After Fannie Mae and Freddie Mac announced an added 50 basis point fee to all refinances, the housing industry was quick to react. The Mortgage Bankers Association also joined together with various members of the housing industry to oppose the move. How was the 50 basis point pricing determined to be appropriate?

Industrial 497

Industrial Mortgages Title Lending 497

Housing Wire

MAY 30, 2024

entered the real estate industry in the early 1980s, founding The Gallery of Homes before establishing his RE/MAX franchise, which evolved into RE/MAX Revolution. also serves as a trustee at Watertown Savings Bank. The team mostly serves the Greater Boston area. DelRose Sr. DelRose Sr. DelRose Jr.

Brokerage 420

Brokerage Residential Commercial Development 420

Housing Wire

MARCH 29, 2024

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. My parents are retired, and putting my entrepreneurial and finance hats on, I just got to see challenges they face and conversations they’ve had,” she said.

Mortgages 430

Mortgages Finance Loan Officer Equity 430