Cornerstone Home Lending to acquire Roscoe State Bank

Housing Wire

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The name Roscoe State Bank will be kept at the Bastrop , Texas locations.

Mr. Cooper, U.S. Bank and PNC Bank settle DOJ servicing case

Housing Wire

Bank and PNC Bank. Bank is on the hook for $29 million in credits and refunds, according to the settlement. The bank also waived approximately $43 million in fees across its mortgage servicing portfolio, including for borrowers in bankruptcy.

Banks 355
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New York Community Bank to acquire Flagstar

Housing Wire

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January.

Banks 329

Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. The EnerBank team, led by Charlie Knadler, will join Regions as part of its consumer banking group reporting to Peters.

Two Southern banks complete mortgage eNote transfer

Housing Wire

Going forward, FHLBank Atlanta will accept all eNotes, per bank officials. Officials said 11 federal home loan banks set servicing system requirements relating to eSignatures and eNote documentation in early 2020 – the culmination of three years of development.

Banks 266

Florida community bank launches mortgage arm

Housing Wire

Amerant Bank , one of the largest community banks in Florida, announced that it is venturing into the mortgage industry with the formation of Amerant Mortgage. The bank will retain the majority ownership of the JV. Mortgage Amerant Bank Amerant Mortgage Florida launch

Banks 308

How did Wells Fargo and Bank of America’s mortgage businesses perform in the third quarter?

Housing Wire

The bank originated $62 billion in home loans during the third quarter, up 5% from $59 billion in the prior quarter. Such a move suggests the banking giant is comfortable with its balance sheet and that mortgage defaults would be stable in the upcoming quarter.

Banks 393

U.S. Bank’s Fred Bolstad to speak at Spring Summit

Housing Wire

Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bank Home Mortgage, Bolstad is responsible for over 4,000 employees, including nearly 1,400 mortgage loan officers. Bank Home Mortgage

Banks 344

Cadence Bank reaches settlement with DOJ over redlining

Housing Wire

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 The bank, based in Texas, also has branches in Alabama, Florida, Georgia and Tennessee.

Banks 332

How student lending can benefit non-bank lenders

Housing Wire

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.

Flagstar Bank to back trio of mortgage-tech startups

Housing Wire

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. The post Flagstar Bank to back trio of mortgage-tech startups appeared first on HousingWire.

Banks 284

People movers: InterLinc Mortgage Services, Invictus Capital Partners, Western Alliance Bank

Housing Wire

Closing out this week’s people mover announcements, Western Alliance Bank named Jim Karr as national sales manager for its correspondent mortgage solutions team, which is part of the bank’s Specialized Mortgage Services group.

Banks 264

Banks offer exposure to mortgage risk — and investors want in

Inman

Banking & Lending Investing Markets & Economy Mortgage bonds citigroup extra-credit interest rates jpmorgan chase mortgages risk-transfer securities Texas Capital BankThe new bond products offer higher yields in a low-interest-rate environment.

Banks 138

People movers: Gateway First Bank, Promontory MortgagePath and Mortgage Solutions Financial

Housing Wire

Gateway First Bank officially named Scott Gesell CEO and general counsel after serving as CEO on an interim basis since April 3. The post People movers: Gateway First Bank, Promontory MortgagePath and Mortgage Solutions Financial appeared first on HousingWire.

Banks 251

US Bank Mortgage Review for 2020

The Mortgage Report

Review of US Bank Mortgage showing how the company compares to other top lenders for mortgage rates, service, complaints, and loan products.

Banks 74

Better.com’s Vishal Garg talks the future of banking, tech stacks and a customer-friendly IPO

Housing Wire

” The one-on-one conversation with Azevedo touched upon the structure of Better’s strategic partnerships , the future of retail banking , how COVID-19 has changed the fundamentals of business, and the proper integration of a tech stack.

Banks 337

Canadian Mortgage Quality Has “Deteriorated”: Bank of Canada

Better Dwelling

The Bank of Canada (BoC) warned mortgage quality has “deteriorated” in 2020. The central bank found highly indebted households, those with a loan-to-income ratio higher than 450%, now represent a record share of new mortgage debt.

Banks 114

Bank of America triples affordable homeownership pledge to $15B

Inman

Mortgage affordable mortgage america's home grant bank of america bank of america real estate center closing costs d. The lender aims to help more than 60,000 low- and moderate-income homebuyers with low down payment mortgages as well as down payment and closing cost grants.

Banks 139

Supplies! Bank of Canada Researchers Say Supply Alone Can’t Explain Home Prices

Better Dwelling

The Bank of Canada (BoC) published a paper on Canadian Housing Supply Elasticities. Bank of Canada Researchers Say Supply Alone Can’t Explain Home Prices appeared first on Better Dwelling. Canadian housing supply plays a role in home price growth, but doesn’t explain all of it.

Banks 104

A Large Canadian Bank Just Blamed The Bank of Canada For The Property Bubble

Better Dwelling

One of Canada’s largest banks made an unusual move — they called out the role the Bank of Canada (BoC) played in the property bubble. The post A Large Canadian Bank Just Blamed The Bank of Canada For The Property Bubble appeared first on Better Dwelling.

Banks 114

STANDARD CHARTERED BANK

Rent, Buy & Sell

INTRODUCTION: Standard Chartered is an international banking and finance company operating a network of >1,200 outlets and branches including associates, joint ventures, and subsidiaries across >70 countries. The bank began to issue the Hong Kong dollar banknotes in 1862.

Banks 52

LoanDepot forms joint venture with Farm Bureau Bank

Inman

Industry News Mortgage Partnership Select anthony hsieh Dominick Deorio Farm Bureau Farm Bureau Bank Jeff Walsh loanDepot William HilemanAs lenders pivot from refinancings to purchase loans, loanDepot builds on its track record of partnering with homebuilders.

Banks 113

North American Savings Bank (NASB) Mortgage Review for 2021

The Mortgage Report

Review of North American Savings Bank mortgages showing how NASB compares to other top lenders for mortgage rates, loan options, and service. Mortgage Lender Reviews

Banks 83

Bank of Canada Expected To Hike Rates Sooner Than Planned, May Cool Housing

Better Dwelling

The Bank of Canada (BoC) will update the public on monetary policy next Wednesday. Three Big Six banks said they expect the central bank to discuss higher rates. Canada Bank of Canada BMO Canadian Real Estate Prices National Bank of Canada RBC

Banks 114

Items to Shop for When Donating to a Food Bank

American Lifestyle

The post Items to Shop for When Donating to a Food Bank appeared first on American Lifestyle Magazine. Health Donating Food Bank Food Donation Giving Back List Shopping

Banks 83

Quickly pay agents and accept deposits with Bank Shot

Inman

The pandemic has pushed every aspect of the transaction deep into the digital age, and this broker-developed app called Bank Shot continues to help everyone get their money faster.

Banks 134

Canada’s Central Bank Head Wrote A Bizarre Opinion Piece To Say He’s Nailing It

Better Dwelling

In an opinion piece last week, the Bank of Canada (BoC) governor Tiff Macklem didn’t let his work speak for itself. The post Canada’s Central Bank Head Wrote A Bizarre Opinion Piece To Say He’s Nailing It appeared first on Better Dwelling.

Banks 111

Banks and credit unions are changing Canada’s real estate industry

REM Online

The original post can be found at the following URL: Banks and credit unions are changing Canada’s real estate industry. Insightt now predicts that in the next five years, most major banks and credit unions will own their own real estate brokerage company.

Banks 83

New Zealand’s Central Bank Readies To Tighten Mortgage Lending Even Further

Better Dwelling

New Zealand’s central bank is considering tightening mortgage lending standards even further. In June the New Zealand Government gave the Reserve Bank the green light to tighten lending. This morning, they announced they’ll consider a series of new measures in October.

Banks 105

Bank of Canada To Further Taper Toxic Program That Helped Push Home Prices Higher

Better Dwelling

Canada’s central bank is closer to ending the program that added rocket fuel to home prices. The Bank of Canada (BoC) announced it will taper its quantitative ease (QE) program. Canada Bank of Canada Canadian Real Estate Prices Quantitative Ease

Banks 112

Falling Canadian Home Sales May Lead To Slowing Price Growth Soon: National Bank

Better Dwelling

The Teranet–National Bank of Canada House Price Index (TNHPI) hit a new record high in July. The post Falling Canadian Home Sales May Lead To Slowing Price Growth Soon: National Bank appeared first on Better Dwelling.

Banks 98

Bank of Canada Is Quietly Updating Forecast Models To Include Debt and Real Estate

Better Dwelling

Remember that time the head of Canada’s central bank said the housing bubble was good for the economy? The Bank of Canada (BoC) finished its technical report on the Terms-of-Trade Economic Model (ToTEM). Canada Bank of Canada Canadian Debt Canadian Real Estate Prices ToTEM

Banks 114

Bank of America Mortgage Review for 2021

The Mortgage Report

Bank of America mortgage review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options. Mortgage Lender Reviews Mortgage Products

Banks 84

Where to find bank statement loans for self-employed mortgage borrowers

The Mortgage Report

Bank statement loans can help self-employed mortgage borrowers qualify for a bigger home loan. Here's how to find a safe, low-rate bank statement loan.

Banks 94

Foreclosure activity to resume in July, some banks say

Realty Biz

Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. After that date, banks will be free to start legal proceedings to evict anyone who is behind on their mortgage payments.

Banks 102