Housing Wire

OCTOBER 18, 2024

New York Community Bancorp (NYCB) this week announced that it rebranded to Flagstar Bank , laid off 700 employees and anticipated the transition of another 1,200 to Mr. Cooper Group as part of the sale of its third-party origination (TPO) business and mortgage servicing rights (MSRs). In many cases, roles were similar or duplicative.

Banks 429

Banks Sales Commercial Equity 429

Housing Wire

FEBRUARY 24, 2025

The ongoing legal dispute between Texas Capital Bank (TCB) and Ginnie Mae added a new chapter this week. The bank is opposing a government request for a summary judgment that would hand a victory to Ginnie Mae, according to court filings reviewed by HousingWire s Reverse Mortgage Daily (RMD). 10 for all remaining claims in this case.

Banks 330

Banks Mortgages Lending Equity 330

Housing Wire

OCTOBER 21, 2024

An effort seeking summary judgment in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Banks 429

Banks Equity Mortgages Loans 429

Housing Wire

MARCH 20, 2025

the holding company for Blue Ridge Bank and BRB Financial Group Inc. , on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Blue Ridge Bankshares Inc. , William Beale, president and CEO of Blue Ridge Bankshares, said in a statement.

Banks 293

Banks Purchase and sale agreement Mortgages Residential 293

Housing Wire

JUNE 18, 2025

Silicon Valley Bank (SVB), a division of First Citizens Bank , and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. This new facility will allow us to help more customers with a smoother transition from their old home to the next.”

Banks 286

Banks Lending Equity Finance 286

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. Escobar, who is the 2025 MBA Chair and president of Lennar Mortgage , encouraged Hoffman to expand the program at Cleveland State where Hoffman was already teaching.

Banks 370

Banks Mortgages Lending Residential 370

Housing Wire

APRIL 3, 2025

The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023. The bank alleged that Ginnie Mae had extinguished, in return for no consideration, TCBs first priority lien on tens of millions of dollars in collateral stemming from the [FHA]-sponsored [ HECM ] program. District Court for the Northern District of Texas.

Banks 267

Banks Principal Mortgages Lending 267

Housing Wire

JULY 3, 2025

Cornerstone Capital Bank and Tresidio Homes on Thursday announced the launch of Table Rock Mortgage , a joint venture mortgage brokerage. “Together, we’re positioned to deliver unparalleled mortgage services that seamlessly integrate with the homebuying process.” ”

Banks 293

Banks Brokerage Lending Loans 293

Housing Wire

APRIL 8, 2025

While many brokerage leaders experiment with reimagined commission models and marginal tweaks, The Real Brokerage is playing a different game altogether. Most companies in our space focused on reworking the business model, says CEO and founder Tamir Poleg. Were going deep into pure tech innovation.

Brokerage 284

Brokerage Banks Technology Title 284

Housing Wire

OCTOBER 24, 2024

Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight quarter. Foreclosure supply at auctions is now at 44% of the pre-pandemic level in first-quarter 2020, while bank-owned supply is at 37%.

Marketing 468

Marketing Banks Development Mortgages 468

Housing Wire

MAY 13, 2025

Texas Capital Bank (TCB) which initially filed the lawsuit against Ginnie Mae in 2023 has officially appealed last months summary judgment in the governments favor to the U.S. When reached on Tuesday, representatives for the bank reaffirmed their original stance after filing the appeal on Monday.

Banks 203

Banks Mortgages Equity Industrial 203

Housing Wire

OCTOBER 30, 2024

A consent order signed by a Connecticut banking commissioner said that LoanSnap failed to notify the Nationwide Multistate Licensing System (NMLS) that its main address had changed. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract.

Lending 430

Lending Loan Officer Banks Loans 430

Housing Wire

APRIL 3, 2025

Depository banks JPMorgan Chase and Wells Fargo made the top five, while Cleveland-based retail lender CrossCountry Mortgage continued its upward trajectory and was No. A smattering of depository banks ( Bank of America , Citibank , PNC Bank , Citizens Bank , Morgan Stanley ) and one credit union ( Navy Federal ) made the list this year.

Mortgages 395

Mortgages Banks Lending Loans 395

Housing Wire

MARCH 7, 2025

Hochul is seeking to mandate specialized training for bank tellers and other banking professionals in New York to identify and stop instances of elder financial abuse before they take place, according to a report from Newsday. Older Americans are often targets of financial scams by bad actors, and New York Gov.

Banks 368

Banks Finance Technology As-is 368

Housing Wire

NOVEMBER 20, 2024

In August 2023 , the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. California and Washington are the bank’s main markets. According to the mortgage tech platform Modex , HSBC originated about $3.5

Loan Officer 403

Loan Officer Lending Banks Loans 403

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.

Banks 356

Banks Residential Mortgages Technology 356

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.

Mortgages 403

Mortgages Banks Loans As-is 403

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. But insurance companies arent the only players taking note of the potential here, and we could see banks re-enter the non-QM space.

Banks 388

Banks Due diligence Residential Investor 388

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 369

Banks Title Technology Industrial 369

Housing Wire

FEBRUARY 25, 2025

The 2024 STAR program recipients are: General Servicing Associated Bank Cenlar Federal Savings Bank Colonial Savings Fifth Third Bank, N.A. JPMorgan Chase Bank M&T Bank Truist Bank The PNC Financial Services Group Inc. Provident Funding Associates LP University Bank Wells Fargo & Co.

Mortgages 267

Mortgages Banks Lending Residential 267

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 359

Banks Commercial Industrial As-is 359

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 defendants in the suit did not respond to HousingWire s requests for comment.

Earnest money deposit 387

Earnest money deposit Purchase and sale agreement Title Banks 387

Housing Wire

MAY 29, 2025

Prospective homebuyers are holding off on purchases, waiting for lower prices and mortgage rates despite the rising costs of homeownership, according to the 2025 Bank of America Homebuyer Insights Report. Bank of America expects this trend to continue as the market recalibrates.

Banks 342

Banks Mortgages Sales As-is 342

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. Cornish: It was a great time. I didn’t have any choice but to succeed. That was the first thing.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

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 348

Technology Banks Commercial Mortgages 348

Housing Wire

MARCH 17, 2025

In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment. Congress clearly laid out Ginnie Maes authority to pool backing securities that the company guarantees, the bank argued.

Banks 354

Banks Loans Mortgages Title 354

Housing Wire

NOVEMBER 18, 2024

Department of Veterans Affairs (VA) and the Federal Home Loan Banks (FHLBs) in New York, Chicago and San Francisco. The new resource provides tools and guidance to facilitate integration and aligns with the growing adoption of VantageScore 4.0 by a number of industry players. These include the U.S.

Mortgages 402

Mortgages Principal Banks Loans 402

Housing Wire

OCTOBER 23, 2024

In this latest HousingWire Research report, you’ll discover: The driving forces behind this intense competition as independent mortgage banks (IMBs) and financial institutions—think community banks, regional banks, and credit unions—compete for market share. Download the paper today.

Equity 414

Equity Banks Staging Residential 414

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. Looking ahead, Real said it aims to unify these features, making Real Wallet a comprehensive financial solution for all of an agent’s business banking needs. and Canada.

Agents 417

Agents Brokerage Technology Staging 417

Housing Wire

JUNE 3, 2025

in Canada , the second-largest reverse mortgage provider Toronto-based Equitable Bank is seeing notable growth, according to a recent earnings report. But as the world keeps spinning, reverse mortgage players in other countries are making moves. Canadian lender growth Immediately to the north of the U.S. It reached $2.5

Mortgages 428

Mortgages Equity Banks Lending 428

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. That’s a considerable amount of paper to go through.

Mortgages 342

Mortgages Loan Officer Banks Loans 342

Housing Wire

DECEMBER 2, 2024

In August 2023 , the bank announced the launch of the program in eight major U.S. Eligible buyers can combine the bank’s down payment grant with other programs, which could result in up to $15,000 for closing costs and a down payment. At the time of its launch, the bank committed $210 million to helping minority families.

Lending 388

Lending Closing costs Banks Equity 388

Housing Wire

APRIL 10, 2025

It is at the intersection of business, banking, and the economy. Commercial real estate finance is at the forefront of business, banking, and the economy, which excites me about this field. The state of the CRE market provides a glimpse into the condition of the overall economy.

Investor 451

Investor Commercial Finance Loans 451

Housing Wire

JULY 11, 2025

When comparing numbers for banks and nonbanks , the latter group continues to dominate agency servicing and originations — especially for loans pooled through Ginnie Mae. Across all agency servicing, the nonbank share of UPB as July was 72%, while banks held 28%. Nonbanks had $235 billion in prepayments versus $65 billion for banks.

Banks 268

Banks Principal Marketing Loans 268

Housing Wire

DECEMBER 19, 2024

Caldwell also brings robust banking experience with the likes of U.S. Bank and JPMorgan Chase. At Compass, he founded The Apollo Group, a team that achieved national acclaim from industry observers. The 2023 RealTrends Verified rankings listed the group as the No. 1 mega team by sales volume and units.

Brokerage 387

Brokerage Banks Agents Sales 387

Housing Wire

JANUARY 14, 2025

The Federal Housing Finance Agency (FHFA) on Tuesday announced the publication of a new, final rule in the Federal Register seeking to expand liquidity for the Federal Home Loan Bank (FHLBank) system, which would be accomplished by adjusting the treatment of some short-term FHLBank investments.

Banks 367

Banks Loans Finance Sales 367

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 FHLBanks impact on the financial system cannot be overstated.

Lending 382

Lending Development Banks Loans 382